Civic Intelligence

Evsc Foundation Inc

EIN 26-2863843 • 501(c)3 • Evansville, IN

Profile

The evsc foundation is the designated fundraising agency for the evansville vanderburgh school corporation. The primary purpose of the evsc foundation is to raise money for evansville vanderburgh school corporation programs aimed at ensuring student success.

951 Walnut StreetEvansville, IN 47713

www.evscfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$7,497,964

Up $1,047,243 (+16%) from 2023

Liabilities

Down

$31,240

Down $28,554 (-48%) from 2023

Net Assets

Up

$7,466,724

Up $1,075,797 (+17%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin79th percentile

Revenue

Up

$3,214,534

Up $234,519 (+7.9%) from 2023

Expenses

Down

$2,308,363

Down $663,438 (-22%) from 2023

Net Income

Up

$906,171

Up $897,957 (+10932%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $3,883,759Liabilities 2014: $1,805,657Net Assets 2014: $2,078,1022014Assets 2015: $2,696,970Liabilities 2015: $8,115Net Assets 2015: $2,688,8552015Assets 2016: $2,938,314Liabilities 2016: $45,765Net Assets 2016: $2,892,5492016Assets 2017: $3,091,966Liabilities 2017: $17,532Net Assets 2017: $3,074,4342017Assets 2018: $2,995,241Liabilities 2018: $31,182Net Assets 2018: $2,964,0592018Assets 2019: $3,917,779Liabilities 2019: $67,758Net Assets 2019: $3,850,0212019Assets 2020: $4,381,291Liabilities 2020: $42,916Net Assets 2020: $4,338,3752020Assets 2021: $5,327,828Liabilities 2021: $81,938Net Assets 2021: $5,245,8902021Assets 2022: $6,049,824Liabilities 2022: $55,105Net Assets 2022: $5,994,7192022Assets 2023: $6,450,721Liabilities 2023: $59,794Net Assets 2023: $6,390,9272023Assets 2024: $7,497,964Liabilities 2024: $31,240Net Assets 2024: $7,466,7242024

Highlighted filing

2024

Assets$7,497,964
Liabilities$31,240
Net Assets$7,466,724
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $862,905Expenses 2014: $1,114,006Net Income 2014: -$251,1012014Revenue 2015: $1,495,553Expenses 2015: $793,980Net Income 2015: $701,5732015Revenue 2016: $671,991Expenses 2016: $530,207Net Income 2016: $141,7842016Revenue 2017: $942,642Expenses 2017: $861,703Net Income 2017: $80,9392017Revenue 2018: $927,524Expenses 2018: $915,740Net Income 2018: $11,7842018Revenue 2019: $1,845,232Expenses 2019: $1,178,417Net Income 2019: $666,8152019Revenue 2020: $1,633,706Expenses 2020: $1,210,460Net Income 2020: $423,2462020Revenue 2021: $2,201,438Expenses 2021: $1,422,866Net Income 2021: $778,5722021Revenue 2022: $1,944,787Expenses 2022: $1,680,082Net Income 2022: $264,7052022Revenue 2023: $2,980,015Expenses 2023: $2,971,801Net Income 2023: $8,2142023Revenue 2024: $3,214,534Expenses 2024: $2,308,363Net Income 2024: $906,1712024

Highlighted filing

2024

Revenue$3,214,534
Expenses$2,308,363
Net Income$906,171
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,497,964
Liabilities
$31,240
Net assets
$7,466,724
Revenue
$3,214,534
Expenses
$2,308,363
Net income
$906,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$0.03$7.47$3.21$2.31$0.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.45$0.06$6.39$2.98$2.97$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.06$5.99$1.94$1.68$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.08$5.25$2.20$1.42$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.04$4.34$1.63$1.21$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.07$3.85$1.85$1.18$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$0.03$2.96$0.93$0.92$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.02$3.07$0.94$0.86$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.05$2.89$0.67$0.53$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.01$2.69$1.50$0.79$0.70
2014Detailed filing. Detailed filing data is available for this year.$3.88$1.81$2.08$0.86$1.11$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.0
Gross Receipts
$4,360,940
Mission and Program Overview

Mission

The mission of the evsc foundation is to enhance educational opportunities through the development of individual and community partnerships which generate the financial resources necessary to support extraordinary learning experiences, ensuring greater student success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,010,310$3,333,622▲ $323,312
Savings and Temporary Cash Investments$1,735,798$1,767,343▲ $31,545
Cash and Non-Interest-Bearing Accounts$911,040$1,655,220▲ $744,180
Land, Buildings, and Equipment, Net$754,909$726,722▼ $28,187
Prepaid Expenses and Deferred Charges$19,995$9,430▼ $10,565
Pledges and Grants Receivable$18,669$5,627▼ $13,042
Total Assets$6,450,721$7,497,964▲ $1,047,243
Liabilities
Accounts Payable and Accrued Expenses$48,895$20,355▼ $28,540
Other Liabilities$10,899$10,885▼ $14
Total Liabilities$59,794$31,240▼ $28,554
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,568,965$5,589,564▲ $1,020,599
Net Assets Without Donor Restrictions$1,821,962$1,877,160▲ $55,198
Total Net Assets Fund Balance$6,390,927$7,466,724▲ $1,075,797
Total Liabilities and Net Assets / Fund Balance$6,450,721$7,497,964▲ $1,047,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$560,248$172,906$733,154
Land$162,785-$162,785
Equipment$3,689$7,897$11,586

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,010,310-▲ $1,006,598$677,341$3,333,622
2023$2,669,911-▲ $767,550$407,606$3,010,310
2022$1,810,573$1,183,868▼ $76,840$229,276$2,669,911
2021$1,613,959$56,900▲ $254,158$105,641$1,810,573
2020$1,381,295$76,000▲ $189,907$24,200$1,613,959
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Scott EvernhamChair
Brian WoodsVice Chair
Carrie MortonBoard Mbr-pa
Aaron AlthausBoard Member
Alex BurtonBoard Member
Alex ChangBoard Member
Chris KieferBoard Member
Danial HohneBoard Member
Dr David SmithBoard Member
Jack FaberBoard Member
Jake HesterBoard Member
Jason AlthausBoard Member
Jill LucyBoard Member
Lori YoungBoard Member
Marci Fenneman MooreBoard Member
Melissa MooreBoard Member
Mike DuckworthBoard Member
Ryan ParkerBoard Member
Tamara SkinnerBoard Member
Tim EthridgeBoard Member
Anne MckimSecretary
Clay ScarafiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,844,959
Program Service Revenue
$0
Investment Income
$346,687
Other Revenue
$22,888
All Other Contributions
$2,844,959
Change in Net Assets
$906,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,308,776
Total Fundraising Expense$25,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$-413

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$117,172$9,375$25,565$152,112
Other Expenses$70,703--$70,703
Fees for Services Other-$69,265-$69,265
Fees for Services Management-$34,985-$34,985
Fees for Service Investment Mgmnt Fees-$31,822-$31,822
Fees for Services Accounting-$6,790-$6,790
Office Expenses-$5,436-$5,436
Insurance-$4,940-$4,940
Information Technology-$4,375-$4,375
Advertising-$1,674-$1,674
Payroll Taxes-$163-$163
Other Employee Benefits-$-576-$-576
Total Functional Expenses$2,114,549$168,249$25,565$2,308,363
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,567
Fundraising Gross Income$98,288
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert Tickets$47,709$47,709$101,076$-53,367
Hangers Gala$37,971$37,971$13,338$24,633
Total Events$85,680$85,680$114,414$-28,734
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payment Liability$10,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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

“Explanation: this form 990 will be reviewed by evsc foundation treasurer prior to filing with the irs. This 990 will be made available for review to each evsc foundation board member via email of a pdf copy prior to the filing with the irs.”

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

“Explanation: the evsc foundation board of directors regularly monitors adherence to the stated conflict of interest policy through documented meetings and discussion regarding any substantial financial transaction the evsc is considering. In the event a conflict of interest exists, the board member or delegate from which the conflict originates will be excluded from voting or commenting on the proposal in question. Furthermore, each board member or delegate will be required to annually sign a statement affirming their adherence to the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 19

“Explanation: the evsc foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The evsc foundation's annual form 990 will be available upon request.”

Filing and Contact Details

Filer

Filer Name
Evsc Foundation Inc
EIN
26-2863843
Phone
8124350913
Address
951 WALNUT STREET, EVANSVILLE, IN 47713

Signing Officer

Name
Clay Scarafia
Title
Treasurer
Phone
8124350913
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Evernham
Formed
2008
Legal Domicile
In
Voting Board Members
22
Independent Board Members
22
Employees
15
Volunteers
15

Preparer

Firm
Vowells & Schaaf Llp
Address
PO BOX 119, EVANSVILLE, IN 47701-0119
Preparer
Mark a Aiton CPA
Phone
8124214165
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the evsc foundation is to enhance educational opportunities through the development of individual and community partnerships which generate the financial resources necessary to support extraordinary learning experiences, ensuring greater student success.”

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

“Evsc support program - the program provides a variety of different forms of general support to evsc. Allocations were used to fund the production of informational materials including the evsc parent calendar and other innovative school pamphlets. Additional support included items such as; supporting evsc food & nutrition program, supporting early college programs, social emotional learning classroom supplies, backpacks/supplies for needy students, books purchased for read evansville program to get books to students, teacher appreciation gifts, support for evsc fine arts program, and support for ged students. Books were also purchased to support schools and for professional development and the sel program. Funds were also given towards new teacher orientation supplies and tickets for educator appreciation night at otter's games. Also, funds were given to support academic super bowl and middle school speech programs.”

Raw XML AppendixShowing 400 of 532 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.

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