Civic Intelligence

Aoba Educational Foundation

990 • Fiscal year 2022 • EIN 82-2947514

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.AOBAFOUNDATION.ORG
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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-5.6%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$371,335

Up $36,831 (+11%) from 2021

Net Assets

Up

$371,335

Up $36,831 (+11%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin64th percentile

Revenue

Down

$250,122

Down $14,905 (-5.6%) from 2021

Expenses

Up

$213,291

Up $34,405 (+19%) from 2021

Net Income

Down

$36,831

Down $49,310 (-57%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

2022

Assets$371,335
Liabilities$0
Net Assets$371,335
Open 2022 Filing

Operations Trend

Revenue Growth35th percentile

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

2022

Revenue$250,122
Expenses$213,291
Net Income$36,831
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$250,122
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$334,504$371,335▲ $36,831
Total Assets$334,504$371,335▲ $36,831
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$334,504$371,335▲ $36,831
Total Net Assets Fund Balance$334,504$371,335▲ $36,831
Total Liabilities and Net Assets / Fund Balance$334,504$371,335▲ $36,831
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Diane PetersChair, Treas
David FerraraVice Chair
Dave DargenzioDirector
David GreenspunDirector
John DeadwylerDirector
Margaret O JeffersExecutive VP
Revenue and Support

Revenue Composition

Contributions and Grants
$250,049
Program Service Revenue
$0
Investment Income
$73
Other Revenue
$0
All Other Contributions
$250,049
Change in Net Assets
$36,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,291
Total Fundraising Expense$27,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$133,455$38,188$24,129$195,772
Information Technology$7,642$3,482$2,200$13,324
Insurance$1,328$605$382$2,315
Office Expenses$1,078$491$311$1,880
Total Functional Expenses$143,503$42,766$27,022$213,291
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
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
Chair, Treasurer
Phone
2022963390
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Peters
Formed
2017
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
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

“Professional fees 7,031 3,203 2,024 staffing cost 76,799 34,985 22,105 consulting 49,625 0 0 total 133,455 38,188 24,129”

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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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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/ExplanationTxt5PROFESSIONAL FEES 7,031 3,203 2,024 STAFFING COST 76,799 34,985 22,105 CONSULTING 49,625 0 0 TOTAL 133,455 38,188 24,129
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0334504
IRS990/TotalAssetsEOYAmt0371335
IRS990/TotalAssetsGrp/BOYAmt0334504
IRS990/TotalAssetsGrp/EOYAmt0371335
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0250049
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt027022
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042766
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213291
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0334504
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0371335
IRS990/TotalProgramServiceExpensesAmt0143503
IRS990/TotalRevenueGrp/ExclusionAmt073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0334504
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0371335
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O 1025 CONNECTICUT AVE NW 1005
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020036
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.AOBAFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE PETERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR, TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02022963390
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AOBA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AOBA
ReturnHeader/Filer/EIN0822947514
ReturnHeader/Filer/PhoneNum02022963390
ReturnHeader/Filer/USAddress/AddressLine1Txt01025 CONNECTICUT AVE NW SUITE 1005
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILY L TSE
ReturnHeader/ReturnTs02023-11-15T18:56:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PETERS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$371,335
Liabilities
$0
Net assets
$371,335
Revenue
$250,122
Expenses
$213,291
Net income
$36,831
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$0.12$3.81$2.62$2.76$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.07$0.12$3.96$2.59$2.35$0.24
2022Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$2.50$2.13$0.37
2021Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$2.65$1.79$0.86
2020Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$2.50$1.62$0.88
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.34$1.61$5.13$4.55$0.58
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.67$1.03$3.61$2.58$1.03