Civic Intelligence

Logan County Education Foundation

EIN 34-1598184 • 501(c)3 • Bellefontaine, OH

Profile

To promote educational excellence in our community by raising funds to award teacher grants to educators and managing privately funded teacher grant and scholarship funds to award grants to educators and scholarships to students.

1973 State Route 47 WestBellefontaine, OH 43311-2025

www.lcedfd.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$23,538

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

9.5%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

80%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$4,046,346

Down $743,093 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$4,046,346

Down $743,093 (-16%) from 2021

Operations
Liabilities / Revenue20th percentileNet Margin68th percentile

Revenue

Down

$370,875

Down $3,842 (-1.0%) from 2021

Expenses

Up

$214,580

Up $8,095 (+3.9%) from 2021

Net Income

Down

$156,295

Down $11,937 (-7.1%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

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

$6.0M$4.0M$2.0M$0Assets 2021: $4,789,439Liabilities 2021: $0Net Assets 2021: $4,789,4392021Assets 2022: $4,046,346Liabilities 2022: $0Net Assets 2022: $4,046,3462022

Highlighted filing

2022

Assets$4,046,346
Liabilities$0
Net Assets$4,046,346
Open 2022 Filing

Operations Trend

Revenue Growth89th percentile

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

$400K$300K$200K$100K$0Revenue 2021: $374,717Expenses 2021: $206,485Net Income 2021: $168,2322021Revenue 2022: $370,875Expenses 2022: $214,580Net Income 2022: $156,2952022

Highlighted filing

2022

Revenue$370,875
Expenses$214,580
Net Income$156,295
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,046,346
Liabilities
$0
Net assets
$4,046,346
Revenue
$370,875
Expenses
$214,580
Net income
$156,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.00$4.05$0.37$0.21$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$0.00$4.79$0.37$0.21$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$2,358,490
Mission and Program Overview

Mission

To promote educational excellence in our community by raising funds to award teacher grants to educators and managing privately funded teacher grant and scholarship funds to award grants to educators and scholarships to students.

Awarded 14 teacher grants to area teachers and 45 scholarships to area high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,789,439$4,046,346▼ $743,093
Investments in Publicly Traded Securities$4,639,347$3,915,305▼ $724,042
Cash and Non-Interest-Bearing Accounts$110,733$121,651▲ $10,918
Savings and Temporary Cash Investments$39,359$9,390▼ $29,969
Total Assets$4,789,439$4,046,346▼ $743,093
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,789,439$4,046,346▼ $743,093
Total Liabilities and Net Assets / Fund Balance$4,789,439$4,046,346▼ $743,093

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,578,115$2,175▼ $622,588-$3,788,952
2020$3,645,929$123,737▲ $1,014,420-$4,578,115
2019$3,719,071$78,912▲ $20,934-$3,645,929
2018$3,668,170$31,660▲ $172,677-$3,719,071
2017$3,449,883$129,339▲ $180,474-$3,668,170
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Karen SorrelesExecutive DirectorPT$23,270$23,270

Board Members and Trustees

NameTitle
Maureen YoderChair
Chuck GambleVice-Chair
Bill RamseyTrustee
Brad HallTrustee
Danielle JenkinsTrustee
Delna MillerTrustee
Heidi MichaelTrustee
Jami FergusonTrustee
Kathy SchindewolfTrustee
Kristen LangTrustee
Kyle SpringsTrustee
Leslie BozmanTrustee
Logan ZukTrustee
Lois StollTrustee
Lori BarberTrustee
Matt ZarnoskyTrustee
Maureen YoderTrustee
Melody BakerTrustee
Nadine TussingTrustee
Niki ThomasTrustee
Rick PowersTrustee
Scott HowellTrustee
Staci SevertTrustee
Tami HimmegerTrustee
Terri PenhorwoodTrustee
Connie BeattySecretary
Beth HarmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,206
Program Service Revenue
$0
Investment Income
$317,201
Other Revenue
$11,468
All Other Contributions
$42,206
Change in Net Assets
$156,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$141,166
Other Expenses$73,414
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$124,682--$124,682
Fees for Service Investment Mgmnt Fees-$43,873-$43,873
Fees for Services Management-$23,270-$23,270
Grants to Domestic Orgs$16,484--$16,484
Fees for Services Accounting-$2,100-$2,100
Insurance-$1,489-$1,489
Office Expenses-$897-$897
Advertising-$436-$436
Conferences and Meetings-$296-$296
Information Technology-$258-$258
Other Expenses-$200-$200
Total Functional Expenses$141,166$73,414$0$214,580
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,408
Fundraising Direct Expenses$1,940
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 B, Line 11A

