Civic Intelligence

Elk City Educational Foundation

990 • Fiscal year 2018 • EIN 73-1361556

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

PO Box 2017Elk City, OK 73648

(580) 225-9561

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

1.2%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-8.0%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,502,751

Up $17,440 (+1.2%) from 2017

Net Assets

Up

$1,502,751

Up $17,440 (+1.2%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$81,848

Down $7,097 (-8.0%) from 2017

Expenses

Down

$64,408

Down $1,688 (-2.6%) from 2017

Net Income

Down

$17,440

Down $5,409 (-24%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,354,910Liabilities 2012: $0Net Assets 2012: $1,354,9102012Assets 2013: $1,379,938Liabilities 2013: $0Net Assets 2013: $1,379,9382013Assets 2014: $1,416,110Liabilities 2014: $0Net Assets 2014: $1,416,1102014Assets 2015: $1,446,294Liabilities 2015: $0Net Assets 2015: $1,446,2942015Assets 2016: $1,462,462Liabilities 2016: $0Net Assets 2016: $1,462,4622016Assets 2017: $1,485,311Liabilities 2017: $0Net Assets 2017: $1,485,3112017Assets 2018: $1,502,751Liabilities 2018: $0Net Assets 2018: $1,502,7512018Assets 2019: $1,539,525Liabilities 2019: $0Net Assets 2019: $1,539,5252019Assets 2020: $1,549,497Liabilities 2020: $0Net Assets 2020: $1,549,4972020Assets 2021: $1,620,062Liabilities 2021: $0Net Assets 2021: $1,620,0622021Assets 2022: $1,662,837Liabilities 2022: $0Net Assets 2022: $1,662,8372022Assets 2023: $1,765,472Liabilities 2023: $0Net Assets 2023: $1,765,4722023Assets 2024: $1,757,727Liabilities 2024: $0Net Assets 2024: $1,757,7272024

Highlighted filing

2018

Assets$1,502,751
Liabilities$0
Net Assets$1,502,751

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2012: $36,4782012Expenses 2013: $118,1372013Revenue 2014: $98,591Expenses 2014: $62,419Net Income 2014: $36,1722014Revenue 2015: $106,355Expenses 2015: $76,171Net Income 2015: $30,1842015Revenue 2016: $80,595Expenses 2016: $64,427Net Income 2016: $16,1682016Revenue 2017: $88,945Expenses 2017: $66,096Net Income 2017: $22,8492017Revenue 2018: $81,848Expenses 2018: $64,408Net Income 2018: $17,4402018Revenue 2019: $100,873Expenses 2019: $64,099Net Income 2019: $36,7742019Revenue 2020: $78,252Expenses 2020: $68,280Net Income 2020: $9,9722020Revenue 2021: $140,171Expenses 2021: $69,606Net Income 2021: $70,5652021Revenue 2022: $85,139Expenses 2022: $39,310Net Income 2022: $45,8292022Revenue 2023: $133,123Expenses 2023: $30,488Net Income 2023: $102,6352023Revenue 2024: $99,826Expenses 2024: $103,494Net Income 2024: -$3,6682024

Highlighted filing

2018

Revenue$81,848
Expenses$64,408
Net Income$17,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.2
Gross Receipts
$339,067
Mission and Program Overview

Mission

Enhance academic programs of excellence in the classrooms of the elk city public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,219,560$1,418,342▲ $198,782
Savings and Temporary Cash Investments$265,751$84,409▼ $181,342
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 Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,485,311$1,502,751▲ $17,440
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,485,311$1,502,751▲ $17,440
Total Net Assets Fund Balance$1,485,311$1,502,751▲ $17,440
Total Liabilities and Net Assets / Fund Balance$1,485,311$1,502,751▲ $17,440

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,485,311$25,253▲ $56,595$4,408$1,502,751
2016$1,462,462$27,843▲ $61,102$6,096$1,485,311
2015$1,446,294$29,477▲ $51,117$7,470$1,462,462
2014$1,416,111$42,135▲ $64,220$8,220$1,446,294
2013$1,379,938$31,759▲ $66,833$7,204$1,416,111
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent MeadorPresident
Darrin SchmidtVice President
Andrew AlbertTrustee
Anna PriceTrustee
Basil WeatherlyTrustee
Carla GarrisonTrustee
Cheryl FirthTrustee
Cindy BuckmasterTrustee
Corbin DysonTrustee
Jeff WatersTrustee
Jim CoffeyTrustee
Rick GarrisonTrustee
Sandy WernerTrustee
Terrie TeelTrustee
Tony MiklesSecretary
Katie ArcherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,253
Program Service Revenue
$0
Investment Income
$56,595
Other Revenue
$0
All Other Contributions
$25,253
Change in Net Assets
$17,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,000
Other Expenses$4,408
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$60,000--$60,000
Fees for Services Legal$4,320--$4,320
Other Expenses$88--$88
Total Functional Expenses$64,408$0$0$64,408
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ELK CITY ISD #6Elk City, OK--$60,000
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
No
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
No
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

A trustee prepares form 990 and the treasurer reviews it.

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

Public may request a copy of 990 from treasurer.

Filing and Contact Details

Filer

Filer Name
Elk City Educational Foundation
EIN
73-1361556
Phone
5802259561
Address
PO BOX 2017, ELK CITY, OK 73648

Signing Officer

Name
Katie Archer
Title
Treasurer
Signed
2018-11-06

Organization Details

Legal Domicile
Ok
Voting Board Members
16
Independent Board Members
0
Employees
0
Supplemental Narrative

Financial Statement Notes

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

Earnings from the quasi-endowment fund are paid out annually as grants to enhance Elk City ISD #6 educational resources in its classrooms.

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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Earnings from the quasi-endowment fund are paid out annually as grants to enhance Elk City ISD #6 educational resources in its classrooms.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELK CITY ISD #6
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0222 W BROADWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELK CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073644

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.10$0.10$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.13$0.03$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.09$0.04$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$0.14$0.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.08$0.07$0.01
2019Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$0.10$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.08$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.09$0.07$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.08$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.11$0.08$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$0.10$0.06$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits