Civic Intelligence

Barat Education Foundation

990 • Fiscal year 2020 • EIN 36-4407543

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 26, 2021

1501 N Oakley BlvdChicago, IL 60622

(847) 574-2465

Siviq Scores

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

Liabilities / Assets

86th percentile

0.59x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.06x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

40th percentile

1.3%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$33,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.7%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-25%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$894,197

Down $6,189 (-0.7%) from 2019

Net Assets

Down

$369,482

Down $493,454 (-57%) from 2019

Liabilities

Up

$524,715

Up $487,265 (+1301%) from 2019

Revenue

Down

$495,843

Down $161,683 (-25%) from 2019

Expenses

Down

$489,297

Down $125,686 (-20%) from 2019

Net Income

Down

$6,546

Down $35,997 (-85%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2013: $1,111,845Liabilities 2013: $25,584Net Assets 2013: $1,086,2612013Assets 2014: $847,411Liabilities 2014: $57,885Net Assets 2014: $789,5262014Assets 2015: $823,690Liabilities 2015: $45,610Net Assets 2015: $778,0802015Assets 2016: $904,602Liabilities 2016: $27,848Net Assets 2016: $876,7542016Assets 2017: $794,886Liabilities 2017: $60,572Net Assets 2017: $734,3142017Assets 2018: $884,689Liabilities 2018: $64,296Net Assets 2018: $820,3932018Assets 2019: $900,386Liabilities 2019: $37,450Net Assets 2019: $862,9362019Assets 2020: $894,197Liabilities 2020: $524,715Net Assets 2020: $369,4822020Assets 2021: $752,702Liabilities 2021: $602,345Net Assets 2021: $150,3572021Assets 2022: $333,919Liabilities 2022: $269,170Net Assets 2022: $64,7492022Assets 2023: $390,471Liabilities 2023: $343,439Net Assets 2023: $47,0322023Assets 2024: $234,977Liabilities 2024: $219,808Net Assets 2024: $15,1692024Assets 2025: $11,306Liabilities 2025: $13,150Net Assets 2025: -$1,8442025

Highlighted filing

2020

Assets$894,197
Liabilities$524,715
Net Assets$369,482

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $524,4662013Revenue 2014: $287,405Expenses 2014: $581,060Net Income 2014: -$293,6552014Revenue 2015: $424,178Expenses 2015: $426,806Net Income 2015: -$2,6282015Revenue 2016: $541,812Expenses 2016: $440,806Net Income 2016: $101,0062016Revenue 2017: $404,086Expenses 2017: $546,526Net Income 2017: -$142,4402017Revenue 2018: $673,369Expenses 2018: $587,290Net Income 2018: $86,0792018Revenue 2019: $657,526Expenses 2019: $614,983Net Income 2019: $42,5432019Revenue 2020: $495,843Expenses 2020: $489,297Net Income 2020: $6,5462020Revenue 2021: $348,442Expenses 2021: $567,567Net Income 2021: -$219,1252021Revenue 2022: $250,153Expenses 2022: $335,761Net Income 2022: -$85,6082022Revenue 2023: $194,260Expenses 2023: $211,977Net Income 2023: -$17,7172023Revenue 2024: $191,162Expenses 2024: $223,025Net Income 2024: -$31,8632024Revenue 2025: $52,959Expenses 2025: $69,969Net Income 2025: -$17,0102025

Highlighted filing

2020

Revenue$495,843
Expenses$489,297
Net Income$6,546
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 26, 2021
Return Version
2019v5.0
Gross Receipts
$495,843
Mission and Program Overview

Mission

Barat educational foundation was established to continue the values and ground-breaking educational achievements of barat college.the barat educational foundation worked with a team of educators andtechnology specialists to develop our american voice a 21st century media-rich model to teach civics and citizenship to elementary and middleschool students. This teacher-friendly, in school and after school curriculumis integrated with innovative use of digital technology that combines proven traditional curriculum approaches, cutting-edge technology, media and the artsto educate, engage and empower students to be participative citizens in theircommunities and their country. The program has been implemented in 26 communitiesacross illinois with more than 1,000 students participating in 2020/21.

