Civic Intelligence

Durango Education Foundation

990 • Fiscal year 2014 • EIN 74-2350944

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

201 East 12th StreetDurango, CO 81301

(970) 385-1491

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$54,500

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

66th percentile

7.7%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

155%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,091,712

Up $78,182 (+7.7%) from 2013

Net Assets

Up

$1,091,712

Up $78,182 (+7.7%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$350,894

Up $213,161 (+155%) from 2013

Expenses

Up

$313,163

Up $182,118 (+139%) from 2013

Net Income

Up

$37,731

Up $31,043 (+464%) from 2013

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 2011: $901,044Liabilities 2011: $0Net Assets 2011: $901,0442011Assets 2012: $922,805Liabilities 2012: $0Net Assets 2012: $922,8052012Assets 2013: $1,013,530Liabilities 2013: $0Net Assets 2013: $1,013,5302013Assets 2014: $1,091,712Liabilities 2014: $0Net Assets 2014: $1,091,7122014Assets 2015: $991,574Liabilities 2015: $10,101Net Assets 2015: $981,4732015Assets 2016: $1,031,921Liabilities 2016: $0Net Assets 2016: $1,031,9212016Assets 2017: $1,138,792Liabilities 2017: $0Net Assets 2017: $1,138,7922017Assets 2018: $1,036,444Liabilities 2018: $0Net Assets 2018: $1,036,4442018Assets 2019: $1,277,006Liabilities 2019: $0Net Assets 2019: $1,277,0062019Assets 2020: $1,471,402Liabilities 2020: $0Net Assets 2020: $1,471,4022020Assets 2021: $1,644,385Liabilities 2021: $0Net Assets 2021: $1,644,3852021Assets 2022: $1,137,078Liabilities 2022: $0Net Assets 2022: $1,137,0782022Assets 2023: $1,264,233Liabilities 2023: $0Net Assets 2023: $1,264,2332023Assets 2024: $1,405,490Liabilities 2024: $375Net Assets 2024: $1,405,1152024

Highlighted filing

2014

Assets$1,091,712
Liabilities$0
Net Assets$1,091,712

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $151,216Expenses 2011: $93,997Net Income 2011: $57,2192011Revenue 2012: $104,636Expenses 2012: $128,646Net Income 2012: -$24,0102012Revenue 2013: $137,733Expenses 2013: $131,045Net Income 2013: $6,6882013Revenue 2014: $350,894Expenses 2014: $313,163Net Income 2014: $37,7312014Revenue 2015: $291,438Expenses 2015: $232,814Net Income 2015: $58,6242015Revenue 2016: $273,769Expenses 2016: $270,687Net Income 2016: $3,0822016Revenue 2017: $347,554Expenses 2017: $279,470Net Income 2017: $68,0842017Revenue 2018: $384,863Expenses 2018: $246,105Net Income 2018: $138,7582018Revenue 2019: $290,444Expenses 2019: $207,203Net Income 2019: $83,2412019Revenue 2020: $274,414Expenses 2020: $211,172Net Income 2020: $63,2422020Revenue 2021: $454,341Expenses 2021: $291,576Net Income 2021: $162,7652021Revenue 2022: $412,858Expenses 2022: $662,656Net Income 2022: -$249,7982022Revenue 2023: $350,785Expenses 2023: $318,063Net Income 2023: $32,7222023Revenue 2024: $545,745Expenses 2024: $433,491Net Income 2024: $112,2542024

Highlighted filing

2014

Revenue$350,894
Expenses$313,163
Net Income$37,731
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 12, 2015
Return Version
2014v5.0
Gross Receipts
$391,358
Mission and Program Overview

