Civic Intelligence

The Howe School

990 • Fiscal year 2015 • EIN 35-0868169

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 26, 2016

PO Box 240Howe, IN 46746

(260) 562-2131

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

34th percentile

0.10x

Higher debt load relative to revenue than 34% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

82nd percentile

24%

Higher net margin than 82% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

30th percentile

$76,568

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

$6,826,414

No earlier filing loaded for comparison.

Net Assets

$6,309,432

No earlier filing loaded for comparison.

Liabilities

$516,982

No earlier filing loaded for comparison.

Revenue

$5,391,090

No earlier filing loaded for comparison.

Expenses

$4,079,106

No earlier filing loaded for comparison.

Net Income

$1,311,984

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,826,414Liabilities 2015: $516,982Net Assets 2015: $6,309,4322015Assets 2016: $7,876,016Liabilities 2016: $759,655Net Assets 2016: $7,116,3612016Assets 2017: $6,716,453Liabilities 2017: $582,984Net Assets 2017: $6,133,4692017Assets 2018: $5,180,217Liabilities 2018: $568,976Net Assets 2018: $4,611,2412018Assets 2019: $3,422,779Liabilities 2019: $105,429Net Assets 2019: $3,317,3502019Assets 2020: $3,035,426Liabilities 2020: $0Net Assets 2020: $3,035,4262020Assets 2021: $3,047,151Liabilities 2021: $3,844Net Assets 2021: $3,043,3072021Assets 2022: $385,779Liabilities 2022: $0Net Assets 2022: $385,7792022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$6,826,414
Liabilities$516,982
Net Assets$6,309,432

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $5,391,090Expenses 2015: $4,079,106Net Income 2015: $1,311,9842015Revenue 2016: $5,007,594Expenses 2016: $4,200,665Net Income 2016: $806,9292016Revenue 2017: $3,656,886Expenses 2017: $4,639,778Net Income 2017: -$982,8922017Revenue 2018: $3,236,302Expenses 2018: $4,778,511Net Income 2018: -$1,542,2092018Revenue 2019: $4,806,780Expenses 2019: $6,113,845Net Income 2019: -$1,307,0652019Revenue 2020: $481,118Expenses 2020: $763,042Net Income 2020: -$281,9242020Revenue 2021: $103,024Expenses 2021: $95,143Net Income 2021: $7,8812021Revenue 2022: $9,306Expenses 2022: $2,666,834Net Income 2022: -$2,657,5282022Revenue 2023: $3,354Expenses 2023: $389,133Net Income 2023: -$385,7792023

Highlighted filing

2015

Revenue$5,391,090
Expenses$4,079,106
Net Income$1,311,984
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 26, 2016
Return Version
2014v6.0
Gross Receipts
$5,486,405
Mission and Program Overview

Mission

Operation of military school and auxillary services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,174,644$3,114,470▼ $60,174
Savings and Temporary Cash Investments$500,000$2,257,144▲ $1,757,144
Cash and Non-Interest-Bearing Accounts$1,364,705$1,087,000▼ $277,705
Inventories for Sale or Use$272,984$260,619▼ $12,365
Other Notes and Loans Receivable, Net-$35,800-
Accounts Receivable$171,891$35,570▼ $136,321
Prepaid Expenses and Deferred Charges$70,892$35,106▼ $35,786
Intangible Assets-$705-
Total Assets$5,555,116$6,826,414▲ $1,271,298
Liabilities
Deferred Revenue$409,642$433,703▲ $24,061
Accounts Payable and Accrued Expenses$420,094$80,119▼ $339,975
Other Liabilities$22,119$3,160▼ $18,959
Total Liabilities$851,855$516,982▼ $334,873
Net Assets / Fund Balance
Unrestricted Net Assets$4,623,891$6,211,437▲ $1,587,546
Temporarily Rstr Net Assets$63,870$82,495▲ $18,625
Permanently Rstr Net Assets$15,500$15,500→ $0
Total Net Assets Fund Balance$4,703,261$6,309,432▲ $1,606,171
Total Liabilities and Net Assets / Fund Balance$5,555,116$6,826,414▲ $1,271,298

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,995,548$7,767,872$10,763,420
Land$118,922-$118,922

