Civic Intelligence

Charlotte Local Education Foundation Inc.

990 • Fiscal year 2017 • EIN 59-2592844

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

18150 Murdock CirclePort Charlotte, FL 33948

(941) 255-7500

Siviq Scores

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

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.04x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

52nd percentile

4.3%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$44,615

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

39th percentile

-0.3%

Faster asset growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.5%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$987,004

Down $2,650 (-0.3%) from 2016

Net Assets

Up

$972,440

Up $6,665 (+0.7%) from 2016

Liabilities

Down

$14,564

Down $9,315 (-39%) from 2016

Revenue

Up

$401,302

Up $13,739 (+3.5%) from 2016

Expenses

Down

$384,149

Down $3,253 (-0.8%) from 2016

Net Income

Up

$17,153

Up $16,992 (+10554%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $810,728Liabilities 2011: $6,807Net Assets 2011: $803,9212011Assets 2012: $846,278Liabilities 2012: $6,617Net Assets 2012: $839,6612012Assets 2013: $891,659Liabilities 2013: $9,227Net Assets 2013: $882,4322013Assets 2014: $989,618Liabilities 2014: $12,206Net Assets 2014: $977,4122014Assets 2015: $1,080,745Liabilities 2015: $11,751Net Assets 2015: $1,068,9942015Assets 2016: $989,654Liabilities 2016: $23,879Net Assets 2016: $965,7752016Assets 2017: $987,004Liabilities 2017: $14,564Net Assets 2017: $972,4402017Assets 2018: $958,523Liabilities 2018: $15,870Net Assets 2018: $942,6532018Assets 2019: $3,199,152Liabilities 2019: $20,746Net Assets 2019: $3,178,4062019Assets 2020: $3,295,267Liabilities 2020: $25,438Net Assets 2020: $3,269,8292020Assets 2021: $3,253,421Liabilities 2021: $26,792Net Assets 2021: $3,226,6292021Assets 2022: $2,888,278Liabilities 2022: $33,071Net Assets 2022: $2,855,2072022Assets 2023: $2,741,309Liabilities 2023: $40,234Net Assets 2023: $2,701,0752023Assets 2024: $2,813,008Liabilities 2024: $6,700Net Assets 2024: $2,806,3082024

Highlighted filing

2017

Assets$987,004
Liabilities$14,564
Net Assets$972,440

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $224,0792011Revenue 2012: $241,434Expenses 2012: $205,694Net Income 2012: $35,7402012Expenses 2013: $250,7622013Revenue 2014: $373,923Expenses 2014: $365,560Net Income 2014: $8,3632014Revenue 2015: $321,780Expenses 2015: $327,033Net Income 2015: -$5,2532015Revenue 2016: $387,563Expenses 2016: $387,402Net Income 2016: $1612016Revenue 2017: $401,302Expenses 2017: $384,149Net Income 2017: $17,1532017Revenue 2018: $343,505Expenses 2018: $343,321Net Income 2018: $1842018Revenue 2019: $691,340Expenses 2019: $320,346Net Income 2019: $370,9942019Revenue 2020: $393,840Expenses 2020: $384,910Net Income 2020: $8,9302020Revenue 2021: $183,560Expenses 2021: $440,972Net Income 2021: -$257,4122021Revenue 2022: $257,566Expenses 2022: $416,274Net Income 2022: -$158,7082022Revenue 2023: $702,896Expenses 2023: $857,028Net Income 2023: -$154,1322023Revenue 2024: $771,610Expenses 2024: $858,498Net Income 2024: -$86,8882024

Highlighted filing

2017

Revenue$401,302
Expenses$384,149
Net Income$17,153
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$401,302
Mission and Program Overview

Mission

Educational & Charitable - Primarily with support of public education through grants for classroom projects with teacher support and employer recognition, as well as Take Stock in Children Program and Teacher Supply Depot Program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$904,577$882,440▼ $22,137
Cash and Non-Interest-Bearing Accounts$65,842$85,697▲ $19,855
Accounts Receivable$13,235$12,667▼ $568
Inventories for Sale or Use$6,000$6,200▲ $200
Total Assets$989,654$987,004▼ $2,650
Liabilities
Accounts Payable and Accrued Expenses$23,879$14,564▼ $9,315
Total Liabilities$23,879$14,564▼ $9,315
Net Assets / Fund Balance
Temporarily Rstr Net Assets$961,318$950,830▼ $10,488
Unrestricted Net Assets$4,457$21,610▲ $17,153
Total Net Assets Fund Balance$965,775$972,440▲ $6,665
Total Liabilities and Net Assets / Fund Balance$989,654$987,004▼ $2,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sara WierhakeExecutive DirectorFT$44,615$44,615

