Civic Intelligence

Spotsylvania Education Foundation

990 • Fiscal year 2015 • EIN 54-1663109

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2016

8020 River Stone DriveFredericksburg, VA 22407-8761

(540) 834-2541

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.13x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

54th percentile

3.8%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

9.8%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$270,880

Up $9,886 (+3.8%) from 2014

Net Assets

Up

$263,843

Up $9,173 (+3.6%) from 2014

Liabilities

Up

$7,037

Up $713 (+11%) from 2014

Revenue

Up

$55,560

Up $4,950 (+9.8%) from 2014

Expenses

Down

$46,387

Down $27,594 (-37%) from 2014

Net Income

Up

$9,173

Up $32,544 (+139%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $272,308Liabilities 2010: $0Net Assets 2010: $272,3082010Assets 2011: $302,974Liabilities 2011: $0Net Assets 2011: $302,9742011Assets 2012: $301,168Liabilities 2012: $33,099Net Assets 2012: $268,0692012Assets 2013: $289,782Liabilities 2013: $11,741Net Assets 2013: $278,0412013Assets 2014: $260,994Liabilities 2014: $6,324Net Assets 2014: $254,6702014Assets 2015: $270,880Liabilities 2015: $7,037Net Assets 2015: $263,8432015Assets 2016: $269,097Liabilities 2016: $5,805Net Assets 2016: $263,2922016Assets 2017: $256,439Liabilities 2017: $213Net Assets 2017: $256,2262017Assets 2018: $257,589Liabilities 2018: $0Net Assets 2018: $257,5892018Assets 2019: $244,417Liabilities 2019: $184Net Assets 2019: $244,2332019Assets 2020: $218,819Liabilities 2020: $0Net Assets 2020: $218,8192020Assets 2021: $231,035Liabilities 2021: $0Net Assets 2021: $231,0352021Assets 2022: $170,677Liabilities 2022: $0Net Assets 2022: $170,6772022Assets 2023: $150,568Liabilities 2023: $0Net Assets 2023: $150,5682023Assets 2024: $146,925Liabilities 2024: $0Net Assets 2024: $146,9252024

Highlighted filing

2015

Assets$270,880
Liabilities$7,037
Net Assets$263,843

Operations Trend

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

$150K$100K$50K$0-$50K-$100KRevenue 2010: $108,135Expenses 2010: $49,230Net Income 2010: $58,9052010Revenue 2011: $92,056Expenses 2011: $61,390Net Income 2011: $30,6662011Expenses 2012: $74,7992012Expenses 2013: $113,4122013Revenue 2014: $50,610Expenses 2014: $73,981Net Income 2014: -$23,3712014Revenue 2015: $55,560Expenses 2015: $46,387Net Income 2015: $9,1732015Revenue 2016: $50,618Expenses 2016: $51,170Net Income 2016: -$5522016Revenue 2017: $41,542Expenses 2017: $48,608Net Income 2017: -$7,0662017Revenue 2018: $59,080Expenses 2018: $62,881Net Income 2018: -$3,8012018Revenue 2019: $62,123Expenses 2019: $79,270Net Income 2019: -$17,1472019Revenue 2020: $58,949Expenses 2020: $84,363Net Income 2020: -$25,4142020Revenue 2021: $89,248Expenses 2021: $103,305Net Income 2021: -$14,0572021Revenue 2022: $69,438Expenses 2022: $120,137Net Income 2022: -$50,6992022Revenue 2023: $19,043Expenses 2023: $39,956Net Income 2023: -$20,9132023Revenue 2024: $19,327Expenses 2024: $28,583Net Income 2024: -$9,2562024

Highlighted filing

2015

Revenue$55,560
Expenses$46,387
Net Income$9,173
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$67,835
Mission and Program Overview

Mission

The organization is organized and operated exclusively for the purpose of improving educational programs in spotsylvania county schools. To provide support and recognition to staff and students for innovative programs and projects that enhance the quality of education in spotsylvania county public schools, and to seek private funding and community resources to strengthen the quality of instruction and enhance existing school programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$252,561$265,125▲ $12,564
Accounts Receivable$3,758$2,955▼ $803
Intangible Assets-$2,800-
Pledges and Grants Receivable$475--
Total Assets$260,994$270,880▲ $9,886
Other Assets Total$4,200$0▼ $4,200
Liabilities
Other Liabilities$5,000$5,000→ $0
Accounts Payable and Accrued Expenses$1,324$2,037▲ $713
Total Liabilities$6,324$7,037▲ $713
Net Assets / Fund Balance
Unrestricted Net Assets$254,670$263,843▲ $9,173
Total Net Assets Fund Balance$254,670$263,843▲ $9,173
Total Liabilities and Net Assets / Fund Balance$260,994$270,880▲ $9,886
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,584
Program Service Revenue
$21,175
Investment Income
$612
Other Revenue
$16,189
All Other Contributions
$3,596
Change in Net Assets
$9,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,752
Grants and Similar Amounts Paid$12,908
Salaries, Compensation, and Employee Benefits$9,727
Total Fundraising Expense$1,138
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$12,908--$12,908
Other Salaries and Wages$5,915$2,275$910$9,100
Depreciation Depletion$1,400--$1,400
Fees for Services Accounting-$1,255-$1,255
Payroll Taxes$407$157$63$627
Office Expenses$103$383$122$608
Insurance-$515-$515
Fees for Services Other$172$213$43$428
Fees for Services Legal-$325-$325
Other Expenses$480$20-$20
Total Functional Expenses$39,586$5,663$1,138$46,387
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spotsylvania County Public SchoolsSpotsylvania, VA-TO ASSIST EMPLOYEES WITH FINANICAL AID FOR PROMISING IDEAS TO ACHIEVE THE DIVISION'S CIRRICULAR GOALS, STRENTHENING STUDENTS' PERSONAL DEVELOPMENT AND ENCOURAGING LINKS WITH THE COMMUNITY.$12,908
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,464
Fundraising Direct Expenses$12,275
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$31,986$19,486$9,289$10,197
Scholar Bowl$8,978$8,978$2,986$5,992
Total Events$40,964$28,464$12,275$16,189
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held on Behalf of Others$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 11

Draft 990 is emailed to board members for review prior to filing.

Form 990, Part VI, Section C, Line 19

Request can be made in person or by phone.

Filing and Contact Details

Filer

Filer Name
Spotsylvania Education Foundation
EIN
54-1663109
Phone
5408342541
Address
8020 RIVER STONE DRIVE, FREDERICKSBURG, VA 22407-8761

Signing Officer

Name
Carl Ingebretsen
Title
Treasurer
Phone
5408342541
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Ingebretsen
Formed
1992
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
1
Volunteers
30

Preparer

Firm
Bowling Franklin & Collp
Address
1207 CHARLES STREET, FREDERICKSBURG, VA 22401
Preparer
Robert T Bishop
Phone
5403738973
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION SUPPORT SERV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021175
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018615
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt039572
IRS990/PYInvestmentIncomeAmt01008
IRS990/PYOtherExpensesAmt027050
IRS990/PYOtherRevenueAmt05456
IRS990/PYProgramServiceRevenueAmt025531
IRS990/PYRevenuesLessExpensesAmt0-23371
IRS990/PYSalariesCompEmpBnftPaidAmt07359
IRS990/PYTotalExpensesAmt073981
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt050610
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt09173
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021175
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt017584
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt018615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt048395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0149974
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0611
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01008
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01358
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04256
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09338
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt037364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038784
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt066983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt059565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt072821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0275517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01008
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01358
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04256
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09338
IRS990ScheduleA/InvestmentIncomeCYPct00.02150
IRS990ScheduleA/InvestmentIncomePYPct00.02890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97850
IRS990ScheduleA/PublicSupportPY509Pct00.97110
IRS990ScheduleA/PublicSupportTotal509Amt0425491
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt054948
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt057399
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt097378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0107960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0107806
IRS990ScheduleA/Total509Grp/TotalAmt0425491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt055559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt058407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt098736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0110065
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0112062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0434829
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/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD ON BEHALF OF OTHERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt05000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012275
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SCHOLAR BOWL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031986
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040964
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019486
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08978
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028464
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt016189
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012275
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09289
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02986
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012908
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST EMPLOYEES WITH FINANICAL AID FOR PROMISING IDEAS TO ACHIEVE THE DIVISION'S CIRRICULAR GOALS, STRENTHENING STUDENTS' PERSONAL DEVELOPMENT AND ENCOURAGING LINKS WITH THE COMMUNITY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPOTSYLVANIA COUNTY PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08020 RIVER STONE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPOTSYLVANIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022407
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT 990 IS EMAILED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REQUEST CAN BE MADE IN PERSON OR BY PHONE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0260994
IRS990/TotalAssetsEOYAmt0270880
IRS990/TotalAssetsGrp/BOYAmt0260994
IRS990/TotalAssetsGrp/EOYAmt0270880
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017584
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01138
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039586
IRS990/TotalFunctionalExpensesGrp/TotalAmt046387
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.19$0.29$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.19$0.40$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.69$1.20$0.51
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.89$1.03$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.59$0.84$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.62$0.79$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$0.59$0.63$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.42$0.49$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.06$2.63$0.51$0.51$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.71$0.07$2.64$0.56$0.46$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.61$0.06$2.55$0.51$0.74$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.12$2.78$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.33$2.68$0.75
2011Summary only. Only limited summary data is available for this year.$3.03$0.00$3.03$0.92$0.61$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$1.08$0.49$0.59