Civic Intelligence

Perry Township Education Foundation Inc.

990 • Fiscal year 2020 • EIN 35-1923843

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

6548 Orinoco AvenueIndianapolis, IN 46227

(317) 789-2395

Siviq Scores

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

Liabilities / Assets

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.77x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$38,120

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-1.8%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,782,220

Down $308,050 (-15%) from 2019

Net Assets

Up

$1,650,474

Up $110,209 (+7.2%) from 2019

Liabilities

Down

$131,746

Down $418,259 (-76%) from 2019

Revenue

Down

$171,748

Down $3,128 (-1.8%) from 2019

Expenses

Down

$113,987

Down $52,751 (-32%) from 2019

Net Income

Up

$57,761

Up $49,623 (+610%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,436,650Liabilities 2010: $3,090Net Assets 2010: $1,433,5602010Assets 2011: $1,333,357Liabilities 2011: $2,534Net Assets 2011: $1,330,8232011Assets 2012: $2,253,190Liabilities 2012: $864,756Net Assets 2012: $1,388,4342012Assets 2013: $2,227,538Liabilities 2013: $772,685Net Assets 2013: $1,454,8532013Assets 2014: $2,243,121Liabilities 2014: $760,566Net Assets 2014: $1,482,5552014Assets 2015: $1,997,033Liabilities 2015: $605,782Net Assets 2015: $1,391,2512015Assets 2016: $2,779,660Liabilities 2016: $1,323,554Net Assets 2016: $1,456,1062016Assets 2017: $2,466,509Liabilities 2017: $891,906Net Assets 2017: $1,574,6032017Assets 2018: $1,985,850Liabilities 2018: $561,556Net Assets 2018: $1,424,2942018Assets 2019: $2,090,270Liabilities 2019: $550,005Net Assets 2019: $1,540,2652019Assets 2020: $1,782,220Liabilities 2020: $131,746Net Assets 2020: $1,650,4742020Assets 2021: $2,057,827Liabilities 2021: $6,032Net Assets 2021: $2,051,7952021Assets 2022: $1,820,301Liabilities 2022: $4,017Net Assets 2022: $1,816,2842022Assets 2023: $1,900,187Liabilities 2023: $11,109Net Assets 2023: $1,889,0782023Assets 2024: $2,016,831Liabilities 2024: $0Net Assets 2024: $2,016,8312024

Highlighted filing

2020

Assets$1,782,220
Liabilities$131,746
Net Assets$1,650,474

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $176,0142010Expenses 2011: $182,2842011Expenses 2012: $1,058,0092012Revenue 2013: $262,752Expenses 2013: $289,243Net Income 2013: -$26,4912013Revenue 2014: $250,357Expenses 2014: $218,719Net Income 2014: $31,6382014Revenue 2015: $197,371Expenses 2015: $220,549Net Income 2015: -$23,1782015Revenue 2016: $1,139,501Expenses 2016: $1,107,417Net Income 2016: $32,0842016Revenue 2017: $169,090Expenses 2017: $164,805Net Income 2017: $4,2852017Revenue 2018: $105,766Expenses 2018: $187,934Net Income 2018: -$82,1682018Revenue 2019: $174,876Expenses 2019: $166,738Net Income 2019: $8,1382019Revenue 2020: $171,748Expenses 2020: $113,987Net Income 2020: $57,7612020Revenue 2021: $254,444Expenses 2021: $139,849Net Income 2021: $114,5952021Revenue 2022: $150,802Expenses 2022: $111,895Net Income 2022: $38,9072022Revenue 2023: $146,004Expenses 2023: $198,058Net Income 2023: -$52,0542023Revenue 2024: $247,007Expenses 2024: $188,758Net Income 2024: $58,2492024

Highlighted filing

2020

Revenue$171,748
Expenses$113,987
Net Income$57,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$203,658
Mission and Program Overview

Mission

The corporation is organized exclusively to promote and support education; to receive and administer funds for such additional and charitable purposes as related to and in support of the curricular and extracurricular activities, programs and facilities (cont'd on sch o) of the public schools operated by the board of education of the metropolitan school district of perry township.

