Civic Intelligence

Cheshire Education Foundation Inc.

990 • Fiscal year 2014 • EIN 06-1442308

Jan 01, 2014 to Dec 31, 2014 • Filed on May 05, 2015

PO Box 7Cheshire, CT 06410

(203) 272-1621

Siviq Scores

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

Liabilities / Assets

40th percentile

0.02x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.37x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

29th percentile

-4.0%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

59th percentile

5.4%

Faster asset growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$665,477

Up $34,092 (+5.4%) from 2013

Net Assets

Up

$654,677

Up $32,092 (+5.2%) from 2013

Liabilities

Up

$10,800

Up $2,000 (+23%) from 2013

Revenue

Down

$29,471

Down $54,103 (-65%) from 2013

Expenses

Down

$30,659

Down $10,357 (-25%) from 2013

Net Income

Down

-$1,188

Down $43,746 (-103%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $508,770Liabilities 2010: $0Net Assets 2010: $508,7702010Assets 2011: $506,977Liabilities 2011: $0Net Assets 2011: $506,9772011Assets 2012: $560,870Liabilities 2012: $8,800Net Assets 2012: $552,0702012Assets 2013: $631,385Liabilities 2013: $8,800Net Assets 2013: $622,5852013Assets 2014: $665,477Liabilities 2014: $10,800Net Assets 2014: $654,6772014Assets 2015: $682,876Liabilities 2015: $0Net Assets 2015: $682,8762015Assets 2016: $717,569Liabilities 2016: $0Net Assets 2016: $717,5692016Assets 2017: $783,269Liabilities 2017: $10,618Net Assets 2017: $772,6512017Assets 2018: $735,606Liabilities 2018: $0Net Assets 2018: $735,6062018Assets 2019: $874,897Liabilities 2019: $0Net Assets 2019: $874,8972019Assets 2020: $1,319,873Liabilities 2020: $0Net Assets 2020: $1,319,8732020Assets 2021: $1,464,031Liabilities 2021: $0Net Assets 2021: $1,464,0312021Assets 2022: $1,208,942Liabilities 2022: $0Net Assets 2022: $1,208,9422022Assets 2023: $1,347,951Liabilities 2023: $0Net Assets 2023: $1,347,9512023Assets 2024: $1,464,798Liabilities 2024: $0Net Assets 2024: $1,464,7982024

Highlighted filing

2014

Assets$665,477
Liabilities$10,800
Net Assets$654,677

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $28,1522010Expenses 2011: $49,9612011Revenue 2012: $42,268Expenses 2012: $29,610Net Income 2012: $12,6582012Revenue 2013: $83,574Expenses 2013: $41,016Net Income 2013: $42,5582013Revenue 2014: $29,471Expenses 2014: $30,659Net Income 2014: -$1,1882014Revenue 2015: $58,877Expenses 2015: $22,474Net Income 2015: $36,4032015Revenue 2016: $38,271Expenses 2016: $22,805Net Income 2016: $15,4662016Revenue 2017: $29,678Expenses 2017: $40,761Net Income 2017: -$11,0832017Revenue 2018: $262,903Expenses 2018: $33,761Net Income 2018: $229,1422018Revenue 2019: $46,200Expenses 2019: $31,895Net Income 2019: $14,3052019Revenue 2020: $386,645Expenses 2020: $61,877Net Income 2020: $324,7682020Revenue 2021: $21,144Expenses 2021: $48,863Net Income 2021: -$27,7192021Revenue 2022: $22,697Expenses 2022: $49,429Net Income 2022: -$26,7322022Revenue 2023: $12,325Expenses 2023: $53,951Net Income 2023: -$41,6262023Revenue 2024: $17,636Expenses 2024: $51,227Net Income 2024: -$33,5912024

Highlighted filing

2014

Revenue$29,471
Expenses$30,659
Net Income-$1,188
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 5, 2015
Return Version
2014v5.0
Gross Receipts
$29,471
Mission and Program Overview

Mission

The primary exempt purpose of the organization is to supplement and enhance public education in cheshire connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$536,724$587,531▲ $50,807
Savings and Temporary Cash Investments$94,661$77,946▼ $16,715
Total Assets$631,385$665,477▲ $34,092
Liabilities
Accounts Payable and Accrued Expenses$8,800$10,800▲ $2,000
Total Liabilities$8,800$10,800▲ $2,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$556,967$580,341▲ $23,374
Unrestricted Net Assets$65,618$74,336▲ $8,718
Total Net Assets Fund Balance$622,585$654,677▲ $32,092
Total Liabilities and Net Assets / Fund Balance$631,385$665,477▲ $34,092
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jane LeukartPresident
Barry FeldmanDirector
Dennis DeningerDirector
Douglas BrownDirector
James BiggartDirector
John F CapponeDirector
Judy GallagherDirector
Martin RauchDirector
Sheldon DillDirector
Richard LauSecretary
David a PelletierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,890
Program Service Revenue
$0
Investment Income
$17,581
Other Revenue
$0
All Other Contributions
$11,890
Change in Net Assets
$-1,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,082$1,270-$1,082
All Other Expenses-$390-$390
Total Functional Expenses$28,999$1,660$0$30,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 2

David pelletier barry feldman treasurer board mbr. Business relationship

Form 990, Page 6, Part VI, Line 11B

The 990 form is reviewed by the budget and finance committee before copies are presented to the board and ultimate filing.

