Civic Intelligence

The Education Foundation

990 • Fiscal year 2015 • EIN 31-1705899

Jul 01, 2014 to Jun 30, 2015 • Filed on May 03, 2016

Organization ProfileWWW.EDUCATIONFDN.ORG
210 Sixth Avenue 33rd FloorPittsburgh, PA 15222

(412) 995-1886

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

72nd percentile

$105,769

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

7.4%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,636,543

Up $193,081 (+13%) from 2014

Net Assets

Up

$1,592,650

Up $160,277 (+11%) from 2014

Liabilities

Up

$43,893

Up $32,804 (+296%) from 2014

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin81st percentile

Revenue

Up

$705,738

Up $48,639 (+7.4%) from 2014

Expenses

Down

$545,461

Down $244,420 (-31%) from 2014

Net Income

Up

$160,277

Up $293,059 (+221%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,716,859Liabilities 2012: $31,018Net Assets 2012: $1,685,8412012Assets 2013: $1,575,473Liabilities 2013: $10,318Net Assets 2013: $1,565,1552013Assets 2014: $1,443,462Liabilities 2014: $11,089Net Assets 2014: $1,432,3732014Assets 2015: $1,636,543Liabilities 2015: $43,893Net Assets 2015: $1,592,6502015Assets 2016: $1,536,109Liabilities 2016: $5,948Net Assets 2016: $1,530,1612016Assets 2017: $1,277,307Liabilities 2017: $22,315Net Assets 2017: $1,254,9922017Assets 2018: $1,133,098Liabilities 2018: $3,205Net Assets 2018: $1,129,8932018Assets 2019: $1,080,566Liabilities 2019: $3,280Net Assets 2019: $1,077,2862019Assets 2020: $1,048,617Liabilities 2020: $3,478Net Assets 2020: $1,045,1392020Assets 2021: $1,051,361Liabilities 2021: $3,506Net Assets 2021: $1,047,8552021Assets 2022: $913,028Liabilities 2022: $2,399Net Assets 2022: $910,6292022Assets 2023: $855,943Liabilities 2023: $0Net Assets 2023: $855,9432023Assets 2024: $1,114,200Liabilities 2024: $0Net Assets 2024: $1,114,2002024

Highlighted filing

2015

Assets$1,636,543
Liabilities$43,893
Net Assets$1,592,650
Open 2015 Filing

Operations Trend

Revenue Growth59th percentile

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

$1.0M$500K$0-$500KExpenses 2012: $761,2492012Expenses 2013: $974,6812013Revenue 2014: $657,099Expenses 2014: $789,881Net Income 2014: -$132,7822014Revenue 2015: $705,738Expenses 2015: $545,461Net Income 2015: $160,2772015Revenue 2016: $606,071Expenses 2016: $668,560Net Income 2016: -$62,4892016Revenue 2017: $274,510Expenses 2017: $446,777Net Income 2017: -$172,2672017Revenue 2018: $149,546Expenses 2018: $184,304Net Income 2018: -$34,7582018Revenue 2019: $29,515Expenses 2019: $100,330Net Income 2019: -$70,8152019Revenue 2020: $28,152Expenses 2020: $63,965Net Income 2020: -$35,8132020Revenue 2021: $9,345Expenses 2021: $77,273Net Income 2021: -$67,9282021Revenue 2022: $12,935Expenses 2022: $117,848Net Income 2022: -$104,9132022Revenue 2023: $3,863Expenses 2023: $109,186Net Income 2023: -$105,3232023Revenue 2024: $216,496Expenses 2024: $19,986Net Income 2024: $196,5102024

Highlighted filing

2015

Revenue$705,738
Expenses$545,461
Net Income$160,277
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 3, 2016
Return Version
2014v6.0
Gross Receipts
$766,594
Mission and Program Overview

Mission

Founded in 1999, the education foundation was created to provide research, direct services, and offer scholarships to advance education.

