Civic Intelligence

Buncombe County Schools Foundation Incorporated

990 • Fiscal year 2020 • EIN 58-1685536

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 14, 2020

Organization Profilewww.bcsf.net
175 Bingham RoadAsheville, NC 28806

(828) 255-5969

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$31,056

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.1%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$4,865,875

Down $5,796 (-0.1%) from 2019

Net Assets

Up

$4,865,200

Up $60,068 (+1.3%) from 2019

Liabilities

Down

$675

Down $65,864 (-99%) from 2019

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin19th percentile

Revenue

Down

$436,245

Down $79,736 (-15%) from 2019

Expenses

Down

$497,926

Down $42,645 (-7.9%) from 2019

Net Income

Down

-$61,681

Down $37,091 (-151%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,281,843Liabilities 2011: $61,324Net Assets 2011: $4,220,5192011Assets 2012: $4,234,136Liabilities 2012: $107,931Net Assets 2012: $4,126,2052012Assets 2013: $4,342,619Liabilities 2013: $5,470Net Assets 2013: $4,337,1492013Assets 2014: $4,787,642Liabilities 2014: $21,032Net Assets 2014: $4,766,6102014Assets 2015: $4,600,075Liabilities 2015: $2,839Net Assets 2015: $4,597,2362015Assets 2016: $4,571,670Liabilities 2016: $11,795Net Assets 2016: $4,559,8752016Assets 2017: $4,822,924Liabilities 2017: $33,845Net Assets 2017: $4,789,0792017Assets 2018: $4,828,578Liabilities 2018: $143,268Net Assets 2018: $4,685,3102018Assets 2019: $4,871,671Liabilities 2019: $66,539Net Assets 2019: $4,805,1322019Assets 2020: $4,865,875Liabilities 2020: $675Net Assets 2020: $4,865,2002020Assets 2021: $5,505,556Liabilities 2021: $1,164Net Assets 2021: $5,504,3922021Assets 2022: $4,741,300Liabilities 2022: $13,850Net Assets 2022: $4,727,4502022Assets 2023: $4,950,465Liabilities 2023: $21,190Net Assets 2023: $4,929,2752023Assets 2024: $5,563,499Liabilities 2024: $128,276Net Assets 2024: $5,435,2232024Assets 2025: $5,999,255Liabilities 2025: $46,626Net Assets 2025: $5,952,6292025

Highlighted filing

2020

Assets$4,865,875
Liabilities$675
Net Assets$4,865,200
Open 2020 Filing

Operations Trend

Revenue Growth27th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $744,8242011Expenses 2012: $633,2382012Expenses 2013: $586,3782013Revenue 2014: $563,847Expenses 2014: $560,227Net Income 2014: $3,6202014Revenue 2015: $561,545Expenses 2015: $730,919Net Income 2015: -$169,3742015Revenue 2016: $852,206Expenses 2016: $786,341Net Income 2016: $65,8652016Revenue 2017: $606,249Expenses 2017: $721,398Net Income 2017: -$115,1492017Revenue 2018: $493,651Expenses 2018: $775,423Net Income 2018: -$281,7722018Revenue 2019: $515,981Expenses 2019: $540,571Net Income 2019: -$24,5902019Revenue 2020: $436,245Expenses 2020: $497,926Net Income 2020: -$61,6812020Revenue 2021: $1,007,999Expenses 2021: $910,611Net Income 2021: $97,3882021Revenue 2022: $1,485,817Expenses 2022: $878,026Net Income 2022: $607,7912022Revenue 2023: $749,797Expenses 2023: $832,389Net Income 2023: -$82,5922023Revenue 2024: $1,158,157Expenses 2024: $986,613Net Income 2024: $171,5442024Revenue 2025: $2,172,720Expenses 2025: $1,701,194Net Income 2025: $471,5262025

Highlighted filing

2020

Revenue$436,245
Expenses$497,926
Net Income-$61,681
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 14, 2020
Return Version
2019v5.1
Gross Receipts
$436,335
Mission and Program Overview

Mission

To establish partnerships with local individuals, businesses, corporations and other foundations for the purpose of providing additional resources to Buncombe County Schools educators, staff, and students.

