Civic Intelligence

Petaluma Educational Foundation

990 • Fiscal year 2018 • EIN 94-2847212

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

200 Douglas StreetPetaluma, CA 94952

(707) 778-4632

Siviq Scores

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

Liabilities / Assets

55th percentile

0.20x

Higher debt load relative to assets than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.83x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

60th percentile

6.5%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$92,852

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

51st percentile

2.0%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-5.9%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,764,270

Up $110,620 (+2.0%) from 2017

Net Assets

Up

$4,621,666

Up $100,600 (+2.2%) from 2017

Liabilities

Up

$1,142,604

Up $10,020 (+0.9%) from 2017

Revenue

Down

$1,384,433

Down $86,658 (-5.9%) from 2017

Expenses

Up

$1,294,124

Up $22,064 (+1.7%) from 2017

Net Income

Down

$90,309

Down $108,722 (-55%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,135,108Liabilities 2011: $681,466Net Assets 2011: $3,453,6422011Assets 2012: $4,500,070Liabilities 2012: $1,209,893Net Assets 2012: $3,290,1772012Assets 2013: $4,351,155Liabilities 2013: $841,491Net Assets 2013: $3,509,6642013Assets 2014: $4,875,752Liabilities 2014: $826,436Net Assets 2014: $4,049,3162014Assets 2015: $5,254,031Liabilities 2015: $992,206Net Assets 2015: $4,261,8252015Assets 2016: $5,289,463Liabilities 2016: $1,066,377Net Assets 2016: $4,223,0862016Assets 2017: $5,653,650Liabilities 2017: $1,132,584Net Assets 2017: $4,521,0662017Assets 2018: $5,764,270Liabilities 2018: $1,142,604Net Assets 2018: $4,621,6662018Assets 2019: $5,903,975Liabilities 2019: $1,157,554Net Assets 2019: $4,746,4212019Assets 2020: $5,683,024Liabilities 2020: $1,109,675Net Assets 2020: $4,573,3492020Assets 2021: $6,654,747Liabilities 2021: $979,639Net Assets 2021: $5,675,1082021Assets 2022: $6,121,635Liabilities 2022: $722,270Net Assets 2022: $5,399,3652022Assets 2023: $6,604,645Liabilities 2023: $805,360Net Assets 2023: $5,799,2852023Assets 2024: $7,146,536Liabilities 2024: $649,010Net Assets 2024: $6,497,5262024

Highlighted filing

2018

Assets$5,764,270
Liabilities$1,142,604
Net Assets$4,621,666

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $984,0582011Expenses 2012: $1,049,9632012Expenses 2013: $1,204,9152013Revenue 2014: $1,626,618Expenses 2014: $1,260,030Net Income 2014: $366,5882014Revenue 2015: $1,641,076Expenses 2015: $1,306,488Net Income 2015: $334,5882015Revenue 2016: $1,361,465Expenses 2016: $1,253,105Net Income 2016: $108,3602016Revenue 2017: $1,471,091Expenses 2017: $1,272,060Net Income 2017: $199,0312017Revenue 2018: $1,384,433Expenses 2018: $1,294,124Net Income 2018: $90,3092018Revenue 2019: $980,389Expenses 2019: $774,053Net Income 2019: $206,3362019Revenue 2020: $883,641Expenses 2020: $782,376Net Income 2020: $101,2652020Revenue 2021: $1,090,670Expenses 2021: $746,056Net Income 2021: $344,6142021Revenue 2022: $1,393,764Expenses 2022: $836,524Net Income 2022: $557,2402022Revenue 2023: $1,208,172Expenses 2023: $977,781Net Income 2023: $230,3912023Revenue 2024: $1,469,694Expenses 2024: $985,107Net Income 2024: $484,5872024

Highlighted filing

2018

Revenue$1,384,433
Expenses$1,294,124
Net Income$90,309
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,845,296
Mission and Program Overview

Mission

The primary purpose of the petaluma educational foundation is to provide additional educational programs for all public and private nonprofit schools within the petaluma area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,698,282$4,947,943▲ $249,661
Rtn Earn Endowment Incm Other Fnds$4,521,066$4,621,666▲ $100,600
Savings and Temporary Cash Investments$767,062$652,010▼ $115,052
Cash and Non-Interest-Bearing Accounts$126,108$115,180▼ $10,928
Prepaid Expenses and Deferred Charges$20,593$27,114▲ $6,521
Pledges and Grants Receivable$25,410$12,236▼ $13,174
Land, Buildings, and Equipment, Net$16,195$9,787▼ $6,408
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,653,650$5,764,270▲ $110,620
Liabilities
Other Liabilities$787,007$779,459▼ $7,548
Grants Payable$222,241$232,545▲ $10,304
Accounts Payable and Accrued Expenses$57,924$68,420▲ $10,496
Deferred Revenue$65,412$62,180▼ $3,232
Total Liabilities$1,132,584$1,142,604▲ $10,020
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,521,066$4,621,666▲ $100,600
Total Liabilities and Net Assets / Fund Balance$5,653,650$5,764,270▲ $110,620

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,787$77,669$87,456
Other Securities$4,947,943--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,115,161$182,418▲ $280,178-$4,332,526
2016$3,914,044$15,362▲ $391,613-$4,115,161
2015$3,944,281$173,554▲ $31,439-$3,914,044
2014$3,891,407$196,583▲ $82,000-$3,944,281
2013$3,532,889$43,575▲ $514,436-$3,891,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Highland MaureenExecutive DirectorFT$92,852$92,852
Kimball SharonAccounting ManagerPT$46,648$46,648

Board Members and Trustees

NameTitle
Regan MichaelPresident
Maddalena MikeTreasurer, Past President
Burns JohnVice President
Higgins KatherineVice President
Rabbit JaneVice President
Breen BrianBoard Member
Celli Rebecca Joined 102017Board Member
Claussen Joanie Joined 22018Board Member
Gorman RickBoard Member
Isaak CarolBoard Member
Leoni ReginaBoard Member
Libarle Carol AnnBoard Member
Mackay BridgetBoard Member
Marquardt Elizabethjoin 1017Board Member
Mcbride WesBoard Member
Mcgaughey Tim Joined 062018Board Member
Ranadive RajinaBoard Member
Rudder MaureenBoard Member
Soiland MarkBoard Member
Souza PaulaBoard Member
Wedler Henry Joined 122017Board Member
Zimmerman DianeBoard Member
Harris MikeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$480,945
Program Service Revenue
$38,280
Investment Income
$254,950
Other Revenue
$610,258
All Other Contributions
$187,975
Change in Net Assets
$90,309

