Civic Intelligence

Foundation for Educational Opportunity at West Iron County Sc

990 • Fiscal year 2014 • EIN 38-3147380

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 10, 2014

Organization ProfileWICFOUNDATION.ORG/BOARD.HTM
PO Box 71Stambaugh, MI 49964

(906) 265-9218

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

98th percentile

86%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$3,805,243

Up $643,575 (+20%) from 2013

Net Assets

Up

$3,805,243

Up $643,575 (+20%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin98th percentile

Revenue

Up

$748,204

Up $167,275 (+29%) from 2013

Expenses

Up

$104,629

Up $31,405 (+43%) from 2013

Net Income

Up

$643,575

Up $135,870 (+27%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$10M$5.0M$0Assets 2011: $2,499,563Liabilities 2011: $0Net Assets 2011: $2,499,5632011Assets 2012: $2,653,963Liabilities 2012: $0Net Assets 2012: $2,653,9632012Assets 2013: $3,161,668Liabilities 2013: $0Net Assets 2013: $3,161,6682013Assets 2014: $3,805,243Liabilities 2014: $0Net Assets 2014: $3,805,2432014Assets 2015: $4,064,682Liabilities 2015: $0Net Assets 2015: $4,064,6822015Assets 2016: $3,873,644Liabilities 2016: $0Net Assets 2016: $3,873,6442016Assets 2017: $4,304,008Liabilities 2017: $0Net Assets 2017: $4,304,0082017Assets 2018: $4,502,704Liabilities 2018: $0Net Assets 2018: $4,502,7042018Assets 2019: $4,585,259Liabilities 2019: $0Net Assets 2019: $4,585,2592019Assets 2020: $4,453,490Liabilities 2020: $0Net Assets 2020: $4,453,4902020Assets 2021: $9,446,298Liabilities 2021: $0Net Assets 2021: $9,446,2982021

Highlighted filing

2014

Assets$3,805,243
Liabilities$0
Net Assets$3,805,243
Open 2014 Filing

Operations Trend

Revenue Growth81st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $303,782Expenses 2011: $72,638Net Income 2011: $231,1442011Expenses 2012: $63,3822012Revenue 2013: $580,929Expenses 2013: $73,224Net Income 2013: $507,7052013Revenue 2014: $748,204Expenses 2014: $104,629Net Income 2014: $643,5752014Revenue 2015: $430,387Expenses 2015: $170,948Net Income 2015: $259,4392015Revenue 2016: $60,698Expenses 2016: $251,736Net Income 2016: -$191,0382016Revenue 2017: $643,712Expenses 2017: $213,348Net Income 2017: $430,3642017Revenue 2018: $433,608Expenses 2018: $234,912Net Income 2018: $198,6962018Revenue 2019: $334,151Expenses 2019: $251,596Net Income 2019: $82,5552019Revenue 2020: $201,097Expenses 2020: $332,866Net Income 2020: -$131,7692020Revenue 2021: $5,343,933Expenses 2021: $351,125Net Income 2021: $4,992,8082021

Highlighted filing

2014

Revenue$748,204
Expenses$104,629
Net Income$643,575
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 10, 2014
Return Version
2013v3.1
Gross Receipts
$748,204
Mission and Program Overview

Mission

To receive and disburse funds and gifts of any kind exclusively for the benefit of west iron county schools, or any organization to succeed the board of trustees of west iron county schools. The foundation was established to receive tax deductible contributions and distribute funds for educational projects, mini-grants for teachers and scholarships for graduates of west iron county schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,981,785$3,588,368▲ $606,583
Savings and Temporary Cash Investments$179,883$216,875▲ $36,992
Total Assets$3,161,668$3,805,243▲ $643,575
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,152,038$3,796,762▲ $644,724
Unrestricted Net Assets$9,630$8,481▼ $1,149
Total Net Assets Fund Balance$3,161,668$3,805,243▲ $643,575
Total Liabilities and Net Assets / Fund Balance$3,161,668$3,805,243▲ $643,575
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Jon WaaraPresident
Chris ThomsonTrustee
Rick KentTrustee
Roy PolichTrustee
Tim PeruzziTrustee
Mary Hebert-
Randy Jacobs-
Karen AndersonDep Treasure
Linda SavingSecretary
Don BastianelloTreasurer
Lee RomettiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$187,563
Program Service Revenue
$0
Investment Income
$560,641
Other Revenue
$0
All Other Contributions
$187,563
Change in Net Assets
$643,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$748,204
Total Revenue per Audited Statements
$748,204
Total Revenue per Form 990
$748,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$96,700
Other Expenses$7,929
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$96,700--$96,700
Fees for Services Accounting-$4,447-$4,447
Fees for Service Investment Mgmnt Fees$3,122$115-$3,237
Fees for Services Other-$145-$145
Office Expenses-$100-$100
Total Functional Expenses$99,822$4,807$0$104,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$104,629
Total Expenses per Audited Statements$104,629
Total Expenses per Form 990$104,629
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, Page 6, Part VI, Line 11B

