Civic Intelligence

La Crosse Public Education Foundation Inc.

990 • Fiscal year 2021 • EIN 39-1610700

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 06, 2022

PO Box 1811LA Crosse, WI 54602

(608) 787-0226

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$53,612

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,583,061

Up $326,769 (+14%) from 2020

Net Assets

Up

$2,565,575

Up $321,283 (+14%) from 2020

Liabilities

Up

$17,486

Up $5,486 (+46%) from 2020

Revenue

Down

$489,503

Down $164,476 (-25%) from 2020

Expenses

Down

$303,688

Down $73,248 (-19%) from 2020

Net Income

Down

$185,815

Down $91,228 (-33%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $682,358Liabilities 2011: $1,128Net Assets 2011: $681,2302011Assets 2012: $708,934Liabilities 2012: $4,683Net Assets 2012: $704,2512012Assets 2013: $1,382,439Liabilities 2013: $1,436Net Assets 2013: $1,381,0032013Assets 2014: $1,642,107Liabilities 2014: $105,323Net Assets 2014: $1,536,7842014Assets 2015: $1,589,610Liabilities 2015: $130,404Net Assets 2015: $1,459,2062015Assets 2016: $1,723,622Liabilities 2016: $12,880Net Assets 2016: $1,710,7422016Assets 2017: $1,800,149Liabilities 2017: $22,165Net Assets 2017: $1,777,9842017Assets 2018: $1,673,598Liabilities 2018: $22,265Net Assets 2018: $1,651,3332018Assets 2019: $1,848,741Liabilities 2019: $32,450Net Assets 2019: $1,816,2912019Assets 2020: $2,256,292Liabilities 2020: $12,000Net Assets 2020: $2,244,2922020Assets 2021: $2,583,061Liabilities 2021: $17,486Net Assets 2021: $2,565,5752021Assets 2022: $2,131,050Liabilities 2022: $21,039Net Assets 2022: $2,110,0112022Assets 2023: $2,333,425Liabilities 2023: $2,780Net Assets 2023: $2,330,6452023Assets 2024: $2,576,095Liabilities 2024: $9,200Net Assets 2024: $2,566,8952024

Highlighted filing

2021

Assets$2,583,061
Liabilities$17,486
Net Assets$2,565,575

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $137,1372011Expenses 2012: $170,7752012Revenue 2013: $314,981Expenses 2013: $159,652Net Income 2013: $155,3292013Revenue 2014: $449,284Expenses 2014: $237,297Net Income 2014: $211,9872014Revenue 2015: $252,014Expenses 2015: $222,894Net Income 2015: $29,1202015Revenue 2016: $437,434Expenses 2016: $333,225Net Income 2016: $104,2092016Revenue 2017: $376,590Expenses 2017: $464,063Net Income 2017: -$87,4732017Revenue 2018: $563,262Expenses 2018: $378,043Net Income 2018: $185,2192018Revenue 2019: $322,782Expenses 2019: $351,743Net Income 2019: -$28,9612019Revenue 2020: $653,979Expenses 2020: $376,936Net Income 2020: $277,0432020Revenue 2021: $489,503Expenses 2021: $303,688Net Income 2021: $185,8152021Revenue 2022: $302,462Expenses 2022: $343,426Net Income 2022: -$40,9642022Revenue 2023: $368,035Expenses 2023: $290,320Net Income 2023: $77,7152023Revenue 2024: $679,196Expenses 2024: $428,577Net Income 2024: $250,6192024

Highlighted filing

2021

Revenue$489,503
Expenses$303,688
Net Income$185,815
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 6, 2022
Return Version
2021v4.0
Gross Receipts
$653,631
Mission and Program Overview

Mission

The mission of the la crosse public education foundation is to enhance learning opportunities for students in the school district of la crosse and to promote community understanding and support for public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,092,667$1,181,359▲ $88,692
Investments in Publicly Traded Securities$850,852$1,130,433▲ $279,581
Cash and Non-Interest-Bearing Accounts$202,184$244,516▲ $42,332
Savings and Temporary Cash Investments$31,436--
Pledges and Grants Receivable$79,153$26,753▼ $52,400
Total Assets$2,256,292$2,583,061▲ $326,769
Liabilities
Deferred Revenue$12,000$16,686▲ $4,686
Accounts Payable and Accrued Expenses-$800-
Total Liabilities$12,000$17,486▲ $5,486
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,684,396$1,988,041▲ $303,645
Net Assets Without Donor Restrictions$559,896$577,534▲ $17,638
Total Net Assets Fund Balance$2,244,292$2,565,575▲ $321,283
Total Liabilities and Net Assets / Fund Balance$2,256,292$2,583,061▲ $326,769

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,181,359--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$377,690$197,161▲ $45,658-$618,109
2020$66,021$278,909▼ $2,400-$377,690
2019$49,859$14,230▲ $1,932-$66,021
2018$21,365$33,237▼ $4,743-$49,859
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David StoefflerExecutive DiFT$49,612$4,000$53,612

