Civic Intelligence

Education Industry Association Inc

990 • Fiscal year 2014 • EIN 39-1754449

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 10, 2015

3900 Jermantown Road No 300Fairfax, VA 22030

(703) 934-4626

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.23x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

5th percentile

-45%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$219,974

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 72.2% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

4th percentile

-54%

Faster asset growth than 4% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$110,126

Down $127,763 (-54%) from 2013

Net Assets

Down

$84,397

Down $135,473 (-62%) from 2013

Liabilities

Up

$25,729

Up $7,710 (+43%) from 2013

Revenue

Down

$304,814

Down $148,733 (-33%) from 2013

Expenses

Up

$440,557

Up $21,563 (+5.1%) from 2013

Net Income

Down

-$135,743

Down $170,296 (-493%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $197,643Liabilities 2010: $20,108Net Assets 2010: $177,5352010Assets 2011: $262,188Liabilities 2011: $28,246Net Assets 2011: $233,9422011Assets 2012: $189,041Liabilities 2012: $3,726Net Assets 2012: $185,3152012Assets 2013: $237,889Liabilities 2013: $18,019Net Assets 2013: $219,8702013Assets 2014: $110,126Liabilities 2014: $25,729Net Assets 2014: $84,3972014Assets 2015: $23,949Liabilities 2015: $18,729Net Assets 2015: $5,2202015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$110,126
Liabilities$25,729
Net Assets$84,397

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $763,2432010Expenses 2011: $602,8752011Expenses 2012: $488,7142012Revenue 2013: $453,547Expenses 2013: $418,994Net Income 2013: $34,5532013Revenue 2014: $304,814Expenses 2014: $440,557Net Income 2014: -$135,7432014Revenue 2015: $129,099Expenses 2015: $165,261Net Income 2015: -$36,1622015Revenue 2016: $16,382Expenses 2016: $38,093Net Income 2016: -$21,7112016

Highlighted filing

2014

Revenue$304,814
Expenses$440,557
Net Income-$135,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 10, 2015
Return Version
2014v5.0
Gross Receipts
$304,814
Mission and Program Overview

Mission

Eia serves as the leading voice for education entrepreneurs, advocating for the interests of businesses in the pre k-12 market and serving as the knowledge center which integrates best practices and research that raise student achievement through innovation and improvement strategies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236,929$109,558▼ $127,371
Land, Buildings, and Equipment, Net$960$568▼ $392
Total Assets$237,889$110,126▼ $127,763
Liabilities
Accounts Payable and Accrued Expenses$18,019$25,729▲ $7,710
Total Liabilities$18,019$25,729▲ $7,710
Net Assets / Fund Balance
Temporarily Rstr Net Assets$82,500$73,033▼ $9,467
Unrestricted Net Assets$137,370$11,364▼ $126,006
Total Net Assets Fund Balance$219,870$84,397▼ $135,473
Total Liabilities and Net Assets / Fund Balance$237,889$110,126▼ $127,763

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$568$3,982$4,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven PinesExecutive DirectorFT$177,972$42,002$219,974

Board Members and Trustees

NameTitle
Joseph OlchefskePresident
Dayna StewartVice-president
Candice Jones-mulderBoard Member
David AndrewsBoard Member
Isaak AronsonBoard Member
Joe MorganBoard Member
Jose AfonsoBoard Member
Lillian BrienzaBoard Member
Mark ClaypoolBoard Member
Michael ConnellyBoard Member
Raymond HuntingtonBoard Member
Robert LytleBoard Member
Robertson ChandlerBoard Member
Scott DrossosBoard Member
Susan WolfordBoard Member
Clement ErbmannSecretary
Tom SchnabelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,467
Program Service Revenue
$287,309
Investment Income
$96
Other Revenue
$7,942
All Other Contributions
$9,467
Change in Net Assets
$-135,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$230,517
Other Expenses$210,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$219,973
Conferences and Meetings---$131,744
Fees for Services Accounting---$29,150
Office Expenses---$21,777
Advertising---$19,407
Travel---$12,567
Payroll Taxes---$10,544
Occupancy---$6,750
Fees for Services Other---$4,534
Insurance---$1,637
Fees for Services Legal---$1,353
Information Technology---$1,076
Depreciation Depletion---$665
Other Expenses---$-24,141
Total Functional Expenses$0$0$0$440,557
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 A, Line 6

There are two classes of voting members known as "governing members." a governing member shall be a professional educator in private practice who demonstrates his or her involvement in a private practice such as, but not limited to, ownership or employment in private practice. (a) individual governing member - each individual governing member shall be entitled to one vote, to hold office in the association, and receive the benefits of members and serve the association in various capacities as determined by the association's board of directors. (b) corporate/institutional governing member - corporate/institutional members are entitled to designate one individual as a voting member. Only one member of a corporate/institutional member may hold office in the association at any one time. Corporate/institutional governing members are entitled to serve the association in various capacities as determined by the association's board of directors. Regular member - there shall be two classes of non-voting members known as "regular members." a regular member is an individual or corporation who supports the purpose, goals and objectives of the association. (a) regular members - individual - an individual regular member may participate in association activities, receive the benefits of members, and serve the association in various capacities as determined by the association's board of directors. (b) corporate/institutional regular member - a corporate/institutional regular member may participate in association activities, receive the benefits of members and serve the association in various capacities as determined by the association's board of directors.

Form 990, Part VI, Section A, Line 7A

Persons qualified to be elected as directors of the association shall be nominated and elected as follows: - the initial board of directors shall determine a rotation schedule which provides for one-third of the membership of the board to be elected each year. - no director shall serve more than three consecutive three-year terms. Any term of service, as a director, for a period of less than three years shall not be counted as a consecutive three-year term for purposes of this limitation. - a nominations committee appointed by the board of directors shall annually select one or more nominees for each board of director position to be elected that year. The board of directors or its designee shall give written notice to each governing member, prior to november 1, of the upcoming election, with information on each nominee, a ballot which identifies the nominee(s) and includes provision for write-in candidates, and instructions on voting. Ballots completed and returned to the association offices by november 20 shall be counted in the vote for each director. The person who receives the highest number of votes cast for each director position shall be elected.

Form 990, Part VI, Section B, Line 11

The executive committee reviews the irs form 990 prior to its issuance.

Form 990, Part VI, Section B, Line 15A

The executive committee reviews and approves the compensation of the executive director.

Form 990, Part VI, Section C, Line 19

The organization's documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Education Industry Association Inc
EIN
39-1754449
Phone
7039344626
Address
3900 JERMANTOWN ROAD NO 300, FAIRFAX, VA 22030

Signing Officer

Name
James D Giovannini
Title
Executive Director
Phone
7039344626
Signed
2015-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Olchefske
Formed
1990
Legal Domicile
Wi
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
17

Preparer

Firm
Tate and Tryon
Address
2021 L STREET NW SUITE 400, WASHINGTON, DC 20036
Preparer
Elizabeth Heller
Phone
2022932200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

The financial statements have been prepared on the modified cash basis of accounting. Accordingly, revenues and expenses are recognized only as cash is received or disbursed. Receivables, prepaid expenses, accrued expenses, and accounts payable are not reflected in the combined financial statements except for accruals related to payroll and benefits.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01076
IRS990/InsuranceGrp/TotalAmt01637
IRS990/InvestmentIncomeGrp/ExclusionAmt096
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt096
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0960
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0568
IRS990/LandBldgEquipCostOrOtherBssAmt04550
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EIA SERVES AS THE LEADING VOICE FOR EDUCATION ENTREPRENEURS, ADVOCATING FOR THE INTERESTS OF BUSINESSES IN THE PRE K-12 MARKET AND SERVING AS THE KNOWLEDGE CENTER WHICH INTEGRATES BEST PRACTICES AND RESEARCH THAT RAISE STUDENT ACHIEVEMENT THROUGH INNOVATION AND IMPROVEMENT STRATEGIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0219870
IRS990/NetAssetsOrFundBalancesEOYAmt084397
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt06750
IRS990/OfficeExpensesGrp/TotalAmt021777
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt03521
IRS990/OtherExpensesGrp/TotalAmt1-24141
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt07942
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07942
IRS990/OtherRevenueTotalAmt07942
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010544
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOSEPH OLCHEFSKE
IRS990/PriorPeriodAdjustmentsAmt0270
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION INDUSTRY DAY
IRS990/ProgramServiceRevenueGrp/Desc2EDVENTURE
IRS990/ProgramServiceRevenueGrp/Desc3COALITION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0172973
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151616
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt248567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0172973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt248567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314153
IRS990/ProgSrvcAccomActy2Grp/Desc0EDVENTURE ANNUAL CONFERENCE - ENTREPRENEURIAL SUCCESS RELIES ON A KEEN AWARENESS OF INDUSTRY TRENDS, AGILITY TO IDENTIFY OPPORTUNITIES THAT CREATE AND SUSTAIN BUSINESS GROWTH, AND VESTED LEADERSHIP FROM INDUSTRY EXPERTS. IT IS PRECISELY THIS LEADERSHIP THAT IS PERHAPS THE HALLMARK OF THE EDUCATION INDUSTRY ASSOCIATION AND THE EDVENTURES CONFERENCE.
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION INDUSTRY DAYS - EIA'S ANNUAL GATHERING FOR EDUCATION ENTREPRENEURS ALLOWS ATTENDEES TO MEET THE DECISION-MAKERS FROM THE ADMINISTRATION AND THE CONGRESS THAT SHAPE THE POLICIES AFFECTING PRE-K THRU 12 GRADE EDUCATION MARKET.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0110000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0117
IRS990/PYOtherExpensesAmt0188866
IRS990/PYOtherRevenueAmt018859
IRS990/PYProgramServiceRevenueAmt0324571
IRS990/PYRevenuesLessExpensesAmt034553
IRS990/PYSalariesCompEmpBnftPaidAmt0230128
IRS990/PYTotalExpensesAmt0418994
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0453547
IRS990/ReconcilationRevenueExpnssAmt0-135743
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0568
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04550
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0568
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/PaymentsForUseOfResidenceInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0177972
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount07091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt028200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVEN PINES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0219974