“A copy of the Form 990 is delivered to the Executive Director for review and is made available to all trustees of the Board before being signed and filed.”

Form 990, Part VI, Section B, Line 12C

“Transactions and decisions are reviewed and voted on by the trustees who comprise the governing body. If any conflicts of interest arise out of these transactions or potential transactions, they will be handled according to the rules outlined within the Conflicts of Interest policy.”

Form 990, Part VI, Section C, Line 19

“The Form 1023, Form 990, the Conflicts of Interest Policy and all other documents are located at 1973 State Route 47 West, Bellefontaine, OH 43311 and can be viewed by the general public upon written request to the Executive Director.”

Filing and Contact Details

Filer

Filer Name
Logan County Education Foundation
EIN
34-1598184
In Care Of
% Karen Sorreles
Phone
9375995195
Address
1973 State Route 47 West, Bellefontaine, OH 43311-2025

Signing Officer

Name
Karen Sorreles
Title
Executive Director
Phone
9375995195
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Sorreles
Formed
1989
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
26
Employees
0
Volunteers
12

Preparer

Firm
Belser Accounting and Tax Service LLC
Address
1344 South Main Street PO Box 640, Bellefontaine, OH 43311
Preparer
John T Belser CPA
Phone
9375933518
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt26Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt27Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt01940
IRS990/FundraisingGrossIncomeAmt013408
IRS990/GainOrLossGrp/SecuritiesAmt0108791
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt016484
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0124682
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0124682
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt016484
IRS990/GrantsToDomesticOrgsGrp/TotalAmt016484
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02094466
IRS990/GrossReceiptsAmt02358490
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt026
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0258
IRS990/InformationTechnologyGrp/TotalAmt0258
IRS990/InsuranceGrp/ManagementAndGeneralAmt01489
IRS990/InsuranceGrp/TotalAmt01489
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0208410
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04639347
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03915305
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01985675
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote educational excellence in our community by raising funds to award teacher grants to educators and managing privately funded teacher grant and scholarship funds to award grants to educators and scholarships to students.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04789439
IRS990/NetAssetsOrFundBalancesEOYAmt04046346
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0108791
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011468
IRS990/NetUnrlzdGainsLossesInvstAmt0-899388
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0897
IRS990/OfficeExpensesGrp/TotalAmt0897
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Ohio Charitable Registration
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2200
IRS990/OtherExpensesGrp/TotalAmt0175
IRS990/OtherExpensesGrp/TotalAmt1420
IRS990/OtherExpensesGrp/TotalAmt2200
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Karen Sorreles
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt052623
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0177966
IRS990/PYInvestmentIncomeAmt0312909
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt028519
IRS990/PYOtherRevenueAmt09185
IRS990/PYRevenuesLessExpensesAmt0168232
IRS990/PYTotalExpensesAmt0206485
IRS990/PYTotalRevenueAmt0374717
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0156295
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04789439
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04046346
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039359
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09390
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section C Line 17a The organization is a publicly supported organization based on the facts and circumstances test. First, the organizations public support is 12.12 which is above the 10 requirement. Second, the organization receives a high percentage of its total support from investment income. From 2017 to 2021, the organziation has received 85.23 of its income from interest, dividends, and capital gains on the invested funds.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0In addition, all of the endowment funds were contributed by the general public and not by a few individuals or members of their families. Third, the organization receives most of its support from various dontaions from the general public and not from just a few members of a single family. Finally, the organization has a board of directors that is comprised of multiple school districts in Logan County and have the interests of the people of Logan County in mind.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II Section C Line 17a
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt042206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt014190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt031030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0159069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0317180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0312909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0224854

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