Civic Intelligence

Fund for Educational Excellence Inc.

990 • Fiscal year 2014 • EIN 52-1129402

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 15, 2014

800 North Charles StreetSuite STE 40021201

(410) 685-8300

Siviq Scores

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

Liabilities / Assets

46th percentile

0.15x

Higher debt load relative to assets than 46% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.22x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

58th percentile

5.1%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

74th percentile

$186,629

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

19th percentile

-9.7%

Faster revenue growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2014

Assets

Up

$7,060,353

Up $761,577 (+12%) from 2013

Net Assets

Up

$5,967,223

Up $312,949 (+5.5%) from 2013

Liabilities

Up

$1,093,130

Up $448,628 (+70%) from 2013

Revenue

$5,014,514

No earlier filing loaded for comparison.

Expenses

Down

$4,756,715

Down $993,922 (-17%) from 2013

Net Income

$257,799

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.

$40M$30M$20M$10M$0Assets 2010: $3,769,418Liabilities 2010: $658,163Net Assets 2010: $3,111,2552010Assets 2011: $2,110,208Liabilities 2011: $152,322Net Assets 2011: $1,957,8862011Assets 2012: $5,056,607Liabilities 2012: $599,235Net Assets 2012: $4,457,3722012Assets 2013: $6,298,776Liabilities 2013: $644,502Net Assets 2013: $5,654,2742013Assets 2014: $7,060,353Liabilities 2014: $1,093,130Net Assets 2014: $5,967,2232014Assets 2015: $9,181,125Liabilities 2015: $2,061,607Net Assets 2015: $7,119,5182015Assets 2016: $8,815,881Liabilities 2016: $1,555,576Net Assets 2016: $7,260,3052016Assets 2017: $9,225,136Liabilities 2017: $649,978Net Assets 2017: $8,575,1582017Assets 2018: $10,455,987Liabilities 2018: $646,953Net Assets 2018: $9,809,0342018Assets 2019: $22,874,981Liabilities 2019: $1,781,405Net Assets 2019: $21,093,5762019Assets 2020: $23,667,148Liabilities 2020: $2,853,663Net Assets 2020: $20,813,4852020Assets 2021: $39,237,536Liabilities 2021: $2,813,277Net Assets 2021: $36,424,2592021Assets 2022: $38,110,666Liabilities 2022: $1,857,686Net Assets 2022: $36,252,9802022Assets 2023: $36,091,507Liabilities 2023: $2,136,655Net Assets 2023: $33,954,8522023Assets 2024: $31,258,443Liabilities 2024: $3,285,414Net Assets 2024: $27,973,0292024Assets 2025: $35,054,202Liabilities 2025: $4,216,608Net Assets 2025: $30,837,5942025

Highlighted filing

2014

Assets$7,060,353
Liabilities$1,093,130
Net Assets$5,967,223

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $4,319,0522010Revenue 2011: $2,789,914Expenses 2011: $3,994,653Net Income 2011: -$1,204,7392011Revenue 2012: $6,155,561Expenses 2012: $3,654,205Net Income 2012: $2,501,3562012Expenses 2013: $5,750,6372013Revenue 2014: $5,014,514Expenses 2014: $4,756,715Net Income 2014: $257,7992014Revenue 2015: $5,984,362Expenses 2015: $4,837,674Net Income 2015: $1,146,6882015Revenue 2016: $3,802,004Expenses 2016: $3,668,224Net Income 2016: $133,7802016Revenue 2017: $7,203,612Expenses 2017: $5,924,959Net Income 2017: $1,278,6532017Revenue 2018: $9,642,515Expenses 2018: $8,667,213Net Income 2018: $975,3022018Revenue 2019: $24,091,662Expenses 2019: $12,834,171Net Income 2019: $11,257,4912019Revenue 2020: $18,302,111Expenses 2020: $18,594,138Net Income 2020: -$292,0272020Revenue 2021: $36,549,916Expenses 2021: $21,073,076Net Income 2021: $15,476,8402021Revenue 2022: $23,197,789Expenses 2022: $23,310,321Net Income 2022: -$112,5322022Revenue 2023: $22,332,215Expenses 2023: $24,704,182Net Income 2023: -$2,371,9672023Revenue 2024: $21,294,754Expenses 2024: $27,361,712Net Income 2024: -$6,066,9582024Revenue 2025: $30,673,408Expenses 2025: $27,887,178Net Income 2025: $2,786,2302025

Highlighted filing

2014

Revenue$5,014,514
Expenses$4,756,715
Net Income$257,799
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 15, 2014
Return Version
2013v3.1
Gross Receipts
$5,014,514
Mission and Program Overview

Mission

We expand resources, identify and accelerate solutions, and recognize excellence so that all children in baltimore city public schools experience an effective and adequate education.

