Civic Intelligence

Rio Rancho Education Foundation Inc

EIN 85-0434020 • 501(c)3 • Rio Rancho, NM

Profile

To provide educational grants to teachers or individual schools of the rio rancho public school district.

PO Box 45030Rio Rancho, NM 87174

www.rref.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

13th percentile

-55%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$344,578

Up $18,276 (+5.6%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Up

$344,578

Up $18,276 (+5.6%) from 2018

Revenue

Down

$30,244

Down $16,310 (-35%) from 2018

Expenses

Up

$46,760

Up $5,089 (+12%) from 2018

Net Income

Down

-$16,516

Down $21,399 (-438%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $411,008Liabilities 2010: $0Net Assets 2010: $411,0082010Assets 2011: $430,861Liabilities 2011: $02011Assets 2012: $421,859Liabilities 2012: $0Net Assets 2012: $421,8592012Assets 2013: $446,011Liabilities 2013: $0Net Assets 2013: $446,0112013Assets 2014: $434,096Liabilities 2014: $2,050Net Assets 2014: $432,0462014Assets 2015: $384,459Liabilities 2015: $1,100Net Assets 2015: $383,3592015Assets 2016: $396,220Liabilities 2016: $0Net Assets 2016: $396,2202016Assets 2017: $350,767Liabilities 2017: $0Net Assets 2017: $350,7672017Assets 2018: $326,302Liabilities 2018: $0Net Assets 2018: $326,3022018Assets 2019: $344,578Liabilities 2019: $0Net Assets 2019: $344,5782019

Highlighted filing

2019

Assets$344,578
Liabilities$0
Net Assets$344,578

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KExpenses 2010: $43,2062010Revenue 2011: $55,257Expenses 2011: $35,404Net Income 2011: $19,8532011Revenue 2012: $30,831Expenses 2012: $39,833Net Income 2012: -$9,0022012Revenue 2013: $56,802Expenses 2013: $32,750Net Income 2013: $24,0522013Revenue 2014: $40,760Expenses 2014: $41,293Net Income 2014: -$5332014Revenue 2015: $31,387Expenses 2015: $74,053Net Income 2015: -$42,6662015Revenue 2016: $15,223Expenses 2016: $15,704Net Income 2016: -$4812016Revenue 2017: $55,287Expenses 2017: $115,259Net Income 2017: -$59,9722017Revenue 2018: $46,554Expenses 2018: $41,671Net Income 2018: $4,8832018Revenue 2019: $30,244Expenses 2019: $46,760Net Income 2019: -$16,5162019

Highlighted filing

2019

Revenue$30,244
Expenses$46,760
Net Income-$16,516

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$748,311
Mission and Program Overview

Mission

To provide educational grants to teachers or individual schools of the rio rancho public school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$376,170$328,116▼ $48,054
Cash and Non-Interest-Bearing Accounts$5,099$13,202▲ $8,103
Savings and Temporary Cash Investments$13,076$9,449▼ $3,627
Prepaid Expenses and Deferred Charges$1,875--
Total Assets$396,220$350,767▼ $45,453
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$396,220$350,767▼ $45,453
Total Net Assets Fund Balance$396,220$350,767▼ $45,453
Total Liabilities and Net Assets / Fund Balance$396,220$350,767▼ $45,453
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael MierzejewskiPast President
Gary TrippPresident
Billy P StanageVP and President Elect
Jim AdemuyiwaDirector
Marilyn Lake D AngeloDirector
Melissa LeymonDirector
Michael SilvaDirector
Nicole SmithDirector
Patricia DivastoDirector
Barbara RiveraSecretary
Katrina B LuceroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,789
Program Service Revenue
$0
Investment Income
$26,498
Other Revenue
$0
All Other Contributions
$14,105
Change in Net Assets
$-59,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,472
Other Expenses$44,787
Total Fundraising Expense$17,935
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$70,472--$70,472
Fees for Services Other-$1,500$13,586$15,086
Fees for Services Accounting-$10,553-$10,553
Fees for Services Management$3,834$3,834-$7,668
Fees for Service Investment Mgmnt Fees-$5,374-$5,374
Advertising--$3,492$3,492
Insurance-$744-$744
Office Expenses-$510-$510
Other Expenses-$322$501$501
Conferences and Meetings-$181-$181
Travel--$95$95
Total Functional Expenses$74,306$23,018$17,935$115,259
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rr Public SchoolsRio Rancho, NM170b1aiiEducational Grants-
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Katrina B Lucero CPA Dba Acctg andOfficer and DirectorInkind Acctg and Taxation ServicesNo$10,553
Linda E JacksonSpouse of Director and Contr Ex DirProvided Management ServicesNo$7,668
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 family members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Former board director, mike silva, was related to contract executive director, linda e jackson, through marriage as her husband. Although an actual conflict of interest was identified and determined to exisit, one or both husband and wife refused to resign, denying any conflict of interst existed. In early 2018, the board being in a difficult situation that was negatively impacting the organization, was finally able to rectify the conflict of interst by a majority vote to terminate the executive director position. The entire board, except husband director mike silva, voted in favor of terminating wife linda e jackson as executive director of the organization.

