Civic Intelligence

Brewers Educational Foundation

990 • Fiscal year 2015 • EIN 47-3551897

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 15, 2017

C/O JB Holdings Inc 8500 Zuni StDenver, CO 80260

(303) 635-6556

Siviq Scores

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

Liabilities / Assets

98th percentile

2.24x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

1.28x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

4th percentile

-71%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$322,711

No earlier filing loaded for comparison.

Net Assets

-$401,706

No earlier filing loaded for comparison.

Liabilities

$724,417

No earlier filing loaded for comparison.

Revenue

$564,629

No earlier filing loaded for comparison.

Expenses

$966,335

No earlier filing loaded for comparison.

Net Income

-$401,706

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2015: $322,711Liabilities 2015: $724,417Net Assets 2015: -$401,7062015Assets 2016: $142,882Liabilities 2016: $3,800Net Assets 2016: $139,0822016Assets 2017: $116,153Liabilities 2017: $0Net Assets 2017: $116,1532017Assets 2019: $24,854Liabilities 2019: $02019

Highlighted filing

2015

Assets$322,711
Liabilities$724,417
Net Assets-$401,706

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $564,629Expenses 2015: $966,335Net Income 2015: -$401,7062015Revenue 2016: $569,108Expenses 2016: $28,320Net Income 2016: $540,7882016Revenue 2017: $0Expenses 2017: $26,729Net Income 2017: -$26,7292017Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019

Highlighted filing

2015

Revenue$564,629
Expenses$966,335
Net Income-$401,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$574,963
Mission and Program Overview

Mission

The mission of Brewers Educational Foundation is to provide scholarships to students and grants to education programs in the effort to advance fermentation sciences and technology, craft brewing and creativity. Education programs in fermentation sciences need resources and students to fully explore the possibilities in craft brewing.

To provide scholarships for students in fermentation science programs and to provide grants and gifts to advance craft brewing skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$169,543▲ $169,543
Land, Buildings, and Equipment, Net$0$72,404▲ $72,404
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-401,706▼ $401,706
Total Assets$0$322,711▲ $322,711
Other Assets Total$0$80,764▲ $80,764
Liabilities
Other Liabilities$0$717,764▲ $717,764
Accounts Payable and Accrued Expenses$0$6,653▲ $6,653
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$724,417▲ $724,417
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-401,706▼ $401,706
Total Liabilities and Net Assets / Fund Balance$0$322,711▲ $322,711

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$67,345$3,279$70,624
Equipment$5,059$266$5,325
Leasehold Improvements$0$0$0
Other Assets Org$80,764--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Erin E DeanPresident/Director
Rodger A DeanSecretary/Director
David M OldhamTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$574,963
Investment Income
$0
Other Revenue
$-10,334
Change in Net Assets
$-401,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$966,335
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
All Other Expenses$249,734--$249,734
Advertising$76,222--$76,222
Other Expenses$35,000$0$0$35,000
Insurance$17,880$100-$17,980
Fees for Services Legal-$17,470-$17,470
Travel-$16,602-$16,602
Interest-$9,454-$9,454
Depreciation Depletion-$3,546-$3,546
Office Expenses-$737-$737
Fees for Services Other-$135-$135
Total Functional Expenses$914,529$51,806$0$966,335
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Miller Intl Inc.$717,764
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A and 11B - Policies

================================================================= All members of the governing body will have access to the completed Form 990 before filing the form with the IRS and other tax authorities. =================================================================

Form 990, Part VI, Section A, Line 2 - Governing Body & Mgmt.

================================================================= Rodger A. Dean is brother-in-law to Erin E. Dean. =================================================================

Form 990, Part VI, Section C, Line 19 - Disclosure

================================================================= the brewers educational foundation's financial reports, detailed financial statements, and other governing documents, including its conflict of interest policy, are made available to the public upon request. =================================================================

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

================================================================= conflicts of interest are monitored by the governing board. The brewers educational foundation annually requires all directors, principal officers, and members of a committee with a governing board delegated power to disclose any conflicts of interest that they may have with the brewers educational foundation. All potential conflicts of interest are reviewed by the governing board and any reportable incidents will be discussed and voted on at the governing board or committee meetings. =================================================================

Filing and Contact Details

Filer

Filer Name
Brewers Educational Foundation
EIN
47-3551897
In Care Of
% ERIN E DEAN
Phone
3036356556
Address
C/O JB Holdings Inc 8500 Zuni St, Denver, CO 80260

