Civic Intelligence

Carroll Education Foundation Inc

990 • Fiscal year 2018 • EIN 20-5550649

Aug 01, 2017 to Jul 31, 2018 • Filed on Nov 16, 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

55th percentile

2.4%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

75%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,058,444

Up $71,536 (+2.4%) from 2017

Net Assets

Up

$3,058,444

Up $71,536 (+2.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin90th percentile

Revenue

Up

$153,111

Up $65,525 (+75%) from 2017

Expenses

Up

$81,575

Up $30,498 (+60%) from 2017

Net Income

Up

$71,536

Up $35,027 (+96%) from 2017

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

2018

Assets$3,058,444
Liabilities$0
Net Assets$3,058,444
Open 2018 Filing

Operations Trend

Revenue Growth91st 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

2018

Revenue$153,111
Expenses$81,575
Net Income$71,536
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Nov 16, 2018
Return Version
2017v2.3
Gross Receipts
$525,388
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,953,297$3,039,523▲ $86,226
Cash and Non-Interest-Bearing Accounts$33,611$18,921▼ $14,690
Total Assets$2,986,908$3,058,444▲ $71,536
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,986,908$3,058,444▲ $71,536
Total Net Assets Fund Balance$2,986,908$3,058,444▲ $71,536
Total Liabilities and Net Assets / Fund Balance$2,986,908$3,058,444▲ $71,536
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Katrina ScagnoliPresident
Amy PowlenMember
Dustin NoonkesterMember
Eric JohnsonMember
Glen DillmanMember
Greg KunsMember
Jason OylerMember
Keith ThackeryMember
Maggie SchollMember
Steve KeownMember
Steve MayMember
Beth StephensSecretary
Jay BushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,885
Program Service Revenue
$0
Investment Income
$134,226
Other Revenue
$0
All Other Contributions
$18,885
Change in Net Assets
$71,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,094
Other Expenses$21,481
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$48,777--$48,777
Fees for Service Investment Mgmnt Fees-$20,730-$20,730
Grants to Domestic Orgs$11,317--$11,317
Fees for Services Accounting-$750-$750
Other Expenses-$1-$1
Total Functional Expenses$60,094$21,481$0$81,575
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carroll Consolidated School CorpFlora, INGovFacility Improvement$6,317
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
Backup withholding compliance
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
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

“Anually reviewed and updated by the board.”

Form 990, Page 6, Part VI, Line 19

“Documents are available on our 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
2018-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katrina Scagnoli
Formed
2006
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
16

Preparer

Firm
Fisher & Associates Inc
Address
711 E COLUMBIA ST, FLORA, IN 46929
Preparer
Abram J Jenkins CPA
Phone
5749674564
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 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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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt054734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt045069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02637
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0159027
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02831912
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt018885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt013613
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt015349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02784065
IRS990ScheduleA/Total509Grp/TotalAmt02831912
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt075472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt068347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02786702
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02990939
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt139742
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS FOR SCHOOL PROJECT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt129
IRS990ScheduleI/RecipientTable/CashGrantAmt06317
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FACILITY IMPROVEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CARROLL CONSOLIDATED SCHOOL CORP
IRS990ScheduleI/RecipientTable/RecipientEIN0351463686
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0FLORA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046929
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE AWARDED BASED ON ACTUAL AMOUNTS SPENT. ALL REQUESTS ARE WRITTEN AND SIGNED OFF ON BY TWO AUTHORIZED INDIVIDUALS. DISBURSEMENTS ARE REVIEWED AT QUARTERLY MEETINGS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 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/ExplanationTxt2ANUALLY REVIEWED AND UPDATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE ON OUR 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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02986908
IRS990/TotalAssetsEOYAmt03058444
IRS990/TotalAssetsGrp/BOYAmt02986908
IRS990/TotalAssetsGrp/EOYAmt03058444
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018885
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021481
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060094
IRS990/TotalFunctionalExpensesGrp/TotalAmt081575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02986908
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03058444
IRS990/TotalProgramServiceExpensesAmt060094
IRS990/TotalRevenueGrp/ExclusionAmt0117209
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0153111
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02986908
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03058444
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02986908
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03058444
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 SOUTH 3RD STREET
IRS990/USAddress/CityNm0FLORA
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046929
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.CARROLL.K12.IN.US/INFO/CARROLL-EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATRINA SCAGNOLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05749674113
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-16
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DCFED09FBBC4CE785358AE6AC097EE9D015B5B6B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AD804B223AA40182A9B358A67B9C63D8DB281D04
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.12.196.42
ReturnHeader/FilingSecurityInformation/IPDt02018-11-16
ReturnHeader/FilingSecurityInformation/IPTm009:39:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352060400
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FISHER & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0711 E COLUMBIA ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046929
ReturnHeader/PreparerPersonGrp/PhoneNum05749674564
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABRAM J JENKINS CPA
ReturnHeader/ReturnTs02018-11-21T11:09:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,058,444
Liabilities
$0
Net assets
$3,058,444
Revenue
$153,111
Expenses
$81,575
Net income
$71,536
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