Civic Intelligence

Success in Education Foundation

990 • Fiscal year 2022 • EIN 45-3567196

Jul 01, 2021 to Jun 30, 2022 • Filed on May 03, 2023

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

35th percentile

0.05x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

19th percentile

-9.0%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$158,781

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

23rd percentile

-8.0%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-58%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$6,961,359

Down $602,646 (-8.0%) from 2021

Net Assets

Down

$6,624,297

Down $191,721 (-2.8%) from 2021

Liabilities

Down

$337,062

Down $410,925 (-55%) from 2021

Revenue

Down

$3,601,243

Down $4,888,426 (-58%) from 2021

Expenses

Up

$3,923,905

Up $673,505 (+21%) from 2021

Net Income

Down

-$322,662

Down $5,561,931 (-106%) from 2021

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

2022

Assets$6,961,359
Liabilities$337,062
Net Assets$6,624,297

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

2022

Revenue$3,601,243
Expenses$3,923,905
Net Income-$322,662
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.0
Gross Receipts
$4,154,740
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$2,855,278$3,366,739▲ $511,461
Cash and Non-Interest-Bearing Accounts$4,034,232$2,728,293▼ $1,305,939
Pledges and Grants Receivable$533,166$656,941▲ $123,775
Prepaid Expenses and Deferred Charges$27,712$87,379▲ $59,667
Savings and Temporary Cash Investments$60,205$60,205→ $0
Land, Buildings, and Equipment, Net$35,168$55,975▲ $20,807
Accounts Receivable$18,244$5,827▼ $12,417
Total Assets$7,564,005$6,961,359▼ $602,646
Liabilities
Accounts Payable and Accrued Expenses$304,683$223,107▼ $81,576
Grants Payable$331,032$104,532▼ $226,500
Deferred Revenue$112,272$9,423▼ $102,849
Total Liabilities$747,987$337,062▼ $410,925
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,176,054$5,455,800▲ $279,746
Net Assets With Donor Restrictions$1,639,964$1,168,497▼ $471,467
Total Net Assets Fund Balance$6,816,018$6,624,297▼ $191,721
Total Liabilities and Net Assets / Fund Balance$7,564,005$6,961,359▼ $602,646

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,671$37,025$67,696
Equipment$25,304$5,933$31,237
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard L FolkersonPresident/exFT$147,369$11,412$158,781
Richard L FolkersonPresident/exec Director-$112,369$46,412$158,781
Kaitlin DietrichSecretaryFT$55,251$9,324$64,575

Board Members and Trustees

NameTitle
Katharine B GarffChair
Dave WoolstenhulmeBoard Member
David PetersenBoard Member
James JardineBoard Member
Jeff StephensBoard Member
Jesselie B AndersonBoard Member
Nolan E KarrasBoard Member
Patricia JonesBoard Member
Richard E KendallBoard Member
Ron JibsonBoard Member
Trent KaufmanBoard Member
Jim CampbellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hoverstate 20Marketing21031 VENTURA BLVD SUITE 320, Woodland Hills, CA 91364$1,808,603
Revenue and Support

Revenue Composition

Contributions and Grants
$3,600,995
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$248
All Other Contributions
$2,602,066
Change in Net Assets
$-322,662

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 Table4$175,689Redemption Value
Other Non Cash Contri Table1$128,387Fair Market Value (FMV)
Other Non Cash Contri Table1$6,036Redemption Value
Total Noncash Contributions6$310,112-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,601,243
Revenue Not Reported on Form 990
$128,962
Total Revenue per Audited Statements
$3,730,205
Total Revenue per Form 990
$3,601,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,219,070
Salaries, Compensation, and Employee Benefits$1,469,947
Total Fundraising Expense$466,246
Grants and Similar Amounts Paid$234,888
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,220,865$655$1,526$1,223,046
Other Salaries and Wages$676,415$134,091$234,310$1,044,816
Fees for Services Other$165,334$126,921$952$293,207
Current Officers, Directors, Trustees, and Key Employees$173,200$34,335$59,996$267,531
Office Expenses$74,650$21,115$43,215$138,980
Grants to Domestic Individuals$123,388--$123,388
Grants to Domestic Orgs$111,500--$111,500
Payroll Taxes$65,964$13,077$22,850$101,891
Advertising$64,946$950$18$65,914
Other Expenses$6,575$5,580$49,088$61,243
Other Employee Benefits$33,308$6,603$11,538$51,449
Fees for Services Accounting$16,891$12,967$97$29,955
Travel$12,504$3,168$3,965$19,637
Information Technology$18,074$1,518-$19,592
Fees for Services Legal$10,226$7,850$59$18,135
Insurance$500$11,983$2,855$15,338
Conferences and Meetings$7,481$1,477$1,849$10,807
All Other Expenses--$5,000$5,000
Pension Plan Contributions$2,758$547$955$4,260
Total Functional Expenses$3,074,700$382,959$466,246$3,923,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,195,426
Expenses per Audited Statements$3,923,905
Total Expenses per Form 990$3,923,905
Expenses Not Reported on Form 990$271,521
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpine School District EsportsAmerican Fork, UT-E-sport Clubs$12,000
Wcsd Foundation EsportsSt George, UT-E-sport Clubs$12,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$553,497
Fundraising Gross Income$553,497
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clay Shoot$527,550$244,135$16,759$227,376
Hole in One$526,220$177,721$22,887$154,834
Total Events$1,552,426$553,497$553,497-
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 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

