Civic Intelligence

Fairhope Educational Enrichment Foundation Inc.

990 • Fiscal year 2017 • EIN 63-1159813

Aug 01, 2016 to Jul 31, 2017 • Filed on Jan 11, 2018

82 Plantation Pointe 307Fairhope, AL 36532

(251) 990-3333

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

61st percentile

7.2%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,559,962

Up $172,902 (+7.2%) from 2016

Net Assets

Up

$2,557,070

Up $171,773 (+7.2%) from 2016

Liabilities

Up

$2,892

Up $1,129 (+64%) from 2016

Revenue

Up

$300,015

Up $48,343 (+19%) from 2016

Expenses

Down

$223,023

Down $60,362 (-21%) from 2016

Net Income

Up

$76,992

Up $108,705 (+343%) 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 2012: $1,969,620Liabilities 2012: $855Net Assets 2012: $1,968,7652012Assets 2013: $2,034,838Liabilities 2013: $1,000Net Assets 2013: $2,033,8382013Assets 2014: $2,130,216Liabilities 2014: $1,798Net Assets 2014: $2,128,4182014Assets 2015: $2,432,770Liabilities 2015: $1,700Net Assets 2015: $2,431,0702015Assets 2016: $2,387,060Liabilities 2016: $1,763Net Assets 2016: $2,385,2972016Assets 2017: $2,559,962Liabilities 2017: $2,892Net Assets 2017: $2,557,0702017Assets 2018: $2,672,881Liabilities 2018: $2,945Net Assets 2018: $2,669,9362018Assets 2019: $2,672,851Liabilities 2019: $1,751Net Assets 2019: $2,671,1002019Assets 2020: $2,716,321Liabilities 2020: $1,750Net Assets 2020: $2,714,5712020Assets 2021: $3,088,043Liabilities 2021: $1,751Net Assets 2021: $3,086,2922021Assets 2022: $3,097,438Liabilities 2022: $1,740Net Assets 2022: $3,095,6982022Assets 2023: $3,598,005Liabilities 2023: $364,963Net Assets 2023: $3,233,0422023Assets 2024: $3,649,635Liabilities 2024: $198,867Net Assets 2024: $3,450,7682024Assets 2025: $3,726,195Liabilities 2025: $149,732Net Assets 2025: $3,576,4632025

Highlighted filing

2017

Assets$2,559,962
Liabilities$2,892
Net Assets$2,557,070

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $213,355Expenses 2012: $174,121Net Income 2012: $39,2342012Revenue 2013: $203,503Expenses 2013: $278,800Net Income 2013: -$75,2972013Revenue 2014: $246,260Expenses 2014: $227,771Net Income 2014: $18,4892014Revenue 2015: $507,414Expenses 2015: $258,006Net Income 2015: $249,4082015Revenue 2016: $251,672Expenses 2016: $283,385Net Income 2016: -$31,7132016Revenue 2017: $300,015Expenses 2017: $223,023Net Income 2017: $76,9922017Revenue 2018: $326,200Expenses 2018: $262,814Net Income 2018: $63,3862018Revenue 2019: $289,154Expenses 2019: $280,754Net Income 2019: $8,4002019Revenue 2020: $346,158Expenses 2020: $251,993Net Income 2020: $94,1652020Revenue 2021: $311,605Expenses 2021: $248,454Net Income 2021: $63,1512021Revenue 2022: $560,788Expenses 2022: $293,302Net Income 2022: $267,4862022Revenue 2023: $365,385Expenses 2023: $262,431Net Income 2023: $102,9542023Revenue 2024: $531,996Expenses 2024: $262,351Net Income 2024: $269,6452024Revenue 2025: $406,971Expenses 2025: $281,276Net Income 2025: $125,6952025

Highlighted filing

2017

Revenue$300,015
Expenses$223,023
Net Income$76,992
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jan 11, 2018
Return Version
2016v3.0
Gross Receipts
$336,731
Mission and Program Overview

Mission

To promote and enrich educational opportunities for all fairhope public school students.

The organization provides grants and support to public schools in the fairhope community. The purpose is to aid educational programs and facilities and provide funding for the betterment of education in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,881,926$1,944,708▲ $62,782
Cash and Non-Interest-Bearing Accounts$504,341$614,948▲ $110,607
Land, Buildings, and Equipment, Net$793$306▼ $487
Total Assets$2,387,060$2,559,962▲ $172,902
Liabilities
Other Liabilities$1,763$2,892▲ $1,129
Total Liabilities$1,763$2,892▲ $1,129
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,409,084$1,409,084→ $0
Unrestricted Net Assets$662,377$824,081▲ $161,704
Temporarily Rstr Net Assets$313,836$323,905▲ $10,069
Total Net Assets Fund Balance$2,385,297$2,557,070▲ $171,773
Total Liabilities and Net Assets / Fund Balance$2,387,060$2,559,962▲ $172,902

