Civic Intelligence

Loraine Education Foundation Inc.

990 • Fiscal year 2016 • EIN 61-1598206

Sep 01, 2015 to Aug 31, 2016 • Filed on Jan 11, 2017

Organization ProfileN/A
PO Box 457Loraine, TX 79532

(325) 737-2235

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

86th percentile

31%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$58,991

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

78th percentile

13%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.3%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$2,751,682

Up $321,467 (+13%) from 2015

Net Assets

Up

$2,751,682

Up $321,467 (+13%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin86th percentile

Revenue

Up

$1,039,026

Up $32,944 (+3.3%) from 2015

Expenses

Down

$717,559

Down $505,370 (-41%) from 2015

Net Income

Up

$321,467

Up $538,314 (+248%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $885,413Liabilities 2011: $0Net Assets 2011: $885,4132011Assets 2012: $1,646,152Liabilities 2012: $0Net Assets 2012: $1,646,1522012Assets 2013: $2,632,474Liabilities 2013: $0Net Assets 2013: $2,632,4742013Assets 2014: $2,647,062Liabilities 2014: $0Net Assets 2014: $2,647,0622014Assets 2015: $2,430,215Liabilities 2015: $0Net Assets 2015: $2,430,2152015Assets 2016: $2,751,682Liabilities 2016: $0Net Assets 2016: $2,751,6822016Assets 2017: $3,311,057Liabilities 2017: $0Net Assets 2017: $3,311,0572017Assets 2018: $3,700,973Liabilities 2018: $0Net Assets 2018: $3,700,9732018Assets 2019: $3,870,325Liabilities 2019: $0Net Assets 2019: $3,870,3252019Assets 2020: $3,808,870Liabilities 2020: $0Net Assets 2020: $3,808,8702020Assets 2021: $3,887,559Liabilities 2021: $0Net Assets 2021: $3,887,5592021Assets 2022: $4,934,484Liabilities 2022: $0Net Assets 2022: $4,934,4842022Assets 2023: $3,721,494Liabilities 2023: $0Net Assets 2023: $3,721,4942023

Highlighted filing

2016

Assets$2,751,682
Liabilities$0
Net Assets$2,751,682
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $913,958Expenses 2011: $28,545Net Income 2011: $885,4132011Revenue 2012: $1,024,822Expenses 2012: $264,083Net Income 2012: $760,7392012Revenue 2013: $1,213,853Expenses 2013: $227,531Net Income 2013: $986,3222013Revenue 2014: $1,205,344Expenses 2014: $1,190,756Net Income 2014: $14,5882014Revenue 2015: $1,006,082Expenses 2015: $1,222,929Net Income 2015: -$216,8472015Revenue 2016: $1,039,026Expenses 2016: $717,559Net Income 2016: $321,4672016Revenue 2017: $777,771Expenses 2017: $218,396Net Income 2017: $559,3752017Revenue 2018: $731,000Expenses 2018: $341,084Net Income 2018: $389,9162018Revenue 2019: $381,987Expenses 2019: $212,635Net Income 2019: $169,3522019Revenue 2020: $106,690Expenses 2020: $168,145Net Income 2020: -$61,4552020Revenue 2021: $133,313Expenses 2021: $54,624Net Income 2021: $78,6892021Revenue 2022: $1,148,636Expenses 2022: $101,711Net Income 2022: $1,046,9252022Revenue 2023: $144,535Expenses 2023: $157,525Net Income 2023: -$12,9902023

Highlighted filing

2016

Revenue$1,039,026
Expenses$717,559
Net Income$321,467
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jan 11, 2017
Return Version
2015v3.0
Gross Receipts
$5,784,081
Mission and Program Overview

Mission

To provide support and benefit exclusively for the loraine independent school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,942,390$2,168,587▲ $226,197
Savings and Temporary Cash Investments$487,825$583,095▲ $95,270
Cash and Non-Interest-Bearing Accounts-$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 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$2,430,215$2,751,682▲ $321,467
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,430,215$2,751,682▲ $321,467
Total Net Assets Fund Balance$2,430,215$2,751,682▲ $321,467
Total Liabilities and Net Assets / Fund Balance$2,430,215$2,751,682▲ $321,467
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleOtherTotal
Brandon McdowellDirector$58,991$58,991

