Idealliance Foundation

Nonprofit profile at a glance

EIN
562094060
IRS 990-EZ coverage
2011–2015
Forms available
Form 990-EZ 2015
Location
Winstonsalem, NC, USA
Phone
3367164445
Rating confidence
Limited
Sector
Education N.E.C.

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ERIC TOMLINSON DSC PHD (DIRECTOR & PRESIDENT)

People named in this filing

  • ERIC TOMLINSON DSC PHD (DIRECTOR & PRESIDENT)
  • TERRY L HALES JR (DIRECTOR & TREASURER)
  • JOHN D MCCONNELL MD (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the foundation is to carry out charitable and educational activities in connection with the business development activities of wake forest innovation quarter development co., a 501(c)(6) organization.

What it reported doing in 2015

The foundation was formed on june 24, 1998 to carry out charitable and educational activities in connection with the business development activities of the 501(c)(6) organization that it supports, wake forest innovation quarter development co. Form 990-ez, part v, line 34, significant changes to governing documents: the governing board of the filing organization on may 25, 2016 approved the dissolution of the filing organization and distribution of its assets, after payment of all of its liabilities and other obligations, to wake forest university health sciences, the North Carolina nonprofit corporation to which such assets were to be distributed upon dissolution as provided in the filing organization's articles of incorporation. Articles of dissolution in conformity with the foregoing were filed with the North Carolina secretary of state on june 21, 2016.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 55
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 0th percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -75.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -24.8% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.