Barat educational foundation has been a key partner of the library of congressteaching with primary sources consortium since 2004. Barat's track record as a library partner is substantial and stellar. It has trained more than 5,000illinois teachers from 700 schools in the use of the library's resources andimpacted over 500,000 students. In addition, barat's on line primary source nexus website is accessed by educators nationally and in 28 countries. Our current cornerstone programs are our american voice (oav), citizens u and the civics educator micro-credential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$703,300$494,209▼ $209,091
Savings and Temporary Cash Investments$10,353$215,196▲ $204,843
Intangible Assets$180,935$180,935→ $0
Prepaid Expenses and Deferred Charges$4,947$3,307▼ $1,640
Land, Buildings, and Equipment, Net$850$550▼ $300
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$900,386$894,197▼ $6,189
Other Assets Total$1$0▼ $1
Liabilities
Deferred Revenue-$351,850-
Mortgage Notes Payable Secured by Investment Property-$124,900-
Accounts Payable and Accrued Expenses$37,450$47,965▲ $10,515
Total Liabilities$37,450$524,715▲ $487,265
Net Assets / Fund Balance
Net Assets With Donor Restrictions$873,699$458,254▼ $415,445
Net Assets Without Donor Restrictions$-10,763$-88,772▼ $78,009
Total Net Assets Fund Balance$862,936$369,482▼ $493,454
Total Liabilities and Net Assets / Fund Balance$900,386$894,197▼ $6,189

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$550$50,541$51,091

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$873,699$322,148-$385,743$458,254
2018$34,985$838,714--$873,699
2017$37,483--$2,498$34,985
2016$39,985--$2,502$37,483
2015$188,370--$148,385$39,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janet BurduillisProgram AdmPT$33,000$33,000

Board Members and Trustees

NameTitle
Sheila a SmithChairman
Kathleen GillespieVice Chair
Maureen E RyanBoard Member
Sarah HighstoneSecretary
Michael DimengoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$97,679
Program Service Revenue
$398,150
Investment Income
$14
Other Revenue
$0
All Other Contributions
$97,679
Change in Net Assets
$6,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$495,843
Total Revenue per Audited Statements
$495,843
Total Revenue per Form 990
$495,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,180
Salaries, Compensation, and Employee Benefits$49,856
Grants and Similar Amounts Paid$2,261
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$7,367$26,781-$34,148
Current Officers, Directors, Trustees, and Key Employees$9,547$23,453-$33,000
Other Salaries and Wages$16,668--$16,668
Travel$8,103$5,422-$13,525
Fees for Services Legal$9,632--$9,632
Insurance-$7,975-$7,975
Office Expenses$6,285--$6,285
Occupancy$4,836--$4,836
Grants to Domestic Orgs$2,261--$2,261
Interest-$1,102-$1,102
Depreciation Depletion-$300-$300
Other Expenses$349$209-$209
Payroll Taxes$134--$134
Other Employee Benefits$54--$54
Total Functional Expenses$419,822$69,475$0$489,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$489,297
Total Expenses per Audited Statements$489,297
Total Expenses per Form 990$489,297
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
Annual disclosure for covered persons
Yes
Audit committee
No
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, Line 11B: Form 990 Review Process

Yes, copy of return provided for review before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Governing Board of the Foundation discusses in detail and approves theannual operating budget which includes salaries, contractual relationshipswith independent contractors performing duties for the Foundation, as well as scholarships and donations made by the Foundation consistent with itsmission. Directors, Officers and the grants administrator (key employee) aresubject to the conflict of interest policy. Should a director and/or officerhave a relationship with an organization and/or individual seeking to do business, that director and/or officer recuses him/herself from voting on the matter.The grants administrator does not make budgetary decisions.

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

The Governing Board approves the salary for the CEO of the organization andreviews the salary on an annual basis. The CEO discloses to the GoverningBoard as part of the annual budget review the suggested compensation for theorganization's employees and major independent contractors. The compensationfor the two key employees: Grants Administrator and Program Director are comparable to salaries in other organizations.The CEO's salary is reviewed and voted on annually as part of the organization'sbudget. The salary is comparable to other organizations.

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

The financial statements are available to the public upon request.if an individual requested a copy of the conflict of interest policy, which is articulated in the organization's by laws, that policy wouldbe provided as well.

