Civic Intelligence

Elizabethtown Area Education Foundation

990 • Fiscal year 2017 • EIN 23-2488103

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 25, 2017

600 East High StreetElizabethtown, PA 17022

(717) 367-1521

Siviq Scores

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

Liabilities / Assets

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.82x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

2nd percentile

-189%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

31st percentile

-2.4%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-23%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$798,478

Down $19,890 (-2.4%) from 2016

Net Assets

Down

$771,778

Down $27,840 (-3.5%) from 2016

Liabilities

Up

$26,700

Up $7,950 (+42%) from 2016

Revenue

Down

$32,609

Down $9,765 (-23%) from 2016

Expenses

Down

$94,238

Down $120,355 (-56%) from 2016

Net Income

Up

-$61,629

Up $110,590 (+64%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $345,875Liabilities 2011: $9,075Net Assets 2011: $336,8002011Assets 2012: $721,919Liabilities 2012: $6,952Net Assets 2012: $714,9672012Assets 2013: $1,755,428Liabilities 2013: $15,096Net Assets 2013: $1,740,3322013Assets 2014: $1,147,557Liabilities 2014: $16,750Net Assets 2014: $1,130,8072014Assets 2015: $1,025,561Liabilities 2015: $18,050Net Assets 2015: $1,007,5112015Assets 2016: $818,368Liabilities 2016: $18,750Net Assets 2016: $799,6182016Assets 2017: $798,478Liabilities 2017: $26,700Net Assets 2017: $771,7782017Assets 2018: $880,216Liabilities 2018: $71,007Net Assets 2018: $809,2092018Assets 2019: $889,054Liabilities 2019: $50,791Net Assets 2019: $838,2632019Assets 2020: $858,201Liabilities 2020: $61,896Net Assets 2020: $796,3052020Assets 2021: $1,140,615Liabilities 2021: $63,050Net Assets 2021: $1,077,5652021Assets 2022: $968,258Liabilities 2022: $71,550Net Assets 2022: $896,7082022Assets 2023: $992,643Liabilities 2023: $78,250Net Assets 2023: $914,3932023Assets 2024: $1,188,242Liabilities 2024: $84,250Net Assets 2024: $1,103,9922024Assets 2025: $1,326,649Liabilities 2025: $86,250Net Assets 2025: $1,240,3992025

Highlighted filing

2017

Assets$798,478
Liabilities$26,700
Net Assets$771,778

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $107,3192011Revenue 2012: $491,647Expenses 2012: $113,480Net Income 2012: $378,1672012Expenses 2013: $38,9332013Revenue 2014: $86,587Expenses 2014: $744,713Net Income 2014: -$658,1262014Revenue 2015: $76,972Expenses 2015: $192,952Net Income 2015: -$115,9802015Revenue 2016: $42,374Expenses 2016: $214,593Net Income 2016: -$172,2192016Revenue 2017: $32,609Expenses 2017: $94,238Net Income 2017: -$61,6292017Revenue 2018: $96,738Expenses 2018: $72,272Net Income 2018: $24,4662018Revenue 2019: $54,011Expenses 2019: $88,860Net Income 2019: -$34,8492019Revenue 2020: $36,113Expenses 2020: $87,327Net Income 2020: -$51,2142020Revenue 2021: $118,143Expenses 2021: $39,118Net Income 2021: $79,0252021Revenue 2022: $85,020Expenses 2022: $101,803Net Income 2022: -$16,7832022Revenue 2023: $89,703Expenses 2023: $114,734Net Income 2023: -$25,0312023Revenue 2024: $402,839Expenses 2024: $57,041Net Income 2024: $345,7982024Revenue 2025: $165,069Expenses 2025: $126,362Net Income 2025: $38,7072025

Highlighted filing

2017

Revenue$32,609
Expenses$94,238
Net Income-$61,629
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 25, 2017
Return Version
2016v3.0
Gross Receipts
$32,609
Mission and Program Overview

Mission

Elizabethtown area education foundation will secure funding and award monies to provide supplemental resources that will enrich and enhance teaching and learning in the elizabethtown area school district and help prepare students for the twenty-first century.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$669,867$720,676▲ $50,809
Savings and Temporary Cash Investments$95,954$65,361▼ $30,593
Pledges and Grants Receivable$52,419$12,300▼ $40,119
Total Assets$818,368$798,478▼ $19,890
Other Assets Total$128$141▲ $13
Liabilities
Accounts Payable and Accrued Expenses$18,750$26,700▲ $7,950
Total Liabilities$18,750$26,700▲ $7,950
Net Assets / Fund Balance
Temporarily Rstr Net Assets$753,785$722,472▼ $31,313
Unrestricted Net Assets$45,692$49,165▲ $3,473
Permanently Rstr Net Assets$141$141→ $0
Total Net Assets Fund Balance$799,618$771,778▼ $27,840
Total Liabilities and Net Assets / Fund Balance$818,368$798,478▼ $19,890

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$647,138$1,250▲ $27,907-$656,296
2014$651,259-▲ $11,026-$647,138
2013$601,747$100▲ $63,158-$651,259
2012-$605,033▲ $379-$601,747
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael WormanPresident
Joseph MurphyV President
Barbara AndrewsDirector
Bernadette HohenadelDirector
Derek WeilerDirector
Gail ViscomeDirector
Lisa DolanDirector
Michele BallietDirector
Robert EnckDirector
Troy PortserSecretary
James MccurdyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,657
Program Service Revenue
$0
Investment Income
$18,952
Other Revenue
$0
All Other Contributions
$13,657
Change in Net Assets
$-61,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$85,443
Other Expenses$8,795
Total Fundraising Expense$760
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$59,443--$59,443
Grants to Domestic Individuals$26,000--$26,000
Other Expenses-$5,335$760$6,095
Fees for Services Accounting-$2,700-$2,700
Total Functional Expenses$85,443$8,035$760$94,238
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Elizabethtown Area School DistrictElizabethtown, PA-Athletic Facilities$58,000
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Management duties delegated
No

Governance Explanations

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

The president and treasurer review and approve the form 990 and make it available to the board for review.

