Civic Intelligence

Decatur Public Schools Foundation

990 • Fiscal year 2018 • EIN 36-4161308

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 14, 2019

101 West Cerro GordoDecatur, IL 62523

(217) 362-3042

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

58th percentile

$78,786

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

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

Asset Growth

97th percentile

164%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

96th percentile

184%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$2,515,268

Up $1,561,790 (+164%) from 2017

Net Assets

Up

$2,459,802

Up $1,537,143 (+167%) from 2017

Liabilities

Up

$55,466

Up $24,647 (+80%) from 2017

Revenue

Up

$2,190,256

Up $1,418,220 (+184%) from 2017

Expenses

Up

$694,645

Up $229,186 (+49%) from 2017

Net Income

Up

$1,495,611

Up $1,189,034 (+388%) from 2017

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: $553,042Liabilities 2016: $0Net Assets 2016: $553,0422016Assets 2017: $953,478Liabilities 2017: $30,819Net Assets 2017: $922,6592017Assets 2018: $2,515,268Liabilities 2018: $55,466Net Assets 2018: $2,459,8022018Assets 2019: $2,214,952Liabilities 2019: $84,765Net Assets 2019: $2,130,1872019Assets 2020: $3,995,626Liabilities 2020: $109,867Net Assets 2020: $3,885,7592020Assets 2021: $3,983,559Liabilities 2021: $152,931Net Assets 2021: $3,830,6282021Assets 2022: $3,425,163Liabilities 2022: $106,344Net Assets 2022: $3,318,8192022Assets 2023: $2,918,956Liabilities 2023: $103,887Net Assets 2023: $2,815,0692023Assets 2024: $2,566,404Liabilities 2024: $96,426Net Assets 2024: $2,469,9782024Assets 2025: $2,508,535Liabilities 2025: $72,792Net Assets 2025: $2,435,7432025

Highlighted filing

2018

Assets$2,515,268
Liabilities$55,466
Net Assets$2,459,802

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $355,277Expenses 2016: $396,826Net Income 2016: -$41,5492016Revenue 2017: $772,036Expenses 2017: $465,459Net Income 2017: $306,5772017Revenue 2018: $2,190,256Expenses 2018: $694,645Net Income 2018: $1,495,6112018Revenue 2019: $760,695Expenses 2019: $1,097,066Net Income 2019: -$336,3712019Revenue 2020: $2,825,030Expenses 2020: $1,061,511Net Income 2020: $1,763,5192020Revenue 2021: $844,473Expenses 2021: $1,064,784Net Income 2021: -$220,3112021Revenue 2022: $720,540Expenses 2022: $1,074,709Net Income 2022: -$354,1692022Revenue 2023: $975,576Expenses 2023: $1,269,099Net Income 2023: -$293,5232023Revenue 2024: $880,142Expenses 2024: $1,291,476Net Income 2024: -$411,3342024Revenue 2025: $898,792Expenses 2025: $965,294Net Income 2025: -$66,5022025

Highlighted filing

2018

Revenue$2,190,256
Expenses$694,645
Net Income$1,495,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,198,941
Mission and Program Overview

Mission

Promote public education by assisting the decatur public schools in providing quality programs through making funds available for approved grants.

To acquire and distribute resources to decatur public schools to enhance, enrich, and encourage learning opportunities for its students, staff, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$281,159$1,790,419▲ $1,509,260
Investments in Publicly Traded Securities$589,778$661,558▲ $71,780
Pledges and Grants Receivable$65,489$46,219▼ $19,270
Savings and Temporary Cash Investments$15,576$15,596▲ $20
Prepaid Expenses and Deferred Charges$1,476$1,476→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$953,478$2,515,268▲ $1,561,790
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$30,819$55,466▲ $24,647
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$30,819$55,466▲ $24,647
Net Assets / Fund Balance
Temporarily Rstr Net Assets$217,737$1,704,198▲ $1,486,461
Unrestricted Net Assets$704,922$755,604▲ $50,682
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$922,659$2,459,802▲ $1,537,143
Total Liabilities and Net Assets / Fund Balance$953,478$2,515,268▲ $1,561,790

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$286,470-▲ $35,118-$321,588
2016$241,041-▲ $45,429-$286,470
2015$175,023-▲ $14,297-$189,320
2014$157,734-▲ $17,289-$175,023
2013$148,301-▲ $9,433-$157,734
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Zach ShieldsExecutive DirectorFT$78,786$78,786

