Civic Intelligence

Gardner Edgerton Schools Foundation

990 • Fiscal year 2019 • EIN 48-1084300

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

Organization ProfileSITES.GOOGLE.COM/USD231.COM/USD231FOUNDATION
PO Box 97 231 E MadisonGardner, KS 66030

(913) 856-2000

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

4th percentile

-143%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

5th percentile

-73%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-29%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$270,550

Down $731,844 (-73%) from 2018

Net Assets

Down

$270,550

Down $343,329 (-56%) from 2018

Liabilities

Down

$0

Down $388,515 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin4th percentile

Revenue

Down

$29,997

Down $12,506 (-29%) from 2018

Expenses

Up

$72,865

Up $13,359 (+22%) from 2018

Net Income

Down

-$42,868

Down $25,865 (-152%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $305,533Liabilities 2014: $0Net Assets 2014: $305,5332014Assets 2015: $974,902Liabilities 2015: $362,038Net Assets 2015: $612,8642015Assets 2016: $979,536Liabilities 2016: $371,260Net Assets 2016: $608,2762016Assets 2017: $1,061,330Liabilities 2017: $430,448Net Assets 2017: $630,8822017Assets 2018: $1,002,394Liabilities 2018: $388,515Net Assets 2018: $613,8792018Assets 2019: $270,550Liabilities 2019: $0Net Assets 2019: $270,5502019Assets 2020: $1,071,521Liabilities 2020: $218,466Net Assets 2020: $853,0552020Assets 2021: $1,112,319Liabilities 2021: $194,879Net Assets 2021: $917,4402021Assets 2022: $1,323,494Liabilities 2022: $0Net Assets 2022: $1,323,4942022Assets 2023: $1,361,803Liabilities 2023: $0Net Assets 2023: $1,361,8032023Assets 2024: $1,413,788Liabilities 2024: $0Net Assets 2024: $1,413,7882024Assets 2025: $1,608,179Liabilities 2025: $0Net Assets 2025: $1,608,1792025

Highlighted filing

2019

Assets$270,550
Liabilities$0
Net Assets$270,550
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $275,704Expenses 2014: $7,600Net Income 2014: $268,1042014Revenue 2015: $366,961Expenses 2015: $59,630Net Income 2015: $307,3312015Revenue 2016: $44,372Expenses 2016: $48,962Net Income 2016: -$4,5902016Revenue 2017: $80,085Expenses 2017: $57,479Net Income 2017: $22,6062017Revenue 2018: $42,503Expenses 2018: $59,506Net Income 2018: -$17,0032018Revenue 2019: $29,997Expenses 2019: $72,865Net Income 2019: -$42,8682019Revenue 2020: $48,388Expenses 2020: $48,538Net Income 2020: -$1502020Revenue 2021: $75,566Expenses 2021: $71,783Net Income 2021: $3,7832021Revenue 2022: $540,408Expenses 2022: $176,779Net Income 2022: $363,6292022Revenue 2023: $156,703Expenses 2023: $212,928Net Income 2023: -$56,2252023Revenue 2024: $74,717Expenses 2024: $80,540Net Income 2024: -$5,8232024Revenue 2025: $260,559Expenses 2025: $227,064Net Income 2025: $33,4952025

Highlighted filing

2019

Revenue$29,997
Expenses$72,865
Net Income-$42,868
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$29,997
Mission and Program Overview

Mission

We operate in connection with usd 231 gardner edgerton to develop private funds which will enhance and stimulate the educational experience for students, faculty and staff in the school district.

We enhance and improve educational opportunities for all students of usd 231.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$212,680$213,838▲ $1,158
Cash and Non-Interest-Bearing Accounts$100,738$56,712▼ $44,026
Total Assets$313,418$270,550▼ $42,868
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$307,531$254,203▼ $53,328
Net Assets Without Donor Restrictions$5,887$16,347▲ $10,460
Total Net Assets Fund Balance$313,418$270,550▼ $42,868
Total Liabilities and Net Assets / Fund Balance$313,418$270,550▼ $42,868

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$641,299-▲ $13,691-$615,490
2018$646,980$3,371▲ $14,948-$641,299
2017$665,648-▲ $10,332-$646,980
2016$679,617-▲ $9,031-$665,648
2015$628,610$67,950▲ $10,057-$679,617
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Bryan PippittPresident
Anthony TaylorDirector
Ga BuieDirector
James DeanDirector
Jason JonesDirector
John McintireDirector
Patty FabingDirector
Candace MoorehouseSecretary
Jeremy McfaddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,296
Program Service Revenue
$0
Investment Income
$701
Other Revenue
$0
All Other Contributions
$29,296
Change in Net Assets
$-42,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$67,716
Other Expenses$5,149
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$67,716--$67,716
Fees for Services Accounting-$2,450-$2,450
Insurance-$2,198-$2,198
Information Technology-$250-$250
Conferences and Meetings-$178-$178
Office Expenses-$73-$73
Total Functional Expenses$67,716$5,149$0$72,865
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
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, Part VI, Section B, Line 11B

“Each year, we contract an external accounting firm to assist in the preparation of our irs form 990. Once prepared, our board reviews a complete, unredacted copy of the return. Any necessary changes are communicated back to the external accounting firm so that the return can be updated prior to filing. This process has not changed since our previous return filing.”

Form 990, Part VI, Section C, Line 19

“Our amended and restated bylaws are available for public download at our website: https://sites.google.com/usd231.com/usd231foundation/home. Other organizational documents, such as irs form 1023, irs forms 990 and our articles of incorporation, are available by submitting a written request.”

Filing and Contact Details

Filer

Filer Name
Gardner Edgerton Schools Foundation
EIN
48-1084300
Phone
9138562000
Address
PO BOX 97 231 E MADISON, GARDNER, KS 66030

Signing Officer

Name
Jeremy Mcfadden
Title
Treasurer
Phone
9138562000
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Mcfadden
Formed
1989
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Varney & Associates Cpas LLC
Address
1501 POYNTZ AVENUE, MANHATTAN, KS 66502-6092
Preparer
Eric a Kientz
Phone
7855372202
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“During 2019, we held a fundraising event to assist a usd 231 gardner edgerton family affected by the financial hardship of cancer.”

Part X, Balance Sheet

“We have removed the following assets from our reporting on the balance sheet because these assets are not properly reported in accordance with our cash basis of accounting: line 12 - investments in publicly traded securities line 15 - life insurance policy value to maintain transparency of our investment holdings, we have provided the fair market value of these assets as supplemental information on schedule d in this return. In addition to the above, we have also corrected what was previously reported on line 25 of the balance sheet as an annuity liability. This balance does not represent an obligation of our foundation and is also not consistent with our cash basis of accounting. For these reasons, this balance has been adjusted to $0 for reporting in this return.”

Financial Statement Notes

PART V, LINE 4:

“The bacon scholarship endowment fund is designated for post-secondary scholarships for graduating seniors of gardner edgerton high school, based on academic achievement, community involvement, future goals, and financial assistance needs. The financial resources in this fund are intended to generate annual returns sufficient to fund scholarships over future years on a permanent basis. Annual scholarship award levels will be amended, if needed, to ensure long-term scholarship opportunities.”

IRS Form 990, Part X, Balance Sheet Disclosures

“In addition to cash, we hold investment securities which are not reported on our balance sheet due to our cash basis method of accounting. On december 31, 2019 and 2018, these securities had a fair market value of $341,362 and $300,461, respectively. We also own a life insurance policy which was originally purchased in 2012 at a premium cost of $300,000 to insure the life of a community member supportive of our mission in a manner deemed prudent by our foundation board. Our foundation is the 100% beneficiary of the policy assets, which have been invested from inception of the policy under a managed risk profile asset class. As of december 31, 2019 and 2018, the cash surrender value of this policy was $449,080 and $387,796, respectively. As of december 31, 2019 and 2018, we did not have any outstanding liabilities.”

