Civic Intelligence

Educational Holdings Foundation Inc

990 • Fiscal year 2018 • EIN 46-2564773

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 16, 2019

3445 Peachtree Rd NE Suite 175Atlanta, GA 30326

(404) 233-4339

Siviq Scores

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

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

184.12x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

1st percentile

-681%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

24th percentile

-2.7%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-33%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$58,517,543

Down $1,597,226 (-2.7%) from 2017

Net Assets

Down

$13,810,445

Down $1,654,797 (-11%) from 2017

Liabilities

Up

$44,707,098

Up $57,571 (+0.1%) from 2017

Revenue

Down

$242,821

Down $117,199 (-33%) from 2017

Expenses

Down

$1,897,618

Down $20,866 (-1.1%) from 2017

Net Income

Down

-$1,654,797

Down $96,333 (-6.2%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2013: $69,213,074Liabilities 2013: $49,594,885Net Assets 2013: $19,618,1892013Assets 2014: $66,670,452Liabilities 2014: $46,399,218Net Assets 2014: $20,271,2342014Assets 2015: $64,259,747Liabilities 2015: $45,743,223Net Assets 2015: $18,516,5242015Assets 2016: $61,627,662Liabilities 2016: $44,603,956Net Assets 2016: $17,023,7062016Assets 2017: $60,114,769Liabilities 2017: $44,649,527Net Assets 2017: $15,465,2422017Assets 2018: $58,517,543Liabilities 2018: $44,707,098Net Assets 2018: $13,810,4452018Assets 2019: $57,096,240Liabilities 2019: $44,764,799Net Assets 2019: $12,331,4412019Assets 2020: $55,308,290Liabilities 2020: $44,635,901Net Assets 2020: $10,672,3892020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$58,517,543
Liabilities$44,707,098
Net Assets$13,810,445

Operations Trend

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

$20M$10M$0-$10MRevenue 2013: $19,627,481Expenses 2013: $9,292Net Income 2013: $19,618,1892013Revenue 2014: $1,464,796Expenses 2014: $811,751Net Income 2014: $653,0452014Revenue 2015: $161,273Expenses 2015: $1,915,983Net Income 2015: -$1,754,7102015Revenue 2016: $420,020Expenses 2016: $1,912,838Net Income 2016: -$1,492,8182016Revenue 2017: $360,020Expenses 2017: $1,918,484Net Income 2017: -$1,558,4642017Revenue 2018: $242,821Expenses 2018: $1,897,618Net Income 2018: -$1,654,7972018Revenue 2019: $430,821Expenses 2019: $1,909,825Net Income 2019: -$1,479,0042019Revenue 2020: $206,764Expenses 2020: $1,865,816Net Income 2020: -$1,659,0522020Revenue 2021: $100,500Expenses 2021: $6,335Net Income 2021: $94,1652021

Highlighted filing

2018

Revenue$242,821
Expenses$1,897,618
Net Income-$1,654,797
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 16, 2019
Return Version
2018v3.1
Gross Receipts
$242,821
Mission and Program Overview

Mission

The educational holdings foundation operates exclusively to serve the needs and interests of drew charter school, inc., and other publicly supported organizations which promote the education and welfare of the residents of the east lake community in atlanta, ga.

The educational holdings foundation, operates exclusively to serve the needs and interests of drew charter school, inc., and other publicly supported organizations which promote the education and welfare of the residents of the east lake community in atlanta, ga.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,137,516$57,849,399▼ $1,288,117
Rtn Earn Endowment Incm Other Fnds$15,465,242$13,810,445▼ $1,654,797
Cash and Non-Interest-Bearing Accounts$134,424$26,900▼ $107,524
Accounts Receivable$70$0▼ $70
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$60,114,769$58,517,543▼ $1,597,226
Other Assets Total$842,759$641,244▼ $201,515
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,412,438$44,444,295▲ $31,857
Accounts Payable and Accrued Expenses$237,089$262,803▲ $25,714
Total Liabilities$44,649,527$44,707,098▲ $57,571
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,465,242$13,810,445▼ $1,654,797
Total Liabilities and Net Assets / Fund Balance$60,114,769$58,517,543▼ $1,597,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,844,722$5,679,958$51,524,680
Land$12,004,677-$12,004,677
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lawrence SchallDirector & Chair
Gregory J GiornelliPresident
William C WrenVice President
Cynthia KuhlmanDirector
David EdwardsDirector
Amy ClarkeSecretary
Sam MossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,801
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20
All Other Contributions
$242,801
Change in Net Assets
$-1,654,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$242,821
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$242,821
Total Revenue per Form 990
$242,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,897,618
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$1,288,117--$1,288,117
Interest$358,658--$358,658
Fees for Services Management$158,000--$158,000
Fees for Services Accounting$31,515$11,955-$43,470
Insurance-$11,514-$11,514
Other Expenses$12,000$15-$15
Total Functional Expenses$1,874,004$23,614$0$1,897,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,897,618
Total Expenses per Audited Statements$1,897,618
Total Expenses per Form 990$1,897,618
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Sam moss, ms. Amy clarke, and ms. Cynthia kulman are employees of cf foundation. William wren is a board member of purpose built communities llc. David edwards and greg giornelli are employees of purpose built communities llc.

