Civic Intelligence

Shoreline Public Schools Foundation

990 • Fiscal year 2019 • EIN 91-1556631

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 01, 2019

18560 1st Ave NEShoreline, WA 98155

(206) 393-4107

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

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

Liabilities / Revenue

28th percentile

0.00x

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

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

Net Margin

73rd percentile

17%

Higher net margin than 73% 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

57th percentile

5.9%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

25th percentile

-9.3%

Faster revenue growth than 25% of similar nonprofits.

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

Assets

Up

$832,836

Up $46,298 (+5.9%) from 2018

Net Assets

Up

$832,836

Up $46,436 (+5.9%) from 2018

Liabilities

Down

$0

Down $138 (-100%) from 2018

Revenue

Down

$280,631

Down $28,819 (-9.3%) from 2018

Expenses

Down

$234,195

Down $1,884 (-0.8%) from 2018

Net Income

Down

$46,436

Down $26,935 (-37%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $472,450Liabilities 2011: $02011Assets 2012: $548,621Liabilities 2012: $0Net Assets 2012: $548,6212012Assets 2013: $591,945Liabilities 2013: $880Net Assets 2013: $591,0652013Assets 2014: $681,989Liabilities 2014: $8,902Net Assets 2014: $673,0872014Assets 2015: $642,478Liabilities 2015: $807Net Assets 2015: $641,6712015Assets 2016: $613,852Liabilities 2016: $139Net Assets 2016: $613,7132016Assets 2017: $713,167Liabilities 2017: $138Net Assets 2017: $713,0292017Assets 2018: $786,538Liabilities 2018: $138Net Assets 2018: $786,4002018Assets 2019: $832,836Liabilities 2019: $0Net Assets 2019: $832,8362019Assets 2020: $827,259Liabilities 2020: $1,040Net Assets 2020: $826,2192020Assets 2021: $1,121,811Liabilities 2021: $7,397Net Assets 2021: $1,114,4142021Assets 2022: $1,052,162Liabilities 2022: $0Net Assets 2022: $1,052,1622022Assets 2023: $1,169,591Liabilities 2023: $0Net Assets 2023: $1,169,5912023

Highlighted filing

2019

Assets$832,836
Liabilities$0
Net Assets$832,836

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $156,979Expenses 2011: $130,518Net Income 2011: $26,4612011Expenses 2012: $124,0292012Expenses 2013: $138,2252013Revenue 2014: $258,578Expenses 2014: $176,556Net Income 2014: $82,0222014Revenue 2015: $207,443Expenses 2015: $238,859Net Income 2015: -$31,4162015Revenue 2016: $206,836Expenses 2016: $234,794Net Income 2016: -$27,9582016Revenue 2017: $295,006Expenses 2017: $195,690Net Income 2017: $99,3162017Revenue 2018: $309,450Expenses 2018: $236,079Net Income 2018: $73,3712018Revenue 2019: $280,631Expenses 2019: $234,195Net Income 2019: $46,4362019Revenue 2020: $239,817Expenses 2020: $246,434Net Income 2020: -$6,6172020Revenue 2021: $478,419Expenses 2021: $190,224Net Income 2021: $288,1952021Revenue 2022: $196,828Expenses 2022: $259,080Net Income 2022: -$62,2522022Revenue 2023: $354,599Expenses 2023: $237,170Net Income 2023: $117,4292023

Highlighted filing

2019

Revenue$280,631
Expenses$234,195
Net Income$46,436
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$291,700
Mission and Program Overview

Mission

SPSF raises funds to support academic excellence and expanded learning opportunities for P - 12 students in Shoreline Public Schools. SPSF grants funds to support expanded learning opportunities in three key areas Bridging the Achievement Gap Science, Technology, Engineering and Math STEM and Arts, Music Diversity Enrichment

Shoreline Public Schools Foundation raises funds to support expanded teaching and learning opportunities for all students in the Shoreline Public Schools, Shoreline, WA

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$656,289$677,130▲ $20,841
Savings and Temporary Cash Investments$32,747$153,392▲ $120,645
Cash and Non-Interest-Bearing Accounts$94,365--
Land, Buildings, and Equipment, Net$3,137$2,314▼ $823
Total Assets$786,538$832,836▲ $46,298
Liabilities
Accounts Payable and Accrued Expenses$138--
Total Liabilities$138$0▼ $138
Net Assets / Fund Balance
Temporarily Rstr Net Assets$32,666$582,209▲ $549,543
Unrestricted Net Assets$753,734$250,627▼ $503,107
Total Net Assets Fund Balance$786,400$832,836▲ $46,436
Total Liabilities and Net Assets / Fund Balance$786,538$832,836▲ $46,298

