Civic Intelligence

Phi Delta Kappa Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 35-1935491

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

1820 N Fort Myer Drive Suite 320Arlington, VA 22209

(800) 766-1156

Siviq Scores

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

Liabilities / Assets

37th percentile

0.07x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.87x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

1st percentile

-217%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$347,609

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 42.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-19%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$9,699,913

Down $1,090,271 (-10%) from 2017

Net Assets

Down

$8,991,931

Down $1,798,253 (-17%) from 2017

Liabilities

Up

$707,982

Up $707,982 from 2017

Revenue

Down

$810,417

Down $195,089 (-19%) from 2017

Expenses

Up

$2,571,702

Up $2,171,504 (+543%) from 2017

Net Income

Down

-$1,761,285

Down $2,366,593 (-391%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $11,653,955Liabilities 2014: $0Net Assets 2014: $11,653,9552014Assets 2015: $11,058,349Liabilities 2015: $15,234Net Assets 2015: $11,043,1152015Assets 2017: $10,790,184Liabilities 2017: $0Net Assets 2017: $10,790,1842017Assets 2018: $9,699,913Liabilities 2018: $707,982Net Assets 2018: $8,991,9312018Assets 2019: $6,743,676Liabilities 2019: $858,647Net Assets 2019: $5,885,0292019Assets 2020: $12,019,735Liabilities 2020: $0Net Assets 2020: $12,019,7352020Assets 2021: $13,360,089Liabilities 2021: $0Net Assets 2021: $13,360,0892021Assets 2022: $12,504,486Liabilities 2022: $0Net Assets 2022: $12,504,4862022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2018

Assets$9,699,913
Liabilities$707,982
Net Assets$8,991,931

Operations Trend

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

$20M$10M$0-$10M-$20MRevenue 2014: $1,025,555Expenses 2014: $961,599Net Income 2014: $63,9562014Revenue 2015: $1,047,988Expenses 2015: $833,900Net Income 2015: $214,0882015Revenue 2017: $1,005,506Expenses 2017: $400,198Net Income 2017: $605,3082017Revenue 2018: $810,417Expenses 2018: $2,571,702Net Income 2018: -$1,761,2852018Revenue 2019: $466,459Expenses 2019: $3,523,594Net Income 2019: -$3,057,1352019Revenue 2020: $296,774Expenses 2020: $64,900Net Income 2020: $231,8742020Revenue 2021: $162,157Expenses 2021: $20,160Net Income 2021: $141,9972021Revenue 2022: $148,052Expenses 2022: $18,895Net Income 2022: $129,1572022Revenue 2023: $0Expenses 2023: $12,504,486Net Income 2023: -$12,504,4862023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2018

Revenue$810,417
Expenses$2,571,702
Net Income-$1,761,285
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$3,679,340
Mission and Program Overview

Mission

To support, encourage, and finance public education related activities, be the agency for the receipt of charitable income and administer these funds for pdk international.

To support, encourage, and finance public education related activities, be the agency for the receipt of charitable income and administer these funds for pdk intl.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,790,184$9,699,913▼ $1,090,271
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,790,184$9,699,913▼ $1,090,271
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$707,982▲ $707,982
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$707,982▲ $707,982
Net Assets / Fund Balance
Unrestricted Net Assets$7,550,563$5,752,310▼ $1,798,253
Permanently Rstr Net Assets$3,239,621$3,239,621→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,790,184$8,991,931▼ $1,798,253
Total Liabilities and Net Assets / Fund Balance$10,790,184$9,699,913▼ $1,090,271

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,094,482-▲ $171,761-$4,200,323
2016$3,591,581-▲ $695,021-$4,094,482
2015$3,806,031$6,083▼ $95,332-$3,591,581
2014$3,905,402$14,007▲ $772-$3,806,031
2013$3,480,332$84,349▲ $441,536-$3,905,402
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ashley KincaidEd Rising Co-directorPT$142,502$142,502

Board Members and Trustees

NameTitle
Sharon RobinsonBoard Member and Chair
Doug ChristensenBoard Member
Frederick FrelowBoard Member
Mark StraussBoard Member
Rick KolowskiBoard Member
Daniel BrownEd Rising Co-director
Joshua StarrCEO
Gislaine NgounouChief Program Officer
Albert ChenCOO
Joan RichardsonKappan Editor
Revenue and Support

