Civic Intelligence

Education Industry Association Inc

990 • Fiscal year 2015 • EIN 39-1754449

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 04, 2016

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

95th percentile

0.78x

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.15x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

9th percentile

-28%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

70th percentile

$3,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

2nd percentile

-78%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-58%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$23,949

Down $86,177 (-78%) from 2014

Net Assets

Down

$5,220

Down $79,177 (-94%) from 2014

Liabilities

Down

$18,729

Down $7,000 (-27%) from 2014

Revenue

Down

$129,099

Down $175,715 (-58%) from 2014

Expenses

Down

$165,261

Down $275,296 (-62%) from 2014

Net Income

Up

-$36,162

Up $99,581 (+73%) from 2014

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

2015

Assets$23,949
Liabilities$18,729
Net Assets$5,220

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

2015

Revenue$129,099
Expenses$165,261
Net Income-$36,162
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 4, 2016
Return Version
2015v2.1
Gross Receipts
$129,099
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$109,558$23,949▼ $85,609
Land, Buildings, and Equipment, Net$568$0▼ $568
Total Assets$110,126$23,949▼ $86,177
Liabilities
Accounts Payable and Accrued Expenses$25,729$18,729▼ $7,000
Total Liabilities$25,729$18,729▼ $7,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$73,033$0▼ $73,033
Unrestricted Net Assets$11,364$5,220▼ $6,144
Total Net Assets Fund Balance$84,397$5,220▼ $79,177
Total Liabilities and Net Assets / Fund Balance$110,126$23,949▼ $86,177

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$4,550$4,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James GiovanniniExecutive DirectorPT$3,000$3,000

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
$0
Program Service Revenue
$125,972
Investment Income
$23
Other Revenue
$3,104
Change in Net Assets
$-36,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,052
Salaries, Compensation, and Employee Benefits$2,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$66,751
Fees for Services Other---$36,865
Fees for Services Accounting---$28,055
Office Expenses---$10,275
Travel---$7,675
Advertising---$3,702
Information Technology---$2,355
Other Salaries and Wages---$2,209
Insurance---$2,019
Other Expenses---$1,030
Fees for Services Legal---$775
Depreciation Depletion---$568
Total Functional Expenses$0$0$0$165,261
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
2016-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Olchefske
Formed
1990
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

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 IX, line 11G

PR Fees 2,500. SUBCONTRACTORS 34,365.

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/PersonNm17JAMES GIOVANNINI
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IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03104
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03104
IRS990/OtherRevenueTotalAmt03104
IRS990/OtherSalariesAndWagesGrp/TotalAmt02209
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Joseph Olchefske
IRS990/PriorPeriodAdjustmentsAmt0-43015
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Membership DUES
IRS990/ProgramServiceRevenueGrp/Desc1Education Industry Day
IRS990/ProgramServiceRevenueGrp/Desc2EDVENTURE
IRS990/ProgramServiceRevenueGrp/Desc3Coalition Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126869
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217609
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt316914
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126869
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316914
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/PYContributionsGrantsAmt09467
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt096
IRS990/PYOtherExpensesAmt0210040
IRS990/PYOtherRevenueAmt07942
IRS990/PYProgramServiceRevenueAmt0287309
IRS990/PYRevenuesLessExpensesAmt0-135743
IRS990/PYSalariesCompEmpBnftPaidAmt0230517
IRS990/PYTotalExpensesAmt0440557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0304814
IRS990/ReconcilationRevenueExpnssAmt0-36162
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04550
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04550
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt5PR Fees 2,500. SUBCONTRACTORS 34,365.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 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
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt073033
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0110126
IRS990/TotalAssetsEOYAmt023949
IRS990/TotalAssetsGrp/BOYAmt0110126
IRS990/TotalAssetsGrp/EOYAmt023949
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0165261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025729
IRS990/TotalLiabilitiesEOYAmt018729
IRS990/TotalLiabilitiesGrp/BOYAmt025729
IRS990/TotalLiabilitiesGrp/EOYAmt018729
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084397
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05220
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0125972
IRS990/TotalReportableCompFromOrgAmt03000
IRS990/TotalRevenueGrp/ExclusionAmt023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0129076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0129099
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0110126
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023949
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt07675
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt011364
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05220
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03900 JERMANTOWN ROAD No 300
IRS990/USAddress/CityNm0FAIRFAX
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022030

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