Civic Intelligence

Education Consumers Foundation C/O East Tennessee Foundation

990 • Fiscal year 2020 • EIN 20-3859268

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.EDUCATION-CONSUMERS.COM
520 W Summit Hill Dr Suite 1101Knoxville, TN 37902

(865) 524-1223

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.09x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-420%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

18th percentile

-22%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-28%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$245,935

Down $71,034 (-22%) from 2019

Net Assets

Down

$244,559

Down $70,228 (-22%) from 2019

Liabilities

Down

$1,376

Down $806 (-37%) from 2019

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin3rd percentile

Revenue

Down

$16,188

Down $6,160 (-28%) from 2019

Expenses

Up

$84,185

Up $250 (+0.3%) from 2019

Net Income

Down

-$67,997

Down $6,410 (-10%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,317,297Liabilities 2011: $0Net Assets 2011: $1,317,2972011Assets 2012: $1,239,021Liabilities 2012: $0Net Assets 2012: $1,239,0212012Assets 2013: $1,084,634Liabilities 2013: $0Net Assets 2013: $1,084,6342013Assets 2014: $889,101Liabilities 2014: $365Net Assets 2014: $888,7362014Assets 2015: $732,102Liabilities 2015: $5,194Net Assets 2015: $726,9082015Assets 2016: $584,519Liabilities 2016: $4,219Net Assets 2016: $580,3002016Assets 2017: $487,731Liabilities 2017: $0Net Assets 2017: $487,7312017Assets 2018: $356,663Liabilities 2018: $0Net Assets 2018: $356,6632018Assets 2019: $316,969Liabilities 2019: $2,182Net Assets 2019: $314,7872019Assets 2020: $245,935Liabilities 2020: $1,376Net Assets 2020: $244,5592020Assets 2021: $171,609Liabilities 2021: $1,128Net Assets 2021: $170,4812021Assets 2022: $181,913Liabilities 2022: $0Net Assets 2022: $181,9132022Assets 2023: $128,962Liabilities 2023: $0Net Assets 2023: $128,9622023Assets 2024: $122,478Liabilities 2024: $0Net Assets 2024: $122,4782024

Highlighted filing

2020

Assets$245,935
Liabilities$1,376
Net Assets$244,559
Open 2020 Filing

Operations Trend

Revenue Growth38th percentile

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

$400K$200K$0-$200KRevenue 2011: $228,863Expenses 2011: $324,705Net Income 2011: -$95,8422011Revenue 2012: $247,150Expenses 2012: $347,414Net Income 2012: -$100,2642012Revenue 2013: $149,599Expenses 2013: $295,541Net Income 2013: -$145,9422013Revenue 2014: $151,216Expenses 2014: $331,810Net Income 2014: -$180,5942014Revenue 2015: $26,063Expenses 2015: $179,403Net Income 2015: -$153,3402015Revenue 2016: $45,503Expenses 2016: $227,707Net Income 2016: -$182,2042016Revenue 2017: $36,232Expenses 2017: $144,285Net Income 2017: -$108,0532017Revenue 2018: $16,957Expenses 2018: $118,758Net Income 2018: -$101,8012018Revenue 2019: $22,348Expenses 2019: $83,935Net Income 2019: -$61,5872019Revenue 2020: $16,188Expenses 2020: $84,185Net Income 2020: -$67,9972020Revenue 2021: $26,766Expenses 2021: $85,704Net Income 2021: -$58,9382021Revenue 2022: $101,809Expenses 2022: $78,558Net Income 2022: $23,2512022Revenue 2023: -$1,595Expenses 2023: $62,891Net Income 2023: -$64,4862023Revenue 2024: $39,828Expenses 2024: $52,296Net Income 2024: -$12,4682024

Highlighted filing

2020

Revenue$16,188
Expenses$84,185
Net Income-$67,997
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$99,910
Mission and Program Overview

Mission

Ecf was created to advance the interests of parent groups, school boards, college trustees, legislative committees, and civic organizations by gathering and disseminating information about education policy and practice

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$311,681$245,146▼ $66,535
Cash and Non-Interest-Bearing Accounts$3,106--
Accounts Receivable$2,182$789▼ $1,393
Total Assets$316,969$245,935▼ $71,034
Liabilities
Accounts Payable and Accrued Expenses$2,182$1,376▼ $806
Total Liabilities$2,182$1,376▼ $806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$314,787$244,559▼ $70,228
Total Net Assets Fund Balance$314,787$244,559▼ $70,228
Total Liabilities and Net Assets / Fund Balance$316,969$245,935▼ $71,034

