Civic Intelligence

The Afcea Educational Foundation

990 • Fiscal year 2014 • EIN 54-1115312

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 11, 2015

4400 Fair Lakes CourtSuite22033

(703) 631-6166

Siviq Scores

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

Liabilities / Assets

81st percentile

0.57x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.06x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

5th percentile

-53%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$550,176

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 68.2% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

3rd percentile

-31%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$1,508,767

Down $680,034 (-31%) from 2013

Net Assets

Down

$652,527

Down $439,667 (-40%) from 2013

Liabilities

Down

$856,240

Down $240,367 (-22%) from 2013

Revenue

$807,177

No earlier filing loaded for comparison.

Expenses

Down

$1,232,486

Down $295,511 (-19%) from 2013

Net Income

-$425,309

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.

$3.0M$2.0M$1.0M$0Assets 2010: $2,105,056Liabilities 2010: $508,070Net Assets 2010: $1,596,9862010Assets 2011: $2,165,217Liabilities 2011: $771,825Net Assets 2011: $1,393,3922011Assets 2012: $2,489,398Liabilities 2012: $1,049,724Net Assets 2012: $1,439,6742012Assets 2013: $2,188,801Liabilities 2013: $1,096,607Net Assets 2013: $1,092,1942013Assets 2014: $1,508,767Liabilities 2014: $856,240Net Assets 2014: $652,5272014Assets 2015: $1,213,664Liabilities 2015: $554,075Net Assets 2015: $659,5892015Assets 2016: $1,200,896Liabilities 2016: $595,555Net Assets 2016: $605,3412016Assets 2017: $1,261,531Liabilities 2017: $558,002Net Assets 2017: $703,5292017Assets 2018: $1,262,385Liabilities 2018: $474,578Net Assets 2018: $787,8072018Assets 2019: $1,424,610Liabilities 2019: $446,386Net Assets 2019: $978,2242019Assets 2020: $1,514,651Liabilities 2020: $452,868Net Assets 2020: $1,061,7832020Assets 2021: $1,614,986Liabilities 2021: $470,949Net Assets 2021: $1,144,0372021Assets 2022: $1,292,812Liabilities 2022: $587,158Net Assets 2022: $705,6542022Assets 2023: $1,409,897Liabilities 2023: $613,152Net Assets 2023: $796,7452023Assets 2024: $1,722,131Liabilities 2024: $681,067Net Assets 2024: $1,041,0642024

Highlighted filing

2014

Assets$1,508,767
Liabilities$856,240
Net Assets$652,527

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,997,8552010Expenses 2011: $1,887,6532011Expenses 2012: $1,746,0092012Expenses 2013: $1,527,9972013Revenue 2014: $807,177Expenses 2014: $1,232,486Net Income 2014: -$425,3092014Revenue 2015: $770,315Expenses 2015: $713,501Net Income 2015: $56,8142015Revenue 2016: $265,928Expenses 2016: $349,337Net Income 2016: -$83,4092016Revenue 2017: $343,743Expenses 2017: $252,574Net Income 2017: $91,1692017Revenue 2018: $383,580Expenses 2018: $254,987Net Income 2018: $128,5932018Revenue 2019: $420,394Expenses 2019: $243,491Net Income 2019: $176,9032019Revenue 2020: $369,097Expenses 2020: $305,046Net Income 2020: $64,0512020Revenue 2021: $337,961Expenses 2021: $360,321Net Income 2021: -$22,3602021Revenue 2022: $348,570Expenses 2022: $526,160Net Income 2022: -$177,5902022Revenue 2023: $535,761Expenses 2023: $499,501Net Income 2023: $36,2602023Revenue 2024: $571,926Expenses 2024: $487,064Net Income 2024: $84,8622024

Highlighted filing

2014

Revenue$807,177
Expenses$1,232,486
Net Income-$425,309
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 11, 2015
Return Version
2013v4.0
Gross Receipts
$1,372,399
Mission and Program Overview