Form 990, Part VI, Section A, Line 7A

The foundation's board is appointed 1/3 by the east lake foundation, inc., 1/3 by cf foundation, inc., and 1/3 by the drew charter school, inc.

Form 990, Part VI, Section B, Line 11B

The return was reviewed by the vice president of the foundation and other key employees, and given to the organization's governing body prior to filing.

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

All board members complete a questionnaire annually to ensure compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Educational Holdings Foundation Inc
EIN
46-2564773
Phone
4042334339
Address
3445 PEACHTREE RD NE SUITE 175, ATLANTA, GA 30326

Signing Officer

Name
William C Wren
Title
Vice President
Phone
4042334339
Signed
2019-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William C Wren
Formed
2013
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Warren Averett LLC
Address
SIX CONCOURSE PARKWAY SUITE 600, ATLANTA, GA 30328
Preparer
Adam Repasy
Phone
7703961100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There are no changes in process from the prior year.

Raw XML Appendix392 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATIONAL HOLDINGS FOUNDATION, INC. HAS PROVIDED CRITICAL SUPPORT IN THE DEVELOPMENT, FINANCING AND CONSTRUCTION OF A NEW JUNIOR AND SENIOR ACADEMY, A NONPROFIT, 501(C)(3) SCHOOL IN ATLANTA SERVING PRIMARILY LOW INCOME STUDENTS.
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012004677
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0242821
IRS990ScheduleD/TotalBookValueLandBuildingsAmt057849399
IRS990ScheduleD/TotalExpensesPerForm990Amt01897618
IRS990ScheduleD/TotalRevenuePerForm990Amt0242821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0242821
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01897618
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SAM MOSS, MS. AMY CLARKE, AND MS. CYNTHIA KULMAN ARE EMPLOYEES OF CF FOUNDATION. WILLIAM WREN IS A BOARD MEMBER OF PURPOSE BUILT COMMUNITIES LLC. DAVID EDWARDS AND GREG GIORNELLI ARE EMPLOYEES OF PURPOSE BUILT COMMUNITIES LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BOARD IS APPOINTED 1/3 BY THE EAST LAKE FOUNDATION, INC., 1/3 BY CF FOUNDATION, INC., AND 1/3 BY THE DREW CHARTER SCHOOL, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN WAS REVIEWED BY THE VICE PRESIDENT OF THE FOUNDATION AND OTHER KEY EMPLOYEES, AND GIVEN TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE ARE NO CHANGES IN PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EDUCATIONAL HOLDINGS FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1EDUCATIONAL HOLDINGS FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATIONAL REAL ESTATE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1EDUCATIONAL REAL ESTATE II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461801317
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt058517543
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0CONSTRUCTION & FINANCING OF NONPROFIT 501(C)(3) JR. AND SR. ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1OVERSEE PROGRAMS & ACTIVITIES FOR EDUCATIONAL HOLDINGS FOUNDATION, INC.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0242811
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt110
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03445 PEACHTREE ROAD NE STE 175
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt13445 PEACHTREE ROAD NE STE 175
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1ATLANTA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd030326
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd130326
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt060114769
IRS990/TotalAssetsEOYAmt058517543
IRS990/TotalAssetsGrp/BOYAmt060114769
IRS990/TotalAssetsGrp/EOYAmt058517543
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0242801
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023614
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01874004
IRS990/TotalFunctionalExpensesGrp/TotalAmt01897618
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044649527
IRS990/TotalLiabilitiesEOYAmt044707098
IRS990/TotalLiabilitiesGrp/BOYAmt044649527
IRS990/TotalLiabilitiesGrp/EOYAmt044707098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015465242
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013810445
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01874004
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242821
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060114769
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt058517543
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03445 PEACHTREE RD NE SUITE 175
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030326
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM C WREN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04042334339
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL HOLDINGS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0462564773
ReturnHeader/Filer/PhoneNum04042334339
ReturnHeader/Filer/USAddress/AddressLine1Txt03445 PEACHTREE RD NE SUITE 175
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030326
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId021960495D216544AACD40B5C8FC441FF32D9687A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.136.244.2
ReturnHeader/FilingSecurityInformation/IPDt02019-07-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:37:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARREN AVERETT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0SIX CONCOURSE PARKWAY SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030328
ReturnHeader/PreparerPersonGrp/PhoneNum07703961100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADAM REPASY
ReturnHeader/ReturnTs02019-07-29T13:56:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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