Civic Intelligence

Millburn Education Foundation Inc.

990 • Fiscal year 2017 • EIN 22-3242516

Aug 01, 2016 to Jul 31, 2017 • Filed on Sep 23, 2018

P O Box 160Short Hills, NJ 07078

(973) 376-4173

Siviq Scores

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

Liabilities / Assets

94th percentile

0.17x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE T • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.31x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • NTEE T • <$500k nonprofits • Source year 2017

Net Margin

54th percentile

5.5%

Higher net margin than 54% of similar nonprofits.

2017 filings • NTEE T • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2017 filings • NTEE T • <$500k nonprofits • Source year 2017

Asset Growth

55th percentile

0.6%

Faster asset growth than 55% of similar nonprofits.

2017 filings • NTEE T • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

35th percentile

-9.1%

Faster revenue growth than 35% of similar nonprofits.

2017 filings • NTEE T • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$490,899

Up $3,126 (+0.6%) from 2016

Net Assets

Up

$408,650

Up $6,494 (+1.6%) from 2016

Liabilities

Down

$82,249

Down $3,368 (-3.9%) from 2016

Revenue

Down

$261,466

Down $26,148 (-9.1%) from 2016

Expenses

Up

$247,053

Up $50,727 (+26%) from 2016

Net Income

Down

$14,413

Down $76,875 (-84%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $112,363Liabilities 2010: $80,412Net Assets 2010: $31,9512010Assets 2011: $68,568Liabilities 2011: $6,443Net Assets 2011: $62,1252011Assets 2012: $162,858Liabilities 2012: $32,991Net Assets 2012: $129,8672012Assets 2013: $205,864Liabilities 2013: $54,445Net Assets 2013: $151,4192013Assets 2014: $248,195Liabilities 2014: $35,405Net Assets 2014: $212,7902014Assets 2015: $341,225Liabilities 2015: $36,225Net Assets 2015: $305,0002015Assets 2016: $487,773Liabilities 2016: $85,617Net Assets 2016: $402,1562016Assets 2017: $490,899Liabilities 2017: $82,249Net Assets 2017: $408,6502017Assets 2018: $468,092Liabilities 2018: $93,389Net Assets 2018: $374,7032018Assets 2019: $502,453Liabilities 2019: $67,127Net Assets 2019: $435,3262019Assets 2020: $578,511Liabilities 2020: $6,844Net Assets 2020: $571,6672020Assets 2021: $542,938Liabilities 2021: $79,470Net Assets 2021: $463,4682021Assets 2022: $546,001Liabilities 2022: $105,511Net Assets 2022: $440,4902022Assets 2023: $509,157Liabilities 2023: $299,192Net Assets 2023: $209,9652023Assets 2024: $351,340Liabilities 2024: $181,052Net Assets 2024: $170,2882024Assets 2025: $377,117Liabilities 2025: $151,838Net Assets 2025: $225,2792025

Highlighted filing

2017

Assets$490,899
Liabilities$82,249
Net Assets$408,650

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2010: $118,679Expenses 2010: $115,800Net Income 2010: $2,8792010Expenses 2011: $183,6792011Revenue 2012: $241,792Expenses 2012: $174,050Net Income 2012: $67,7422012Expenses 2013: $216,2822013Revenue 2014: $295,750Expenses 2014: $234,379Net Income 2014: $61,3712014Revenue 2015: $330,889Expenses 2015: $238,679Net Income 2015: $92,2102015Revenue 2016: $287,614Expenses 2016: $196,326Net Income 2016: $91,2882016Revenue 2017: $261,466Expenses 2017: $247,053Net Income 2017: $14,4132017Revenue 2018: $325,842Expenses 2018: $352,960Net Income 2018: -$27,1182018Revenue 2019: $226,532Expenses 2019: $171,830Net Income 2019: $54,7022019Revenue 2020: $229,783Expenses 2020: $112,902Net Income 2020: $116,8812020Revenue 2021: $238,678Expenses 2021: $341,746Net Income 2021: -$103,0682021Revenue 2022: $179,318Expenses 2022: $172,303Net Income 2022: $7,0152022Revenue 2023: $273,444Expenses 2023: $492,938Net Income 2023: -$219,4942023Revenue 2024: $179,887Expenses 2024: $219,564Net Income 2024: -$39,6772024Revenue 2025: $233,520Expenses 2025: $178,529Net Income 2025: $54,9912025

