Civic Intelligence

Center Grove Education Foundation

EIN 35-2062408 • 501(c)3 • Greenwood, IN

Profile

Partner with our community to enrich the lives of all cgcsc students by funding extraordinary and innovative learning experiences.

2789 Trojan LaneGreenwood, IN 46143

www.centergrovefoundation.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.02x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.08x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$37,500

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2021

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2021

Assets

Down

$579,123

Down $21,982 (-3.7%) from 2020

Liabilities

Up

$11,205

Up $405 (+3.8%) from 2020

Net Assets

Down

$567,918

Down $22,387 (-3.8%) from 2020

Revenue

Down

$145,620

Down $32,842 (-18%) from 2020

Expenses

Down

$168,007

Down $818 (-0.5%) from 2020

Net Income

Down

-$22,387

Down $32,024 (-332%) from 2020

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $456,428Liabilities 2015: $0Net Assets 2015: $456,4282015Assets 2016: $512,220Liabilities 2016: $0Net Assets 2016: $512,2202016Assets 2017: $504,961Liabilities 2017: $2,619Net Assets 2017: $502,3422017Assets 2018: $594,201Liabilities 2018: $1,513Net Assets 2018: $592,6882018Assets 2019: $580,668Liabilities 2019: $0Net Assets 2019: $580,6682019Assets 2020: $601,105Liabilities 2020: $10,800Net Assets 2020: $590,3052020Assets 2021: $579,123Liabilities 2021: $11,205Net Assets 2021: $567,9182021

Highlighted filing

2021

Assets$579,123
Liabilities$11,205
Net Assets$567,918

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2015: $229,093Expenses 2015: $130,982Net Income 2015: $98,1112015Revenue 2016: $187,969Expenses 2016: $132,177Net Income 2016: $55,7922016Revenue 2017: $164,362Expenses 2017: $174,240Net Income 2017: -$9,8782017Revenue 2018: $268,220Expenses 2018: $177,874Net Income 2018: $90,3462018Revenue 2019: $190,389Expenses 2019: $202,409Net Income 2019: -$12,0202019Revenue 2020: $178,462Expenses 2020: $168,825Net Income 2020: $9,6372020Revenue 2021: $145,620Expenses 2021: $168,007Net Income 2021: -$22,3872021

Highlighted filing

2021

Revenue$145,620
Expenses$168,007
Net Income-$22,387

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.2
Gross Receipts
$162,790
Mission and Program Overview

Mission

Partner with our community to enrich the lives of all cgcsc students by funding extraordinary and innovative learning experiences.

Enriching lives of students by funding extraordinary and innovative learning experiences

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$590,305$567,918▼ $22,387
Investments Other Securities$403,005$415,958▲ $12,953
Savings and Temporary Cash Investments$92,064$89,341▼ $2,723
Cash and Non-Interest-Bearing Accounts$105,064$73,824▼ $31,240
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$601,105$579,123▼ $21,982
Other Assets Total$972--
Liabilities
Unsecured Notes Loans Payable$10,800$10,992▲ $192
Mortgage Notes Payable Secured by Investment Property-$213-
Total Liabilities$10,800$11,205▲ $405
Net Assets / Fund Balance
Total Net Assets Fund Balance$590,305$567,918▼ $22,387
Total Liabilities and Net Assets / Fund Balance$601,105$579,123▼ $21,982

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$242,272--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$173,686---$173,686
2019$177,000-▲ $2,982-$173,686
2018$188,231-▲ $18,804-$177,000
2017$181,816-▲ $8,204-$188,231
2016$173,785$50▲ $11,144-$181,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer RakowExecutive DirectorPT$52,885$52,885

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$122,539
Program Service Revenue
$0
Investment Income
$12,981
Other Revenue
$10,100
All Other Contributions
$97,928
Change in Net Assets
$-22,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,351
Salaries, Compensation, and Employee Benefits$54,076
Other Expenses$9,580
Total Fundraising Expense$5,420
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$104,351--$104,351
Current Officers, Directors, Trustees, and Key Employees$22,586$22,586$5,020$50,192
Payroll Taxes$1,728$1,772$384$3,884
Information Technology-$3,356-$3,356
Office Expenses$349$2,414$16$2,779
Insurance-$1,884-$1,884
Advertising$899--$899
Fees for Services Accounting-$500-$500
Fees for Services Legal-$101-$101
Interest$61--$61
Total Functional Expenses$129,974$32,613$5,420$168,007
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$25,673
Fundraising Direct Expenses$13,125
Gaming Direct Expenses$4,045
Fundraising Gross Income$1,597
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Indiana Pacer Fundraiser$2,020$2,020-$2,020
Gala for the Grove$13,327$-423$1,625$-2,048
Total Events$15,347$1,597$13,125$-11,528
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
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
No
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, Part VI, Section B, Line 11B

The return is provided to and reviewed by the organization's governing body before approval is made for it to be filed.

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

The organization requires that all officers and directors disclose on an annual basis any issue that could cause a conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on specific request.

Filing and Contact Details

Filer

Filer Name
Center Grove Education Foundation
EIN
35-2062408
Phone
3178819326
Address
2789 TROJAN LANE, GREENWOOD, IN 46143

Signing Officer

Name
Jennifer Rakow
Title
Executive Director
Phone
3178819326
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Rakow
Formed
1998
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
15

Preparer

Firm
Dillon Accounting & Tax Services LLC
Address
199 N MAIN ST, FRANKLIN, IN 46131
Preparer
Josie Dillon CPA
Phone
3174319196
Supplemental Narrative

Additional Explanations

Form 990, Schedule D, Part V

At the time of filing, not all third-party endowment information detail was made available to the organization. As such, the organization has elected to file form 990 and required schedules for the year ending june 30, 2021, with the best information available at the time. The organization will file an amended form 990 and required schedules at a later date as soon as all necessary information comes available.

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IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt09637
IRS990/PYSalariesCompEmpBnftPaidAmt053825
IRS990/PYTotalExpensesAmt0168825
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0178462
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22387
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0590305
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0567918
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092064
IRS990/SavingsAndTempCashInvstGrp/EOYAmt089341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0111678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0130083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0217248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0265265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0166852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0891126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012981
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022074
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt021421
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt086701
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0224335
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91130
IRS990ScheduleA/PublicSupportPY170Pct00.92630
IRS990ScheduleA/PublicSupportTotal170Amt0891126
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0111678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0130083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0217248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0265265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0166852
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0891126
IRS990ScheduleA/TotalSupportAmt0977827
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0173686
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0173686
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0177000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0173686
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt03996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02982
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt013368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0188231
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0177000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt016667
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018804
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0181816
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0188231
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08204
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01356
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0173785
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0181816
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01807
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011144
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0173686
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1242272
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ENDOWMENT ASSETS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0415958
IRS990ScheduleG/CharitableDistributionRqrInd01
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/DistributedAmt019109
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt013750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt013750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013125
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA FOR THE GROVE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0INDIANA PACER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt013327
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt02020
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015347
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0-423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt02020
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01597
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-11528
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01625
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01625
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt09500
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt04045
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt025673
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt025673
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt021628
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesBingoAmt03378
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt03378
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0667
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt0667
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct01.00000
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0JENNIFER RAKOW

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