Civic Intelligence

The Education Foundation

990 • Fiscal year 2021 • EIN 31-1705899

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 23, 2021

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

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-727%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$50,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 535.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

0.3%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,051,361

Up $2,744 (+0.3%) from 2020

Net Assets

Up

$1,047,855

Up $2,716 (+0.3%) from 2020

Liabilities

Up

$3,506

Up $28 (+0.8%) from 2020

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin1st percentile

Revenue

Down

$9,345

Down $18,807 (-67%) from 2020

Expenses

Up

$77,273

Up $13,308 (+21%) from 2020

Net Income

Down

-$67,928

Down $32,115 (-90%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2021

Assets$1,051,361
Liabilities$3,506
Net Assets$1,047,855
Open 2021 Filing

Operations Trend

Revenue Growth3rd 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

2021

Revenue$9,345
Expenses$77,273
Net Income-$67,928
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 23, 2021
Return Version
2020v4.0
Gross Receipts
$9,345
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$951,446$930,422▼ $21,024
Investments in Publicly Traded Securities$70,770$96,676▲ $25,906
Cash and Non-Interest-Bearing Accounts$16,432$21,234▲ $4,802
Prepaid Expenses and Deferred Charges$9,969$3,029▼ $6,940
Total Assets$1,048,617$1,051,361▲ $2,744
Liabilities
Accounts Payable and Accrued Expenses$3,478$3,506▲ $28
Total Liabilities$3,478$3,506▲ $28
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$750,874$753,590▲ $2,716
Net Assets With Donor Restrictions$294,265$294,265→ $0
Total Net Assets Fund Balance$1,045,139$1,047,855▲ $2,716
Total Liabilities and Net Assets / Fund Balance$1,048,617$1,051,361▲ $2,744

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$12,050$12,050
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

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

Board Members and Trustees

NameTitle
Cathleen C RaffaeliChair
Winfield W MajorDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$104
Program Service Revenue
$0
Investment Income
$9,241
Other Revenue
$0
All Other Contributions
$104
Change in Net Assets
$-67,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$54,464
Other Expenses$22,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$50,000-$50,000
Information Technology-$8,294-$8,294
Fees for Services Accounting-$6,500-$6,500
Fees for Services Legal-$4,575-$4,575
Payroll Taxes-$4,464-$4,464
Insurance-$3,393-$3,393
Office Expenses-$47-$47
Total Functional Expenses$0$77,273$0$77,273
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 35% controlled entity
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 form 990 is reviewed by the foundation's baord 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 questionaire 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 compensation 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
2021-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Weckman
Formed
1999
Legal Domicile
Pa
Voting Board Members
2
Independent Board Members
2
Employees
1

Preparer

Firm
Hennessy Blotzer LLC
Address
712 KEWANNA AVE, PITTSBURGH, PA 15234-1205
Preparer
Cory Blotzer CPA
Phone
4124801157
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FULL COPY OF FORM 990 IS REVIEWED BY THE FOUNDATION'S BAORD 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 QUESTIONAIRE ARE REVIEWED AND SIGNED ON AN ANNUAL BASIS.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0311705899
ReturnHeader/Filer/PhoneNum04124536272
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 BRIDLE ROAD
ReturnHeader/Filer/USAddress/CityNm0GLENSHAW
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015116
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871456824
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENNESSY BLOTZER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0712 KEWANNA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0152341205
ReturnHeader/PreparerPersonGrp/PhoneNum04124801157
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORY BLOTZER CPA
ReturnHeader/ReturnTs02021-09-24T12:22:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WECKMAN
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,051,361
Liabilities
$3,506
Net assets
$1,047,855
Revenue
$9,345
Expenses
$77,273
Net income
-$67,928
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