Civic Intelligence

Methacton Education Foundation

990 • Fiscal year 2021 • EIN 26-4751225

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 20, 2021

1001 Kriebel Mill RoadEagleville, PA 19403

(610) 489-5000

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

65th percentile

23%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$35,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

78th percentile

37%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

55%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$441,746

Up $118,829 (+37%) from 2020

Net Assets

Up

$441,746

Up $118,829 (+37%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$518,650

Up $183,046 (+55%) from 2020

Expenses

Up

$399,821

Up $225,492 (+129%) from 2020

Net Income

Down

$118,829

Down $42,446 (-26%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $3,853Liabilities 2011: $0Net Assets 2011: $3,8532011Assets 2012: $10,645Liabilities 2012: $0Net Assets 2012: $10,6452012Assets 2019: $161,642Liabilities 2019: $0Net Assets 2019: $161,6422019Assets 2020: $322,917Liabilities 2020: $0Net Assets 2020: $322,9172020Assets 2021: $441,746Liabilities 2021: $0Net Assets 2021: $441,7462021Assets 2022: $641,140Liabilities 2022: $0Net Assets 2022: $641,1402022Assets 2023: $656,222Liabilities 2023: $0Net Assets 2023: $656,2222023Assets 2024: $689,024Liabilities 2024: $0Net Assets 2024: $689,0242024

Highlighted filing

2021

Assets$441,746
Liabilities$0
Net Assets$441,746

Operations Trend

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

$600K$400K$200K$0Revenue 2011: $946Expenses 2011: $70Net Income 2011: $8762011Revenue 2012: $8,797Expenses 2012: $2,005Net Income 2012: $6,7922012Revenue 2019: $278,305Expenses 2019: $272,604Net Income 2019: $5,7012019Revenue 2020: $335,604Expenses 2020: $174,329Net Income 2020: $161,2752020Revenue 2021: $518,650Expenses 2021: $399,821Net Income 2021: $118,8292021Revenue 2022: $379,288Expenses 2022: $179,894Net Income 2022: $199,3942022Revenue 2023: $387,676Expenses 2023: $372,594Net Income 2023: $15,0822023Revenue 2024: $576,024Expenses 2024: $543,222Net Income 2024: $32,8022024

Highlighted filing

2021

Revenue$518,650
Expenses$399,821
Net Income$118,829
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 20, 2021
Return Version
2020v4.1
Gross Receipts
$522,248
Mission and Program Overview

Mission

The methacton education foundation's purpose is to inspire excellence and innovation in the methacton school district through providing supplemental funding for innovative educational programs and initiatives to enrich student learning.

To support quality education programs for methacton school district

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$322,917$441,746▲ $118,829
Total Assets$322,917$441,746▲ $118,829
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,880$281,003▲ $148,123
Net Assets With Donor Restrictions$190,037$160,743▼ $29,294
Total Net Assets Fund Balance$322,917$441,746▲ $118,829
Total Liabilities and Net Assets / Fund Balance$322,917$441,746▲ $118,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nikki KrevlovichExecutive DirectorPT$35,000$35,000
Revenue and Support

Revenue Composition

Contributions and Grants
$507,227
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$11,423
All Other Contributions
$507,227
Change in Net Assets
$118,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$522,248
Revenue Not Reported on Financial Statements
$-3,598
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-3,598
Total Revenue per Audited Statements
$522,248
Total Revenue per Form 990
$518,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$321,102
Salaries, Compensation, and Employee Benefits$50,519
Total Fundraising Expense$30,552
Other Expenses$28,200
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$321,102--$321,102
Current Officers, Directors, Trustees, and Key Employees-$28,000$7,000$35,000
Payroll Taxes-$9,513$2,378$11,891
Other Salaries and Wages-$2,902$726$3,628
Insurance-$3,159-$3,159
Fees for Services Other-$1,750-$1,750
Travel-$900-$900
Office Expenses-$290$409$699
Other Expenses-$625$895$625
Total Functional Expenses$321,102$48,167$30,552$399,821

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$403,419
Expenses per Audited Statements$399,821
Total Expenses per Form 990$399,821
Expenses Not Reported on Form 990$3,598
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Methacton School DistrictEaglesville, PAGOV'TTo Help Support the Education Programs at Methacton School District.$321,102
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,021
Fundraising Direct Expenses$3,598
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Graduation Suites$15,021$15,021$506$14,515
Total Events$15,021$15,021$3,598$11,423
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 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
Yes
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, Part VI, Section B, Line 11B

A copy of the 990 is sent to the treasurer who forwards to the financial committee and president for review and approval. The 990 is signed by the president upon approval.