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,228$2,522$4,750
Equipment$86$1,008$1,094
Investment Program Related Org$17,374--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michelle BrownCo-President
Molly KostenCo-President
Silje SodalVice President
Cindy PridemoreExecutive Director
Deci EvansTrustee
Jennifer CombsTrustee
Kris McReaTrustee
Myrna HabermannTrustee
Rebecca ArpinTrustee
Sarah CraneTrustee
Saul ClifasefiTrustee
Sunshine McArthurTrustee
Thomi KarimbakasTrustee
Charelene CarlsonOffice Manager
Jenni GallagherSecretary
Darrel RichTreasurer
Ken AltenaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,910
Program Service Revenue
$0
Investment Income
$27,511
Other Revenue
$218,210
All Other Contributions
$34,910
Change in Net Assets
$46,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$280,631
Revenue Not Reported on Form 990
$19,352
Total Revenue per Audited Statements
$299,983
Total Revenue per Form 990
$280,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$152,533
Salaries, Compensation, and Employee Benefits$61,783
Other Expenses$19,879
Total Fundraising Expense$1,724
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$152,533--$152,533
Current Officers, Directors, Trustees, and Key Employees$33,139$23,861-$57,000
Fees for Service Investment Mgmnt Fees-$6,484-$6,484
Fees for Services Accounting-$4,785-$4,785
Payroll Taxes$2,781$2,002-$4,783
Information Technology-$2,828$20$2,848
Insurance-$1,546-$1,546
Office Expenses-$847-$847
Depreciation Depletion$411$412-$823
Other Expenses-$10$1,704$10
Total Functional Expenses$188,864$43,607$1,724$234,195

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$254,163
Expenses per Audited Statements$234,195
Total Expenses per Form 990$234,195
Expenses Not Reported on Form 990$19,968
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shoreline Public SchoolsShoreline, WA501c3Expand funding for school programs not paid through tax revenue$152,533
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$229,279
Fundraising Direct Expenses$11,069
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Event$146,120$146,120-$146,120
Fall Campaign$83,159$83,159$1,586$81,573
Total Events$229,279$229,279$11,069$218,210
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
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, Part VI, Section B, Line 11B

Treasurer and Past Treasurer review Form 990 prior to its filing. Copy of Form 990 is available to all board members and is available online.

Form 990, Part VI, Section C, Line 19

All governing documents and other agreements, including organizational records, are available to the public during normal business hours. Conflict of interest is reviewed annaully interim Financial Statement are presented at board meetings. Annual Report is available to Board members and are published on-line for the general public

Filing and Contact Details

Filer

Filer Name
Shoreline Public Schools Foundation
EIN
91-1556631
Phone
2063934107
Address
18560 1st Ave NE, Shoreline, WA 98155

Signing Officer

Name
Darrel Rich
Title
Treasurer
Signed
2019-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Hughes Treasurer
Formed
1992
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
45

Preparer

Firm
Donald W Bell CPA
Address
18130 Midvale Ave North, Shoreline, WA 98133-4536
Preparer
Donald W Bell
Phone
2065462345
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Contra offset for In-Kind contributions - 5,290

Financial Statement Notes

XI 2D

Direct costs attributable to fund raising events

XII 2D

Direct costs attributable to fund raising events

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IRS990/MissionDesc0SPSF raises funds to support academic excellence and expanded learning opportunities for P - 12 students in Shoreline Public Schools. SPSF grants funds to support expanded learning opportunities in three key areas Bridging the Achievement Gap Science, Technology, Engineering and Math STEM and Arts, Music Diversity Enrichment
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.35$0.24$0.12
2022Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$0.20$0.26$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.01$1.11$0.48$0.19$0.29
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.24$0.25$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.28$0.23$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.31$0.24$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$0.30$0.20$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.21$0.23$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.21$0.24$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.26$0.18$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.12
2011Summary only. Only limited summary data is available for this year.$0.47$0.00$0.16$0.13$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $500k-$1M nonprofits