Civic Intelligence

Public Education Foundation Of

EIN 35-1660363 • 501(c)3 • Evansville, IN

Profile

Support the public education student body: fund projects and programs which engage the community and reward student centered innovation in the public schools.

951 Walnut StreetEvansville, IN 47713

www.pefevansville.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$60,160

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Down

$0

Down $1,157,263 (-100%) from 2019

Liabilities

Down

$0

Down $25,665 (-100%) from 2019

Net Assets

Down

$0

Down $1,131,598 (-100%) from 2019

Revenue

Up

$447,831

Up $62,589 (+16%) from 2019

Expenses

Down

$310,155

Down $116,257 (-27%) from 2019

Net Income

Up

$137,676

Up $178,846 (+434%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2019: $1,157,263Liabilities 2019: $25,665Net Assets 2019: $1,131,5982019Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $385,242Expenses 2019: $426,412Net Income 2019: -$41,1702019Revenue 2021: $447,831Expenses 2021: $310,155Net Income 2021: $137,6762021

Highlighted filing

2021

Revenue$447,831
Expenses$310,155
Net Income$137,676

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$447,831
Mission and Program Overview

Mission

Support the public education student body: fund projects and programs which engage the community and reward student centered innovation in the public schools.

Support the public education student body; fund projects and programs which engage the community and reward student centered innovation in the public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,040,130--
Cash and Non-Interest-Bearing Accounts$220,332--
Total Assets$1,312,994$0▼ $1,312,994
Other Assets Total$52,532--
Liabilities
Deferred Revenue$30,500--
Unsecured Notes Loans Payable$14,300--
Accounts Payable and Accrued Expenses$2,316--
Total Liabilities$47,116$0▼ $47,116
Net Assets / Fund Balance
Net Assets With Donor Restrictions$863,505--
Net Assets Without Donor Restrictions$402,373--
Total Net Assets Fund Balance$1,265,878$0▼ $1,265,878
Total Liabilities and Net Assets / Fund Balance$1,312,994$0▼ $1,312,994

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,040,130$2,000▲ $132,080$37$1,161,873
2020$947,801$60▲ $121,350$12,581$1,040,130
2019$888,245$32,375▲ $57,745$8,895$947,801
2018$871,027-▲ $54,532-$888,245
2017$839,577$3,000▲ $70,240-$871,027
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate ReibelExecutive DiFT$59,160$1,000$60,160

Board Members and Trustees

NameTitle
Jennifer BrownPresident/di
Alex BurtonDirector
Amy CasavantDirector
Brad EllsworthDirector
Christopher HeadDirector
Dr David SmithDirector
Jennifer WeigandDirector
Kathryn NixDirector
Linzee McintoshDirector
Magistrate Jill MarcrumDirector
Michael RustDirector
Roger LehmanDirector
Stacey ShourdDirector
Tamara SkinnerDirector
Shane MuncySecretary/di
Michael CameronTreasurer/di
Anne MckimVice Pres/di
Revenue and Support

Revenue Composition

Contributions and Grants
$258,526
Program Service Revenue
$57,225
Investment Income
$132,080
Other Revenue
$0
All Other Contributions
$229,999
Change in Net Assets
$137,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,414
Salaries, Compensation, and Employee Benefits$75,828
Grants and Similar Amounts Paid$57,913
Total Fundraising Expense$22,499
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,377$38,231$13,902$69,510
Grants to Domestic Individuals$29,500--$29,500
Grants to Domestic Orgs$28,413--$28,413
All Other Expenses$9,404$122$1,901$11,427
Occupancy$2,041$5,618$2,554$10,213
Other Expenses$6,400--$6,400
Payroll Taxes$1,329$2,925$1,064$5,318
Insurance$958$2,635$1,198$4,791
Fees for Services Other$523$1,440$655$2,618
Office Expenses$619$1,363$495$2,477
Conferences and Meetings$355$975$443$1,773
Pension Plan Contributions$250$550$200$1,000
Information Technology$32$88$40$160
Advertising--$47$47
Total Functional Expenses$233,709$53,947$22,499$310,155
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Evansville Vanderburgh School CorpEvansville, IN501(c)Special Projects$22,622
Evansville Vanderburgh School CorpEvansville, IN501(c)Excellence in Educat$5,791
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
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
Yes
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, Page 6, Part VI, Line 11B

Executive director reviews and then emails the 990 to the board of directors for their review.

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

Annually all board members receive a copy of the conflict of interest statement, sign an acknowledgement form indicating they have received, read, understand and will comply with the policy. Prior to any action on santive business, the president or chairman of a committee states the policy on conflicts of interest. Should a conflict arise, the person so affected shall disclose the nature of the conflict and material facts to the board or committee. The individual may be invited to participate in any discussion after the disclosure but disqualified from voting.

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

Annually the executive committee reviews compensation information from various organizations of similar size in the region and makes a recommendation to the full board.

Form 990, Page 6, Part VI, Line 19

Various items may be posted on the website or copies are made available upon request.

