Civic Intelligence

Carroll Education Foundation Inc

990 • Fiscal year 2016 • EIN 20-5550649

Aug 01, 2015 to Jul 31, 2016 • Filed on Dec 08, 2016

Organization ProfileWWW.CARROLL.K12.IN.US/INFO/CARROLL-EDU
2 South 3rd StreetFlora, IN 46929

(574) 967-4113

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

93rd percentile

54%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

55th percentile

2.7%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,950,399

Up $78,500 (+2.7%) from 2015

Net Assets

Up

$2,950,399

Up $78,500 (+2.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin93rd percentile

Revenue

Down

$94,207

Down $2,692,495 (-97%) from 2015

Expenses

Up

$43,636

Up $9,926 (+29%) from 2015

Net Income

Down

$50,571

Down $2,702,421 (-98%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,871,899Liabilities 2015: $0Net Assets 2015: $2,871,8992015Assets 2016: $2,950,399Liabilities 2016: $0Net Assets 2016: $2,950,3992016Assets 2017: $2,986,908Liabilities 2017: $0Net Assets 2017: $2,986,9082017Assets 2018: $3,058,444Liabilities 2018: $0Net Assets 2018: $3,058,4442018Assets 2019: $3,172,326Liabilities 2019: $0Net Assets 2019: $3,172,3262019Assets 2020: $3,179,302Liabilities 2020: $0Net Assets 2020: $3,179,3022020Assets 2021: $3,204,621Liabilities 2021: $0Net Assets 2021: $3,204,6212021Assets 2022: $3,249,707Liabilities 2022: $0Net Assets 2022: $3,249,7072022Assets 2023: $3,270,446Liabilities 2023: $0Net Assets 2023: $3,270,4462023Assets 2024: $3,240,744Liabilities 2024: $0Net Assets 2024: $3,240,7442024Assets 2025: $3,280,449Liabilities 2025: $0Net Assets 2025: $3,280,4492025

Highlighted filing

2016

Assets$2,950,399
Liabilities$0
Net Assets$2,950,399
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,786,702Expenses 2015: $33,710Net Income 2015: $2,752,9922015Revenue 2016: $94,207Expenses 2016: $43,636Net Income 2016: $50,5712016Revenue 2017: $87,586Expenses 2017: $51,077Net Income 2017: $36,5092017Revenue 2018: $153,111Expenses 2018: $81,575Net Income 2018: $71,5362018Revenue 2019: $219,205Expenses 2019: $105,323Net Income 2019: $113,8822019Revenue 2020: $124,315Expenses 2020: $117,339Net Income 2020: $6,9762020Revenue 2021: $163,977Expenses 2021: $138,658Net Income 2021: $25,3192021Revenue 2022: $186,480Expenses 2022: $141,394Net Income 2022: $45,0862022Revenue 2023: $186,908Expenses 2023: $166,169Net Income 2023: $20,7392023Revenue 2024: $146,152Expenses 2024: $175,854Net Income 2024: -$29,7022024Revenue 2025: $252,466Expenses 2025: $212,366Net Income 2025: $40,1002025

Highlighted filing

2016

Revenue$94,207
Expenses$43,636
Net Income$50,571
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Dec 8, 2016
Return Version
2015v2.1
Gross Receipts
$298,992
Mission and Program Overview

Mission

The educational purpose of the foundation is to support and enhance the advancement of education through student scholarships, awards for innovative teacher-driven projects, recognition of outstanding faculty and staff, and providing for non-budgeted school needs. The area of service the geographic area served by carroll consolidated school corporation in executing this purpose. The community purpose of the foundation is to enhance community support for education by promoting awareness of school programs and providing a means for individuals, organizations, and the business community to share resources with the school.

The educational purpose of the foundation is to support and enhance the advancement of education through student scholarships, awards for innovative teacher-driven projects, recognition of outstanding faculty and staff and providing for non-budgeted school needs. The area of service is the geographic area served by carroll consolidated school corporation in executing this purpose. The community purpose of the foundation is to enhance community support for education by promoting awareness of school programs and providing a means for individuals, organizations and the business community to share resources with the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,915,516-
Savings and Temporary Cash Investments$2,871,899$34,883▼ $2,837,016
Total Assets$2,871,899$2,950,399▲ $78,500
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,871,899$2,950,399▲ $78,500
Total Net Assets Fund Balance$2,871,899$2,950,399▲ $78,500
Total Liabilities and Net Assets / Fund Balance$2,871,899$2,950,399▲ $78,500
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Katrina ScagnoliPresident
Amy PowlenMember
Chris LagoniMember
Glen DillmanMember
Jason OylerMember
Steve KeownMember
Steve MayMember
Van TaylorMember
Beth StephensSecretary
Jay BushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,013
Program Service Revenue
$0
Investment Income
$77,194
Other Revenue
$0
All Other Contributions
$17,013
Change in Net Assets
$50,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,120
Other Expenses$18,516
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$25,120--$25,120
Fees for Service Investment Mgmnt Fees-$17,616-$17,616
Fees for Services Accounting-$900-$900
Total Functional Expenses$25,120$18,516$0$43,636
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, Page 6, Part VI, Line 11B

