Civic Intelligence

Frances Lacy Elementary School Foundation

990 • Fiscal year 2016 • EIN 56-2272645

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileWWW.LACYFOUNDATION.ORG
2001 Lake Boone TrailRaleigh, NC 27607

(919) 782-3444

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

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

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.00x

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

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Net Margin

36th percentile

-1.4%

Higher net margin than 36% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Asset Growth

38th percentile

-1.6%

Faster asset growth than 38% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$172,541

Down $2,832 (-1.6%) from 2015

Net Assets

Down

$172,541

Down $2,832 (-1.6%) from 2015

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin36th percentile

Revenue

Up

$182,564

Up $31,213 (+21%) from 2015

Expenses

Up

$185,116

Up $34,137 (+23%) from 2015

Net Income

Down

-$2,552

Down $2,924 (-786%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$400K$300K$200K$100K$0Assets 2011: $114,885Liabilities 2011: $02011Assets 2012: $140,671Liabilities 2012: $02012Assets 2013: $152,227Liabilities 2013: $02013Assets 2014: $175,001Liabilities 2014: $02014Assets 2015: $175,373Net Assets 2015: $175,3732015Assets 2016: $172,541Liabilities 2016: $0Net Assets 2016: $172,5412016Assets 2017: $176,202Liabilities 2017: $0Net Assets 2017: $176,2022017Assets 2018: $167,121Liabilities 2018: $0Net Assets 2018: $167,1212018Assets 2019: $174,756Liabilities 2019: $0Net Assets 2019: $174,7562019Assets 2020: $250,736Liabilities 2020: $0Net Assets 2020: $250,7362020Assets 2021: $330,508Liabilities 2021: $0Net Assets 2021: $330,5082021Assets 2022: $141,381Liabilities 2022: $0Net Assets 2022: $141,3812022Assets 2023: $130,915Liabilities 2023: $0Net Assets 2023: $130,9152023Assets 2024: $194,960Liabilities 2024: $0Net Assets 2024: $194,9602024Assets 2025: $186,972Liabilities 2025: $0Net Assets 2025: $186,9722025

Highlighted filing

2016

Assets$172,541
Liabilities$0
Net Assets$172,541
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $111,645Expenses 2011: $138,672Net Income 2011: -$27,0272011Revenue 2012: $139,867Expenses 2012: $114,081Net Income 2012: $25,7862012Revenue 2013: $153,980Expenses 2013: $142,424Net Income 2013: $11,5562013Revenue 2014: $172,356Expenses 2014: $149,582Net Income 2014: $22,7742014Revenue 2015: $151,351Expenses 2015: $150,979Net Income 2015: $3722015Revenue 2016: $182,564Expenses 2016: $185,116Net Income 2016: -$2,5522016Revenue 2017: $162,658Expenses 2017: $159,060Net Income 2017: $3,5982017Revenue 2018: $165,886Expenses 2018: $177,418Net Income 2018: -$11,5322018Revenue 2019: $164,262Expenses 2019: $156,627Net Income 2019: $7,6352019Revenue 2020: $196,652Expenses 2020: $132,494Net Income 2020: $64,1582020Revenue 2021: $262,570Expenses 2021: $206,308Net Income 2021: $56,2622021Revenue 2022: $293,646Expenses 2022: $500,251Net Income 2022: -$206,6052022Revenue 2023: $334,080Expenses 2023: $357,447Net Income 2023: -$23,3672023Revenue 2024: $371,485Expenses 2024: $343,081Net Income 2024: $28,4042024Revenue 2025: $338,823Expenses 2025: $359,572Net Income 2025: -$20,7492025

Highlighted filing

2016

Revenue$182,564
Expenses$185,116
Net Income-$2,552
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$210,871
Mission and Program Overview

Mission

To provide for teachers and assistant teachers' salaries and benefits for additional positions outside of state budget to increase literacy and overall educational achievement goals at Frances Lacy Elementary School.