Mission

The afcea educational foundation is a 501(c)(3) nonprofit organization dedicated to providing educational incentives, opportunities and assistance for people engaged in science, technology, engineering and mathematics (stem) disciplines focused on information technology, cybersecurity, telecommunications and electronics supporting the defense, homeland security and intelligence communities.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,534,533$1,151,060▼ $383,473
Savings and Temporary Cash Investments$413,852$277,254▼ $136,598
Pledges and Grants Receivable$148,800$44,500▼ $104,300
Cash and Non-Interest-Bearing Accounts$24,360$28,757▲ $4,397
Accounts Receivable$60,575$3,700▼ $56,875
Inventories for Sale or Use$4,754$3,248▼ $1,506
Land, Buildings, and Equipment, Net$375$179▼ $196
Prepaid Expenses and Deferred Charges$1,552$69▼ $1,483
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
Loans From Officers Directors$0$0→ $0
Total Assets$2,188,801$1,508,767▼ $680,034
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,049,897$838,240▼ $211,657
Deferred Revenue$46,710$18,000▼ $28,710
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,096,607$856,240▼ $240,367
Net Assets / Fund Balance
Temporarily Rstr Net Assets$749,393$690,577▼ $58,816
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$342,801$-38,050▼ $380,851
Total Net Assets Fund Balance$1,092,194$652,527▼ $439,667
Total Liabilities and Net Assets / Fund Balance$2,188,801$1,508,767▼ $680,034

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$179$33,302$33,481
Equipment$0$18,461$18,461
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D ForsterBoard Member--$550,176$550,176
Ltgen Wallace Chip GregsonBoard Member--$286,398$286,398
Richard L HaverBoard Member--$241,373$241,373
Mg J David BryanBoard Member-$117,901$52,680$170,581
Fred RainbowVP & Executive DirectorPT$117,266$11,384$128,650

Board Members and Trustees

NameTitle
Linda GoodenChair
Kent SchneiderImmediate Past President
LtGen Robert Shea USMC RetPresident and CEO
Capt Spencer JohnsonBoard Member
Daniel E TurissiniBoard Member
Dendy YoungBoard Member
Doreen JakubcakBoard Member
Dr Alexander LevisBoard Member
LTG JOHN DUBIA USA RetBoard Member
Natalie GivansBoard Member
Paul J SuarezBoard Member
Shirley MenishBoard Member
Vince PattonExecutive Director
Patrick MiorinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$582,789
Program Service Revenue
$78,252
Investment Income
$144,761
Other Revenue
$1,375
All Other Contributions
$379,790
Change in Net Assets
$-425,309

Audited Revenue Reconciliation

Revenue per Audited Statements
$807,177
Revenue Not Reported on Form 990
$-14,358
Total Revenue per Audited Statements
$792,819
Total Revenue per Form 990
$807,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$544,068
Salaries, Compensation, and Employee Benefits$509,139
Other Expenses$179,279
Total Fundraising Expense$33,081
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$449,879--$449,879
Other Salaries and Wages$242,664$37,211-$279,875
Current Officers, Directors, Trustees, and Key Employees$131,559$18,293$33,081$182,933
Office Expenses$6,173$46,868-$53,041
Grants to Domestic Orgs$52,500--$52,500
Foreign Grants$41,689--$41,689
Other Expenses$29,852--$29,852
Conferences and Meetings$21,010$7,531-$28,541
Payroll Taxes$10,342$17,750-$28,092
Occupancy$10,907$14,737-$25,644
Pension Plan Contributions$966$13,317-$14,283
Fees for Services Other-$12,020-$12,020
Advertising$10,586$92-$10,678
Fees for Services Accounting-$8,900-$8,900
Travel$6,808$1,025-$7,833
Other Employee Benefits$451$3,505-$3,956
Insurance$456$1,368-$1,824
Payments to Affiliates$750--$750
Depreciation Depletion-$196-$196
Total Functional Expenses$1,016,592$182,813$33,081$1,232,486

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,232,486
Total Expenses per Audited Statements$1,232,486
Total Expenses per Form 990$1,232,486
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-2197313-501(c)(3)Fy14 Stem Scholarship$30,000
51-0249730-501(c)(3)Fy14 Pathways Grant$15,000
59-2274630-501(c)(3)Fy14 Stem Teach Scholarship$7,500

International Summary

Offices
1
Employees
3
Spending
$41,689

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingScholarships13$41,689
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
54-1115312
In Care Of
% PATRICK J MIORIN
Phone
7036316166

Signing Officer

Name
Robert Shea
Title
President & CEO
Phone
7036316166
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Shea
Formed
1979
Legal Domicile
Dc
Voting Board Members
19
Independent Board Members
14
Employees
0
Volunteers
125

Preparer

Preparer
DANIEL D O'SHEA
Phone
7036316166
Supplemental Narrative

Additional Explanations

Review of Form 990

Part vi, line 11b the form 990 was prepared by the independent auditors and reviewed by senior management. The board of directors delegated the review and approval of the form 990 to the afcea audit committee, an independent committee that reports to the board of directors. The delegation was done for efficiencies in operations and to ensure timely filing of the form 990.

Monitoring of Conflict of Interest Policy

Part vi, line 12c annually the board reviews and discusses the conflict of interest policy and members sign a conflict of interest statement. If there is a conflict the board member would be asked to resign and/or recuse themselves from any vote where the conflict would come into play.

Process for Determining Compensation

Part vi, line 15a & 15b a separate and independent compensation committee reviews performance based on pre-determined performance standards. Compensation is determined by the compensation committee and presented to the independent executive committee for approval. The overall compensation package is approved by the board annually with the operating budget. This procedure is documented in the meeting minutes.

Public Availability of Governing Documents

Part vi, line 19 the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Significant Changes to Program Services

Form 990, part iii, line 3 as of june 1, 2014, by unanimous board approval, the professional development center operations were transferred to afcea international.

Part XII, Line 2C

The audit committee schedules a planning meeting, typically in late october or early november, to review preliminary year end results for the entity, discuss audit planning, identify any potential risk areas or any particular areas of audit/risk interest. They are kept apprised of any issues during the audit and typically in january the committee meets with the audit firm to review drafts of the statements for the entity, discuss internal controls, risk areas, adjustments, any identified material weaknesses, and any control deficiencies.

Financial Statement Notes

Fin 48 Disclosure

PART X, LINE 2 The Foundation recognizes interest and penalties related to income taxes on uncertain tax positions in general and administrative expenses on the statements of activities and change in net assets. There is no provision in the financial statements for penalties and interest related to income taxes on uncertain tax positions for the years ended September 30, 2014 and 2013. The Foundation is not aware of any activities that would jeopardize its tax-exempt status. For tax years prior to 2011, the Foundation is no longer subject to examination by the IRS or the tax jurisdiction of Virginia.

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IRS990/Desc0PROFESSIONAL DEVELOPMENT - AFCEA EDUCATIONAL FOUNDATION OFFERS EDUCATIONAL OPPORTUNITIES IN THE FORM OF INSTRUCTIONAL CLASSES FOR THOSE IN GOVERNMENT, INDUSTRY AND ACADEMIA. THE CLASSES ARE DESIGNED TO DEVELOP AND MAINTAIN SKILLS IN THE FIELDS OF COMMAND AND CONTROL, COMMUNICATIONS, COMPUTERS AND INTELLIGENCE (C4I) AND INFORMATIONAL RESOURCE MANAGEMENT (IRM).
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP & EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/MissionDesc0THE AFCEA EDUCATIONAL FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO PROVIDING EDUCATIONAL INCENTIVES, OPPORTUNITIES AND ASSISTANCE FOR PEOPLE ENGAGED IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) DISCIPLINES FOCUSED ON INFORMATION TECHNOLOGY, CYBERSECURITY, TELECOMMUNICATIONS AND ELECTRONICS SUPPORTING THE DEFENSE, HOMELAND SECURITY AND INTELLIGENCE COMMUNITIES.
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037211
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0242664
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01552
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IRS990/PrincipalOfficerNm0ROBERT SHEA
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS - THE AFCEA EDUCATIONAL FOUNDATION PROVIDES EDUCATIONAL INCENTIVES, OPPORTUNITIES, AND ASSISTANCE FOR PEOPLE ENGAGED IN INFORMATIONAL MANAGEMENT, COMMUNICATIONS, AND INTELLIGENCE EFFORTS TO FOSTER EXCELLENCE IN EDUCATION, PARTICULARLY THE DISCIPLINES RELATED TO C4ISR. THE FOUNDATION SUPPORTS THE DEVELOPMENT OF ENGINEERS AND TECHNICAL PERSONNEL THROUGH AWARDS, SCHOLARSHIPS, GRANTS, AND PROFESSIONAL EDUCATIONAL PROGRAMS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0544068
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IRS990/PYGrantsAndSimilarPaidAmt0690048
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IRS990/PYSalariesCompEmpBnftPaidAmt0574138
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.68$1.04$0.57$0.49$0.08
2023Summary only. Only limited summary data is available for this year.$1.41$0.61$0.80$0.54$0.50$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.59$0.71$0.35$0.53$0.18
2021Summary only. Only limited summary data is available for this year.$1.61$0.47$1.14$0.34$0.36$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.45$1.06$0.37$0.31$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.45$0.98$0.42$0.24$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.47$0.79$0.38$0.25$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.56$0.70$0.34$0.25$0.09
2016Summary only. Only limited summary data is available for this year.$1.20$0.60$0.61$0.27$0.35$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.55$0.66$0.77$0.71$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.86$0.65$0.81$1.23$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$1.10$1.09$1.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$1.05$1.44$1.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.77$1.39$1.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.51$1.60$2.00