Civic Intelligence

The J127 Education Foundation

990 • Fiscal year 2016 • EIN 54-1371815

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM

View Organization Page

9657 Blake LaneFairfax, VA 22031

(703) 854-0619

Siviq Scores

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

Liabilities / Assets

71st percentile

0.48x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.51x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

57th percentile

4.3%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$183,269

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

61st percentile

4.6%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-2.6%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$14,021,182

Up $611,555 (+4.6%) from 2015

Net Assets

Up

$7,248,090

Up $515,016 (+7.6%) from 2015

Liabilities

Up

$6,773,092

Up $96,539 (+1.4%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin57th percentile

Revenue

Down

$13,214,842

Down $359,398 (-2.6%) from 2015

Expenses

Up

$12,643,435

Up $534,570 (+4.4%) from 2015

Net Income

Down

$571,407

Down $893,968 (-61%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$40M$30M$20M$10M$0Assets 2011: $8,625,829Liabilities 2011: $6,454,819Net Assets 2011: $2,171,0102011Assets 2012: $9,906,587Liabilities 2012: $6,710,560Net Assets 2012: $3,196,0272012Assets 2013: $10,661,738Liabilities 2013: $6,625,080Net Assets 2013: $4,036,6582013Assets 2014: $12,394,730Liabilities 2014: $6,847,214Net Assets 2014: $5,547,5162014Assets 2015: $13,409,627Liabilities 2015: $6,676,553Net Assets 2015: $6,733,0742015Assets 2016: $14,021,182Liabilities 2016: $6,773,092Net Assets 2016: $7,248,0902016Assets 2017: $15,358,571Liabilities 2017: $6,735,924Net Assets 2017: $8,622,6472017Assets 2018: $16,520,492Liabilities 2018: $6,503,192Net Assets 2018: $10,017,3002018Assets 2019: $17,432,865Liabilities 2019: $6,143,612Net Assets 2019: $11,289,2532019Assets 2020: $16,958,936Liabilities 2020: $7,281,694Net Assets 2020: $9,677,2422020Assets 2021: $24,052,586Liabilities 2021: $10,314,775Net Assets 2021: $13,737,8112021Assets 2022: $22,852,049Liabilities 2022: $8,483,869Net Assets 2022: $14,368,1802022Assets 2023: $29,517,575Liabilities 2023: $14,157,009Net Assets 2023: $15,360,5662023Assets 2024: $30,048,743Liabilities 2024: $13,824,386Net Assets 2024: $16,224,3572024

Highlighted filing

2016

Assets$14,021,182
Liabilities$6,773,092
Net Assets$7,248,090
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

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

$20M$10M$0-$10MRevenue 2011: $5,569,106Expenses 2011: $4,771,277Net Income 2011: $797,8292011Revenue 2012: $11,059,229Expenses 2012: $9,940,852Net Income 2012: $1,118,3772012Expenses 2013: $10,449,0672013Revenue 2014: $12,137,712Expenses 2014: $10,867,261Net Income 2014: $1,270,4512014Revenue 2015: $13,574,240Expenses 2015: $12,108,865Net Income 2015: $1,465,3752015Revenue 2016: $13,214,842Expenses 2016: $12,643,435Net Income 2016: $571,4072016Revenue 2017: $14,405,323Expenses 2017: $13,033,631Net Income 2017: $1,371,6922017Revenue 2018: $14,000,036Expenses 2018: $13,139,811Net Income 2018: $860,2252018Revenue 2019: $15,038,476Expenses 2019: $13,883,880Net Income 2019: $1,154,5962019Revenue 2020: $12,709,959Expenses 2020: $14,054,498Net Income 2020: -$1,344,5392020Revenue 2021: $14,577,728Expenses 2021: $12,678,218Net Income 2021: $1,899,5102021Revenue 2022: $19,636,804Expenses 2022: $15,115,884Net Income 2022: $4,520,9202022Revenue 2023: $15,835,432Expenses 2023: $16,119,878Net Income 2023: -$284,4462023Revenue 2024: $16,827,456Expenses 2024: $16,612,177Net Income 2024: $215,2792024

Highlighted filing

2016

Revenue$13,214,842
Expenses$12,643,435
Net Income$571,407
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$13,411,258
Mission and Program Overview

Mission

Elementary education and daycare services to students ranging in age from 6 weeks to 14 years old.

