Civic Intelligence

Educational Resource Center Foundation F/K/A John H Wood Jr Charter District

990 • Fiscal year 2016 • EIN 45-1144651

Sep 01, 2015 to Aug 31, 2016 • Filed on Apr 24, 2017

10325 Bandera RoadSan Antonio, TX 78250

(210) 499-0350

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

27th percentile

-7.5%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

29th percentile

-9.9%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

-3.2%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$383,784

Down $42,327 (-9.9%) from 2015

Net Assets

Down

$380,284

Down $3,199 (-0.8%) from 2015

Liabilities

Down

$3,500

Down $39,128 (-92%) from 2015

Revenue

Down

$42,630

Down $1,406 (-3.2%) from 2015

Expenses

Up

$45,829

Up $32,580 (+246%) from 2015

Net Income

Down

-$3,199

Down $33,986 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,187,970Liabilities 2011: $1,052,254Net Assets 2011: $135,7162011Assets 2012: $1,131,554Liabilities 2012: $971,667Net Assets 2012: $159,8872012Assets 2013: $1,090,789Liabilities 2013: $861,667Net Assets 2013: $229,1222013Assets 2014: $1,052,543Liabilities 2014: $751,667Net Assets 2014: $300,8762014Assets 2015: $426,111Liabilities 2015: $42,628Net Assets 2015: $383,4832015Assets 2016: $383,784Liabilities 2016: $3,500Net Assets 2016: $380,2842016Assets 2017: $341,346Liabilities 2017: $3,750Net Assets 2017: $337,5962017Assets 2018: $326,373Liabilities 2018: $3,624Net Assets 2018: $322,7492018Assets 2019: $314,328Liabilities 2019: $6,431Net Assets 2019: $307,8972019Assets 2020: $297,930Liabilities 2020: $3,650Net Assets 2020: $294,2802020Assets 2021: $279,384Liabilities 2021: $0Net Assets 2021: $279,3842021Assets 2022: $272,977Liabilities 2022: $390Net Assets 2022: $272,5872022Assets 2023: $335,355Liabilities 2023: $41,300Net Assets 2023: $294,0552023Assets 2024: $276,073Liabilities 2024: $43Net Assets 2024: $276,0302024

Highlighted filing

2016

Assets$383,784
Liabilities$3,500
Net Assets$380,284

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $163,510Expenses 2011: $27,794Net Income 2011: $135,7162011Revenue 2012: $73,333Expenses 2012: $49,162Net Income 2012: $24,1712012Expenses 2013: $40,7662013Revenue 2014: $110,000Expenses 2014: $38,246Net Income 2014: $71,7542014Revenue 2015: $44,036Expenses 2015: $13,249Net Income 2015: $30,7872015Revenue 2016: $42,630Expenses 2016: $45,829Net Income 2016: -$3,1992016Revenue 2017: -$27,358Expenses 2017: $15,330Net Income 2017: -$42,6882017Revenue 2018: $0Expenses 2018: $14,847Net Income 2018: -$14,8472018Revenue 2019: $0Expenses 2019: $14,852Net Income 2019: -$14,8522019Revenue 2020: $0Expenses 2020: $13,617Net Income 2020: -$13,6172020Revenue 2021: $0Expenses 2021: $14,896Net Income 2021: -$14,8962021Revenue 2022: $7,589Expenses 2022: $14,386Net Income 2022: -$6,7972022Revenue 2023: $1,074,821Expenses 2023: $1,053,353Net Income 2023: $21,4682023Revenue 2024: $195,476Expenses 2024: $213,501Net Income 2024: -$18,0252024

Highlighted filing

2016

Revenue$42,630
Expenses$45,829
Net Income-$3,199
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Apr 24, 2017
Return Version
2015v3.0
Gross Receipts
$42,630
Mission and Program Overview

Mission

Educational Resource Center Foundation has been created to operate exclusively for the benefit of, perform the functions of, or to carry out the purposes of Educational Resource Center, Inc., a publicly supported organization exempt under Section 501(c)3 of the Internal Revenue Code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$319,119$277,882▼ $41,237
Cash and Non-Interest-Bearing Accounts$106,992$105,902▼ $1,090
Total Assets$426,111$383,784▼ $42,327
Liabilities
Deferred Revenue$42,628$0▼ $42,628
Accounts Payable and Accrued Expenses$0$3,500▲ $3,500
Total Liabilities$42,628$3,500▼ $39,128
Net Assets / Fund Balance
Unrestricted Net Assets$277,073$273,874▼ $3,199
Temporarily Rstr Net Assets$106,410$106,410→ $0
Total Net Assets Fund Balance$383,483$380,284▼ $3,199
Total Liabilities and Net Assets / Fund Balance$426,111$383,784▼ $42,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$277,882$117,472$395,354
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,630
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$37,526$3,711-$41,237
Fees for Services Other$2,450$1,050-$3,500
Other Expenses$306$786-$1,092
Total Functional Expenses$40,282$5,547$0$45,829
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The Form 990 will be distributed to all members for review and any questions regarding the form will be addressed by the person in-charge of giving the information to the CPA firm with the help of the CPA firm tax accountant. Once all have reviewed and approve, they will sign a form noting their review for documentation purposes and kept with the meeting minutes.

Form 990, Part VI, Section B, line 12C

The President reviews the bank statements monthly to monitor and ensure compliance.

Form 990, Part VI, Section C, line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Educational Resource Center Foundation
EIN
45-1144651
Phone
2104990350
Address
10325 BANDERA ROAD, SAN ANTONIO, TX 78250

Signing Officer

Name
Josie Arredondo-holden
Title
President
Phone
2104990350
Signed
2017-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josie Arredondo-holden
Formed
2011
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Randy Walker & Co
Address
7800 IH 10 West Ste 505, San Antonio, TX 78230
Preparer
Randy L Walker CPA
Phone
2103669430
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Total number of volunteers: the volunteer board is included in the number of volunteers.

Form 990, Part XII, Line 2C

The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Educational resource center foundation f/k/a/ john h. Wood, jr. Charter district 10325 bandera road san antonio, tx 78250 employer identification number: 45-1144651 for the year ending august 31, 2016 educational resource center foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016675
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE ROCKSTROH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0186855
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Educational Resource Center Foundation's governing body and management are all volunteers,thus not financially compensated. Bruce Rockstroh, Member, is compensated by Educational Resource Center, Inc., a related organization listed on Form 990, Schedule R. The compensation from a related organization is presented on Schedule J, Part II, Line 1, Row(ii).
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOTAL NUMBER OF VOLUNTEERS: THE VOLUNTEER BOARD IS INCLUDED IN THE NUMBER OF VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be distributed to all members for review and any questions regarding the form will be addressed by the person in-charge of giving the information to the CPA firm with the help of the CPA firm tax accountant. Once all have reviewed and approve, they will sign a form noting their review for documentation purposes and kept with the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President reviews the bank statements monthly to monitor and ensure compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EDUCATIONAL RESOURCE CENTER FOUNDATION F/K/A/ JOHN H. WOOD, JR. CHARTER DISTRICT 10325 BANDERA ROAD SAN ANTONIO, TX 78250 EMPLOYER IDENTIFICATION NUMBER: 45-1144651 FOR THE YEAR ENDING AUGUST 31, 2016 EDUCATIONAL RESOURCE CENTER FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0EDUCATIONAL RESOURCE CENTER FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATIONAL RESOURCE CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0742869255
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010325 BANDERA ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN ANTONIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078250
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt042630
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CALCULATED FROM LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0EDUCATIONAL RESOURCE CENTER INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0106410
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0106410
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0426111
IRS990/TotalAssetsEOYAmt0383784
IRS990/TotalAssetsGrp/BOYAmt0426111
IRS990/TotalAssetsGrp/EOYAmt0383784
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05547
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt040282
IRS990/TotalFunctionalExpensesGrp/TotalAmt045829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042628
IRS990/TotalLiabilitiesEOYAmt03500
IRS990/TotalLiabilitiesGrp/BOYAmt042628
IRS990/TotalLiabilitiesGrp/EOYAmt03500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0383483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0380284
IRS990/TotalOtherCompensationAmt026675
IRS990/TotalProgramServiceExpensesAmt040282
IRS990/TotalProgramServiceRevenueAmt042630
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt042630
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0426111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0383784
IRS990/TotReportableCompRltdOrgAmt0160180
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0277073
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0273874
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010325 BANDERA ROAD
IRS990/USAddress/CityNm0SAN ANTONIO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078250
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSIE ARREDONDO-HOLDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02104990350
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL RESOURCE CENTER FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0F/K/A JOHN H WOOD JR CHARTER DISTRICT
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0451144651

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.20$0.21$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.04$0.29$1.07$1.05$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.01$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.29$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.31$0.00$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.32$0.00$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.03$0.02$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.04$0.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.38$0.04$0.01$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.75$0.30$0.11$0.04$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.86$0.23$0.04
2012Summary only. Only limited summary data is available for this year.$1.13$0.97$0.16$0.07$0.05$0.02
2011Summary only. Only limited summary data is available for this year.$1.19$1.05$0.14$0.16$0.03$0.14