Civic Intelligence

Carmel-Clay Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 35-6066912

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 29, 2019

Organization ProfileWWW1.CCS.K12.IN.US/FOUNDATION/HOME
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

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,013,824

Down $96,482 (-4.6%) from 2017

Net Assets

Down

$2,013,824

Down $96,482 (-4.6%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin65th percentile

Revenue

Down

$262,709

Down $129,463 (-33%) from 2017

Expenses

Down

$237,891

Down $3,754 (-1.6%) from 2017

Net Income

Down

$24,818

Down $125,709 (-84%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

2018

Assets$2,013,824
Liabilities$0
Net Assets$2,013,824
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

2018

Revenue$262,709
Expenses$237,891
Net Income$24,818
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 29, 2019
Return Version
2018v3.1
Gross Receipts
$559,896
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$1,806,832$1,750,351▼ $56,481
Savings and Temporary Cash Investments$298,822$258,992▼ $39,830
Cash and Non-Interest-Bearing Accounts$4,652$4,481▼ $171
Total Assets$2,110,306$2,013,824▼ $96,482
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,251,073$1,245,097▼ $5,976
Unrestricted Net Assets$752,135$697,080▼ $55,055
Temporarily Rstr Net Assets$107,098$71,647▼ $35,451
Total Net Assets Fund Balance$2,110,306$2,013,824▼ $96,482
Total Liabilities and Net Assets / Fund Balance$2,110,306$2,013,824▼ $96,482

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$92,331--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,251,073$104,434▼ $31,208-$1,245,097
2017$1,139,631$25,220▲ $160,882-$1,251,073
2016$1,149,196$4,970▲ $60,821-$1,139,631
2015$1,189,613$34,026▲ $3,707-$1,149,196
2014$1,135,440$53,004▲ $78,764-$1,189,613
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Margaret HolliesPresident
Ann BernardDirector
Anne ArroyoDirector
Courtney TaylorDirector
Jan ViarsDirector
Jenn PenixDirector
Jennifer RobbinsDirector
Kyle HarlemertDirector
Paul MccarthyDirector
Ryan MooneyDirector
Tara AsciotiDirector
Kara KapkePast Preside
Melissa Volz-smithTreasurer
Greg OsborneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$140,642
Program Service Revenue
$0
Investment Income
$68,359
Other Revenue
$53,708
All Other Contributions
$140,642
Change in Net Assets
$24,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$131,931
Salaries, Compensation, and Employee Benefits$59,842
Other Expenses$46,118
Total Fundraising Expense$37,687
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$100,577--$100,577
Other Salaries and Wages$24,940$11,639$18,844$55,423
Grants to Domestic Orgs$31,354--$31,354
Fees for Service Investment Mgmnt Fees$10,362$4,836$7,829$23,027
Fees for Services Other--$5,838$5,838
Office Expenses$2,448$1,142$1,849$5,439
Fees for Services Accounting-$4,744-$4,744
Payroll Taxes$1,988$928$1,503$4,419
Insurance-$1,708-$1,708
All Other Expenses$416$194$314$924
Other Expenses$405$189$306$900
Total Functional Expenses$174,081$26,123$37,687$237,891
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grants - Domestic Organizations--Educational Grants$31,354
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,884
Fundraising Direct Expenses$18,176
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ghost and Gobli$52,012$52,012$18,176$33,836
Telethon$19,872$19,872-$19,872
Total Events$71,884$71,884$18,176$53,708
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 review 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 meeting 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 committee 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 date (such as collected nu 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
Melissa Volz-smith
Title
Treasurer
Phone
3178849961
Signed
2019-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Volz-smith
Formed
1966
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
374

Preparer

Firm
Precision Accounting LLC
Address
PO BOX 40216, INDIANAPOLIS, IN 46240-0216
Preparer
Brad a Mcgaha
Phone
3179877413
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.”

