Civic Intelligence

Logan County Education Foundation

990 • Fiscal year 2021 • EIN 34-1598184

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 11, 2021

Organization Profilewww.lcedfd.org
1973 State Route 47 WestBellefontaine, OH 43311-2025

(937) 599-5195

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

84th percentile

45%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$23,270

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

$4,789,439

No earlier filing loaded for comparison.

Net Assets

$4,789,439

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin84th percentile

Revenue

$374,717

No earlier filing loaded for comparison.

Expenses

$206,485

No earlier filing loaded for comparison.

Net Income

$168,232

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$4,789,439
Liabilities$0
Net Assets$4,789,439
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$374,717
Expenses$206,485
Net Income$168,232
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 11, 2021
Return Version
2020v4.1
Gross Receipts
$375,991
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 20 teacher grants to area teachers and 51 scholarships to area high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,909,198$4,789,439▲ $880,241
Investments in Publicly Traded Securities$3,769,881$4,639,347▲ $869,466
Cash and Non-Interest-Bearing Accounts$12,910$110,733▲ $97,823
Savings and Temporary Cash Investments$131,252$39,359▼ $91,893
Total Assets$3,914,043$4,789,439▲ $875,396
Liabilities
Unsecured Notes Loans Payable$4,845--
Total Liabilities$4,845$0▼ $4,845
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,909,198$4,789,439▲ $880,241
Total Liabilities and Net Assets / Fund Balance$3,914,043$4,789,439▲ $875,396

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2016$3,175,667$70,521▲ $281,523-$3,449,883
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

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

Board Members and Trustees

NameTitle
Shelley NeaseChair
Maureen YoderVice Chair
Bob FawcettTrustee
Brad HallTrustee
Bryn Daring-StewartTrustee
Chuck GambleTrustee
Danielle JenkinsTrustee
Delna MillerTrustee
Heidi MichaelTrustee
Jacob HolycrossTrustee
Jami FergusonTrustee
Kathy SchindewolfTrustee
Kirsten MinichTrustee
Kyle SpringsTrustee
Leslie BozmanTrustee
Lori BarberTrustee
Matt ZarnoskyTrustee
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
$52,623
Program Service Revenue
$0
Investment Income
$312,909
Other Revenue
$9,185
All Other Contributions
$52,623
Change in Net Assets
$168,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$177,966
Other Expenses$28,519
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$169,947--$169,947
Fees for Services Management-$23,270-$23,270
Grants to Domestic Orgs$8,019--$8,019
Fees for Services Accounting-$1,750-$1,750
Insurance-$1,485-$1,485
Information Technology-$574-$574
Office Expenses-$392-$392
Advertising-$232-$232
Conferences and Meetings-$190-$190
Other Expenses-$66-$66
Total Functional Expenses$177,966$28,519$0$206,485
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,459
Fundraising Direct Expenses$1,274
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
Phone
9375995195
Address
1973 State Route 47 West, Bellefontaine, OH 43311-2025

Signing Officer

Name
Karen Sorreles
Title
Executive Director
Signed
2021-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelley Nease
Formed
1989
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
26
Employees
0
Volunteers
10

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
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“PPP Loan Forgiveness 4,845.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt01274
IRS990/FundraisingGrossIncomeAmt010459
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0169947
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0169947
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08019
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08019
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0375991
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt026
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0574
IRS990/InformationTechnologyGrp/TotalAmt0574
IRS990/InsuranceGrp/ManagementAndGeneralAmt01485
IRS990/InsuranceGrp/TotalAmt01485
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0312909
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03769881
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04639347
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
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/NetAssetsOrFundBalancesBOYAmt03909198
IRS990/NetAssetsOrFundBalancesEOYAmt04789439
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09185
IRS990/NetUnrlzdGainsLossesInvstAmt0707164
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0392
IRS990/OfficeExpensesGrp/TotalAmt0392
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt04845
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Ohio Charitable Registration
IRS990/OtherExpensesGrp/Desc3Paypal Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1185
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt366
IRS990/OtherExpensesGrp/TotalAmt0175
IRS990/OtherExpensesGrp/TotalAmt1185
IRS990/OtherExpensesGrp/TotalAmt2200
IRS990/OtherExpensesGrp/TotalAmt366
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Shelley Nease
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt019020
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0146934
IRS990/PYInvestmentIncomeAmt0224854
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt031330
IRS990/PYOtherRevenueAmt06576
IRS990/PYRevenuesLessExpensesAmt072095
IRS990/PYSalariesCompEmpBnftPaidAmt091
IRS990/PYTotalExpensesAmt0178355
IRS990/PYTotalRevenueAmt0250450
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0168232
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03909198
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04789439
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0131252
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039359
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 19.00, which is above the 10 requirement. Second, the organization receives a high percentage of its total support from investment income. From 2016 to 2020, the orgainzation has received 78.69 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 donations 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 people from 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/CurrentTaxYearAmt052623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0216328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0312909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0224854
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0147733
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0116031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094273
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0895800

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Filings

Displayed year

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

Open filing
Assets
$4,789,439
Liabilities
$0
Net assets
$4,789,439
Revenue
$374,717
Expenses
$206,485
Net income
$168,232
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
2021Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.37$0.21$0.17