To secure the financial, human, and knowledge resources necessary to support policy and practice resulting in increased achievement for baltimore city public school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,546,242$6,421,241▲ $874,999
Investments in Publicly Traded Securities$302,560$357,711▲ $55,151
Cash and Non-Interest-Bearing Accounts$179,527$122,902▼ $56,625
Land, Buildings, and Equipment, Net$91,642$72,884▼ $18,758
Prepaid Expenses and Deferred Charges$18,616$42,002▲ $23,386
Pledges and Grants Receivable$113,000$25,500▼ $87,500
Accounts Receivable$42,033$11,427▼ $30,606
Other Notes and Loans Receivable, Net$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,298,776$7,060,353▲ $761,577
Other Assets Total$5,156$6,686▲ $1,530
Liabilities
Accounts Payable and Accrued Expenses$644,502$697,521▲ $53,019
Other Liabilities$0$395,609▲ $395,609
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$644,502$1,093,130▲ $448,628
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,711,520$5,034,329▲ $322,809
Unrestricted Net Assets$842,754$832,894▼ $9,860
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$5,654,274$5,967,223▲ $312,949
Total Liabilities and Net Assets / Fund Balance$6,298,776$7,060,353▲ $761,577

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$61,276$17,361$78,637
Equipment$6,801$23,954$30,755
Leasehold Improvements$4,807$2,977$7,784

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$304,131-▲ $62,988$523$365,596
2012$269,461-▲ $39,760$3,090$304,131
2011$324,346-▲ $5,867$6,443$269,461
2010$271,654-▲ $59,524$6,782$324,346
2009$251,818-▲ $28,250$3,426$271,654
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roger SchulmanPresident & CEOFT$178,221$8,408$186,629
James MathiasChair-$178,221$8,408$186,629
George a MurnaghanVice Chair-$106,194$1,557$107,751

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,970,154
Program Service Revenue
$0
Investment Income
$43,760
Other Revenue
$600
All Other Contributions
$4,970,154
Change in Net Assets
$257,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,014,514
Revenue Not Reported on Form 990
$55,150
Total Revenue per Audited Statements
$5,069,664
Total Revenue per Form 990
$5,014,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,566,247
Salaries, Compensation, and Employee Benefits$915,741
Grants and Similar Amounts Paid$274,727
Total Fundraising Expense$91,501
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$567,503$18,871$18,871$605,245
Grants to Domestic Orgs$274,727--$274,727
Current Officers, Directors, Trustees, and Key Employees$85,866$45,104$54,124$185,094
Information Technology$173,738$1,479$148$175,365
Travel$113,737$667$66$114,470
Occupancy$32,003$31,782$3,178$66,963
Payroll Taxes$45,474$8,215$9,647$63,336
Fees for Services Accounting$18,049$44,316$668$63,033
Other Employee Benefits$58,196$1,935$1,935$62,066
Depreciation Depletion$8,441$9,379$938$18,758
Advertising$14,607$2,713$143$17,463
Office Expenses$6,711$7,140$689$14,540
Other Expenses$11,922$1,176$117$13,215
Conferences and Meetings$11,161$158$16$11,335
All Other Expenses$6,576$4,320$432$11,328
Insurance$3,357$3,729$373$7,459
Total Functional Expenses$4,482,213$183,001$91,501$4,756,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,756,715
Total Expenses per Audited Statements$4,756,715
Total Expenses per Form 990$4,756,715
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-1135690-501(c)(3)Grant for Library$88,082
52-1120778-501(c)(3)School Construction Community Involvement$71,250
14-1713034-501(c)(3)Hs Planning Grant$40,513
52-1992391-501(c)(3)School Construction Community Involvement$23,750
52-0897806-501(c)(3)Neighborhood School Partnership Funding$19,000
42-2146005-501(c)(3)Grant for Library$15,325
52-1212473-501(c)(3)Grade Level Reading Grant$12,310
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
Fiscal Agency Funds$395,609
Governance and Compliance

Governance Checklist

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

Governance Explanations

PART VI, #11A

The tax return is submitted to the finance committee for approval prior to filing. The finance committee is authorized to review and approve the return on behalf of the entire board. A copy of the return is made available to all board members.

PART VI, #12C

Any board member, employee, or volunteer shall promptly report in writing to their appropriate supervisor (or, in the case of a board member, to the president of the board) any actual or contemplated transaction which may involve a conflict of interest. Each board member, employee, and volunteer shall complete a questionnaire relating to this policy upon association with the fund for educational excellence and thereafter when changes occur or upon request.

PART VI, #15 A&B

The compensation arrangements must be approved in advance, before any payment is made, by the approval body of the fund composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangements. When the approval body is considering compensation to covered individuals, it must rely on comparable data that demonstrates the fair market value of the compensation in question.

PART VI, #19

The fund provides all of the mentioned documents to the public upon request.

Filing and Contact Details

Filer

EIN
52-1129402
In Care Of
% THE ORGANIZATION
Phone
4106858300

Signing Officer

Name
Roger Schulman
Title
President
Phone
4106858300
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Schulman
Formed
1984
Legal Domicile
Md
Voting Board Members
17
Independent Board Members
16
Employees
14
Volunteers
1

Preparer

Preparer
Gregory S Schuessler
Phone
4106858300
Supplemental Narrative

Additional Explanations

PART XI, #5

Other change in net assets represents unrealized gains on investments. The amount is recognized for gaap purposes but not for tax reporting purposes.

Financial Statement Notes

Part V, Line 4

The permanent endowment consists of one donor restricted fund established to provide a source of income to recognize teacher achievement.

Part X, Line 2

THE FUND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. THE FUND FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDES MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO POSSIBLE FEDERAL EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.

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IRS990/Form990PartVIISectionAGrp/PersonNm15BETSY NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm16SCOTT ROBERT WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm17CORRIE SCHOENBERG
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR PROGRAM MANAGER
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IRS990/MissionDesc0TO SECURE THE FINANCIAL, HUMAN, AND KNOWLEDGE RESOURCES NECESSARY TO SUPPORT POLICY AND PRACTICE RESULTING IN INCREASED ACHIEVEMENT FOR BALTIMORE CITY PUBLIC SCHOOL STUDENTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LEADERSHIP PIPELINE INITIATIVE SUPPORTS A NATIONAL AND LOCAL COALITION OF PARTNERS IN BUILDING A NEW CITY SCHOOLS LEADERSHIP PIPELINE TO IDENTIFY OUTSTANDING INDIVIDUALS DEMONSTRATING EARLY STAGE LEADERSHIP COMPENTENCIES, AND PROVIDE THEM SIGNIFICANT PROFESSIONAL TRAINING AND OPPORTUNITIES TO PUT THEM ON THE PATH TO BECOMING A SUCCESSFUL SCHOOL LEADER.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Baltimore Campaign for Grade Level Reading is a collaborative effort of funders, nonprofits and public organizations to: close the gap in reading achievement that separates many low-income students from their peers; raise the bar for reading proficiency so that all students are assessed by world-class standards; and ensure that all children, including and especially children from low-income families, have an equitable opportunity to meet those higher standards.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$35.1$4.22$30.8$30.7$27.9$2.79
2024Detailed filing. Detailed filing data is available for this year.$31.3$3.29$28.0$21.3$27.4$6.07
2023Detailed filing. Detailed filing data is available for this year.$36.1$2.14$34.0$22.3$24.7$2.37
2022Detailed filing. Detailed filing data is available for this year.$38.1$1.86$36.3$23.2$23.3$0.11
2021Detailed filing. Detailed filing data is available for this year.$39.2$2.81$36.4$36.5$21.1$15.5
2020Detailed filing. Detailed filing data is available for this year.$23.7$2.85$20.8$18.3$18.6$0.29
2019Detailed filing. Detailed filing data is available for this year.$22.9$1.78$21.1$24.1$12.8$11.3
2018Detailed filing. Detailed filing data is available for this year.$10.5$0.65$9.81$9.64$8.67$0.98
2017Detailed filing. Detailed filing data is available for this year.$9.23$0.65$8.58$7.20$5.92$1.28
2016Detailed filing. Detailed filing data is available for this year.$8.82$1.56$7.26$3.80$3.67$0.13
2015Detailed filing. Detailed filing data is available for this year.$9.18$2.06$7.12$5.98$4.84$1.15
2014Detailed filing. Detailed filing data is available for this year.$7.06$1.09$5.97$5.01$4.76$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$0.64$5.65$5.75
2012Summary only. Only limited summary data is available for this year.$5.06$0.60$4.46$6.16$3.65$2.50
2011Summary only. Only limited summary data is available for this year.$2.11$0.15$1.96$2.79$3.99$1.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.66$3.11$4.32