Civic Intelligence

Aoba Educational Foundation

990 • Fiscal year 2021 • EIN 82-2947514

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

75th percentile

35%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

52nd percentile

6.0%

Faster revenue growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$334,504

Up $86,141 (+35%) from 2020

Net Assets

Up

$334,504

Up $86,141 (+35%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$265,027

Up $14,991 (+6.0%) from 2020

Expenses

Up

$178,886

Up $16,607 (+10%) from 2020

Net Income

Down

$86,141

Down $1,616 (-1.8%) from 2020

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

2021

Assets$334,504
Liabilities$0
Net Assets$334,504

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

2021

Revenue$265,027
Expenses$178,886
Net Income$86,141
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$265,027
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$248,063$334,504▲ $86,441
Total Assets$248,363$334,504▲ $86,141
Other Assets Total$300--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$248,363$334,504▲ $86,141
Total Net Assets Fund Balance$248,363$334,504▲ $86,141
Total Liabilities and Net Assets / Fund Balance$248,363$334,504▲ $86,141
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy BarnesChair
Diane PetersVice Chair
Boris HalsteadDirector
John DeadwylerDirector
Stacy WilliamsDirector of
Sarah a CozewithDirector Wrk
Margaret O JeffersExecutive VP
David FerraraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$265,000
Program Service Revenue
$0
Investment Income
$27
Other Revenue
$0
All Other Contributions
$265,000
Change in Net Assets
$86,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,914
Total Fundraising Expense$29,520
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$972
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$94,135$42,883$27,095$164,113
Information Technology$3,057$1,393$879$5,329
Grants to Domestic Orgs$5,000--$5,000
Office Expenses$1,315$600$380$2,295
Fees for Services Professional Fundraising--$972$972
Advertising$498$227$143$868
Insurance$177$81$51$309
Total Functional Expenses$104,182$45,184$29,520$178,886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$972
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
Diane Peters
Title
Vice Chair
Phone
2022963390
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Barnes
Formed
2017
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
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, Part IX, Line 11G

Training and development 1,147 523 330 professional fees 5,604 2,553 1,613 miscellaneous 458 209 132 staffing cost 86,926 39,598 25,020 total 94,135 42,883 27,095

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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/ExplanationTxt1990 IS REVIEWED BY THE OFFICERS WITH THE ACCOUNTANT WHO PREPARES 990 BEFORE SIGNING AND MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN ANNUAL CONFLICT OF INTEREST INFORMATION FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF THERE IS COMPENSATION FOR TOP OFFICIALS, EXECUTIVE BOARD OF DIRECTORS USES ASAE ASSOCIATION AND BENEFITS SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRAINING AND DEVELOPMENT 1,147 523 330 PROFESSIONAL FEES 5,604 2,553 1,613 MISCELLANEOUS 458 209 132 STAFFING COST 86,926 39,598 25,020 TOTAL 94,135 42,883 27,095
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/USAddress/AddressLine1Txt0C/O 1025 CONNECTICUT AVE NW 1005
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL RINALDI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05028 WISCONSIN AVE NW SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILY L TSE
ReturnHeader/ReturnTs02022-11-15T16:48:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PETERS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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