Civic Intelligence

Franklin Township Education Foundation Inc.

990 • Fiscal year 2014 • EIN 35-2000204

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 14, 2014

6141 South Franklin RoadIndianapolis, IN 46259

(317) 803-5037

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

58th percentile

$36,750

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

50th percentile

2.2%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

81st percentile

34%

Faster revenue growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$791,464

Up $17,399 (+2.2%) from 2013

Net Assets

Up

$791,464

Up $17,399 (+2.2%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$124,768

Up $31,411 (+34%) from 2013

Expenses

Up

$107,819

Up $25,988 (+32%) from 2013

Net Income

Up

$16,949

Up $5,423 (+47%) from 2013

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 2013: $774,065Liabilities 2013: $0Net Assets 2013: $774,0652013Assets 2014: $791,464Liabilities 2014: $0Net Assets 2014: $791,4642014Assets 2020: $1,008,857Liabilities 2020: $0Net Assets 2020: $1,008,8572020Assets 2021: $1,203,811Liabilities 2021: $0Net Assets 2021: $1,203,8112021Assets 2022: $1,032,632Liabilities 2022: $2,000Net Assets 2022: $1,030,6322022Assets 2023: $1,144,132Liabilities 2023: $6,167Net Assets 2023: $1,137,9652023Assets 2024: $1,230,142Liabilities 2024: $4,033Net Assets 2024: $1,226,1092024

Highlighted filing

2014

Assets$791,464
Liabilities$0
Net Assets$791,464

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $93,357Expenses 2013: $81,831Net Income 2013: $11,5262013Revenue 2014: $124,768Expenses 2014: $107,819Net Income 2014: $16,9492014Revenue 2020: $147,019Expenses 2020: $129,605Net Income 2020: $17,4142020Revenue 2021: $168,492Expenses 2021: $151,181Net Income 2021: $17,3112021Revenue 2022: $137,075Expenses 2022: $149,756Net Income 2022: -$12,6812022Revenue 2023: $141,950Expenses 2023: $118,357Net Income 2023: $23,5932023Revenue 2024: $215,700Expenses 2024: $193,590Net Income 2024: $22,1102024

Highlighted filing

2014

Revenue$124,768
Expenses$107,819
Net Income$16,949
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 14, 2014
Return Version
2014v5.0
Gross Receipts
$138,622
Mission and Program Overview

Mission

To have a positive impact on our community by supporting, enhancing, and creating unlimited educational opportunities in the public schools of franklin township.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$733,619$736,827▲ $3,208
Cash and Non-Interest-Bearing Accounts$40,446$54,637▲ $14,191
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$774,065$791,464▲ $17,399
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$736,405$752,637▲ $16,232
Unrestricted Net Assets$37,660$38,827▲ $1,167
Total Net Assets Fund Balance$774,065$791,464▲ $17,399
Total Liabilities and Net Assets / Fund Balance$774,065$791,464▲ $17,399

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$733,619-▲ $50,977$31,881$736,827
2013$682,597-▲ $95,463$30,130$733,619
2012$650,494-▲ $76,484$30,216$682,597
2011$686,976-▲ $6,401$25,554$650,494
2010$653,204-▲ $76,237$28,319$686,976
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marikay RatersExec DirectorFT$36,750$36,750

Board Members and Trustees

NameTitle
Gene BellPresident
Rosalie HawthorneVice President
Dawn DownerBoard Liaison
Dr Flora ReichanadterBoard Liaison
C Ben SchumanDirector
Elisabeth GoodDirector
G Jean KitleyDirector
Garry StevensonDirector
Michael J TappDirector
Ron FisherDirector
Samuel Gray JrDirector
Scott VerbargDirector
Steve StangelDirector
Barbara FengyaSecretary
Lindsay WirtzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,852
Program Service Revenue
$0
Investment Income
$50,527
Other Revenue
$35,389
All Other Contributions
$38,852
Change in Net Assets
$16,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,079
Salaries, Compensation, and Employee Benefits$39,561
Other Expenses$28,179
Total Fundraising Expense$15,870
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$11,025$14,700$11,025$36,750
Grants to Domestic Orgs$27,551--$27,551
Grants to Domestic Individuals$12,528--$12,528
Fees for Service Investment Mgmnt Fees$11,088--$11,088
Fees for Services Other-$3,605-$3,605
Payroll Taxes$843$1,125$843$2,811
Advertising$1,335-$1,334$2,669
Insurance-$1,351-$1,351
Office Expenses-$863$17$880
Other Expenses$798$465$348$798
All Other Expenses$217$290-$507
Conferences and Meetings$72$95$72$239
Total Functional Expenses$69,455$22,494$15,870$107,819
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin Twsp School CorpIndianapolis, IN-Educational Assistance$21,839
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,243
Fundraising Direct Expenses$13,854
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fast Flash$21,680$21,680$8,496$13,184
Major Saver$14,201$14,201-$14,201
Total Events$49,243$49,243$13,854$35,389
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The directors of the foundation are its only members.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Members approve election of new board members, as needed, on an annual basis.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

A vote of a majority of the voting members present, in which a quorum is present, is required for approval.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 was provided to the board of directors before it was filed. Comments to the form 990, if any, from the directors are incorporated into the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board of directors sign statements there are no conflicts of interest on an annual basis. Any conflicts that do arise are discussed among the board members and resolved accordingly.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board approves compensation of the executive director.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies are available upon request.

Filing and Contact Details

Filer

Filer Name
Franklin Township Education
EIN
35-2000204
Phone
3178035037
Address
6141 South Franklin Road, Indianapolis, IN 46259

Signing Officer

Name
Marikay Raters
Title
Exec Director
Signed
2014-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Bell
Formed
1997
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
75

Preparer

Firm
PILE CPAs
Address
ONE INDIANA SQ SUITE 1200, INDIANAPOLIS, IN 46204-2066
Preparer
Jeremy C Kopeck CPA
Phone
3172693454
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Franklin township education foundation began initiatives to seek community funding and support to help franklin township school district provide students with opportunities involving areas such as academics, athletics and arts, as well other student-assistance activities.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To distribute grants and scholarships.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt027551
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IRS990/InsuranceGrp/TotalAmt01351
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO HAVE A POSITIVE IMPACT ON OUR COMMUNITY BY SUPPORTING, ENHANCING, AND CREATING UNLIMITED EDUCATIONAL OPPORTUNITIES IN THE PUBLIC SCHOOLS OF FRANKLIN TOWNSHIP.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0791464
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt035389
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt00
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IRS990/OperateHospitalInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt0843
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IRS990/PrincipalOfficerNm0Gene Bell
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016020
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IRS990ScheduleA/PublicSupportCY170Pct00.68670
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt094161

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