Civic Intelligence

Okeechobee Educational Foundation Inc

990 • Fiscal year 2014 • EIN 65-0219235

Jan 01, 2014 to Dec 31, 2014 • Filed on May 01, 2015

700 SW 2nd AvenueOkeechobee, FL 34974

(863) 462-5000

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

76th percentile

27%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

34th percentile

-8.3%

Faster revenue growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$242,584

Up $50,837 (+27%) from 2013

Net Assets

Down

$150,110

Down $41,637 (-22%) from 2013

Liabilities

Up

$92,474

Up $92,474 from 2013

Revenue

Down

$323,536

Down $29,119 (-8.3%) from 2013

Expenses

Down

$288,537

Down $56,814 (-16%) from 2013

Net Income

Up

$34,999

Up $27,695 (+379%) from 2013

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $181,276Liabilities 2010: $0Net Assets 2010: $181,2762010Assets 2011: $188,510Liabilities 2011: $0Net Assets 2011: $188,5102011Assets 2012: $184,443Liabilities 2012: $0Net Assets 2012: $184,4432012Assets 2013: $191,747Liabilities 2013: $0Net Assets 2013: $191,7472013Assets 2014: $242,584Liabilities 2014: $92,474Net Assets 2014: $150,1102014Assets 2015: $287,206Liabilities 2015: $103,083Net Assets 2015: $184,1232015Assets 2016: $244,781Liabilities 2016: $75,603Net Assets 2016: $169,1782016Assets 2017: $263,077Liabilities 2017: $81,545Net Assets 2017: $181,5322017Assets 2018: $290,131Liabilities 2018: $83,253Net Assets 2018: $206,8782018Assets 2019: $299,360Liabilities 2019: $91,079Net Assets 2019: $208,2812019Assets 2020: $362,465Liabilities 2020: $90,922Net Assets 2020: $271,5432020Assets 2021: $270,720Liabilities 2021: $31,767Net Assets 2021: $238,9532021Assets 2022: $300,360Liabilities 2022: $33,672Net Assets 2022: $266,6882022Assets 2023: $385,812Liabilities 2023: $56,557Net Assets 2023: $329,2552023Assets 2024: $524,804Liabilities 2024: $600Net Assets 2024: $524,2042024

Highlighted filing

2014

Assets$242,584
Liabilities$92,474
Net Assets$150,110

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $313,6562010Expenses 2011: $315,3662011Expenses 2012: $373,0252012Revenue 2013: $352,655Expenses 2013: $345,351Net Income 2013: $7,3042013Revenue 2014: $323,536Expenses 2014: $288,537Net Income 2014: $34,9992014Revenue 2015: $330,437Expenses 2015: $515,031Net Income 2015: -$184,5942015Revenue 2016: $296,431Expenses 2016: $311,376Net Income 2016: -$14,9452016Revenue 2017: $312,544Expenses 2017: $300,190Net Income 2017: $12,3542017Revenue 2018: $295,318Expenses 2018: $269,972Net Income 2018: $25,3462018Revenue 2019: $222,192Expenses 2019: $220,789Net Income 2019: $1,4032019Revenue 2020: $285,957Expenses 2020: $222,695Net Income 2020: $63,2622020Revenue 2021: $251,766Expenses 2021: $284,356Net Income 2021: -$32,5902021Revenue 2022: $390,704Expenses 2022: $362,969Net Income 2022: $27,7352022Revenue 2023: $605,415Expenses 2023: $542,848Net Income 2023: $62,5672023Revenue 2024: $1,400,727Expenses 2024: $1,205,778Net Income 2024: $194,9492024

Highlighted filing

2014

Revenue$323,536
Expenses$288,537
Net Income$34,999
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 1, 2015
Return Version
2014v5.0
Gross Receipts
$323,536
Mission and Program Overview

Mission

Provide scholarships to students in okeechobee county; recognize teachers in the okeechobee county school system; support cultural activity in okeechobee county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$181,290$189,821▲ $8,531
Rtn Earn Endowment Incm Other Fnds$191,747$150,110▼ $41,637
Cash and Non-Interest-Bearing Accounts$10,457$44,983▲ $34,526
Pledges and Grants Receivable-$7,780-
Total Assets$191,747$242,584▲ $50,837
Liabilities
Other Liabilities-$88,776-
Grants Payable-$3,698-
Total Liabilities$0$92,474▲ $92,474
Net Assets / Fund Balance
Total Net Assets Fund Balance$191,747$150,110▼ $41,637
Total Liabilities and Net Assets / Fund Balance$191,747$242,584▲ $50,837
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda SyfrettPresident
Ben SimsDirector
Celeste WatfordDirector
Debbie ClementsDirector
Denise WhiteheadDirector
Dr Patricia CooperDirector
ERIN O'NEALDirector
Gretchen RobertsonDirector
Jeff SabinDirector
Joseph StanleyDirector
Kelly OwensDirector
Ken KenworthyDirector
Mike CostopoulosDirector
Phoebe RaulersonDirector
Russ BrownDirector
Tabitha TrentDirector
Tom W ConleyParliamentar
Dawn HooverSecretary
Sharon VinsonTreasurer
Mary HurleyVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$322,860
Program Service Revenue
$0
Investment Income
$676
Other Revenue
$0
All Other Contributions
$322,860
Change in Net Assets
$34,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$323,536
Total Revenue per Audited Statements
$323,536
Total Revenue per Form 990
$323,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$268,737
Other Expenses$19,800
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$268,737--$268,737
Fees for Services Accounting-$805-$805
Other Expenses$411$363-$363
All Other Expenses-$361-$361
Total Functional Expenses$287,008$1,529$0$288,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$288,537
Total Expenses per Audited Statements$288,537
Total Expenses per Form 990$288,537
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Agencies$88,776
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 form 990 is reviewed by the board of directors prior to submission.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Okeechobee Educational
EIN
65-0219235
Phone
8634625000
Address
700 SW 2ND AVENUE, OKEECHOBEE, FL 34974