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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/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0COMMUNITY INVOLVEMENT
IRS990/OtherExpensesGrp/Desc1PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2BANK, CREDIT CARD, PAYPAL
IRS990/OtherExpensesGrp/Desc3BOARD EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0492
IRS990/OtherExpensesGrp/FundraisingAmt1399
IRS990/OtherExpensesGrp/FundraisingAmt2313
IRS990/OtherExpensesGrp/FundraisingAmt3306
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1246
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2193
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3189
IRS990/OtherExpensesGrp/ProgramServicesAmt0649
IRS990/OtherExpensesGrp/ProgramServicesAmt1526
IRS990/OtherExpensesGrp/ProgramServicesAmt2416
IRS990/OtherExpensesGrp/ProgramServicesAmt3405
IRS990/OtherExpensesGrp/TotalAmt01445
IRS990/OtherExpensesGrp/TotalAmt11171
IRS990/OtherExpensesGrp/TotalAmt2922
IRS990/OtherExpensesGrp/TotalAmt3900
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018844
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011639
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024940
IRS990/OtherSalariesAndWagesGrp/TotalAmt055423
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01503
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0928
IRS990/PayrollTaxesGrp/ProgramServicesAmt01988
IRS990/PayrollTaxesGrp/TotalAmt04419
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01251073
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01245097
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MELISSA VOLZ-SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION AWARDS EDUCATIONAL GRANTS TO FURTHER THE DEVELOPMENT OF EXCELLENCE IN INSTRUCTION AND STUDENT ACHIEVEMENT. DURING THE YEAR, THE ORGANIZATION AWARDED GRANTS TOTALING 43,940.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt037993
IRS990/ProgSrvcAccomActy2Grp/GrantAmt031354
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0104529
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0138400
IRS990/PYInvestmentIncomeAmt0234029
IRS990/PYOtherExpensesAmt045698
IRS990/PYOtherRevenueAmt053614
IRS990/PYRevenuesLessExpensesAmt0150527
IRS990/PYSalariesCompEmpBnftPaidAmt057547
IRS990/PYTotalExpensesAmt0241645
IRS990/PYTotalRevenueAmt0392172
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt024818
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0298822
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0258992
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 219,258
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PART 11, SECTION B, LINE 10: INCOME RECEIVED FROM FUNDRAISING EVENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0140642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0121585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0154819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0109389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0630964
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029599
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0145435
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt086968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-39503
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062316
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0284815
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt071884
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt075201
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt072173
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0219258
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52890
IRS990ScheduleA/PublicSupportPY170Pct00.55810
IRS990ScheduleA/PublicSupportTotal170Amt0600287
IRS990ScheduleA/SubstantialContributorsTotAmt030677
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0140642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0121585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0154819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0109389
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0630964
IRS990ScheduleA/TotalSupportAmt01135037
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt018236
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01251073
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0104434
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01245097
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt060966
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-31208
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018550
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01139631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025220
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01251073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt056110
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0160882
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt018506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01149196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01139631
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt056850
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060821
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt019900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01189613
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt034026
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01149196
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt058250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03707
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt020973
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01135440
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt053004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01189613
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt056622
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt078764
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01245097
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1412923
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt292331
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LEGACY FUND - CICF
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ENDOWED GRANT ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ENDOWED OPERATING ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueSecuritiesAmt01750351
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018176
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GHOST AND GOBLI
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TELETHON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt052012
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt052012
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071884
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt053708
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018176
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018176
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0100577
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt098
IRS990ScheduleI/RecipientTable/CashGrantAmt031354
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRANTS - DOMESTIC ORGANIZATIONS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUNDS: THE ORGANIZATION GRANTS ACADEMIC SCHOLARSHIPS TO DESERVING STUDENTS. FUNDS ARE PAID DIRECTLY TO THE STUDENTS' POST SECONDARY INSTITUTIONS, NOT TO THE STUDENTS THEMSELVES. THIS ENSURES THE FUNDS ARE USED APPROPRIATELY TO ASSIST WITH THE STUDENTS' EDUCATIONAL EXPENSES. GRANT FUNDS: THE ORGANIZATION GRANTS FUNDS TO DEPARTMENTS AND PROJECTS AT VARIOUS SCHOOLS WITHIN THE DISTRICT. IT APPROVES AND PROMULGATES GRANT GUIDELINES, PROMOTES THE PROGRAM ON ITS WEBSITE, HOLDS GRANT-WRITING WORKSHOPS, REVIEWS APPLICATIONS AND EVALUATES REQUESTS BASED ON ESTABLISHED CRITERIA. THE GRANTS COMMITTEE RECOMMENTS GRANTS FOR BOARD APPROVAL. RECIPIENTS RECEIVE A LETTER OF AGREEMENT INCLUDING INSTRUCTIONS FOR DOCUMENTING THE PROJECT, COMPLETING A FINAL EVAULATION FORM, AND PROVIDING CREDIT TO THE ORGANIZATION. THE ORGABIZATION PAYS GRANT FUNDS DIRECTLY TO THE SCHOOL DISTRICT, SUBMITTING NECESSARY DOCUMENTATION TO RECEIVE FUNDS. THE DISTRICT COMPARES THE REIMBURSEMENT REQUEST TO THE GRANT BUDGET PRIOR TO APPROVING REIMBURSEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE RETURN.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,013,824
Liabilities
$0
Net assets
$2,013,824
Revenue
$262,709
Expenses
$237,891
Net income
$24,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.54$0.01$2.53$0.38$0.53$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.37$0.38$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.03$2.23$0.16$0.27$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.03$2.35$0.31$0.36$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.38$0.04$2.34$0.28$0.26$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.30$0.23$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$0.26$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.39$0.24$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.28$0.24$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.21$0.24$0.03