Raw XML Appendix397 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BACON SCHOLARSHIP ENDOWMENT FUND IS DESIGNATED FOR POST-SECONDARY SCHOLARSHIPS FOR GRADUATING SENIORS OF GARDNER EDGERTON HIGH SCHOOL, BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY INVOLVEMENT, FUTURE GOALS, AND FINANCIAL ASSISTANCE NEEDS. THE FINANCIAL RESOURCES IN THIS FUND ARE INTENDED TO GENERATE ANNUAL RETURNS SUFFICIENT TO FUND SCHOLARSHIPS OVER FUTURE YEARS ON A PERMANENT BASIS. ANNUAL SCHOLARSHIP AWARD LEVELS WILL BE AMENDED, IF NEEDED, TO ENSURE LONG-TERM SCHOLARSHIP OPPORTUNITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN ADDITION TO CASH, WE HOLD INVESTMENT SECURITIES WHICH ARE NOT REPORTED ON OUR BALANCE SHEET DUE TO OUR CASH BASIS METHOD OF ACCOUNTING. ON DECEMBER 31, 2019 AND 2018, THESE SECURITIES HAD A FAIR MARKET VALUE OF $341,362 AND $300,461, RESPECTIVELY. WE ALSO OWN A LIFE INSURANCE POLICY WHICH WAS ORIGINALLY PURCHASED IN 2012 AT A PREMIUM COST OF $300,000 TO INSURE THE LIFE OF A COMMUNITY MEMBER SUPPORTIVE OF OUR MISSION IN A MANNER DEEMED PRUDENT BY OUR FOUNDATION BOARD. OUR FOUNDATION IS THE 100% BENEFICIARY OF THE POLICY ASSETS, WHICH HAVE BEEN INVESTED FROM INCEPTION OF THE POLICY UNDER A MANAGED RISK PROFILE ASSET CLASS. AS OF DECEMBER 31, 2019 AND 2018, THE CASH SURRENDER VALUE OF THIS POLICY WAS $449,080 AND $387,796, RESPECTIVELY. AS OF DECEMBER 31, 2019 AND 2018, WE DID NOT HAVE ANY OUTSTANDING LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1IRS FORM 990, PART X, BALANCE SHEET DISCLOSURES
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt17216
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS FOR STUDENTS GRADUATING FROM USD 231 GARDNER EDGERTON
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1HARDSHIP GRANT FOR FAMILY AFFECTED BY CANCER
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0OUR POLICIES REQUIRE THAT SCHOLARSHIP RECIPIENTS PROVIDE PROOF OF FULL TIME ENROLLMENT INCLUDING A COPY OF THEIR CLASS SCHEDULE PRIOR TO THE ISSUANCE OF PAYMENTS. MOST OF OUR SCHOLARSHIP FUNDS REQUIRE THAT THE PAYMENTS BE MADE DIRECTLY TO THE ELIGIBLE EDUCATIONAL INSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2019, WE HELD A FUNDRAISING EVENT TO ASSIST A USD 231 GARDNER EDGERTON FAMILY AFFECTED BY THE FINANCIAL HARDSHIP OF CANCER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR, WE CONTRACT AN EXTERNAL ACCOUNTING FIRM TO ASSIST IN THE PREPARATION OF OUR IRS FORM 990. ONCE PREPARED, OUR BOARD REVIEWS A COMPLETE, UNREDACTED COPY OF THE RETURN. ANY NECESSARY CHANGES ARE COMMUNICATED BACK TO THE EXTERNAL ACCOUNTING FIRM SO THAT THE RETURN CAN BE UPDATED PRIOR TO FILING. THIS PROCESS HAS NOT CHANGED SINCE OUR PREVIOUS RETURN FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR AMENDED AND RESTATED BYLAWS ARE AVAILABLE FOR PUBLIC DOWNLOAD AT OUR WEBSITE: HTTPS://SITES.GOOGLE.COM/USD231.COM/USD231FOUNDATION/HOME. OTHER ORGANIZATIONAL DOCUMENTS, SUCH AS IRS FORM 1023, IRS FORMS 990 AND OUR ARTICLES OF INCORPORATION, ARE AVAILABLE BY SUBMITTING A WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE HAVE REMOVED THE FOLLOWING ASSETS FROM OUR REPORTING ON THE BALANCE SHEET BECAUSE THESE ASSETS ARE NOT PROPERLY REPORTED IN ACCORDANCE WITH OUR CASH BASIS OF ACCOUNTING: LINE 12 - INVESTMENTS IN PUBLICLY TRADED SECURITIES LINE 15 - LIFE INSURANCE POLICY VALUE TO MAINTAIN TRANSPARENCY OF OUR INVESTMENT HOLDINGS, WE HAVE PROVIDED THE FAIR MARKET VALUE OF THESE ASSETS AS SUPPLEMENTAL INFORMATION ON SCHEDULE D IN THIS RETURN. IN ADDITION TO THE ABOVE, WE HAVE ALSO CORRECTED WHAT WAS PREVIOUSLY REPORTED ON LINE 25 OF THE BALANCE SHEET AS AN ANNUITY LIABILITY. THIS BALANCE DOES NOT REPRESENT AN OBLIGATION OF OUR FOUNDATION AND IS ALSO NOT CONSISTENT WITH OUR CASH BASIS OF ACCOUNTING. FOR THESE REASONS, THIS BALANCE HAS BEEN ADJUSTED TO $0 FOR REPORTING IN THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART X, BALANCE SHEET
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0270550
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067716
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARNEY & ASSOCIATES CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01501 POYNTZ AVENUE
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC A KIENTZ
ReturnHeader/ReturnTs02020-11-13T15:36:34-06:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,550
Liabilities
$0
Net assets
$270,550
Revenue
$29,997
Expenses
$72,865
Net income
-$42,868
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.26$0.23$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.07$0.08$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.16$0.21$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.54$0.18$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.19$0.92$0.08$0.07$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.22$0.85$0.05$0.05$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.03$0.07$0.04
2018Summary only. Only limited summary data is available for this year.$1.00$0.39$0.61$0.04$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.43$0.63$0.08$0.06$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.37$0.61$0.04$0.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.36$0.61$0.37$0.06$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.28$0.01$0.27