Civic Intelligence

Public Education & Business Coalition

990 • Fiscal year 2018 • EIN 74-2357262

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 23, 2018

600 Grant Street No 525Denver, CO 80203

(303) 861-8661

Siviq Scores

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

Liabilities / Assets

47th percentile

0.14x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

21st percentile

-7.1%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$283,694

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-6.5%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,928,372

Down $1,407,758 (-32%) from 2017

Net Assets

Down

$2,529,189

Down $471,792 (-16%) from 2017

Liabilities

Down

$399,183

Down $935,966 (-70%) from 2017

Revenue

Down

$6,690,030

Down $463,992 (-6.5%) from 2017

Expenses

Up

$7,161,822

Up $56,715 (+0.8%) from 2017

Net Income

Down

-$471,792

Down $520,707 (-1065%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,273,656Liabilities 2012: $280,709Net Assets 2012: $1,992,9472012Assets 2013: $2,110,421Liabilities 2013: $202,184Net Assets 2013: $1,908,2372013Assets 2014: $2,786,495Liabilities 2014: $999,685Net Assets 2014: $1,786,8102014Assets 2015: $4,361,169Liabilities 2015: $1,476,491Net Assets 2015: $2,884,6782015Assets 2016: $3,445,224Liabilities 2016: $493,158Net Assets 2016: $2,952,0662016Assets 2017: $4,336,130Liabilities 2017: $1,335,149Net Assets 2017: $3,000,9812017Assets 2018: $2,928,372Liabilities 2018: $399,183Net Assets 2018: $2,529,1892018Assets 2019: $1,970,591Liabilities 2019: $454,250Net Assets 2019: $1,516,3412019Assets 2020: $2,165,647Liabilities 2020: $1,296,403Net Assets 2020: $869,2442020Assets 2021: $2,304,916Liabilities 2021: $921,207Net Assets 2021: $1,383,7092021Assets 2022: $3,069,921Liabilities 2022: $1,117,266Net Assets 2022: $1,952,6552022Assets 2023: $3,495,000Liabilities 2023: $1,752,858Net Assets 2023: $1,742,1422023

Highlighted filing

2018

Assets$2,928,372
Liabilities$399,183
Net Assets$2,529,189

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $4,421,747Expenses 2012: $4,084,268Net Income 2012: $337,4792012Revenue 2013: $4,725,823Expenses 2013: $4,810,533Net Income 2013: -$84,7102013Revenue 2014: $3,851,319Expenses 2014: $3,972,746Net Income 2014: -$121,4272014Revenue 2015: $6,180,396Expenses 2015: $5,082,528Net Income 2015: $1,097,8682015Revenue 2016: $6,790,931Expenses 2016: $6,723,543Net Income 2016: $67,3882016Revenue 2017: $7,154,022Expenses 2017: $7,105,107Net Income 2017: $48,9152017Revenue 2018: $6,690,030Expenses 2018: $7,161,822Net Income 2018: -$471,7922018Revenue 2019: $5,794,204Expenses 2019: $6,807,052Net Income 2019: -$1,012,8482019Revenue 2020: $4,709,142Expenses 2020: $5,356,239Net Income 2020: -$647,0972020Revenue 2021: $4,826,251Expenses 2021: $4,311,786Net Income 2021: $514,4652021Revenue 2022: $6,116,222Expenses 2022: $5,372,276Net Income 2022: $743,9462022Revenue 2023: $6,632,284Expenses 2023: $6,842,797Net Income 2023: -$210,5132023

Highlighted filing

2018

Revenue$6,690,030
Expenses$7,161,822
Net Income-$471,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 23, 2018
Return Version
2017v2.3
Gross Receipts
$6,713,366
Mission and Program Overview

Mission

Every child deserves a great educator. Pebc works across the nation to prepare outstanding new teachers, help practicing teachers and leaders become exceptional, and shape systems and policies in order to foster vibrant growth and lasting success for both students and teachers.

See schedule o.every child deserves a great educator. Pebc works accross the nation to: prepare outstanding new teachers;help practicing teachers and leaders become exceptional; and shape systems and policies in order to foster vibrant growth and lasting success for both students and teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,415,047$1,409,254▼ $2,005,793
Accounts Receivable$504,539$559,727▲ $55,188
Pledges and Grants Receivable-$500,000-
Cash and Non-Interest-Bearing Accounts$282,760$333,437▲ $50,677
Prepaid Expenses and Deferred Charges$118,526$92,742▼ $25,784
Land, Buildings, and Equipment, Net$11,863$29,817▲ $17,954
Inventories for Sale or Use$3,395$3,395→ $0
Total Assets$4,336,130$2,928,372▼ $1,407,758
Liabilities
Other Liabilities$1,012,104$0▼ $1,012,104
Accounts Payable and Accrued Expenses$229,281$218,643▼ $10,638
Deferred Revenue$93,764$180,540▲ $86,776
Total Liabilities$1,335,149$399,183▼ $935,966
Net Assets / Fund Balance
Unrestricted Net Assets$2,459,111$1,935,119▼ $523,992
Temporarily Rstr Net Assets$530,000$582,200▲ $52,200
Permanently Rstr Net Assets$11,870$11,870→ $0
Total Net Assets Fund Balance$3,000,981$2,529,189▼ $471,792
Total Liabilities and Net Assets / Fund Balance$4,336,130$2,928,372▼ $1,407,758

