Civic Intelligence

Cheshire Education Foundation Inc.

990 • Fiscal year 2019 • EIN 06-1442308

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

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

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-82%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$874,897

Up $139,291 (+19%) from 2018

Net Assets

Up

$874,897

Up $139,291 (+19%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$46,200

Down $216,703 (-82%) from 2018

Expenses

Down

$31,895

Down $1,866 (-5.5%) from 2018

Net Income

Down

$14,305

Down $214,837 (-94%) from 2018

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

2019

Assets$874,897
Liabilities$0
Net Assets$874,897

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

2019

Revenue$46,200
Expenses$31,895
Net Income$14,305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.0
Gross Receipts
$46,200
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$669,590$794,576▲ $124,986
Savings and Temporary Cash Investments$66,016$80,011▲ $13,995
Total Assets$735,606$874,897▲ $139,291
Other Assets Total-$310-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$735,606$874,897▲ $139,291
Total Net Assets Fund Balance$735,606$874,897▲ $139,291
Total Liabilities and Net Assets / Fund Balance$735,606$874,897▲ $139,291
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jane LeukartPresident
Barry FeldmanDirector
Dennis DeningerDirector
Derek GromkoDirector
Jodi BemisDirector
John F CapponeDirector
Lucy KampfDirector
Martin RauchDirector
Richard LauSecretary
David a PelletierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,360
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$1,814
All Other Contributions
$44,360
Change in Net Assets
$14,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,895
Total Fundraising Expense$560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$900$232-$1,132
Other Expenses$1,045$1,259-$1,045
Fees for Services Other--$560$560
Total Functional Expenses$28,445$2,890$560$31,895
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,814
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 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, 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
Title
Treasurer
Phone
2032721621
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Leukart
Formed
1995
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Budwitz & Meyerjack Pc
Address
1122 HIGHLAND AVE, CHESHIRE, CT 06410-1654
Preparer
David a Pelletier CPA
Phone
2032721621
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 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/ExplanationTxt2THE 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.
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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