Revenue Composition

Contributions and Grants
$194,020
Program Service Revenue
$0
Investment Income
$616,397
Other Revenue
$0
All Other Contributions
$194,020
Change in Net Assets
$-1,761,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,865,620
Other Expenses$371,621
Salaries, Compensation, and Employee Benefits$334,461
Total Fundraising Expense$41,009
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,678,920--$1,678,920
Fees for Services Other$330,152--$330,152
Other Salaries and Wages$172,613$86,307$28,769$287,689
Grants to Domestic Individuals$186,700--$186,700
Other Employee Benefits$28,063$14,032$4,677$46,772
Office Expenses$25,817--$25,817
Travel$6,447--$6,447
Advertising--$2,364$2,364
Conferences and Meetings$1,349--$1,349
Other Expenses$293-$5,199$293
Total Functional Expenses$2,430,354$100,339$41,009$2,571,702
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phi Delta Kappa International IncArlington, VA501(c)(3)Program Support$1,678,920
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Loan$707,982
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
Yes
Compensation from other sources disclosed
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, Part VI, Section A, Line 4

Update to organization's bylaws: (1) updated purpose in article ii to list foundation as a supporting organization for phi delta kappa international, inc. And (2) updated article iii changing the board of governors size from "11" to a range of "3-20specifying all are appointed by the board of phi delta kappa international, inc. The organization also applied for and received approval to update its exempt status to operate as a 509(a)3 type 1 supporting organization. [applied april 2018; bylaws amended following year end in september 2018; irs approval letter rec'd november 2018]

Form 990, Part VI, Section B, Line 11B

990 review: it is the organization's policy that the chief executive officer may not file the federal form 990 for the organization without providing a copy to the board of governors. The 990 is prepared by an independent accounting firm and reviewed in detail by the director of finance and chief operating officer.

Form 990, Part VI, Section B, Line 12C

Conflict of interest: board members annually affirm verbally and effective with policy adopted in august 2009, board members submit any conflict of interest in writing. If there is a conflict, the board member with the conflict abstains from voting.

Form 990, Part VI, Section B, Line 15A

Review of compensation: the organization has left these two questions blank, because it does not compensate anyone.

Form 990, Part VI, Section C, Line 15B

Review of compensation: the organization has left these two questions blank, because it does not compensate anyone.

Form 990, Part VI, Section C, Line 19

Documents available: by-laws and board policies, including the conflict of interest policy, are provided upon request. Financial statements are provided only upon request.

Filing and Contact Details

Filer

Filer Name
Phi Delta Kappa Educational Foundation Inc
EIN
35-1935491
In Care Of
% MICHAEL CLAUSELL
Phone
8007661156
Address
1820 N Fort Myer Drive Suite 320, Arlington, VA 22209

Signing Officer

Name
Joshua P Starr
Title
CEO
Phone
8007661156
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua P Starr
Formed
1994
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
Preparer
Nicole B Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Number of employees reported on form w-3: the employees of phi delta kappa educational foundation, inc. Are paid through a common paymaster, and therefore are not reported on a form w-3 by phi dleta kappa educational foundation, inc. They are included on the form w-3 filed by phi delta kappa international, inc.

Form 990, Part XII, Line 2B

Audited financial statements: the organization's audit for the year ending 6/30/18 was not conducted before the return was filed. The organization intends to have the financial statements audited before the 6/30/19 filing.

Form 990 Part IX Line 11G

Description:langer research - pdk poll total fees:195624

Form 990 Part IX Line 11G

Description:hatcher group - pdk poll total fees:15540

Form 990 Part IX Line 11G

Description:contracted scholarship manager total fees:38250

Form 990 Part IX Line 11G

Description:miscellaneous graphic design total fees:600

Form 990 Part IX Line 11G

Description:other miscellaneous total fees:80138

Financial Statement Notes

Schedule D, Part V

Endowment funds: the purpose of the endowment fund is primarily to provide scholarships to students who intend to pursue degrees in education.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS: THE PURPOSE OF THE ENDOWMENT FUND IS PRIMARILY TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO INTEND TO PURSUE DEGREES IN EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART V
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