Civic Intelligence

First Community Foundation F/K/A Eastside Community Learning Center

990 • Fiscal year 2019 • EIN 20-4215109

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 08, 2020

3000 North Claymont StreetWilmington, DE 19802-2807

(302) 762-5834

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-93%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$73,934

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,747,804

Down $443,136 (-11%) from 2018

Net Assets

Down

$3,747,804

Down $443,136 (-11%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$495,735

Down $340,800 (-41%) from 2018

Expenses

Up

$956,743

Up $30,996 (+3.3%) from 2018

Net Income

Down

-$461,008

Down $371,796 (-417%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,982,383Liabilities 2011: $16,217Net Assets 2011: $3,966,1662011Assets 2012: $4,182,765Liabilities 2012: $15,439Net Assets 2012: $4,167,3262012Assets 2013: $3,924,649Liabilities 2013: $49,424Net Assets 2013: $3,875,2252013Assets 2014: $4,344,286Liabilities 2014: $83,693Net Assets 2014: $4,260,5932014Assets 2015: $4,163,492Liabilities 2015: $20,693Net Assets 2015: $4,142,7992015Assets 2016: $4,624,736Liabilities 2016: $172,537Net Assets 2016: $4,452,1992016Assets 2017: $4,468,653Liabilities 2017: $22,620Net Assets 2017: $4,446,0332017Assets 2018: $4,190,940Liabilities 2018: $0Net Assets 2018: $4,190,9402018Assets 2019: $3,747,804Liabilities 2019: $0Net Assets 2019: $3,747,8042019Assets 2020: $3,417,453Liabilities 2020: $0Net Assets 2020: $3,417,4532020Assets 2021: $3,510,290Liabilities 2021: $64,067Net Assets 2021: $3,446,2232021Assets 2022: $9,736,066Liabilities 2022: $182,635Net Assets 2022: $9,553,4312022Assets 2023: $14,600,548Liabilities 2023: $63,647Net Assets 2023: $14,536,9012023Assets 2024: $17,125,210Liabilities 2024: $636,538Net Assets 2024: $16,488,6722024

Highlighted filing

2019

Assets$3,747,804
Liabilities$0
Net Assets$3,747,804

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $636,7682011Expenses 2012: $587,9132012Expenses 2013: $712,6742013Revenue 2014: $960,514Expenses 2014: $606,970Net Income 2014: $353,5442014Revenue 2015: $553,469Expenses 2015: $514,338Net Income 2015: $39,1312015Revenue 2016: $943,544Expenses 2016: $622,672Net Income 2016: $320,8722016Revenue 2017: $770,361Expenses 2017: $859,947Net Income 2017: -$89,5862017Revenue 2018: $836,535Expenses 2018: $925,747Net Income 2018: -$89,2122018Revenue 2019: $495,735Expenses 2019: $956,743Net Income 2019: -$461,0082019Revenue 2020: $448,836Expenses 2020: $680,210Net Income 2020: -$231,3742020Revenue 2021: $479,251Expenses 2021: $632,824Net Income 2021: -$153,5732021Revenue 2022: $7,119,554Expenses 2022: $801,650Net Income 2022: $6,317,9042022Revenue 2023: $5,997,560Expenses 2023: $1,108,514Net Income 2023: $4,889,0462023Revenue 2024: $4,263,048Expenses 2024: $2,548,485Net Income 2024: $1,714,5632024

Highlighted filing

2019

Revenue$495,735
Expenses$956,743
Net Income-$461,008
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 8, 2020
Return Version
2018v3.2
Gross Receipts
$820,314
Mission and Program Overview

Mission

The foundation's primary activity is fund raising and any other activities necessary to support the eastside charter school.