Signing Officer

Name
Linda Syfrett
Title
President
Phone
8634625000
Signed
2015-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Vinson Treasurer
Formed
1989
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
Wicks Brown Williams & Co
Address
504 N W 5TH AVENUE, OKEECHOBEE, FL 34972
Preparer
Cheryl M Williams
Phone
8637632354
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Support various other educational and cultural activities in okeechobee county.

Form 990, Part XI, Line 9

Section 481(a) adjustment 76,636

Form 990, Page 12, Part XII, Line 1

The foundation filed form 990 for the year ended december 31, 2013 on the cash basis of accounting. This return was prepared on the accrual basis of accounting which management believes better reflects the foundation's income and expense. The foundation's books and records and financial statements are also prepared using the accrual basis of accounting. Form 3115 requesting automatic approval for this chang in method of accounting is attached to the return. A section 481 adjustment has been recorded for the impact of this change on net assets.

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IRS990/PYInvestmentIncomeAmt0519
IRS990/PYOtherExpensesAmt069424
IRS990/PYRevenuesLessExpensesAmt07304
IRS990/PYTotalExpensesAmt0345351
IRS990/PYTotalRevenueAmt0352655
IRS990/ReconcilationRevenueExpnssAmt034999
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0276421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0191747
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0150110
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0181290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0189821
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0322861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0312137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0368074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0321148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0316036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01640256
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0676
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0858
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04389
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99730
IRS990ScheduleA/PublicSupportPY170Pct00.99200
IRS990ScheduleA/PublicSupportTotal170Amt01640256
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0322861
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0312137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0368074
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0321148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0316036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01640256
IRS990ScheduleA/TotalSupportAmt01644645
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0288537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER AGENCIES
IRS990ScheduleD/RevenueSubtotalAmt0323536
IRS990ScheduleD/TotalExpensesPerForm990Amt0288537
IRS990ScheduleD/TotalLiabilityAmt088776
IRS990ScheduleD/TotalRevenuePerForm990Amt0323536
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0323536
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0288537
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0251337
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt117400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1MINI-GRANTS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT VARIOUS OTHER EDUCATIONAL AND CULTURAL ACTIVITIES IN OKEECHOBEE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SECTION 481(A) ADJUSTMENT 76,636
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION FILED FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2013 ON THE CASH BASIS OF ACCOUNTING. THIS RETURN WAS PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING WHICH MANAGEMENT BELIEVES BETTER REFLECTS THE FOUNDATION'S INCOME AND EXPENSE. THE FOUNDATION'S BOOKS AND RECORDS AND FINANCIAL STATEMENTS ARE ALSO PREPARED USING THE ACCRUAL BASIS OF ACCOUNTING. FORM 3115 REQUESTING AUTOMATIC APPROVAL FOR THIS CHANG IN METHOD OF ACCOUNTING IS ATTACHED TO THE RETURN. A SECTION 481 ADJUSTMENT HAS BEEN RECORDED FOR THE IMPACT OF THIS CHANGE ON NET ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0191747
IRS990/TotalAssetsEOYAmt0242584
IRS990/TotalAssetsGrp/BOYAmt0191747
IRS990/TotalAssetsGrp/EOYAmt0242584
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0322860
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0287008
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt092474
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt092474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0191747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0150110
IRS990/TotalProgramServiceExpensesAmt0287008
IRS990/TotalRevenueGrp/ExclusionAmt0676
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323536
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0191747
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0242584
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 SW 2ND AVENUE
IRS990/USAddress/CityNm0OKEECHOBEE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034974
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0HTTP://WWW.CFEF.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA SYFRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08634625000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OKEECHOBEE EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OKEE
ReturnHeader/Filer/EIN0650219235
ReturnHeader/Filer/PhoneNum08634625000
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 SW 2ND AVENUE
ReturnHeader/Filer/USAddress/CityNm0OKEECHOBEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034974
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591863867
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WICKS BROWN WILLIAMS & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0504 N W 5TH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKEECHOBEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034972
ReturnHeader/PreparerPersonGrp/PhoneNum08637632354
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERYL M WILLIAMS
ReturnHeader/ReturnTs02015-05-01T14:31:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$1.40$1.21$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.06$0.33$0.61$0.54$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.03$0.27$0.39$0.36$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.03$0.24$0.25$0.28$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.09$0.27$0.29$0.22$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.09$0.21$0.22$0.22$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.08$0.21$0.30$0.27$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.08$0.18$0.31$0.30$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.08$0.17$0.30$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.10$0.18$0.33$0.52$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.09$0.15$0.32$0.29$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.35$0.35$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.31