Civic Intelligence

Excellence in Education Foundation

990 • Fiscal year 2022 • EIN 68-0105303

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 07, 2022

PO Box 2951Truckee, CA 96160

(530) 550-7984

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

50th percentile

$57,990

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

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

Asset Growth

23rd percentile

-8.2%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Down

$2,613,891

Down $233,107 (-8.2%) from 2021

Net Assets

Down

$2,595,971

Down $234,090 (-8.3%) from 2021

Liabilities

Up

$17,920

Up $983 (+5.8%) from 2021

Revenue

Up

$448,906

Up $106,651 (+31%) from 2021

Expenses

Down

$251,796

Down $157,846 (-39%) from 2021

Net Income

Up

$197,110

Up $264,497 (+393%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,406,085Liabilities 2016: $2,886Net Assets 2016: $2,403,1992016Assets 2017: $2,664,746Liabilities 2017: $5,677Net Assets 2017: $2,659,0692017Assets 2018: $2,704,829Liabilities 2018: $4,153Net Assets 2018: $2,700,6762018Assets 2020: $2,431,918Liabilities 2020: $15,093Net Assets 2020: $2,416,8252020Assets 2021: $2,846,998Liabilities 2021: $16,937Net Assets 2021: $2,830,0612021Assets 2022: $2,613,891Liabilities 2022: $17,920Net Assets 2022: $2,595,9712022

Highlighted filing

2022

Assets$2,613,891
Liabilities$17,920
Net Assets$2,595,971

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $370,810Expenses 2016: $344,327Net Income 2016: $26,4832016Revenue 2017: $420,725Expenses 2017: $318,744Net Income 2017: $101,9812017Revenue 2018: $717,194Expenses 2018: $362,034Net Income 2018: $355,1602018Revenue 2020: $178,057Expenses 2020: $432,533Net Income 2020: -$254,4762020Revenue 2021: $342,255Expenses 2021: $409,642Net Income 2021: -$67,3872021Revenue 2022: $448,906Expenses 2022: $251,796Net Income 2022: $197,1102022

Highlighted filing

2022

Revenue$448,906
Expenses$251,796
Net Income$197,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$451,803
Mission and Program Overview

Mission

To enhance public education within the Tahoe Truckee Unified School District to strengthen the learning experience for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$144,749$292,012▲ $147,263
Savings and Temporary Cash Investments-$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 Other Securities-$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$2,846,998$2,613,891▼ $233,107
Other Assets Total$2,702,249$2,321,879▼ $380,370
Liabilities
Accounts Payable and Accrued Expenses$16,937$17,920▲ $983
Total Liabilities$16,937$17,920▲ $983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,653,991$2,435,773▼ $218,218
Net Assets With Donor Restrictions$176,070$160,198▼ $15,872
Total Net Assets Fund Balance$2,830,061$2,595,971▼ $234,090
Total Liabilities and Net Assets / Fund Balance$2,846,998$2,613,891▼ $233,107

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,321,879--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,294,230-▼ $259,520-$1,961,960
2020$1,927,323-▲ $442,907-$2,294,230
2019$2,146,924$2,500▼ $143,101-$1,927,323
2018$2,109,722$67,280▲ $51,422-$2,146,924
2017$2,095,457$2,500▲ $88,165-$2,109,722
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura BrownExecutive DirectorPT$54,193$3,797$57,990

Board Members and Trustees

NameTitle
Cindy FloresPast President
Elena DelunaPresident
Denise StreckerDirector
Erin FlynnDirector
Jerusha HallDirector
Jojo RouasDirector
Jooly HopkinsDirector
Katja DahlDirector
Kelli TwomeyDirector
Kirsten PekarekDirector
Lauren ChoreyDirector
Lee HansenDirector
Lisa LaliotisDirector
Liza SmithDirector
Megan EvansDirector
Nathan KendallDirector
Sarah BieblDirector
Sarah CoustetteDirector
Shelly PurdyDirector
Susie OverallDirector
Bill AustinCFO
Jaime GignouxTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None Threshhold---
Revenue and Support

