Civic Intelligence

Software Education Foundation

990 • Fiscal year 2018 • EIN 81-4001808

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

20 F Street NW STE 800Washington, DC 20001

(202) 872-5500

Siviq Scores

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

Liabilities / Assets

86th percentile

0.67x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.34x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

86th percentile

43%

Faster revenue growth than 86% of similar nonprofits.

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

Assets

Up

$1,017,033

Up $436,015 (+75%) from 2017

Net Assets

Up

$336,825

Up $264,465 (+365%) from 2017

Liabilities

Up

$680,208

Up $171,550 (+34%) from 2017

Revenue

Up

$2,002,004

Up $602,004 (+43%) from 2017

Expenses

Up

$1,737,539

Up $332,772 (+24%) from 2017

Net Income

Up

$264,465

Up $269,232 (+5648%) 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 2016: $99,314Liabilities 2016: $22,1872016Assets 2017: $581,018Liabilities 2017: $508,658Net Assets 2017: $72,3602017Assets 2018: $1,017,033Liabilities 2018: $680,208Net Assets 2018: $336,8252018Assets 2019: $4,768,124Liabilities 2019: $951,688Net Assets 2019: $3,816,4362019Assets 2020: $4,201,504Liabilities 2020: $1,120,235Net Assets 2020: $3,081,2692020Assets 2021: $3,747,307Liabilities 2021: $1,222,698Net Assets 2021: $2,524,6092021Assets 2022: $2,678,897Liabilities 2022: $1,010,942Net Assets 2022: $1,667,9552022Assets 2023: $2,950,141Liabilities 2023: $1,260,347Net Assets 2023: $1,689,7942023Assets 2024: $4,499,871Liabilities 2024: $278,016Net Assets 2024: $4,221,8552024

Highlighted filing

2018

Assets$1,017,033
Liabilities$680,208
Net Assets$336,825

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $100,000Expenses 2016: $22,873Net Income 2016: $77,1272016Revenue 2017: $1,400,000Expenses 2017: $1,404,767Net Income 2017: -$4,7672017Revenue 2018: $2,002,004Expenses 2018: $1,737,539Net Income 2018: $264,4652018Revenue 2019: $4,894,076Expenses 2019: $1,474,457Net Income 2019: $3,419,6192019Revenue 2020: $158,167Expenses 2020: $881,752Net Income 2020: -$723,5852020Revenue 2021: $224,471Expenses 2021: $946,493Net Income 2021: -$722,0222021Revenue 2022: $187,840Expenses 2022: $428,269Net Income 2022: -$240,4292022Revenue 2023: $240,710Expenses 2023: $365,739Net Income 2023: -$125,0292023Revenue 2024: $2,377,727Expenses 2024: $307,205Net Income 2024: $2,070,5222024

Highlighted filing

2018

Revenue$2,002,004
Expenses$1,737,539
Net Income$264,465
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$2,002,004
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$568,018$1,016,165▲ $448,147
Prepaid Expenses and Deferred Charges$13,000$868▼ $12,132
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$581,018$1,017,033▲ $436,015
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$508,658$680,208▲ $171,550
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$508,658$680,208▲ $171,550
Net Assets / Fund Balance
Unrestricted Net Assets$72,360$336,825▲ $264,465
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$72,360$336,825▲ $264,465
Total Liabilities and Net Assets / Fund Balance$581,018$1,017,033▲ $436,015
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher HopfenspergerExecutive DirectorFT$293,598$74,102$367,700
Dori FriedbergSr Director (eff 2/18)FT$122,423$9,912$132,335

Board Members and Trustees

NameTitle
David CraneChair
Victoria EspinelDirector/President
Allen LineberryDirector
Christopher PadillaDirector
Fred HumphriesDirector
Jace JohnsonDirector
Jason AlbertDirector
Jim GreenDirector
Joseph DeSalvioCFO (effective 8/18)
Jodie KelleySecretary
Scott Van HoveTreasurer (Eff 1/18-3/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
The German Marshall Fund of the UniConference1744 R Street NW, Washington, DC 20009, Uk$157,413
The Washington PostConference1301 K STREET NW, Washington, DC 20071$150,000
The Economist Group LimitedResearch/Publication666 DUNDEE ROAD BLDG 600, Northbrook, IL 60062$122,667
Real Clear HoldingsConvention7316 Wisconsin Avenue Suite 450, Bethesda, MD 20814$120,000
RP3 AgencyWebsite-$110,550
Revenue and Support

Revenue Composition

Contributions and Grants
$2,002,004
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$152,000
Change in Net Assets
$264,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$961,437
Salaries, Compensation, and Employee Benefits$664,006
Grants and Similar Amounts Paid$112,096
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$481,451$543-$481,994
Current Officers, Directors, Trustees, and Key Employees$370,275$19,488-$389,763
Other Salaries and Wages$204,799$10,779-$215,578
Fees for Services Other$154,415$149-$154,564
Information Technology$114,497$1,129-$115,626
Grants to Domestic Orgs$112,096--$112,096
Travel$84,835$4,465-$89,300
Occupancy$43,964$2,314-$46,278
Fees for Services Accounting$33,504$1,763-$35,267
Payroll Taxes$28,129$1,480-$29,609
Other Employee Benefits$24,839$1,307-$26,146
Fees for Services Legal$14,885$783-$15,668
Office Expenses$13,774$725-$14,499
Pension Plan Contributions$2,764$146-$2,910
All Other Expenses$279$16-$295
Other Expenses$271$14-$285
Total Functional Expenses$1,692,055$45,484$0$1,737,539
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Girls Who CodeNew York, NY501(c)(3)Immersion Program$77,550
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
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Lines 6, 7A, 7B

Software Education Foundation is a membership corporation with BSA Business Software Alliance, Inc., a District of Columbia nonprofit corporation, as its sole member. As the sole member of the Foundation, BSA elects all the members of the Foundation's board of directors, and BSA has approval rights over amendments to the Foundation's bylaws.

Form 990, Part VI, Section B, Line 11

The Form 990 was prepared by BSA Business Software Alliance, Inc. accounting staff and it was reviewed by BSA's controller, CFO, outside counsel and tax advisor. The 990 was then provided to the board of directors prior to its filing.

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

An officer, director, or employee receives, reviews, and acknowledges in writing his or her compliance with the organization's conflict of interest policy and discloses any existing conflicts of which he or she is currently aware. In this written acknowledgement, the individual agrees to report promptly to Software Education Foundation any changes or additions to their initial conflict disclosure, including but not limited to any instance of a conflict or apparent conflict that may subsequently arise. In addition, the organization regularly informs its members of this policy and also publicizes methods to report conflicts via a confidential hotline.

Form 990, Part VI, Section B, Line 15

Victoria Espinel, Director and President of the Foundation, is paid by BSA Business Software Alliance, Inc. The BSA board's executive committee conducts a performance review on an annual basis and determines compensation. Compensation paid to other nonprofit executives in comparable positions is considered during this process. The compensated officers listed on the Form 990 are paid by BSA Business Software Alliance, Inc. For all reported individuals, Compensation is reviewed annually. Compensation paid to other nonprofit executives in comparable positions is considered during this process. Those listed on the Form 990 are subject to an annual performance review. Their merit increase, if any, is determined based on performance. Their bonus, if eligible and if earned, is determined based on their performance versus predefined goals and objectives.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and Form 990 available upon request.

Filing and Contact Details

Filer

Filer Name
Software Education Foundation
EIN
81-4001808
In Care Of
% CONTROLLER
Phone
2028725500
Address
20 F Street NW STE 800, Washington, DC 20001

Signing Officer

Name
Joseph Desalvio
Title
CFO
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph DeSalvio
Formed
2016
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
23

Preparer

Firm
Pricewaterhousecoopers Llp
Address
600 13TH ST NW STE 1000, WASHINGTON, DC 20005
Preparer
Travis L Patton
Phone
2024141000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 & Part III, Line 1

The Foundation's mission is to inform the public on the economic and societal contributions of software, advance opportunities for STEM education, and broaden understanding of software-related elements of STEM education and the importance of software to policy goals.

Form 990, Part XI, Line 9

Donated Services from BSA Business Software Alliance, Inc. 303,291; Professional Expense from Donated Services BSA Business Software Alliance Inc. -303,291

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