Form 990, Part VI, Section B, Line 12C

An interested party is under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known, or reasonably should be known. An interested party shall completely disclose the material facts about actual or potential conflicts of interest on an annual basis. Completed disclosure statements will be reviewed by the governance and executive committee's for potential conflicts and resolution. An interested party who has an actual or potential conflict of interest shall not participate or be present during the deliberations and decision making of the foundation with respect to the transaction in question.

Form 990, Part VI, Section B, Line 15A

Executive director compensation is reviewed and approved by the board of directors, annually.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are available at methacton education foundation location upon written request.

Filing and Contact Details

Filer

Filer Name
Methacton Education Foundation
EIN
26-4751225
Phone
6104895000
Address
1001 KRIEBEL MILL ROAD, EAGLEVILLE, PA 19403

Signing Officer

Name
James Beam
Title
President
Phone
6104895000
Signed
2021-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Beam
Formed
2009
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
21
Employees
1
Volunteers
50

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Mef has adopted an accounting standard regarding uncertain tax positions. The standard prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. Mef believes that it had no uncertain tax positions as defined in the standard.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expenses -3,598.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 3,598.

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IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE METHACTON EDUCATION FOUNDATION'S PURPOSE IS TO INSPIRE EXCELLENCE AND INNOVATION IN THE METHACTON SCHOOL DISTRICT THROUGH PROVIDING SUPPLEMENTAL FUNDING FOR INNOVATIVE EDUCATIONAL PROGRAMS AND INITIATIVES TO ENRICH STUDENT LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0322917
IRS990/NetAssetsOrFundBalancesEOYAmt0441746
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011423
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011423
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0132880
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0281003
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0409
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0290
IRS990/OfficeExpensesGrp/TotalAmt0699
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/FundraisingAmt011793
IRS990/OtherExpensesGrp/FundraisingAmt17351
IRS990/OtherExpensesGrp/FundraisingAmt2895
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01028
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1625
IRS990/OtherExpensesGrp/TotalAmt012821
IRS990/OtherExpensesGrp/TotalAmt17351
IRS990/OtherExpensesGrp/TotalAmt2895
IRS990/OtherExpensesGrp/TotalAmt3625
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0726
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02902
IRS990/OtherSalariesAndWagesGrp/TotalAmt03628
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02378
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09513
IRS990/PayrollTaxesGrp/TotalAmt011891
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES BEAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0323293
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0123401
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt014803
IRS990/PYOtherRevenueAmt012311
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0161275
IRS990/PYSalariesCompEmpBnftPaidAmt036125
IRS990/PYTotalExpensesAmt0174329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0335604
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0118829
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING REVENUE - 2018 AMOUNT: $ 2,858. 2019 AMOUNT: $ 35,997. 2020 AMOUNT: $ 15,021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0323293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0277985
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0195886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt059908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01364349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt015021
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt035997
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02858
IRS990ScheduleA/OtherIncome170Grp/TotalAmt053876
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75850
IRS990ScheduleA/PublicSupportPY170Pct00.57890
IRS990ScheduleA/PublicSupportTotal170Amt01075674
IRS990ScheduleA/SubstantialContributorsTotAmt0288675
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0507277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0323293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0277985
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0195886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt059908
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01364349
IRS990ScheduleA/TotalSupportAmt01418225
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt03598
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0399821
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt03598
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-3598
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-3598
IRS990ScheduleD/RevenueSubtotalAmt0522248
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MEF HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. MEF BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -3,598.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 3,598.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0399821
IRS990ScheduleD/TotalRevenuePerForm990Amt0518650
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0522248
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0403419
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03598
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GRADUATION SUITES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0473
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0473
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015021
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015021
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015021
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015021
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011423
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0506
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0506
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02619

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