Basalt Education Foundation

990EZ • Fiscal year 2017 • EIN 20-1638963

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

Organization Profile www.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.

1.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

1.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

0.0%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Higher top officer pay than 84% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

26%

Faster asset growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

-15%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets94th percentile

Assets

$215,596

Up $44,084 (+26%) from 2016

Net Assets

Flat

$955

Flat from 2016

Liabilities

$214,641

Up $44,084 (+26%) from 2016

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin42nd percentile

Revenue

Down

$198,676

Down $34,858 (-15%) from 2016

Expenses

Down

$198,676

Down $34,858 (-15%) from 2016

Net Income

Flat

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

Highlighted filing

2017

Assets$215,596

Liabilities$214,641

Net Assets$955

Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

Highlighted filing

2017

Revenue$198,676

Expenses$198,676

Net Income$0

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: May 10, 2018
Return Version: 2017v2.2
Gross Receipts: $198,676

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.

Program Services

Description	Grants	Expenses
Basalt Public Schools - Provided funding for scholarships, school supplies, books, technology, extracurricular activities, field trips and other.	$168,661	$168,661

Compensation and Service Providers

Top Officer Pay84th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Erika Leavitt	President	PT	$0	-	-
Alyson Gish	Secretary	PT	$0	-	-
David Briscoe	Treasurer	PT	$0	-	-

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: 2018-05-10
Discuss with paid preparer: Yes

Preparer

Firm: William J Hofto CPA PC
Address: 1101 Village Road Suite LL1D, Carbondale, CO 81623
Preparer: William J Hofto CPA
Phone: 9709638981

Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $19590”

Other Expenses.1002

“Office Expenses $10425”

Other Expenses.1

“Scholarship Awards $168661”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $950”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $1588”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $500 Accounts Payable and Accrued Expenses - Ending $268”

Total Liabilities.1

“Restricted Funds - Beginning $155332 Restricted Funds - Ending $189542”

Total Liabilities.2

“Board Designated Funds - Beginning $14725 Board Designated Funds - Ending $24831”

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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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IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	168661
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
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IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	170557
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	214641
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	198676
IRS990EZ/TotalProgramServiceExpensesAmt	0	168661
IRS990EZ/TotalRevenueAmt	0	198676
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	0	N/A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	0	Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs.
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	198669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	163275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	143018
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	108491
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	50540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	663993
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	663993
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	198669
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Advertising and Promotion $19590
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Office Expenses $10425
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Scholarship Awards $168661
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Accounts Receivable - Beginning $0 Accounts Receivable - Ending $950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $1588
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	Accounts Payable and Accrued Expenses - Beginning $500 Accounts Payable and Accrued Expenses - Ending $268
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	Restricted Funds - Beginning $155332 Restricted Funds - Ending $189542
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	Board Designated Funds - Beginning $14725 Board Designated Funds - Ending $24831
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Expenses.1002
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	Total Liabilities.2
ReturnHeader/BuildTS	0	2018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm	0	Erika Leavitt
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Basalt Education Foundation
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ReturnHeader/Filer/EIN	0	201638963
ReturnHeader/Filer/PhoneNum	0	9702740805
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ReturnHeader/Filer/USAddress/CityNm	0	Basalt
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CO
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1101 Village Road Suite LL1D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Carbondale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CO
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ReturnHeader/PreparerPersonGrp/PhoneNum	0	9709638981
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	William J Hofto CPA
ReturnHeader/ReturnTs	0	2018-05-10T14:58:58-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-01-01
ReturnHeader/TaxPeriodEndDt	0	2017-12-31
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $215,596
Liabilities: $214,641
Net assets: $955
Revenue: $198,676
Expenses: $198,676
Net income: $0

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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