Civic Intelligence

Red Clay Education Foundation

990EZ • Fiscal year 2023 • EIN 20-3453422

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 04, 2023

PO Box 1281Hockessin, DE 19707

(302) 521-0112

Siviq Scores

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

Liabilities / Assets

89th percentile

0.41x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

7.01x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-80%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

61st percentile

7.6%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-64%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$319,207

Up $22,414 (+7.6%) from 2022

Net Assets

Down

$187,238

Down $14,967 (-7.4%) from 2022

Liabilities

Up

$131,969

Up $37,381 (+40%) from 2022

Revenue

Down

$18,818

Down $33,946 (-64%) from 2022

Expenses

Down

$33,785

Down $8,902 (-21%) from 2022

Net Income

Down

-$14,967

Down $25,044 (-249%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2009: $341,652Liabilities 2009: $0Net Assets 2009: $341,6522009Assets 2010: $172,923Liabilities 2010: -$218Net Assets 2010: $173,1412010Assets 2011: $212,939Liabilities 2011: $29,084Net Assets 2011: $183,8552011Assets 2014: $265,098Liabilities 2014: $51,564Net Assets 2014: $213,5342014Assets 2015: $237,821Liabilities 2015: $50,395Net Assets 2015: $187,4262015Assets 2016: $218,714Liabilities 2016: $22,624Net Assets 2016: $196,0902016Assets 2017: $227,173Liabilities 2017: $37,148Net Assets 2017: $190,0252017Assets 2018: $182,759Liabilities 2018: $50,011Net Assets 2018: $132,7482018Assets 2019: $212,382Liabilities 2019: $58,080Net Assets 2019: $154,3022019Assets 2020: $255,035Liabilities 2020: $54,107Net Assets 2020: $200,9282020Assets 2021: $325,305Liabilities 2021: $133,177Net Assets 2021: $192,1282021Assets 2022: $296,793Liabilities 2022: $94,588Net Assets 2022: $202,2052022Assets 2023: $319,207Liabilities 2023: $131,969Net Assets 2023: $187,2382023Assets 2024: $360,075Liabilities 2024: $167,080Net Assets 2024: $192,9952024Assets 2025: $415,773Liabilities 2025: $175,905Net Assets 2025: $239,8682025

Highlighted filing

2023

Assets$319,207
Liabilities$131,969
Net Assets$187,238

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2009: -$110,487Expenses 2009: $260,382Net Income 2009: -$370,8692009Revenue 2010: $8,234Expenses 2010: $176,744Net Income 2010: -$168,5102010Revenue 2011: $13,590Expenses 2011: $2,876Net Income 2011: $10,7142011Revenue 2014: $21,006Expenses 2014: $35,098Net Income 2014: -$14,0922014Revenue 2015: $29,594Expenses 2015: $55,702Net Income 2015: -$26,1082015Revenue 2016: $33,085Expenses 2016: $24,421Net Income 2016: $8,6642016Revenue 2017: $44,929Expenses 2017: $50,994Net Income 2017: -$6,0652017Revenue 2018: $29,224Expenses 2018: $86,501Net Income 2018: -$57,2772018Revenue 2019: $52,426Expenses 2019: $30,872Net Income 2019: $21,5542019Revenue 2020: $65,437Expenses 2020: $18,811Net Income 2020: $46,6262020Revenue 2021: $16,503Expenses 2021: $25,303Net Income 2021: -$8,8002021Revenue 2022: $52,764Expenses 2022: $42,687Net Income 2022: $10,0772022Revenue 2023: $18,818Expenses 2023: $33,785Net Income 2023: -$14,9672023Revenue 2024: $51,745Expenses 2024: $45,988Net Income 2024: $5,7572024Revenue 2025: $96,702Expenses 2025: $49,829Net Income 2025: $46,8732025

Highlighted filing

2023

Revenue$18,818
Expenses$33,785
Net Income-$14,967
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 4, 2023
Return Version
2022v5.0
Gross Receipts
$34,777
Mission and Program Overview

Mission

Support Red Clay Consolidated School District

Program Services

DescriptionGrantsExpenses
Provided benefits, support and resources to the Red Clay Consolidated School District. Supported programs to advance the students educational experiences-$29,977
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roger RoyVice President-$0--
Marguerite E VavallaTreasurer-$0--
David A VoellPresident-$0--
Nello M Paoli JrSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf outing$28,382$28,382$13,264$15,118
Total Events$28,382$28,382$15,959$12,423
Filing and Contact Details

Filer

Filer Name
Red Clay Education Foundation
EIN
20-3453422
Phone
3025210112
Address
PO Box 1281, Hockessin, DE 19707

Signing Officer

Name
Marguerite E Vavalla
Title
Treasurer
Phone
3025210112
Signed
2023-12-04
Discuss with paid preparer
Yes

Preparer

Firm
BurdyKennedy CPAs
Address
P O Box 402, Morgantown, PA 19543
Preparer
Deborah L Burdy
Phone
6102866808
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

Program Service Expenses 29,977

Form 990-EZ, Part I, Line 16, Other Expenses

Investment Expenses 2,722

Form 990-EZ, Part II, Line 26, Liabilities

Unrealized gain/loss Beginning of year 94,588, End of year 131,969

Raw XML Appendix173 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Nello M Paoli Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt032699
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Support Red Clay Consolidated School District
IRS990EZ/PrintingPublicationsPostageAmt0166
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt029977
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TotalExpensesAmt033785
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IRS990EZ/TotalRevenueAmt018818
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IRS990ScheduleA/InvestmentIncomeCYPct00.13390
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Investment Expenses 2,722
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Unrealized gain/loss Beginning of year 94,588, End of year 131,969
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ReturnHeader/Filer/EIN0203453422
ReturnHeader/Filer/PhoneNum03025210112
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ReturnHeader/PreparerPersonGrp/PhoneNum06102866808
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-04
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ReturnHeader/ReturnTs02023-12-04T01:24:33-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Marguerite
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Vavalla
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.16$1.76$2.40$0.97$0.50$0.47
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$1.67$1.93$0.52$0.46$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.19$1.32$1.87$0.19$0.34$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.95$2.02$0.53$0.43$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$1.33$1.92$0.17$0.25$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.54$2.01$0.65$0.19$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.58$1.54$0.52$0.31$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.50$1.33$0.29$0.87$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.37$1.90$0.45$0.51$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.23$1.96$0.33$0.24$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.50$1.87$0.30$0.56$0.26
2014Detailed filing. Detailed filing data is available for this year.$2.65$0.52$2.14$0.21$0.35$0.14
2011Summary only. Only limited summary data is available for this year.$2.13$0.29$1.84$0.14$0.03$0.11
2010Summary only. Only limited summary data is available for this year.$1.73$0.00$1.73$0.08$1.77$1.69
2009Summary only. Only limited summary data is available for this year.$3.42$0.00$3.42$1.10$2.60$3.71