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$314,787$122▲ $13,836$54,477$244,560
2019$356,663$1,804▲ $40,255$53,634$314,787
2018$487,731$257▼ $12,567$108,137$356,663
2017$580,299$3,046▲ $48,671$131,701$487,731
2016$726,908$27,690▲ $53,409$212,504$580,299
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John E StonePresident
Ann MactierDirector
George CunninghamDirector
Marilyn ReedDirector
Mark Y HerringDirector
Shepard BarbashDirector
Robert S SpanglerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$16,066
Other Revenue
$122
Change in Net Assets
$-67,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,387
Salaries, Compensation, and Employee Benefits$34,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,938$15,938-$31,876
Advertising$16,078--$16,078
Fees for Services Management$9,971$5,711-$15,682
Occupancy$4,703$1,176-$5,879
Office Expenses$3,393$1,077-$4,470
Fees for Service Investment Mgmnt Fees-$3,370-$3,370
Information Technology$2,369$592-$2,961
Payroll Taxes$1,461$1,461-$2,922
Insurance$383$383-$766
Fees for Services Other$160--$160
Other Expenses$21--$21
Total Functional Expenses$54,477$29,708$0$84,185
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The executive vice president of east tennessee foundation reviews the form 990 and forwards a copy to all board members via email. The form is also sent to the president of education consumers foundation for review and signature.”

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

“Officers, directors, and key employees are asked to complete an annual conflict of interest disclosure form, which is kept on file in the foundation office. If officers and directors have a conflict of interest regarding an issue which is before the board, they are asked to disclose the conflict and recuse themselves from participation in discussion and voting on that item; such recusals are documented.”

Form 990, Page 6, Part VI, Line 19

“Education consumers foundation makes these documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Education Consumers Foundation
EIN
20-3859268
Phone
8655241223
Address
520 W SUMMIT HILL DR SUITE 1101, KNOXVILLE, TN 37902

Signing Officer

Name
John E Stone
Title
President
Phone
8655241223
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Stone
Formed
2005
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
James E Booher CPA
Phone
8656378600
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Seven individuals served in 2020 as volunteers on the foundation's board of directors.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The foundation's endowment provides ongoing funding to gather and diseminate information to the public about education policy and practice”

Schedule D, Page 3, Part X

“Under accounting standards, an organization must recognize tax benefits associated with tax taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by taxing authorities. There were no unrecognized tax benefits identified or recorded as liabilities for 2019 and 2020.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT PROVIDES ONGOING FUNDING TO GATHER AND DISEMINATE INFORMATION TO THE PUBLIC ABOUT EDUCATION POLICY AND PRACTICE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNDER ACCOUNTING STANDARDS, AN ORGANIZATION MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR 2019 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVEN INDIVIDUALS SERVED IN 2020 AS VOLUNTEERS ON THE FOUNDATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE VICE PRESIDENT OF EAST TENNESSEE FOUNDATION REVIEWS THE FORM 990 AND FORWARDS A COPY TO ALL BOARD MEMBERS VIA EMAIL. THE FORM IS ALSO SENT TO THE PRESIDENT OF EDUCATION CONSUMERS FOUNDATION FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE ASKED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS KEPT ON FILE IN THE FOUNDATION OFFICE. IF OFFICERS AND DIRECTORS HAVE A CONFLICT OF INTEREST REGARDING AN ISSUE WHICH IS BEFORE THE BOARD, THEY ARE ASKED TO DISCLOSE THE CONFLICT AND RECUSE THEMSELVES FROM PARTICIPATION IN DISCUSSION AND VOTING ON THAT ITEM; SUCH RECUSALS ARE DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EDUCATION CONSUMERS FOUNDATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,935
Liabilities
$1,376
Net assets
$244,559
Revenue
$16,188
Expenses
$84,185
Net income
-$67,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.04$0.05$0.01
2023Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.00$0.06$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.10$0.08$0.02
2021Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$0.03$0.09$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.24$0.02$0.08$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.31$0.02$0.08$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.02$0.12$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.00$0.49$0.04$0.14$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.05$0.23$0.18
2015Summary only. Only limited summary data is available for this year.$0.73$0.01$0.73$0.03$0.18$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.15$0.33$0.18
2013Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.15$0.30$0.15
2012Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.25$0.35$0.10
2011Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$0.23$0.32$0.10