Board Members and Trustees

NameTitle
Regan DeeringChair
Mike AllenVice Chair
Amy RidleyTrustee
Dan OakesTrustee
Evyonne HawkinsTrustee
Kim HurmTrustee
Myung KimTrustee
Nikki GarryTrustee
Paul FregeauTrustee
Regan LewisTrustee
Sue Pilling-walkerTrustee
Todd WerpyTrustee
Tom LittleTrustee
Kathleen ThompsonSecretary
John WeberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,155,519
Program Service Revenue
$0
Investment Income
$30,872
Other Revenue
$3,865
All Other Contributions
$2,155,519
Change in Net Assets
$1,495,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,190,256
Revenue Not Reported on Form 990
$50,217
Total Revenue per Audited Statements
$2,240,473
Total Revenue per Form 990
$2,190,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$548,380
Other Expenses$146,265
Total Fundraising Expense$8,867
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$548,380--$548,380
Other Expenses-$121,552$-8,685$0
Advertising--$17,552$17,552
Fees for Services Accounting-$12,501-$12,501
Office Expenses-$1,144-$1,144
Total Functional Expenses$548,380$137,398$8,867$694,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$703,330
Expenses per Audited Statements$694,645
Total Expenses per Form 990$694,645
Expenses Not Reported on Form 990$8,685
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Decatur Public SchoolsDecatur, IL115Donor-directed Funds for the Use Intended in Each Area, I.e. Athletics, Music, Etc.$269,966
Decatur Public SchoolsDecatur, IL115Additional Academic Support and Special Projects for Programs With a Broader Range Than Classroom Grants.$223,962
Decatur Public SchoolsDecatur, IL115Fund Worthy Teacher Applications in the Areas of Academic Enrichment, Science, the Arts, Technology and Math.$54,452
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,550
Fundraising Direct Expenses$8,685
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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
Filing and Contact Details

Filer

Filer Name
Decatur Public Schools Foundation
EIN
36-4161308
In Care Of
% ZACH SHIELDS
Phone
2173623042
Address
101 West Cerro Gordo, Decatur, IL 62523

Signing Officer

Name
Zach Shields
Title
Officer
Phone
2173623000
Signed
2019-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Regan Deering
Formed
1997
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Bkd Llp
Address
225 N WATER ST SUITE 400, DECATUR, IL 62523
Preparer
Deborah Watts
Phone
2174292411
Supplemental Narrative

Additional Explanations

Process to Review the Form 990

Part VI, Section B, line 11b - THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. ONCE THIS REVIEW IS COMPLETED, THE FORM IS THEN SUBMITTED TO THE BOARD OF TRUSTEES FOR REVIEW.

Policies of the Organization

Part vi, section b, lines 12-15 - the organization follows the decatur school district policies for whistleblower protection, document retention and destruction, and review for determining compensation for officers and key employees.

Conflict of Interest Policy

Part vi, section b, line 12c - all trustees are equally empowered and entrusted with supervision of the director. They have sole discretion over director's employment and actions taken by the director and trustees as a group. Chair, vice chair and treasurer perform annual review and present report to full board of trustees for review. All trustees are subject to the conflict of interest policy.

Determining Compensation for Officers and Key Employees

Part vi, section b, line 15 - the compensation review was conducted in 2018 for 2017-2018 fiscal year by board chair regan deering, treasurer john weber, and vice chair mike allen.

Documents Available to the Public

Part vi, section c, line 19 - documents are available upon request throughout the tax year.

Voting Rights

Part vi, section a, line 1a - the executive committee (board officers) carries out the director's annual performance review and presents its report and employment recommendations to the full board for approval each june.

Financial Statement Notes

Endowment Use

Part v, line 4 - endowment funds are invested for growth and intended for use at the board's discretion on an as-needed basis for grant making or operations.

Fin 48 Footnote

Part x, line 2 management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Other

Part xi, line 2d special event expenses $8,685

Other

Part xii, line 2d special event expenses $8,685

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IRS990/ProgSrvcAccomActy2Grp/Desc0ALLOCATE GRANT FUNDS TO WORTHY TEACHER APPLICATIONS IN THE AREAS OF ACADEMIC ENRICHMENT, SCIENCE, THE ARTS, TECHNOLOGY AND MATH. THE FOUNDATION GRANT COMMITTEE REVIEWS APPLICATIONS FOR RELEVANCE TO IL STATE LEARNING STANDARDS AND TO THE DISTRICT'S STRATEGIC PLAN. GRANTEES REPORT RESULTS OF THEIR PROJECTS TO THE FOUNDATION FOR REVIEW AT THE END OF THE SCHOOL YEAR. THIS PROGRAM PROVIDES ENHANCEMENT FOR ACADEMIC PROGRAMS THAT SERVE HUNDREDS OF STUDENTS EACH YEAR. NOTE THAT AMOUNT ATTRIBUTED FOR DIRECT TEACHER PROGRAMS IS LOWER THIS FISCAL YEAR BECAUSE SOME SERVICES WERE PROVIDED AS PART OF LARGER SPECIAL PROJECTS (SEE PROGRAM SERVICE ACTIVITY #3)
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