Civic Intelligence

Basalt Education Foundation

990 • Fiscal year 2015 • EIN 20-1638963

Jan 01, 2015 to Dec 31, 2015 • Filed on May 04, 2016

Organization Profilewww.basaltedu.org
PO Box 1278Basalt, CO 81621

(970) 274-0805

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

0.92x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

6th percentile

-75%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$163,262

Up $28,385 (+21%) from 2014

Net Assets

Down

$955

Down $133,622 (-99%) from 2014

Liabilities

Up

$162,307

Up $162,007 (+54002%) from 2014

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin6th percentile

Revenue

Up

$177,022

Up $42,979 (+32%) from 2014

Expenses

Up

$310,644

Up $271,678 (+697%) from 2014

Net Income

Down

-$133,622

Down $228,699 (-241%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$1.0M$500K$0Assets 2011: $11,207Liabilities 2011: $5,5152011Assets 2012: $60,739Liabilities 2012: $55,1692012Assets 2013: $46,000Liabilities 2013: $6,5002013Assets 2014: $134,877Liabilities 2014: $300Net Assets 2014: $134,5772014Assets 2015: $163,262Liabilities 2015: $162,307Net Assets 2015: $9552015Assets 2016: $171,512Liabilities 2016: $170,557Net Assets 2016: $9552016Assets 2017: $215,596Liabilities 2017: $214,641Net Assets 2017: $9552017Assets 2018: $212,779Net Assets 2018: $212,7792018Assets 2019: $450,420Liabilities 2019: $237,641Net Assets 2019: $212,7792019Assets 2020: $508,919Liabilities 2020: $458,959Net Assets 2020: $49,9602020Assets 2021: $633,828Liabilities 2021: $39,166Net Assets 2021: $594,6622021Assets 2022: $662,011Liabilities 2022: $19,169Net Assets 2022: $642,8422022Assets 2023: $747,239Liabilities 2023: $5,000Net Assets 2023: $742,2392023Assets 2024: $738,962Liabilities 2024: $46,755Net Assets 2024: $692,2072024Assets 2025: $880,769Liabilities 2025: $53,300Net Assets 2025: $827,4692025

Highlighted filing

2015

Assets$163,262
Liabilities$162,307
Net Assets$955
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $56,602Expenses 2011: $57,748Net Income 2011: -$1,1462011Revenue 2012: $70,769Expenses 2012: $70,891Net Income 2012: -$1222012Revenue 2013: $93,796Expenses 2013: $59,866Net Income 2013: $33,9302013Revenue 2014: $134,043Expenses 2014: $38,966Net Income 2014: $95,0772014Revenue 2015: $177,022Expenses 2015: $310,644Net Income 2015: -$133,6222015Revenue 2016: $233,534Expenses 2016: $233,534Net Income 2016: $02016Revenue 2017: $198,676Expenses 2017: $198,676Net Income 2017: $02017Revenue 2018: $194,292Expenses 2018: $196,841Net Income 2018: -$2,5492018Revenue 2019: $182,854Expenses 2019: $182,854Net Income 2019: $02019Revenue 2020: $158,372Expenses 2020: $190,644Net Income 2020: -$32,2722020Revenue 2021: $202,925Expenses 2021: $129,276Net Income 2021: $73,6492021Revenue 2022: $259,920Expenses 2022: $163,544Net Income 2022: $96,3762022Revenue 2023: $306,435Expenses 2023: $234,525Net Income 2023: $71,9102023Revenue 2024: $179,107Expenses 2024: $215,907Net Income 2024: -$36,8002024Revenue 2025: $540,586Expenses 2025: $453,504Net Income 2025: $87,0822025

Highlighted filing

2015

Revenue$177,022
Expenses$310,644
Net Income-$133,622
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.0
Gross Receipts
$222,139
Mission and Program Overview

Mission

The Basalt Education Foundation raises funds to enhance education in the Basalt public schools, and seeks to maximize community investment in order to deliver innovative, creative programming and experiences for every student, removing all school budgetary constraints, thus providing students with the highest quality education possible.