Form 990, Page 6, Part VI, Line 2

Katharine b. Garff richard folkerson family 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
Richard L Folkerson
Title
President/exec Director
Phone
8012573414
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Folkerson
Formed
2012
Legal Domicile
Ut
Voting Board Members
12
Independent Board Members
11
Employees
23
Volunteers
200

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, connecting, 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 students' future, goals, and career interests. The 2021-2022 school year ended with 101,625 student app downloads and with 160 million in scholarships/tuition waivers available in the app. During the school year, academic scholarships were awarded to 178 students. The keys to success program also sponsored 1 statewide assembly video, accompanied by virtual assembly livestreams for 180 schools, and 1 television event. The program provided 19,500 prizes and incentives for students, with one grand prize of a car giveaway.

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

Code to success & esports: the purpose of code to success is to provide coding and web development principles for students interested in computer science. This program bridges the gap between education and industry by getting students interested in programming and setting them on a successful education pathway. The 2021-2022 program had 295 utah students actively engaged, with a 76% of those students completing the program. A new cybersecurity course was piloted for two weeks of the program. Student feedback of the cybersecurity program was excellent. The program provided code to success graduation certificates for students who completed the program. These certificates were accompanied by 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 opportunities were provided through bottega. The purpose of ken garff esports is to enhance and enrich scholastic experiences through and beyond gaming. In the 2021-2022 school year, there were 73 middle and high school "ken garff esports" clubs throughout the state of utah. The foundation provided 1,500 grants to support each club, totaling 109,500. In the 2021-2022 school year, ken garff esports held two major events, the "fall festival- and the "spring celebration" where we reached more than 700 students statewide. In partnership with the university of utah's entertainment arts and engineering program, we announced a 10,000 scholarship fund, exclusively reserved for ken garff esports club students.

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

Women who succeed: the purpose of women who succeed is to provide opportunities for girls and young women to grow in confidence and leadership skills. We do this through providing mentoring, scholarships, internships, and networking opportunities. During the 2021-2022 school year, 261 young women received mentorship, 32 interns were placed, and 53,000 were awarded in scholarship dollars to 25 young women.

Form 990, Part XI, Line 9

Uncollectible pledges -142,559

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 for three years after the date 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.

Schedule D, Page 4, Part XI, Line 2D

Uncollectible pledges -142,559

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IRS990/ProgSrvcAccomActy2Grp/Desc0CODE TO SUCCESS & ESPORTS: THE PURPOSE OF CODE TO SUCCESS IS TO PROVIDE CODING AND WEB DEVELOPMENT PRINCIPLES FOR STUDENTS INTERESTED IN COMPUTER SCIENCE. THIS PROGRAM BRIDGES THE GAP BETWEEN EDUCATION AND INDUSTRY BY GETTING STUDENTS INTERESTED IN PROGRAMMING AND SETTING THEM ON A SUCCESSFUL EDUCATION PATHWAY. THE 2021-2022 PROGRAM HAD 295 UTAH STUDENTS ACTIVELY ENGAGED, WITH A 76% OF THOSE STUDENTS COMPLETING THE PROGRAM. A NEW CYBERSECURITY COURSE WAS PILOTED FOR TWO WEEKS OF THE PROGRAM. STUDENT FEEDBACK OF THE CYBERSECURITY PROGRAM WAS EXCELLENT. THE PROGRAM PROVIDED CODE TO SUCCESS GRADUATION CERTIFICATES FOR STUDENTS WHO COMPLETED THE PROGRAM. THESE CERTIFICATES WERE ACCOMPANIED BY 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 OPPORTUNITIES WERE PROVIDED THROUGH BOTTEGA. THE PURPOSE OF KEN GARFF ESPORTS IS TO ENHANCE AND ENRICH SCHOLASTIC EXPERIENCES THROUGH AND BEYOND GAMING. IN THE 2021-2022 SCHOOL YEAR, THERE WERE 73 MIDDLE AND HIGH SCHOOL "KEN GARFF ESPORTS" CLUBS THROUGHOUT THE STATE OF UTAH. THE FOUNDATION PROVIDED 1,500 GRANTS TO SUPPORT EACH CLUB, TOTALING 109,500. IN THE 2021-2022 SCHOOL YEAR, KEN GARFF ESPORTS HELD TWO MAJOR EVENTS, THE "FALL FESTIVAL- AND THE "SPRING CELEBRATION" WHERE WE REACHED MORE THAN 700 STUDENTS STATEWIDE. IN PARTNERSHIP WITH THE UNIVERSITY OF UTAH'S ENTERTAINMENT ARTS AND ENGINEERING PROGRAM, WE ANNOUNCED A 10,000 SCHOLARSHIP FUND, EXCLUSIVELY RESERVED FOR KEN GARFF ESPORTS CLUB STUDENTS.
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