To promote research and study in the field of professional education and to provide scholarships to deserving students engaged in such studies

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,386,986$1,572,185▲ $185,199
Accounts Receivable$13,942$51,500▲ $37,558
Pledges and Grants Receivable$30,000--
Land, Buildings, and Equipment, Net$5,000$7,500▲ $2,500
Prepaid Expenses and Deferred Charges$7,534$5,358▼ $2,176
Total Assets$1,443,462$1,636,543▲ $193,081
Liabilities
Accounts Payable and Accrued Expenses$11,089$43,893▲ $32,804
Total Liabilities$11,089$43,893▲ $32,804
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,277,944$1,323,972▲ $46,028
Permanently Rstr Net Assets$50,000$150,000▲ $100,000
Unrestricted Net Assets$104,429$118,678▲ $14,249
Total Net Assets Fund Balance$1,432,373$1,592,650▲ $160,277
Total Liabilities and Net Assets / Fund Balance$1,443,462$1,636,543▲ $193,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,500$4,550$12,050

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$50,000---$50,000
2013$20,000$30,000--$50,000
2012$20,000---$20,000
2011$20,000-▲ $87-$20,000
2010$20,000-▲ $178-$20,000
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donn PattonExecutive Director (exit 10/2014)FT$105,769$105,769

Board Members and Trustees

NameTitle
Dennis FantaskiPresident (effective 5/2015)
Erika FlemingPresident (exit 5/2015)
Alisa KrouseDirector
Justin McglothinDirector
Winfield W MajorDirector
Jane CinkDirector (enter 12/2014)
Michael KoenigDirector (enter 6/2015)
David TungateDirector (exit 11/2014)
Donald McdadeDirector (exit 12/2014)
David EreksonDirector (exit 9/2014)
Frank OrgaExec. Director (effective 4/2015)
Carla CaldwellSecretary
Brian R RichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$678,642
Program Service Revenue
$0
Investment Income
$1,415
Other Revenue
$25,681
All Other Contributions
$543,299
Change in Net Assets
$160,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$705,738
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,000
Total Revenue per Audited Statements
$717,738
Total Revenue per Form 990
$705,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$356,226
Salaries, Compensation, and Employee Benefits$135,146
Other Expenses$54,089
Total Fundraising Expense$37,104
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$356,226--$356,226
Current Officers, Directors, Trustees, and Key Employees$37,663$14,394$15,058$67,115
Other Salaries and Wages$25,755$13,502$13,059$52,316
Travel$12,883$1,082-$13,965
Payroll Taxes$6,110$2,677$2,654$11,441
Fees for Services Accounting-$11,333-$11,333
Information Technology$4,061$1,780$1,764$7,605
Office Expenses-$5,678-$5,678
Fees for Services Legal-$5,642-$5,642
Other Employee Benefits$2,282$1,000$992$4,274
Insurance-$3,100-$3,100
Depreciation Depletion$1,335$585$580$2,500
Other Expenses$123$53$54$230
Total Functional Expenses$446,438$61,919$37,104$545,461

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$557,461
Expenses per Audited Statements$545,461
Total Expenses per Form 990$545,461
Expenses Not Reported on Form 990$12,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$83,107
Fundraising Direct Expenses$58,677
Gaming Gross Income$3,430
Gaming Direct Expenses$2,179
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$161,443$26,100$8,539$17,561
Total Events$218,450$83,107$58,677$24,430
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Business relationship: caldwell, cink, erekson, fantaski, krouse, fleming, rich, mcglothin.”

Form 990, Part VI, Section B, Line 11

“A full copy of the form 990 is reviewed by the foundation's executive director and finance/audit committee. Upon review, a copy of the 990 is provided to the full board prior to final filing with the internal revenue service.”

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

“During board meetings, each member informs the board of any conflict he/she may have regarding a discussion topic. The conflict of interest policy and the disclosure questionnaire are reviewed and signed on an annual basis. These documents are reviewed by the foundation's attorney and kept on file at the foundation's office.”