The Basalt Education Foundation raises funds to enhance education in the Basalt public schools, and seeks to maximize community investment in order to deliver innovative, creative programming and experiences for every student, removing all school budgetary constraints.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$131,455$163,262▲ $31,807
Pledges and Grants Receivable$3,400$0▼ $3,400
Accounts Receivable$22$0▼ $22
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$134,877$163,262▲ $28,385
Other Assets Total-$0-
Liabilities
Other Liabilities$300$162,307▲ $162,007
Total Liabilities$300$162,307▲ $162,007
Net Assets / Fund Balance
Unrestricted Net Assets$134,577$955▼ $133,622
Total Net Assets Fund Balance$134,577$955▼ $133,622
Total Liabilities and Net Assets / Fund Balance$134,877$163,262▲ $28,385
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Erika LeavittPresident
Lindsay LofaroVice President
Alyson GishSecretary
David BriscoeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,018
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$34,004
All Other Contributions
$128,018
Change in Net Assets
$-133,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$252,291
Other Expenses$58,353
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$252,291--$252,291
Advertising-$16,953-$16,953
Other Expenses-$4,063-$4,063
All Other Expenses-$2,903-$2,903
Insurance-$1,033-$1,033
Office Expenses-$930-$930
Fees for Services Accounting-$400-$400
Total Functional Expenses$252,291$58,353$0$310,644
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$79,121
Fundraising Direct Expenses$45,117
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$79,121$79,121$45,117$34,004
Total Events$79,121$79,121$45,117$34,004
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Restricted Funds$154,617
Board Designated Funds$7,690
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Basalt Education Foundation
EIN
20-1638963
Phone
9702740805
Address
PO Box 1278, Basalt, CO 81621

Signing Officer

Name
Erika Leavitt
Title
President
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
William J Hofto CPA PC
Address
1101 Village Road Suite LL1D, Carbondale, CO 81623
Preparer
William J Hofto CPA
Phone
9709638981
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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/TotalAmt0340967
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0143018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0108491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt025565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt013353
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0340967
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1154617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Board Designated Funds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Restricted Funds
IRS990ScheduleD/TotalLiabilityAmt0162307
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt045117
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt079121
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt079121
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt079121
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt079121
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034004
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt045117
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt045117
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0134877
IRS990/TotalAssetsEOYAmt0163262
IRS990/TotalAssetsGrp/BOYAmt0134877
IRS990/TotalAssetsGrp/EOYAmt0163262
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0143018
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252291
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310644
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0300
IRS990/TotalLiabilitiesEOYAmt0162307
IRS990/TotalLiabilitiesGrp/BOYAmt0300
IRS990/TotalLiabilitiesGrp/EOYAmt0162307
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0134577
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0955
IRS990/TotalProgramServiceExpensesAmt0252291
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177022
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0134877
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0163262
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0134577
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0955
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.basaltedu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Erika Leavitt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Basalt Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0BASA
ReturnHeader/Filer/EIN0201638963
ReturnHeader/Filer/PhoneNum09702740805
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1278
ReturnHeader/Filer/USAddress/CityNm0Basalt
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0William J Hofto CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01101 Village Road Suite LL1D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Carbondale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081623
ReturnHeader/PreparerPersonGrp/PhoneNum09709638981
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William J Hofto CPA
ReturnHeader/ReturnTs02016-05-04T13:36:43-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$163,262
Liabilities
$162,307
Net assets
$955
Revenue
$177,022
Expenses
$310,644
Net income
-$133,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.81$0.53$8.27$5.41$4.54$0.87
2024Detailed filing. Detailed filing data is available for this year.$7.39$0.47$6.92$1.79$2.16$0.37
2023Detailed filing. Detailed filing data is available for this year.$7.47$0.05$7.42$3.06$2.35$0.72
2022Detailed filing. Detailed filing data is available for this year.$6.62$0.19$6.43$2.60$1.64$0.96
2021Detailed filing. Detailed filing data is available for this year.$6.34$0.39$5.95$2.03$1.29$0.74
2020Detailed filing. Detailed filing data is available for this year.$5.09$4.59$0.50$1.58$1.91$0.32
2019Detailed filing. Detailed filing data is available for this year.$4.50$2.38$2.13$1.83$1.83$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.13$2.13$1.94$1.97$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.16$2.15$0.01$1.99$1.99$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.72$1.71$0.01$2.34$2.34$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.63$1.62$0.01$1.77$3.11$1.34
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.34$0.39$0.95
2013Summary only. Only limited summary data is available for this year.$0.46$0.07$0.94$0.60$0.34
2012Summary only. Only limited summary data is available for this year.$0.61$0.55$0.71$0.71$0.00
2011Summary only. Only limited summary data is available for this year.$0.11$0.06$0.57$0.58$0.01