Civic Intelligence

Carmel Educational Foundation

990 • Fiscal year 2016 • EIN 56-2107877

Aug 01, 2015 to Jul 31, 2016 • Filed on Jun 13, 2017

1145 Pineville-Matthews RdMatthews, NC 28105

(704) 847-8575

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.00x

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

24%

Higher net margin than 84% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

84th percentile

36%

Faster asset growth than 84% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

147%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$929,462

Up $247,495 (+36%) from 2015

Net Assets

Up

$929,462

Up $247,495 (+36%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$1,047,465

Up $623,098 (+147%) from 2015

Expenses

Up

$799,970

Up $365,035 (+84%) from 2015

Net Income

Up

$247,495

Up $258,063 (+2442%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $286,179Liabilities 2010: $0Net Assets 2010: $286,1792010Assets 2011: $480,472Liabilities 2011: $0Net Assets 2011: $480,4722011Assets 2012: $427,612Liabilities 2012: $0Net Assets 2012: $427,6122012Assets 2013: $564,106Liabilities 2013: $0Net Assets 2013: $564,1062013Assets 2014: $692,535Liabilities 2014: $0Net Assets 2014: $692,5352014Assets 2015: $681,967Liabilities 2015: $0Net Assets 2015: $681,9672015Assets 2016: $929,462Liabilities 2016: $0Net Assets 2016: $929,4622016Assets 2017: $307,958Liabilities 2017: $0Net Assets 2017: $307,9582017Assets 2018: $617,444Liabilities 2018: $0Net Assets 2018: $617,4442018Assets 2019: $456,875Liabilities 2019: $0Net Assets 2019: $456,8752019Assets 2020: $358,463Liabilities 2020: $0Net Assets 2020: $358,4632020Assets 2021: $512,034Liabilities 2021: $0Net Assets 2021: $512,0342021Assets 2022: $677,219Liabilities 2022: $0Net Assets 2022: $677,2192022Assets 2023: $1,013,374Liabilities 2023: $0Net Assets 2023: $1,013,3742023Assets 2024: $1,530,281Liabilities 2024: $0Net Assets 2024: $1,530,2812024

Highlighted filing

2016

Assets$929,462
Liabilities$0
Net Assets$929,462

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $253,7012010Expenses 2011: $269,0002011Expenses 2012: $499,4912012Revenue 2013: $336,844Expenses 2013: $200,350Net Income 2013: $136,4942013Revenue 2014: $352,105Expenses 2014: $223,676Net Income 2014: $128,4292014Revenue 2015: $424,367Expenses 2015: $434,935Net Income 2015: -$10,5682015Revenue 2016: $1,047,465Expenses 2016: $799,970Net Income 2016: $247,4952016Revenue 2017: $879,901Expenses 2017: $1,501,405Net Income 2017: -$621,5042017Revenue 2018: $815,992Expenses 2018: $506,506Net Income 2018: $309,4862018Revenue 2019: $924,007Expenses 2019: $609,542Net Income 2019: $314,4652019Revenue 2020: $456,545Expenses 2020: $502,792Net Income 2020: -$46,2472020Revenue 2021: $503,203Expenses 2021: $316,131Net Income 2021: $187,0722021Revenue 2022: $604,652Expenses 2022: $118,491Net Income 2022: $486,1612022Revenue 2023: $806,345Expenses 2023: $329,090Net Income 2023: $477,2552023Revenue 2024: $1,049,257Expenses 2024: $532,350Net Income 2024: $516,9072024

Highlighted filing

2016

Revenue$1,047,465
Expenses$799,970
Net Income$247,495
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jun 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,096,674
Mission and Program Overview

Mission

Christian Education

Christian education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$681,967$929,462▲ $247,495
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$681,967$929,462▲ $247,495
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$681,967$929,462▲ $247,495
Total Net Assets Fund Balance$681,967$929,462▲ $247,495
Total Liabilities and Net Assets / Fund Balance$681,967$929,462▲ $247,495
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad BrackmanChairman
Audrey ScurfieldDirector
Bill SmithDirector
Charlie NealDirector
Doug VandergriffDirector
Henry PullyDirector
Rachel KocherDirector
Sandi ChapmanDirector
Tonya BreenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$962,613
Program Service Revenue
$0
Investment Income
$1,672
Other Revenue
$83,180
All Other Contributions
$934,915
Change in Net Assets
$247,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$614,776
Other Expenses$185,194
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$614,776--$614,776
Other Expenses$126,860$1,434-$1,434
Total Functional Expenses$741,636$58,334$0$799,970
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carmel Christian SchoolMatthews, NC-School programs$569,098
Carmel Baptist ChurchMatthews, NC-Designated Funds$28,178
Carmel Baptist WEE SchoolMatthews, NC-School programs$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$132,389
Fundraising Direct Expenses$49,209
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boosterathon$83,255$83,255$33,685$49,570
Golf Tournament$76,832$49,134$9,524$39,610
Total Events$160,087$132,389$49,209$83,180
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

The Chairman reviews a draft of the Form 990 before signing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Carmel Educational Foundation
EIN
56-2107877
Phone
7048478575
Address
1145 Pineville-Matthews Rd, Matthews, NC 28105

Signing Officer

Name
Brad Brackman
Title
Chairman
Signed
2017-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Brackman
Formed
1998
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202-2767
Preparer
Terry W Lancaster
Phone
7043721515
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0753348
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0439652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02853062
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01672
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0233
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0327516
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70680
IRS990ScheduleA/PublicSupportPY170Pct00.70080
IRS990ScheduleA/PublicSupportTotal170Amt02019437
IRS990ScheduleA/SubstantialContributorsTotAmt0833625
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0962613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0380648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0316801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0753348
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0439652
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02853062
IRS990ScheduleA/TotalSupportAmt02856986
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Fun Run
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt083255
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt049570
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Boosterthon
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt033685
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01000 Mansell Ex
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Alpharetta
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd030022
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027698
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt027698
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt049209
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Boosterathon
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt083255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt076832
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160087
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt083255
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt049134
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0132389
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt083180
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt043209
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033685
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt09524
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt06000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt06000
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt083255
IRS990ScheduleG/TotalNetToOrganizationAmt049570
IRS990ScheduleG/TotalRetainedByContractorsAmt033685
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt028178
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt2569098
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Designated Funds
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1School programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2School programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Carmel Baptist Church
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Carmel Baptist WEE School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Carmel Christian School
IRS990ScheduleI/RecipientTable/RecipientEIN0560859484
IRS990ScheduleI/RecipientTable/RecipientEIN1560859484
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01145 Pineville-Matthews Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11145 Pineville-Matthews Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21145 Pineville-Matthews Rd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Matthews
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Matthews
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Matthews
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd228105
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Chairman reviews a draft of the Form 990 before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$1.05$0.53$0.52
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.81$0.33$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.60$0.12$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.50$0.32$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.46$0.50$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.92$0.61$0.31
2018Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.82$0.51$0.31
2017Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.88$1.50$0.62
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.05$0.80$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.42$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.35$0.22$0.13
2013Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.34$0.20$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.25
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits