Civic Intelligence

Lawrenceburg Schools Endowment Corporation

990 • Fiscal year 2015 • EIN 35-2103764

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

322 Walnut StreetLawrenceburg, IN 47025

(812) 537-7200

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

42nd percentile

0.4%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

-0.4%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,907,459

Down $7,219 (-0.4%) from 2014

Net Assets

Down

$1,907,459

Down $7,219 (-0.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$938,959

Down $256,535 (-21%) from 2014

Expenses

Up

$935,653

Up $39,497 (+4.4%) from 2014

Net Income

Down

$3,306

Down $296,032 (-99%) from 2014

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: $1,447,818Liabilities 2010: $0Net Assets 2010: $1,447,8182010Assets 2011: $1,263,254Liabilities 2011: $0Net Assets 2011: $1,263,2542011Assets 2012: $1,438,731Liabilities 2012: $0Net Assets 2012: $1,438,7312012Assets 2013: $1,617,680Liabilities 2013: $0Net Assets 2013: $1,617,6802013Assets 2014: $1,914,678Liabilities 2014: $0Net Assets 2014: $1,914,6782014Assets 2015: $1,907,459Liabilities 2015: $0Net Assets 2015: $1,907,4592015Assets 2016: $1,718,696Liabilities 2016: $0Net Assets 2016: $1,718,6962016Assets 2017: $1,613,886Liabilities 2017: $0Net Assets 2017: $1,613,8862017Assets 2018: $1,504,768Liabilities 2018: $0Net Assets 2018: $1,504,7682018Assets 2019: $1,764,746Liabilities 2019: $0Net Assets 2019: $1,764,7462019Assets 2020: $1,947,821Liabilities 2020: $0Net Assets 2020: $1,947,8212020Assets 2021: $2,222,836Liabilities 2021: $0Net Assets 2021: $2,222,8362021Assets 2022: $2,139,086Liabilities 2022: $0Net Assets 2022: $2,139,0862022Assets 2023: $2,371,161Liabilities 2023: $0Net Assets 2023: $2,371,1612023Assets 2024: $2,645,600Liabilities 2024: $0Net Assets 2024: $2,645,6002024

Highlighted filing

2015

Assets$1,907,459
Liabilities$0
Net Assets$1,907,459

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,118,8542010Expenses 2011: $1,246,4452011Expenses 2012: $864,4632012Revenue 2013: $988,943Expenses 2013: $845,598Net Income 2013: $143,3452013Revenue 2014: $1,195,494Expenses 2014: $896,156Net Income 2014: $299,3382014Revenue 2015: $938,959Expenses 2015: $935,653Net Income 2015: $3,3062015Revenue 2016: $867,107Expenses 2016: $1,062,040Net Income 2016: -$194,9332016Revenue 2017: $247,485Expenses 2017: $395,224Net Income 2017: -$147,7392017Revenue 2018: $283,113Expenses 2018: $321,074Net Income 2018: -$37,9612018Revenue 2019: $291,814Expenses 2019: $124,534Net Income 2019: $167,2802019Revenue 2020: $218,838Expenses 2020: $136,117Net Income 2020: $82,7212020Revenue 2021: $285,273Expenses 2021: $99,012Net Income 2021: $186,2612021Revenue 2022: $280,774Expenses 2022: $130,576Net Income 2022: $150,1982022Revenue 2023: $292,188Expenses 2023: $188,289Net Income 2023: $103,8992023Revenue 2024: $332,149Expenses 2024: $156,863Net Income 2024: $175,2862024

Highlighted filing

2015

Revenue$938,959
Expenses$935,653
Net Income$3,306
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$938,959
Mission and Program Overview

Mission

To provide educational resources to schools in the lawrenceburg community school corporation and schools in the lawrenceburg area; priority, however, will be given to resources that directly benefit the students of a particular school.

To provide educational resources to schools in the lawrenceburg school district and schools in the lawrenceburg area; priority, however, will be given to resources that directly benefit the students of a particular school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,641,829$1,584,720▼ $57,109
Investments in Publicly Traded Securities$225,111$231,976▲ $6,865
Total Assets$1,914,678$1,907,459▼ $7,219
Other Assets Total$47,738$90,763▲ $43,025
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,914,678$1,907,459▼ $7,219
Total Net Assets Fund Balance$1,914,678$1,907,459▼ $7,219
Total Liabilities and Net Assets / Fund Balance$1,914,678$1,907,459▼ $7,219
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill Harveypresident
Mike Mclaughlinvice President
Judy Mcadamsboard member
Mike LawrenceBOARd member
Steve Wagnertreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$913,718
Program Service Revenue
$0
Investment Income
$25,241
Other Revenue
$0
Change in Net Assets
$3,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$938,959
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-10,525
Total Revenue per Audited Statements
$928,434
Total Revenue per Form 990
$938,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$910,430
Other Expenses$25,223
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$910,430--$910,430
Fees for Services Management-$15,000-$15,000
Fees for Services Accounting-$8,900-$8,900
Fees for Services Legal-$1,323-$1,323
Total Functional Expenses$910,430$25,223$0$935,653

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$935,653
Total Expenses per Audited Statements$935,653
Total Expenses per Form 990$935,653
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lawrenceburg Community School CorporationLawrenceburg, IN501(c)(3)Educational Purposes$879,024
st lawrence schoollAWRENCEBURG, IN-educational purposes$31,406
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
Audit committee
Yes
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 11

The dearborn community foundation executive director and accountant review the 990 prior to filing.

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

Board members sign the dearborn community foundation, inc. Policy and follow guidelines set by this policy. The policy is distributed each year to each board member. Each individual then must review the policy and disclose any conflicts of interest.

Form 990, Part VI, Section C, line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Lawrenceburg Schools Endowment
EIN
35-2103764
Phone
8125377200
Address
322 Walnut Street, Lawrenceburg, IN 47025

Signing Officer

Name
Bill Harvey
Title
President
Phone
8125394115
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Harvey
Formed
1997
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Blue & Co LLC
Address
106 Community Dr, Seymour, IN 47274
Preparer
Kandy L Wischmeier CPA
Phone
8125228416
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant.

