Civic Intelligence

Education Is Freedom Foundation

990 • Fiscal year 2017 • EIN 04-3643313

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 13, 2018

1111 W Mockingbird Lane Suite 1300Dallas, TX 75247

(214) 432-8550

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$216,216

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

12th percentile

-9.2%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-0.4%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,376,639

Down $139,076 (-9.2%) from 2016

Net Assets

Down

$1,251,343

Down $154,594 (-11%) from 2016

Liabilities

Up

$125,296

Up $15,518 (+14%) from 2016

Revenue

Down

$2,155,742

Down $8,933 (-0.4%) from 2016

Expenses

Up

$2,376,707

Up $460,467 (+24%) from 2016

Net Income

Down

-$220,965

Down $469,400 (-189%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,043,250Liabilities 2010: $225,351Net Assets 2010: $2,817,8992010Assets 2011: $2,407,565Liabilities 2011: $227,156Net Assets 2011: $2,180,4092011Assets 2012: $1,294,818Liabilities 2012: $206,554Net Assets 2012: $1,088,2642012Assets 2013: $1,553,760Liabilities 2013: $168,558Net Assets 2013: $1,385,2022013Assets 2014: $1,626,489Liabilities 2014: $154,671Net Assets 2014: $1,471,8182014Assets 2015: $1,331,122Liabilities 2015: $101,320Net Assets 2015: $1,229,8022015Assets 2016: $1,515,715Liabilities 2016: $109,778Net Assets 2016: $1,405,9372016Assets 2017: $1,376,639Liabilities 2017: $125,296Net Assets 2017: $1,251,3432017Assets 2018: $1,008,488Liabilities 2018: $216,189Net Assets 2018: $792,2992018Assets 2019: $1,206,072Liabilities 2019: $135,475Net Assets 2019: $1,070,5972019Assets 2020: $1,478,261Liabilities 2020: $526,633Net Assets 2020: $951,6282020Assets 2021: $1,800,770Liabilities 2021: $495,483Net Assets 2021: $1,305,2872021Assets 2022: $1,588,177Liabilities 2022: $100,638Net Assets 2022: $1,487,5392022Assets 2023: $2,785,762Liabilities 2023: $659,569Net Assets 2023: $2,126,1932023

Highlighted filing

2017

Assets$1,376,639
Liabilities$125,296
Net Assets$1,251,343

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,223,5242010Expenses 2011: $3,226,8902011Revenue 2012: $874,264Expenses 2012: $1,966,409Net Income 2012: -$1,092,1452012Revenue 2013: $3,147,402Expenses 2013: $2,850,464Net Income 2013: $296,9382013Revenue 2014: $2,271,762Expenses 2014: $2,656,775Net Income 2014: -$385,0132014Revenue 2015: $1,773,850Expenses 2015: $2,015,866Net Income 2015: -$242,0162015Revenue 2016: $2,164,675Expenses 2016: $1,916,240Net Income 2016: $248,4352016Revenue 2017: $2,155,742Expenses 2017: $2,376,707Net Income 2017: -$220,9652017Revenue 2018: $2,167,822Expenses 2018: $2,655,365Net Income 2018: -$487,5432018Revenue 2019: $3,051,886Expenses 2019: $2,773,588Net Income 2019: $278,2982019Revenue 2020: $3,104,988Expenses 2020: $3,223,957Net Income 2020: -$118,9692020Revenue 2021: $3,564,034Expenses 2021: $3,021,358Net Income 2021: $542,6762021Revenue 2022: $3,456,836Expenses 2022: $3,274,583Net Income 2022: $182,2532022Revenue 2023: $5,042,271Expenses 2023: $4,372,074Net Income 2023: $670,1972023

Highlighted filing

2017

Revenue$2,155,742
Expenses$2,376,707
Net Income-$220,965
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 13, 2018
Return Version
2016v3.1
Gross Receipts
$2,155,742
Mission and Program Overview

Mission

Education is Freedom ("EIF") transforms lives through education.

EIF is a nonprofit organization dedicated to providing comprehensive college planning services and producing life changing results for students & families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,174,584$808,256▼ $366,328
Pledges and Grants Receivable$196,525$301,846▲ $105,321
Accounts Receivable$0$125,448▲ $125,448
Savings and Temporary Cash Investments$100,000$100,000→ $0
Land, Buildings, and Equipment, Net$29,273$29,090▼ $183
Prepaid Expenses and Deferred Charges$15,333$9,707▼ $5,626
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,515,715$1,376,639▼ $139,076
Other Assets Total$0$2,292▲ $2,292
Liabilities
Accounts Payable and Accrued Expenses$109,778$125,296▲ $15,518
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$109,778$125,296▲ $15,518
Net Assets / Fund Balance
Unrestricted Net Assets$1,236,600$806,568▼ $430,032
Temporarily Rstr Net Assets$169,337$444,775▲ $275,438
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,405,937$1,251,343▼ $154,594
Total Liabilities and Net Assets / Fund Balance$1,515,715$1,376,639▼ $139,076