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$306$6,397$6,703
Investment Program Related Org$305,980--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,881,925-▲ $182,467-$1,944,708
2015$1,927,375$21,370▼ $2,429-$1,881,925
2014$1,938,569$6,893▲ $92,647-$1,927,375
2013$1,848,461$10,142▲ $178,088-$1,938,569
2012$1,737,719$11,214▲ $196,500-$1,848,461
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carrie MackeyPresident
Anne Frost KennedyBoard Member
Ashley GordonBoard Member
Carlton SpinksBoard Member
Chuck HuguleyBoard Member
Erik NistBoard Member
Gretchen ValentineBoard Member
Jennifer BusbyBoard Member
John OldshueBoard Member
Kathy SternenbergBoard Member
Kristi HagoodBoard Member
Lisa TrotterBoard Member
Lorna MayrBoard Member
Nicole OlmstedBoard Member
Pat CarltonBoard Member
Paul BullingtonBoard Member
Rhydonna MoseleyBoard Member
Stephen DavisBoard Member
Stephen SearcyTreasurer
Amy FoleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$41,511
Program Service Revenue
$0
Investment Income
$88,898
Other Revenue
$169,606
All Other Contributions
$41,511
Change in Net Assets
$76,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,742
Other Expenses$48,072
Salaries, Compensation, and Employee Benefits$44,209
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$130,742--$130,742
Other Salaries and Wages-$44,209-$44,209
Fees for Service Investment Mgmnt Fees$29,094--$29,094
Information Technology-$2,615-$2,615
Office Expenses-$2,349-$2,349
Advertising-$2,121-$2,121
Fees for Services Accounting-$1,700-$1,700
Other Expenses$1,570--$1,570
Insurance-$1,368-$1,368
Depreciation Depletion-$487-$487
All Other Expenses-$344-$344
Total Functional Expenses$167,830$55,193$0$223,023
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fairhope Elementary SchoolFairhope, AL--$46,190
Fairhope Middle SchoolFairhope, AL--$25,896
J Larry Newton SchoolFairhope, AL--$18,508
Fairhope Intermediate SchoolFairhope, AL--$18,389
Fairhope High SchoolFairhope, AL--$15,530
Rotary Youth ClubFairhope, AL--$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$206,322
Fundraising Direct Expenses$36,716
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Phantasy of the$139,404$139,404$29,398$110,006
Golf Tournament$63,082$63,082$4,083$58,999
Total Events$202,486$202,486$33,481$169,005
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$2,892
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

The board of directors are given the tax return to review and approve upon request.

Form 990, Page 6, Part VI, Line 12C

The foundation's conflict of interest policy is monitored regularly by the board members. Matters related to monitoring and enforcemnt of conflict of interest policy are recorded in the minutes to the board meetings and are available upon request.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Fairhope Educational Enrichment
EIN
63-1159813
Phone
2519903333
Address
82 PLANTATION POINTE 307, FAIRHOPE, AL 36532

Signing Officer

Name
Carrie Mackey
Title
President
Phone
2519903333
Signed
2018-01-11

Organization Details

Principal Officer
Carrie Mackey
Formed
1996
Legal Domicile
Al
Voting Board Members
20
Independent Board Members
20
Employees
1

Preparer

Firm
Hartmann Blackmon & Kilgore Pc
Address
PO BOX 1469, FAIRHOPE, AL 36533-1469
Preparer
Dennis Sherrin
Phone
2519282443
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization intends to use the income earned on the endowment funds to enhance the public school system in fairhope, alabama. They intend to provide classroom grants and funding for educational programs such as art education.

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02349
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1FRIENDS OF FEEF
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3STEAM LAB
IRS990/OtherExpensesGrp/ProgramServicesAmt03200
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IRS990/OtherExpensesGrp/ProgramServicesAmt21574
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IRS990/OtherExpensesGrp/TotalAmt11650
IRS990/OtherExpensesGrp/TotalAmt21574
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044209
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IRS990/PartialLiquidationInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01409084
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01409084
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CARRIE MACKEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040681
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0174196
IRS990/PYInvestmentIncomeAmt044875
IRS990/PYOtherExpensesAmt043816
IRS990/PYOtherRevenueAmt0166116
IRS990/PYRevenuesLessExpensesAmt0-31713
IRS990/PYSalariesCompEmpBnftPaidAmt065373
IRS990/PYTotalExpensesAmt0283385
IRS990/PYTotalRevenueAmt0251672
IRS990/ReconcilationRevenueExpnssAmt076992
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING 578,067
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040681
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0341078
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt037471
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt040005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0102263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt057729
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IRS990ScheduleA/InvestmentIncomeCYPct00.21000
IRS990ScheduleA/InvestmentIncomePYPct00.20000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0126330
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0146504
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0578067
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.42120
IRS990ScheduleA/PublicSupportPY509Pct00.32510
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt040681
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt037471
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IRS990ScheduleA/Total509Grp/TotalAmt0663538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0300015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0251673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0507413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0278850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0237424
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01575375
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
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01881925
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01944708
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt090590
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0182467
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt016794
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01927375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021370
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01881925
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt079620
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2429
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt023733
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01938569
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01927375
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt087000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt092647
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt023382
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01848461
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010142
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01938569
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt074740
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0178088
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt021972
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01737719
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt011214
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01848461
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt075000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0196500
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.73$0.15$3.58$0.41$0.28$0.13
2024Detailed filing. Detailed filing data is available for this year.$3.65$0.20$3.45$0.53$0.26$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.36$3.23$0.37$0.26$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.56$0.29$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.00$3.09$0.31$0.25$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.71$0.35$0.25$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.29$0.28$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.33$0.26$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.30$0.22$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.25$0.28$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.51$0.26$0.25
2014Summary only. Only limited summary data is available for this year.$2.13$0.00$2.13$0.25$0.23$0.02
2013Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.20$0.28$0.08
2012Summary only. Only limited summary data is available for this year.$1.97$0.00$1.97$0.21$0.17$0.04