Form 990 governing body review Part VI line 11

The board of directors is required to review and approve the annual form 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

The board adopted a conflict of interest policy in prior years and spent significant time in 2017 studying actual and implied conflicts of interest.

CEO executive director top management comp Part VI line 15A

Organization does not have any w-2 paid employees. For five months in 2017 organization had a part time contract executive director who was issued a form 1099 for non employee compensation. The process for establishing payment of any kind to any employee or vendor is presentment to the entire board. After discussion of potential expenditure or hiring, obtaining comparable quotes, if applicable, board approval or disapproval is determined by majority vote. All actions related to purchasing and hiring of employees is noted and documented in the board meeting minutes.

Governing documents etc available to public Part VI line 19

All available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rio Rancho Education Foundation Inc
EIN
85-0434020
Address
PO BOX 45030, RIO RANCHO, NM 87174

Signing Officer

Name
Billy P Stanage
Title
President
Phone
5058923300
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Billy P Stanage
Formed
1994
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
5

Preparer

Firm
Accounting and Taxation Svcs LLC
Address
1400 JACKIE ROAD SE STE 101, RIO RANCHO, NM 87124
Preparer
Katrina B Lucero CPA
Phone
5058966606
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Entertainer fee for performance $10,625entertainer travel exp $1,085

Raw XML AppendixShowing 400 of 415 raw XML fields

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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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt070472
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EDUCATIONAL KITS AND SUPPLIES REQUESTED
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RR PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 LASER ROAD NE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RIO RANCHO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NM
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PURCHASED EDUCATIONAL MATERIAL AND KITS FOR USE IN THE CLASSROOM TO SUPPLEMENT CIRRICULUM. USE OF AND PURPOSE OF EDUCATIONAL MATERIAL AND KITS IS LIMITED AND SPECIFIC TO CLASSROOM INSTRUCTION. DUE TO THE DIRECT PURCHASE OF MATERIAL AND KITS FROM THE VENDOR, THE ORGANIZATION WAS ABLE TO FULLY MONITOR THE USE OF GRANT FUNDS AND NOTE THE USE OF FOR THIER INTENDED PURPOSE IN THE CLASSROOMS OF RIO RANCHO PUBLIC SHOOLS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0LINDA E JACKSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KATRINA B LUCERO CPA DBA ACCTG AND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF DIRECTOR AND CONTR EX DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER AND DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROVIDED MANAGEMENT SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INKIND ACCTG AND TAXATION SERVICES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMER BOARD DIRECTOR, MIKE SILVA, WAS RELATED TO CONTRACT EXECUTIVE DIRECTOR, LINDA E JACKSON, THROUGH MARRIAGE AS HER HUSBAND. ALTHOUGH AN ACTUAL CONFLICT OF INTEREST WAS IDENTIFIED AND DETERMINED TO EXISIT, ONE OR BOTH HUSBAND AND WIFE REFUSED TO RESIGN, DENYING ANY CONFLICT OF INTERST EXISTED. IN EARLY 2018, THE BOARD BEING IN A DIFFICULT SITUATION THAT WAS NEGATIVELY IMPACTING THE ORGANIZATION, WAS FINALLY ABLE TO RECTIFY THE CONFLICT OF INTERST BY A MAJORITY VOTE TO TERMINATE THE EXECUTIVE DIRECTOR POSITION. THE ENTIRE BOARD, EXCEPT HUSBAND DIRECTOR MIKE SILVA, VOTED IN FAVOR OF TERMINATING WIFE LINDA E JACKSON AS EXECUTIVE DIRECTOR OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS REQUIRED TO REVIEW AND APPROVE THE ANNUAL FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ADOPTED A CONFLICT OF INTEREST POLICY IN PRIOR YEARS AND SPENT SIGNIFICANT TIME IN 2017 STUDYING ACTUAL AND IMPLIED CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION DOES NOT HAVE ANY W-2 PAID EMPLOYEES. FOR FIVE MONTHS IN 2017 ORGANIZATION HAD A PART TIME CONTRACT EXECUTIVE DIRECTOR WHO WAS ISSUED A FORM 1099 FOR NON EMPLOYEE COMPENSATION. THE PROCESS FOR ESTABLISHING PAYMENT OF ANY KIND TO ANY EMPLOYEE OR VENDOR IS PRESENTMENT TO THE ENTIRE BOARD. AFTER DISCUSSION OF POTENTIAL EXPENDITURE OR HIRING, OBTAINING COMPARABLE QUOTES, IF APPLICABLE, BOARD APPROVAL OR DISAPPROVAL IS DETERMINED BY MAJORITY VOTE. ALL ACTIONS RELATED TO PURCHASING AND HIRING OF EMPLOYEES IS NOTED AND DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ENTERTAINER FEE FOR PERFORMANCE $10,625ENTERTAINER TRAVEL EXP $1,085
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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IRS990/WebsiteAddressTxt0WWW.RREF.ORG
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILLY P STANAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05058923300
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIO RANCHO EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RIOR
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 45030
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-15
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.60.214.10
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15

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