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by LSEC and recognize a tax liability if LSEC has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by LSEC, and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. LSEC is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0LAWRENCEBURG SCHOOLS ENDOWMENT CORPORATION PROVIDES for 100% OF THE ANNUAL TEXTBOOK RENTAL FEE, a total of $301,748 in 2015, for students in the lawrenceburg community school corporation district.LAWRENCEBURG SCHOOLS ENDOWMENT CORPORATION PROVIDED GRANTS TO schools in the lawrenceburg community school corporation district FOR EDUCATIONAL AIDS and software programs, instructional fees and costs, student resource and counseling, homework assistant progam costs and student transportation in the amount of $608,682.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by LSEC and recognize a tax liability if LSEC has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by LSEC, and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. LSEC is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
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IRS990ScheduleI/RecipientTable/RecipientEIN0351147459
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1lAWRENCEBURG
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047025
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd147025
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ANY OF THE SCHOOLS WITHIN LAWRENCEBURG SCHOOL CORPORATION SUBMIT A GRANT APPLICATION TO THE FOUNDATION FOR UNRESTRICTED GRANTS. THE APPLICATIONS HAVE TO BE SIGNED OFF BY THE SCHOOL PRINCIPAL AND THE SUPERINTENDENT. THE DEARBORN COMMUNITY FOUNDATION PROGRAM DIRECTOR, REVIEWS THE APPLICATIONS TO MAKE SURE THEY MEET THE CRITERIA FOR THE GRANTS AND ARE ELIGIBLE. THE APPLICATIONS ARE APPROVED OR DENIED BY THE LAWRENCEBURG SCHOOL BOARD AND THEY GIVE THE LSEC BOARD RECOMMENDATIONS FOR GRANT MONEY. THE LSEC BOARD APPROVES AND MAKES THEIR RECOMMENDATION FOR THE DEARBORN COMMUNITY FOUNDATIONS BOARD APPROVAL. THIS IS THE FINAL APPROVAL NEEDED FOR GRANT MONEY. THERE ARE TWELVE GRANT CYCLES HELD THROUGHOUT THE YEAR. GRANT APPLICATIONS ARE DUE BY THE FIRST THURSDAY OF THE MONTH. GRANTS ARE BASED ON INCOME RECEIVED THROUGH THE REVENUE SHARING PLAN THROUGH THE CITY OF LAWRENCEBURG. THEREFORE, BUDGETS ARE NOT ABLE TO BE CREATED YEARLY. THERE IS A SPECIAL GRANT THAT THE CITY OF LAWRENCEBURG HAS PROVIDED TO EACH OF THE THREE SCHOOL ENDOWMENT CORPORATIONS IN THE COUNTY. THE SCHOOL CORPORATION SUBMITS A PLAN FOR USE OF THE FUNDS WHICH IS APPROVED BY LSEC AT ONE OF ITS REGULAR MONTHLY MEETINGS. THE LSEC TREASURER MAKES MONTHLY DISBURSEMENTS BASED ON INVOICES SUBMITTED BY THE SCHOOL CORPORATION AND FUNDS AVAILABLE IN EACH APPROVED BUDGET CATEGORY. A SPECIAL GRANT FROM THE CITY OF LAWRENCEBURG WAS PROVIDED TO THE LAWRENCEBURG SCHOOLS ENDOWMENT CORPORATION (LSEC) TO BE USED FOR TEXTBOOKS FOR LAWRENCEBURG COMMUNITY SCHOOL CORPORATION STUDENTS. THE LSEC TREASURER MAKES DISBURSEMENTS BASED ON INVOICES SUBMITTED BY THE CORPORATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DEARBORN COMMUNITY FOUNDATION EXECUTIVE DIRECTOR AND ACCOUNTANT REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN THE DEARBORN COMMUNITY FOUNDATION, INC. POLICY AND FOLLOW GUIDELINES SET BY THIS POLICY. THE POLICY IS DISTRIBUTED EACH YEAR TO EACH BOARD MEMBER. EACH INDIVIDUAL THEN MUST REVIEW THE POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01914678
IRS990/TotalAssetsEOYAmt01907459
IRS990/TotalAssetsGrp/BOYAmt01914678
IRS990/TotalAssetsGrp/EOYAmt01907459
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0913718
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025223
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0910430
IRS990/TotalFunctionalExpensesGrp/TotalAmt0935653
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01914678
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01907459
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0910430
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025241
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0938959
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01914678
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01907459
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01914678
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01907459
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0322 Walnut Street
IRS990/USAddress/CityNm0Lawrenceburg
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047025
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Bill Harvey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08125394115
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lawrenceburg Schools Endowment
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation
ReturnHeader/Filer/BusinessNameControlTxt0LAWR
ReturnHeader/Filer/EIN0352103764
ReturnHeader/Filer/PhoneNum08125377200
ReturnHeader/Filer/USAddress/AddressLine1Txt0322 Walnut Street
ReturnHeader/Filer/USAddress/CityNm0Lawrenceburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047025
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Blue & Co LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 Community Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seymour
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047274
ReturnHeader/PreparerPersonGrp/PhoneNum08125228416
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kandy L Wischmeier CPA
ReturnHeader/ReturnTs02016-05-31T15:40:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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.$2.65$0.00$2.65$0.33$0.16$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.29$0.19$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$0.28$0.13$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.29$0.10$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.22$0.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.29$0.12$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.28$0.32$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.25$0.40$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.87$1.06$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.94$0.94$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$1.20$0.90$0.30
2013Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.99$0.85$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$1.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.00$1.45$1.12