Elementary education and day care services to approximately 630 students ranging in age from 6 weeks to 14 years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,017,405$5,777,613▼ $239,792
Investments Other Securities$5,678,722$5,573,283▼ $105,439
Cash and Non-Interest-Bearing Accounts$791,724$1,218,935▲ $427,211
Prepaid Expenses and Deferred Charges$267,023$236,247▼ $30,776
Accounts Receivable$46,746$72,672▲ $25,926
Total Assets$13,409,627$14,021,182▲ $611,555
Other Assets Total$608,007$1,142,432▲ $534,425
Liabilities
Other Liabilities$4,775,650$4,636,518▼ $139,132
Deferred Revenue$1,239,264$1,394,171▲ $154,907
Accounts Payable and Accrued Expenses$661,639$742,403▲ $80,764
Total Liabilities$6,676,553$6,773,092▲ $96,539
Net Assets / Fund Balance
Unrestricted Net Assets$6,731,574$7,246,590▲ $515,016
Temporarily Rstr Net Assets$1,000$1,000→ $0
Permanently Rstr Net Assets$500$500→ $0
Total Net Assets Fund Balance$6,733,074$7,248,090▲ $515,016
Total Liabilities and Net Assets / Fund Balance$13,409,627$14,021,182▲ $611,555

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,023,918$4,027,221$8,051,139
Buildings$1,250,022$1,169,563$2,419,585
Equipment$355,673$481,091$836,764
Other Land Buildings$148,000$111,335$259,335
Other Assets Org$204--
Other Securities$5,573,283--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol EdelsteinExecutive DirectorFT$145,141$9,380$154,521
Christin SolySECRETARY; EXECUTIVE DIRECFT$118,551$10,566$129,117
Peter SmithDirector of FacilitiesFT$105,871$1,117$106,988
Delores DeanDirector of Finance and AdFT$83,720$6,611$90,331

Board Members and Trustees

NameTitle
Teresa KlaassenChairman
Paul KlaassenVice Chairman
Susie ClarkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,005
Program Service Revenue
$13,147,799
Investment Income
$-13,411
Other Revenue
$72,449
All Other Contributions
$8,005
Change in Net Assets
$571,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,179,206
Revenue Not Reported on Financial Statements
$35,636
Revenue Not Reported on Form 990
$-400,471
Total Revenue per Audited Statements
$12,778,735
Total Revenue per Form 990
$13,214,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,058,877
Other Expenses$3,228,057
Grants and Similar Amounts Paid$344,080
Professional Fundraising Fees$12,421
Total Fundraising Expense$12,421

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,370,345$935,101-$7,305,446
Occupancy$1,084,733$55,486-$1,140,219
Other Employee Benefits$714,633$195,113-$909,746
Payroll Taxes$495,362$93,828-$589,190
Depreciation Depletion$427,175$22,483-$449,658
Grants to Domestic Individuals$344,080--$344,080
Office Expenses$213,698$18,905-$232,603
Current Officers, Directors, Trustees, and Key Employees$189,532$29,915-$219,447
Insurance$197,059$10,372-$207,431
Fees for Services Accounting-$100,254-$100,254
Fees for Services Other$72,358$1,541-$73,899
Other Expenses$63,226$3,328-$66,554
Interest$56,704$2,984-$59,688
Information Technology$38,764$15,583-$54,347
Fees for Service Investment Mgmnt Fees-$35,636-$35,636
Pension Plan Contributions$22,960$12,088-$35,048
Advertising-$22,808-$22,808
All Other Expenses$12,728$4,535-$17,263
Fees for Services Professional Fundraising--$12,421$12,421
Travel$3,111$1,023-$4,134
Fees for Services Legal-$2,068-$2,068
Fees for Services Management-$-32,168-$-32,168
Total Functional Expenses$11,100,131$1,530,883$12,421$12,643,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,643,435
Expenses per Audited Statements$12,263,719
Total Expenses per Audited Statements$12,263,719
Expenses Not Reported on Financial Statements$379,716
Other Expense Adjustments$344,080
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
Fundraising Gross Income$21,488
Professional Fundraising Fees$12,421
Fundraising Direct Expenses$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lindsey KlaasenMr. & Mrs. Klaassen Are Officers of the FoundationThe Foundation Leases Property Owned by Mr. & Mrs. Klaasen.No$228,863
Christin SolyMs. Soly Is a Family Member of the Officers and the Executive DirectorCompensation Paid to Ms. Soly as an Employee of the Foundation.No$173,803
Paul and Teresa KlaassenMr. & Mrs. Klaassen Are Officers of the Foundation and Owners of AppletreeThe Foundation Leases Property From Appletree of Fairfax Inc.No$152,400
-Ms. Klaasen Is a Family Member of 3 of the Officers of the Organization.Ms. Klaasen Was Employed by the Foundation.No$18,967
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$4,342,660
Deferred Rent Incentive$284,258
Long-term Debt$9,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

