Civic Intelligence

Indiana School Boards Association Inc

990 • Fiscal year 2016 • EIN 35-1132382

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

One N Capitol Ave Ste 1215Indianapolis, IN 46204

(317) 639-0330

Siviq Scores

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

Liabilities / Assets

87th percentile

0.63x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.65x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

56th percentile

9.7%

Higher net margin than 56% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$185,188

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

86th percentile

19%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-2.6%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,163,680

Up $341,564 (+19%) from 2015

Net Assets

Up

$806,778

Up $234,886 (+41%) from 2015

Liabilities

Up

$1,356,902

Up $106,678 (+8.5%) from 2015

Revenue

Down

$2,084,553

Down $56,088 (-2.6%) from 2015

Expenses

Down

$1,882,357

Down $123,927 (-6.2%) from 2015

Net Income

Up

$202,196

Up $67,839 (+50%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $1,822,116Liabilities 2015: $1,250,224Net Assets 2015: $571,8922015Assets 2016: $2,163,680Liabilities 2016: $1,356,902Net Assets 2016: $806,7782016Assets 2017: $2,399,659Liabilities 2017: $1,420,223Net Assets 2017: $979,4362017Assets 2018: $2,454,579Liabilities 2018: $1,211,787Net Assets 2018: $1,242,7922018Assets 2019: $3,118,991Liabilities 2019: $1,434,940Net Assets 2019: $1,684,0512019Assets 2020: $3,812,989Liabilities 2020: $1,747,529Net Assets 2020: $2,065,4602020Assets 2021: $3,961,363Liabilities 2021: $1,501,803Net Assets 2021: $2,459,5602021Assets 2022: $5,287,016Liabilities 2022: $2,534,582Net Assets 2022: $2,752,4342022Assets 2023: $5,440,887Liabilities 2023: $2,290,544Net Assets 2023: $3,150,3432023Assets 2024: $5,627,488Liabilities 2024: $2,377,555Net Assets 2024: $3,249,9332024

Highlighted filing

2016

Assets$2,163,680
Liabilities$1,356,902
Net Assets$806,778

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2015: $2,140,641Expenses 2015: $2,006,284Net Income 2015: $134,3572015Revenue 2016: $2,084,553Expenses 2016: $1,882,357Net Income 2016: $202,1962016Revenue 2017: $2,280,539Expenses 2017: $1,961,032Net Income 2017: $319,5072017Revenue 2018: $2,190,794Expenses 2018: $1,924,931Net Income 2018: $265,8632018Revenue 2019: $2,461,761Expenses 2019: $2,023,264Net Income 2019: $438,4972019Revenue 2020: $2,114,176Expenses 2020: $1,732,546Net Income 2020: $381,6302020Revenue 2021: $2,442,499Expenses 2021: $2,048,399Net Income 2021: $394,1002021Revenue 2022: $2,481,112Expenses 2022: $2,188,238Net Income 2022: $292,8742022Revenue 2023: $2,820,607Expenses 2023: $2,422,698Net Income 2023: $397,9092023Revenue 2024: $2,749,646Expenses 2024: $2,650,056Net Income 2024: $99,5902024

Highlighted filing

2016

Revenue$2,084,553
Expenses$1,882,357
Net Income$202,196
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$2,084,553
Mission and Program Overview

Mission

The mission of the organization is to instruct individual public school board members in order to develop their ability to serve in that capacity and to instruct the public on education-related subjects in order to improve public school education in the state of indiana

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,281,873-
Investments in Publicly Traded Securities$395,056$450,065▲ $55,009
Accounts Receivable$260,046$240,154▼ $19,892
Cash and Non-Interest-Bearing Accounts$1,080,135$81,534▼ $998,601
Prepaid Expenses and Deferred Charges$50,031$75,842▲ $25,811
Land, Buildings, and Equipment, Net$36,848$34,212▼ $2,636
Total Assets$1,822,116$2,163,680▲ $341,564
Liabilities
Deferred Revenue$1,196,375$1,233,395▲ $37,020
Accounts Payable and Accrued Expenses$29,477$53,779▲ $24,302
Other Liabilities$613$51,248▲ $50,635
Unsecured Notes Loans Payable$23,759$18,480▼ $5,279
Total Liabilities$1,250,224$1,356,902▲ $106,678
Net Assets / Fund Balance
Unrestricted Net Assets$571,892$806,778▲ $234,886
Total Net Assets Fund Balance$571,892$806,778▲ $234,886
Total Liabilities and Net Assets / Fund Balance$1,822,116$2,163,680▲ $341,564

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,212$38,431$72,643
Leasehold Improvements-$8,147$8,147
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Brian F SmithExecutive DiFT$185,188$185,188
Dr Brian F SmithExecutive Director-$185,188$185,188
Lisa TanselleGeneral CounFT$117,137$117,137
Michael T AdamsonDirector of BoardFT$109,006$109,006
Julia SlavensStaff AttornFT$100,216$100,216

