Civic Intelligence

Adams Friendship Area Educational Foundation Inc.

990 • Fiscal year 2017 • EIN 81-0570056

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 06, 2018

PO Box 204Friendship, WI 53934

(608) 339-6703

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-193%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

491%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$384,429

Down $44,033 (-10%) from 2016

Net Assets

Down

$384,429

Down $44,033 (-10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$375,965

Up $312,387 (+491%) from 2016

Expenses

Up

$1,103,336

Up $654,120 (+146%) from 2016

Net Income

Down

-$727,371

Down $341,733 (-89%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $615,075Liabilities 2012: $0Net Assets 2012: $615,0752012Assets 2013: $1,126,989Liabilities 2013: $0Net Assets 2013: $1,126,9892013Assets 2014: $766,981Liabilities 2014: $0Net Assets 2014: $766,9812014Assets 2015: $814,100Liabilities 2015: $0Net Assets 2015: $814,1002015Assets 2016: $428,462Liabilities 2016: $0Net Assets 2016: $428,4622016Assets 2017: $384,429Liabilities 2017: $0Net Assets 2017: $384,4292017Assets 2018: $449,890Liabilities 2018: $0Net Assets 2018: $449,8902018Assets 2019: $466,641Liabilities 2019: $0Net Assets 2019: $466,6412019Assets 2020: $507,199Liabilities 2020: $22,506Net Assets 2020: $484,6932020Assets 2021: $710,265Liabilities 2021: $157,820Net Assets 2021: $552,4452021Assets 2022: $737,597Liabilities 2022: $104,272Net Assets 2022: $633,3252022Assets 2023: $874,488Liabilities 2023: $131,194Net Assets 2023: $743,2942023Assets 2024: $885,473Liabilities 2024: $145,630Net Assets 2024: $739,8432024Assets 2025: $1,215,736Liabilities 2025: $306,551Net Assets 2025: $909,1852025

Highlighted filing

2017

Assets$384,429
Liabilities$0
Net Assets$384,429

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2012: $4,4572012Expenses 2013: $6,1812013Revenue 2014: $53,414Expenses 2014: $5,803Net Income 2014: $47,6112014Revenue 2015: $62,003Expenses 2015: $14,884Net Income 2015: $47,1192015Revenue 2016: $63,578Expenses 2016: $449,216Net Income 2016: -$385,6382016Revenue 2017: $375,965Expenses 2017: $1,103,336Net Income 2017: -$727,3712017Revenue 2018: $156,214Expenses 2018: $103,852Net Income 2018: $52,3622018Revenue 2019: $103,549Expenses 2019: $119,093Net Income 2019: -$15,5442019Revenue 2020: $106,985Expenses 2020: $56,637Net Income 2020: $50,3482020Revenue 2021: $84,256Expenses 2021: $16,504Net Income 2021: $67,7522021Revenue 2022: $193,564Expenses 2022: $112,684Net Income 2022: $80,8802022Revenue 2023: $253,567Expenses 2023: $143,599Net Income 2023: $109,9682023Revenue 2024: $168,225Expenses 2024: $171,676Net Income 2024: -$3,4512024Revenue 2025: $282,169Expenses 2025: $112,827Net Income 2025: $169,3422025

Highlighted filing

2017

Revenue$375,965
Expenses$1,103,336
Net Income-$727,371
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 6, 2018
Return Version
2016v3.0
Gross Receipts
$1,138,889
Mission and Program Overview