To promote and support education; to receive and administer funds for such purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,383,830$1,368,433▼ $15,397
Savings and Temporary Cash Investments$97,491$205,258▲ $107,767
Cash and Non-Interest-Bearing Accounts$141,521$104,501▼ $37,020
Pledges and Grants Receivable$467,428$104,028▼ $363,400
Total Assets$2,090,270$1,782,220▼ $308,050
Liabilities
Accounts Payable and Accrued Expenses$455,005$119,946▼ $335,059
Other Liabilities$95,000$11,800▼ $83,200
Total Liabilities$550,005$131,746▼ $418,259
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,369,203$1,459,610▲ $90,407
Net Assets Without Donor Restrictions$171,062$190,864▲ $19,802
Total Net Assets Fund Balance$1,540,265$1,650,474▲ $110,209
Total Liabilities and Net Assets / Fund Balance$2,090,270$1,782,220▼ $308,050

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$10,220-
Other Securities$1,368,433--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,369,203-▲ $160,435-$1,459,610
2019$1,251,414-▲ $192,091-$1,369,203
2018$1,365,759-▼ $26,187-$1,251,414
2017$1,259,559-▲ $197,634-$1,365,759
2016$1,249,633$21,766▲ $67,862-$1,259,559
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amelia MillerExecutive DiPT$38,120$38,120

Board Members and Trustees

NameTitle
Kim SchroederPresident
Amy MooreBoard Member
Andrew MayBoard Member
Charles T Stumpf JrBoard Member
Christopher CopelandBoard Member
Erin AnceletBoard Member
Krista Hoffman-longtinBoard Member
Monica Ponce MaySecretary
Delvan RoehlingTreasurer
Dustin HiteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$70,508
Program Service Revenue
$0
Investment Income
$95,236
Other Revenue
$6,004
All Other Contributions
$58,358
Change in Net Assets
$57,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,107
Other Expenses$46,746
Total Fundraising Expense$23,280
Grants and Similar Amounts Paid$7,134
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$15,248$7,624$15,248$38,120
Other Salaries and Wages$7,087$3,543$7,086$17,716
Fees for Services Accounting-$12,523-$12,523
Fees for Service Investment Mgmnt Fees$11,671--$11,671
Grants to Domestic Orgs$7,134--$7,134
Information Technology$5,676--$5,676
Office Expenses$5,114$535-$5,649
Payroll Taxes$1,709$1,708$854$4,271
Insurance-$2,281-$2,281
Other Expenses$970$954-$954
Travel$92$46$92$230
Interest-$79-$79
Total Functional Expenses$57,911$32,796$23,280$113,987
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,864
Fundraising Direct Expenses$12,860
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Family Fit Fest$31,014$18,864$750$18,114
Total Events$31,014$18,864$12,860$6,004
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$11,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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 majority of the information necessary to complete the form 990 was gathered by perry township education foundation's executive director and board treasurer. An outside public accounting firm prepared a draft copy of the form 990 that was sent to the board's executive committee (president, vice president, president pro tem, treasurer and secretary) for review. Once approved by the executive committee, the entire board was provided a final copy before it was filed.

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

The executive committee of the board of directors reviews the potential for conflicts, reported conflicts, and other matters on an annual basis.

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

Compensation is determined by current market factors for like organizations of comparable size. The executive committee is responsible for determining and approving compensation.

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

Compensation is determined by current market factors for like organizations of comparable size. The executive committee is responsible for determining and approving compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, applicable policies, and financial statements available upon written request.

Filing and Contact Details

Filer

Filer Name
Perry Township Education Foundation
EIN
35-1923843
Phone
3177892395
Address
6548 ORINOCO AVENUE, INDIANAPOLIS, IN 46227

Signing Officer

Name
Delvan Roehling
Title
Treasurer
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delvan Roehling
Formed
1995
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
35

Preparer

Firm
Compass Pointe Cpas Llp
Address
609 TREYBOURNE DR STE A, GREENWOOD, IN 46142
Preparer
Angela L Coy CPA
Phone
3178816670
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized exclusively to promote and support education; to receive and administer funds for such additional and charitable purposes as related to and in support of the curricular and extracurricular activities, programs and facilities of the public schools operated by the board of education of the metropolitan school district of perry township.

