Civic Intelligence

Loraine Education Foundation Inc.

990 • Fiscal year 2022 • EIN 61-1598206

Sep 01, 2021 to Aug 31, 2022 • Filed on Jan 25, 2023

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$95,700

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

762%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$4,934,484

Up $1,046,925 (+27%) from 2021

Net Assets

Up

$4,934,484

Up $1,046,925 (+27%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin98th percentile

Revenue

Up

$1,148,636

Up $1,015,323 (+762%) from 2021

Expenses

Up

$101,711

Up $47,087 (+86%) from 2021

Net Income

Up

$1,046,925

Up $968,236 (+1230%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2022

Assets$4,934,484
Liabilities$0
Net Assets$4,934,484
Open 2022 Filing

Operations Trend

Revenue Growth99th 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

2022

Revenue$1,148,636
Expenses$101,711
Net Income$1,046,925
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jan 25, 2023
Return Version
2021v4.1
Gross Receipts
$1,148,636
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$3,281,984$4,637,971▲ $1,355,987
Savings and Temporary Cash Investments$605,575$296,513▼ $309,062
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$3,887,559$4,934,484▲ $1,046,925
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,887,559$4,934,484▲ $1,046,925
Total Net Assets Fund Balance$3,887,559$4,934,484▲ $1,046,925
Total Liabilities and Net Assets / Fund Balance$3,887,559$4,934,484▲ $1,046,925
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleOtherTotal
Dustin AndersDirector$95,700$95,700

Board Members and Trustees

NameTitle
Daphne FowlerDirector
Dwayne SmithDirector
Frank Garcia JrDirector
Joe LujanDirector
John ChaneyDirector
Susan SanchezDirector
Tabatha DelgadoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,148,636
Other Revenue
$0
Change in Net Assets
$1,046,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,711
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
Fees for Service Investment Mgmnt Fees-$13,844-$13,844
Other Expenses$22,641$412-$412
Total Functional Expenses$87,455$14,256$0$101,711
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 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
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
Dustin Anders
Title
Director
Signed
2023-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dustin Anders
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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ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,934,484
Liabilities
$0
Net assets
$4,934,484
Revenue
$1,148,636
Expenses
$101,711
Net income
$1,046,925
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
2022Detailed filing. Detailed filing data is available for this year.$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