Form 990, Part VI, Section A, Line 2

“Paul and teresa klaassen are husband and wife. Christin soly is their daughter.”

Form 990, Part VI, Section A, Line 8B

“The foundation has no committees with the authority to act on behalf of the governing body and therefore there are no meetings to document.”

Form 990, Part VI, Section B, Line 11

“The accounting director reviews the form 990 and then submits it to the chairman of the board or secretary of the board for review and signature.”

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

“All board members completed a disclosure statement and will do so on an annual basis. In the event of a potential conflict, that person will recuse himself/herself from all discussions and vote.”

Form 990, Part VI, Section B, Line 15B

“The board performs a thorough review to determine suitable compensation. This process includes a review of comparability data. Comparability data can include compensation surveys, and written employment contracts. The board retains documentation of the deliberation and final decision.”

Form 990, Part VI, Section C, Line 19

“A copy of the form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
The J127 Education Foundation
EIN
54-1371815
Phone
7038540619
Address
9657 BLAKE LANE, FAIRFAX, VA 22031

Signing Officer

Name
Christin Soly
Title
Executive Director
Phone
7038540619
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christin Soly
Formed
1986
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
1
Employees
340
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 1000, CHARLOTTE, NC 28204
Preparer
Janice a Ratica
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The education foundation is exempt from federal income taxes under internal revenue code section 501(c)(3) and accordingly, no provision for income taxes has been recorded in the financial statements. Management has evaluated the effect of the guidance provided by accounting standards generally accepted in the united states of america on accounting for uncertainty in income taxes. Management believes that the education foundation continues to satisfy the requirements of a tax-exempt organization at june 30, 2016. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined that the education foundation had no uncertain tax positions at june 30, 2016.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Tuition discounts shown net of revenue on financials -344,080.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses reported net of income”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses reported net of income”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Tuition discounts shown net of revenue on financials 344,080.”