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,020$402,426$423,446
Other Land Buildings$8,070$80,850$88,920
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcia PagePresident & CEOFT$150,000$66,216$216,216

Board Members and Trustees

NameTitle
Mark OkadaChairman
Al BruDirector
David BieglerDirector
Debbie CoxDirector
Drexel OwusuDirector
Gloria CamposDirector
James W KeyesDirector
Joe Vonder HaarDirector
Mavis KnightDirector
Patrick BrandtDirector
Sal FiraDirector
Senator Royce WestDirector
Rafael AnchiaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,155,545
Program Service Revenue
$0
Investment Income
$197
Other Revenue
$0
All Other Contributions
$904,598
Change in Net Assets
$-220,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,155,742
Revenue Not Reported on Form 990
$66,371
Total Revenue per Audited Statements
$2,222,113
Total Revenue per Form 990
$2,155,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,640,060
Other Expenses$655,785
Total Fundraising Expense$261,576
Grants and Similar Amounts Paid$40,662
Professional Fundraising Fees$40,200

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,073,014$164,297$136,411$1,373,722
Other Employee Benefits$161,405$24,767$20,611$206,783
Information Technology$61,801$9,463$7,857$79,121
Fees for Services Other$66,465--$66,465
Office Expenses$50,917$7,796$6,473$65,186
Payroll Taxes$46,632$7,087$5,836$59,555
Other Expenses$37,602$5,758$4,778$48,138
Travel$34,490$5,281$4,385$44,156
Grants to Domestic Individuals$40,662--$40,662
Fees for Services Professional Fundraising--$40,200$40,200
Insurance$18,859$2,888$2,398$24,145
Depreciation Depletion$15,916$2,437$2,023$20,376
Total Functional Expenses$1,848,496$266,635$261,576$2,376,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,376,707
Total Expenses per Audited Statements$2,376,707
Total Expenses per Form 990$2,376,707
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$40,200
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Education is Freedom Foundation
EIN
04-3643313
In Care Of
% EMILY FREEMAN
Phone
2144328550
Address
1111 W Mockingbird Lane Suite 1300, DALLAS, TX 75247

Signing Officer

Name
Marcia Page
Title
CEO/President
Phone
2144328550
Signed
2018-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Page
Formed
2002
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
55
Volunteers
366

Preparer

Firm
Grant Thornton Llp
Address
1617 N WATERFRONT PKWY STE 100, WICHITA, KS 67206
Preparer
Rebecca Zecha
Phone
3162653231
Supplemental Narrative

Additional Explanations

Other Program Services Description

Form 990 part iii, line 4d the organization's other programs consists of college persistence, disd academy training, eif mobile, grand prairie independent school district and points of light serviceworks. Form 990 review process form 990, part vi, line 11b upon completion, a copy of the 990 is provided to both the organization's controller as well as the president and ceo. The 990 is then forwarded to the chairman of the board of directors for review and approval prior to filing the return with the internal revenue service.

Explanation of Monitoring and Enforcement Conflicts

Form 990, Part VI, Line 12c Annual disclosure statements are not required. However, what follows is an excerpt from the Organization's conflict of interest policy: PERSONS CONCERNED This statement is directed not only to directors and officers, but to all employees who can influence the actions of EIF. For example, this would include all who make purchasing decisions, all persons who might be described as "management personnel,anyone who has proprietary information concerning EIF. DISCLOSURE POLICY AND PROCEDURE Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: 1. The conflicting interest is fully disclosed; 2. The person with the conflict of interest is excluded from the discussion and approval of such transaction; 3. A competitive bid or comparable valuation exists; and 4. The [board or a duly constituted committee thereof] has determined that the transaction is in the best interest of the organization. 5. Disclosure in the organization should be made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the [board or a duly constituted committee thereof]. Disclosure involving directors should be made to the board chair, (or if she or he is the one with the conflict, then to the board vice-chair) who shall bring these matters to the [board or a duly constituted committee thereof]. 6. The [board or a duly constituted committee thereof] shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to EIF. The decision of the [board or a duly constituted committee thereof] on these matters will rest in their sole discretion, and their concern must be the welfare of EIF and the advancement of its purpose.

Compensation Review & Approval Process - CEO & Top Management

Form 990, Part VI, Line 15a COMPENSATION COMPARISONS ARE USUALLY COMPLETED ON AN ANNUAL BASIS WITH SALARY INFORMATION PROVIDED BY THE LOCAL CENTER FOR NON-PROFIT MANAGEMENT. SALARY REVIEWS ARE COMPLETED FOR THE ENTIRE STAFF AND ARE INTENDED TO BE ALIGNED WITH COMPARABLE POSITIONS IN OTHER LOCAL NON-PROFIT AND GOVERNMENT AGENCIES. THE CEO'S SALARY IS ALSO REVIEWED AND APPROVED BY THE BOARD CHAIRMAN.

other organization documents publicly available

Form 990, Part VI, Line 19 EIF makes available its annual report, Form 990 and audited financials on the organization website. The governing documents and conflict of interest policy are available upon request.

Explanation of No Comtemporaneously Documentation of Meetings

Form 990, Part VI, Line 8B There are no such committees.

Financial Statement Notes

Fin 48 Footnote

Schedule D, Part X, Line 2 The Foundation is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) of 1986, as amended, as an organization described in Section 501(c)(3) of the IRC. The Foundation has been classified as an organization that is not a private foundation under IRC Section 509(a)(2), and as such, contributions to the Foundation qualify for deductions as charitable contributions. However, income generated from activities unrelated to the Foundations exempt purpose is subject to tax under IRC Section 511. Management has concluded that any tax positions that would not meet the more-likely-than-not criterion of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740-10, Accounting for Income Taxes, would be immaterial to the financial statements taken as a whole. Accordingly, the accompanying financial statements do not include any provision for uncertain tax positions, and no related interest or penalties have been recorded in the statement of activities or accrued in the statement of financial position. Federal and state tax returns of theentity are generally open to examination by the relevant taxing authorities for a period of three years from the date the returns are filed.

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IRS990/Desc0The High School/Middle School Program: On-campus Higher Education Advisors provide one-on-one interactive sessions to guide students through comprehensive college application, enrollment and funding processes. Students have access to advisors daily during the school year. With this support, a college-going community is created among greatly under-served students who will most likely be the first in their families to go to college. To date, over 157,000 students and their families have completed the college process. EIF was awarded as one of the 10 best College Access organizations in the country by the Education Policy Institute. The National College Access Network gave EIF their Award of Excellence.
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IRS990/Form990PartVIISectionAGrp/PersonNm3Al Bru
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IRS990/Form990PartVIISectionAGrp/PersonNm5Debbie Cox
IRS990/Form990PartVIISectionAGrp/PersonNm6Sal Fira
IRS990/Form990PartVIISectionAGrp/PersonNm7Joe Vonder Haar
IRS990/Form990PartVIISectionAGrp/PersonNm8James W Keyes
IRS990/Form990PartVIISectionAGrp/PersonNm9Mavis Knight
IRS990/Form990PartVIISectionAGrp/PersonNm10David Biegler
IRS990/Form990PartVIISectionAGrp/PersonNm11Drexel Owusu
IRS990/Form990PartVIISectionAGrp/PersonNm12Senator Royce West
IRS990/Form990PartVIISectionAGrp/PersonNm13Marcia Page
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President & CEO
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IRS990/MissionDesc0EIF ENVISIONS A WORLD WHERE EVERY YOUNG PERSON HAS THE OPPORTUNITY TO PURSUE A COLLEGE EDUCATION AND A REWARDING CAREER. EIF PROVIDES STUDENTS WITH THE TOOLS NEEDED TO SUCCESSFULLY GRADUATE FROM HIGH SCHOOL, ATTEND AND GRADUATE FROM COLLEGE, AND PURSUE A REWARDING CAREER.
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IRS990/OtherExpensesGrp/Desc1FACILITY AND EQUIP. EXPENSE
IRS990/OtherExpensesGrp/Desc2TELECOMMUNICATIONS
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Mayor's Intern Fellows Program: With this EIF-developed program, EIF partners with the Dallas Mayor's office to provide paid summer internships with Dallas' top companies and organizations to foster comprehensive job skills training and professional development. Along with providing the internships, EIF has facilitated over 22,000 hours of workforce development training. The belief is that with career exposure, workforce readiness skills, and postsecondary education, these students will become productive members of the workforce, and thus, the community.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EIF Scholars Program: The Scholars Program, a year-long enrichment program for first generation college students, culminates in an Evening With the Stars Scholarship reception during which scholarships are awarded to Dallas' brightest. Scholars must be at the top of their class and enrolled in course work which will prepare them for college, such as Advanced Placement courses. The program challenges our students to apply to the country's most competitive and comprehensive universities through enriching leadership skills, community service, and student development. In the 2016-2017 school year, participants had a college enrollment rate of 99%.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.79$0.66$2.13$5.04$4.37$0.67
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.10$1.49$3.46$3.27$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.50$1.31$3.56$3.02$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.53$0.95$3.10$3.22$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.14$1.07$3.05$2.77$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.22$0.79$2.17$2.66$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.13$1.25$2.16$2.38$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.11$1.41$2.16$1.92$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.10$1.23$1.77$2.02$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.15$1.47$2.27$2.66$0.39
2013Summary only. Only limited summary data is available for this year.$1.55$0.17$1.39$3.15$2.85$0.30
2012Summary only. Only limited summary data is available for this year.$1.29$0.21$1.09$0.87$1.97$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.23$2.18$3.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.23$2.82$4.22