Highlighted filing

2017

Revenue$261,466
Expenses$247,053
Net Income$14,413
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Sep 23, 2018
Return Version
2016v3.1
Gross Receipts
$371,265
Mission and Program Overview

Mission

The foundation is dedicated to enhancing continued educational excellence for millburn public schools (new jersey) by providing financial support for innovative and progressive improvements that enrich the academic experience. The foundation's mission is to act as a catalyst to enhance and support learning opportunities for students, provide grants for innovative student programs and activities, provide grants to education staff to establish quality projects, foster community and private sector relationships to support students' educational interests, and procure donations, grants, and funds to support the mission.

To enhance continued educational excellence for millburn public schools (nj) by providing financial support for innovative and progressive improvements that enrich the academic experience. In furtherance of its mission, the foundation's principal goals are: - to foster supportive community and private sector relationships to service the educational interests of the youth in the millburn public schools; - to serve as a catalyst to support and enhance school improvement programs that heighten learning opportunities for students in the millburn public schools; - to provide grants to develop innovative programs and activities in areas such as science and technology, fine and performing arts, language research and culture; - to provide grants to the millburn public school's education staff members to establish quality projects consistent with the goals of the foundation; - to seek grants, donations and funds to support the foundation's goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$257,030$254,693▼ $2,337
Savings and Temporary Cash Investments$230,743$233,749▲ $3,006
Investments Other Securities-$2,457-
Total Assets$487,773$490,899▲ $3,126
Liabilities
Grants Payable$85,353$80,503▼ $4,850
Deferred Revenue-$1,746-
Accounts Payable and Accrued Expenses$264--
Total Liabilities$85,617$82,249▼ $3,368
Net Assets / Fund Balance
Unrestricted Net Assets$402,156$408,650▲ $6,494
Total Net Assets Fund Balance$402,156$408,650▲ $6,494
Total Liabilities and Net Assets / Fund Balance$487,773$490,899▲ $3,126

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$257,030-▲ $120-$157,150
2015$250,557$605▲ $5,868-$257,030
2014$100,400$150,000▲ $157-$250,557
2013$100,200-▲ $200-$100,400
2012-$100,000▲ $200-$100,200
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shannon AronsonChair
Laura PalomakiCo-president
Robin EichlerCo-president
Jason SingerTrustee
John ZeitlerTrustee
Jon GordonTrustee
Katherine FosterTrustee
Micole RichterTrustee
Tom CookTrustee
Simon Westfall-kwongDevelopment
Amy TalbertPast Preside
Sharyn Stein BerezinSecretary
Michelle BergmanVice and Inv
Revenue and Support

Revenue Composition

Contributions and Grants
$253,014
Program Service Revenue
$0
Investment Income
$8,452
Other Revenue
$0
All Other Contributions
$95,155
Change in Net Assets
$14,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$261,466
Revenue Not Reported on Form 990
$30,481
Total Revenue per Audited Statements
$291,947
Total Revenue per Form 990
$261,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$182,639
Total Fundraising Expense$61,789
Professional Fundraising Fees$42,800
Other Expenses$21,614
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$182,639--$182,639
Fees for Services Professional Fundraising--$42,800$42,800
Fees for Services Accounting-$9,439-$9,439
Office Expenses$4,633$1,543-$6,176
Insurance$319$811-$1,130
Information Technology$407--$407
Other Expenses$-14,527-$18,989$-14,527
Total Functional Expenses$173,471$11,793$61,789$247,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$285,453
Expenses per Audited Statements$247,053
Total Expenses per Form 990$247,053
Expenses Not Reported on Form 990$38,400
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Millburn Twp SchoolsMillburn, NJ-See Below$182,639
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$109,799
Fundraising Gross Income$109,799
Professional Fundraising Fees$42,800