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

“The board of directors reviews and determines the executive directors compenation rate. The rate was determined based on the economic and market conditions at the time the rate was set. In addition, the duties of the executive director are reviewed and discussed during the annual meeting.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Education Foundation
EIN
31-1705899
Phone
4129951886
Address
210 SIXTH AVENUE 33RD FLOOR, PITTSBURGH, PA 15222

Signing Officer

Name
Brian Rich
Title
Treasurer
Phone
4129951886
Signed
2016-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Rich
Formed
1999
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
340

Preparer

Firm
Schneider Downs & Co Inc
Address
ONE PPG PLACE SUITE 1700, PITTSBURGH, PA 15222
Preparer
Eugene J Logan
Phone
4122613644
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING:

“The audit committee is responsible for the selection of the independent accountants, the review of the draft financial statements and approval of the financial statements. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (irc) and has been classified as a public charity under section 509(a)(1) and 170(b)(1)(a)(vi) of the irc. Accordingly, no provision for income taxes is recorded in the financial statements. In addition, the foundation has not identified any material uncertain tax positions requiring an accrual or disclosure in the financial statements. The foundation is no longer subject to examinations by taxing authorities in any major tax jurisdiction for years before june 30, 2012.”

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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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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS A PHILANTHROPIC ORGANIZATION THAT EXISTS TO ASSIST EDUCATION MANAGEMENT CORPORATION (EDMC) STUDENTS IN THEIR PROFESSIONAL AND CAREER EDUCATION. THE FOUNDATION RAISES MONEY FOR SCHOLARSHIPS TO STUDENTS CURRENTLY ENROLLED AT THE ART INSTITUTES, ARGOSY UNIVERSITY, WESTERN STATE UNIVERSITY COLLEGE OF LAW, BROWN MACKIE COLLEGE, AND SOUTH UNIVERSITY SCHOOLS THROUGHOUT THE UNITED STATES. THE FOUNDATION IS AN ORGANIZATION THAT IS COMMITTED TO ASSISTING STUDENTS AT ALL THE EDMC SCHOOLS AND PROGRAMS.
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
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IRS990/OtherExpensesGrp/FundraisingAmt154
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01093
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153
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IRS990/OtherExpensesGrp/TotalAmt02943
IRS990/OtherExpensesGrp/TotalAmt11093
IRS990/OtherExpensesGrp/TotalAmt2230
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013502
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025755
IRS990/OtherSalariesAndWagesGrp/TotalAmt052316
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02654
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02677
IRS990/PayrollTaxesGrp/ProgramServicesAmt06110
IRS990/PayrollTaxesGrp/TotalAmt011441
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt050000
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05358
IRS990/PrincipalOfficerNm0BRIAN RICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0661597
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0553333
IRS990/PYInvestmentIncomeAmt01281
IRS990/PYOtherExpensesAmt052766
IRS990/PYOtherRevenueAmt0-5779
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-132782
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IRS990/PYTotalRevenueAmt0657099
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0160277
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01386986
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01572185
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0860399
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IRS990ScheduleA/PublicOrganization170Ind0X
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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/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt020000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt020000
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020000
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt087
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt020000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0178
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0178
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt012000
IRS990ScheduleD/DonatedServicesUseFcltsAmt012000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND HAS BEEN CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAXING AUTHORITIES IN ANY MAJOR TAX JURISDICTION FOR YEARS BEFORE JUNE 30, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF EVENT
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt057007
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IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt04537

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,636,543
Liabilities
$43,893
Net assets
$1,592,650
Revenue
$705,738
Expenses
$545,461
Net income
$160,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.22$0.02$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.00$0.11$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.01$0.12$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.01$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.03$0.06$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.03$0.10$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.15$0.18$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.28$0.02$1.25$0.27$0.45$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.53$0.61$0.67$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.59$0.71$0.55$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$0.66$0.79$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.01$1.57$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.03$1.69$0.76