Civic Intelligence

Evanston-Skokie District 65 Education Foundation

990 • Fiscal year 2020 • EIN 36-4003165

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 18, 2020

PO Box 750Evanston, IL 60204

(847) 637-7193

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$428,198

No earlier filing loaded for comparison.

Net Assets

$428,198

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$421,635

No earlier filing loaded for comparison.

Expenses

$333,880

No earlier filing loaded for comparison.

Net Income

$87,755

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.

$800K$600K$400K$200K$0Assets 2020: $428,198Liabilities 2020: $0Net Assets 2020: $428,1982020Assets 2021: $692,908Liabilities 2021: $0Net Assets 2021: $692,9082021Assets 2022: $661,860Liabilities 2022: $0Net Assets 2022: $661,8602022Assets 2023: $631,107Liabilities 2023: $2,343Net Assets 2023: $628,7642023Assets 2024: $553,706Liabilities 2024: $143Net Assets 2024: $553,5632024Assets 2025: $502,930Liabilities 2025: $115Net Assets 2025: $502,8152025

Highlighted filing

2020

Assets$428,198
Liabilities$0
Net Assets$428,198

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $421,635Expenses 2020: $333,880Net Income 2020: $87,7552020Revenue 2021: $571,492Expenses 2021: $306,782Net Income 2021: $264,7102021Revenue 2022: $291,297Expenses 2022: $322,345Net Income 2022: -$31,0482022Revenue 2023: $249,713Expenses 2023: $282,809Net Income 2023: -$33,0962023Revenue 2024: $267,731Expenses 2024: $342,932Net Income 2024: -$75,2012024Revenue 2025: $285,517Expenses 2025: $336,265Net Income 2025: -$50,7482025

Highlighted filing

2020

Revenue$421,635
Expenses$333,880
Net Income$87,755
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 18, 2020
Return Version
2019v5.1
Gross Receipts
$457,726
Mission and Program Overview

Mission

Foundation 65 actively promotes involvement in public education by all segments of our community and raises funds to improve the quality of evanston schools, the achievement of high standards, and the education experience for all students.

To fund innovative programs and projects that benefit the students of evanston/skokie district 65.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$295,234$342,544▲ $47,310
Savings and Temporary Cash Investments$86,164$84,843▼ $1,321
Land, Buildings, and Equipment, Net$100$811▲ $711
Total Assets$381,498$428,198▲ $46,700
Liabilities
Other Liabilities$41,055$0▼ $41,055
Total Liabilities$41,055$0▼ $41,055
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,393$320,242▲ $109,849
Net Assets With Donor Restrictions$130,050$107,956▼ $22,094
Total Net Assets Fund Balance$340,443$428,198▲ $87,755
Total Liabilities and Net Assets / Fund Balance$381,498$428,198▲ $46,700

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$4,620$4,620
Equipment$811$1,203$2,014
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith RobinsonPresident
Aimee KingDirector
Alicia SalinasDirector
Andrea FordDirector
Beth McdonaldDirector
Courtney ViamilleDirector
Craig LikhiteDirector
Erin RamsDirector
Franz CalixteDirector
Julie CutterDirector
Kalen DanielsDirector
Katie GilliesDirector
Kim LaudeDirector
Larry BrownDirector
Mita Sanghavi GoelDirector
Sarah DarntonDirector
Saralyn SacksDirector
Sheau-ming RossDirector
Steve ZehrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$373,070
Program Service Revenue
$0
Investment Income
$884
Other Revenue
$47,681
All Other Contributions
$301,011
Change in Net Assets
$87,755

Audited Revenue Reconciliation

Revenue per Audited Statements
$421,635
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$38,091
Total Revenue per Audited Statements
$459,726
Total Revenue per Form 990
$421,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,399
Salaries, Compensation, and Employee Benefits$102,481
Total Fundraising Expense$44,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,220$19,688$39,376$95,284
All Other Expenses$26,570$9,590$2,111$38,271
Other Expenses$27,179--$27,179
Occupancy-$10,380-$10,380
Payroll Taxes$2,734$1,488$2,975$7,197
Fees for Services Other$639$6,289-$6,928
Fees for Services Accounting-$5,442-$5,442
Office Expenses-$3,513-$3,513
Insurance-$3,064-$3,064
Advertising-$1,589-$1,589
Depreciation Depletion$303--$303
Total Functional Expenses$228,375$61,043$44,462$333,880

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$371,971
Expenses per Audited Statements$333,880
Total Expenses per Form 990$333,880
Expenses Not Reported on Form 990$38,091
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$83,137
Fundraising Direct Expenses$36,091
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Event$155,196$83,137$22,857$60,280
Total Events$155,196$83,137$36,091$47,046
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
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
Yes
Other officer compensation reviewed
Yes
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 11B

The finance committee of the board of directors review in detail the form 990 prior to filing. All directors have access to review the form 990.

