Civic Intelligence

Wellsboro Area Education Foundation

990EZ • Fiscal year 2014 • EIN 36-4748681

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

Organization ProfileWWW.WELLSBOROSD.K12.PA.US/FOUNDATION
227 Nichols StreetWellsboro, PA 16901

(570) 724-4424

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

94th percentile

152%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$356,425

Up $215,141 (+152%) from 2013

Net Assets

Down

-$50,685

Down $3,314 (-7.0%) from 2013

Liabilities

Up

$407,110

Up $218,455 (+116%) from 2013

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,314

Down $44,057 (-93%) from 2013

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$600K$400K$200K$0-$200KAssets 2013: $141,284Liabilities 2013: $188,655Net Assets 2013: -$47,3712013Assets 2014: $356,425Liabilities 2014: $407,110Net Assets 2014: -$50,6852014Assets 2015: $554,942Liabilities 2015: $0Net Assets 2015: $554,9422015Assets 2016: $156,201Liabilities 2016: $0Net Assets 2016: $156,2012016Assets 2017: $331,484Liabilities 2017: $0Net Assets 2017: $331,4842017Assets 2018: $390,410Liabilities 2018: $0Net Assets 2018: $390,4102018Assets 2019: $208,189Liabilities 2019: $0Net Assets 2019: $208,1892019Assets 2020: $239,999Liabilities 2020: $0Net Assets 2020: $239,9992020Assets 2021: $287,476Net Assets 2021: $287,4762021Assets 2022: $271,330Net Assets 2022: $271,3302022Assets 2023: $291,517Net Assets 2023: $291,5172023Assets 2024: $307,268Net Assets 2024: $307,2682024

Highlighted filing

2014

Assets$356,425
Liabilities$407,110
Net Assets-$50,685
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $47,371Net Income 2013: -$47,3712013Expenses 2014: $3,3142014Revenue 2015: $735,857Expenses 2015: $130,230Net Income 2015: $605,6272015Revenue 2016: $219,962Expenses 2016: $618,703Net Income 2016: -$398,7412016Revenue 2017: $184,876Expenses 2017: $15,065Net Income 2017: $169,8112017Revenue 2018: $178,946Expenses 2018: $113,793Net Income 2018: $65,1532018Revenue 2019: $152,266Expenses 2019: $340,451Net Income 2019: -$188,1852019Revenue 2020: $57,018Expenses 2020: $37,356Net Income 2020: $19,6622020Revenue 2021: $103,313Expenses 2021: $65,689Net Income 2021: $37,6242021Revenue 2022: $41,676Expenses 2022: $33,132Net Income 2022: $8,5442022Revenue 2023: $22,573Expenses 2023: $14,121Net Income 2023: $8,4522023Revenue 2024: $21,998Expenses 2024: $10,753Net Income 2024: $11,2452024

Highlighted filing

2014

Revenue-
Expenses$3,314
Net Income-
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To support the education of the students of the wellsboro area by promoting academic excellence with funding of educational programs, student activities, facility improvements and educational tools & support improvements.

Program Services

DescriptionGrantsExpenses
PROJECT TO SUPPORT STUDENTS OF THE WELLSBORO AREA SCHOOL DISTRICT THROUGH FACILITY IMPROVEMENTS.$0$3,314
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
FERLIN PATRICKPresident-$0--
ALAN GARRISONVice President-$0--
MARCIA NEWCOMBSecretary/Treasurer-$0--
CHRISTOPHER MORRALDirector-$0--
CARL CHAMBERSDirector-$0--
F CRAIG WESTDirector-$0--
PETER HERESDirector-$0--
Filing and Contact Details

Filer

Filer Name
Wellsboro Area Education Foundation
EIN
36-4748681
Phone
5707244424
Address
227 NICHOLS STREET, WELLSBORO, PA 16901

Signing Officer

Name
Marcia Newcomb
Title
Treasurer
Phone
5707244424
Signed
2015-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Buffamante Whipple Buttafaro Pc
Address
130 SOUTH UNION STREET SUITE 200, OLEAN, NY 14760
Preparer
David V Ditanna CPA
Phone
7163721620
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: miscellaneous fees. Amount: 3,314.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: deferred revenue. Beg. Of year amount: 188,655. End of year amount: 407,110.”

FORM 990-EZ, PART II, LINE 26, OTHER LIABILITIES:

“In 2014, the foundation changed the scope of its athletic complex capital project. The contributions for this project are conditional on the project beginning construction. As a result, contributions received in the amount of $407,110 at december 31, 2014 have been classified as deferred revenue until the condition is met.”

Raw XML Appendix145 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum05707244424
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0227 NICHOLS STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WELLSBORO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARCIA NEWCOMB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHRISTOPHER MORRAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CARL CHAMBERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5F CRAIG WEST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6PETER HERES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt03314
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE EDUCATION OF THE STUDENTS OF THE WELLSBORO AREA BY PROMOTING ACADEMIC EXCELLENCE WITH FUNDING OF EDUCATIONAL PROGRAMS, STUDENT ACTIVITIES, FACILITY IMPROVEMENTS AND EDUCATIONAL TOOLS & SUPPORT IMPROVEMENTS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03314
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MISCELLANEOUS FEES. AMOUNT: 3,314.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 188,655. END OF YEAR AMOUNT: 407,110.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 2014, THE FOUNDATION CHANGED THE SCOPE OF ITS ATHLETIC COMPLEX CAPITAL PROJECT. THE CONTRIBUTIONS FOR THIS PROJECT ARE CONDITIONAL ON THE PROJECT BEGINNING CONSTRUCTION. AS A RESULT, CONTRIBUTIONS RECEIVED IN THE AMOUNT OF $407,110 AT DECEMBER 31, 2014 HAVE BEEN CLASSIFIED AS DEFERRED REVENUE UNTIL THE CONDITION IS MET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26, OTHER LIABILITIES:
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARCIA NEWCOMB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05707244424
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELLSBORO AREA EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0364748681
ReturnHeader/Filer/PhoneNum05707244424
ReturnHeader/Filer/USAddress/AddressLine1Txt0227 NICHOLS STREET
ReturnHeader/Filer/USAddress/CityNm0WELLSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161117932
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUFFAMANTE WHIPPLE BUTTAFARO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 SOUTH UNION STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OLEAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014760
ReturnHeader/PreparerPersonGrp/PhoneNum07163721620
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID V DITANNA CPA
ReturnHeader/ReturnTs02015-11-11T15:40:01-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$356,425
Liabilities
$407,110
Net assets
-$50,685
Revenue
-
Expenses
$3,314
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.07$3.07$0.22$0.11$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.92$2.92$0.23$0.14$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.71$2.71$0.42$0.33$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.87$2.87$1.03$0.66$0.38
2020Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.57$0.37$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$1.52$3.40$1.88
2018Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$1.79$1.14$0.65
2017Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.85$0.15$1.70
2016Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$2.20$6.19$3.99
2015Detailed filing. Detailed filing data is available for this year.$5.55$0.00$5.55$7.36$1.30$6.06
2014Detailed filing. Detailed filing data is available for this year.$3.56$4.07$0.51$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.41$1.89$0.47$0.00$0.47$0.47