Raw XML AppendixShowing 400 of 617 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/InterestGrp/ManagementAndGeneralAmt02984
IRS990/InterestGrp/ProgramServicesAmt056704
IRS990/InterestGrp/TotalAmt059688
IRS990/InvestmentIncomeGrp/ExclusionAmt0183005
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0183005
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05678722
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05573283
IRS990/IRPDocumentCnt062
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05789210
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06017405
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05777613
IRS990/LandBldgEquipCostOrOtherBssAmt011566823
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0196416
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE J127 EDUCATION FOUNDATION RUNS ACTIVITIES OF THREE PRIVATE SCHOOLS IN NORTHERN VIRGINIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06733074
IRS990/NetAssetsOrFundBalancesEOYAmt07248090
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-196416
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-196416
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt021488
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt021488
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt047629
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt047629
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-56391
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt055486
IRS990/OccupancyGrp/ProgramServicesAmt01084733
IRS990/OccupancyGrp/TotalAmt01140219
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018905
IRS990/OfficeExpensesGrp/ProgramServicesAmt0213698
IRS990/OfficeExpensesGrp/TotalAmt0232603
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0608007
IRS990/OtherAssetsTotalGrp/EOYAmt01142432
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0195113
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0714633
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0909746
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1SCHOOL OPERATIONS
IRS990/OtherExpensesGrp/Desc2AFTER SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23328
IRS990/OtherExpensesGrp/ProgramServicesAmt0434989
IRS990/OtherExpensesGrp/ProgramServicesAmt1271177
IRS990/OtherExpensesGrp/ProgramServicesAmt287497
IRS990/OtherExpensesGrp/ProgramServicesAmt363226
IRS990/OtherExpensesGrp/TotalAmt0434989
IRS990/OtherExpensesGrp/TotalAmt1271177
IRS990/OtherExpensesGrp/TotalAmt287497
IRS990/OtherExpensesGrp/TotalAmt366554
IRS990/OtherLiabilitiesGrp/BOYAmt04775650
IRS990/OtherLiabilitiesGrp/EOYAmt04636518
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03332
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03332
IRS990/OtherRevenueTotalAmt03332
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0935101
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06370345
IRS990/OtherSalariesAndWagesGrp/TotalAmt07305446
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt093828
IRS990/PayrollTaxesGrp/ProgramServicesAmt0495362
IRS990/PayrollTaxesGrp/TotalAmt0589190
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012088
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022960
IRS990/PensionPlanContributionsGrp/TotalAmt035048
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0500
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0267023
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0236247
IRS990/PrincipalOfficerNm0CHRISTIN SOLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1OTHER SCHOOL RELATED INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012595931
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1551868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012595931
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1551868
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037942
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0133782
IRS990/PYInvestmentIncomeAmt0447752
IRS990/PYOtherExpensesAmt03305564
IRS990/PYOtherRevenueAmt064127
IRS990/PYProgramServiceRevenueAmt013024419
IRS990/PYRevenuesLessExpensesAmt01465375
IRS990/PYSalariesCompEmpBnftPaidAmt08669519
IRS990/PYTotalExpensesAmt012108865
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013574240
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0571407
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt047629
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013151131
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01250022
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01169563
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02419585
IRS990ScheduleD/EquipmentGrp/BookValueAmt0355673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0481091
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0836764
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0379716
IRS990ScheduleD/ExpensesSubtotalAmt012263719
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt035636
IRS990ScheduleD/InvestmentExpensesNotIncldAmt035636
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04023918
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04027221
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08051139
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-56391
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11103998
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21343
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4204
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATED ENTITY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2EMPLOYEE ADVANCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE TO J127 EDUCATIONAL FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE TO PTO
IRS990ScheduleD/OtherExpensesNotIncludedAmt0344080
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0148000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0111335
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0259335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0284258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14342660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT INCENTIVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LONG-TERM DEBT
IRS990ScheduleD/OtherRevenueAmt0-344080
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05573283
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS WITH J127 FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-400471
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035636
IRS990ScheduleD/RevenueSubtotalAmt013179206
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EDUCATION FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE EDUCATION FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2016. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE EDUCATION FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS -344,080.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES REPORTED NET OF INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES REPORTED NET OF INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 344,080.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05777613
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01142432
IRS990ScheduleD/TotalBookValueSecuritiesAmt05573283
IRS990ScheduleD/TotalExpensesPerForm990Amt012643435
IRS990ScheduleD/TotalLiabilityAmt04636518
IRS990ScheduleD/TotalRevenuePerForm990Amt013214842
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012778735
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012263719
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S WEBSITE INCLUDES A STATEMENT ABOUT OUR NONDISCRIMINARTORY POLICY.

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,021,182
Liabilities
$6,773,092
Net assets
$7,248,090
Revenue
$13,214,842
Expenses
$12,643,435
Net income
$571,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.0$13.8$16.2$16.8$16.6$0.22
2023Detailed filing. Detailed filing data is available for this year.$29.5$14.2$15.4$15.8$16.1$0.28
2022Detailed filing. Detailed filing data is available for this year.$22.9$8.48$14.4$19.6$15.1$4.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$10.3$13.7$14.6$12.7$1.90
2020Detailed filing. Detailed filing data is available for this year.$17.0$7.28$9.68$12.7$14.1$1.34
2019Detailed filing. Detailed filing data is available for this year.$17.4$6.14$11.3$15.0$13.9$1.15
2018Detailed filing. Detailed filing data is available for this year.$16.5$6.50$10.0$14.0$13.1$0.86
2017Detailed filing. Detailed filing data is available for this year.$15.4$6.74$8.62$14.4$13.0$1.37
2016Detailed filing. Detailed filing data is available for this year.$14.0$6.77$7.25$13.2$12.6$0.57
2015Detailed filing. Detailed filing data is available for this year.$13.4$6.68$6.73$13.6$12.1$1.47
2014Detailed filing. Detailed filing data is available for this year.$12.4$6.85$5.55$12.1$10.9$1.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$6.63$4.04$10.4
2012Summary only. Only limited summary data is available for this year.$9.91$6.71$3.20$11.1$9.94$1.12
2011Summary only. Only limited summary data is available for this year.$8.63$6.45$2.17$5.57$4.77$0.80