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

Perry township education foundation, inc. (the foundation) provides grant funds for unique projects to promote learning in perry township.

Form 990, Part XI, Line 9

Uncollectible pledges -11,000

Form 990, Page 12, Part XII, Line 2C

The foundation has a finance committee whose primary responsibility is to maintain the integrity of the foundation. The committee meets, at a minimum, on a quarterly basis. Responsibilities include maintaining adequate financial policies and controls; developing the annual operating budget; maintaining current financial plans and investment goals; and ensuring that proper and timely financial reporting is maintained. This committee is responsible for the selection of the independent accountant and the oversight of the compiled financial statements. No changes to this process have been made since the last filing of the organization's non- profit tax returns.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The sole inteded use of the foundation's endowment funds are for the long- term, sustainable funding of grants for educators and scholarships for students in perry township. Each year, the foundation uses approximately 5% of the endowment assets to award grants and scholarships. The organization's endowment funds are primarily held by the central indiana community fund, an unrelated organization that maintains multiple community assets.

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IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY TO PROMOTE AND SUPPORT EDUCATION; TO RECEIVE AND ADMINISTER FUNDS FOR SUCH ADDITIONAL AND CHARITABLE PURPOSES AS RELATED TO AND IN SUPPORT OF THE CURRICULAR AND EXTRACURRICULAR ACTIVITIES, PROGRAMS AND FACILITIES OF THE PUBLIC SCHOOLS OPERATED BY THE BOARD OF EDUCATION OF THE METROPOLITAN SCHOOL DISTRICT OF PERRY TOWNSHIP.
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IRS990/NetAssetsOrFundBalancesEOYAmt01650474
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IRS990/NetUnrlzdGainsLossesInvstAmt063448
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1VOLUNTEER RECOGNITION
IRS990/OtherExpensesGrp/Desc2DONOR RECOGNITION
IRS990/OtherExpensesGrp/Desc3CREDIT CARD CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1954
IRS990/OtherExpensesGrp/ProgramServicesAmt03210
IRS990/OtherExpensesGrp/ProgramServicesAmt1970
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IRS990/OtherExpensesGrp/TotalAmt13210
IRS990/OtherExpensesGrp/TotalAmt2970
IRS990/OtherExpensesGrp/TotalAmt3954
IRS990/OtherLiabilitiesGrp/BOYAmt095000
IRS990/OtherLiabilitiesGrp/EOYAmt011800
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07086
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IRS990/OtherSalariesAndWagesGrp/TotalAmt017716
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IRS990/PayrollTaxesGrp/FundraisingAmt0854
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DELVAN ROEHLING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PERRY TOWNSHIP EDUCATION FOUNDATION, INC. (THE FOUNDATION) PROVIDES GRANT FUNDS FOR UNIQUE PROJECTS TO PROMOTE LEARNING IN PERRY TOWNSHIP.
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IRS990/ReconcilationRevenueExpnssAmt057761
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt079
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013897
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt063676
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0237961
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt030
IRS990ScheduleA/OtherIncome170Grp/TotalAmt079
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt073546
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt069161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt066480
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0357965
IRS990ScheduleA/TotalSupportAmt0421720
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt011339
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01369203
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01459610
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt058689
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0160435
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt013648
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01369203
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt060654
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0192091
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017322
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01365759
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01251414
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt070836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-26187
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt023297
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01259559
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01365759
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0197634
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt012412
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01249633
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt021766
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01259559
