Civic Intelligence

Carroll Education Foundation Inc

990 • Fiscal year 2020 • EIN 20-5550649

Aug 01, 2019 to Jul 31, 2020 • Filed on Nov 19, 2020

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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

51st percentile

5.6%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-43%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,179,302

Up $6,976 (+0.2%) from 2019

Net Assets

Up

$3,179,302

Up $6,976 (+0.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin51st percentile

Revenue

Down

$124,315

Down $94,890 (-43%) from 2019

Expenses

Up

$117,339

Up $12,016 (+11%) from 2019

Net Income

Down

$6,976

Down $106,906 (-94%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2020

Assets$3,179,302
Liabilities$0
Net Assets$3,179,302
Open 2020 Filing

Operations Trend

Revenue Growth10th 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

2020

Revenue$124,315
Expenses$117,339
Net Income$6,976
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Nov 19, 2020
Return Version
2019v5.0
Gross Receipts
$469,793
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$3,097,814$3,161,753▲ $63,939
Savings and Temporary Cash Investments$74,512$17,549▼ $56,963
Total Assets$3,172,326$3,179,302▲ $6,976
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,172,326$3,179,302▲ $6,976
Total Net Assets Fund Balance$3,172,326$3,179,302▲ $6,976
Total Liabilities and Net Assets / Fund Balance$3,172,326$3,179,302▲ $6,976
Compensation and Service Providers
Top Officer Pay37th 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
$14,035
Program Service Revenue
$0
Investment Income
$110,280
Other Revenue
$0
All Other Contributions
$14,035
Change in Net Assets
$6,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,104
Other Expenses$22,235
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$95,104--$95,104
Fees for Service Investment Mgmnt Fees-$21,485-$21,485
Fees for Services Accounting-$750-$750
Total Functional Expenses$95,104$22,235$0$117,339
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 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
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
2020-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katrina Scagnoli
Formed
2006
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
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/CurrentTaxYearMinus2YearsAmt056587
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045069
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IRS990ScheduleA/InvestmentIncomeCYPct00.71000
IRS990ScheduleA/InvestmentIncomePYPct00.07000
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IRS990ScheduleA/PublicSupportCY509Pct00.29060
IRS990ScheduleA/PublicSupportPY509Pct00.92720
IRS990ScheduleA/PublicSupportTotal509Amt0118748
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt014035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt056866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt018885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt013613
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt015349
IRS990ScheduleA/Total509Grp/TotalAmt0118748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt079750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0124638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt075472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt068347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt060418
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0408625
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06434
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt188670
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS FOR SCHOOL PROJECT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt136
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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03179302
IRS990/TotalAssetsGrp/BOYAmt03172326
IRS990/TotalAssetsGrp/EOYAmt03179302
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014035
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022235
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095104
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03179302
IRS990/TotalProgramServiceExpensesAmt095104
IRS990/TotalRevenueGrp/ExclusionAmt0115484
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-5204
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0124315
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03172326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03179302
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0FLORA
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IRS990/WebsiteAddressTxt0WWW.CARROLL.K12.IN.US/INFO/CARROLL-EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATRINA SCAGNOLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05749674113
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARROLL EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CARR
ReturnHeader/Filer/EIN0205550649
ReturnHeader/Filer/PhoneNum05749674113
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ReturnHeader/Filer/USAddress/CityNm0FLORA
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.12.196.42
ReturnHeader/FilingSecurityInformation/IPDt02020-11-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:02:59
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/PreparationDt02020-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABRAM J JENKINS CPA
ReturnHeader/ReturnTs02020-11-20T17:02:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

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
$3,179,302
Liabilities
$0
Net assets
$3,179,302
Revenue
$124,315
Expenses
$117,339
Net income
$6,976
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