Board Members and Trustees

NameTitle
Amanda WestphalDirector
Andrew BorgertDirector
Angela ErdenbergerDirector
Byron HolzDirector
Heidi OdegaardDirector
John StuberDirector
Julie NelsonDirector
Kelley Kreig-sigmanDirector
Mark BrummDirector
Richard BreauxDirector
Scott ChorskiDirector
Scott MihalovicDirector
Tracie BoschDirector
Xeng LeeDirector
Margaret Dihlmann-malzerHonorary Director
Rochelle NicksPast Preside
Kathie TyserSecretary
Adam KendleTreasurer
Anna PrinsenVice Preside
Tom ThompsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$387,500
Program Service Revenue
$0
Investment Income
$101,979
Other Revenue
$24
All Other Contributions
$340,126
Change in Net Assets
$185,815

Audited Revenue Reconciliation

Revenue per Audited Statements
$489,503
Revenue Not Reported on Form 990
$142,690
Total Revenue per Audited Statements
$632,193
Total Revenue per Form 990
$489,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$182,168
Salaries, Compensation, and Employee Benefits$92,886
Total Fundraising Expense$46,888
Other Expenses$28,634
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$182,168--$182,168
Current Officers, Directors, Trustees, and Key Employees$24,289$12,144$12,145$48,578
Other Salaries and Wages-$9,262$19,114$28,376
Payroll Taxes-$13,870-$13,870
Fees for Services Accounting-$7,965-$7,965
Office Expenses-$2,680$2,363$5,043
Pension Plan Contributions$1,031$515$516$2,062
Insurance-$1,442-$1,442
Travel-$855$214$1,069
Information Technology--$350$350
Other Expenses-$115$442$115
All Other Expenses-$19-$19
Total Functional Expenses$207,488$49,312$46,888$303,688

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$310,910
Expenses per Audited Statements$303,688
Total Expenses per Form 990$303,688
Expenses Not Reported on Form 990$7,222
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
School District of La CrosseLa Crosse, WIGovEnhanced Learning$182,168
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,288
Fundraising Gross Income$9,288
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bowtie Classic$37,501$7,963$7,963$0
Grant Luncheon$19,161$1,325$1,325$0
Total Events$56,662$9,288$9,288-
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
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, Page 6, Part VI, Line 11B

Form 990 is prepared by cpa, reviewed by executive director and board of directors, and signed by an officer of the foundation.

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

The executive director maintains a file of conflict of interest statements. If potential conflicts arise, he notifies the board president and a discussion ensues with the affected board member. Board members with conflicts typically verbally disclose the potential conflict and do not participate in the discussion or the vote.

Form 990, Page 6, Part VI, Line 15A

Compensation process for top offical and executive director's pay approved by the foundation's board.

Form 990, Page 6, Part VI, Line 15B

Compensation process for top offical and executive director's pay approved by the foundation's board.

Form 990, Page 6, Part VI, Line 19

The strategic plan is posted on the website, as well as our irs letter of determination. Other governing documents would be available by request and released if appropriate or required by law.

Filing and Contact Details

Filer

Filer Name
La Crosse Public Education
EIN
39-1610700
Phone
6087870226
Address
PO BOX 1811, LA CROSSE, WI 54602

Signing Officer

Name
Adam Kendle
Title
Treasurer
Phone
6087870226
Signed
2022-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Thompson
Formed
1989
Legal Domicile
Wi
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
30

Preparer

Firm
Johnson Block & Co Inc
Address
122 6TH STREET NORTH, LA CROSSE, WI 54601
Preparer
Carrie Leonard CPA
Phone
6087841890
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To enhance learning opportunities for students in the school district of la crosse and to promote community understanding and support for public education.

Form 990, Part XI, Line 9

Change in value perpetual trusts 88,342 special event expenses 7,222 special event expenses -7,222 total 88,342

Financial Statement Notes

Schedule D, Page 3, Part X

In accordance with professional standards, the foundation follows the statutory requirements for their income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the foundations tax-exempt status would not have a material effect on the accompanying financial statements.

Schedule D, Page 4, Part XI, Line 2D

Change in value perpetual trusts 88,342 special event expenses 7,222

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 7,222

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6HONORARY DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
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IRS990/MissionDesc0THE MISSION OF THE LA CROSSE PUBLIC EDUCATION FOUNDATION IS TO ENHANCE LEARNING OPPORTUNITIES FOR STUDENTS IN THE SCHOOL DISTRICT OF LA CROSSE AND TO PROMOTE COMMUNITY UNDERSTANDING AND SUPPORT FOR PUBLIC EDUCATION.
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IRS990/PrincipalOfficerNm0TOM THOMPSON
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$0.01$2.57$0.68$0.43$0.25
2023Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.37$0.29$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.02$2.11$0.30$0.34$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.58$0.02$2.57$0.49$0.30$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.26$0.01$2.24$0.65$0.38$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.85$0.03$1.82$0.32$0.35$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.02$1.65$0.56$0.38$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.80$0.02$1.78$0.38$0.46$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.71$0.44$0.33$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.13$1.46$0.25$0.22$0.03
2014Summary only. Only limited summary data is available for this year.$1.64$0.11$1.54$0.45$0.24$0.21
2013Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.31$0.16$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.70$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.14