Civic Intelligence

Logan County Education Foundation

990 • Fiscal year 2023 • EIN 34-1598184

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

5th percentile

-78%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$23,207

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

49th percentile

4.2%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-59%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$4,216,826

Up $170,480 (+4.2%) from 2022

Net Assets

Up

$4,216,826

Up $170,480 (+4.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin5th percentile

Revenue

Down

$152,777

Down $218,098 (-59%) from 2022

Expenses

Up

$271,282

Up $56,702 (+26%) from 2022

Net Income

Down

-$118,505

Down $274,800 (-176%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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: $4,046,3462022Assets 2023: $4,216,826Liabilities 2023: $0Net Assets 2023: $4,216,8262023

Highlighted filing

2023

Assets$4,216,826
Liabilities$0
Net Assets$4,216,826
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2021: $374,717Expenses 2021: $206,485Net Income 2021: $168,2322021Revenue 2022: $370,875Expenses 2022: $214,580Net Income 2022: $156,2952022Revenue 2023: $152,777Expenses 2023: $271,282Net Income 2023: -$118,5052023

Highlighted filing

2023

Revenue$152,777
Expenses$271,282
Net Income-$118,505
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$1,200,224
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 17 teacher grants to area teachers and 52 scholarships to area high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,046,346$4,216,826▲ $170,480
Investments in Publicly Traded Securities$3,915,305$4,155,850▲ $240,545
Cash and Non-Interest-Bearing Accounts$121,651$51,481▼ $70,170
Savings and Temporary Cash Investments$9,390$9,495▲ $105
Total Assets$4,046,346$4,216,826▲ $170,480
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,046,346$4,216,826▲ $170,480
Total Liabilities and Net Assets / Fund Balance$4,046,346$4,216,826▲ $170,480

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,788,952$43,153▲ $340,348-$3,952,169
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
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Karen SorrelesExecutive DirectorPT$23,207$23,207

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
Lois StollTrustee
Lori BarberTrustee
Matt ZarnoskyTrustee
Melony BakerTrustee
Nadine TussingTrustee
Niki ThomasTrustee
Rick PowersTrustee
Scott HowellTrustee
Staci SevertTrustee
Suzy MalloryTrustee
Tami HimmegerTrustee
Terri PenhorwoodTrustee
Connie BeattySecretary
Beth HarmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,327
Program Service Revenue
$0
Investment Income
$88,428
Other Revenue
$8,022
All Other Contributions
$56,327
Change in Net Assets
$-118,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$205,616
Other Expenses$65,666
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$187,766--$187,766
Fees for Service Investment Mgmnt Fees-$36,264-$36,264
Fees for Services Management-$23,207-$23,207
Grants to Domestic Orgs$17,850--$17,850
Fees for Services Accounting-$2,500-$2,500
Insurance-$1,616-$1,616
Advertising-$582-$582
Other Expenses$400$200-$400
Conferences and Meetings-$280-$280
Office Expenses-$270-$270
All Other Expenses-$123-$123
Fees for Services Legal-$25-$25
Total Functional Expenses$206,016$65,266$0$271,282
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Benjamin Logan Local School DistrictBellefontaine, OH-Education$7,900
Bellefontaine City SchoolsBellefontaine, OH-Education$5,550
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,260
Fundraising Direct Expenses$2,238
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
% Lois Stoll
Phone
9375995195
Address
1973 State Route 47 West, Bellefontaine, OH 43311-2025

Signing Officer

Name
Lois Stoll
Title
Executive Director
Phone
9375995195
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lois Stoll
Formed
1989
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
26
Employees
0
Volunteers
15

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/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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt02238
IRS990/FundraisingGrossIncomeAmt010260
IRS990/GainOrLossGrp/SecuritiesAmt0-18737
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt017850
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0187766
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0187766
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt017850
IRS990/GrantsToDomesticOrgsGrp/TotalAmt017850
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01026472
IRS990/GrossReceiptsAmt01200224
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt026
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01616
IRS990/InsuranceGrp/TotalAmt01616
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107165
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03915305
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04155850
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01045209
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/NetAssetsOrFundBalancesBOYAmt04046346
IRS990/NetAssetsOrFundBalancesEOYAmt04216826
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-18737
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08022
IRS990/NetUnrlzdGainsLossesInvstAmt0288985
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0270
IRS990/OfficeExpensesGrp/TotalAmt0270
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/Desc3Awards
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2200
IRS990/OtherExpensesGrp/ProgramServicesAmt0400
IRS990/OtherExpensesGrp/TotalAmt0175
IRS990/OtherExpensesGrp/TotalAmt124
IRS990/OtherExpensesGrp/TotalAmt2200
IRS990/OtherExpensesGrp/TotalAmt3400
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Lois Stoll
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042206
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0141166
IRS990/PYInvestmentIncomeAmt0317201
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt073414
IRS990/PYOtherRevenueAmt011468
IRS990/PYRevenuesLessExpensesAmt0156295
IRS990/PYTotalExpensesAmt0214580
IRS990/PYTotalRevenueAmt0370875
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-118505
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04046346
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04216826
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09390
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09495
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 14.01 which is above the 10 requirement. Second, the organization receives a high percentage of its total support from investment income. From 2018 to 2022, the organization has received 82.91 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 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/CurrentTaxYearAmt056327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt019020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0184366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt088428
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0317180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0312909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0224854
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0147733
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01091104

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,216,826
Liabilities
$0
Net assets
$4,216,826
Revenue
$152,777
Expenses
$271,282
Net income
-$118,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$0.15$0.27$0.12
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