Civic Intelligence

Acsi Education Foundation

990 • Fiscal year 2016 • EIN 30-0412105

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 06, 2017

PO Box 65130Colorado Springs, CO 80962-6513

(719) 528-6906

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.16x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-131%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$255,269

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 271.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-7.9%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,463,960

Down $126,209 (-7.9%) from 2015

Net Assets

Down

$1,448,803

Down $141,366 (-8.9%) from 2015

Liabilities

Up

$15,157

Up $15,157 from 2015

Revenue

Down

$94,027

Down $86,685 (-48%) from 2015

Expenses

Up

$216,978

Up $18,677 (+9.4%) from 2015

Net Income

Down

-$122,951

Down $105,362 (-599%) 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: $1,218,220Liabilities 2011: $0Net Assets 2011: $1,218,2202011Assets 2012: $1,231,305Liabilities 2012: $0Net Assets 2012: $1,231,3052012Assets 2013: $1,238,270Liabilities 2013: $0Net Assets 2013: $1,238,2702013Assets 2014: $1,621,712Liabilities 2014: $0Net Assets 2014: $1,621,7122014Assets 2015: $1,590,169Liabilities 2015: $0Net Assets 2015: $1,590,1692015Assets 2016: $1,463,960Liabilities 2016: $15,157Net Assets 2016: $1,448,8032016Assets 2017: $1,251,839Liabilities 2017: $1,625Net Assets 2017: $1,250,2142017Assets 2018: $1,232,678Liabilities 2018: $3,993Net Assets 2018: $1,228,6852018Assets 2019: $1,195,032Liabilities 2019: $3,059Net Assets 2019: $1,191,9732019

Highlighted filing

2016

Assets$1,463,960
Liabilities$15,157
Net Assets$1,448,803

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $02011Expenses 2012: $02012Expenses 2013: $1502013Revenue 2014: $547,195Expenses 2014: $163,753Net Income 2014: $383,4422014Revenue 2015: $180,712Expenses 2015: $198,301Net Income 2015: -$17,5892015Revenue 2016: $94,027Expenses 2016: $216,978Net Income 2016: -$122,9512016Revenue 2017: $33,985Expenses 2017: $296,433Net Income 2017: -$262,4482017Revenue 2018: $295,846Expenses 2018: $253,956Net Income 2018: $41,8902018Revenue 2019: $102,142Expenses 2019: $138,854Net Income 2019: -$36,7122019

Highlighted filing

2016

Revenue$94,027
Expenses$216,978
Net Income-$122,951
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 6, 2017
Return Version
2015v3.0
Gross Receipts
$336,002
Mission and Program Overview

Mission

The mission of ACSI Education Foundation is to advance the strategic growth, influence and effectiveness of Christian schooling worldwide through innovation, research, advocacy, and the stewardship of resources, ensuring that funds are available both today and in the future for the programs, services and mission of ACSI.

The purpose of ACSI Education Foundation is to support the work of ACSI.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,427,445$1,325,048▼ $102,397
Pledges and Grants Receivable$120,000$120,000→ $0
Savings and Temporary Cash Investments-$18,912-
Total Assets$1,547,445$1,463,960▼ $83,485
Liabilities
Other Liabilities$51,306$15,157▼ $36,149
Total Liabilities$51,306$15,157▼ $36,149
Net Assets / Fund Balance
Unrestricted Net Assets$996,139$948,803▼ $47,336
Temporarily Rstr Net Assets$500,000$500,000→ $0
Total Net Assets Fund Balance$1,496,139$1,448,803▼ $47,336
Total Liabilities and Net Assets / Fund Balance$1,547,445$1,463,960▼ $83,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jan StumpExec Director of ACSI Ed. FdnFT$107,631$21,626$129,257

