Civic Intelligence

North Carolina Information Innovation Fund Inc

EIN 93-2243254 • 501(c)4 • Raleigh, NC

Profile

The North Carolina Information Innovation Fund NCIIF will educate the residents of North Carolina on civic duty and election related matters, including the importance of voting in elections, national policies impacting North Carolina, how to better engage in issue-based dialogues with their elected officials, and will undertake related research.

PO Box 90204Raleigh, NC 27675

www.nciif.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

45%

Higher net margin than 78% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

NTEE W • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

480%

Faster asset growth than 97% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

707%

Faster revenue growth than 98% of similar nonprofits.

NTEE W • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,131,450

Up $936,220 (+480%) from 2023

Liabilities

Down

$34,435

Down $118,995 (-78%) from 2023

Net Assets

Up

$1,097,015

Up $1,055,215 (+2524%) from 2023

Revenue

Up

$2,360,000

Up $2,067,500 (+707%) from 2023

Expenses

Up

$1,304,785

Up $1,054,085 (+420%) from 2023

Net Income

Up

$1,055,215

Up $1,013,415 (+2424%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2023: $195,230Liabilities 2023: $153,430Net Assets 2023: $41,8002023Assets 2024: $1,131,450Liabilities 2024: $34,435Net Assets 2024: $1,097,0152024

Highlighted filing

2024

Assets$1,131,450
Liabilities$34,435
Net Assets$1,097,015

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2023: $292,500Expenses 2023: $250,700Net Income 2023: $41,8002023Revenue 2024: $2,360,000Expenses 2024: $1,304,785Net Income 2024: $1,055,2152024

Highlighted filing

2024

Revenue$2,360,000
Expenses$1,304,785
Net Income$1,055,215

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$2,360,000
Mission and Program Overview

Mission

The North Carolina Information Innovation Fund NCIIF will educate the residents of North Carolina on civic duty and election related matters, including the importance of voting in elections, national policies impacting North Carolina, how to better engage in issue-based dialogues with their elected officials, and will undertake related research.

Educate North Carolinians on civic duty and elections, including the importance of voting, national policies, engaging in issue-based dialogues with elected officials, and related research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$195,230$1,131,450▲ $936,220
Total Assets$195,230$1,131,450▲ $936,220
Liabilities
Accounts Payable and Accrued Expenses$153,430$34,435▼ $118,995
Total Liabilities$153,430$34,435▼ $118,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,800$1,097,015▲ $1,055,215
Total Net Assets Fund Balance$41,800$1,097,015▲ $1,055,215
Total Liabilities and Net Assets / Fund Balance$195,230$1,131,450▲ $936,220
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,360,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,360,000
Change in Net Assets
$1,055,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,244,785
Professional Fundraising Fees$60,000
Total Fundraising Expense$60,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$376,716-$376,716
Fees for Services Professional Fundraising--$60,000$60,000
Fees for Services Management-$55,000-$55,000
Fees for Services Legal-$53,160-$53,160
Travel-$11,029-$11,029
Other Expenses$15,450$7,500-$7,500
Fees for Services Accounting-$2,544-$2,544
Total Functional Expenses$738,269$506,516$60,000$1,304,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$60,000
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 19

The Organization has submitted its application for recognition as a 501c4 and is waiting on a response.

Form 990, Part VI, Line 11B

Form 990 was provided electronically to all board members for review prior to filing.

Form 990, Part VI, Section A, Line 5

Several invoices were presented for payment that were fraudulent and the prior bookkeeper paid them without authorization. That bookkeeper was removed from the organization as well as her access to bank accounts immediately after these unauthorized payments were made. The new bookkeeper and treasurer have initiated an internal process where twice monthly an accounts payable run and supporting documentation is presented to the treasure for approval. Additionally, the bookkeeper can initiate but not approve an bank transfers. The bookkeeper can initiate but the treasure must approve. A total of 744,755.64 such invoices were paid. NCIIF was able to recover 368,039.22 through bank recovery and reduction of invoices from ongoing vendors. There was a net loss of assets of 376,716.42.

