Civic Intelligence

Carroll Education Foundation Inc

990 • Fiscal year 2021 • EIN 20-5550649

Aug 01, 2020 to Jul 31, 2021 • Filed on Dec 14, 2021

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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

29th percentile

0.8%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

32%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,204,621

Up $25,319 (+0.8%) from 2020

Net Assets

Up

$3,204,621

Up $25,319 (+0.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin55th percentile

Revenue

Up

$163,977

Up $39,662 (+32%) from 2020

Expenses

Up

$138,658

Up $21,319 (+18%) from 2020

Net Income

Up

$25,319

Up $18,343 (+263%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2021

Assets$3,204,621
Liabilities$0
Net Assets$3,204,621
Open 2021 Filing

Operations Trend

Revenue Growth67th 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

2021

Revenue$163,977
Expenses$138,658
Net Income$25,319
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Dec 14, 2021
Return Version
2020v4.0
Gross Receipts
$533,807
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$3,161,753$3,174,720▲ $12,967
Savings and Temporary Cash Investments$17,549$29,901▲ $12,352
Total Assets$3,179,302$3,204,621▲ $25,319
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,179,302$3,204,621▲ $25,319
Total Net Assets Fund Balance$3,179,302$3,204,621▲ $25,319
Total Liabilities and Net Assets / Fund Balance$3,179,302$3,204,621▲ $25,319
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,965
Program Service Revenue
$0
Investment Income
$154,012
Other Revenue
$0
All Other Contributions
$9,965
Change in Net Assets
$25,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,954
Other Expenses$24,704
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$113,954--$113,954
Fees for Service Investment Mgmnt Fees-$23,622-$23,622
Fees for Services Accounting-$1,082-$1,082
Total Functional Expenses$113,954$24,704$0$138,658
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
2021-12-14
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
13

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/FactsAndCircumstancesTestTxt0CARROLL EDUCATION FOUNDATION IS AN ORGANIZATION THAT EXISTS TO OFFER SUPPORT FOR HIGHER EDUCATION TO STUDENTS OF CARROLL HIGH SCHOOL AND SUPPORT FOR TEACHER PROJECTS AT THE SAME HIGH SCHOOL. PUBLIC SUPPORT COMES FROM VARIOUS MEMBERS OF THE SURROUNDING COMMUNITY. TOTAL NUMBER OF DONORS FOR THE YEAR ENDED JULY 31, 2020 WAS 43 DONORS. THESE DONORS ARE CURRENT OR FORMER RESIDENTS OF THE SURROUNDING COMMUNITY AND/OR FORMER STUDENTS OF THE LOCAL HIGH SCHOOL. ALL DONORS ARE UNRELATED FROM EACH OTHER AND FROM THE TAXPAYER.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt127
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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 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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATRINA SCAGNOLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05749674113
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-14
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
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ReturnHeader/PreparerPersonGrp/PhoneNum05749674564
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABRAM J JENKINS CPA
ReturnHeader/ReturnTs02021-12-15T15:20:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATRINA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCAGNOLI
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,204,621
Liabilities
$0
Net assets
$3,204,621
Revenue
$163,977
Expenses
$138,658
Net income
$25,319
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