Civic Intelligence

Aoba Educational Foundation

990 • Fiscal year 2019 • EIN 82-2947514

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

1025 Connecticut Ave NW Suite 1005Washington, DC 20036

(202) 296-3390

Siviq Scores

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

Liabilities / Assets

71st percentile

0.17x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

42%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$194,306

Up $24,553 (+14%) from 2018

Net Assets

Up

$160,606

Up $57,553 (+56%) from 2018

Liabilities

Down

$33,700

Down $33,000 (-49%) from 2018

Revenue

Up

$512,904

Up $151,641 (+42%) from 2018

Expenses

Up

$455,351

Up $197,141 (+76%) from 2018

Net Income

Down

$57,553

Down $45,500 (-44%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $169,753Liabilities 2018: $66,700Net Assets 2018: $103,0532018Assets 2019: $194,306Liabilities 2019: $33,700Net Assets 2019: $160,6062019Assets 2020: $248,363Liabilities 2020: $0Net Assets 2020: $248,3632020Assets 2021: $334,504Liabilities 2021: $0Net Assets 2021: $334,5042021Assets 2022: $371,335Liabilities 2022: $0Net Assets 2022: $371,3352022Assets 2023: $407,393Liabilities 2023: $11,821Net Assets 2023: $395,5722023Assets 2024: $392,897Liabilities 2024: $11,821Net Assets 2024: $381,0762024

Highlighted filing

2019

Assets$194,306
Liabilities$33,700
Net Assets$160,606

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $361,263Expenses 2018: $258,210Net Income 2018: $103,0532018Revenue 2019: $512,904Expenses 2019: $455,351Net Income 2019: $57,5532019Revenue 2020: $250,036Expenses 2020: $162,279Net Income 2020: $87,7572020Revenue 2021: $265,027Expenses 2021: $178,886Net Income 2021: $86,1412021Revenue 2022: $250,122Expenses 2022: $213,291Net Income 2022: $36,8312022Revenue 2023: $259,057Expenses 2023: $234,820Net Income 2023: $24,2372023Revenue 2024: $261,657Expenses 2024: $276,153Net Income 2024: -$14,4962024

Highlighted filing

2019

Revenue$512,904
Expenses$455,351
Net Income$57,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$512,904
Mission and Program Overview

Mission

The aoba educational foundation (aef), a 501(c)(3) non-profit organization, was created to address the talent crisis in the commercial real estate industry by focusing on the critical need to promote careers in building operations, engineering, and maintenance. We connect job seekers, training centers, workforce development programs, and employers all to help companies recruit, develop, train, and retain the next generation of skilled tradespeople in the metro dc region. Our work provides long-term, tangible economic benefits and a workforce development pathway to stable, lucrative careers. For years, commercial property managers have been challenged to recruit, hire, and retain the next generation of building operations employees. In response to this pressing need, the aef was formed as a vehicle to create a comprehensive, regional solution to what many refer to as the engineering talent crisis. Although our primary mission is focused on commercial real estate careers, we are also tak

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$169,753$194,306▲ $24,553
Total Assets$169,753$194,306▲ $24,553
Liabilities
Unsecured Notes Loans Payable$66,700$33,700▼ $33,000
Total Liabilities$66,700$33,700▼ $33,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,053$160,606▲ $57,553
Total Net Assets Fund Balance$103,053$160,606▲ $57,553
Total Liabilities and Net Assets / Fund Balance$169,753$194,306▲ $24,553
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy BarnesChair
William ClarkVice Chair
Stacy WilliamsDirector of
Sarah a CozewithDirector Wrk
Margaret O JeffersExecutive VP
Diane PetersTreasurer
Brian DehavenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$473,641
Program Service Revenue
$39,205
Investment Income
$58
Other Revenue
$0
All Other Contributions
$473,641
Change in Net Assets
$57,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,594
Total Fundraising Expense$94,508
Professional Fundraising Fees$29,757
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$183,567$83,618$52,851$320,036
Other Expenses$33,486--$33,486
Fees for Services Professional Fundraising--$29,757$29,757
Office Expenses$13,809$6,290$3,975$24,074
Fees for Services Accounting$9,935$4,526$2,860$17,321
Information Technology$8,213$3,740$2,364$14,317
Advertising$7,521$3,426$2,165$13,112
Travel$910$414$262$1,586
Insurance$835$381$240$1,456
Interest$118$54$34$206
Total Functional Expenses$258,394$102,449$94,508$455,351
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$29,757
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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, Page 6, Part VI, Line 11B

990 is reviewed by the officers with the accountant who prepares 990 before signing and mailing.

Form 990, Page 6, Part VI, Line 12C

Officers and directors are required to sign annual conflict of interest information forms.

Form 990, Page 6, Part VI, Line 15A

If there is compensation for top officials, executive board of directors uses asae association and benefits survey.

Form 990, Page 6, Part VI, Line 19

Documents are available by request.

Filing and Contact Details

Filer

Filer Name
Aoba Educational Foundation
EIN
82-2947514
Phone
2022963390
Address
1025 CONNECTICUT AVE NW SUITE 1005, WASHINGTON, DC 20036

Signing Officer

Name
William Clark
Title
Vice Chair
Phone
2022963390
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Barnes
Formed
2017
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Michael Rinaldi & Co Llp
Address
5028 WISCONSIN AVE NW SUITE 300, WASHINGTON, DC 20016-4118
Preparer
Lily L Tse
Phone
2023638500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The aoba educational foundation (aef), a 501(c)(3) non-profit organization, was created to address the talent crisis in the commercial real estate industry by focusing on the critical need to promote careers in building operations, engineering, and maintenance. We connect job seekers, training centers, workforce development programs, and employers all to help companies recruit, develop, train, and retain the next generation of skilled tradespeople in the metro dc region. Our work provides long-term, tangible economic benefits and a workforce development pathway to stable, lucrative careers. For years, commercial property managers have been challenged to recruit, hire, and retain the next generation of building operations employees. In response to this pressing need, the aef was formed as a vehicle to create a comprehensive, regional solution to what many refer to as the engineering talent crisis. Although our primary mission is focused on commercial real estate careers, we are also taking steps to provide services that support careers in residential property management, commercial janitorial service, and skilled trades (hvac, electrical, and plumbing.)