Board Members and Trustees

NameTitle
Kreg MaheuPast President
Thomas WilliamsonVice President
David PalmerBoard member
Hope SchmidtBoard member
Lynn PogueBoard member
Mathew ZwackBoard member
Maura MatzkoBoard member
Geri WakslerDirector
James CoalwellDirector
Russell KirshyDirector
Shaune HotchkissDirector
Ian VincentEx Officio-School Board Membe
Steve DionisioEx officio
Robert PietrasantaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$401,242
Program Service Revenue
$0
Investment Income
$60
Other Revenue
$0
All Other Contributions
$289,169
Change in Net Assets
$17,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$401,302
Total Revenue per Audited Statements
$401,302
Total Revenue per Form 990
$401,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,811
Salaries, Compensation, and Employee Benefits$107,439
Other Expenses$71,899
Total Fundraising Expense$33,146
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$204,811--$204,811
Other Salaries and Wages$104,439$3,000-$107,439
Advertising--$33,146$33,146
Other Expenses$1,687$10,753-$12,440
Occupancy$7,500$1,200-$8,700
Conferences and Meetings$363$1,130-$1,493
Insurance-$1,400-$1,400
Total Functional Expenses$328,274$22,729$33,146$384,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$384,149
Total Expenses per Audited Statements$384,149
Total Expenses per Form 990$384,149
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charlotte County Public Schools--Arts Grant$27,750
State of Florida--Scholarships$12,056
Charlotte County Public Schools--Literacy Grant-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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 governing body review Part VI line 11

Tax return is reviewed by the Executive Committee prior to its filing.

Conflict of interest policy compliance Part VI line 12C

Board of Directors review conflict of interest policies as necessary.

CEO executive director top management comp Part VI line 15A

Board of Directors review compensation yearly.

Other officer or key employee compensation Part VI line 15B

Board of Directors review yearly.

Governing documents etc available to public Part VI line 19

Provided upon request and on Giving Challenge Website.

Filing and Contact Details

Filer

Filer Name
Charlotte Local Education Foundation
EIN
59-2592844
Address
18150 Murdock Circle, Port Charlotte, FL 33948

Signing Officer

Name
Sara Wierhake
Title
Executive Direc
Phone
9412557500
Signed
2017-11-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Alexander Graham
Formed
1989
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
200

Preparer

Firm
DLmyCPA Inc
Address
22107 Elmira Blvd, Port Charlotte, FL 33952
Preparer
Donna Listenberger CPA
Phone
9415857465
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Use of Temporarily restricted net assets.

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IRS990/OtherExpensesGrp/ProgramServicesAmt21687
IRS990/OtherExpensesGrp/TotalAmt013110
IRS990/OtherExpensesGrp/TotalAmt11610
IRS990/OtherExpensesGrp/TotalAmt212440
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104439
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107439
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0904577
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0882440
IRS990/PrincipalOfficerNm0Alexander Graham
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Take Stock in Children prepaid Florida Scholarships
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0112073
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0112073
IRS990/ProgSrvcAccomActy3Grp/Desc0Educational & Clasroom programs including Teacher Supply Depot.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt064575
IRS990/ProgSrvcAccomActy3Grp/GrantAmt064575
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Public School Programs & Educational grants
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt028163
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt028163
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0387494
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0208584
IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt089977
IRS990/PYRevenuesLessExpensesAmt0161
IRS990/PYSalariesCompEmpBnftPaidAmt088841
IRS990/PYTotalExpensesAmt0387402
IRS990/PYTotalRevenueAmt0387563
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt017153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0204811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0205584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0236134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0231192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01066018
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84390
IRS990ScheduleA/PublicSupportPY170Pct00.92010
IRS990ScheduleA/PublicSupportTotal170Amt0899647
IRS990ScheduleA/SubstantialContributorsTotAmt0166371
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0204811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0188297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0236134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0231192
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01066018
IRS990ScheduleA/TotalSupportAmt01066018
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
IRS990ScheduleD/ExpensesSubtotalAmt0384149
IRS990ScheduleD/RevenueSubtotalAmt0401302
IRS990ScheduleD/TotalExpensesPerForm990Amt0384149
IRS990ScheduleD/TotalRevenuePerForm990Amt0401302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0401302
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0384149
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt027750
IRS990ScheduleI/RecipientTable/CashGrantAmt112056
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt084984
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Scholarships Value Used
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Arts Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Scholarships
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Literacy Grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Charlotte County Public Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1State of Florida
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Charlotte County Public Schools
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Board of Directors monitor fund balances
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tax return is reviewed by the Executive Committee prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of Directors review conflict of interest policies as necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board of Directors review compensation yearly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board of Directors review yearly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Provided upon request and on Giving Challenge Website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Use of Temporarily restricted net assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0961318
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0950830
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0989654
IRS990/TotalAssetsEOYAmt0987004
IRS990/TotalAssetsGrp/BOYAmt0989654
IRS990/TotalAssetsGrp/EOYAmt0987004
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0401242
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033146
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022729
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328274
IRS990/TotalFunctionalExpensesGrp/TotalAmt0384149
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023879
IRS990/TotalLiabilitiesEOYAmt014564
IRS990/TotalLiabilitiesGrp/BOYAmt023879
IRS990/TotalLiabilitiesGrp/EOYAmt014564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0965775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0972440
IRS990/TotalOtherCompensationAmt011360
IRS990/TotalOtherProgSrvcExpenseAmt028163
IRS990/TotalOtherProgSrvcGrantAmt028163
IRS990/TotalProgramServiceExpensesAmt0328274
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.01$2.81$0.77$0.86$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.04$2.70$0.70$0.86$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.03$2.86$0.26$0.42$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.03$3.23$0.18$0.44$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$0.03$3.27$0.39$0.38$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.02$3.18$0.69$0.32$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.02$0.94$0.34$0.34$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.97$0.40$0.38$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.02$0.97$0.39$0.39$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.32$0.33$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.37$0.37$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.01$0.88$0.25
2012Summary only. Only limited summary data is available for this year.$0.85$0.01$0.84$0.24$0.21$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.01$0.80$0.22