Civic Intelligence

Laguna Education Foundation Inc

EIN 31-1711693 • 501(c)3

Profile

The mission of the laguna education foundation is to support the laguna department of education and education initiatives of the pueblo of laguna.

PO Box 64587026

www.lagunaedfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.19x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

4.36x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

7th percentile

-162%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

64th percentile

6.5%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$367,653

Up $22,335 (+6.5%) from 2013

Liabilities

Up

$70,518

Up $48,518 (+221%) from 2013

Net Assets

Down

$297,135

Down $26,183 (-8.1%) from 2013

Operations
Liabilities / Revenue98th percentileNet Margin7th percentile

Revenue

$16,157

No earlier filing loaded for comparison.

Expenses

Up

$42,340

Up $16,600 (+64%) from 2013

Net Income

-$26,183

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $491,777Liabilities 2012: $148,600Net Assets 2012: $343,1772012Assets 2013: $345,318Liabilities 2013: $22,000Net Assets 2013: $323,3182013Assets 2014: $367,653Liabilities 2014: $70,518Net Assets 2014: $297,1352014

Highlighted filing

2014

Assets$367,653
Liabilities$70,518
Net Assets$297,135
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KExpenses 2012: $159,1662012Expenses 2013: $25,7402013Revenue 2014: $16,157Expenses 2014: $42,340Net Income 2014: -$26,1832014

Highlighted filing

2014

Revenue$16,157
Expenses$42,340
Net Income-$26,183
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$367,653
Liabilities
$70,518
Net assets
$297,135
Revenue
$16,157
Expenses
$42,340
Net income
-$26,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$3.68$0.71$2.97$0.16$0.42$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.22$3.23$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$1.49$3.43$1.59
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$16,157
Mission and Program Overview

Mission

The mission of the laguna education foundation is to support the laguna department of education and education initiatives of the pueblo of laguna.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$317,613$330,394▲ $12,781
Savings and Temporary Cash Investments$27,705$27,259▼ $446
Total Assets$345,318$367,653▲ $22,335
Other Assets Total-$10,000-
Liabilities
Other Liabilities$22,000$70,518▲ $48,518
Total Liabilities$22,000$70,518▲ $48,518
Net Assets / Fund Balance
Unrestricted Net Assets$300,151$282,075▼ $18,076
Temporarily Rstr Net Assets$23,167$15,060▼ $8,107
Total Net Assets Fund Balance$323,318$297,135▼ $26,183
Total Liabilities and Net Assets / Fund Balance$345,318$367,653▲ $22,335
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Tom TrujilloPresident
Kara Lee BobroffMember
Melissa RileySecretary
Howard FunchessTreasurer
Alicia SanchezTribal Counc
Zachary GarciaTribal Counc
Revenue and Support

Revenue Composition

Contributions and Grants
$16,157
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$16,157
Change in Net Assets
$-26,183

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,157
Total Revenue per Audited Statements
$16,157
Total Revenue per Form 990
$16,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,250
Other Expenses$18,090
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$24,250--$24,250
Fees for Services Other-$6,384-$6,384
Office Expenses-$3,875-$3,875
Fees for Service Investment Mgmnt Fees-$3,600-$3,600
Insurance-$2,362-$2,362
Travel-$984-$984
Other Expenses-$29-$29
Total Functional Expenses$24,250$18,090$0$42,340

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,340
Total Expenses per Audited Statements$42,340
Total Expenses per Form 990$42,340
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
New Mexico Community Foundation$70,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the 990 draft is provided to and reviewed by the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“The foundation did not have a paid executive director during the year as those services were provided on a volunteer basis. When the executive director is compensated by the foundation this compensation is reviewed, on an annual basis, by the superintendent of the laguna department of education and the board of directors. The board approves the compensation for the executive director.”

Form 990, Page 6, Part VI, Line 15B

“During the year ended june 30, 2014,no officers were compensated by the foundation. When compensated, officers and key employee compensation is reviewed and approved annually by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

EIN
31-1711693
Phone
5055526377

Signing Officer

Name
Howard Funchess
Title
Treasurer
Phone
5055526377
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard Funchess
Formed
1995
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
1

Preparer

Preparer
Armando Sanchez
Phone
5052935009
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“0 6,384 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation regularly evaluates activities as it relates to its tax exempt status. If foundation activities are determined to be outside of its tax exempt status the potential exists for tax liabilities on those unrelated activities. Currently, the foundation engages in no activities that would be taxed as unrelated business income. Accordingly, no provision for income taxes has been reflected in the foundation's financial statements. The foundation's income tax filings are subject to audit by various taxing authorities. The foundation has adopted the provisions of fasb asc 740-10, "accounting for uncertainty in income taxes." the foundation has not recognized any changes to its financial statements for uncertain tax positions resulting from this adoption.”

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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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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD FUNCHESS
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ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10LAGUNA EDUCATION FOUNDATION INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202486011
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LOFTIS GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine106721 ACADEMY RD NE STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ALBUQUERQUE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0871093370
ReturnHeader/PreparerPersonGrp/PhoneNum05052935009
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARMANDO SANCHEZ
ReturnHeader/ReturnTs02015-05-15T17:05:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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