Civic Intelligence

Carmel-Clay Educational Foundation Inc.

990 • Fiscal year 2015 • EIN 35-6066912

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

515 E Main Street 124Carmel, IN 46032

(317) 844-9961

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

16th percentile

-17%

Higher net margin than 16% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$1,919,951

No earlier filing loaded for comparison.

Net Assets

$1,919,951

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$209,633

No earlier filing loaded for comparison.

Expenses

$244,403

No earlier filing loaded for comparison.

Net Income

-$34,770

No earlier filing loaded for comparison.

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 2015: $1,919,951Liabilities 2015: $0Net Assets 2015: $1,919,9512015Assets 2016: $1,959,779Liabilities 2016: $0Net Assets 2016: $1,959,7792016Assets 2017: $2,110,306Liabilities 2017: $0Net Assets 2017: $2,110,3062017Assets 2018: $2,013,824Liabilities 2018: $0Net Assets 2018: $2,013,8242018Assets 2019: $2,240,283Liabilities 2019: $0Net Assets 2019: $2,240,2832019Assets 2020: $2,377,064Liabilities 2020: $38,172Net Assets 2020: $2,338,8922020Assets 2021: $2,374,932Liabilities 2021: $26,627Net Assets 2021: $2,348,3052021Assets 2022: $2,261,920Liabilities 2022: $27,152Net Assets 2022: $2,234,7682022Assets 2023: $2,242,333Liabilities 2023: $9,786Net Assets 2023: $2,232,5472023Assets 2024: $2,536,849Liabilities 2024: $8,884Net Assets 2024: $2,527,9652024

Highlighted filing

2015

Assets$1,919,951
Liabilities$0
Net Assets$1,919,951

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $209,633Expenses 2015: $244,403Net Income 2015: -$34,7702015Revenue 2016: $276,854Expenses 2016: $237,026Net Income 2016: $39,8282016Revenue 2017: $392,172Expenses 2017: $241,645Net Income 2017: $150,5272017Revenue 2018: $262,709Expenses 2018: $237,891Net Income 2018: $24,8182018Revenue 2019: $298,632Expenses 2019: $227,757Net Income 2019: $70,8752019Revenue 2020: $275,234Expenses 2020: $260,792Net Income 2020: $14,4422020Revenue 2021: $307,366Expenses 2021: $355,221Net Income 2021: -$47,8552021Revenue 2022: $156,752Expenses 2022: $270,343Net Income 2022: -$113,5912022Revenue 2023: $367,192Expenses 2023: $382,233Net Income 2023: -$15,0412023Revenue 2024: $382,812Expenses 2024: $527,756Net Income 2024: -$144,9442024

Highlighted filing

2015

Revenue$209,633
Expenses$244,403
Net Income-$34,770
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$229,084
Mission and Program Overview

Mission

The organization's primary exempt purpose is to promote, sponsor, and carry out educational, scientific, cultural, and charitable purposes through scholarships and grants to students and teachers in the carmel-clay community.

To provide scholarships and grants to students and teachers in the carmel- clay community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,685,035$1,622,696▼ $62,339
Savings and Temporary Cash Investments$265,838$290,068▲ $24,230
Cash and Non-Interest-Bearing Accounts$3,847$7,187▲ $3,340
Total Assets$1,954,720$1,919,951▼ $34,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,189,613$1,149,196▼ $40,417
Unrestricted Net Assets$686,825$704,675▲ $17,850
Temporarily Rstr Net Assets$78,282$66,080▼ $12,202
Total Net Assets Fund Balance$1,954,720$1,919,951▼ $34,769
Total Liabilities and Net Assets / Fund Balance$1,954,720$1,919,951▼ $34,769

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$222,711--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,189,613$34,026▲ $3,707-$1,149,196
2014$1,135,440$53,004▲ $78,764-$1,189,613
2013$972,422$86,192▲ $140,748-$1,135,440
2012$891,594$34,026▲ $104,745-$972,422
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dana GreenPresident
Ann ArmstrongDirector
Cory RheaDirector
Doug DingDirector
Greg OsborneDirector
Jason KingDirector
Joe PhilleoDirector
Kara KapkeDirector
Kyle HarlemertDirector
Laura DonahueDirector
Leslie SmithDirector
Pat PickettDirector
Paul MccarthyDirector
Rachel FerryDirector
Scott MorrissonDirector
Sheri GladdenDirector
Janet CorbinPast Preside
Courtney TaylorSecretary
Margaret HolliesTreasurer
Jennifer RobbinsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$154,819
Program Service Revenue
$0
Investment Income
$-2,246
Other Revenue
$57,060
All Other Contributions
$154,819
Change in Net Assets
$-34,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$149,316
Salaries, Compensation, and Employee Benefits$51,912
Other Expenses$43,175
Total Fundraising Expense$31,451
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$125,805--$125,805
Other Salaries and Wages$21,368$9,972$16,145$47,485
Fees for Service Investment Mgmnt Fees$11,148$5,202$8,422$24,772
Grants to Domestic Orgs$23,511--$23,511
Fees for Services Accounting-$5,209-$5,209
Payroll Taxes$1,992$930$1,505$4,427
All Other Expenses$1,608$751$1,215$3,574
Other Expenses$773$361$1,620$1,620
Insurance-$1,333-$1,333
Office Expenses$329$154$249$732
Advertising--$392$392
Interest--$28$28
Total Functional Expenses$188,243$24,709$31,451$244,403
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grants - Domestic Organizations--Educational Grant$23,511
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,511
Fundraising Direct Expenses$19,451
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ghost and Gobli$52,385$52,385$19,451$32,934
Telethon$24,126$24,126-$24,126
Total Events$76,511$76,511$19,451$57,060
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews the form 990 at a board meeting prior to filing the return.

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

Each board member and staff person must sign an annual statement which discloses any actual or potential conflicts. Minutes of all meetings will record all recusal from discussion and voting due to conflicts of interest. The governance committee is charged with the responsibility to ensure that the organization operates in a manner consistent with its tax-exempt status. The governance commmittee reviews the conflict of interest policy to ensure that its direction and record-keeping requirements are being met.

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

The executive compensation and review policy currently in place requires a review of comparable compensation data (such as collected by the indiana assoc. Of public education foundations) and/or the 990s of other organizations. Compensation decisions are also guided by such considerations as the desire to retain staff, review of staff achievement of specific goals and objectives, financial position of the organization, etc.

Form 990, Page 6, Part VI, Line 19

All required documents are available for public inspection at all board meetings and upon request.

Filing and Contact Details

Filer

Filer Name
Carmel Clay Educational Foundation
EIN
35-6066912
Phone
3178449961
Address
515 E MAIN STREET 124, CARMEL, IN 46032
Doing Business As
Carmel Education Foundation

Signing Officer

Name
Margaret Hollies
Title
Treasurer
Phone
3178449961
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Hollies
Formed
1966
Legal Domicile
In
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
265

Preparer

Firm
Alerding CPA Group
Address
4181 E 96TH ST STE 180, INDIANAPOLIS, IN 46240
Preparer
Robert K Brinkers CPA
Phone
3175694181
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's primary exempt purpose is to promote, sponsor, and carry out educational, scientific, cultural, and charitable purposes through scholarships and grants to students and teachers in the carmel-clay community.

Form 990, Part XI, Line 9

ROUNDING 1 TOTAL 1

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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