Public charter school supporting organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,154,128$1,849,204▼ $304,924
Investments in Publicly Traded Securities$1,921,996$1,759,291▼ $162,705
Cash and Non-Interest-Bearing Accounts$47,794$72,287▲ $24,493
Pledges and Grants Receivable$67,022$67,022→ $0
Total Assets$4,190,940$3,747,804▼ $443,136
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,172,029$2,657,540▼ $514,489
Temporarily Rstr Net Assets$1,018,911$1,090,264▲ $71,353
Total Net Assets Fund Balance$4,190,940$3,747,804▼ $443,136
Total Liabilities and Net Assets / Fund Balance$4,190,940$3,747,804▼ $443,136

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,849,203$2,775,973$4,625,176
Leasehold Improvements$0$22,209$22,209
Land$1-$1

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,018,911$80,000▲ $23,623-$1,090,264
2017$884,407$80,000▲ $75,254-$1,018,911
2016$715,937$80,000▲ $104,153-$884,407
2015$659,645$80,000▼ $4,694-$715,937
2014$612,474$80,000▼ $22,633-$659,645
Compensation and Service Providers

Employees

NameTitleOtherTotal
Aaron BassEx-officio$73,934$73,934

Board Members and Trustees

NameTitle
Jocelyn StewartBoard Chair
Cecil Gordon MdVice Chair
Aki VealBoard Member
Donna G MitchellBoard Member
Hm Chip Sawyer IiiBoard Member
Kim F FortunatoBoard Member
Kristyn DilennoBoard Member
Michael HareBoard Member
Alexis SimmsParent Representative
Charles H Toliver EsqSecretary
Michael WilliamsTeacher Representative
Thomas C HumphreyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$415,796
Program Service Revenue
$0
Investment Income
$79,438
Other Revenue
$501
All Other Contributions
$415,796
Change in Net Assets
$-461,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$591,976
Other Expenses$364,767
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$561,706--$561,706
Depreciation Depletion$304,924--$304,924
All Other Expenses$12,948$26,643-$39,591
Grants to Domestic Individuals$30,270--$30,270
Fees for Services Accounting-$8,500-$8,500
Other Expenses$6,180--$6,180
Office Expenses-$3,510-$3,510
Advertising$2,062--$2,062
Total Functional Expenses$918,090$38,653$0$956,743
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
East Side Charter SchoolWilmington, DE501(c)(3)To Provide Support for the Activities of the Charter School$289,792
Charter School of New CastleNew Castle, DE501(c)(3)To Provide Support for the Activities of the Charter School$271,914
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
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, Part VI, Section A, Line 2

Director sawyer is a principal in westover capital advisors which provides investment advice to ceo mcdowell.

Form 990, Part VI, Section A, Line 6

The foundation's charter and bylaws provide that the directors of the corporation shall also be its "members".

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by the foundation's outside accountants in consultation with the foundation's directors and management. The 990 was made available to all board members for review and comment to the chief executive officer before the filing.

Form 990, Part VI, Section B, Line 12C

Directors complete and file an annual conflict of interest disclosure statement.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Eastside Community Learning Center
EIN
20-4215109
Phone
3027625834
Address
3000 NORTH CLAYMONT STREET, WILMINGTON, DE 19802-2807

Signing Officer

Name
Charles S Mcdowell
Title
Chief Executive Officer
Phone
3027625834
Signed
2020-07-08

Organization Details

Principal Officer
Jocelyn Stewart
Formed
2006
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

Firm
Barbacane Thornton & Company Llp
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810-4866
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Crozier trust has pledged to contribute $80,000 per year for 14 years which began in 2008, to fund scholarships for graduating 8th graders to go to an independent high school. The trust has a veto right over the investment of the endowment funds and the trust has one representative on the school committee which selects the scholarship winners.

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal income taxes. The foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(1). The foundation did not engage in any unrelated business activities during the fiscal year. Management believes it is more likely than not that its tax-exempt status and tax positions will be sustained if examined by authorities.