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Schools Rock$170,075$51,988$11,034$40,954
Evening of Hono$54,933$33,875$12,627$21,248
Total Events$267,658$109,799$109,799-
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The corporation is organized with members who subscribe to the purposes and basic policies of the corporation, and are current in the payment of the annual dues established by the board of trustees and are over the age of 18 years.

Form 990, Page 6, Part VI, Line 7A

At each annual meeting of the members, the members elect the trustees. The majority vote of the trustees attending any meeting shall bind the corporation.

Form 990, Page 6, Part VI, Line 7B

The members elect the board of trustees and the executive operating board.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

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

Each year, the board members are asked to review the organization's conflict of interest policy. Among other things, the policy makes clear that all decisions of the board, officers, and employees of the organization are made solely on the basis of a desire to promote the best interest of the organization and the public good. The conflict of interest statement requests board members to identify to the best of their knowledge affiliations with organizations that may be potentially related to the financials or other substantive operations of the organization. They are also asked to identify circumstances involving either themselves, or a member of their extended family, that may be construed as a conflict of interest. At the staff level, the organization's personnel also ensure that there are no conflicts of interest when considering the engagement of a new vendor. If a potential conflict is identified, appropriate steps are taken to both assess the nature of the potential conflict and, subsequently, to ensure that the possibility of an actual conflict is mitigated. Such mitigation is managed and the letter and spirit of the conflicts policy are upheld.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, form 1023, form 990, and financial statements are made available to the public upon request. The form 990 (without schedule b) can also be found on several publicly-accessible websites.

Filing and Contact Details

Filer

Filer Name
The Education Foundation of
EIN
22-3242516
Phone
9733764173
Address
P O BOX 160, SHORT HILLS, NJ 07078

Signing Officer

Name
Shannon Aronson
Title
Chair
Phone
9733793439
Signed
2018-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Aronson
Formed
1993
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
150

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To enhance continued educational excellence for millburn public schools (nj) by providing financial support for innovative and progressive improvements that enrich the academic experience. In furtherance of its mission, the foundation's principal goals are: - to foster supportive community and private sector relationships to service the educational interests of the youth in the millburn public schools; - to serve as a catalyst to support and enhance school improvement programs that heighten learning opportunities for students in the millburn public schools; - to provide grants to develop innovative programs and activities in areas such as science and technology, fine and performing arts, language research and culture; - to provide grants to the millburn public school's education staff members to establish quality projects consistent with the goals of the foundation; - to seek grants, donations and funds to support the foundation's goals.

Form 990, Page 1, Part I, Line 6

All aspects of the organization's program, management and fundraising activities are provided entirely by volunteers.

Form 990, Page 2, Part III, Line 4A

6th grade robotics, elizabeth bagish materials of steam, elizabeth bagish : 2500 8th grade microscopes, elizabeth gaffney : 6000 3d printers, michael zsuzsanna : 3200 broadcast leadership materials, michael zsuzsanna : 11,000 washington school school sound systems, marianne bredlau : 36,500 leader in me, peter mercurio : 10,350 deerfield elementary virtual reality, katherine lissy : 5,425 special learning spaces, michele ruggero : 3,500 glenwood elementary classroom sound field systems, david jasin,: 4,000 green steam, lori princiotto : 4,600 hartshorn elementary sound systems, carol esposito : 9,535 south mountain elementary resource room movement chairs, melissa greenberg : 800 virtual reality, sheri sandler : 5,425 standing desks for 3rd grade, maureen sullivan : 2,600 wyoming elementary learning alive plus for kindergarten, diana pulido : 2,300 special grant for principal kristin mueller, efmsh : 6,000 ptoc cultural arts committee special grant for music education appreciation, efmsh : 10,000

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To support the mission of the organization.