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,817$78,471$108,288

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$11,870---$11,870
2016$11,870---$11,870
2015$11,870---$11,870
2014$11,870---$11,870
2013$11,870---$11,870
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rosann WardPresidentFT$221,270$62,424$283,694
Wendy HofferSr. Director of EducationFT$146,228$19,658$165,886
Deborah FaustExec. Director of Strategic Innovations and EvaluationFT$140,700$5,871$146,571
Sue SavaChief Policy OfficerFT$124,765$12,488$137,253
Esther Klaus-quinlanAssoc. Ed of Edu Prof DevFT$106,897$26,009$132,906
Melinda ArmbrusterChief Operating OfficerFT$115,000$6,765$121,765
Dana SorensenSr. Director of Ed on High Performing SystemsFT$110,283$8,617$118,900
Anne PattersonSr. Director of EducationFT$110,770$1,170$111,940
Scott AndelCFO From May 17 Thru March 18FT$77,171$5,799$82,970

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,145,207
Program Service Revenue
$3,530,041
Investment Income
$9,640
Other Revenue
$5,142
All Other Contributions
$1,390,758
Change in Net Assets
$-471,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,353,930
Revenue Not Reported on Financial Statements
$336,100
Revenue Not Reported on Form 990
$23,336
Other Revenue Adjustments
$336,100
Total Revenue per Audited Statements
$6,377,266
Total Revenue per Form 990
$6,690,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,712,433
Other Expenses$1,775,388
Grants and Similar Amounts Paid$674,001
Total Fundraising Expense$194,043
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,247,065$82,541$127,600$3,457,206
Current Officers, Directors, Trustees, and Key Employees$507,924$221,906$16,943$746,773
Grants to Domestic Individuals$674,001--$674,001
Other Employee Benefits$488,789-$19,665$508,454
Conferences and Meetings$460,121$7,413$7,284$474,818
Fees for Services Other$318,355$137,310$6,093$461,758
Occupancy$180,614$21,002$8,401$210,017
Office Expenses$162,744$10,490$5,814$179,048
Insurance$18,582$2,161$864$21,607
Depreciation Depletion$17,025$1,980$792$19,797
Fees for Services Legal-$12,045-$12,045
Other Expenses$9,464$1,255$559$9,464
Total Functional Expenses$6,469,606$498,173$194,043$7,161,822

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,161,822
Total Expenses per Audited Statements$6,849,058
Expenses per Audited Statements$6,825,722
Expenses Not Reported on Financial Statements$336,100
Other Expense Adjustments$336,100
Expenses Not Reported on Form 990$23,336
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,336
Fundraising Gross Income$23,336
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Superintendent Forum$32,385$23,336$23,336$0
Total Events$32,385$23,336$23,336$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Section B, Line 11B

An indepedent auditor prepares the 990 return annually. A draft of the return is provided to the board of directors to make any necessary changes. Once the return had been reviewed and accepted by the board, the 990 return is filed.

Form 990, Part VI, Section B, Line 12C

Annual disclosures are given to the executive assistant, who monitors and performs follow-up procedures.

Form 990, Part VI, Section B, Line 15

Salary surveys are taken from the colorado nonprofit association and guidestar. The executive committee reviews the compensation determination and puts all agreements into writing.

Form 990, Part VI, Section C, Line 19

The organization provides information upon request, and the governing documents are available through the colorado secretary of state.

Filing and Contact Details

Filer

Filer Name
Public Education & Business Coalition
EIN
74-2357262
Phone
3038618661
Address
600 GRANT STREET NO 525, DENVER, CO 80203
Doing Business As
Pebc

Signing Officer

Name
Rosann Ward
Title
President
Phone
3038618661
Signed
2018-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosann Ward
Formed
1985
Legal Domicile
Co
Voting Board Members
28
Independent Board Members
28
Employees
84
Volunteers
32

Preparer

Firm
Kundinger Corder & Engle Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Steven R Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's finance committee assumes the responsibility for oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from prior years.

Financial Statement Notes

PART V, LINE 4:

To provide a predictable stream of funding for pebc while maintaining purchasing power and growing endowment assets.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 23,336.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 336,100.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 23,336.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 336,100.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt4EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt9EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt11EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29CFO FROM MAY 17 THRU MARCH 18
IRS990/Form990PartVIISectionAGrp/TitleTxt30CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt31CHIEF POLICY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXEC. DIR. OF STRATEGIC INNOVATIONS AND EVALUATION
IRS990/Form990PartVIISectionAGrp/TitleTxt33SR. DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt34SR. DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt35SR. DIR OF ED ON HIGH PERFORMING SYSTEMS
IRS990/Form990PartVIISectionAGrp/TitleTxt36ASSOC. ED OF EDU PROF DEV
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IRS990/MethodOfAccountingAccrualInd0X
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