Raw XML AppendixShowing 400 of 535 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0289792
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0EAST SIDE CHARTER SCHOOL OF WILMINGTON
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0289792
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01849203
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02775973
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04625176
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01018911
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt080000
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt032270
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0715937
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0884407
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0104153
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4694
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt080000
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IRS990ScheduleD/DisclosedForCharitablePrpsInd01
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FundsAndOtherAccountsHeldCnt01
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IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022209
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022209
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CROZIER TRUST HAS PLEDGED TO CONTRIBUTE $80,000 PER YEAR FOR 14 YEARS WHICH BEGAN IN 2008, TO FUND SCHOLARSHIPS FOR GRADUATING 8TH GRADERS TO GO TO AN INDEPENDENT HIGH SCHOOL. THE TRUST HAS A VETO RIGHT OVER THE INVESTMENT OF THE ENDOWMENT FUNDS AND THE TRUST HAS ONE REPRESENTATIVE ON THE SCHOOL COMMITTEE WHICH SELECTS THE SCHOLARSHIP WINNERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01849204
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030270
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/RecipientTable/CashGrantAmt0289792
IRS990ScheduleI/RecipientTable/CashGrantAmt1271914
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EAST SIDE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHARTER SCHOOL OF NEW CASTLE
IRS990ScheduleI/RecipientTable/RecipientEIN0510377733
IRS990ScheduleI/RecipientTable/RecipientEIN1861105534
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03000 NORTH CLAYMONT STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1160 LUKENS DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WILMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW CASTLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019802
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd119720
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MONITORS THE ACTIVITIES OF THE SCHOOLS TO DETERMINE THAT GRANT FUNDS ARE SPENT APPROPRIATELY.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1DURING THE FISCAL YEAR, EASTSIDE CHARTER SCHOOL (SUPPORTED BY THE EASTSIDE COMMUNITY LEARNING CENTER FOUNDATION), PURSUANT TO A CONSULTING AGREEMENT, MANAGED CHARTER SCHOOL OF NEW CASTLE. THE FOUNDATION OBTAINED A GRANT TO PAY A PORTION OF THE CHARTER SCHOOL OF NEW CASTLE'S SHARE OF EASTSIDE CHARTER'S EXPENSE OF PROVIDING SUCH MANAGEMENT. EASTSIDE CHARTER SCHOOL'S MANAGEMENT OF CHARTER SCHOOL OF NEW CASTLE WAS TERMINATED JUNE 30, 2019 IN FAVOR OF A LIMITED SHARED SERVICES ARRANGEMENT
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIP ASSISTANCE TO A GRADUATING 8TH GRADER TO ATTEND AN INDEPENDENT HIGH SCHOOL IS AWARDED TO WINNERS OF THE CROZIER SCHOLARSHIP. THE SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE HIGH SCHOOL. THE BOARD OF DIRECTORS MONITORS THE PERFORMANCE OF THE SCHOLARSHIP STUDENT AT THE HIGH SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR SAWYER IS A PRINCIPAL IN WESTOVER CAPITAL ADVISORS WHICH PROVIDES INVESTMENT ADVICE TO CEO MCDOWELL.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.1$0.64$16.5$4.26$2.55$1.71
2023Detailed filing. Detailed filing data is available for this year.$14.6$0.06$14.5$6.00$1.11$4.89
2022Detailed filing. Detailed filing data is available for this year.$9.74$0.18$9.55$7.12$0.80$6.32
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.06$3.45$0.48$0.63$0.15
2020Detailed filing. Detailed filing data is available for this year.$3.42$0.00$3.42$0.45$0.68$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$0.50$0.96$0.46
2018Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.84$0.93$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.47$0.02$4.45$0.77$0.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.62$0.17$4.45$0.94$0.62$0.32
2015Detailed filing. Detailed filing data is available for this year.$4.16$0.02$4.14$0.55$0.51$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.34$0.08$4.26$0.96$0.61$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.05$3.88$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.02$4.17$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.02$3.97$0.64