Civic Intelligence

The Verity Foundation Inc

990EZ • Fiscal year 2016 • EIN 90-0895036

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 09, 2017

Organization ProfileN/A
601 N Shortridge RdIndianapolis, IN 46219

(844) 383-7489

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

3rd percentile

-91%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-39%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$1,765

Down $17,425 (-91%) from 2015

Net Assets

$1,765

No earlier filing loaded for comparison.

Liabilities

Down

$0

Down $3,001 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin17th percentile

Revenue

Down

$80,845

Down $51,910 (-39%) from 2015

Expenses

Down

$95,269

Down $27,999 (-23%) from 2015

Net Income

Down

-$14,424

Down $23,911 (-252%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2013: $26,346Liabilities 2013: $0Net Assets 2013: $26,3462013Assets 2014: $6,702Liabilities 2014: $02014Assets 2015: $19,190Liabilities 2015: $3,0012015Assets 2016: $1,765Liabilities 2016: $0Net Assets 2016: $1,7652016

Highlighted filing

2016

Assets$1,765
Liabilities$0
Net Assets$1,765
Open 2016 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2013: $19,277Expenses 2013: $984Net Income 2013: $18,2932013Revenue 2014: $90,840Expenses 2014: $110,485Net Income 2014: -$19,6452014Revenue 2015: $132,755Expenses 2015: $123,268Net Income 2015: $9,4872015Revenue 2016: $80,845Expenses 2016: $95,269Net Income 2016: -$14,4242016

Highlighted filing

2016

Revenue$80,845
Expenses$95,269
Net Income-$14,424
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$80,845
Mission and Program Overview

Mission

Support and promote Verity Institute Inc and its mission

Program Services

DescriptionGrantsExpenses
Providing financial support to Verity Institute Inc to the furtherance of its mission of providing an atmostphere for Christian college students to earn an accredited degree. These grants benefitted over 100 participants.$42,375$56,336
Managing the funds received and spent for the Verity Institute Inc annual mission trip.$22,450$22,222
Providing scholarships to students of Verity Institute Inc.-$8,725
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff ThomasChairman-$0--
Mark KnudsenVice Chairman-$0--
Dean LanierSecretary/Treasurer-$0--
Philip JusticeMember-$0--
Stephen HillsMember-$0--
Kevin McCrayMember-$0--
Jo McCrayMember-$0--
Keith DietrichMember-$0--
Sharon DietrichMember-$0--
John RoweMember-$0--
Louis Donald LaTorreMember-$0--
Filing and Contact Details

Filer

Filer Name
The Verity Foundation Inc
EIN
90-0895036
Phone
8443837489
Address
601 N Shortridge Rd, Indianapolis, IN 46219

Signing Officer

Name
Brent Thomas
Title
COO
Signed
2017-02-09
Discuss with paid preparer
No

Preparer

Firm
Integrity Accounting
Address
2N615 Woodcrest Dr, West Chicago, IL 60185
Preparer
Ryan Uecke
Phone
6307421589
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10, Grants Paid

“Activity , Grantee Verity Institute Inc 601 N Shortridge Rd Indianapolis IN 46219, Cash Grant 93,777, Relationship”

Form 990-EZ, Part I, Line 16, Other Expenses

“Business and Banking Fees 1,430”

Form 990-EZ, Part II, Line 24, Other Assets

“AR Beginning of year 390, End of year 304”

Form 990-EZ, Part II, Line 26, Liabilities

“Pledges Payable Beginning of year 3,001, End of year 0”

Raw XML Appendix179 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeff Thomas
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Philip Justice
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Stephen Hills
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jo McCray
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Sharon Dietrich
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9John Rowe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Louis Donald LaTorre
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Member
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0304
IRS990EZ/OtherExpensesTotalAmt01430
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IRS990EZ/PrintingPublicationsPostageAmt062
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt122450
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt056336
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt28725
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt095269
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity , Grantee Verity Institute Inc 601 N Shortridge Rd Indianapolis IN 46219, Cash Grant 93,777, Relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Business and Banking Fees 1,430
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AR Beginning of year 390, End of year 304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Pledges Payable Beginning of year 3,001, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10, Grants Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Brent Thomas
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Verity Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0900895036
ReturnHeader/Filer/PhoneNum08443837489
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 N Shortridge Rd
ReturnHeader/Filer/USAddress/CityNm0Indianapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046219
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Integrity Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02N615 Woodcrest Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060185
ReturnHeader/PreparerPersonGrp/PhoneNum06307421589
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ryan Uecke
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-09T06:26:00-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,765
Liabilities
$0
Net assets
$1,765
Revenue
$80,845
Expenses
$95,269
Net income
-$14,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.81$0.95$0.14
2015Summary only. Only limited summary data is available for this year.$0.19$0.03$1.33$1.23$0.09
2014Summary only. Only limited summary data is available for this year.$0.07$0.00$0.91$1.10$0.20
2013Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.19$0.01$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits