Civic Intelligence

Success in Education Foundation

990 • Fiscal year 2019 • EIN 45-3567196

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 09, 2020

111 East Broadway Ste 900Salt Lake City, UT 84111

(801) 257-3414

Siviq Scores

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

Liabilities / Assets

69th percentile

0.25x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

64th percentile

9.4%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$186,534

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

30%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,719,905

Up $265,835 (+18%) from 2018

Net Assets

Up

$1,287,209

Up $231,136 (+22%) from 2018

Liabilities

Up

$432,696

Up $34,699 (+8.7%) from 2018

Revenue

Up

$2,728,613

Up $637,464 (+30%) from 2018

Expenses

Up

$2,470,864

Up $436,032 (+21%) from 2018

Net Income

Up

$257,749

Up $201,432 (+358%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $440,816Liabilities 2012: $244,443Net Assets 2012: $196,3732012Assets 2013: $556,687Liabilities 2013: $440,980Net Assets 2013: $115,7072013Assets 2014: $521,277Liabilities 2014: $226,357Net Assets 2014: $294,9202014Assets 2015: $672,484Liabilities 2015: $228,435Net Assets 2015: $444,0492015Assets 2016: $794,435Liabilities 2016: $195,507Net Assets 2016: $598,9282016Assets 2017: $1,674,834Liabilities 2017: $675,078Net Assets 2017: $999,7562017Assets 2018: $1,454,070Liabilities 2018: $397,997Net Assets 2018: $1,056,0732018Assets 2019: $1,719,905Liabilities 2019: $432,696Net Assets 2019: $1,287,2092019Assets 2020: $2,174,463Liabilities 2020: $597,714Net Assets 2020: $1,576,7492020Assets 2021: $7,564,005Liabilities 2021: $747,987Net Assets 2021: $6,816,0182021Assets 2022: $6,961,359Liabilities 2022: $337,062Net Assets 2022: $6,624,2972022Assets 2023: $5,601,782Liabilities 2023: $259,160Net Assets 2023: $5,342,6222023Assets 2024: $5,009,401Liabilities 2024: $335,323Net Assets 2024: $4,674,0782024

Highlighted filing

2019

Assets$1,719,905
Liabilities$432,696
Net Assets$1,287,209

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $572,870Expenses 2012: $376,497Net Income 2012: $196,3732012Expenses 2013: $971,0402013Revenue 2014: $1,391,337Expenses 2014: $1,534,124Net Income 2014: -$142,7872014Revenue 2015: $1,596,656Expenses 2015: $1,447,527Net Income 2015: $149,1292015Revenue 2016: $1,714,819Expenses 2016: $1,559,940Net Income 2016: $154,8792016Revenue 2017: $2,098,469Expenses 2017: $1,697,641Net Income 2017: $400,8282017Revenue 2018: $2,091,149Expenses 2018: $2,034,832Net Income 2018: $56,3172018Revenue 2019: $2,728,613Expenses 2019: $2,470,864Net Income 2019: $257,7492019Revenue 2020: $2,592,136Expenses 2020: $2,465,394Net Income 2020: $126,7422020Revenue 2021: $8,489,669Expenses 2021: $3,250,400Net Income 2021: $5,239,2692021Revenue 2022: $3,601,243Expenses 2022: $3,923,905Net Income 2022: -$322,6622022Revenue 2023: $3,510,674Expenses 2023: $4,792,349Net Income 2023: -$1,281,6752023Revenue 2024: $3,948,717Expenses 2024: $4,617,237Net Income 2024: -$668,5202024

Highlighted filing

2019

Revenue$2,728,613
Expenses$2,470,864
Net Income$257,749
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 9, 2020
Return Version
2018v3.2
Gross Receipts
$2,933,897
Mission and Program Overview

Mission

Promote excellence in education and help utah students prepare for post- secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$479,599$909,925▲ $430,326
Cash and Non-Interest-Bearing Accounts$365,272$405,619▲ $40,347
Intangible Assets$597,769$349,014▼ $248,755
Land, Buildings, and Equipment, Net-$34,725-
Prepaid Expenses and Deferred Charges-$20,622-
Accounts Receivable$11,430--
Total Assets$1,454,070$1,719,905▲ $265,835
Liabilities
Grants Payable$144,304$334,369▲ $190,065
Accounts Payable and Accrued Expenses$238,522$69,067▼ $169,455
Deferred Revenue$15,171$29,260▲ $14,089
Total Liabilities$397,997$432,696▲ $34,699
Net Assets / Fund Balance
Temporarily Rstr Net Assets$376,265$883,972▲ $507,707
Unrestricted Net Assets$679,808$403,237▼ $276,571
Total Net Assets Fund Balance$1,056,073$1,287,209▲ $231,136
Total Liabilities and Net Assets / Fund Balance$1,454,070$1,719,905▲ $265,835

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$34,725-$34,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard L FolkersonPresident/exFT$173,759$12,775$186,534
Richard L FolkersonPresident/exec Director-$143,759$42,775$186,534

Board Members and Trustees

NameTitle
Robert H GarffChairman
Alan HallBoard Member
James J JardenBoard Member
Jesselie B AndersonBoard Member
Linda MariottiBoard Member
Nolan E KarrasBoard Member
Richard E KendallBoard Member
Pam HigginsonSecretary
Howard LoweTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AdpPayroll400 W COVINA BOULEVARD, San Dimas, CA 91773$185,454
Merkle INCMarketing29432 NETWORK PLACE, Chicago, IL 60673-1294$145,954
Revenue and Support

Revenue Composition

Contributions and Grants
$2,717,217
Program Service Revenue
$0
Investment Income
$866
Other Revenue
$10,530
All Other Contributions
$2,575,541
Change in Net Assets
$257,749

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table19,924$417,372Redemption Value
Other Non Cash Contri Table104$71,000Cash Value
Total Noncash Contributions20,028$488,372-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,728,613
Revenue Not Reported on Form 990
$132,802
Total Revenue per Audited Statements
$2,861,415
Total Revenue per Form 990
$2,728,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,399,759
Salaries, Compensation, and Employee Benefits$743,305
Grants and Similar Amounts Paid$327,800
Total Fundraising Expense$292,611
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$304,951$82,115$125,124$512,190
Grants to Domestic Individuals$326,000--$326,000
Depreciation Depletion$321,726--$321,726
Fees for Services Other$154,050$3,328$5,552$162,930
Current Officers, Directors, Trustees, and Key Employees$56,000$63,000$21,000$140,000
Information Technology$106,162--$106,162
Office Expenses$71,019$9,356$21,982$102,357
Advertising$96,772$281-$97,053
Payroll Taxes$26,977$10,845$10,921$48,743
Other Expenses$12,718$6$31,375$44,099
Other Employee Benefits$23,451$9,428$9,493$42,372
Conferences and Meetings$7,159$10,495$9,117$26,771
Insurance$5,845$1,377$2,366$9,588
All Other Expenses$1,588$138$237$1,963
Grants to Domestic Orgs$1,800--$1,800
Total Functional Expenses$1,981,608$196,645$292,611$2,470,864

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,603,666
Expenses per Audited Statements$2,470,864
Total Expenses per Form 990$2,470,864
Expenses Not Reported on Form 990$132,802
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$205,284
Fundraising Gross Income$205,284
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishing the Gre$139,818$128,374$1,753$126,621
Hole in One$207,142$76,910$5$76,905
Total Events$346,960$205,284$205,284-
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
Audit committee
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
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

Form 990, Page 6, Part VI, Line 2

Robert garff richard folkerson family relationship robert garff howard lowe business relationship

Form 990, Page 6, Part VI, Line 11B

The board members receive copies of the audit report and the form 990. The form 990 is reconciled to the audited financial statements and reviewed by the officers of the foundation.

Form 990, Page 6, Part VI, Line 19

The organization's governing document and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Success in Education Foundation
EIN
45-3567196
Phone
8012573414
Address
111 EAST BROADWAY STE 900, SALT LAKE CITY, UT 84111

Signing Officer

Name
Jim Campbell
Title
CFO
Phone
8012573414
Signed
2020-07-09

Organization Details

Principal Officer
Richard L Folkerson
Formed
2012
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
7
Employees
13
Volunteers
330

Preparer

Firm
Larson & Company Pc
Address
11240 S RIVER HEIGHTS DR SUITE 300, SOUTH JORDAN, UT 84095-5123
Preparer
Richard Scoresby CPA
Phone
8013131900
Supplemental Narrative

Additional Explanations

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

Keys to success: the goal of the program is to inspire change in the students' lives by motivating, recognizing, and rewarding them for their improvements in educational performance. In the fall of 2018, the keys to success app was launched to provide students with scholarships, internships, and other career opportunities personalized to their chosen career interests. Students can track their progress, receive push notifications, and use additional tools like the act prep and fasfa help to help them unlock their future. The more students interact with the app the more points students earn that can be redeemed for awesome prizes. The app makes it easy for parents to engage with their student's future, goals, and career interests. The 2018-2019 school year ended with 23,000 student app downloads and with 134 million in scholarships/tuition waivers available in the app. During the school year, academic scholarships were awarded to 201 students. The keys to success program also sponsored 62 assemblies and 1 television event. The program provided 62 grand prizes of 300 apple gift cards plus 1 grand prize of a free car overall for the achievement of educational related goals. Over 22,000 key cards were distributed by teachers and redeemed for prizes on the keys to success app. It is estimated that hundreds of thousands of high school students have benefited from this program.

