Civic Intelligence

Allentown School District Foundation

990 • Fiscal year 2016 • EIN 27-0743152

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

31 South Penn Street PO Box 328Allentown, PA 18105

(484) 765-4247

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$129,856

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.7%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$617,485

Up $72,273 (+13%) from 2015

Net Assets

Up

$613,438

Up $76,986 (+14%) from 2015

Liabilities

Down

$4,047

Down $4,713 (-54%) from 2015

Revenue

Up

$391,388

Up $13,991 (+3.7%) from 2015

Expenses

Down

$314,402

Down $2,040 (-0.6%) from 2015

Net Income

Up

$76,986

Up $16,031 (+26%) from 2015

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: $71,326Liabilities 2011: $0Net Assets 2011: $71,3262011Assets 2012: $139,350Liabilities 2012: $0Net Assets 2012: $139,3502012Assets 2013: $169,654Liabilities 2013: $51,566Net Assets 2013: $118,0882013Assets 2015: $545,212Liabilities 2015: $8,760Net Assets 2015: $536,4522015Assets 2016: $617,485Liabilities 2016: $4,047Net Assets 2016: $613,4382016Assets 2017: $562,628Liabilities 2017: $10,016Net Assets 2017: $552,6122017Assets 2018: $679,042Liabilities 2018: $7,741Net Assets 2018: $671,3012018Assets 2019: $873,533Liabilities 2019: $4,158Net Assets 2019: $869,3752019Assets 2020: $1,259,742Liabilities 2020: $25,737Net Assets 2020: $1,234,0052020Assets 2021: $1,280,368Liabilities 2021: $26,180Net Assets 2021: $1,254,1882021Assets 2022: $1,250,624Liabilities 2022: $5,580Net Assets 2022: $1,245,0442022Assets 2023: $1,333,464Liabilities 2023: $2,089Net Assets 2023: $1,331,3752023Assets 2024: $1,494,392Liabilities 2024: $1,506Net Assets 2024: $1,492,8862024Assets 2025: $1,622,312Liabilities 2025: $2,805Net Assets 2025: $1,619,5072025

Highlighted filing

2016

Assets$617,485
Liabilities$4,047
Net Assets$613,438

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $31,0712011Expenses 2012: $79,0772012Expenses 2013: $97,3622013Revenue 2015: $377,397Expenses 2015: $316,442Net Income 2015: $60,9552015Revenue 2016: $391,388Expenses 2016: $314,402Net Income 2016: $76,9862016Revenue 2017: $492,800Expenses 2017: $553,626Net Income 2017: -$60,8262017Revenue 2018: $530,711Expenses 2018: $434,653Net Income 2018: $96,0582018Revenue 2019: $842,153Expenses 2019: $656,094Net Income 2019: $186,0592019Revenue 2020: $927,404Expenses 2020: $573,828Net Income 2020: $353,5762020Revenue 2021: $2,746,450Expenses 2021: $2,733,906Net Income 2021: $12,5442021Revenue 2022: $701,523Expenses 2022: $599,119Net Income 2022: $102,4042022Revenue 2023: $586,682Expenses 2023: $525,313Net Income 2023: $61,3692023Revenue 2024: $524,154Expenses 2024: $443,148Net Income 2024: $81,0062024Revenue 2025: $571,614Expenses 2025: $491,497Net Income 2025: $80,1172025

Highlighted filing

2016

Revenue$391,388
Expenses$314,402
Net Income$76,986
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$426,073
Mission and Program Overview

Mission

The mission of the foundation is to encourage, promote and support innovative educational experiences for students in the allentown school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$382,450$373,638▼ $8,812
Savings and Temporary Cash Investments$154,962$234,365▲ $79,403
Accounts Receivable-$5,000-
Pledges and Grants Receivable$7,800$3,850▼ $3,950
Prepaid Expenses and Deferred Charges-$632-
Total Assets$545,212$617,485▲ $72,273
Liabilities
Accounts Payable and Accrued Expenses$8,760$4,047▼ $4,713
Total Liabilities$8,760$4,047▼ $4,713
Net Assets / Fund Balance
Unrestricted Net Assets$292,034$298,374▲ $6,340
Permanently Rstr Net Assets$216,989$228,106▲ $11,117
Temporarily Rstr Net Assets$27,429$86,958▲ $59,529
Total Net Assets Fund Balance$536,452$613,438▲ $76,986
Total Liabilities and Net Assets / Fund Balance$545,212$617,485▲ $72,273

