Civic Intelligence

Hammond Education Foundation Inc.

990 • Fiscal year 2018 • EIN 35-1572372

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 30, 2020

41 Williams StreetHammond, IN 46320

(219) 933-2400

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

47th percentile

0.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

55th percentile

5.2%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$64,560

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

62nd percentile

6.4%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

9.0%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$682,566

Up $41,177 (+6.4%) from 2017

Net Assets

Up

$677,623

Up $36,234 (+5.6%) from 2017

Liabilities

Up

$4,943

Up $4,943 from 2017

Revenue

Up

$203,747

Up $16,829 (+9.0%) from 2017

Expenses

Up

$193,172

Up $726 (+0.4%) from 2017

Net Income

Up

$10,575

Up $16,103 (+291%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $437,803Liabilities 2011: $0Net Assets 2011: $437,8032011Assets 2012: $512,187Liabilities 2012: $0Net Assets 2012: $512,1872012Assets 2013: $619,436Liabilities 2013: $0Net Assets 2013: $619,4362013Assets 2014: $618,199Liabilities 2014: $4,349Net Assets 2014: $613,8502014Assets 2015: $608,996Liabilities 2015: $4,529Net Assets 2015: $604,4672015Assets 2017: $641,389Liabilities 2017: $0Net Assets 2017: $641,3892017Assets 2018: $682,566Liabilities 2018: $4,943Net Assets 2018: $677,6232018Assets 2019: $670,114Liabilities 2019: $6,868Net Assets 2019: $663,2462019Assets 2020: $682,190Liabilities 2020: $7,166Net Assets 2020: $675,0242020Assets 2021: $812,735Liabilities 2021: $579Net Assets 2021: $812,1562021Assets 2022: $846,315Liabilities 2022: $0Net Assets 2022: $846,3152022Assets 2023: $944,577Liabilities 2023: $0Net Assets 2023: $944,5772023Assets 2024: $1,025,268Liabilities 2024: $0Net Assets 2024: $1,025,2682024

Highlighted filing

2018

Assets$682,566
Liabilities$4,943
Net Assets$677,623

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $88,731Expenses 2011: $73,480Net Income 2011: $15,2512011Expenses 2012: $122,4052012Revenue 2013: $166,087Expenses 2013: $105,002Net Income 2013: $61,0852013Revenue 2014: $165,167Expenses 2014: $171,640Net Income 2014: -$6,4732014Revenue 2015: $195,966Expenses 2015: $168,764Net Income 2015: $27,2022015Revenue 2017: $186,918Expenses 2017: $192,446Net Income 2017: -$5,5282017Revenue 2018: $203,747Expenses 2018: $193,172Net Income 2018: $10,5752018Revenue 2019: $154,826Expenses 2019: $163,430Net Income 2019: -$8,6042019Revenue 2020: $143,662Expenses 2020: $129,901Net Income 2020: $13,7612020Revenue 2021: $149,064Expenses 2021: $128,660Net Income 2021: $20,4042021Revenue 2022: $359,319Expenses 2022: $123,802Net Income 2022: $235,5172022Revenue 2023: $194,748Expenses 2023: $177,044Net Income 2023: $17,7042023Revenue 2024: $152,867Expenses 2024: $146,693Net Income 2024: $6,1742024

Highlighted filing

2018

Revenue$203,747
Expenses$193,172
Net Income$10,575
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 30, 2020
Return Version
2017v2.3
Gross Receipts
$215,279
Mission and Program Overview

Mission

To further the educational opportunities for students and faculty members of the elementary, middle, and high schools of the school city of hammond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$540,988$576,197▲ $35,209
Savings and Temporary Cash Investments$69,985$74,246▲ $4,261
Cash and Non-Interest-Bearing Accounts$30,142$32,123▲ $1,981
Total Assets$641,389$682,566▲ $41,177
Other Assets Total$274--
Liabilities
Other Liabilities-$4,943-
Total Liabilities$0$4,943▲ $4,943
Net Assets / Fund Balance
Unrestricted Net Assets$619,940$677,623▲ $57,683
Temporarily Rstr Net Assets$21,449--
Total Net Assets Fund Balance$641,389$677,623▲ $36,234
Total Liabilities and Net Assets / Fund Balance$641,389$682,566▲ $41,177
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joshuha LongExecutive DiFT$64,560$64,560

Board Members and Trustees

NameTitle
Ed SchoenfeltPresident
Alison PiechBoard Member
Brandon RukesBoard Member
Bridget BodefeldBoard Member
Cal BellamyBoard Member
Dawn GreeneBoard Member
Heather GarayBoard Member
Jill BanningBoard Member
ROXANA LUGO O'ROURKEBoard Member
Teri MayerikBoard Member
Tony SalinasBoard Member
Wes LukoshusBoard Member
Jan WhelanSecretary
Art RussellTreasurer
Richard BarnesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$148,881
Program Service Revenue
$0
Investment Income
$17,557
Other Revenue
$37,309
All Other Contributions
$148,881
Change in Net Assets
$10,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,766
Salaries, Compensation, and Employee Benefits$71,444
Grants and Similar Amounts Paid$8,962
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,280$32,280-$64,560
Fees for Service Investment Mgmnt Fees-$7,964-$7,964
Grants to Domestic Individuals$6,500--$6,500
Payroll Taxes$2,848$2,736-$5,584
Office Expenses$5,313--$5,313
Conferences and Meetings$4,980--$4,980
Fees for Services Other$3,866--$3,866
Grants to Domestic Orgs$2,462--$2,462
Advertising$2,439--$2,439
Insurance-$2,351-$2,351
Other Expenses$1,382--$1,382
Other Salaries and Wages$1,300--$1,300
All Other Expenses$967--$967
Interest-$356-$356
Total Functional Expenses$147,485$45,687$0$193,172
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,841
Fundraising Direct Expenses$11,532
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$26,500$26,500$9,400$17,100
Major Savers Fu$20,560$20,560-$20,560
Total Events$47,060$47,060$9,400$37,660
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liability$4,943
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

The form 990 is provided to all members of the board to review and approve.

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

All members of the board review the confilcts of interest policy annually and any potential conflicts are reviewed by the board.

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

Wages and salaries are reviewed and approved by all members of the board annually in conjuction with the formation of the annual budget.

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

Wages and salaries are reviewed and approved by all members of the board annually in conjuction with the formation of the annual budget.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Hammond Education Foundation Inc
EIN
35-1572372
Phone
2199332400
Address
41 WILLIAMS STREET, HAMMOND, IN 46320

Signing Officer

Name
Deborah Trevino
Title
Treasurer
Phone
2199332400
Signed
2020-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
ROXANA LUGO O'ROURKE
Formed
1983
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
2

Preparer

Firm
Mcmahon & Associates Cpas Pc
Address
10010 CALUMET AVE, MUNSTER, IN 46321-3976
Preparer
Matthew Stosich CPA
Phone
2199243450
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD TO REVIEW AND APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE BOARD REVIEW THE CONFILCTS OF INTEREST POLICY ANNUALLY AND ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WAGES AND SALARIES ARE REVIEWED AND APPROVED BY ALL MEMBERS OF THE BOARD ANNUALLY IN CONJUCTION WITH THE FORMATION OF THE ANNUAL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WAGES AND SALARIES ARE REVIEWED AND APPROVED BY ALL MEMBERS OF THE BOARD ANNUALLY IN CONJUCTION WITH THE FORMATION OF THE ANNUAL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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