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

Code to success: the goal of the program is to bridge the gap between education and industry by getting students interested in programming and setting them on a successful education pathway in computer science. Provides students with the opportunity to access coding training modules, obtain one-on-one mentoring from experts and take advantage of networking opportunities to pursue internships through a summer coding boot camp. The program was in 18 school districts and served 900 students in our on-campus and online programs. Academic scholarships were awarded to over 30 students during the year. The program provided code to success graduation certificates and high school credit for over 800 students. This certificate is accompanied with a letter of completion of the first three stackable credentials for those students who completed both coding foundations and dissecting react js courses during the six-week program. Stackable credentials and college credit are provided through bottega.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation's returns of organization exempt from income tax (form 990) are subject to examination by the irs generally for three years after they were filed. The foundation believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/MissionDesc0PROMOTE EXCELLENCE IN EDUCATION AND HELP UTAH STUDENTS PREPARE FOR POST- SECONDARY EDUCATION.
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IRS990/OtherExpensesGrp/Desc1MEALS & ENTERTAINMENT
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IRS990/PrincipalOfficerNm0RICHARD L FOLKERSON
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IRS990/ProgSrvcAccomActy2Grp/Desc0ROAD TO SUCCESS: THE GOAL OF THE PROGRAM IS TO PROVIDE INCENTIVES TO HELP STUDENTS ACHIEVE READING GOALS. THE PROGRAM IS INVOLVED WITH 120 ELEMENTARY SCHOOLS, MORE THAN 34,000 STUDENTS AND 1,737 TEACHERS AND ADMINISTRATORS. THE PROGRAM HELPS TO IMPROVE LITERACY, VOCABULARY, AND COMMUNICATION SKILLS BY ENCOURAGING DAILY AND LIFELONG READING HABITS. THE PROGRAM HAS SUPPLIED 2,500 BOOKS TO ELEMENTARY SCHOOLS AS WELL AS PROVIDED OVER 80,000 REWARDS FOR ACHIEVEMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0498629
IRS990/ProgSrvcAccomActy3Grp/Desc0CODE TO SUCCESS: THE GOAL OF THE PROGRAM IS TO BRIDGE THE GAP BETWEEN EDUCATION AND INDUSTRY BY GETTING STUDENTS INTERESTED IN PROGRAMMING AND SETTING THEM ON A SUCCESSFUL EDUCATION PATHWAY IN COMPUTER SCIENCE. PROVIDES STUDENTS WITH THE OPPORTUNITY TO ACCESS CODING TRAINING MODULES, OBTAIN ONE-ON-ONE MENTORING FROM EXPERTS AND TAKE ADVANTAGE OF NETWORKING OPPORTUNITIES TO PURSUE INTERNSHIPS THROUGH A SUMMER CODING BOOT CAMP. THE PROGRAM WAS IN 18 SCHOOL DISTRICTS AND SERVED 900 STUDENTS IN OUR ON-CAMPUS AND ONLINE PROGRAMS. ACADEMIC SCHOLARSHIPS WERE AWARDED TO OVER 30 STUDENTS DURING THE YEAR. THE PROGRAM PROVIDED CODE TO SUCCESS GRADUATION CERTIFICATES AND HIGH SCHOOL CREDIT FOR OVER 800 STUDENTS. THIS CERTIFICATE IS ACCOMPANIED WITH A LETTER OF COMPLETION OF THE FIRST THREE STACKABLE CREDENTIALS FOR THOSE STUDENTS WHO COMPLETED BOTH CODING FOUNDATIONS AND DISSECTING REACT JS COURSES DURING THE SIX-WEEK PROGRAM. STACKABLE CREDENTIALS AND COLLEGE CREDIT ARE PROVIDED THROUGH BOTTEGA.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION CREDIT
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES SCHOLARSHIP MONIES FROM VARIOUS CONTRIBUTORS AND EDUCATIONAL INSTITUTIONS. THESE MONIES ARE HELD AND CONTROLLED BY THE FOUNDATION UNTIL SUCH TIME AS THE SCHOLARSHIPS ARE AWARDED. WHEN THE SCHOLARSHIPS ARE AWARDED, THE FOUNDATION RECORDS THE SCHOLARSHIP PAYABLE. WHEN ALL THE TERMS HAVE BEEN FULFILLED, THE FOUNDATION RECEIVES DOCUMENTATION FROM THE EDUCATIONAL INSTITUTION THAT THE RECEIPIENT HAS REGISTERED FOR CLASSES. PAYMENT IS THEN SENT DIRECTLY TO THE EDUCATIONAL INSTITUTION IN THE NAME OF THE SCHOLARSHIP RECEIPIENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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