Board Members and Trustees

NameTitle
Brian ButlerDirector
Duane LinamDirector
Dwayne SmithDirector
Frank GarciaDirector
Joe LujanDirector
John ChaneyDirector
Ron GibsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$869,680
Investment Income
$169,346
Other Revenue
$0
Change in Net Assets
$321,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$717,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$678,491--$678,491
Fees for Service Investment Mgmnt Fees-$29,550-$29,550
Fees for Services Other-$9,518-$9,518
Total Functional Expenses$678,491$39,068$0$717,559
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
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
Yes
Audit committee
Yes
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
Yes
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

“Form 990 is reviewed by the directors of the foundation before filing with the irs.”

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

“All documents such as the certificate of formation, certificate of filing by the office of the secretary of state of texas, bylaws, and the conflict of interest policy are available to the public at the loraine independent school district, 800 south lightfoot street, loraine, tx 79532.”

Filing and Contact Details

Filer

Filer Name
Loraine Education Foundation Inc
EIN
61-1598206
Phone
3257372235
Address
PO BOX 457, LORAINE, TX 79532

Signing Officer

Name
Brandon Mcdowell
Title
Director
Signed
2017-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Mcdowell
Formed
2008
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
7
Employees
0

Preparer

Firm
James E Rodgers & Company
Address
20 SW 3rd St, Hamlin, TX 79520
Preparer
Richard E RodgersCPA
Phone
3255762356
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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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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0756001978
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0869680
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LORAINE INDEPENDENT SCHOOL DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0869680
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/TotalBookValueSecuritiesAmt02168587
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE DIRECTORS OF THE FOUNDATION BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS SUCH AS THE CERTIFICATE OF FORMATION, CERTIFICATE OF FILING BY THE OFFICE OF THE SECRETARY OF STATE OF TEXAS, BYLAWS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC AT THE LORAINE INDEPENDENT SCHOOL DISTRICT, 800 SOUTH LIGHTFOOT STREET, LORAINE, TX 79532.
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02430215
IRS990/TotalAssetsEOYAmt02751682
IRS990/TotalAssetsGrp/BOYAmt02430215
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039068
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0678491
IRS990/TotalFunctionalExpensesGrp/TotalAmt0717559
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02751682
IRS990/TotalProgramServiceExpensesAmt0678491
IRS990/TotalProgramServiceRevenueAmt0869680
IRS990/TotalRevenueGrp/ExclusionAmt089600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0949426
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02430215
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02751682
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 457
IRS990/USAddress/CityNm0LORAINE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079532
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDON MCDOWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORAINE EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LORA
ReturnHeader/Filer/EIN0611598206
ReturnHeader/Filer/PhoneNum03257372235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 457
ReturnHeader/Filer/USAddress/CityNm0LORAINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079532
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James E Rodgers & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 SW 3rd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hamlin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079520
ReturnHeader/PreparerPersonGrp/PhoneNum03255762356
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard E RodgersCPA
ReturnHeader/ReturnTs02017-01-11T14:02:10-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,751,682
Liabilities
$0
Net assets
$2,751,682
Revenue
$1,039,026
Expenses
$717,559
Net income
$321,467
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.72$0.00$3.72$0.14$0.16$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$0.00$4.93$1.15$0.10$1.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.00$3.89$0.13$0.05$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.00$3.81$0.11$0.17$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.00$3.87$0.38$0.21$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$0.00$3.70$0.73$0.34$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.00$3.31$0.78$0.22$0.56
2016Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$1.04$0.72$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$1.01$1.22$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$1.21$1.19$0.01
2013Summary only. Only limited summary data is available for this year.$2.63$0.00$2.63$1.21$0.23$0.99
2012Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$1.02$0.26$0.76
2011Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.91$0.03$0.89