Form 990, Part VI, Section B, Line 12A

The By-Laws adpoted in June 2024 with a new conflict of interest policy. This policy will be monitored and enforced going forward.

Filing and Contact Details

Filer

Filer Name
North Carolina Information Innovation Fund Inc
EIN
93-2243254
Phone
9196275855
Address
PO Box 90204, Raleigh, NC 27675

Signing Officer

Name
Andrew Heath
Title
Treasurer
Phone
9196275855
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Heath
Formed
2023
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Morrison Tax & Accounting Services Inc
Address
320 N Judd PKWY NE Ste 218, Fuquay Varina, NC 27526
Preparer
Deirdre C Morrison
Phone
9196275855
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Several invoices were presented for payment that were fraudulent and the prior bookkeeper paid them without authorization. That bookkeeper was removed from the organization as well as her access to bank accounts immediately after these unauthorized payments were made. The new bookkeeper and treasurer have initiated an internal process where twice monthly an accounts payable run and supporting documentation is presented to the treasure for approval. Additionally, the bookkeeper can initiate but not approve an bank transfers. The bookkeeper can initiate but the treasure must approve. A total of 744,755.64 such invoices were paid. NCIIF was able to recover 368,039.22 through bank recovery and reduction of invoices from ongoing vendors. There was a net loss of assets of 376,716.42.

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IRS990/MissionDesc0The North Carolina Information Innovation Fund NCIIF will educate the residents of North Carolina on civic duty and election related matters, including the importance of voting in elections, national policies impacting North Carolina, how to better engage in issue-based dialogues with their elected officials, and will undertake related research.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has submitted its application for recognition as a 501c4 and is waiting on a response.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 was provided electronically to all board members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Several invoices were presented for payment that were fraudulent and the prior bookkeeper paid them without authorization. That bookkeeper was removed from the organization as well as her access to bank accounts immediately after these unauthorized payments were made. The new bookkeeper and treasurer have initiated an internal process where twice monthly an accounts payable run and supporting documentation is presented to the treasure for approval. Additionally, the bookkeeper can initiate but not approve an bank transfers. The bookkeeper can initiate but the treasure must approve. A total of 744,755.64 such invoices were paid. NCIIF was able to recover 368,039.22 through bank recovery and reduction of invoices from ongoing vendors. There was a net loss of assets of 376,716.42.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Several invoices were presented for payment that were fraudulent and the prior bookkeeper paid them without authorization. That bookkeeper was removed from the organization as well as her access to bank accounts immediately after these unauthorized payments were made. The new bookkeeper and treasurer have initiated an internal process where twice monthly an accounts payable run and supporting documentation is presented to the treasure for approval. Additionally, the bookkeeper can initiate but not approve an bank transfers. The bookkeeper can initiate but the treasure must approve. A total of 744,755.64 such invoices were paid. NCIIF was able to recover 368,039.22 through bank recovery and reduction of invoices from ongoing vendors. There was a net loss of assets of 376,716.42.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The By-Laws adpoted in June 2024 with a new conflict of interest policy. This policy will be monitored and enforced going forward.
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IRS990/TravelGrp/ManagementAndGeneralAmt011029
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 90204
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IRS990/USAddress/ZIPCd027675
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0www.nciif.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Andrew Heath
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09196275855
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0North Carolina Information Innovation Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0932243254
ReturnHeader/Filer/PhoneNum09196275855
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 90204
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811357083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Morrison Tax & Accounting Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0320 N Judd PKWY NE Ste 218
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fuquay Varina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027526
ReturnHeader/PreparerPersonGrp/PhoneNum09196275855
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Deirdre C Morrison
ReturnHeader/ReturnTs02025-05-07T11:35:30-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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