Civic Intelligence

Evsc Foundation Inc.

990 • Fiscal year 2020 • EIN 26-2863843

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 27, 2021

951 Walnut StreetEvansville, IN 47713

(812) 435-0913

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.03x

Higher debt load relative to revenue than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-11%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,381,291

Up $463,512 (+12%) from 2019

Net Assets

Up

$4,338,375

Up $488,354 (+13%) from 2019

Liabilities

Down

$42,916

Down $24,842 (-37%) from 2019

Revenue

Down

$1,633,706

Down $211,526 (-11%) from 2019

Expenses

Up

$1,210,460

Up $32,043 (+2.7%) from 2019

Net Income

Down

$423,246

Down $243,569 (-37%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$4,381,291
Liabilities$42,916
Net Assets$4,338,375

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,633,706
Expenses$1,210,460
Net Income$423,246
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 27, 2021
Return Version
2020v4.0
Gross Receipts
$2,196,541
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$1,381,295$1,613,959▲ $232,664
Land, Buildings, and Equipment, Net$999,292$972,832▼ $26,460
Savings and Temporary Cash Investments$924,735$909,236▼ $15,499
Cash and Non-Interest-Bearing Accounts$504,803$775,424▲ $270,621
Pledges and Grants Receivable$105,907$95,375▼ $10,532
Prepaid Expenses and Deferred Charges$1,747$14,465▲ $12,718
Total Assets$3,917,779$4,381,291▲ $463,512
Liabilities
Deferred Revenue$31,200--
Accounts Payable and Accrued Expenses$21,318$26,711▲ $5,393
Other Liabilities$15,240$16,205▲ $965
Total Liabilities$67,758$42,916▼ $24,842
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,973,729$2,483,354▲ $509,625
Net Assets Without Donor Restrictions$1,876,292$1,855,021▼ $21,271
Total Net Assets Fund Balance$3,850,021$4,338,375▲ $488,354
Total Liabilities and Net Assets / Fund Balance$3,917,779$4,381,291▲ $463,512

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$774,876$97,369$872,245
Land$196,785-$196,785
Equipment$1,171$1,622$2,793

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,381,295$76,000▲ $189,907$24,200$1,613,959
2019$1,095,821$70,900▲ $255,742$42,100$1,381,295
2018$1,133,086-▲ $84,397$116,428$1,095,821
2017$957,133$47,359▲ $149,794$-21,200$1,133,086
2016$835,791$62,718▲ $64,224$-5,300$957,433
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey BergerPresident
Alex SchmittBoard Member
Andy GuarinoBoard Member
Chris KieferBoard Member
Dan ParodBoard Member
Dr David SmithBoard Member
Jason AlthausBoard Member
Jennye ScottBoard Member
Jim MorleyBoard Member
Joe NeidigBoard Member
Keith VonderaheBoard Member
Melissa MooreBoard Member
Pamela HightBoard Member
Pete ParadossiBoard Member
Robert SuhrheinrichBoard Member
Terry GamblinBoard Member
Tim EthridgeBoard Member
Wayne GamesBoard Member
Ryan ParkerAt Large
Jeff JusticePast Preside
Marci Fenneman MooreSecretary
Scott EvernhamTreasurer
Carrie MortonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,408,833
Program Service Revenue
$0
Investment Income
$128,643
Other Revenue
$96,230
All Other Contributions
$1,361,933
Change in Net Assets
$423,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$925,241
Salaries, Compensation, and Employee Benefits$285,219
Total Fundraising Expense$9,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,568$117,570-$235,138
Other Employee Benefits$14,856$14,857-$29,713
Fees for Services Management-$20,431-$20,431
Payroll Taxes$10,184$10,184-$20,368
Fees for Service Investment Mgmnt Fees-$11,333-$11,333
Insurance-$11,260-$11,260
Fees for Services Other$3,390$7,681-$11,071
Other Expenses$36,000-$9,792$9,792
Information Technology-$5,393-$5,393
Fees for Services Accounting-$4,470-$4,470
Office Expenses-$3,218-$3,218
All Other Expenses-$2,287-$2,287
Travel-$169-$169
Conferences and Meetings-$134-$134
Advertising$128--$128
Total Functional Expenses$991,681$208,987$9,792$1,210,460
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$95,659
Fundraising Direct Expenses$22,176
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clothes for Kid$37,465$37,465-$37,465
Hangers Gala$35,877$35,877$18,451$17,426
Total Events$90,690$90,690$19,075$71,615
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$16,205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 jeffrey berger 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
Scott Evernham
Title
Treasurer
Phone
8124350913
Signed
2021-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Berger
Formed
2008
Legal Domicile
In
Voting Board Members
23
Independent Board Members
23
Employees
11

