Civic Intelligence

District 214 Education Foundation

990 • Fiscal year 2021 • EIN 36-3425698

Jul 01, 2020 to Jun 30, 2021 • Filed on May 05, 2022

2121 S Goebbert RdArlington Hts, IL 60005

(847) 718-7708

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

81st percentile

39%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

34%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,470,163

Up $559,549 (+29%) from 2020

Net Assets

Up

$2,458,146

Up $549,247 (+29%) from 2020

Liabilities

Up

$12,017

Up $10,302 (+601%) from 2020

Revenue

Up

$1,238,882

Up $313,537 (+34%) from 2020

Expenses

Down

$757,591

Down $578,543 (-43%) from 2020

Net Income

Up

$481,291

Up $892,080 (+217%) from 2020

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

2021

Assets$2,470,163
Liabilities$12,017
Net Assets$2,458,146

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

2021

Revenue$1,238,882
Expenses$757,591
Net Income$481,291
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 5, 2022
Return Version
2020v4.0
Gross Receipts
$1,238,882
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 limitations of conventional funding for public education. We believe strong schools build strong communities, but also believe in the power of community relationships and partnerships to ensure that learners within our schools are prepared for college, career, and life success. The foundation works to secure and pair funding and resources with needs, continually evaluating the needs within district 214 schools and the evolving priorities within education. Collectively, foundation trustees serve as ambassadors of our mission, and the board and foundation staff work with schools to bolster relationships and create innovative funding opportunities and shape new programs that ensure college, career and life readiness. An investment in the foundation is an investment in the future of our entire community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,324,861$1,772,714▲ $447,853
Investments in Publicly Traded Securities$553,618$668,965▲ $115,347
Pledges and Grants Receivable$29,731$27,731▼ $2,000
Prepaid Expenses and Deferred Charges$728$753▲ $25
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,908,938$2,470,163▲ $561,225
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$21,716$12,017▼ $9,699
Total Liabilities$21,716$12,017▼ $9,699
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,720,787$2,359,578▲ $638,791
Net Assets Without Donor Restrictions$166,435$98,568▼ $67,867
Total Net Assets Fund Balance$1,887,222$2,458,146▲ $570,924
Total Liabilities and Net Assets / Fund Balance$1,908,938$2,470,163▲ $561,225
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,201,002
Program Service Revenue
$0
Investment Income
$37,880
Other Revenue
$0
All Other Contributions
$1,201,002
Change in Net Assets
$481,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,882
Revenue Not Reported on Form 990
$434,857
Total Revenue per Audited Statements
$1,673,739
Total Revenue per Form 990
$1,238,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$660,171
Other Expenses$63,630
Salaries, Compensation, and Employee Benefits$33,790
Total Fundraising Expense$1,342
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$660,171--$660,171
Other Salaries and Wages-$30,493-$30,493
Payroll Taxes-$3,297-$3,297
Fees for Services Other-$2,065-$2,065
Other Expenses-$58,600$1,606$1,606
Office Expenses-$1,069-$1,069
Insurance-$554-$554
Total Functional Expenses$660,171$96,078$1,342$757,591

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,102,815
Expenses per Audited Statements$757,591
Total Expenses per Form 990$757,591
Expenses Not Reported on Form 990$345,224
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
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: Form 990 Review Process

The board finance committee reviews the form 990 before filing.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The organization compensates the development coordinator and the finance/operations lead. The compensation is based on comparable data approved by the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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
Phone
8477187708
Address
2121 S GOEBBERT RD, ARLINGTON HTS, IL 60005

Signing Officer

Name
Tom Munz
Title
Chair
Signed
2022-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
58

Preparer

Firm
Barnes Givens & Barnes
Address
200 E Evergreen Ave STE 117, Mount Prospect, IL 60056
Preparer
William J Barnes
Phone
2247642442
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other Programs

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The organization neither changed its oversight process nor selection process during the year.

Financial Statement Notes

Part X : FIN48 Footnote

The foundation follows the accounting standards for contingencies in evaluating uncertain tax purposes. The guidance prescibes 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, 2021. The foundation's tax returns are subject to review and examination by federal and state authorities.