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

The board annually reviews any conflicts of interest in accordance with the foundation's policy.

Form 990, Page 6, Part VI, Line 19

The governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Elizabethtown Area Education
EIN
23-2488103
Phone
7173671521
Address
600 EAST HIGH STREET, ELIZABETHTOWN, PA 17022

Signing Officer

Name
Michael Worman
Title
President
Phone
7173671521
Signed
2017-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Worman
Formed
1987
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
14

Preparer

Firm
Sager Swisher & Company Llp
Address
15 NORTH THIRD STREET, COLUMBIA, PA 17512
Preparer
Michael L Reiner
Phone
7176842077
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Elizabethtown area education foundation will secure funding and award monies to provide supplemental resources that will enrich and enhance teaching and learning in the elizabethtown area school district and help prepare students for the twenty-first century.

Form 990, Part XI, Line 9

Losses on uncollectible pledges -4,096

Financial Statement Notes

Schedule D, Page 3, Part X

The corporation has adopted the provisions of the fasb asc topic relating to income taxes, relating to accounting for uncertainty in income taxes. The corporation recognizes the benefits or liabilities associated with a tax position during the period which, based on available evidence, management believes it is more likely than not that the position will be upheld upon examination. Tax positions that are other than routine business transactions are reevaluated annually. Generally, the statute of limitations for filing returns is three years from the date of filing. Management is not aware of any uncertain tax positions taken by the corporation.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS ADOPTED THE PROVISIONS OF THE FASB ASC TOPIC RELATING TO INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE CORPORATION RECOGNIZES THE BENEFITS OR LIABILITIES ASSOCIATED WITH A TAX POSITION DURING THE PERIOD WHICH, BASED ON AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE UPHELD UPON EXAMINATION. TAX POSITIONS THAT ARE OTHER THAN ROUTINE BUSINESS TRANSACTIONS ARE REEVALUATED ANNUALLY. GENERALLY, THE STATUTE OF LIMITATIONS FOR FILING RETURNS IS THREE YEARS FROM THE DATE OF FILING. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS TAKEN BY THE CORPORATION.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ELIZABETHTOWN AREA EDUCATION FOUNDATION HAS A COMMITTEE THAT OVERSEES AND ADMINISTERS THE EDUCATION CLASSROOM GRANTS. ALL APPLICATIONS ARE APPROVED BY THE ELIZABETHTOWN AREA SCHOOL DISTRICT'S PRINCIPALS AND ADMINISTRATORS PRIOR TO PRESENTATION BEFORE THE FOUNDATION'S COMMITTEE. THE COMMITTEE DETERMINES WHICH GRANTS WILL BE FUNDED AND FORWARDS THE LIST OF APPROVED GRANTS TO THE DISTRICT. THE DISTRICT PAYS ALL THE GRANT INVOICES DIRECTLY AND THE FOUNDATION REIMBURSES THE SCHOOL DISTRICT. THE SCHOOL DISTRICT AND FOUNDATION REVIEW INVOICES AND DETERMINE THAT THE EXPENSES ARE CONSISTENT WITH THE GRANT AWARDS. THE ELIZABETHTOWN AREA EDUCATION FOUNDATION HAS A COMMITTEE THAT ADMINISTERS THE SCHOLARSHIP PROGRAM. SCHOLARSHIPS ARE AWARDED BASED ON THE RECOMMENDATIONS OF THE COMMITTEE. ONCE A SCHOLARSHIP IS AWARDED, THE STUDENT MUST PROVE THAT HE/SHE IS ENROLLED IN A COLLEGE OR UNIVERSITY. UPON PROOF OF ENROLLMENT, THE FOUNDATION MAKES A CHECK PAYABLE DIRECTLY TO THE COLLEGE OR UNIVERSITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELIZABETHTOWN AREA EDUCATION FOUNDATION WILL SECURE FUNDING AND AWARD MONIES TO PROVIDE SUPPLEMENTAL RESOURCES THAT WILL ENRICH AND ENHANCE TEACHING AND LEARNING IN THE ELIZABETHTOWN AREA SCHOOL DISTRICT AND HELP PREPARE STUDENTS FOR THE TWENTY-FIRST CENTURY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND TREASURER REVIEW AND APPROVE THE FORM 990 AND MAKE IT AVAILABLE TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ANNUALLY REVIEWS ANY CONFLICTS OF INTEREST IN ACCORDANCE WITH THE FOUNDATION'S POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOSSES ON UNCOLLECTIBLE PLEDGES -4,096
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07173671521
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-25
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015 NORTH THIRD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerPersonGrp/PhoneNum07176842077
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL L REINER
ReturnHeader/ReturnTs02017-10-24T13:52:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.33$0.09$1.24$0.17$0.13$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.08$1.10$0.40$0.06$0.35
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.08$0.91$0.09$0.11$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.07$0.90$0.09$0.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.06$1.08$0.12$0.04$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.06$0.80$0.04$0.09$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.05$0.84$0.05$0.09$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.07$0.81$0.10$0.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.03$0.77$0.03$0.09$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.02$0.80$0.04$0.21$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.02$1.01$0.08$0.19$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.02$1.13$0.09$0.74$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.02$1.74$0.04
2012Summary only. Only limited summary data is available for this year.$0.72$0.01$0.71$0.49$0.11$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.11