Civic Intelligence

The Education Foundation

990 • Fiscal year 2017 • EIN 31-1705899

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

PO Box 153Glenshaw, PA 15116

(412) 453-6272

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.08x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$77,500

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,277,307

Down $258,802 (-17%) from 2016

Net Assets

Down

$1,254,992

Down $275,169 (-18%) from 2016

Liabilities

Up

$22,315

Up $16,367 (+275%) from 2016

Revenue

Down

$274,510

Down $331,561 (-55%) from 2016

Expenses

Down

$446,777

Down $221,783 (-33%) from 2016

Net Income

Down

-$172,267

Down $109,778 (-176%) from 2016

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 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

2017

Assets$1,277,307
Liabilities$22,315
Net Assets$1,254,992

Operations Trend

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

2017

Revenue$274,510
Expenses$446,777
Net Income-$172,267
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$298,311
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,056,124$902,067▼ $154,057
Cash and Non-Interest-Bearing Accounts$260,329$205,685▼ $54,644
Investments in Publicly Traded Securities$145,128$153,829▲ $8,701
Accounts Receivable$62,910$10,465▼ $52,445
Prepaid Expenses and Deferred Charges$7,472$4,449▼ $3,023
Land, Buildings, and Equipment, Net$4,146$812▼ $3,334
Total Assets$1,536,109$1,277,307▼ $258,802
Liabilities
Accounts Payable and Accrued Expenses$5,948$22,315▲ $16,367
Total Liabilities$5,948$22,315▲ $16,367
Net Assets / Fund Balance
Unrestricted Net Assets$105,641$1,004,948▲ $899,307
Temporarily Rstr Net Assets$1,374,520$200,044▼ $1,174,476
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$1,530,161$1,254,992▼ $275,169
Total Liabilities and Net Assets / Fund Balance$1,536,109$1,277,307▼ $258,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$812$11,238$12,050

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$50,000---$50,000
2015$50,000---$50,000
2014$50,000---$50,000
2013$20,000$30,000--$50,000
2012$20,000---$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Frank OrgaPresident/secretaryFT$77,500$77,500
Debra KotilaTreasurer (entered 03/2017)-$46,488$46,488

Board Members and Trustees

NameTitle
Cathi RaffaeliChair
Winfield W MajorVice Chair
Pam BellDirector (exited 04/2017)
Brian R RichTreasurer (exited 07/2016)
Revenue and Support

Revenue Composition

Contributions and Grants
$283,128
Program Service Revenue
$0
Investment Income
$4,782
Other Revenue
$-13,400
All Other Contributions
$234,168
Change in Net Assets
$-172,267

Audited Revenue Reconciliation

Revenue per Audited Statements
$274,510
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,640
Total Revenue per Audited Statements
$283,150
Total Revenue per Form 990
$274,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$244,254
Salaries, Compensation, and Employee Benefits$138,544
Total Fundraising Expense$69,142
Other Expenses$59,529
Professional Fundraising Fees$4,450

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$244,254--$244,254
Current Officers, Directors, Trustees, and Key Employees$30,881$11,580$34,741$77,202
Other Salaries and Wages$7,471$29,885$12,452$49,808
Fees for Services Accounting-$14,449-$14,449
Information Technology$3,829$5,221$4,873$13,923
Payroll Taxes$3,172$4,325$4,037$11,534
Fees for Services Legal-$6,570-$6,570
All Other Expenses$1,363$1,862$1,736$4,961
Insurance-$4,469-$4,469
Fees for Services Professional Fundraising--$4,450$4,450
Depreciation Depletion$917$1,250$1,167$3,334
Occupancy$805$1,097$1,024$2,926
Office Expenses$219$2,272$375$2,866
Travel$347$473$441$1,261
Other Expenses$314$428$400$1,142
Fees for Services Other$77$105$98$280
Total Functional Expenses$293,649$83,986$69,142$446,777

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,777
Total Expenses per Audited Statements$446,777
Total Expenses per Form 990$446,777
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,801
Fundraising Gross Income$10,401
Professional Fundraising Fees$4,450

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$59,361$10,401$4,156$6,245
Total Events$59,361$10,401$23,801$-13,400
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
Yes
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 4

The organization's bylaws were modified in the current year to reflect the following concepts: - at-least half the board of directors must be independent - the term length of a director has been reduced from three years to one year - the organization eliminated provisions relating to ex-officio directors - the board of directors may appoint a chair and vice chair of the board - board members may now be compensated for their services as a director - the position of treasurer has been eliminated from the list of officers of the organization - the term length of an officer has been reduced from two years to one year - the organization has eliminated provisions relating to an audit committee

Form 990, Part VI, Section B, Line 11B

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
4124536272
Address
PO BOX 153, GLENSHAW, PA 15116

Signing Officer

Name
Andrew Weckman
Title
Acting President
Phone
4124536272
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Weckman
Formed
1999
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
2
Employees
2
Volunteers
11

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 XI, LINE 9:

DONOR REFUNDS -111,542.