To establish partnerships with local individuals, businesses, corporations and other foundations for the purpose of supporting education in the Buncombe County School System.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,662,245$3,636,093▼ $26,152
Savings and Temporary Cash Investments$1,004,219$965,028▼ $39,191
Cash and Non-Interest-Bearing Accounts$205,207$164,754▼ $40,453
Pledges and Grants Receivable-$100,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$4,871,671$4,865,875▼ $5,796
Liabilities
Deferred Revenue$6,000--
Grants Payable$3,000--
Accounts Payable and Accrued Expenses$57,539$675▼ $56,864
Total Liabilities$66,539$675▼ $65,864
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,662,026$4,630,588▼ $31,438
Net Assets Without Donor Restrictions$143,106$234,612▲ $91,506
Total Net Assets Fund Balance$4,805,132$4,865,200▲ $60,068
Total Liabilities and Net Assets / Fund Balance$4,871,671$4,865,875▼ $5,796

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$7,273$7,273
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$522,144-▲ $23,332-$518,866
2019$519,943-▲ $32,419-$522,144
2018$530,129-▲ $32,398$234$519,943
2017$499,391-▲ $47,971-$530,129
2016$520,958-▼ $793-$499,391
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lisa AtkinsExecutive DirectorFT$31,056$31,056
John BarbourInterim Exec Director/Board-$4,480$4,480

Board Members and Trustees

NameTitle
Kathy YoungPast President
Dan AndersonPresident
Alex DiezBoard Member
Brian HallBoard Member
Chris SmithBoard Member
Debbie BryantBoard Member
Jason WallsBoard Member
Jon CorbinBoard Member
Judy LerwickBoard Member
Kara CandlerBoard Member
Keith HowellBoard Member
Kim PlemmonsBoard Member
Mike SmithBoard Member
Paul EllisBoard Member
Robert PowellBoard Member
Scott BuchananBoard Member
Shirly McIntoshBoard Member
Steven SizemoreBoard Member
Tracy NovakBoard Member
Victoria DunkleBoard Member
Judy GibbsSecretary
Rick ManskeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$358,453
Program Service Revenue
$18,855
Investment Income
$59,027
Other Revenue
$-90
All Other Contributions
$358,453
Change in Net Assets
$-61,681

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,245
Revenue Not Reported on Form 990
$130,839
Total Revenue per Audited Statements
$567,084
Total Revenue per Form 990
$436,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$232,842
Other Expenses$211,579
Salaries, Compensation, and Employee Benefits$53,505
Total Fundraising Expense$14,779
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$214,772--$214,772
Current Officers, Directors, Trustees, and Key Employees$14,333$12,629$8,575$35,537
Fees for Services Accounting$0$20,308$0$20,308
Grants to Domestic Orgs$18,070--$18,070
Other Salaries and Wages$5,020$4,714$4,431$14,165
Other Expenses$3,624$608$778$5,010
Payroll Taxes$1,481$1,327$995$3,803
Conferences and Meetings$0$1,938$0$1,938
Information Technology$1,188$0$0$1,188
Insurance$0$1,135$0$1,135
Office Expenses$376$0$0$376
Total Functional Expenses$440,488$42,659$14,779$497,926

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$507,016
Expenses per Audited Statements$497,926
Total Expenses per Form 990$497,926
Expenses Not Reported on Form 990$9,090
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Buncombe County SchoolsAsheville, NCGov't EntityTeacher mini-grants$18,070
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$90
Fundraising Gross Income$0
Professional Fundraising Fees$0
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
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Buncombe County Schools Foundation Inc
EIN
58-1685536
Phone
8282555969
Address
175 Bingham Road, Asheville, NC 28806

Signing Officer

Name
Dan Anderson
Title
Board President
Phone
8282555969
Signed
2020-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Anderson
Formed
1987
Legal Domicile
Nc
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
40

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by independent accountants, reviewed by management, presented to the Board for review, proposed revisions and final approval.”