Schedule D, Page 3, Part X

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The foundation currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4CO-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-PRESIDENT
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IRS990/MissionDesc0TO ENHANCE CONTINUED EDUCATIONAL EXCELLENCE FOR MILLBURN PUBLIC SCHOOLS (NJ) BY PROVIDING FINANCIAL SUPPORT FOR INNOVATIVE AND PROGRESSIVE IMPROVEMENTS THAT ENRICH THE ACADEMIC EXPERIENCE. IN FURTHERANCE OF ITS MISSION, THE FOUNDATION'S PRINCIPAL GOALS ARE: - TO FOSTER SUPPORTIVE COMMUNITY AND PRIVATE SECTOR RELATIONSHIPS TO SERVICE THE EDUCATIONAL INTERESTS OF THE YOUTH IN THE MILLBURN PUBLIC SCHOOLS; - TO SERVE AS A CATALYST TO SUPPORT AND ENHANCE SCHOOL IMPROVEMENT PROGRAMS THAT HEIGHTEN LEARNING OPPORTUNITIES FOR STUDENTS IN THE MILLBURN PUBLIC SCHOOLS; - TO PROVIDE GRANTS TO DEVELOP INNOVATIVE PROGRAMS AND ACTIVITIES IN AREAS SUCH AS SCIENCE AND TECHNOLOGY, FINE AND PERFORMING ARTS, LANGUAGE RESEARCH AND CULTURE; - TO PROVIDE GRANTS TO THE MILLBURN PUBLIC SCHOOL'S EDUCATION STAFF MEMBERS TO ESTABLISH QUALITY PROJECTS CONSISTENT WITH THE GOALS OF THE FOUNDATION; - TO SEEK GRANTS, DONATIONS AND FUNDS TO SUPPORT THE FOUNDATION'S GOALS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE MISSION OF THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOOLS ROCK
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE BELOW
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MILLBURN TWP SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0VARIOUS MILLBURN TWP SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0434 MILLBURN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0434 MILLBURN AVENUE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S VOLUNTEERS MONITOR THE USE OF THE GRANT AWARDS BASED ON OBSERVATIONS AS THE PARENT-VOLUNTEERS OF THE STUDENTS BEING EDUCATED IN THE SCHOOLS RECEIVING THE AWARDS. GRANTS ARE MADE DIRECTLY TO THE SCHOOLS OR TO VENDORS ON BEHALF OF SCHOOL PROGRAMS. SEE SCHEDULE O.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1MINI-GRANTS : SCHOOL ADMINISTRATORS AND TEACHING STAFF ARE ENCOURAGED TO SUBMIT REQUESTS FOR GRANTS WHICH ADHERE TO THE FOLLOWING GUIDELINES. 1. PROJECTS SHOULD ENHANCE THE ACADEMIC PROGRAM, AND/OR THE CURRICULUM OR STAFF DEVELOPMENT OF THE MILLBURN PUBLIC SCHOOLS. 2. PROJECTS SHOULD ENRICH-NOT DUPLICATE OR REPLACE-THE CURRENT CURRICULUM AND EDUCATIONAL STRUCTURE OF THE MILLBURN PUBLIC SCHOOLS. FOR EFMSH TO CONSIDER FUNDING A PROJECT DROPPED BY THE BOARD OF EDUCATION, THE APPLICANT MUST HAVE RETHOUGHT, UPDATED AND/OR REVAMPED IT. 3. PROJECTS SHOULD REFLECT THE GOALS OF THE MILLBURN BOARD OF EDUCATION AND MUST HAVE THE SUPPORT OF A BUILDING SUPERVISOR AND APPROPRIATE CURRICULUM PERSONNEL. 4. PROJECTS SHOULD BE IN AREAS WHERE IT IS POSSIBLE TO DETERMINE AND JUDGE THE RESULTS BY SOME MEASURE OF QUALITY. 5. PROJECTS SHOULD BE BASED ON ONE YEAR OF FUNDING. IF MULTIPLE YEARS OF FUNDING ARE NEEDED, A NEW PROPOSAL MUST BE SUBMITTED EACH YEAR AND WILL BE SUBJECT TO THE SAME REVIEW PROCESS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