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$15,500---$15,500
2013$15,500---$15,500
2012$15,500---$15,500
2011$15,500---$15,500
2010$15,500---$15,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tyler OsenbaughBus Mgr/asstPT$76,568$76,568
Col David G DouglasSuperintende-$36,050$36,050

Board Members and Trustees

NameTitle
Rev Edward S Little IiChairman
Richard BarnettPresident
Alice DanclerTrustee
Allen PaulTrustee
Bryan BockTrustee
Carlos JacksonTrustee
Charles PiszczorTrustee
David DuncanTrustee
Michael BurnsTrustee
Nick DeeterTrustee
Philip MorganTrustee
Robert JeglumTrustee
Van KchikianTrustee
Jack WattlesTrustee Emer
Raymond StuckeyTrustee Emer
Trav PearseTrustee Emer
Eleni MitropoulosTrustee Liai
Tremel HarrisTrustee Liai
David HouserTreasurer
Larry BoutonTreasurer Em
Phillip MaloneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,443,063
Program Service Revenue
$1,894,605
Investment Income
$651,821
Other Revenue
$401,601
All Other Contributions
$2,443,063
Change in Net Assets
$1,311,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,067,942
Other Expenses$2,011,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,502,812$100,140-$1,602,952
All Other Expenses$528,816$137,880-$666,696
Occupancy$207,104$30,618-$237,722
Other Employee Benefits$185,335$20,133-$205,468
Other Expenses$178,951--$178,951
Depreciation Depletion$173,318--$173,318
Payroll Taxes$112,968$12,272-$125,240
Current Officers, Directors, Trustees, and Key Employees$44,656$67,962-$112,618
Pension Plan Contributions$17,763$3,901-$21,664
Total Functional Expenses$3,706,200$372,906$0$4,079,106
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
Capital Lease Payable$3,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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

Board of trustees and business manager review 990 before approval to file is given.

Form 990, Page 6, Part VI, Line 12C

Through the hiring process.

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

Approval required by board of trustees

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

Approval requred by board of trustees

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request

Filing and Contact Details

Filer

Filer Name
The Howe School
EIN
35-0868169
Phone
2605622131
Address
PO BOX 240, HOWE, IN 46746

Signing Officer

Name
Jilayne Reed
Title
Accountant
Phone
2605622131
Signed
2016-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Edward S Little Ii
Formed
1898
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
86

Preparer

Firm
Fry Trowbridge & Associates Pc
Address
800 SOUTH DETROIT STREET, LAGRANGE, IN 46761
Preparer
Randy D Fry CPA Cva
Phone
2604632390
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Admissions expense 148,253 0 0 quartermaster 147,876 0 0 bad debt 0 77,210 0 computer 59,875 0 0 administration 0 50,134 0 laundry 43,760 0 0 transportation expenses 38,960 0 0 athletics 23,461 0 0 academic 19,628 0 0 development 11,675 0 0 credit card machine fees 0 10,536 0 tatler 9,496 0 0 hair cuts 8,258 0 0 infirmary 5,532 0 0 entertainment 4,756 0 0 commencement 4,381 0 0 camp 1,497 0 0 chapel 1,408 0 0

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IRS990/FormationYr01898
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IRS990/LocalChaptersInd0false
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IRS990/OccupancyGrp/TotalAmt0237722
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IRS990/PrincipalOfficerNm0REV EDWARD S LITTLE II
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
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IRS990/ProgramServiceRevenueGrp/Desc2INFIRMARY
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IRS990/ProgramServiceRevenueGrp/Desc4APPLICATION FEES
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02257144
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0A BULLETIN PUBLISHED BY THE SCHOOL OUTLINING ITS CURRICULUM, FEES, ADMISSION PROCEDURES, AND OTHER SCHOOL POLICIES AND ACTIVITIES MAY BE OBTAINED BY ANYONE UPON REQUEST. THIS PUBLICATION CLEARLY STATES WITHIN ITS CONTENT THAT THE SCHOOL HAS A RACIALLY NONDISCRIMINATORY POLICY. ALL ADVERTISING SPONSORED BY THE SCHOOL STATES THE SCHOOL HAS A RACIALLY NONDISCRIMINATORY POLICY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt015500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt015500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt015500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt015500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt015500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt015500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt015500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt015500
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/LandGrp/BookValueAmt0118922
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0118922
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02995548
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07767872
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010763420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03160

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