Revenue Composition

Contributions and Grants
$119,650
Program Service Revenue
$0
Investment Income
$124,738
Other Revenue
$204,518
All Other Contributions
$119,650
Change in Net Assets
$197,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,987
Salaries, Compensation, and Employee Benefits$86,468
Other Expenses$60,341
Total Fundraising Expense$32,209
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$103,987--$103,987
Current Officers, Directors, Trustees, and Key Employees$31,926$15,963$15,963$63,852
Fees for Services Other$9,950$13,322$9,600$32,872
Other Salaries and Wages$8,137$4,883$3,255$16,275
Payroll Taxes$3,170$1,653$1,518$6,341
Fees for Services Accounting-$6,236-$6,236
Other Expenses$3,520$4,317$1,222$4,317
Insurance-$1,159-$1,159
All Other Expenses-$425$578$1,003
Grants to Domestic Individuals$1,000--$1,000
Advertising--$73$73
Total Functional Expenses$166,840$52,747$32,209$251,796
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tahoe Truckee Unified S DTruckee, CA-Education$54,522
Sierra Watershed Educ PartnerTahoe City, CA-Science$19,347
Aim High For High SchoolSan Francisco, CA-Literacy$15,000
Crisis Intervention ServicesIncline Village, NV-Literacy$9,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$207,415
Fundraising Direct Expenses$2,897
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ski for Schools$107,040$107,040$1,572$105,468
Golf Passes$100,375$100,375$1,325$99,050
Total Events$207,415$207,415$2,897$204,518
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Part VI, Line 4: Description of Significant Changes to Organizational Documents

The organization revised it's bylaws mostly to modernize them. The only change that was significant was that a minimum of seven (7) board members was established. The maximum number of thirty-five (35) remains unchanged.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is distributed to the Board of Directors via email prior to the board meeting. The Foundation's CPA is available for questions via phone or email. The return is then discussed and approved at the Board of Directors meeting prior to mailing to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to read the conflict of interest policy and disclose any related parties or conflicts annually. Conflicts are evaluated by both staff and board members on an ongoing basis. Board members with conflicts abstain from voting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director is an employee of the contracted administrative provider (TTCF). TTCF frequently looks at the League of California Community Foundations salary schedule combined with salaries of local nonprofits. This comparison is used as a guiideline for salaries for both TTCF and therefore, Excellence in Education. The President of TTCF discusses salary/compensation and occasional bonuses on an annual basis. Excellence in Education's president and vice president conducts an annual written and verbal review with the Excecutive Director and all documents are kept on file both with TTCF and Excellence in Education. Excellence in Education's Executive Director salary is approved by the full board of directors of Excellence in Education.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Other officers are not compensated for board duties. If hired for other services the conflict of interest policy is followed and compensation is expected to be at or below market rates based on proposals received from other local providers. There are no key employees.

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

Excellence in Education is located in an office that is open Monday-Friday from 9am-5pm. Most documents are available on site with others in a nearby offsite facility.The Executive Director is available to pull documents upon request. Documents are also available upon request via phone, mail or email and can be provided via email or snail mail, as needed, by the Executive Director.

Filing and Contact Details

Filer

Filer Name
Excellence in Education
EIN
68-0105303
Phone
5305507984
Address
PO BOX 2951, TRUCKEE, CA 96160

Signing Officer

Name
Laura Brown
Title
Executive Director
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Brown
Formed
1986
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
45

Preparer

Firm
Nicole S Sachse CPA
Address
10666 DOGWOOD RD, TRUCKEE, CA 96161
Preparer
Nicole S Sachse
Phone
5305501536
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Quasi-Endowment was created by the board of directors to help support and fund annual grants to the Tahoe Truckee Unified School District.

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