Civic Intelligence

Laude Educ 5

990EZ • Fiscal year 2020 • EIN 23-7243478

Jan 01, 2020 to Dec 31, 2020 • Filed on May 01, 2021

Organization Profile
PO Box 3636Grand Rapids, MI 49501-3636

(800) 795-4115

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-60%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$1,008

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 38.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

37th percentile

-2.7%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-67%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$58,770

Down $1,609 (-2.7%) from 2019

Net Assets

Down

$58,770

Down $1,609 (-2.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin11th percentile

Revenue

Down

$2,634

Down $5,308 (-67%) from 2019

Expenses

Down

$4,215

Down $861 (-17%) from 2019

Net Income

Down

-$1,581

Down $4,447 (-155%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$80K$60K$40K$20K$0Assets 2015: $59,165Liabilities 2015: $0Net Assets 2015: $59,1652015Assets 2016: $59,393Liabilities 2016: $0Net Assets 2016: $59,3932016Assets 2017: $58,290Liabilities 2017: $0Net Assets 2017: $58,2902017Assets 2018: $57,513Liabilities 2018: $0Net Assets 2018: $57,5132018Assets 2019: $60,379Liabilities 2019: $0Net Assets 2019: $60,3792019Assets 2020: $58,770Liabilities 2020: $0Net Assets 2020: $58,7702020Assets 2021: $60,200Liabilities 2021: $0Net Assets 2021: $60,2002021Assets 2022: $56,054Liabilities 2022: $0Net Assets 2022: $56,0542022Assets 2023: $53,460Liabilities 2023: $0Net Assets 2023: $53,4602023Assets 2024: $54,362Liabilities 2024: $0Net Assets 2024: $54,3622024

Highlighted filing

2020

Assets$58,770
Liabilities$0
Net Assets$58,770
Open 2020 Filing

Operations Trend

Revenue Growth14th percentile

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

$10K$5.0K$0-$5.0KRevenue 2015: $3,645Expenses 2015: $5,745Net Income 2015: -$2,1002015Revenue 2016: $5,713Expenses 2016: $5,487Net Income 2016: $2262016Revenue 2017: $3,228Expenses 2017: $4,334Net Income 2017: -$1,1062017Revenue 2018: $3,909Expenses 2018: $4,685Net Income 2018: -$7762018Revenue 2019: $7,942Expenses 2019: $5,076Net Income 2019: $2,8662019Revenue 2020: $2,634Expenses 2020: $4,215Net Income 2020: -$1,5812020Revenue 2021: $6,387Expenses 2021: $4,968Net Income 2021: $1,4192021Revenue 2022: $2,270Expenses 2022: $6,405Net Income 2022: -$4,1352022Revenue 2023: $3,289Expenses 2023: $5,876Net Income 2023: -$2,5872023Revenue 2024: $6,637Expenses 2024: $5,741Net Income 2024: $8962024

Highlighted filing

2020

Revenue$2,634
Expenses$4,215
Net Income-$1,581
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 1, 2021
Return Version
2020v4.0
Gross Receipts
$23,494
Mission and Program Overview

Mission

Scholarships are paid in order to help defray the cost of college

Program Services

DescriptionGrantsExpenses
EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO INDIVIDUALS, HELPING TO DEFRAY THE COST OF COLLEGE EDUCATION$2,000$2,000
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Trustee-$1,008-$1,008
Filing and Contact Details

Filer

Filer Name
Laude Educ 5
EIN
23-7243478
Phone
8007954115
Address
PO BOX 3636, GRAND RAPIDS, MI 49501-3636

Signing Officer

Name
Matthew Carothers
Title
Trustee
Phone
8007954115
Signed
2021-05-01
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
800 YARD STREET SUITE 200, GRANDVIEW HEIGHTS, OH 43212
Preparer
Doak a Pfaff
Phone
6142327288
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Tax Preparation Fee (non-allocable) 1175 Foreign Taxes on Qualified Foreign 18 Foreign Taxes on Nonqualified Forei 14”

Form 990-EZ, Part I, Line 20

“Mutual fund pullbacks 26 rounding 2”

Raw XML Appendix140 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CINCINNATI
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd045202
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt060379
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt058770
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IRS990EZ/CostOrOtherBasisExpenseSaleAmt020860
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1581
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt01408
IRS990EZ/GrantsAndSimilarAmountsPaidAmt02000
IRS990EZ/GrossReceiptsAmt023494
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01226
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt060379
IRS990EZ/NetAssetsOrFundBalancesEOYAmt058770
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt060379
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt0FIFTH THIRD BANK NA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt01008
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-28
IRS990EZ/OtherExpensesTotalAmt01207
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SCHOLARSHIPS ARE PAID IN ORDER TO HELP DEFRAY THE COST OF COLLEGE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO INDIVIDUALS, HELPING TO DEFRAY THE COST OF COLLEGE EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt01008
IRS990EZ/SaleOfAssetsGrossAmt022268
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04215
IRS990EZ/TotalProgramServiceExpensesAmt02000
IRS990EZ/TotalRevenueAmt02634
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0386004779
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COMMUNITY CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tax Preparation Fee (non-allocable) 1175 Foreign Taxes on Qualified Foreign 18 Foreign Taxes on Nonqualified Forei 14
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MUTUAL FUND PULLBACKS 26 ROUNDING 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW CAROTHERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum08007954115
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUDE EDUC 5
ReturnHeader/Filer/BusinessNameControlTxt0LAUD
ReturnHeader/Filer/EIN0237243478
ReturnHeader/Filer/PhoneNum08007954115
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3636
ReturnHeader/Filer/USAddress/CityNm0GRAND RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0495013636
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 YARD STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANDVIEW HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043212
ReturnHeader/PreparerPersonGrp/PhoneNum06142327288
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOAK A PFAFF
ReturnHeader/ReturnTs02021-05-07T18:00:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,770
Liabilities
$0
Net assets
$58,770
Revenue
$2,634
Expenses
$4,215
Net income
-$1,581
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.4$0.00$54.4$6.64$5.74$0.90
2023Detailed filing. Detailed filing data is available for this year.$53.5$0.00$53.5$3.29$5.88$2.59
2022Detailed filing. Detailed filing data is available for this year.$56.1$0.00$56.1$2.27$6.41$4.14
2021Detailed filing. Detailed filing data is available for this year.$60.2$0.00$60.2$6.39$4.97$1.42
2020Detailed filing. Detailed filing data is available for this year.$58.8$0.00$58.8$2.63$4.22$1.58
2019Detailed filing. Detailed filing data is available for this year.$60.4$0.00$60.4$7.94$5.08$2.87
2018Detailed filing. Detailed filing data is available for this year.$57.5$0.00$57.5$3.91$4.69$0.78
2017Detailed filing. Detailed filing data is available for this year.$58.3$0.00$58.3$3.23$4.33$1.11
2016Detailed filing. Detailed filing data is available for this year.$59.4$0.00$59.4$5.71$5.49$0.23
2015Detailed filing. Detailed filing data is available for this year.$59.2$0.00$59.2$3.65$5.75$2.10