Board Members and Trustees

NameTitle
Todd TrehearnePresident
Bob SonderothDirector
Cathy TahmassebiDirector
Christina GilkeyDirector
Daryl ElliottDirector
Jack RussellDirector
Jim FranklinDirector
John PayneDirector
John PrebleDirector
Julia KozickiDirector
Thomas HoffmanDirector
Tom SimpsonDirector
Dr Robert M Stwalley Iii2nd Vice Pre
Bill WilsonPast Preside
Kim WoodwardVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,191,285
Program Service Revenue
$815,519
Investment Income
$8,949
Other Revenue
$68,800
Change in Net Assets
$202,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,084,553
Revenue Not Reported on Form 990
$32,690
Total Revenue per Audited Statements
$2,117,243
Total Revenue per Form 990
$2,084,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,028,372
Other Expenses$853,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,619$32,328-$468,947
Conferences and Meetings$241,752--$241,752
Current Officers, Directors, Trustees, and Key Employees$120,372$64,816-$185,188
Other Employee Benefits$148,488$25,898-$174,386
Pension Plan Contributions$131,344$22,907-$154,251
Occupancy$123,567$21,551-$145,118
Office Expenses$84,978$789-$85,767
All Other Expenses$56,996$583-$57,579
Payroll Taxes$38,828$6,772-$45,600
Other Expenses$36,393$2,198-$38,591
Fees for Services Accounting-$14,777-$14,777
Insurance$10,602$1,849-$12,451
Depreciation Depletion$7,358$1,283-$8,641
Travel$4,359--$4,359
Total Functional Expenses$1,679,315$203,042$0$1,882,357

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,882,357
Total Expenses per Audited Statements$1,882,357
Total Expenses per Form 990$1,882,357
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Severance$30,000
Accrued Expenses$19,416
Accrued Pension$1,720
Taxes Payable$112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Election of officers, and board of directors

Form 990, Page 6, Part VI, Line 7B

All changes to the by-laws are approved by the members

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

A pdf copy of the return is provided for board review

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

A conflict of interest statement is prepared annually and presented in december each year for review and compliance by the board

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

An independeant executive commitee meets annually in january to review all salaries and submits to board of directors in march for approval

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

Same as process for top officials

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Indiana School Boards
EIN
35-1132382
Phone
3176390330
Address
ONE N CAPITOL AVE STE 1215, INDIANAPOLIS, IN 46204

Signing Officer

Name
Dr Brian F Smith
Title
Executive Director
Phone
3176390330
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Brian F Smith
Formed
1951
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
8
Volunteers
15

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240
Preparer
Michelle L Zimmerman
Phone
3175661000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the organization is to instruct individual public school board members in order to develop their ability to serve in that capacity and to instruct the public on education-related subjects in order to improve public school education in the state of indiana

Financial Statement Notes

Schedule D, Page 3, Part X

Management evaluates all significant income tax positions that it takes for the years ended december 31, 2016 and december 31, 2015. Management does not believe that it has taken any position that would require the recording of any tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The indiana school boards association recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. No interest or penalties have been accrued or charged to expense as of december 31, 2016 and december 31, 2015 or for the years then ended. The organization is exempt from federal income taxes under section 501(c) (4) of the internal revenue code except for unrelated business income. The tax years 2015, 2014, and 2013 remain subject to examination by major tax jurisdictions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt52ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt16GENERAL COUN
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIR OF BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt18STAFF ATTORN
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO INSTRUCT INDIVIDUAL PUBLIC SCHOOL BOARD MEMBERS IN ORDER TO DEVELOP THEIR ABILITY TO SERVE IN THAT CAPACITY AND TO INSTRUCT THE PUBLIC ON EDUCATION-RELATED SUBJECTS IN ORDER TO IMPROVE PUBLIC SCHOOL EDUCATION IN THE STATE OF INDIANA
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IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL & REPAIR
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/PrincipalOfficerNm0DR BRIAN F SMITH
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IRS990/ProgramServiceRevenueGrp/Desc0SEMINARS AND CONFERENCES
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE EDUCATION AND INFORMATION SERVICES TO SCHOOL BOARD MEMBERS IN THE STATE OF INDIANA. SERVICES ARE PROVIDED VIA SEMINARS, WORKSHOPS, AND CONFERENCES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE EDUCATIONAL AND INFORMATIONAL MATERIALS TO EDUCATE AND KEEP MEMBERS CURRENT ON NEW DEVELOPMENTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES FOR THE YEARS ENDED DECEMBER 31, 2016 AND DECEMBER 31, 2015. MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITION THAT WOULD REQUIRE THE RECORDING OF ANY TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE INDIANA SCHOOL BOARDS ASSOCIATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2016 AND DECEMBER 31, 2015 OR FOR THE YEARS THEN ENDED. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (4) OF THE INTERNAL REVENUE CODE EXCEPT FOR UNRELATED BUSINESS INCOME. THE TAX YEARS 2015, 2014, AND 2013 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR BRIAN F SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ORGANIZATION IS TO INSTRUCT INDIVIDUAL PUBLIC SCHOOL BOARD MEMBERS IN ORDER TO DEVELOP THEIR ABILITY TO SERVE IN THAT CAPACITY AND TO INSTRUCT THE PUBLIC ON EDUCATION-RELATED SUBJECTS IN ORDER TO IMPROVE PUBLIC SCHOOL EDUCATION IN THE STATE OF INDIANA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF OFFICERS, AND BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL CHANGES TO THE BY-LAWS ARE APPROVED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A PDF COPY OF THE RETURN IS PROVIDED FOR BOARD REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A CONFLICT OF INTEREST STATEMENT IS PREPARED ANNUALLY AND PRESENTED IN DECEMBER EACH YEAR FOR REVIEW AND COMPLIANCE BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AN INDEPENDEANT EXECUTIVE COMMITEE MEETS ANNUALLY IN JANUARY TO REVIEW ALL SALARIES AND SUBMITS TO BOARD OF DIRECTORS IN MARCH FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SAME AS PROCESS FOR TOP OFFICIALS

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