Filing and Contact Details

Filer

Filer Name
Barat Education Foundation
EIN
36-4407543
Phone
8475742465
Address
1501 N OAKLEY BLVD, CHICAGO, IL 60622

Signing Officer

Name
Sheila a Smith
Title
Chairman
Signed
2021-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Computer Accounting & Financial Service Inc
Address
6306 N Cicero, Chicago, IL 60646
Preparer
Lawrence Goldman
Phone
7737368800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

GAAP change due to = -$0

Other Changes In Net Assets Or Fund Balances - Other Decreases

Revenue Recognition rules = -$500000

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IRS990/MissionDesc0BARAT EDUCATIONAL FOUNDATION WAS ESTABLISHED TO CONTINUE THE VALUES AND GROUND-BREAKING EDUCATIONAL ACHIEVEMENTS OF BARAT COLLEGE.THE BARAT EDUCATIONAL FOUNDATION WORKED WITH A TEAM OF EDUCATORS ANDTECHNOLOGY SPECIALISTS TO DEVELOP OUR AMERICAN VOICE A 21ST CENTURY MEDIA-RICH MODEL TO TEACH CIVICS AND CITIZENSHIP TO ELEMENTARY AND MIDDLESCHOOL STUDENTS. THIS TEACHER-FRIENDLY, IN SCHOOL AND AFTER SCHOOL CURRICULUMIS INTEGRATED WITH INNOVATIVE USE OF DIGITAL TECHNOLOGY THAT COMBINES PROVEN TRADITIONAL CURRICULUM APPROACHES, CUTTING-EDGE TECHNOLOGY, MEDIA AND THE ARTSTO EDUCATE, ENGAGE AND EMPOWER STUDENTS TO BE PARTICIPATIVE CITIZENS IN THEIRCOMMUNITIES AND THEIR COUNTRY. THE PROGRAM HAS BEEN IMPLEMENTED IN 26 COMMUNITIESACROSS ILLINOIS WITH MORE THAN 1,000 STUDENTS PARTICIPATING IN 2018/19 AND2019/21.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt04836
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IRS990/OfficeExpensesGrp/TotalAmt06285
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IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt054
IRS990/OtherExpensesGrp/Desc0Program delivery & services
IRS990/OtherExpensesGrp/Desc1Telephone and internet
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1209
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IRS990/OtherExpensesGrp/ProgramServicesAmt2349
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IRS990/OtherExpensesGrp/TotalAmt15121
IRS990/OtherExpensesGrp/TotalAmt24582
IRS990/OtherExpensesGrp/TotalAmt3209
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IRS990/OtherSalariesAndWagesGrp/TotalAmt016668
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IRS990/ProgramServiceRevenueGrp/Desc0Fees & Contracts Gov Agencies
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation developed and administers a program titled Our American Voice which is a project based learning initiative that links the basics of American history, government and civics with digital age technology and community involvement to educate, engage and empower middle-grade students to be participative citizens in their communities and make reasoned commitments to the core democratic values of the United States .Since 2009 when the program was established, OAV has been delivered by over 150 educators and after-school partners to more than 4500 students. It is being implemented with over 1,000 students in 26 schools across IL for the 2019-2020 year. The students are diverse and 90% of them come from socially and economically disadvantaged communities.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0398150
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATIONDEVELOPED AND SUPPORTS EDUCATIONAL PROGRAMS REFLECTING THE VALUESAND TRADITIONS OF THE SACRED HEART. TO ACHIEVE THIS PURPOSE THE FOUNDATIONSPONSORS SCHOLARSHIPS AND MAKES CHARITABLE CONTRIBUTIONS.
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IRS990/PYTotalExpensesAmt0614983
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt010353
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0215196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0704920
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0603189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0459919
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02691152
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES, COPY OF RETURN PROVIDED FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Governing Board of the Foundation discusses in detail and approves theannual operating budget which includes salaries, contractual relationshipswith independent contractors performing duties for the Foundation, as well as scholarships and donations made by the Foundation consistent with itsmission. Directors, Officers and the grants administrator (key employee) aresubject to the conflict of interest policy. Should a director and/or officerhave a relationship with an organization and/or individual seeking to do business, that director and/or officer recuses him/herself from voting on the matter.The grants administrator does not make budgetary decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Governing Board approves the salary for the CEO of the organization andreviews the salary on an annual basis. The CEO discloses to the GoverningBoard as part of the annual budget review the suggested compensation for theorganization's employees and major independent contractors. The compensationfor the two key employees: Grants Administrator and Program Director are comparable to salaries in other organizations.The CEO's salary is reviewed and voted on annually as part of the organization'sbudget. The salary is comparable to other organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.IF AN INDIVIDUAL REQUESTED A COPY OF THE CONFLICT OF INTEREST POLICY, WHICH IS ARTICULATED IN THE ORGANIZATION'S BY LAWS, THAT POLICY WOULDBE PROVIDED AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GAAP change due to = -$0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Revenue Recognition rules = -$500000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
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/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990/TotalLiabilitiesEOYAmt0524715
IRS990/TotalLiabilitiesGrp/BOYAmt037450
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