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0STEVE PINES IS PAID $500 PER MONTH FOR USING HIS HOME AS THE HEADQUARTERS. PER HIS EMPLOYMENT AGREEMENT, "RENT PAID DIRECTLY TO EXECUTIVE AS RENT FOR USE OF EXECUTIVE'S HOME AS AN OFFICE FOR THE BENEFIT OF THE EMPLOYER. PAID MONTHLY TO EXECUTIVE AS A DIRECT PAYMENT AND NOT SUBJECT TO EMPLOYMENT TAXES."
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE TWO CLASSES OF VOTING MEMBERS KNOWN AS "GOVERNING MEMBERS." A GOVERNING MEMBER SHALL BE A PROFESSIONAL EDUCATOR IN PRIVATE PRACTICE WHO DEMONSTRATES HIS OR HER INVOLVEMENT IN A PRIVATE PRACTICE SUCH AS, BUT NOT LIMITED TO, OWNERSHIP OR EMPLOYMENT IN PRIVATE PRACTICE. (A) INDIVIDUAL GOVERNING MEMBER - EACH INDIVIDUAL GOVERNING MEMBER SHALL BE ENTITLED TO ONE VOTE, TO HOLD OFFICE IN THE ASSOCIATION, AND RECEIVE THE BENEFITS OF MEMBERS AND SERVE THE ASSOCIATION IN VARIOUS CAPACITIES AS DETERMINED BY THE ASSOCIATION'S BOARD OF DIRECTORS. (B) CORPORATE/INSTITUTIONAL GOVERNING MEMBER - CORPORATE/INSTITUTIONAL MEMBERS ARE ENTITLED TO DESIGNATE ONE INDIVIDUAL AS A VOTING MEMBER. ONLY ONE MEMBER OF A CORPORATE/INSTITUTIONAL MEMBER MAY HOLD OFFICE IN THE ASSOCIATION AT ANY ONE TIME. CORPORATE/INSTITUTIONAL GOVERNING MEMBERS ARE ENTITLED TO SERVE THE ASSOCIATION IN VARIOUS CAPACITIES AS DETERMINED BY THE ASSOCIATION'S BOARD OF DIRECTORS. REGULAR MEMBER - THERE SHALL BE TWO CLASSES OF NON-VOTING MEMBERS KNOWN AS "REGULAR MEMBERS." A REGULAR MEMBER IS AN INDIVIDUAL OR CORPORATION WHO SUPPORTS THE PURPOSE, GOALS AND OBJECTIVES OF THE ASSOCIATION. (A) REGULAR MEMBERS - INDIVIDUAL - AN INDIVIDUAL REGULAR MEMBER MAY PARTICIPATE IN ASSOCIATION ACTIVITIES, RECEIVE THE BENEFITS OF MEMBERS, AND SERVE THE ASSOCIATION IN VARIOUS CAPACITIES AS DETERMINED BY THE ASSOCIATION'S BOARD OF DIRECTORS. (B) CORPORATE/INSTITUTIONAL REGULAR MEMBER - A CORPORATE/INSTITUTIONAL REGULAR MEMBER MAY PARTICIPATE IN ASSOCIATION ACTIVITIES, RECEIVE THE BENEFITS OF MEMBERS AND SERVE THE ASSOCIATION IN VARIOUS CAPACITIES AS DETERMINED BY THE ASSOCIATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERSONS QUALIFIED TO BE ELECTED AS DIRECTORS OF THE ASSOCIATION SHALL BE NOMINATED AND ELECTED AS FOLLOWS: - THE INITIAL BOARD OF DIRECTORS SHALL DETERMINE A ROTATION SCHEDULE WHICH PROVIDES FOR ONE-THIRD OF THE MEMBERSHIP OF THE BOARD TO BE ELECTED EACH YEAR. - NO DIRECTOR SHALL SERVE MORE THAN THREE CONSECUTIVE THREE-YEAR TERMS. ANY TERM OF SERVICE, AS A DIRECTOR, FOR A PERIOD OF LESS THAN THREE YEARS SHALL NOT BE COUNTED AS A CONSECUTIVE THREE-YEAR TERM FOR PURPOSES OF THIS LIMITATION. - A NOMINATIONS COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS SHALL ANNUALLY SELECT ONE OR MORE NOMINEES FOR EACH BOARD OF DIRECTOR POSITION TO BE ELECTED THAT YEAR. THE BOARD OF DIRECTORS OR ITS DESIGNEE SHALL GIVE WRITTEN NOTICE TO EACH GOVERNING MEMBER, PRIOR TO NOVEMBER 1, OF THE UPCOMING ELECTION, WITH INFORMATION ON EACH NOMINEE, A BALLOT WHICH IDENTIFIES THE NOMINEE(S) AND INCLUDES PROVISION FOR WRITE-IN CANDIDATES, AND INSTRUCTIONS ON VOTING. BALLOTS COMPLETED AND RETURNED TO THE ASSOCIATION OFFICES BY NOVEMBER 20 SHALL BE COUNTED IN THE VOTE FOR EACH DIRECTOR. THE PERSON WHO RECEIVES THE HIGHEST NUMBER OF VOTES CAST FOR EACH DIRECTOR POSITION SHALL BE ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS THE IRS FORM 990 PRIOR TO ITS ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING. ACCORDINGLY, REVENUES AND EXPENSES ARE RECOGNIZED ONLY AS CASH IS RECEIVED OR DISBURSED. RECEIVABLES, PREPAID EXPENSES, ACCRUED EXPENSES, AND ACCOUNTS PAYABLE ARE NOT REFLECTED IN THE COMBINED FINANCIAL STATEMENTS EXCEPT FOR ACCRUALS RELATED TO PAYROLL AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATION INDUSTRY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391915340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0STUDY AND RESEARCH OF THE US EDUCATION SYSTEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03900 JERMANTOWN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FAIRFAX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022030
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00

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