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$373,638--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$382,450-▲ $6,303-$373,638
2014$333,278$59,190▲ $9,564-$382,450
2013-$323,787▲ $9,673-$333,278
Compensation and Service Providers

Employees

NameTitleOtherTotal
David WildongerDirector$129,856$129,856
Dr John ClarkDirector$129,856$129,856

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$323,783
Program Service Revenue
$0
Investment Income
$2,378
Other Revenue
$65,227
All Other Contributions
$323,783
Change in Net Assets
$76,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$391,388
Revenue Not Reported on Form 990
$34,685
Total Revenue per Audited Statements
$426,073
Total Revenue per Form 990
$391,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,966
Grants and Similar Amounts Paid$116,510
Salaries, Compensation, and Employee Benefits$73,926
Total Fundraising Expense$16,683
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$70,096--$70,096
Fees for Services Other$65,896$2,809-$68,705
Grants to Domestic Orgs$46,414--$46,414
Other Salaries and Wages$2,941$26,341$2,941$32,223
Current Officers, Directors, Trustees, and Key Employees$5,775$8,217$8,217$22,209
Payroll Taxes-$15,491$4,002$19,494
Other Expenses$16,649$1,396$17$18,062
Office Expenses$9,078$12$9$9,099
Fees for Services Accounting-$6,025-$6,025
Insurance-$3,407-$3,407
All Other Expenses$2,154--$2,154
Occupancy-$1,847-$1,847
Advertising-$1,620-$1,620
Fees for Services Legal-$275-$275
Conferences and Meetings-$15-$15
Total Functional Expenses$224,263$73,455$16,683$314,402

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$349,087
Expenses per Audited Statements$314,402
Total Expenses per Form 990$314,402
Expenses Not Reported on Form 990$34,685
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allentown School DistrictAllentown, PA501c3Educational$46,414
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$99,912
Fundraising Direct Expenses$34,685
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
High Notes Gala$98,695$98,695$5,472$93,223
Total Events$98,695$98,695$34,685$64,010
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Form 990 will be presented to the boards finance committee for review and editing if necessary. Form 990 will then be distributed to the entire board of directors for its review and comments before it is filed.

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

The foundations board of directors reviews the conflict of interest policy at its annual board meeting in june. After the election of new board members, all of them are required to sign the conflict of interest policy. When meeting a prospective board member, the governance committee representative will explain to that individual that signing the conflict of interest policy is required to serve as a board member.

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

The board of directors determined compensation for all employees of the foundation.

Filing and Contact Details

Filer

Filer Name
Allentown School District Foundation
EIN
27-0743152
Phone
4847654247
Address
31 SOUTH PENN STREET PO BOX 328, ALLENTOWN, PA 18105

Signing Officer

Name
Kelli Holzman
Title
Treasurer
Phone
6104339973
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelli Holzman
Formed
2009
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
16
Employees
6
Volunteers
56

Preparer

Firm
Merendino Accounting and Tax Services
Address
2767 OHIO STREET, EASTON, PA 18045
Preparer
Lee a Merendino CPA
Phone
6105595106
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services 65,896 represent payments to artists in residence, dance instructors, and music teachers for student programs. 2,809 represent payments for public relations and payroll services.

Form 990, Part I, Line 13

The prior year amount that is shown in grants and similar amounts paid has been reclassified to agree with the current year presentation. This is due to the implementation of a new accounting system.

Form 990, Part I, Line 17

The prior year amount that is shown in other expenses has been reclassified to agree with the current year presentation. This is due to the implementation of a new accounting system.

Financial Statement Notes

V 4

The intended use of the endowment funds is to provide scholarships.

XI 2D

Direct expenses from fundraising events.

XII 2D

Direct expenses from fundraising events.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE-PRESIDENT
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.57$0.49$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.52$0.44$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.59$0.53$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.25$0.70$0.60$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$2.75$2.73$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.23$0.93$0.57$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.84$0.66$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.53$0.43$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.49$0.55$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.61$0.39$0.31$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.38$0.32$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.05$0.12$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.03