Pt VI, Line 12C

“The organization realizes the value of having written policies in this area and is actively working on developing a written policy for conflict of interest.”

Pt VI, Line 15A

“The Executive Committee and the Board of Directors sets the Executive Director salary after a performance review and a check of comparable salary information for nonprofit organizations with similar budgets.”

Pt VI, Line 18

“Form 1023 and 990 available upon request.”

Pt VI, Line 19

“The organization provides paper copies of documents, policies and financial statements to the public upon request.”

Financial Statement Notes

Pt X, Line 2

“The Foundation is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Exempt organizations, however, may be subject to income tax on unrelated business income. The Foundation had no income from unrelated business activities in 2019-20 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The Foundation believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt XI, Line 2D

“Fundraising Expenses”

Pt XII, Line 2D

“Fundraising Expenses”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Interim Exec Director/Board
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IRS990/GrantsPayableGrp/BOYAmt03000
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0436335
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/FundraisingAmt00
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IRS990/InsuranceGrp/ProgramServicesAmt00
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IRS990/InvestmentIncomeGrp/ExclusionAmt059027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt059027
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03662245
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03636093
IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt07273
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To establish partnerships with local individuals, businesses, corporations and other foundations for the purpose of supporting education in the Buncombe County School System.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04805132
IRS990/NetAssetsOrFundBalancesEOYAmt04865200
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-90
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-90
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
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IRS990/NetUnrlzdGainsLossesInvstAmt0121749
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0143106
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0234612
IRS990/NoncashContributionsAmt05010
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OfficeExpensesGrp/TotalAmt0376
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Support to Schools and Programs
IRS990/OtherExpensesGrp/Desc1Staff Training
IRS990/OtherExpensesGrp/Desc2In-kind Contributions Utilized
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt2778
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2608
IRS990/OtherExpensesGrp/ProgramServicesAmt0181469
IRS990/OtherExpensesGrp/ProgramServicesAmt1155
IRS990/OtherExpensesGrp/ProgramServicesAmt23624
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IRS990/OtherExpensesGrp/TotalAmt1155
IRS990/OtherExpensesGrp/TotalAmt25010
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04714
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05020
IRS990/OtherSalariesAndWagesGrp/TotalAmt014165
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0995
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01327
IRS990/PayrollTaxesGrp/ProgramServicesAmt01481
IRS990/PayrollTaxesGrp/TotalAmt03803
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Dan Anderson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0Fund Administration Fees
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IRS990/ProgSrvcAccomActy2Grp/Desc02) Buncombe County Schools Foundation directed teacher development funding for "The Leader In Me" program at our elementary schools. The funding focused on the initial coaching and training of teachers as they begin "The Leader In Me" program at their school.
IRS990/ProgSrvcAccomActy3Grp/Desc03) The Foundation supported scholarships for 136 graduating seniors at the six traditional high schools in the Buncombe County Schools system, and at Early College and Community high schools. The total amount of scholarship dollars distributed for 2019-20 was $214,772.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61681
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018855
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01004219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0965028
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Miscellaneous 2015: 5347. 2016: 0. 2017: 0. 2018: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0400596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0507731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0771108
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt076673
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt048877
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0306673

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,865,875
Liabilities
$675
Net assets
$4,865,200
Revenue
$436,245
Expenses
$497,926
Net income
-$61,681
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.00$0.05$5.95$2.17$1.70$0.47
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.56$0.13$5.44$1.16$0.99$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.02$4.93$0.75$0.83$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.74$0.01$4.73$1.49$0.88$0.61
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$0.00$5.50$1.01$0.91$0.10
2020Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.44$0.50$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$0.07$4.81$0.52$0.54$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.83$0.14$4.69$0.49$0.78$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.03$4.79$0.61$0.72$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$0.01$4.56$0.85$0.79$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$0.00$4.60$0.56$0.73$0.17
2014Detailed filing. Detailed filing data is available for this year.$4.79$0.02$4.77$0.56$0.56$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.01$4.34$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.11$4.13$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$0.06$4.22$0.74