Form 990, Page 2, Part III, Line 4A

The main purpose and undertaking of the aef is to address a commercial real estate talent crises by focusing on the critical need to promote careers in property management engineering and maintenance. To facilitate this purpose the aef launched the office building engineering internship program. Program revenue and expenses were associated with the establishing and operation of a dynamic educational, marketing, and recruitment outreach, as well as professional development programs, to promote building engineering and maintenance careers throughout the region. To facilitate this purpose, the aef launched the office building engineering internship program.

Form 990, Part IX, Line 11G

Staffing cost 183,567 83,618 52,851

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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0RAINMAKERS LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1DERINGER CONSULTING
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AOBA EDUCATIONAL FOUNDATION (AEF), A 501(C)(3) NON-PROFIT ORGANIZATION, WAS CREATED TO ADDRESS THE TALENT CRISIS IN THE COMMERCIAL REAL ESTATE INDUSTRY BY FOCUSING ON THE CRITICAL NEED TO PROMOTE CAREERS IN BUILDING OPERATIONS, ENGINEERING, AND MAINTENANCE. WE CONNECT JOB SEEKERS, TRAINING CENTERS, WORKFORCE DEVELOPMENT PROGRAMS, AND EMPLOYERS ALL TO HELP COMPANIES RECRUIT, DEVELOP, TRAIN, AND RETAIN THE NEXT GENERATION OF SKILLED TRADESPEOPLE IN THE METRO DC REGION. OUR WORK PROVIDES LONG-TERM, TANGIBLE ECONOMIC BENEFITS AND A WORKFORCE DEVELOPMENT PATHWAY TO STABLE, LUCRATIVE CAREERS. FOR YEARS, COMMERCIAL PROPERTY MANAGERS HAVE BEEN CHALLENGED TO RECRUIT, HIRE, AND RETAIN THE NEXT GENERATION OF BUILDING OPERATIONS EMPLOYEES. IN RESPONSE TO THIS PRESSING NEED, THE AEF WAS FORMED AS A VEHICLE TO CREATE A COMPREHENSIVE, REGIONAL SOLUTION TO WHAT MANY REFER TO AS THE ENGINEERING TALENT CRISIS. ALTHOUGH OUR PRIMARY MISSION IS FOCUSED ON COMMERCIAL REAL ESTATE CAREERS, WE ARE ALSO TAKING STEPS TO PROVIDE SERVICES THAT SUPPORT CAREERS IN RESIDENTIAL PROPERTY MANAGEMENT, COMMERCIAL JANITORIAL SERVICE, AND SKILLED TRADES (HVAC, ELECTRICAL, AND PLUMBING.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MAIN PURPOSE AND UNDERTAKING OF THE AEF IS TO ADDRESS A COMMERCIAL REAL ESTATE TALENT CRISES BY FOCUSING ON THE CRITICAL NEED TO PROMOTE CAREERS IN PROPERTY MANAGEMENT ENGINEERING AND MAINTENANCE. TO FACILITATE THIS PURPOSE THE AEF LAUNCHED THE OFFICE BUILDING ENGINEERING INTERNSHIP PROGRAM. PROGRAM REVENUE AND EXPENSES WERE ASSOCIATED WITH THE ESTABLISHING AND OPERATION OF A DYNAMIC EDUCATIONAL, MARKETING, AND RECRUITMENT OUTREACH, AS WELL AS PROFESSIONAL DEVELOPMENT PROGRAMS, TO PROMOTE BUILDING ENGINEERING AND MAINTENANCE CAREERS THROUGHOUT THE REGION. TO FACILITATE THIS PURPOSE, THE AEF LAUNCHED THE OFFICE BUILDING ENGINEERING INTERNSHIP PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IS REVIEWED BY THE OFFICERS WITH THE ACCOUNTANT WHO PREPARES 990 BEFORE SIGNING AND MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST INFORMATION FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF THERE IS COMPENSATION FOR TOP OFFICIALS, EXECUTIVE BOARD OF DIRECTORS USES ASAE ASSOCIATION AND BENEFITS SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STAFFING COST 183,567 83,618 52,851
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0455351
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IRS990/USAddress/AddressLine1Txt0C/O 1025 CONNECTICUT AVE NW 1005
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IRS990/USAddress/StateAbbreviationCd0DC
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IRS990/WebsiteAddressTxt0WWW.AOBAFOUNDATION.ORG
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02022963390
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AOBA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AOBA
ReturnHeader/Filer/EIN0822947514
ReturnHeader/Filer/PhoneNum02022963390
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId084AF2EFF7C101773FA5E775D573FEC8A70876C60
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05A7A4F439138A9CB74D90B3FD03E63DD3B4E92B0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.193.137.197
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:20:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481267223
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL RINALDI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05028 WISCONSIN AVE NW SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0200164118
ReturnHeader/PreparerPersonGrp/PhoneNum02023638500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILY L TSE
ReturnHeader/ReturnTs02020-11-16T13:20:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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