Civic Intelligence

Washington Education Foundation

990 • Fiscal year 2015 • EIN 20-4865986

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 15, 2016

1201 15TH ST NW Room 410Washington, DC 20005

(202) 822-3933

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

93rd percentile

54%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$123,499

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

99th percentile

1173%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

139%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$493,593

Up $454,818 (+1173%) from 2014

Net Assets

Up

$493,593

Up $478,655 (+3204%) from 2014

Liabilities

Down

$0

Down $23,837 (-100%) from 2014

Revenue

Up

$893,634

Up $520,039 (+139%) from 2014

Expenses

Up

$414,979

Up $47,398 (+13%) from 2014

Net Income

Up

$478,655

Up $472,641 (+7859%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $134,968Liabilities 2011: $15,000Net Assets 2011: $119,9682011Assets 2012: $35,738Liabilities 2012: $0Net Assets 2012: $35,7382012Assets 2013: $8,924Liabilities 2013: $0Net Assets 2013: $8,9252013Assets 2014: $38,775Liabilities 2014: $23,837Net Assets 2014: $14,9382014Assets 2015: $493,593Liabilities 2015: $0Net Assets 2015: $493,5932015

Highlighted filing

2015

Assets$493,593
Liabilities$0
Net Assets$493,593

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $503,200Expenses 2011: $366,556Net Income 2011: $136,6442011Revenue 2012: $342,769Expenses 2012: $426,999Net Income 2012: -$84,2302012Revenue 2013: $598,169Expenses 2013: $625,183Net Income 2013: -$27,0142013Revenue 2014: $373,595Expenses 2014: $367,581Net Income 2014: $6,0142014Revenue 2015: $893,634Expenses 2015: $414,979Net Income 2015: $478,6552015

Highlighted filing

2015

Revenue$893,634
Expenses$414,979
Net Income$478,655
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 15, 2016
Return Version
2015v2.1
Gross Receipts
$893,634
Mission and Program Overview

Mission

To support public charter schools excel at k-12 education by providing curriculum development, education technology, testing, and teacher and administrator training.

To conduct research on best eductional practices, and coordinate implementation of the best

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,569$488,279▲ $479,710
Land, Buildings, and Equipment, Net$26,712$1,820▼ $24,892
Total Assets$38,775$493,593▲ $454,818
Other Assets Total$3,494$3,494→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,837--
Total Liabilities$23,837$0▼ $23,837
Net Assets / Fund Balance
Unrestricted Net Assets$14,938$493,593▲ $478,655
Total Net Assets Fund Balance$14,938$493,593▲ $478,655
Total Liabilities and Net Assets / Fund Balance$38,775$493,593▲ $454,818

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,820$4,620$6,440
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hasan KaraburkChief Executive OfficerFT$123,499$123,499

Board Members and Trustees

NameTitle
Necmettin MutluPresident
Serhal AltuncSecretary
Mustafa BozokluTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,575
Program Service Revenue
$709,059
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$478,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,959
Other Expenses$152,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$98,799$24,700-$123,499
Other Salaries and Wages$96,394$24,099-$120,493
Fees for Services Management$39,715$9,929-$49,644
Occupancy$27,562$6,890-$34,452
Travel$20,301$5,075-$25,376
Payroll Taxes$15,174$3,793-$18,967
All Other Expenses$8,434$2,109-$10,543
Fees for Services Accounting$7,684--$7,684
Conferences and Meetings$3,486$871-$4,357
Depreciation Depletion$2,847$712-$3,559
Office Expenses$2,797$699-$3,496
Other Expenses$2,020$505-$2,525
Advertising$2,035--$2,035
Insurance$611--$611
Total Functional Expenses$334,480$80,499$0$414,979
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 SECTION B, Line LINE 11

990 was reviewed as a business item at a regular meeting of the board.

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

All officers, directors and commitee members are required to sign a statement on an annual basis indicating that the person has received, read, understand and agrees with the organizations conflict of interest policy. After the disclosure of a potential conflict of interest, the board of directors will review all material facts and determine if a conflict exists and what steps, if any, should be taken.

Form 990, Part VI, Section SECTION B, Line LINE 15

Process for determination of key employees salaries an outside employment attorney is consulted on the prevailing wage and industry standards of similar organizations. She provides the median wage for comparable positions in washington dc and submits a report with all of the findings. The board of directors independent members than decide the salary and approve it by voting.

Form 990, Part VI, Section SECTION C, Line LINE 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upom request.

Filing and Contact Details

Filer

Filer Name
Washington Education Foundation
EIN
20-4865986
Phone
2028223933
Address
1201 15TH ST NW Room 410, WASHINGTON, DC 20005

Signing Officer

Name
Hasan Karaburk
Title
CEO
Signed
2016-09-15
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
3
Employees
3

Preparer

Firm
Fairfax Tax Services
Address
4041 UNIVERSITY DRIVE SUITE 401, FAIRFAX, VA 22030
Preparer
Giundiuz Osmanov Ea
Phone
7038656161
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line LINE 1

Description of organisation mission practices at its member schools, and provide educational consulting services.

Form 990, Part III, Line LINE 2

New program services assist schools in designing and developing new campuses, perform necessary analysis related to opening of new campuses, assist in the search and identification of potential campus buildings, work with architects to perform value engineering

Form 990, Part III, Line LINE 4A

Program service accomplishments standards, provided acces to educationcity.com which offers bright and colorful online educational ectivities primarily for prek- 6th grade students in math, language arts, science and ell to inspire young minds and promote student achievement and engagement provided access to state of the art productivity software to conduct surveys both online and on the phone.

