Civic Intelligence

Burlington Community School District Educational Foundation

990 • Fiscal year 2023 • EIN 42-1266807

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 22, 2023

1429 West AvenueBurlington, IA 52601-4064

(319) 572-4647

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.73x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

45th percentile

2.6%

Faster asset growth than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-20%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,433,434

Up $62,337 (+2.6%) from 2022

Net Assets

Up

$2,317,434

Up $49,087 (+2.2%) from 2022

Liabilities

Up

$116,000

Up $13,250 (+13%) from 2022

Revenue

Down

$159,280

Down $40,752 (-20%) from 2022

Expenses

Down

$110,193

Down $13,823 (-11%) from 2022

Net Income

Down

$49,087

Down $26,929 (-35%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $880,238Liabilities 2012: $40,179Net Assets 2012: $840,0592012Assets 2013: $964,628Liabilities 2013: $54,774Net Assets 2013: $909,8542013Assets 2015: $1,857,984Liabilities 2015: $57,048Net Assets 2015: $1,800,9362015Assets 2016: $2,085,847Liabilities 2016: $74,271Net Assets 2016: $2,011,5762016Assets 2017: $2,166,170Liabilities 2017: $71,095Net Assets 2017: $2,095,0752017Assets 2018: $2,232,502Liabilities 2018: $79,915Net Assets 2018: $2,152,5872018Assets 2019: $2,269,495Liabilities 2019: $84,550Net Assets 2019: $2,184,9452019Assets 2020: $2,262,407Liabilities 2020: $84,370Net Assets 2020: $2,178,0372020Assets 2021: $2,293,131Liabilities 2021: $100,800Net Assets 2021: $2,192,3312021Assets 2022: $2,371,097Liabilities 2022: $102,750Net Assets 2022: $2,268,3472022Assets 2023: $2,433,434Liabilities 2023: $116,000Net Assets 2023: $2,317,4342023Assets 2024: $2,830,503Liabilities 2024: $119,300Net Assets 2024: $2,711,2032024Assets 2025: $3,001,799Liabilities 2025: $124,250Net Assets 2025: $2,877,5492025

Highlighted filing

2023

Assets$2,433,434
Liabilities$116,000
Net Assets$2,317,434

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $152,194Expenses 2012: $43,741Net Income 2012: $108,4532012Revenue 2013: $126,692Expenses 2013: $56,897Net Income 2013: $69,7952013Revenue 2015: $824,970Expenses 2015: $80,714Net Income 2015: $744,2562015Revenue 2016: $299,263Expenses 2016: $88,623Net Income 2016: $210,6402016Revenue 2017: $183,404Expenses 2017: $99,905Net Income 2017: $83,4992017Revenue 2018: $182,816Expenses 2018: $125,304Net Income 2018: $57,5122018Revenue 2019: $131,144Expenses 2019: $98,786Net Income 2019: $32,3582019Revenue 2020: $112,334Expenses 2020: $119,242Net Income 2020: -$6,9082020Revenue 2021: $144,355Expenses 2021: $130,061Net Income 2021: $14,2942021Revenue 2022: $200,032Expenses 2022: $124,016Net Income 2022: $76,0162022Revenue 2023: $159,280Expenses 2023: $110,193Net Income 2023: $49,0872023Revenue 2024: $498,514Expenses 2024: $104,745Net Income 2024: $393,7692024Revenue 2025: $297,394Expenses 2025: $131,048Net Income 2025: $166,3462025

Highlighted filing

2023

Revenue$159,280
Expenses$110,193
Net Income$49,087
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 22, 2023
Return Version
2022v5.0
Gross Receipts
$159,280
Mission and Program Overview

Mission

Support of public education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,336,639$2,399,533▲ $62,894
Rtn Earn Endowment Incm Other Fnds$2,268,347$2,317,434▲ $49,087
Cash and Non-Interest-Bearing Accounts$34,458$33,901▼ $557
Total Assets$2,371,097$2,433,434▲ $62,337
Liabilities
Grants Payable$102,750$116,000▲ $13,250
Total Liabilities$102,750$116,000▲ $13,250
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,268,347$2,317,434▲ $49,087
Total Liabilities and Net Assets / Fund Balance$2,371,097$2,433,434▲ $62,337
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$159,280
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$159,280
Change in Net Assets
$49,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$109,548
Other Expenses$645
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$89,690--$89,690
Grants to Domestic Orgs$19,858--$19,858
Office Expenses-$395-$395
Fees for Services Accounting-$250-$250
Total Functional Expenses$109,548$645$0$110,193
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Burlington Community SchoolBurlington, IA501 aRefer to Part Iv$19,858
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The number of directors of the corporation shall be not less than ten nor more than twenty-five with the exact number thereof to be determined by resolution of the board of directors from time to time.

Member election for additional members Part VI line 7A

The business and property of the corporation shall be managed and controlled by a board of directors. One-third of the total membership of the board of directors shall be selected annually by written ballot at the annual meeting of the corporation. The directors shall be chosen by ballot at such meetings by a majority of the votes of the directors, voting either in person or by proxy.

Governing body decisions Part VI line 7B

Governing documents, etc, available to public upon request

Form 990 governing body review Part VI line 11

The tax return was reviewed by the treasurer before the return was mailed in

Conflict of interest policy compliance Part VI line 12C

The organization does not have a conflict of interest policy

Governing documents etc available to public Part VI line 19

Financial statements available to public on request

Filing and Contact Details

Filer

Filer Name
Burlington Educational Foundation
EIN
42-1266807
Address
1429 WEST AVENUE, BURLINGTON, IA 52601-4064

Signing Officer

Name
Robert M Osbourne
Title
Treasurer
Phone
3195724647
Signed
2023-08-22
Discuss with paid preparer
No

Organization Details

Formed
1986
Legal Domicile
Ia
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Fma Inc
Address
400 SOUTH ROOSEVELT AVE, BURLINGTON, IA 52601
Preparer
Suzanne E Johnson
Phone
3197547706
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IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS PUBLIC SCHOOL PROJECTS AND GRANTS INCLUDINGMUSIC, VOCATIONAL ARTS,COMPUTER PROGRAMS FOREDUCATION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019858
IRS990/ProgSrvcAccomActy2Grp/GrantAmt019858
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0200032
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0123653
IRS990/PYOtherExpensesAmt0363
IRS990/PYRevenuesLessExpensesAmt076016
IRS990/PYTotalExpensesAmt0124016
IRS990/PYTotalRevenueAmt0200032
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt049087
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02268347
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02317434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0159280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0200032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0144355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt029294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0587083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt058212
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0101850
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0160062
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67790
IRS990ScheduleA/PublicSupportPY170Pct00.52740
IRS990ScheduleA/PublicSupportTotal170Amt0506523
IRS990ScheduleA/SubstantialContributorsTotAmt080560
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0159280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0200032
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0144355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054122
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt029294
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0587083
IRS990ScheduleA/TotalSupportAmt0747145
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/ScheduleBRequiredInd0true
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt089690
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR COLLEGE STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt064
IRS990ScheduleI/RecipientTable/CashGrantAmt019858
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REFER TO PART IV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BURLINGTON COMMUNITY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0426037437
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01429 WEST AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052601
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE COLLEGE OR UNIVERSITYGRANTS ARE PAID DIRECTLY TO THE BURLINGTON COMMUNITY SCHOOL DISTRICT
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1SCHEDULE I PART 2 LINE 1 GRANTS TO SUPPORT PUBLIC EDUCATION
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Additional Information for Schedule I
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE NOT LESS THAN TEN NOR MORE THAN TWENTY-FIVE WITH THE EXACT NUMBER THEREOF TO BE DETERMINED BY RESOLUTION OF THE BOARD OF DIRECTORS FROM TIME TO TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BUSINESS AND PROPERTY OF THE CORPORATION SHALL BE MANAGED AND CONTROLLED BY A BOARD OF DIRECTORS. ONE-THIRD OF THE TOTAL MEMBERSHIP OF THE BOARD OF DIRECTORS SHALL BE SELECTED ANNUALLY BY WRITTEN BALLOT AT THE ANNUAL MEETING OF THE CORPORATION. THE DIRECTORS SHALL BE CHOSEN BY BALLOT AT SUCH MEETINGS BY A MAJORITY OF THE VOTES OF THE DIRECTORS, VOTING EITHER IN PERSON OR BY PROXY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, ETC, AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN WAS REVIEWED BY THE TREASURER BEFORE THE RETURN WAS MAILED IN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS AVAILABLE TO PUBLIC ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02371097
IRS990/TotalAssetsEOYAmt02433434
IRS990/TotalAssetsGrp/BOYAmt02371097
IRS990/TotalAssetsGrp/EOYAmt02433434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0159280
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0645
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109548
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0102750
IRS990/TotalLiabilitiesEOYAmt0116000
IRS990/TotalLiabilitiesGrp/BOYAmt0102750
IRS990/TotalLiabilitiesGrp/EOYAmt0116000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02268347
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02317434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0109548
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159280
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02371097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02433434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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