IRS990ScheduleI/Total501c3OrgCnt08
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENHANCE CONTINUED EDUCATIONAL EXCELLENCE FOR MILLBURN PUBLIC SCHOOLS (NJ) BY PROVIDING FINANCIAL SUPPORT FOR INNOVATIVE AND PROGRESSIVE IMPROVEMENTS THAT ENRICH THE ACADEMIC EXPERIENCE. IN FURTHERANCE OF ITS MISSION, THE FOUNDATION'S PRINCIPAL GOALS ARE: - TO FOSTER SUPPORTIVE COMMUNITY AND PRIVATE SECTOR RELATIONSHIPS TO SERVICE THE EDUCATIONAL INTERESTS OF THE YOUTH IN THE MILLBURN PUBLIC SCHOOLS; - TO SERVE AS A CATALYST TO SUPPORT AND ENHANCE SCHOOL IMPROVEMENT PROGRAMS THAT HEIGHTEN LEARNING OPPORTUNITIES FOR STUDENTS IN THE MILLBURN PUBLIC SCHOOLS; - TO PROVIDE GRANTS TO DEVELOP INNOVATIVE PROGRAMS AND ACTIVITIES IN AREAS SUCH AS SCIENCE AND TECHNOLOGY, FINE AND PERFORMING ARTS, LANGUAGE RESEARCH AND CULTURE; - TO PROVIDE GRANTS TO THE MILLBURN PUBLIC SCHOOL'S EDUCATION STAFF MEMBERS TO ESTABLISH QUALITY PROJECTS CONSISTENT WITH THE GOALS OF THE FOUNDATION; - TO SEEK GRANTS, DONATIONS AND FUNDS TO SUPPORT THE FOUNDATION'S GOALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL ASPECTS OF THE ORGANIZATION'S PROGRAM, MANAGEMENT AND FUNDRAISING ACTIVITIES ARE PROVIDED ENTIRELY BY VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26TH GRADE ROBOTICS, ELIZABETH BAGISH MATERIALS OF STEAM, ELIZABETH BAGISH : 2500 8TH GRADE MICROSCOPES, ELIZABETH GAFFNEY : 6000 3D PRINTERS, MICHAEL ZSUZSANNA : 3200 BROADCAST LEADERSHIP MATERIALS, MICHAEL ZSUZSANNA : 11,000 WASHINGTON SCHOOL SCHOOL SOUND SYSTEMS, MARIANNE BREDLAU : 36,500 LEADER IN ME, PETER MERCURIO : 10,350 DEERFIELD ELEMENTARY VIRTUAL REALITY, KATHERINE LISSY : 5,425 SPECIAL LEARNING SPACES, MICHELE RUGGERO : 3,500 GLENWOOD ELEMENTARY CLASSROOM SOUND FIELD SYSTEMS, DAVID JASIN,: 4,000 GREEN STEAM, LORI PRINCIOTTO : 4,600 HARTSHORN ELEMENTARY SOUND SYSTEMS, CAROL ESPOSITO : 9,535 SOUTH MOUNTAIN ELEMENTARY RESOURCE ROOM MOVEMENT CHAIRS, MELISSA GREENBERG : 800 VIRTUAL REALITY, SHERI SANDLER : 5,425 STANDING DESKS FOR 3RD GRADE, MAUREEN SULLIVAN : 2,600 WYOMING ELEMENTARY LEARNING ALIVE PLUS FOR KINDERGARTEN, DIANA PULIDO : 2,300 SPECIAL GRANT FOR PRINCIPAL KRISTIN MUELLER, EFMSH : 6,000 PTOC CULTURAL ARTS COMMITTEE SPECIAL GRANT FOR MUSIC EDUCATION APPRECIATION, EFMSH : 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION IS ORGANIZED WITH MEMBERS WHO SUBSCRIBE TO THE PURPOSES AND BASIC POLICIES OF THE CORPORATION, AND ARE CURRENT IN THE PAYMENT OF THE ANNUAL DUES ESTABLISHED BY THE BOARD OF TRUSTEES AND ARE OVER THE AGE OF 18 YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT EACH ANNUAL MEETING OF THE MEMBERS, THE MEMBERS ELECT THE TRUSTEES. THE MAJORITY VOTE OF THE TRUSTEES