Civic Intelligence

Grove Education Foundation for Excellence Inc.

990 • Fiscal year 2016 • EIN 73-1527589

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 03, 2017

PO Box 453335Grove, OK 74345

(918) 257-5641

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

1st percentile

-0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

92nd percentile

49%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

71st percentile

9.3%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

97%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,538,729

Up $131,021 (+9.3%) from 2015

Net Assets

Up

$1,539,911

Up $132,203 (+9.4%) from 2015

Liabilities

Down

-$1,182

Down $1,182 from 2015

Revenue

Up

$268,560

Up $132,207 (+97%) from 2015

Expenses

Up

$136,357

Up $39,043 (+40%) from 2015

Net Income

Up

$132,203

Up $93,164 (+239%) from 2015

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$0-$1.0MAssets 2010: $1,056,486Liabilities 2010: $0Net Assets 2010: $1,056,4862010Assets 2011: $1,071,252Liabilities 2011: $0Net Assets 2011: $1,071,2522011Assets 2012: $1,135,688Liabilities 2012: $0Net Assets 2012: $1,135,6882012Assets 2013: $1,331,222Liabilities 2013: $0Net Assets 2013: $1,331,2222013Assets 2014: $1,420,306Liabilities 2014: $6,354Net Assets 2014: $1,413,9522014Assets 2015: $1,407,708Liabilities 2015: $0Net Assets 2015: $1,407,7082015Assets 2016: $1,538,729Liabilities 2016: -$1,182Net Assets 2016: $1,539,9112016Assets 2017: $1,749,546Liabilities 2017: $24,069Net Assets 2017: $1,725,4772017Assets 2018: $1,677,009Liabilities 2018: $9,161Net Assets 2018: $1,667,8482018Assets 2019: $2,108,097Liabilities 2019: $28,495Net Assets 2019: $2,079,6022019Assets 2020: $2,347,481Liabilities 2020: $44,995Net Assets 2020: $2,302,4862020Assets 2021: $2,436,000Liabilities 2021: $72,451Net Assets 2021: $2,363,5492021Assets 2022: $2,571,615Liabilities 2022: $36,380Net Assets 2022: $2,535,2352022Assets 2023: $2,644,092Liabilities 2023: $8,830Net Assets 2023: $2,635,2622023Assets 2024: $2,946,125Liabilities 2024: $0Net Assets 2024: $2,946,1252024

Highlighted filing

2016

Assets$1,538,729
Liabilities-$1,182
Net Assets$1,539,911

Operations Trend

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

$600K$400K$200K$0Expenses 2010: $118,9052010Expenses 2011: $84,2642011Expenses 2012: $91,9052012Revenue 2013: $144,294Expenses 2013: $87,273Net Income 2013: $57,0212013Revenue 2014: $247,809Expenses 2014: $78,654Net Income 2014: $169,1552014Revenue 2015: $136,353Expenses 2015: $97,314Net Income 2015: $39,0392015Revenue 2016: $268,560Expenses 2016: $136,357Net Income 2016: $132,2032016Revenue 2017: $224,815Expenses 2017: $169,940Net Income 2017: $54,8752017Revenue 2018: $395,857Expenses 2018: $178,018Net Income 2018: $217,8392018Revenue 2019: $216,475Expenses 2019: $132,110Net Income 2019: $84,3652019Revenue 2020: $149,697Expenses 2020: $105,663Net Income 2020: $44,0342020Revenue 2021: $442,992Expenses 2021: $226,333Net Income 2021: $216,6592021Revenue 2022: $281,230Expenses 2022: $109,544Net Income 2022: $171,6862022Revenue 2023: $233,930Expenses 2023: $133,903Net Income 2023: $100,0272023Revenue 2024: $301,237Expenses 2024: $128,890Net Income 2024: $172,3472024

Highlighted filing

2016

Revenue$268,560
Expenses$136,357
Net Income$132,203
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$1,828,141
Mission and Program Overview

Mission

Support of Grove Public School to provide teaching supplies and materials as needed

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,024,646$1,036,318▲ $11,672
Investments Other Securities$154,767$236,641▲ $81,874
Savings and Temporary Cash Investments$200,003$203,316▲ $3,313
Cash and Non-Interest-Bearing Accounts$28,292$62,454▲ $34,162
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,407,708$1,538,729▲ $131,021
Other Assets Total-$0-
Liabilities
Other Liabilities-$-1,182-
Total Liabilities$0$-1,182▼ $1,182
Net Assets / Fund Balance
Unrestricted Net Assets$1,407,708$1,539,911▲ $132,203
Total Net Assets Fund Balance$1,407,708$1,539,911▲ $132,203
Total Liabilities and Net Assets / Fund Balance$1,407,708$1,538,729▲ $131,021

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,208,503$55,000▲ $68,537-$1,319,205
2015$1,198,298$40,000▼ $16,932-$1,208,503
2014$1,144,611-▲ $63,310-$1,198,298
2013$936,188$57,069▲ $169,718-$1,144,611
2012$874,440-▲ $76,499-$936,188
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristina WallacePresident
Lynn PagelsVice President
Becky RutterDirector
Ben HamptonDirector
Benee MasriDirector
Carmel SchwartzDirector
Chelsea PerrymanDirector
Connie ComptonDirector
Danielle DeckerDirector
Josh McElhaneyDirector
Kay Lyn BeauchampDirector
Kayla YorkDirector
Kenny WrightDirector
Nathan PittsDirector
Shawn CurlSecretary
Lisa PittsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,001
Program Service Revenue
$0
Investment Income
$69,374
Other Revenue
$92,185
All Other Contributions
$60,265
Change in Net Assets
$132,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,827
Other Expenses$15,530
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$120,827--$120,827
Fees for Service Investment Mgmnt Fees-$12,135-$12,135
Fees for Services Accounting-$525-$525
All Other Expenses-$228-$228
Other Expenses-$161-$161
Total Functional Expenses$120,827$15,530$0$136,357
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grove Public SchoolsGrove, OK501(c)(3)School assistance$4,975
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$136,687
Fundraising Direct Expenses$44,502
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$183,423$136,687$44,502$92,185
Total Events$183,423$136,687$44,502$92,185
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Charlie WallaceOfficer's spouseInvestment feesNo$12,135

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit card payable$-1,182
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

No review was or will be conducted.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Upon request

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

Upon request

Filing and Contact Details

Filer

Filer Name
Grove Education Foundation For
EIN
73-1527589
Phone
9182575641
Address
PO Box 453335, Grove, OK 74345

Signing Officer

Name
Lisa Pitts
Title
Treasurer
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Ok
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
35

Preparer

Firm
Ehrhardt & Co PLLC
Address
PO Box 745, Langley, OK 74350-0745
Preparer
J Lee Ehrhardt
Phone
9187823773
Supplemental Narrative

Financial Statement Notes

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

To fund future grants to Grove Public Schools

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-11171
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0109037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt091532
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0499934
IRS990ScheduleA/TotalSupportAmt0990943
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01208503
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt055000
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.95$0.00$2.95$0.30$0.13$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.64$0.01$2.64$0.23$0.13$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.57$0.04$2.54$0.28$0.11$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.44$0.07$2.36$0.44$0.23$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.04$2.30$0.15$0.11$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.03$2.08$0.22$0.13$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.01$1.67$0.40$0.18$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.75$0.02$1.73$0.22$0.17$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.27$0.14$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.14$0.10$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.41$0.25$0.08$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.14$0.09$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.12