Form 990, Page 6, Part VI, Line 12C

All members of the board of directors of the foundation are required to complete a conflict of interest statement of disclosure annually. This disclosure statement requires the individual to answer a series of questions regarding transactions, events and circumstances which could lead to conflicts of interest. The disclosure statement also requires the individual to sign that they have read and understand the organizations conflict of interest policy. The completed conflict of interest disclosure statements are reviewed by the president and treasurer of the organization. The president will contact any individual if there are questions or answers to questions on the disclosure statement that need clarification. If it is determined that a conflict does exist with respect to a matter, the organization enforces the policy by making sure the person with the conflict does not participate in the decision making process. Contemporaneous documentation is maintained of how all conflict matters are resolved. The treasurer maintains the records of individual business transactions and relationships reported on the disclosure statements.

Form 990, Page 6, Part VI, Line 19

The organization's form 990 is available for inspection on the publically available website guidestar or by a written request to the foundation's treasurer or president. The organization's governing documents, conflict of interets policy, financial statements and 990 are available for inspection at the treasurer's office by appointment during normal business hours.

Filing and Contact Details

Filer

Filer Name
Cheshire Education Foundation Inc
EIN
06-1442308
Phone
2032721621
Address
PO BOX 7, CHESHIRE, CT 06410

Signing Officer

Name
David a Pelletier CPA
Title
Foundation Treasurer
Phone
2032721621
Signed
2015-05-05

Organization Details

Principal Officer
Jane Leukart
Formed
1995
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Budwitz & Meyerjack Pc
Address
1122 HIGHLAND AVE, CHESHIRE, CT 06410-1654
Preparer
David a Pelletier CPA
Phone
2032721621
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Unrealized gain on investments 33,280

Raw XML Appendix362 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt025021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt030548
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt058152
IRS990ScheduleA/Total509Grp/TotalAmt0166620
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt038908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt042983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt074021
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0234585
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID PELLETIER BARRY FELDMAN TREASURER BOARD MBR. BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 FORM IS REVIEWED BY THE BUDGET AND FINANCE COMMITTEE BEFORE COPIES ARE PRESENTED TO THE BOARD AND ULTIMATE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT OF DISCLOSURE ANNUALLY. THIS DISCLOSURE STATEMENT REQUIRES THE INDIVIDUAL TO ANSWER A SERIES OF QUESTIONS REGARDING TRANSACTIONS, EVENTS AND CIRCUMSTANCES WHICH COULD LEAD TO CONFLICTS OF INTEREST. THE DISCLOSURE STATEMENT ALSO REQUIRES THE INDIVIDUAL TO SIGN THAT THEY HAVE READ AND UNDERSTAND THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. THE COMPLETED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REVIEWED BY THE PRESIDENT AND TREASURER OF THE ORGANIZATION. THE PRESIDENT WILL CONTACT ANY INDIVIDUAL IF THERE ARE QUESTIONS OR ANSWERS TO QUESTIONS ON THE DISCLOSURE STATEMENT THAT NEED CLARIFICATION. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST WITH RESPECT TO A MATTER, THE ORGANIZATION ENFORCES THE POLICY BY MAKING SURE THE PERSON WITH THE CONFLICT DOES NOT PARTICIPATE IN THE DECISION MAKING PROCESS. CONTEMPORANEOUS DOCUMENTATION IS MAINTAINED OF HOW ALL CONFLICT MATTERS ARE RESOLVED. THE TREASURER MAINTAINS THE RECORDS OF INDIVIDUAL BUSINESS TRANSACTIONS AND RELATIONSHIPS REPORTED ON THE DISCLOSURE STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR INSPECTION ON THE PUBLICALLY AVAILABLE WEBSITE GUIDESTAR OR BY A WRITTEN REQUEST TO THE FOUNDATION'S TREASURER OR PRESIDENT. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERETS POLICY, FINANCIAL STATEMENTS AND 990 ARE AVAILABLE FOR INSPECTION AT THE TREASURER'S OFFICE BY APPOINTMENT DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAIN ON INVESTMENTS 33,280
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt030659
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt08800
IRS990/TotalLiabilitiesGrp/EOYAmt010800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0622585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0654677
IRS990/TotalProgramServiceExpensesAmt028999
IRS990/TotalRevenueGrp/ExclusionAmt017581
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt029471
IRS990/TotalVolunteersCnt011
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0665477
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/CityNm0CHESHIRE
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006410
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.CHESHIREED.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID A PELLETIER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDATION TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02032721621
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHESHIRE EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O DAVID A PELLETIER CPA
ReturnHeader/Filer/BusinessNameControlTxt0CHES
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ReturnHeader/Filer/PhoneNum02032721621
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUDWITZ & MEYERJACK PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01122 HIGHLAND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESHIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0064101654
ReturnHeader/PreparerPersonGrp/PhoneNum02032721621
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A PELLETIER CPA
ReturnHeader/ReturnTs02015-05-07T13:44:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.02$0.05$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.01$0.05$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.02$0.05$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.02$0.05$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.39$0.06$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.05$0.03$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.26$0.03$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.78$0.01$0.77$0.03$0.04$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.04$0.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.06$0.02$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.65$0.03$0.03$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$0.08$0.04$0.04
2012Summary only. Only limited summary data is available for this year.$0.56$0.01$0.55$0.04$0.03$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.03