“Although copies of form 990 are not distributed to each member of the governing board, the form was made available for inspection at the regular meeting of the board prior to filing. All forms and documents are available for public inspection upon request.”

Form 990, Page 6, Part VI, Line 12C

“Annual board meeting discussions.”

Form 990, Page 6, Part VI, Line 19

“All documents, including financial statements, solicitation materials, tax returns, ect. Are on file at the west iron county public school.”

Filing and Contact Details

Filer

EIN
38-3147380
Phone
9062659218

Signing Officer

Name
Donald Bastianello
Title
Treasurer
Phone
9062659218
Signed
2014-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Bastianello
Formed
1994
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Preparer
Timothy J Makela
Phone
9069324430
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To receive and disburse funds and gifts of any kind exclusively for the benefit of west iron county schools, or any organization to succeed the board of trustees of west iron county schools. The foundation was established to receive tax deductible contributions and distribute funds for educational projects, mini-grants for teachers and scholarships for graduates of west iron county schools.”

Raw XML Appendix343 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/ExplanationTxt0TO RECEIVE AND DISBURSE FUNDS AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF WEST IRON COUNTY SCHOOLS, OR ANY ORGANIZATION TO SUCCEED THE BOARD OF TRUSTEES OF WEST IRON COUNTY SCHOOLS. THE FOUNDATION WAS ESTABLISHED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS FOR EDUCATIONAL PROJECTS, MINI-GRANTS FOR TEACHERS AND SCHOLARSHIPS FOR GRADUATES OF WEST IRON COUNTY SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALTHOUGH COPIES OF FORM 990 ARE NOT DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BOARD, THE FORM WAS MADE AVAILABLE FOR INSPECTION AT THE REGULAR MEETING OF THE BOARD PRIOR TO FILING. ALL FORMS AND DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL BOARD MEETING DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS, INCLUDING FINANCIAL STATEMENTS, SOLICITATION MATERIALS, TAX RETURNS, ECT. ARE ON FILE AT THE WEST IRON COUNTY PUBLIC SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03152038
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03796762
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03805243
IRS990/TotalAssetsGrp/BOYAmt03161668
IRS990/TotalAssetsGrp/EOYAmt03805243
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0187563
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04807
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt099822
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104629
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03161668
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03805243
IRS990/TotalProgramServiceExpensesAmt099822
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0560641
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0748204
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03161668
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03805243
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09630
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08481
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 71
IRS990/USAddress/City0STAMBAUGH
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode049964
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WICFOUNDATION.ORG/BOARD.HTM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD BASTIANELLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09062659218
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10FOUNDATION FOR ED OPP AT WIC SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0383147380
ReturnHeader/Filer/PhoneNum09062659218
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 71
ReturnHeader/Filer/USAddress/City0STAMBAUGH
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode049964
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381816187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MAKELA POLLACK & AHONEN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10301 N SUFFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0IRONWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode049938
ReturnHeader/PreparerPersonGrp/PhoneNum09069324430
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J MAKELA
ReturnHeader/ReturnTs02014-10-14T13:54:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,805,243
Liabilities
$0
Net assets
$3,805,243
Revenue
$748,204
Expenses
$104,629
Net income
$643,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.45$0.00$9.45$5.34$0.35$4.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$0.00$4.45$0.20$0.33$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$0.00$4.59$0.33$0.25$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$0.00$4.50$0.43$0.23$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$0.00$4.30$0.64$0.21$0.43
2016Detailed filing. Detailed filing data is available for this year.$3.87$0.00$3.87$0.06$0.25$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.43$0.17$0.26
2014Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.75$0.10$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.00$3.16$0.58$0.07$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.00$2.65$0.06
2011Summary only. Only limited summary data is available for this year.$2.50$0.00$2.50$0.30$0.07$0.23