Board Members and Trustees

NameTitle
Daniel EgelerChairman/President
Alan PueBoard Member
Arnold Trillet part yearBoard Member
David ManleyBoard Member
Dr Robert GriffithBoard Member
Paul CampeyBoard Member
Teri O'ConnorBoard Member
Tucker BrownBoard Member
Rick KemptonSecretary
Bret WichertVP of Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$72,822
Program Service Revenue
$0
Investment Income
$21,205
Other Revenue
$0
All Other Contributions
$72,822
Change in Net Assets
$-122,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,249
Other Expenses$77,729
Total Fundraising Expense$30,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$48,737$69,625$20,887$139,249
Fees for Services Other$12,471$17,816$5,345$35,632
Travel$10,460$14,943$4,483$29,886
Fees for Service Investment Mgmnt Fees-$10,557-$10,557
Office Expenses$370$528$158$1,056
Insurance$209$299$90$598
Total Functional Expenses$72,247$113,768$30,963$216,978
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to ACSI$15,157
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

ACSI Education Foundation does not have any committees with the authoriy to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

Form 990 is prepared by an independent CPA firm, then reviewed by the VP of Finance in detail before being posted for any and all board members to review and question for a reasonable amount of time before officially filing.

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

There is annual written affirmation of the "conflict of interest policy" by each board member. Monitoring for potential conflicts of interest is performed by the ACSI finance team, including the controller. If a potential conflict were to be identified, it would be taken to the VP of finance. Any actual conflict would be taken to the independent members of the board of directors to be voted on whether to proceed based on the best interests of the organization. Any director with a conflict would recuse his or her self from the decision making process.

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

15a - The Executive Director's compensation is approved by the Board. Comparability data is used, and the approval process is documented in the minutes. 15b - The organization does not compensate any other officers or key employees. Therefore, this question was marked no in accordance with the instructions.

Form 990, Part VI, Section C, line 19

Internal policies, such as the conflict of interest policy, are not made available to the public. Our governing document and financial statements are made available to interested parties upon request.

Form 990, Part VII, Section A and Schedule J, Part II:

No board members are compensated by the organization; the compensation reported in Form 990 Part VII and Schedule J is paid by a related organization, Association of Christian Schools International for services performed as an employee or independent contractor of that organization.

Filing and Contact Details

Filer

Filer Name
ACSI Education Foundation
EIN
30-0412105
Phone
7195286906
Address
PO Box 65130, Colorado Springs, CO 80962-6513

Signing Officer

Name
Bret Wichert
Title
VP of Finance
Phone
7195286906
Signed
2017-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Egeler
Formed
2006
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Capin Crouse LLP
Address
2435 Research Parkway STE 200, Colorado Springs, CO 80920
Preparer
Edward M Priem II
Phone
7195286225
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of September 30, 2016, ACSI Education Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. ACSI Education Foundation is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2013.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman/President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ACSI
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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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/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to ACSI
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of September 30, 2016, ACSI Education Foundation had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. ACSI Education Foundation is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalLiabilityAmt015157
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0221011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1132441
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt020552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt012038
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt112038
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1288
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Daniel Egeler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Bret Wichert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairman/President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP of Finance
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0255407
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1151404
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACSI Education Foundation does not have any committees with the authoriy to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by an independent CPA firm, then reviewed by the VP of Finance in detail before being posted for any and all board members to review and question for a reasonable amount of time before officially filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is annual written affirmation of the "conflict of interest policy" by each board member. Monitoring for potential conflicts of interest is performed by the ACSI finance team, including the controller. If a potential conflict were to be identified, it would be taken to the VP of finance. Any actual conflict would be taken to the independent members of the board of directors to be voted on whether to proceed based on the best interests of the organization. Any director with a conflict would recuse his or her self from the decision making process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt315a - The Executive Director's compensation is approved by the Board. Comparability data is used, and the approval process is documented in the minutes. 15b - The organization does not compensate any other officers or key employees. Therefore, this question was marked no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Internal policies, such as the conflict of interest policy, are not made available to the public. Our governing document and financial statements are made available to interested parties upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No board members are compensated by the organization; the compensation reported in Form 990 Part VII and Schedule J is paid by a related organization, Association of Christian Schools International for services performed as an employee or independent contractor of that organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VII, Section A and Schedule J, Part II:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ACSI Education Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Association of Christian Schools International
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ACSI Children Education Fund Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0956072567
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1474074093
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To support member schools in advancement of christian education.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Scholarship grants
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0731 Chapel Hills Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1731 Chapel Hills Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Colorado Springs
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Colorado Springs
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080920
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd180132
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Association of Christian Schools International
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Association of Christian Schools International
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Association of Christian Schools International
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00

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