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt067290
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067862
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010220
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt010220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01368433
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT ASSETS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SOLE INTEDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS ARE FOR THE LONG- TERM, SUSTAINABLE FUNDING OF GRANTS FOR EDUCATORS AND SCHOLARSHIPS FOR STUDENTS IN PERRY TOWNSHIP. EACH YEAR, THE FOUNDATION USES APPROXIMATELY 5% OF THE ENDOWMENT ASSETS TO AWARD GRANTS AND SCHOLARSHIPS. THE ORGANIZATION'S ENDOWMENT FUNDS ARE PRIMARILY HELD BY THE CENTRAL INDIANA COMMUNITY FUND, AN UNRELATED ORGANIZATION THAT MAINTAINS MULTIPLE COMMUNITY ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueSecuritiesAmt01368433
IRS990ScheduleD/TotalLiabilityAmt011800
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt03100
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt03100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012150
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012860
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FAMILY FIT FEST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031014
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031014
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018864
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018864
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06004
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt09010
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt09010
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0750
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0750
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY TO PROMOTE AND SUPPORT EDUCATION; TO RECEIVE AND ADMINISTER FUNDS FOR SUCH ADDITIONAL AND CHARITABLE PURPOSES AS RELATED TO AND IN SUPPORT OF THE CURRICULAR AND EXTRACURRICULAR ACTIVITIES, PROGRAMS AND FACILITIES OF THE PUBLIC SCHOOLS OPERATED BY THE BOARD OF EDUCATION OF THE METROPOLITAN SCHOOL DISTRICT OF PERRY TOWNSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERRY TOWNSHIP EDUCATION FOUNDATION, INC. (THE FOUNDATION) PROVIDES GRANT FUNDS FOR UNIQUE PROJECTS TO PROMOTE LEARNING IN PERRY TOWNSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MAJORITY OF THE INFORMATION NECESSARY TO COMPLETE THE FORM 990 WAS GATHERED BY PERRY TOWNSHIP EDUCATION FOUNDATION'S EXECUTIVE DIRECTOR AND BOARD TREASURER. AN OUTSIDE PUBLIC ACCOUNTING FIRM PREPARED A DRAFT COPY OF THE FORM 990 THAT WAS SENT TO THE BOARD'S EXECUTIVE COMMITTEE (PRESIDENT, VICE PRESIDENT, PRESIDENT PRO TEM, TREASURER AND SECRETARY) FOR REVIEW. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE ENTIRE BOARD WAS PROVIDED A FINAL COPY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE POTENTIAL FOR CONFLICTS, REPORTED CONFLICTS, AND OTHER MATTERS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS DETERMINED BY CURRENT MARKET FACTORS FOR LIKE ORGANIZATIONS OF COMPARABLE SIZE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING AND APPROVING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY CURRENT MARKET FACTORS FOR LIKE ORGANIZATIONS OF COMPARABLE SIZE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING AND APPROVING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, APPLICABLE POLICIES, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNCOLLECTIBLE PLEDGES -11,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FOUNDATION HAS A FINANCE COMMITTEE WHOSE PRIMARY RESPONSIBILITY IS TO MAINTAIN THE INTEGRITY OF THE FOUNDATION. THE COMMITTEE MEETS, AT A MINIMUM, ON A QUARTERLY BASIS. RESPONSIBILITIES INCLUDE MAINTAINING ADEQUATE FINANCIAL POLICIES AND CONTROLS; DEVELOPING THE ANNUAL OPERATING BUDGET; MAINTAINING CURRENT FINANCIAL PLANS AND INVESTMENT GOALS; AND ENSURING THAT PROPER AND TIMELY FINANCIAL REPORTING IS MAINTAINED. THIS COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE COMPILED FINANCIAL STATEMENTS. NO CHANGES TO THIS PROCESS HAVE BEEN MADE SINCE THE LAST FILING OF THE ORGANIZATION'S NON- PROFIT TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.25$0.19$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.90$0.01$1.89$0.15$0.20$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.15$0.11$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.25$0.14$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.13$1.65$0.17$0.11$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.55$1.54$0.17$0.17$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.99$0.56$1.42$0.11$0.19$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.47$0.89$1.57$0.17$0.16$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.78$1.32$1.46$1.14$1.11$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.00$0.61$1.39$0.20$0.22$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.76$1.48$0.25$0.22$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.23$0.77$1.45$0.26$0.29$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.86$1.39$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.43$0.18