To provide for teachers- and assistant teachers' salaries and benefits for additional positions to reduce class size at frances lacy elementary school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,387$164,031▼ $3,356
Investments in Publicly Traded Securities$5,422$7,876▲ $2,454
Savings and Temporary Cash Investments$2,565$634▼ $1,931
Total Assets$175,374$172,541▼ $2,833
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$175,374$172,541▼ $2,833
Total Net Assets Fund Balance$175,374$172,541▼ $2,833
Total Liabilities and Net Assets / Fund Balance$175,374$172,541▼ $2,833
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
David SherlinPresident
Avery RobertsDirector
Candace WatsonDirector
Crystal SmithDirector
Joey PropstDirector
Langdon HarrisDirector
Leanne BloedonDirector
Ryn MillicanDirector
George LambertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,389
Program Service Revenue
$0
Investment Income
$259
Other Revenue
$48,916
All Other Contributions
$103,139
Change in Net Assets
$-2,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,482
Other Expenses$12,634
Total Fundraising Expense$958
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$172,482--$172,482
Office Expenses$3,857$7,819$958$12,634
Total Functional Expenses$176,339$7,819$958$185,116
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wake County Public SchoolsCary, NCGovLacy Salaries$172,482
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$77,223
Fundraising Direct Expenses$28,307
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Fundrais$102,426$72,176$16,998$55,178
Notecards$5,047$5,047$1,174$3,873
Total Events$107,473$77,223$28,307$48,916
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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, Page 6, Part VI, Line 11B

“The president and treasurer review the 990 prior to filing and a copy is provided to the entire board for approval.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes its governing documents available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Frances Lacy Elementary Foundation
EIN
56-2272645
Phone
9197823444
Address
2001 LAKE BOONE TRAIL, RALEIGH, NC 27607

Signing Officer

Name
George Lambert
Title
Treasurer
Phone
9197823444
Signed
2017-05-15

Organization Details

Principal Officer
David Sherlin
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
200

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
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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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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0800
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0172482
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LACY SALARIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WAKE COUNTY PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0561137759
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05625 DILLARD DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CARY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027518
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND TREASURER REVIEW THE 990 PRIOR TO FILING AND A COPY IS PROVIDED TO THE ENTIRE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0175374
IRS990/TotalAssetsEOYAmt0172541
IRS990/TotalAssetsGrp/BOYAmt0175374
IRS990/TotalAssetsGrp/EOYAmt0172541
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0133389
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0958
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07819
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176339
IRS990/TotalFunctionalExpensesGrp/TotalAmt0185116
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0175374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0172541
IRS990/TotalProgramServiceExpensesAmt0176339
IRS990/TotalRevenueGrp/ExclusionAmt049175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182564
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0175374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172541
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0175374
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0172541
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02001 LAKE BOONE TRAIL
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027607
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTP://WWW.LACYFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE LAMBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09197823444
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANCES LACY ELEMENTARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0562272645
ReturnHeader/Filer/PhoneNum09197823444
ReturnHeader/Filer/USAddress/AddressLine1Txt02001 LAKE BOONE TRAIL
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027607
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561053187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADDISON & CAISON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 OBERLIN RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276051136
ReturnHeader/PreparerPersonGrp/PhoneNum09198215482
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN GLENDENNING
ReturnHeader/ReturnTs02017-05-15T16:59:43-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$172,541
Liabilities
$0
Net assets
$172,541
Revenue
$182,564
Expenses
$185,116
Net income
-$2,552
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$3.39$3.60$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.95$3.71$3.43$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$3.34$3.57$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$2.94$5.00$2.07
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$2.63$2.06$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.00$2.51$1.97$1.32$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$1.64$1.57$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.66$1.77$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.63$1.59$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$1.83$1.85$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.75$1.75$1.51$1.51$0.00
2014Summary only. Only limited summary data is available for this year.$1.75$0.00$1.72$1.50$0.23
2013Summary only. Only limited summary data is available for this year.$1.52$0.00$1.54$1.42$0.12
2012Summary only. Only limited summary data is available for this year.$1.41$0.00$1.40$1.14$0.26
2011Summary only. Only limited summary data is available for this year.$1.15$0.00$1.12$1.39$0.27