Civic Intelligence

Wellsboro Area Education Foundation

990 • Fiscal year 2015 • EIN 36-4748681

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

Organization ProfileWWW.WELLSBOROSD.K12.PA.US/FOUNDATION
PO Box 386Wellsboro, PA 16901

(814) 628-4881

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

97th percentile

82%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

90th percentile

56%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$554,942

Up $198,517 (+56%) from 2014

Net Assets

Up

$554,942

Up $605,627 (+1195%) from 2014

Liabilities

Down

$0

Down $407,110 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin97th percentile

Revenue

$735,857

No earlier filing loaded for comparison.

Expenses

Up

$130,230

Up $126,916 (+3830%) from 2014

Net Income

$605,627

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2015

Assets$554,942
Liabilities$0
Net Assets$554,942
Open 2015 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

2015

Revenue$735,857
Expenses$130,230
Net Income$605,627
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$735,857
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$356,030$546,942▲ $190,912
Cash and Non-Interest-Bearing Accounts$395$8,000▲ $7,605
Total Assets$356,425$554,942▲ $198,517
Liabilities
Deferred Revenue$407,110$0▼ $407,110
Total Liabilities$407,110$0▼ $407,110
Net Assets / Fund Balance
Temporarily Rstr Net Assets$-50,685$554,942▲ $605,627
Total Net Assets Fund Balance$-50,685$554,942▲ $605,627
Total Liabilities and Net Assets / Fund Balance$356,425$554,942▲ $198,517
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ferlin PatrickPresident
Alan GarrisonVice President
Carl ChambersDirector
Christopher MorralDirector
F Craig WestDirector
Peter HeresDirector
Marcia NewcombSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$735,857
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$735,857
Change in Net Assets
$605,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,857
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$735,857
Total Revenue per Form 990
$735,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$105,950
Other Expenses$24,280
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$105,950--$105,950
Fees for Services Accounting$8,358--$8,358
Other Expenses$1,079--$1,079
Total Functional Expenses$130,230$0$0$130,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$130,230
Total Expenses per Audited Statements$130,230
Total Expenses per Form 990$130,230
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wellsboro Area School DistrictWellsboro, PA-Grant Distributions Towards Athletic Complex Construction Project and Equipment$105,950
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 11

“The return was provided to each board member prior to filing. Each member had the opportunity to review and object to the contents of the form.”

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

“The decision of each board member is compared to the conflict of interest statement to determine if the board member acted in the best interest of the organization.”

Form 990, Part VI, Section C, Line 18

“The organization makes this information available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes this information available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wellsboro Area Education Foundation
EIN
36-4748681
Phone
8146284881
Address
PO BOX 386, WELLSBORO, PA 16901

Signing Officer

Name
Marcia Newcomb
Title
Treasurer
Phone
8146284881
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Newcomb
Formed
2012
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

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, PART XII, LINE 2C:

“There has been no change in the process of reviewing audited financial statements which is done by all members of the board of directors.”

Raw XML Appendix338 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN WAS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. EACH MEMBER HAD THE OPPORTUNITY TO REVIEW AND OBJECT TO THE CONTENTS OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DECISION OF EACH BOARD MEMBER IS COMPARED TO THE CONFLICT OF INTEREST STATEMENT TO DETERMINE IF THE BOARD MEMBER ACTED IN THE BEST INTEREST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES THIS INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THIS INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE IN THE PROCESS OF REVIEWING AUDITED FINANCIAL STATEMENTS WHICH IS DONE BY ALL MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0130230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0407110
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0407110
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-50685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0554942
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0130230
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0735857
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0356425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0554942
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 386
IRS990/USAddress/CityNm0WELLSBORO
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016901
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WELLSBOROSD.K12.PA.US/FOUNDATION
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARCIA NEWCOMB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08146284881
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELLSBORO AREA EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0364748681
ReturnHeader/Filer/PhoneNum08146284881
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 386
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/ReturnTs02016-11-10T14:09:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$554,942
Liabilities
$0
Net assets
$554,942
Revenue
$735,857
Expenses
$130,230
Net income
$605,627
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