Civic Intelligence

The Education Foundation

990 • Fiscal year 2019 • EIN 31-1705899

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 13, 2019

Organization ProfileWWW.EDUCATIONFDN.ORG
115 Bridle RoadGlenshaw, PA 15116

(412) 453-6272

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-240%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$50,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 169.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

20th percentile

-4.6%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$1,080,566

Down $52,532 (-4.6%) from 2018

Net Assets

Down

$1,077,286

Down $52,607 (-4.7%) from 2018

Liabilities

Up

$3,280

Up $75 (+2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$29,515

Down $120,031 (-80%) from 2018

Expenses

Down

$100,330

Down $83,974 (-46%) from 2018

Net Income

Down

-$70,815

Down $36,057 (-104%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2019

Assets$1,080,566
Liabilities$3,280
Net Assets$1,077,286
Open 2019 Filing

Operations Trend

Revenue Growth1st 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

2019

Revenue$29,515
Expenses$100,330
Net Income-$70,815
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 13, 2019
Return Version
2018v3.1
Gross Receipts
$29,515
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$649,759$981,115▲ $331,356
Investments in Publicly Traded Securities$58,596$59,286▲ $690
Cash and Non-Interest-Bearing Accounts$417,819$33,458▼ $384,361
Prepaid Expenses and Deferred Charges$6,924$6,707▼ $217
Total Assets$1,133,098$1,080,566▼ $52,532
Liabilities
Accounts Payable and Accrued Expenses$3,205$3,280▲ $75
Total Liabilities$3,205$3,280▲ $75
Net Assets / Fund Balance
Unrestricted Net Assets$820,652$783,021▼ $37,631
Temporarily Rstr Net Assets$259,241$244,265▼ $14,976
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$1,129,893$1,077,286▼ $52,607
Total Liabilities and Net Assets / Fund Balance$1,133,098$1,080,566▼ $52,532

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$50,000---$50,000
2017$50,000---$50,000
2016$50,000---$50,000
2015$50,000---$50,000
2014$50,000---$50,000
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
Liam HennessyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,567
Program Service Revenue
$0
Investment Income
$9,948
Other Revenue
$0
All Other Contributions
$19,567
Change in Net Assets
$-70,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$54,579
Grants and Similar Amounts Paid$28,011
Other Expenses$17,740
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,984$9,996-$49,980
Grants to Domestic Individuals$28,011--$28,011
Fees for Services Accounting-$11,000-$11,000
Payroll Taxes$3,680$919-$4,599
Insurance-$3,644-$3,644
Office Expenses$57$520-$577
All Other Expenses$275$46-$321
Other Expenses$214$54-$268
Total Functional Expenses$73,531$26,799$0$100,330
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Page 6, Part VI, Line 11B

“A full copy of the form 990 is reviewed by the foundation's board of directors prior to 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.”

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
115 BRIDLE ROAD, GLENSHAW, PA 15116

Signing Officer

Name
Andrew Weckman
Title
Acting President
Phone
4124536272
Signed
2019-09-13
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
1

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, Part XI, Line 9

“DONOR REFUNDS -4,000”

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 provisions for income taxes is recorded in the federal statements. In addition, the foundation has not identified any material uncertain tax positions required 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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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 PROVISIONS FOR INCOME TAXES IS RECORDED IN THE FEDERAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRED 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FULL COPY OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DONOR REFUNDS -4,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES R HUNE CPA
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ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,080,566
Liabilities
$3,280
Net assets
$1,077,286
Revenue
$29,515
Expenses
$100,330
Net income
-$70,815
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