Mission

To provide financial support to Durango School District 9-R for programs, materials, and technology needs that fall outside the capacity of the regular school district budget.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,004,552$1,070,055▲ $65,503
Cash and Non-Interest-Bearing Accounts$8,978$21,656▲ $12,678
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,013,530$1,091,712▲ $78,182
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$450,623$526,073▲ $75,450
Unrestricted Net Assets$337,987$340,719▲ $2,732
Permanently Rstr Net Assets$224,920$224,920→ $0
Total Net Assets Fund Balance$1,013,530$1,091,712▲ $78,182
Total Liabilities and Net Assets / Fund Balance$1,013,530$1,091,712▲ $78,182

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$224,920---$224,920
2013$258,784$650▼ $34,514-$224,920
2012$238,404$2,190▲ $18,190-$258,784
2011$228,373$6,090▲ $3,941-$238,404
2010$129,566$87,223▲ $11,584-$228,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth TestaExecutive DirectorFT$54,500$54,500

Board Members and Trustees

NameTitle
Mary StengelPast President
Robert DawesPresident
Jean ThweattVice President
Brady RowlandDirector
Ginny DignumDirector
Gretchen WilsonDirector
Holly ZinkDirector
Jerry PoerDirector
Lisa LeiningerDirector
Matt AupperleDirector
Pat MurphyDirector
Margie SittnerSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$174,954
Program Service Revenue
$565
Investment Income
$34,864
Other Revenue
$140,511
All Other Contributions
$174,954
Change in Net Assets
$37,731

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded2$20,292
Cars and Other Vehicles1$8,505
Total Noncash Contributions3$28,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$221,666
Salaries, Compensation, and Employee Benefits$67,209
Other Expenses$24,288
Total Fundraising Expense$9,279
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$197,792--$197,792
Current Officers, Directors, Trustees, and Key Employees$34,880$12,535$7,085$54,500
Grants to Domestic Individuals$23,874--$23,874
Fees for Services Accounting-$8,160-$8,160
Other Salaries and Wages$5,077$1,825$1,031$7,933
Payroll Taxes$3,057$1,098$621$4,776
Insurance$1,285$462$261$2,008
Office Expenses$1,108$398$225$1,731
All Other Expenses$277$100$56$433
Other Expenses$9,099$433-$433
Total Functional Expenses$276,449$27,435$9,279$313,163
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Durango Sch Dist 9-RDurango, CO-Vocational Program Transportation$184,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$175,569
Fundraising Direct Expenses$35,058
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cafe$129,804$129,804$15,512$114,292
Golf Tournament$24,370$24,370$6,246$18,124
Total Events$175,569$175,569$35,058$140,511
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

One director is parent of another director.

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

Each Director and Officer was provided with a copy of the Form 990 for review and comment. The Board then voted to approve the document prior to submission.

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

The Executive Director reviews conflict of interest statements on an annual basis and provides reminders to the Board and Board committees regarding the conflict of interest policy at least once per year. Any conflicts which arise in Board or committee meetings are documented in meeting minutes. In 2014, no conflicts of interest arose.

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

All governance documents, policies and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Durango Education Foundation
EIN
74-2350944
Phone
9703851491
Address
201 East 12th Street, Durango, CO 81301

Signing Officer

Name
Elizabeth Testa
Title
Executive Director
Signed
2015-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
FredrickZink & Associates PC CPAs
Address
954 East 2nd Avenue 201, Durango, CO 81301-5111
Preparer
Sidny K Zink
Phone
9702470506
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IRS990/PYContributionsGrantsAmt078726
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IRS990/PYGrantsAndSimilarPaidAmt077081
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0865
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0575485
IRS990ScheduleA/TotalSupportAmt0735168
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-34514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0238404
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0258784
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06090
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0238404
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03941

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.55$0.43$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.35$0.32$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.41$0.66$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.45$0.29$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.27$0.21$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.29$0.21$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.38$0.25$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.35$0.28$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.27$0.27$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.29$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.35$0.31$0.04
2013Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.14$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$0.92$0.00$0.92$0.10$0.13$0.02
2011Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.15$0.09$0.06