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 4B

School programs - includes the hamman funds for needy students, scoreboard sponsorships to support athletics and academics, athletic training coverage & athletic equipment,scholarships, and other various school programs. The stated purpose of the evsc foundation was achieved through the improvement of the overall educational experience that the evansville vanderburgh school corporation provides students. Programs are also in place for providing instrumental music lessons to students, supporting a student clothing bank for needy students, and supporting students through specific programs that focus on workable opportunities to integrate workplace skills and academics for success with graduation and beyond. A teacher locker program was also established to provide free supplies to evsc teachers.

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 early college program, social emotional learning classroom supplies, backpacks for needy students, lunch give back program, and financial assistance for the health science institute program. Support was also used for materials and supplies used to make masks/shields, support for evsc meals program and grab and go meal services, books purchased for read evansville program to get books to students, advertisement to promote virtual academy and teacher appreciation giftcards. Covid 19 crisis response fund was used for evsc student/family hunger relief program, drinking cups and water bottles were provided to students and bus tokens and other transportation for ged students. Funds for t-mobile hotspots were provided to evsc it department.

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IRS990/MissionDesc0THE 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOOL PROGRAMS - INCLUDES THE HAMMAN FUNDS FOR NEEDY STUDENTS, SCOREBOARD SPONSORSHIPS TO SUPPORT ATHLETICS AND ACADEMICS, ATHLETIC TRAINING COVERAGE & ATHLETIC EQUIPMENT,SCHOLARSHIPS, AND OTHER VARIOUS SCHOOL PROGRAMS. THE STATED PURPOSE OF THE EVSC FOUNDATION WAS ACHIEVED THROUGH THE IMPROVEMENT OF THE OVERALL EDUCATIONAL EXPERIENCE THAT THE EVANSVILLE VANDERBURGH SCHOOL CORPORATION PROVIDES STUDENTS. PROGRAMS ARE ALSO IN PLACE FOR PROVIDING INSTRUMENTAL MUSIC LESSONS TO STUDENTS, SUPPORTING A STUDENT CLOTHING BANK FOR NEEDY STUDENTS, AND SUPPORTING STUDENTS THROUGH SPECIFIC PROGRAMS THAT FOCUS ON WORKABLE OPPORTUNITIES TO INTEGRATE WORKPLACE SKILLS AND ACADEMICS FOR SUCCESS WITH GRADUATION AND BEYOND. A TEACHER LOCKER PROGRAM WAS ALSO ESTABLISHED TO PROVIDE FREE SUPPLIES TO EVSC TEACHERS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EVSC 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 EARLY COLLEGE PROGRAM, SOCIAL EMOTIONAL LEARNING CLASSROOM SUPPLIES, BACKPACKS FOR NEEDY STUDENTS, LUNCH GIVE BACK PROGRAM, AND FINANCIAL ASSISTANCE FOR THE HEALTH SCIENCE INSTITUTE PROGRAM. SUPPORT WAS ALSO USED FOR MATERIALS AND SUPPLIES USED TO MAKE MASKS/SHIELDS, SUPPORT FOR EVSC MEALS PROGRAM AND GRAB AND GO MEAL SERVICES, BOOKS PURCHASED FOR READ EVANSVILLE PROGRAM TO GET BOOKS TO STUDENTS, ADVERTISEMENT TO PROMOTE VIRTUAL ACADEMY AND TEACHER APPRECIATION GIFTCARDS. COVID 19 CRISIS RESPONSE FUND WAS USED FOR EVSC STUDENT/FAMILY HUNGER RELIEF PROGRAM, DRINKING CUPS AND WATER BOTTLES WERE PROVIDED TO STUDENTS AND BUS TOKENS AND OTHER TRANSPORTATION FOR GED STUDENTS. FUNDS FOR T-MOBILE HOTSPOTS WERE PROVIDED TO EVSC IT DEPARTMENT.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt015,504 MANAGEMENT FEES 17,262 HALL OF FAME 1,190 MISCELLANEOUS 2,470
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