“Board members receive the form 990 to review prior to filing”

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

“Annually reviewed and updated by the board”

Form 990, Page 6, Part VI, Line 19

“Documents are available on the website and upon request”

Filing and Contact Details

Filer

Filer Name
Carroll Education Foundation Inc
EIN
20-5550649
Phone
5749674113
Address
2 SOUTH 3RD STREET, FLORA, IN 46929

Signing Officer

Name
Katrina Scagnoli
Title
President
Phone
5749674113
Signed
2016-12-08

Organization Details

Principal Officer
Katrina Scagnoli
Formed
2006
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
13

Preparer

Firm
Reed & Company Pc
Address
PO BOX 1128, LAFAYETTE, IN 47902-1128
Preparer
Eileen M Cochran
Phone
7657424141
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The educational purpose of the foundation is to support and enhance the advancement of education through student scholarships, awards for innovative teacher-driven projects, recognition of outstanding faculty and staff and providing for non-budgeted school needs. The area of service is the geographic area served by carroll consolidated school corporation in executing this purpose. The community purpose of the foundation is to enhance community support for education by promoting awareness of school programs and providing a means for individuals, organizations and the business community to share resources with the school.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EDUCATIONAL PURPOSE OF THE FOUNDATION IS TO SUPPORT AND ENHANCE THE ADVANCEMENT OF EDUCATION THROUGH STUDENT SCHOLARSHIPS, AWARDS FOR INNOVATIVE TEACHER-DRIVEN PROJECTS, RECOGNITION OF OUTSTANDING FACULTY AND STAFF AND PROVIDING FOR NON-BUDGETED SCHOOL NEEDS. THE AREA OF SERVICE IS THE GEOGRAPHIC AREA SERVED BY CARROLL CONSOLIDATED SCHOOL CORPORATION IN EXECUTING THIS PURPOSE. THE COMMUNITY PURPOSE OF THE FOUNDATION IS TO ENHANCE COMMUNITY SUPPORT FOR EDUCATION BY PROMOTING AWARENESS OF SCHOOL PROGRAMS AND PROVIDING A MEANS FOR INDIVIDUALS, ORGANIZATIONS AND THE BUSINESS COMMUNITY TO SHARE RESOURCES WITH THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS RECEIVE THE FORM 990 TO REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY REVIEWED AND UPDATED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE ON THE WEBSITE AND UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02871899
IRS990/TotalAssetsEOYAmt02950399
IRS990/TotalAssetsGrp/BOYAmt02871899
IRS990/TotalAssetsGrp/EOYAmt02950399
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017013
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018516
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025120
IRS990/TotalFunctionalExpensesGrp/TotalAmt043636
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02871899
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02950399
IRS990/TotalProgramServiceExpensesAmt025120
IRS990/TotalRevenueGrp/ExclusionAmt077194
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt094207
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02871899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02950399
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02871899
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02950399
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 SOUTH 3RD STREET
IRS990/USAddress/CityNm0FLORA
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046929
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CARROLL.K12.IN.US/INFO/CARROLL-EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KATRINA SCAGNOLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05749674113
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARROLL EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CARR
ReturnHeader/Filer/EIN0205550649
ReturnHeader/Filer/PhoneNum05749674113
ReturnHeader/Filer/USAddress/AddressLine1Txt02 SOUTH 3RD STREET
ReturnHeader/Filer/USAddress/CityNm0FLORA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046929
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351583146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REED & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1128
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAFAYETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0479021128
ReturnHeader/PreparerPersonGrp/PhoneNum07657424141
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EILEEN M COCHRAN
ReturnHeader/ReturnTs02016-12-12T10:41:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,950,399
Liabilities
$0
Net assets
$2,950,399
Revenue
$94,207
Expenses
$43,636
Net income
$50,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$0.25$0.21$0.04
2024Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.15$0.18$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.27$0.19$0.17$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$0.19$0.14$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.16$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.12$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.22$0.11$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$0.15$0.08$0.07
2017Summary only. Only limited summary data is available for this year.$2.99$0.00$2.99$0.09$0.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.95$0.00$2.95$0.09$0.04$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$2.79$0.03$2.75