Civic Intelligence

District 214 Education Foundation

990 • Fiscal year 2016 • EIN 36-3425698

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 20, 2017

2121 S Goebbert RdArlington Heights, IL 60005

(847) 718-7708

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.03x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

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

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

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

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$546,662

No earlier filing loaded for comparison.

Net Assets

$536,479

No earlier filing loaded for comparison.

Liabilities

$10,183

No earlier filing loaded for comparison.

Revenue

$353,232

No earlier filing loaded for comparison.

Expenses

$355,366

No earlier filing loaded for comparison.

Net Income

-$2,134

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $546,662Liabilities 2016: $10,183Net Assets 2016: $536,4792016Assets 2017: $1,325,669Liabilities 2017: $25,395Net Assets 2017: $1,300,2742017Assets 2020: $1,910,614Liabilities 2020: $1,715Net Assets 2020: $1,908,8992020Assets 2021: $2,470,163Liabilities 2021: $12,017Net Assets 2021: $2,458,1462021Assets 2022: $2,450,495Liabilities 2022: $3,508Net Assets 2022: $2,446,9872022Assets 2023: $2,547,288Liabilities 2023: $2,724Net Assets 2023: $2,544,5642023Assets 2024: $3,513,765Liabilities 2024: $340Net Assets 2024: $3,513,4252024

Highlighted filing

2016

Assets$546,662
Liabilities$10,183
Net Assets$536,479

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $353,232Expenses 2016: $355,366Net Income 2016: -$2,1342016Revenue 2017: $1,053,666Expenses 2017: $301,917Net Income 2017: $751,7492017Revenue 2020: $925,345Expenses 2020: $1,336,134Net Income 2020: -$410,7892020Revenue 2021: $1,238,882Expenses 2021: $757,591Net Income 2021: $481,2912021Revenue 2022: $1,216,687Expenses 2022: $1,110,038Net Income 2022: $106,6492022Revenue 2023: $943,105Expenses 2023: $862,879Net Income 2023: $80,2262023Revenue 2024: $1,864,521Expenses 2024: $949,773Net Income 2024: $914,7482024

Highlighted filing

2016

Revenue$353,232
Expenses$355,366
Net Income-$2,134
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$380,038
Mission and Program Overview

Mission

The District 214 Education Foundation supports students and families through school and throughout life by strengthening education, fostering well-being, and expanding opportunities.

THE DISTRICT 214 EDUCATION FOUNDATION SUPPORTS INNOVATION, STUDENT SUCCESS AND LIFELONG LEARNING BEYOND THE NORMAL OPERATING BUDGET. (See Sch O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$425,332$441,781▲ $16,449
Cash and Non-Interest-Bearing Accounts$72,507$99,631▲ $27,124
Savings and Temporary Cash Investments$75,554$0▼ $75,554
Prepaid Expenses and Deferred Charges$5,299$5,250▼ $49
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$578,692$546,662▼ $32,030
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,119$10,183▲ $2,064
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,119$10,183▲ $2,064
Net Assets / Fund Balance
Temporarily Rstr Net Assets$521,551$524,485▲ $2,934
Unrestricted Net Assets$49,022$11,994▼ $37,028
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$570,573$536,479▼ $34,094
Total Liabilities and Net Assets / Fund Balance$578,692$546,662▼ $32,030
Compensation and Service Providers

Board Members and Trustees

NameTitle
Glenn ScogginsChair
Carl AnfensonVice-Chair
David SchulerEx-Officio Trustee
Erin BrooksEx-Officio Trustee
Mimi CooperEx-Officio Trustee
Patrick MoggeEx-Officio Trustee
Arnie MuellerTrustee
Carol DurrantTrustee
Cliff HigleyTrustee
Deborah A NelsonTrustee
Jim GaletanoTrustee
John O'ConnorTrustee
Manuel CuevasTrustee
Maureen Jennings McKennaTrustee
Michael JacobsonTrustee
Susan PreissingTrustee
Tim PasternakTrustee
Tom MunzTrustee
Dan WeidnerAdvisory Liaison
Robin ChessickSecretary
John EileringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$319,106
Program Service Revenue
$0
Investment Income
$21,775
Other Revenue
$12,351
All Other Contributions
$289,363
Change in Net Assets
$-2,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$353,232
Revenue Not Reported on Form 990
$-5,154
Total Revenue per Audited Statements
$348,078
Total Revenue per Form 990
$353,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$322,577
Salaries, Compensation, and Employee Benefits$24,804
Other Expenses$7,985
Total Fundraising Expense$1,233
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$322,577--$322,577
Other Salaries and Wages-$23,215-$23,215
Other Expenses-$2,711-$2,711
Office Expenses-$1,396$1,233$2,629
Payroll Taxes-$1,589-$1,589
Insurance-$295-$295
Total Functional Expenses$322,577$31,556$1,233$355,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,172
Total Expenses per Audited Statements$382,172
Total Expenses per Form 990$355,366
Expenses Not Reported on Financial Statements$-26,806
Other Expense Adjustments$-26,806
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Township High School District 214Mount Prospect, IL501c3Education$123,087
High School District 214 Community EducationArlington Heights, IL501c3Education$94,195
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,157
Fundraising Direct Expenses$26,806
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Open$55,630$25,887$1,499$24,388
Online Auction$13,270$13,270$2,249$11,021
Total Events$68,900$39,157$26,806$12,351
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Organization's process to review Form 990 the board reviews the Form 990 before filing.

Form 990, Part VI, Line 15B

Compensation process for officers organization only compensates administrative assistant. Administrative assistant's compensation is based on comparable data and approved by board.

Form 990, Part VI, Line 19

Governing documents disclosure explanation governing documents are available to the public at the organization's offices.

Filing and Contact Details

Filer

Filer Name
District 214 Education Foundation
EIN
36-3425698
In Care Of
% DAWN CURRAN
Phone
8477187708
Address
2121 S Goebbert Rd, Arlington Heights, IL 60005

Signing Officer

Name
Erin Brooks
Title
Executive Director
Phone
8477187708
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Brooks
Formed
1988
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
58

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
205 N Michigan Ave 28th Floor, Chicago, IL 60601-5927
Preparer
Mark Heroux
Phone
3127298000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The Foundation in spring 2016 launched a college visit bus trip for first-generation students and their parents to empower them for postsecondary success, and in January 2016 launched the Alumni Advisory Council, which serves as a catalyst to foster lifelong connections between alumni and the District and create and facilitate meaningful opportunities for alumni to engage with and support District 214 through their time, talent and resources, via the Foundation.

Form 990, Part III, Line 2

The expansion to a District-wide Foundation opened the doors to tens of thousands of dollars in new grants that supported curriculum. Specifically, we were able to support new entrepreneurial space and programming in three high schools and the infusion of coding across the mathematics program. Additionally this year, we added a college bus trip for first-generation students and their parents; launched a new scholarship for students demonstrating college and career readiness; provided funding for standout entrepreneurial students; and funded Advanced Placement testing fees for students who could not afford the cost, all in line with the District's expanded mission.

Form 990, Part III, Line 4D

Other Program Services - In the last fiscal year, the Foundation has developed and funded a new college visit trip for first-generation students and their parents, empowering future success; funded Advanced Placement tests for students who couldn't afford the cost, translating to hundreds of early college credits; awarded five "Redefining Ready!" scholarships via an innovative Twitter-based contest asking students to explain how they are college and career ready; and also serveda as strategic counsel to other District fundraising groups (i.e. boosters, parent groups) looking to raise money for projects including band trips to Washington, D.C. and New York City -- resulting in the Foundation collecting the money through targeted asks and disbursing it to groups as appropriate.

Financial Statement Notes

Schedule D, Part V, Endowment funds:

Following a 2016 review of our investments, it was determined that the fund previously referred to as the Prospect High School "Endowment" is not an endowment, but rather simply funds invested for the purpose of supporting the fine and performing arts at Prospect High School. These are temporarily restricted funds invested with Fidelity, with requests for funding coming through the school and/or a small committee of former Prospect parents who were part of the original financial contribution. The requests are reviewed by the Finance Committee of the Education Foundation and, if approved, the former parents connected with the investment contact Fidelity directly to discuss the sale of shares. The Executive Director then approves the sale in accordance with the Fidelity recommendation, and the funds are processed through the Education Foundation and paid to Prospect. The Foundation also maintains a checking account for the purpose of initially depositing donations to the Prospect High School arts fund that come in annually.

Schedule D, Part X, Line 2:

The Foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Foundation for uncertain tax positions as of June 30, 2016. The Foundations tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as any returns filed for fiscal years 2013 and thereafter are open to examination by federal and state authorities.

Schedule D, Part XII, Line 4B:

In-Kind Contribution: $26,806

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IRS990/ProgSrvcAccomActy2Grp/Desc0ENTREPRENURIAL SPACES AND PROGRAMMING - Through a generous grant from the Coleman Foundation, we were able to build out and enhace entrepreneurial program space at three of our high schools and enhance entrepreneurial programming. We now offer entrepreneurial clases, co-taught by professionals and alumni within the community, at all six of our high schools, culminating in a year-end "Startup Showcase" pitch event in front of judges, with $2,500 in scholarship money awarded by the Foundation.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CODING THROUGHOUT MATHEMATICS CURRICULUM - Through a generous contribution from the Bosch Family Foundation, our educators were able to build and launch a program that infuses integral coding instruction throughout our District mathematics curriculum. This prepares students for a future we can't even yet imagine.
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