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 sections 509(a)(l) and 170(b)(l)(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, 2014.

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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/PayrollTaxesGrp/ManagementAndGeneralAmt04325
IRS990/PayrollTaxesGrp/ProgramServicesAmt03172
IRS990/PayrollTaxesGrp/TotalAmt011534
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt050000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07472
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04449
IRS990/PrincipalOfficerNm0ANDREW WECKMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0589777
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0466511
IRS990/PYInvestmentIncomeAmt0968
IRS990/PYOtherExpensesAmt052124
IRS990/PYOtherRevenueAmt015326
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-62489
IRS990/PYSalariesCompEmpBnftPaidAmt0149925
IRS990/PYTotalExpensesAmt0668560
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0606071
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-172267
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01056124
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0902067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0283128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0589777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0582449
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0661597
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0860399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02977350
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01415
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01281
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0872
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09318
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02147
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02147
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97170
IRS990ScheduleA/PublicSupportPY170Pct00.98580
IRS990ScheduleA/PublicSupportTotal170Amt02904362
IRS990ScheduleA/SubstantialContributorsTotAmt072988
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0283128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0589777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0582449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0661597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0860399
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02977350
IRS990ScheduleA/TotalSupportAmt02988815
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/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt020000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt020000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt020000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0812
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012050
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0446777
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt08640
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt08640
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0274510
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 SECTIONS 509(A)(L) AND 170(B)(L)(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, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0812
IRS990ScheduleD/TotalExpensesPerForm990Amt0446777
IRS990ScheduleD/TotalRevenuePerForm990Amt0274510
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0283150
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446777
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt02600
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt02600
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt048960
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt048960
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023801
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt06163
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06163
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt059361
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt059361
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010401
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt010401
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-13400
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04156
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04156
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010882
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010882
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0244254
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt081
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUNDS ARE AWARDED ON A FINANCIAL NEED BASIS AND ACADEMIC MERIT. THE CHECK IS SENT TO THE SCHOOL FOR ENDORSEMENT BY THE SCHOOL AND THE STUDENT. THE CHECK IS THEN DEPOSITED INTO THE STUDENTS TUITION ACCOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BYLAWS WERE MODIFIED IN THE CURRENT YEAR TO REFLECT THE FOLLOWING CONCEPTS: - AT-LEAST HALF THE BOARD OF DIRECTORS MUST BE INDEPENDENT - THE TERM LENGTH OF A DIRECTOR HAS BEEN REDUCED FROM THREE YEARS TO ONE YEAR - THE ORGANIZATION ELIMINATED PROVISIONS RELATING TO EX-OFFICIO DIRECTORS - THE BOARD OF DIRECTORS MAY APPOINT A CHAIR AND VICE CHAIR OF THE BOARD - BOARD MEMBERS MAY NOW BE COMPENSATED FOR THEIR SERVICES AS A DIRECTOR - THE POSITION OF TREASURER HAS BEEN ELIMINATED FROM THE LIST OF OFFICERS OF THE ORGANIZATION - THE TERM LENGTH OF AN OFFICER HAS BEEN REDUCED FROM TWO YEARS TO ONE YEAR - THE ORGANIZATION HAS ELIMINATED PROVISIONS RELATING TO AN AUDIT COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DONOR REFUNDS -111,542.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2FL
IRS990/StatesWhereCopyOfReturnIsFldCd3GA
IRS990/StatesWhereCopyOfReturnIsFldCd4IL
IRS990/StatesWhereCopyOfReturnIsFldCd5KS
IRS990/StatesWhereCopyOfReturnIsFldCd6KY
IRS990/StatesWhereCopyOfReturnIsFldCd7MD
IRS990/StatesWhereCopyOfReturnIsFldCd8MA
IRS990/StatesWhereCopyOfReturnIsFldCd9MN
IRS990/StatesWhereCopyOfReturnIsFldCd10NJ
IRS990/StatesWhereCopyOfReturnIsFldCd11NY
IRS990/StatesWhereCopyOfReturnIsFldCd12NC
IRS990/StatesWhereCopyOfReturnIsFldCd13OH
IRS990/StatesWhereCopyOfReturnIsFldCd14OR
IRS990/StatesWhereCopyOfReturnIsFldCd15PA
IRS990/StatesWhereCopyOfReturnIsFldCd16SC
IRS990/StatesWhereCopyOfReturnIsFldCd17TN
IRS990/StatesWhereCopyOfReturnIsFldCd18WA
IRS990/StatesWhereCopyOfReturnIsFldCd19WI
IRS990/StatesWhereCopyOfReturnIsFldCd20CO
IRS990/StatesWhereCopyOfReturnIsFldCd21HI

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