Filing and Contact Details

Filer

Filer Name
Public Education Foundation of
EIN
35-1660363
Phone
8124350913
Address
951 WALNUT STREET, EVANSVILLE, IN 47713

Signing Officer

Name
Michael Cameron
Title
Treasurer/director
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cameron
Formed
1985
Legal Domicile
In
Voting Board Members
20
Independent Board Members
20
Employees
2

Preparer

Firm
Weinzapfel & Co LLC
Address
1301 MORTENSEN LN, EVANSVILLE, IN 47715
Preparer
Leigh Ann Weinzapfel CPA
Phone
8124741015
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Teacher study grants have been awarded for professional development opportunities. Once completed the individuals will share the information with others throughout the evansville vanderburgh school corporation. Academic superbowl-teams of students from all 15 evansville vanderburgh school corporation, middle and high schools, are supported by the foundation so they may compete annually in areas of fine arts, math, language arts, science and social studies at the city, regional, and state level. Children's theatre productions provide weeklong after-school programs for up to seventy-five elementary and middle school students. They participate in original musical adaptations of a children's fairy tale. Students audition, rehearse with cast and crew and provide two performance on saturday. Academic team assistance-financial assistance is provided for student academic teams who qualify at the state and/or national level in competitions. Middle school speech-each fall this program provides students from all ten evsc middle schools the opportunity to compete in various areas of speech. These areas include poetry, prose, interpretation, original oratory, and duo interpretation unscripted. Sustainability grants to suppor projects which increase classroom learning in the fields of energy conservation and environmental stewardship. Priority is given to projects that demonstrate the ability to sustain themselves beyond a single school year.

Form 990, Part XI, Line 9

Merger -1,403,554 all net assets were transferred to evsc foundation, inc. See schedule n and certificate of merger attached.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Available for scholarship and educational grants.

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IRS990/MissionDesc0SUPPORT THE PUBLIC EDUCATION STUDENT BODY: FUND PROJECTS AND PROGRAMS WHICH ENGAGE THE COMMUNITY AND REWARD STUDENT CENTERED INNOVATION IN THE PUBLIC SCHOOLS.
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IRS990/OtherExpensesGrp/Desc0MUSICAL PROJECT
IRS990/OtherExpensesGrp/Desc1EVANSVILLE OTTERS
IRS990/OtherExpensesGrp/Desc2CHILDREN'S THEATRE PROD.
IRS990/OtherExpensesGrp/Desc3COVID PROJECT
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IRS990/PrincipalOfficerNm0MICHAEL CAMERON
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IRS990/ProgSrvcAccomActy2Grp/Desc0EXCELLENCE IN EDUCATION GRANTS ARE AWARDED EACH FALL PROVIDING UP TO 1,000 IN CURRICULUM SUPPORT FOR CLASSROOM OR SCHOOL-WIDE PROJECTS. FOURTEEN SCHOOLS ARE REPRESENTED REACHING APPROXIMATELY 2,800 STUDENTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CLASSROOM ENRICHMENT GRANTS REPRESENT THE COLLABORATIVE EFFORTS OF THE ROTARY FOUNDATION OF EVANSVILLE, ROTARY CLUB, LOVE FOUNDATION AND PUBLIC EDUCATION FOUNDATION. CROSS-DISCIPLINARY OR MULTIPLE CLASSROOM COLLABORATION AS WELL AS TRADITIONAL CLASSROOM ENRICHMENT GRANTS PROVIDE FUNDS FOR MANY TEACHERS' INNOVATIVE CLASSROOM PROGRAMS THAT WOULD NOT OTHERWISE BE FUNDED (MATH, LANGUAGE ARTS, SCIENCE, TECHNOLOGY, PHYSICAL FITNESS, MUSIC AND VISUAL ARTS ARE ALL AREAS SUPPORTED BY THESE GRANTS.) TWENTY-NINE SCHOOLS BENEFIT NEARLY 10,000 STUDENTS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TEACHER STUDY GRANTS HAVE BEEN AWARDED FOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES. ONCE COMPLETED THE INDIVIDUALS WILL SHARE THE INFORMATION WITH OTHERS THROUGHOUT THE EVANSVILLE VANDERBURGH SCHOOL CORPORATION. ACADEMIC SUPERBOWL-TEAMS OF STUDENTS FROM ALL 15 EVANSVILLE VANDERBURGH SCHOOL CORPORATION, MIDDLE AND HIGH SCHOOLS, ARE SUPPORTED BY THE FOUNDATION SO THEY MAY COMPETE ANNUALLY IN AREAS OF FINE ARTS, MATH, LANGUAGE ARTS, SCIENCE AND SOCIAL STUDIES AT THE CITY, REGIONAL, AND STATE LEVEL. CHILDREN'S THEATRE PRODUCTIONS PROVIDE WEEKLONG AFTER-SCHOOL PROGRAMS FOR UP TO SEVENTY-FIVE ELEMENTARY AND MIDDLE SCHOOL STUDENTS. THEY PARTICIPATE IN ORIGINAL MUSICAL ADAPTATIONS OF A CHILDREN'S FAIRY TALE. STUDENTS AUDITION, REHEARSE WITH CAST AND CREW AND PROVIDE TWO PERFORMANCE ON SATURDAY. ACADEMIC TEAM ASSISTANCE-FINANCIAL ASSISTANCE IS PROVIDED FOR STUDENT ACADEMIC TEAMS WHO QUALIFY AT THE STATE AND/OR NATIONAL LEVEL IN COMPETITIONS. MIDDLE SCHOOL SPEECH-EACH FALL THIS PROGRAM PROVIDES STUDENTS FROM ALL TEN EVSC MIDDLE SCHOOLS THE OPPORTUNITY TO COMPETE IN VARIOUS AREAS OF SPEECH. THESE AREAS INCLUDE POETRY, PROSE, INTERPRETATION, ORIGINAL ORATORY, AND DUO INTERPRETATION UNSCRIPTED. SUSTAINABILITY GRANTS TO SUPPOR PROJECTS WHICH INCREASE CLASSROOM LEARNING IN THE FIELDS OF ENERGY CONSERVATION AND ENVIRONMENTAL STEWARDSHIP. PRIORITY IS GIVEN TO PROJECTS THAT DEMONSTRATE THE ABILITY TO SUSTAIN THEMSELVES BEYOND A SINGLE SCHOOL YEAR.
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