Signing Officer

Name
Erin E Dean
Title
president
Phone
3032989600
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin E Dean
Formed
2015
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
150

Preparer

Firm
Hein & Associates Llp
Address
1999 BROADWAY SUITE 4000, DENVER, CO 80202
Preparer
Alison T Dunnebecke
Phone
3032989600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E - Statement of Functional Expenses

================================================================= Outside Contract Services Expenses totaled $531,565 in 2015. These expenses are classified as other expenses on Part IX and exceed 10% of total function expenses related to program services. Design/lighting expenses totaled $146,379 in 2015. These expenses are classified as other expenses on Part IX and exceed 10% of total function expenses related to program services. =================================================================

Form 990, Part III, Line 4A - Stmt. of Program Services Accomp.

================================================================= Significant program services that were undertaken during the current year include the Rocky Mountain Oktoberfest. This is a Munich style Oktoberfest that showcases Colorado craft beers, which includes presentations about fermentation sciences and technology, as well as fundraising for educational grants and scholarships. The event was held in Denver, Colorado, for three days in September. =================================================================

Form 990 Part IX Line 24 - Other Expenses

Description:permits total expenses:580 program services:580 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:audio/video production total expenses:83330 program services:83330 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:design/lighting total expenses:146379 program services:146379 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:general program service exp. Total expenses:18657 program services:18657 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:volunteer expenses total expenses:788 program services:788 management and general:fundraising:

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-401706
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0515000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0515000
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0515000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0515000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt059693
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt059693
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt059693
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0515000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0515000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0574693
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0574693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0574693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0574693
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05059
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05325
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt080764
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVENTORY ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt067345
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03279
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0717764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - MILLER INTL INC.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072404
IRS990ScheduleD/TotalBookValueOtherAssetsAmt080764
IRS990ScheduleD/TotalLiabilityAmt0717764
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0================================================================= All members of the governing body will have access to the completed Form 990 before filing the form with the IRS and other tax authorities. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1================================================================= Outside Contract Services Expenses totaled $531,565 in 2015. These expenses are classified as other expenses on Part IX and exceed 10% of total function expenses related to program services. Design/lighting expenses totaled $146,379 in 2015. These expenses are classified as other expenses on Part IX and exceed 10% of total function expenses related to program services. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2================================================================= Significant program services that were undertaken during the current year include the Rocky Mountain Oktoberfest. This is a Munich style Oktoberfest that showcases Colorado craft beers, which includes presentations about fermentation sciences and technology, as well as fundraising for educational grants and scholarships. The event was held in Denver, Colorado, for three days in September. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3================================================================= Rodger A. Dean is brother-in-law to Erin E. Dean. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4================================================================= THE BREWERS EDUCATIONAL FOUNDATION'S FINANCIAL REPORTS, DETAILED FINANCIAL STATEMENTS, AND OTHER GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5================================================================= CONFLICTS OF INTEREST ARE MONITORED BY THE GOVERNING BOARD. THE BREWERS EDUCATIONAL FOUNDATION ANNUALLY REQUIRES ALL DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF A COMMITTEE WITH A GOVERNING BOARD DELEGATED POWER TO DISCLOSE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE WITH THE BREWERS EDUCATIONAL FOUNDATION. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE GOVERNING BOARD AND ANY REPORTABLE INCIDENTS WILL BE DISCUSSED AND VOTED ON AT THE GOVERNING BOARD OR COMMITTEE MEETINGS. =================================================================
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:PERMITS TOTAL EXPENSES:580 PROGRAM SERVICES:580 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:AUDIO/VIDEO PRODUCTION TOTAL EXPENSES:83330 PROGRAM SERVICES:83330 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:DESIGN/LIGHTING TOTAL EXPENSES:146379 PROGRAM SERVICES:146379 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:GENERAL PROGRAM SERVICE EXP. TOTAL EXPENSES:18657 PROGRAM SERVICES:18657 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:VOLUNTEER EXPENSES TOTAL EXPENSES:788 PROGRAM SERVICES:788 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a and 11b - Policies
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e - Statement of Functional Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4a - Stmt. of Program Services Accomp.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 2 - Governing Body & Mgmt.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19 - Disclosure
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c - Policies
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0322711
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0322711
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051806
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0914529
IRS990/TotalFunctionalExpensesGrp/TotalAmt0966335
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0724417
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0724417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-401706
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0914529
IRS990/TotalProgramServiceRevenueAmt0574963
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0574963
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0564629
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0322711
IRS990/TotReportableCompRltdOrgAmt00

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