ATTENDING ANY MEETING SHALL BIND THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS ELECT THE BOARD OF TRUSTEES AND THE EXECUTIVE OPERATING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EACH YEAR, THE BOARD MEMBERS ARE ASKED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. AMONG OTHER THINGS, THE POLICY MAKES CLEAR THAT ALL DECISIONS OF THE BOARD, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION ARE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTEREST OF THE ORGANIZATION AND THE PUBLIC GOOD. THE CONFLICT OF INTEREST STATEMENT REQUESTS BOARD MEMBERS TO IDENTIFY TO THE BEST OF THEIR KNOWLEDGE AFFILIATIONS WITH ORGANIZATIONS THAT MAY BE POTENTIALLY RELATED TO THE FINANCIALS OR OTHER SUBSTANTIVE OPERATIONS OF THE ORGANIZATION. THEY ARE ALSO ASKED TO IDENTIFY CIRCUMSTANCES INVOLVING EITHER THEMSELVES, OR A MEMBER OF THEIR EXTENDED FAMILY, THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. AT THE STAFF LEVEL, THE ORGANIZATION'S PERSONNEL ALSO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST WHEN CONSIDERING THE ENGAGEMENT OF A NEW VENDOR. IF A POTENTIAL CONFLICT IS IDENTIFIED, APPROPRIATE STEPS ARE TAKEN TO BOTH ASSESS THE NATURE OF THE POTENTIAL CONFLICT AND, SUBSEQUENTLY, TO ENSURE THAT THE POSSIBILITY OF AN ACTUAL CONFLICT IS MITIGATED. SUCH MITIGATION IS MANAGED AND THE LETTER AND SPIRIT OF THE CONFLICTS POLICY ARE UPHELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION'S GOVERNING DOCUMENTS, FORM 1023, FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 (WITHOUT SCHEDULE B) CAN ALSO BE FOUND ON SEVERAL PUBLICLY-ACCESSIBLE WEBSITES.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.77$1.52$2.25$2.34$1.79$0.55
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$1.81$1.70$1.80$2.20$0.40
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$2.99$2.10$2.73$4.93$2.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$1.06$4.40$1.79$1.72$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.79$4.63$2.39$3.42$1.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$0.07$5.72$2.30$1.13$1.17
2019Summary only. Only limited summary data is available for this year.$5.02$0.67$4.35$2.27$1.72$0.55
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$0.93$3.75$3.26$3.53$0.27
2017Detailed filing. Detailed filing data is available for this year.$4.91$0.82$4.09$2.61$2.47$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.88$0.86$4.02$2.88$1.96$0.91
2015Detailed filing. Detailed filing data is available for this year.$3.41$0.36$3.05$3.31$2.39$0.92
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.35$2.13$2.96$2.34$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.54$1.51$2.16
2012Summary only. Only limited summary data is available for this year.$1.63$0.33$1.30$2.42$1.74$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.06$0.62$1.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.80$0.32$1.19$1.16$0.03