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

The board of directors annually are required to complete a conflict of interest statement which is monitored for compliance by the executive director or the board president.

Form 990, Part VI, Section B, Line 15

The officers of the board of directors annually determines compensation of the executive director based on performance input from the board.

Form 990, Part VI, Section C, Line 18

Form 990 is available for inspection upon request at the foundation's office.

Form 990, Part VI, Section C, Line 19

Foundation 65 makes its governing documents, conflict of interest and financial statements available to the public through request at the foundation office.

Filing and Contact Details

Filer

Filer Name
Evanstonskokie Dist 65
EIN
36-4003165
Phone
8476377193
Address
PO BOX 750, EVANSTON, IL 60204

Signing Officer

Name
Julie Cutter
Title
President
Phone
8476377193
Signed
2020-11-18

Organization Details

Principal Officer
Julie Cutter
Formed
1994
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
2
Volunteers
40

Preparer

Firm
Cheryl Rohlfs & Associates Ltd
Address
401 HUEHL ROAD SUITE 1E, NORTHBROOK, IL 60062
Preparer
Cheryl K Rohlfs CPA
Phone
8477539200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Family author experience: program service expenses 10,186. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,186. Kindergarten leap and tours program: program service expenses 8,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,898. Shark tank program: program service expenses 7,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,000. Bank and credit card charges: program service expenses 0. Management and general expenses 4,782. Fundraising expenses 0. Total expenses 4,782. Computer expenses: program service expenses 0. Management and general expenses 2,612. Fundraising expenses 0. Total expenses 2,612. Printing and reproduction: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,111. Total expenses 2,111. Board development and recognition: program service expenses 0. Management and general expenses 1,210. Fundraising expenses 0. Total expenses 1,210. Telephone: program service expenses 0. Management and general expenses 705. Fundraising expenses 0. Total expenses 705. Web services and website hosting: program service expenses 433. Management and general expenses 0. Fundraising expenses 0. Total expenses 433. Miscellaneous: program service expenses 30. Management and general expenses 281. Fundraising expenses 0. Total expenses 311. Postage: program service expenses 23. Management and general expenses 0. Fundraising expenses 0. Total expenses 23.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 36,091.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 36,091.

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IRS990/MissionDesc0FOUNDATION 65 ACTIVELY PROMOTES INVOLVEMENT IN PUBLIC EDUCATION BY ALL SEGMENTS OF OUR COMMUNITY AND RAISES FUNDS TO IMPROVE THE QUALITY OF EVANSTON SCHOOLS, THE ACHIEVEMENT OF HIGH STANDARDS, AND THE EDUCATION EXPERIENCE FOR ALL STUDENTS.
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IRS990/OccupancyGrp/TotalAmt010380
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IRS990/OfficeExpensesGrp/TotalAmt03513
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IRS990/OtherExpensesGrp/Desc3RESPONSIVE GRANTS
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IRS990/OtherExpensesGrp/ProgramServicesAmt141031
IRS990/OtherExpensesGrp/ProgramServicesAmt233699
IRS990/OtherExpensesGrp/ProgramServicesAmt327179
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IRS990/OtherExpensesGrp/TotalAmt141031
IRS990/OtherExpensesGrp/TotalAmt233699
IRS990/OtherExpensesGrp/TotalAmt327179
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IRS990/PrincipalOfficerNm0JULIE CUTTER
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IRS990/ProgSrvcAccomActy3Grp/Desc0SUMMER READING PROGRAM: THIS PROGRAM SUPPORTS SUMMER READING GROWTH BY PROVIDING BOOKS TO FIRST GRADE STUDENTS WHO HAVE RECEIVED SUPPLEMENTARY READING SUPPORT IN FIRST GRADE. FROM JUNE THROUGH AUGUST, TEACHERS CORRESPOND WITH STUDENTS AND SEND THEM BOOKS IN THE MAIL. RESEARCH HAS SHOWN THAT ECONOMICALLY DISADVANTAGED AND/OR STRUGGLING READERS, ENGAGE IN VERY LITTLE READING DURING THEIR SUMMER VACATION. THIS LACK OF READING, RESULTS IN CONSIDERABLE SUMMER READING LOSS. STUDENTS OFTEN LOSE FROM ONE TO THREE MONTHS OF READING ACHIEVEMENT. BY KEEPING THESE STRUGGLING READERS ENGAGED IN READING, THEY WOULD BE ABLE TO MAINTAIN THE READING GROWTH THEY HAD ATTAINED DURING THE SCHOOL YEAR.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 36,091.

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