Mission

Raise money to support educational advancement in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$428,462$384,429▼ $44,033
Investments in Publicly Traded Securities$354,622$275,919▼ $78,703
Savings and Temporary Cash Investments$73,840$108,510▲ $34,670
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$428,462$384,429▼ $44,033
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$428,462$384,429▼ $44,033
Total Liabilities and Net Assets / Fund Balance$428,462$384,429▼ $44,033
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin BeaverPresident
John R JonesVice President
Dana JohnsonDirector
Daric SmithDirector
Dawn HammondDirector
Judy LeroyDirector
Karen GroskinskyDirector
Laraine RoseberryDirector
Marcia KlickoDirector
Marge EdwardsDirector
Robert GarnettDirector
Wendy RitcheDirector
Darlene HovorkaSecretary
Debra WachholzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$139,138
Program Service Revenue
$0
Investment Income
$236,827
Other Revenue
$0
All Other Contributions
$126,499
Change in Net Assets
$-727,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,093,576
Other Expenses$9,760
Total Fundraising Expense$5,732
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,089,076--$1,089,076
Other Expenses--$5,732$5,732
Grants to Domestic Individuals$4,500--$4,500
Advertising-$1,224-$1,224
Fees for Services Management-$1,000-$1,000
Insurance-$990-$990
Office Expenses-$689-$689
Fees for Services Accounting-$125-$125
Total Functional Expenses$1,093,576$4,028$5,732$1,103,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams Friendship Area SchoolsFriendship, WI-Payment for Performing Arts Center$1,089,076
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$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
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, Section B, Line 11B

Board members are given a copy of the form 990.

Form 990, Part VI, Section C, Line 18

Documents are available to the public upon request.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Adams-friendship Area Educational
EIN
81-0570056
Phone
6083396703
Address
PO BOX 204, FRIENDSHIP, WI 53934

Signing Officer

Name
Kevin Beaver
Title
President
Phone
6083396703
Signed
2018-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Beaver
Formed
2002
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
70

Preparer

Firm
Mbe Cpas Llp
Address
803 N UNION STREET, MAUSTON, WI 53948
Preparer
Frank Vinopal CPA
Phone
6088471040
Supplemental Narrative

Additional Explanations

FORM 990 - AMENDMENTS:

Form 990, part iii, lines 4a and 4b - the amount of grants was not reported on originally filed return. Form 990, part iv, line 2 - this is now checked no, as the organization is not required to complete schedule b. Form 990, part viii, lines 1a and 1f - the $126,499 of contributions received where not from a federated campaign and are now being reported on the correct line 1f. Form 990, part viii, line 3 - the calendar year 2017 dividends and interest income were reported on original return. This is a fiscal year return and the fiscal year july 1, 2016 through june 30, 2017 dividends and interest income are being reported on this amended return. Form 990, part viii, lines 7a through 7d - the calendar year 2017 proceeds, cost basis and gain were reported on original return. This is a fiscal year return and the fiscal year july 1, 2016 through june 30, 2017 proceeds, cost basis and gain are being reported on this amended return. Form 990, part x, line 11 - the 06/30/17 ending balance of investments-publicly traded securities was not correct on originally filed return. Form 990, part xi, line 5 - the net unrealized gain on investments was not reported on originally filed return. Form 990, part xi, line 8 - a prior period adjustment was not reported on originally filed return. Schedule a, part ii, section b, line 8(e) - corrected for changes above. Schedule a, part ii, section c, line 14 - percentage calculated has changed due to correction on section b, line 8(e).

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/PublicSupportPY170Pct00.57000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt027589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt066038
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0280676
IRS990ScheduleA/TotalSupportAmt0665349
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01089076
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PAYMENT FOR PERFORMING ARTS CENTER
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0428462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0384429
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd053934
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:37:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200794302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MBE CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0803 N UNION STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
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ReturnHeader/PreparerPersonGrp/PhoneNum06088471040
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-29
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ReturnHeader/ReturnTs02019-01-21T11:06:40-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.22$0.31$0.91$0.28$0.11$0.17
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.15$0.74$0.17$0.17$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.13$0.74$0.25$0.14$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.10$0.63$0.19$0.11$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.16$0.55$0.08$0.02$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.48$0.11$0.06$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.10$0.12$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.16$0.10$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.38$1.10$0.73
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.06$0.45$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.06$0.01$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.05$0.01$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.00