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IRS990/ActivityOrMissionDesc0THE DISTRICT 214 EDUCATION FOUNDATION SUPPORTS INNOVATION, STUDENT SUCCESS AND LIFELONG LEARNING BEYOND THE LIMITATIONS OF CONVENTIONAL FUNDING FOR PUBLIC EDUCATION. WE BELIEVE STRONG SCHOOLS BUILD STRONG COMMUNITIES, BUT ALSO BELIEVE IN THE POWER OF COMMUNITY RELATIONSHIPS AND PARTNERSHIPS TO ENSURE THAT LEARNERS WITHIN OUR SCHOOLS ARE PREPARED FOR COLLEGE, CAREER, AND LIFE SUCCESS. THE FOUNDATION WORKS TO SECURE AND PAIR FUNDING AND RESOURCES WITH NEEDS, CONTINUALLY EVALUATING THE NEEDS WITHIN DISTRICT 214 SCHOOLS AND THE EVOLVING PRIORITIES WITHIN EDUCATION. COLLECTIVELY, FOUNDATION TRUSTEES SERVE AS AMBASSADORS OF OUR MISSION, AND THE BOARD AND FOUNDATION STAFF WORK WITH SCHOOLS TO BOLSTER RELATIONSHIPS AND CREATE INNOVATIVE FUNDING OPPORTUNITIES AND SHAPE NEW PROGRAMS THAT ENSURE COLLEGE, CAREER AND LIFE READINESS. AN INVESTMENT IN THE FOUNDATION IS AN INVESTMENT IN THE FUTURE OF OUR ENTIRE COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships:WORKING WITH INDIVIDUAL DONORS AND ORGANIZATIONS, THE DISTRICT 214 EDUCATION FOUNDATION CREATED ADDITIONAL AWARD OPPORTUNITIES FOR STUDENTS' POSTSECONDARY SUCCESS, AWARDING THOUSANDS OF DOLLARS TO STUDENTS IN AREAS INCLUDING GIRLS ENTERING STEM AND LAW CAREERS; THOSE DEMONSTATING COLLEGE, CAREER AND LIFE READINESS; THOSE EXCELLING IN ATHLETICS; THOSE DEMONSTRATING ACHIEVEMENT THROUGHOUT SCHOOL ACADEMICALLY AND THROUGH VOLUNTEERISM AND CO-CURRICULAR INVOLVEMENT, AND MORE. A NEW AWARD FOR STUDENTS PURSUING THE TRADES IN TWO-YEAR COLLEGES WAS ADDED, RESULTING IN CRITICAL, NEARLY FULL-RIDE FUNDING FOR SELECT STUDENTS; AND FOR THE FIRST TIME, NINE STUDENTS IN THE DISTRICTS ADULT EDUCATION AND FAMILY LITERACY PROGRAM WERE AWARDED SCHOLARSHIP FUNDING TO COVER EVERYTHING FROM FIRST-YEAR COMMUNITY COLLEGE COURESWORK TO CITIZENSHIP TESTING AND GED FEES. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS FOR THE PURPOSE OF PRIVATE MUSIC INSTRUCTION AND AP TESTING FEES. THE NUMBER OF AWARDS CONTINUES TO GROW AS RELATIONSHIPS ARE BUILT WITH DONORS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Grants:BY LEVERAGING THE FOUNDATION'S DISTRICT-WIDE 501(c)(3) STATUS, THE FOUNDATION EMPOWERED A WIDE VARIETY OF INNOVATIVE CURRICULUM AND LIFE-CHANGING INITIATIVES ACROSS ALL SIX COMPREHENSIVE HIGH SCHOOLS. SOME OF THESE ADDRESSED IN PARTICULAR FUTURE DISTRICT 214 STUDENTS, WITH A GOAL OF READYING OUR STUDENTS FOR SUCCESS BEFORE THEY ENTER OUR DOORS-WHICH BUILDS THE CAPACITY FOR COLLEGE AND CAREER SUCCESS. Some of the grants helped provide funding and resources for the following efforts: a middle school after-school STEM outreach program at Buffalo Grove High School (providing teacher salary and student program supplies), support to district NGE programs at five high schools for staff time in the delivery of the program to middle school students after school, (Miss Maker Fair) a student-run STEM outreach event to elementary school girls in the District 214 service area, supplies for robotics team robot builds, support for transportation for the Wildstangs First Robotics Team to competitions, native plant restoration for agriculture and environmental science students along Salt Creek and Rolling Meadows High School, and support to district NGE programs at five high schools for staff time in the delivery of the program to middle school students after school. The Foundation also provided funding for support of college and career pathways in health sciences, as part of a regional partnership with NECSS, District 211, District 220, and Harper College.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE DISTRICT 214 EDUCATION FOUNDATION IS AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FROM THE GENERAL PUBLIC, DESCRIBED IN SECTION 170 (B) (1) (A) (VI).OUR FUNDING GOES TO VARIED PROJECTS, INITIATIVES, SCHOOLS AND INDIVIDUALS THROUGHOUT HIGH SCHOOL DISTRICT 214,TOWARD A LARGER FOUNDATION MISSION OF SUPPORTING STUDENT SUCCESS, INNOVATION AND LIFELONG LEARNING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX PURPOSES. THE GUIDANCE PRESCIBES 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, 2021. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Other Programs
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION COMPENSATES THE DEVELOPMENT COORDINATOR AND THE FINANCE/OPERATIONS LEAD. THE COMPENSATION IS BASED ON COMPARABLE DATA APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS NOR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2: Change of Oversight or Selection Process
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