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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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IRS990/Desc0PROVIDE EDUCATION SERVICES TO 5 MEMBER SCHOOLS 2100 STUDENTS.SERVICES INCLUDED ACADEMIC AND INSTRUCTIONAL MODEL SPECIFICALLY DESIGNED FOR CHARTER AND COLLEGE PREP PRIVATE SCHOOLS SYLLABI DESIGNED SPECIFICALLY FOR THE STEM PROGRAMS ADMINISTERED MAP, OR THE MEASURE OF ACADEMIC PROGRESS, TESTS WHICH HELPED TEACHERS,PARENTS AND ADMINISTRATORS IMROVE LEARNING FOR ALL STUDENTS AND MAKE INFORMED DECISIONS TO PROMOTE A CHILDS ACADEMIC GROWS CONDUCTED PROFESSIONAL TRAINING AND PERFORMANCE EVALUATIONS TWICE A YEAR DURING THE WINTER AND SUMMER BREAKS PROVIDED ACCES TO WEDUF STUDENT INFORMATION SYSTEM WICH OFFERS A UNIQUE PLATFORM FOR ADMINISTRATORS AND TEACHERS TO PLAN, IMPLIMENT AND EVALUATE EDUCATIONAL DELIVERY INCLUDING TEACHER PERFORMANCE EVALUATIONS AND CURRICULAR MAPPING WITH THE STATE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF ORGANISATION MISSION PRACTICES AT ITS MEMBER SCHOOLS, AND PROVIDE EDUCATIONAL CONSULTING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW PROGRAM SERVICES ASSIST SCHOOLS IN DESIGNING AND DEVELOPING NEW CAMPUSES, PERFORM NECESSARY ANALYSIS RELATED TO OPENING OF NEW CAMPUSES, ASSIST IN THE SEARCH AND IDENTIFICATION OF POTENTIAL CAMPUS BUILDINGS, WORK WITH ARCHITECTS TO PERFORM VALUE ENGINEERING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROGRAM SERVICE ACCOMPLISHMENTS STANDARDS, PROVIDED ACCES TO EDUCATIONCITY.COM WHICH OFFERS BRIGHT AND COLORFUL ONLINE EDUCATIONAL ECTIVITIES PRIMARILY FOR PREK- 6TH GRADE STUDENTS IN MATH, LANGUAGE ARTS, SCIENCE AND ELL TO INSPIRE YOUNG MINDS AND PROMOTE STUDENT ACHIEVEMENT AND ENGAGEMENT PROVIDED ACCESS TO STATE OF THE ART PRODUCTIVITY SOFTWARE TO CONDUCT SURVEYS BOTH ONLINE AND ON THE PHONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 WAS REVIEWED AS A BUSINESS ITEM AT A REGULAR MEETING OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OFFICERS, DIRECTORS AND COMMITEE MEMBERS ARE REQUIRED TO SIGN A STATEMENT ON AN ANNUAL BASIS INDICATING THAT THE PERSON HAS RECEIVED, READ, UNDERSTAND AND AGREES WITH THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. AFTER THE DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE BOARD OF DIRECTORS WILL REVIEW ALL MATERIAL FACTS AND DETERMINE IF A CONFLICT EXISTS AND WHAT STEPS, IF ANY, SHOULD BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS FOR DETERMINATION OF KEY EMPLOYEES SALARIES AN OUTSIDE EMPLOYMENT ATTORNEY IS CONSULTED ON THE PREVAILING WAGE AND INDUSTRY STANDARDS OF SIMILAR ORGANIZATIONS. SHE PROVIDES THE MEDIAN WAGE FOR COMPARABLE POSITIONS IN WASHINGTON DC AND SUBMITS A REPORT WITH ALL OF THE FINDINGS. THE BOARD OF DIRECTORS INDEPENDENT MEMBERS THAN DECIDE THE SALARY AND APPROVE IT BY VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPOM REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section SECTION B, Line LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section SECTION B, Line LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section SECTION B, Line LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section SECTION C, Line LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0334480
IRS990/TotalFunctionalExpensesGrp/TotalAmt0414979
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IRS990/TotalProgramServiceExpensesAmt0334480
IRS990/TotalProgramServiceRevenueAmt0709059
IRS990/TotalReportableCompFromOrgAmt0123499
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0709059
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0893634
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0493593
IRS990/TravelGrp/ManagementAndGeneralAmt05075
IRS990/TravelGrp/ProgramServicesAmt020301
IRS990/TravelGrp/TotalAmt025376
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt01201 15TH ST NW SUITE 410
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
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IRS990/WebsiteAddressTxt0WWW.WEFDC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HASAN KARABURK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WASHINGTON EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WASH
ReturnHeader/Filer/EIN0204865986
ReturnHeader/Filer/PhoneNum02028223933
ReturnHeader/Filer/USAddress/AddressLine1Txt01201 15TH ST NW Room 410
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FAIRFAX TAX SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04041 UNIVERSITY DRIVE SUITE 401
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRFAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022030
ReturnHeader/PreparerPersonGrp/PhoneNum07038656161
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GIUNDIUZ OSMANOV EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-09-15T11:53:54-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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