Civic Intelligence

The Education Foundation

990 • Fiscal year 2018 • EIN 31-1705899

Jul 01, 2017 to Jun 30, 2018 • Filed on Jun 06, 2018

Organization ProfileWWW.EDUCATIONFDN.ORG
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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$50,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 33.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,133,098

Down $144,209 (-11%) from 2017

Net Assets

Down

$1,129,893

Down $125,099 (-10.0%) from 2017

Liabilities

Down

$3,205

Down $19,110 (-86%) from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin12th percentile

Revenue

Down

$149,546

Down $124,964 (-46%) from 2017

Expenses

Down

$184,304

Down $262,473 (-59%) from 2017

Net Income

Up

-$34,758

Up $137,509 (+80%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2018

Assets$1,133,098
Liabilities$3,205
Net Assets$1,129,893
Open 2018 Filing

Operations Trend

Revenue Growth6th 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

2018

Revenue$149,546
Expenses$184,304
Net Income-$34,758
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jun 6, 2018
Return Version
2017v2.3
Gross Receipts
$150,025
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$902,067$649,759▼ $252,308
Cash and Non-Interest-Bearing Accounts$205,685$417,819▲ $212,134
Investments in Publicly Traded Securities$153,829$58,596▼ $95,233
Accounts Receivable$10,465--
Prepaid Expenses and Deferred Charges$4,449$6,924▲ $2,475
Land, Buildings, and Equipment, Net$812--
Total Assets$1,277,307$1,133,098▼ $144,209
Liabilities
Accounts Payable and Accrued Expenses$22,315$3,205▼ $19,110
Total Liabilities$22,315$3,205▼ $19,110
Net Assets / Fund Balance
Unrestricted Net Assets$1,004,948$820,652▼ $184,296
Temporarily Rstr Net Assets$200,044$259,241▲ $59,197
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$1,254,992$1,129,893▼ $125,099
Total Liabilities and Net Assets / Fund Balance$1,277,307$1,133,098▼ $144,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$12,050$12,050
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew WeckmanActing PresiFT$50,000$50,000

Board Members and Trustees

NameTitle
Cathleen C RaffaeliChair
Winfield W MajorDirector
Deb KotilaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,840
Program Service Revenue
$0
Investment Income
$8,519
Other Revenue
$187
All Other Contributions
$720
Change in Net Assets
$-34,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,597
Salaries, Compensation, and Employee Benefits$65,154
Total Fundraising Expense$48,230
Other Expenses$34,553
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$84,597--$84,597
Other Salaries and Wages$5,897$11,792$41,273$58,962
Fees for Services Accounting-$18,652-$18,652
Payroll Taxes$620$1,238$4,334$6,192
Insurance-$1,310-$1,310
All Other Expenses$54$221$769$1,044
Other Expenses$606$316$792$922
Depreciation Depletion$82$162$568$812
Office Expenses$62$124$434$620
Fees for Services Other-$245-$245
Travel$9$17$60$86
Total Functional Expenses$101,771$34,303$48,230$184,304
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$666
Fundraising Direct Expenses$479
Professional Fundraising Fees$0
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
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“A full copy of the form 990 is reviewed by the foundation's executive director and finance 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, Page 6, Part VI, 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, Page 6, Part VI, 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, Page 6, Part VI, 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
2018-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Weckman
Formed
1999
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
2

Preparer

Firm
Creese Smith & Co LLC
Address
8150 PERRY HWY STE 105, PITTSBURGH, PA 15237-5232
Preparer
James R Hune CPA
Phone
4126359088
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The amended return reflects adjustments made to the allocations of income and expenses. The income allocation adjustments include changes made to contributions, fundraising event income, and unrealized gains on investments. Expense allocation adjustments include changes made to scholarships and fundraising expenses. All adjustments were made to correctly account for the true nature of all transactions and to accurately categorize the current year activity between unrestricted, temporarily restricted and permanently restricted net assets.”

Form 990, Part XI, Line 9

“DONOR REFUNDS -96,342”

Financial Statement Notes

Schedule D, Page 3, Part X

“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.”

Raw XML Appendix374 raw XML fields

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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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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AMENDED RETURN REFLECTS ADJUSTMENTS MADE TO THE ALLOCATIONS OF INCOME AND EXPENSES. THE INCOME ALLOCATION ADJUSTMENTS INCLUDE CHANGES MADE TO CONTRIBUTIONS, FUNDRAISING EVENT INCOME, AND UNREALIZED GAINS ON INVESTMENTS. EXPENSE ALLOCATION ADJUSTMENTS INCLUDE CHANGES MADE TO SCHOLARSHIPS AND FUNDRAISING EXPENSES. ALL ADJUSTMENTS WERE MADE TO CORRECTLY ACCOUNT FOR THE TRUE NATURE OF ALL TRANSACTIONS AND TO ACCURATELY CATEGORIZE THE CURRENT YEAR ACTIVITY BETWEEN UNRESTRICTED, TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED NET ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A FULL COPY OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND FINANCE 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 -96,342
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/StatesWhereCopyOfReturnIsFldCd10NJ
IRS990/StatesWhereCopyOfReturnIsFldCd11NY
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0200044
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0259241
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01277307
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IRS990/TotalContributionsAmt0140840
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt048230
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034303
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101771
IRS990/TotalFunctionalExpensesGrp/TotalAmt0184304
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022315
IRS990/TotalLiabilitiesEOYAmt03205
IRS990/TotalLiabilitiesGrp/BOYAmt022315
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IRS990/TotalProgramServiceExpensesAmt0101771
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt08519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0149546
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01277307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01133098
IRS990/TravelGrp/FundraisingAmt060
IRS990/TravelGrp/ManagementAndGeneralAmt017
IRS990/TravelGrp/ProgramServicesAmt09
IRS990/TravelGrp/TotalAmt086
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01004948
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0820652
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GLENSHAW
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IRS990/USAddress/ZIPCd015116
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.EDUCATIONFDN.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW WECKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04124536272
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
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ReturnHeader/Filer/PhoneNum04124536272
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ReturnHeader/Filer/USAddress/ZIPCd015116
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F45200C2CFB4CF20C83B3FF346B20286824B0463
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F45200C2CFB4CF20C83B3FF346B20286824B0463
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.37.61.238
ReturnHeader/FilingSecurityInformation/IPDt02019-06-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:30:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251801538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CREESE SMITH & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08150 PERRY HWY STE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0152375232
ReturnHeader/PreparerPersonGrp/PhoneNum04126359088
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES R HUNE CPA
ReturnHeader/ReturnTs02019-06-06T12:30:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,133,098
Liabilities
$3,205
Net assets
$1,129,893
Revenue
$149,546
Expenses
$184,304
Net income
-$34,758
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