Civic Intelligence

Charlotte Local Education Foundation Inc.

990 • Fiscal year 2018 • EIN 59-2592844

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 05, 2018

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

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$50,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.9%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$958,523

Down $28,481 (-2.9%) from 2017

Net Assets

Down

$942,653

Down $29,787 (-3.1%) from 2017

Liabilities

Up

$15,870

Up $1,306 (+9.0%) from 2017

Revenue

Down

$343,505

Down $57,797 (-14%) from 2017

Expenses

Down

$343,321

Down $40,828 (-11%) from 2017

Net Income

Down

$184

Down $16,969 (-99%) from 2017

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

2018

Assets$958,523
Liabilities$15,870
Net Assets$942,653

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

2018

Revenue$343,505
Expenses$343,321
Net Income$184
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 5, 2018
Return Version
2017v2.2
Gross Receipts
$343,505
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$882,440$878,352▼ $4,088
Cash and Non-Interest-Bearing Accounts$85,697$51,907▼ $33,790
Accounts Receivable$12,667$21,964▲ $9,297
Inventories for Sale or Use$6,200$6,300▲ $100
Total Assets$987,004$958,523▼ $28,481
Liabilities
Accounts Payable and Accrued Expenses$14,564$15,870▲ $1,306
Total Liabilities$14,564$15,870▲ $1,306
Net Assets / Fund Balance
Temporarily Rstr Net Assets$950,830$920,859▼ $29,971
Unrestricted Net Assets$21,610$21,794▲ $184
Total Net Assets Fund Balance$972,440$942,653▼ $29,787
Total Liabilities and Net Assets / Fund Balance$987,004$958,523▼ $28,481
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara WierhakeExecutive DirectorFT$50,000$50,000

Board Members and Trustees

NameTitle
Lynn PogueVice President
David PalmerBoard member
Hope SchmidtBoard member
Mathew ZwackBoard member
Brandy L HershbergerDirector
Dianne L McDanielDirector
Geri WakslerDirector
Kreg MaheuDirector
Russell KirshyDirector
Sara A PerriDirector
Sharma BachanDirector
Shaune FreelandDirector
Wendy AtkinsonEx Officio-School Board Membe
Steve DionisioEx officio
Debra BrownSecretary
Maura MatzkoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,437
Program Service Revenue
$0
Investment Income
$68
Other Revenue
$0
All Other Contributions
$220,208
Change in Net Assets
$184

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,505
Total Revenue per Audited Statements
$343,505
Total Revenue per Form 990
$343,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$173,015
Salaries, Compensation, and Employee Benefits$118,653
Other Expenses$51,653
Total Fundraising Expense$13,116
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$173,015--$173,015
Other Salaries and Wages$68,653--$68,653
Current Officers, Directors, Trustees, and Key Employees$47,000$3,000-$50,000
Advertising--$13,116$13,116
Other Expenses$5,063$7,267-$12,330
Occupancy$7,500$1,200-$8,700
Conferences and Meetings$640$1,103-$1,743
Insurance-$1,101-$1,101
Total Functional Expenses$311,722$18,483$13,116$343,321

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$343,321
Total Expenses per Audited Statements$343,321
Total Expenses per Form 990$343,321
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charlotte County Public SchoolsPort Charlotte, FL501c3Arts Grant$24,600
State of FloridaTallahassee, FL501c3Scholarship$11,264
Charlotte County Public SchoolsPort Charlotte, FL501c3Literacy Grant$7,000
Charlotte County Public SchoolsPort Charlotte, FL501c3STEAM 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 Guidestar.

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
2018-12-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert Pietrasanta
Formed
1989
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
150

Preparer

Firm
DLmyCPA Inc
Address
22107 Elmira Blvd Ste a, Port Charlotte, FL 33952
Preparer
Donna Listenberger
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/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Educational & 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0972440
IRS990/NetAssetsOrFundBalancesEOYAmt0942653
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt016600
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt01200
IRS990/OccupancyGrp/ProgramServicesAmt07500
IRS990/OccupancyGrp/TotalAmt08700
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-29971
IRS990/OtherExpensesGrp/Desc0Supplies and other admin
IRS990/OtherExpensesGrp/Desc1postage & printing
IRS990/OtherExpensesGrp/Desc2professional fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04805
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27267
IRS990/OtherExpensesGrp/ProgramServicesAmt08177
IRS990/OtherExpensesGrp/ProgramServicesAmt11674
IRS990/OtherExpensesGrp/ProgramServicesAmt25063
IRS990/OtherExpensesGrp/TotalAmt012982
IRS990/OtherExpensesGrp/TotalAmt11681
IRS990/OtherExpensesGrp/TotalAmt212330
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt068653
IRS990/OtherSalariesAndWagesGrp/TotalAmt068653
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0882440
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0878352
IRS990/PrincipalOfficerNm0Robert Pietrasanta
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Education and student program support
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0112947
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011297
IRS990/ProgSrvcAccomActy3Grp/Desc0Take Stock in Children prepaid Florida Scholarships
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt075492
IRS990/ProgSrvcAccomActy3Grp/GrantAmt075492
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt077473
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Educational & Clasroom programs including Teacher Supply Depot.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt08700
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt08700
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0401242
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0204811
IRS990/PYInvestmentIncomeAmt0600
IRS990/PYOtherExpensesAmt071899
IRS990/PYRevenuesLessExpensesAmt017693
IRS990/PYSalariesCompEmpBnftPaidAmt0107439
IRS990/PYTotalExpensesAmt0384149
IRS990/PYTotalRevenueAmt0401842
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0184
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt036440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0326837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0205584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0188297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0236134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01161663
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70120
IRS990ScheduleA/PublicSupportPY170Pct00.84390
IRS990ScheduleA/PublicSupportTotal170Amt0814537
IRS990ScheduleA/SubstantialContributorsTotAmt0347126
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0326837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0204811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0205584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0188297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236134
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01161663
IRS990ScheduleA/TotalSupportAmt01161663
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0343321
IRS990ScheduleD/RevenueSubtotalAmt0343505
IRS990ScheduleD/TotalExpensesPerForm990Amt0343321
IRS990ScheduleD/TotalRevenuePerForm990Amt0343505
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0343505
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0343321
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt024600
IRS990ScheduleI/RecipientTable/CashGrantAmt111264
IRS990ScheduleI/RecipientTable/CashGrantAmt27000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501c3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt075492
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Scholarship Value Used
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Arts Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Scholarship
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Literacy Grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3STEAM Grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Charlotte County Public Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1State of Florida
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Charlotte County Public Schools
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Charlotte County Public Schools
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01145 Education Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1West Tennessee St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21145 Education Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31145 Education Way
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Port Charlotte
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Tallahassee
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Port Charlotte
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Port Charlotte
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033948
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd132399
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd233948
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd333948
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Reconciliation with State Records
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt01
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.

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
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.34$0.34$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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