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table238$60,345Determined by Donor
Other Non Cash Contri Table34$9,813Determined by Donor
Other Non Cash Contri Table21$4,236Determined by Donor
Works of Art9$3,325Determined by Donor
Other Non Cash Contri Table2$2,095Determined by Donor
Other Non Cash Contri Table2$1,900Determined by Donor
Collectibles3$1,025Determined by Donor
Other Non Cash Contri Table3$550Determined by Donor
Other Non Cash Contri Table1$500Determined by Donor
Clothing and Household Goods-$395Determined by Donor
Other Non Cash Contri Table1$300Determined by Donor
Other Non Cash Contri Table1$280Determined by Donor
Other Non Cash Contri Table1$80Determined by Donor
Total Noncash Contributions316$84,844-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$580,985
Salaries, Compensation, and Employee Benefits$527,276
Grants and Similar Amounts Paid$428,696
Other Expenses$338,152
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,325$19,966$275,725$333,016
Grants to Domestic Individuals$220,755--$220,755
Grants to Domestic Orgs$207,941--$207,941
Occupancy-$5,882$154,709$160,591
Current Officers, Directors, Trustees, and Key Employees$23,747$70,896$47,495$142,138
Payroll Taxes$5,039$7,497$31,017$43,553
Office Expenses-$10,584$13,408$23,992
Insurance$294$5,083$15,331$20,708
Fees for Service Investment Mgmnt Fees-$17,664-$17,664
All Other Expenses$2,758$5,401$8,033$16,192
Other Expenses$14,545$2,094$12,779$14,545
Depreciation Depletion-$10,058-$10,058
Pension Plan Contributions$1,794$2,669$4,106$8,569
Advertising-$4,369$1,227$5,596
Conferences and Meetings-$3,576-$3,576
Fees for Services Accounting-$3,200-$3,200
Information Technology-$325-$325
Total Functional Expenses$543,875$169,264$580,985$1,294,124
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Petaluma High SchoolPetaluma, CA501(c)(3)Education in Technology & Physical Education$29,664
St Vincent HighPetaluma, CA501(c)(3)Education in Technology$29,568
Additional Grants to Schools Under 5000 Threshold - Detail on FilePetaluma, CA501(c)(3)Education Grants$15,896
Grant SchoolPetaluma, CA501(c)(3)Education for Technology$15,000
Live Oak Charter SchoolPetaluma, CA501(c)(3)Education for Literature$15,000
Corona Creek SchoolPetaluma, CA501(c)(3)Education for Technology$14,969
Casa Grande HighPetaluma, CA501(c)(3)Education in Technology$14,949
Mcnear SchoolPetaluma, CA501(c)(3)Education for Technology$14,941
Meadow SchoolPetaluma, CA501(c)(3)Education for Technology$14,639
Cghs United AnglersPetaluma, CA501(c)(3)Education in Science$14,400
Petaluma City SchoolPetaluma, CA501(c)(3)Education for Technology & Health$13,736
Wilson SchoolPetaluma, CA501(c)(3)Education for Technology$12,534
South County ConsortiumPetaluma, CA501(c)(3)Education for Technology$12,138
La Tercera SchoolPetaluma, CA501(c)(3)Education for Literature$10,409
Valley Vista SchoolPetaluma, CA501(c)(3)Education for Technology$9,777
Uncommitted Grants Paid From Prior Year Awards - Detail on FilePetaluma, CA501(c)(3)Education Grants$-29,679
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$130,899
Fundraising Gross Income$130,004
Gaming Gross Income$4,600
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bash$398,352$114,693$63,483$51,210
Giants Night$20,296$15,311$15,311$0
Total Events$418,648$130,004$130,899$-895
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
ST. VINCENT'S H.S. INVESTMENT POOL$622,852
Misc. School Investment Pools$156,607
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
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
Yes
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

Prior to the filing of the form 990, all members of the board of directors review and approve the final draft. A pdf form of the draft is emailed out to each member of the board of directors and it is their responsibility to review the tax return and respond back in email with their approval of the tax return.

Form 990, Part VI, Section B, Line 12C

Each board member signs the conflict of interest policy statement and a board survey requires disclosure of professional and work affiliations.

Form 990, Part VI, Section B, Line 15

The executive director annually completes a form designed by the foundation to document the executive director's performance in relation to the goals set by the executive committee. Upon completion of the form, the executive director submits it to the executive committee for review. Comparability data for executive director pay is also reviewed by the executive committee as part of the process of determining compensation.

Form 990, Part VI, Section C, Line 19

While the foundation does make its tax return available to the public, it does not make its governing documents and financial statements available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Petaluma Educational Foundation
EIN
94-2847212
Phone
7077784632
Address
200 DOUGLAS STREET, PETALUMA, CA 94952

Signing Officer

Name
Mike Maddalena
Title
Treasurer
Phone
7077784632
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Maddalena
Formed
1982
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
28
Volunteers
71

Preparer

Firm
Pisenti & Brinker Llp
Address
201 1ST STREET SUITE 208, PETALUMA, CA 94952
Preparer
Raymond Pounds
Phone
7077629900
Supplemental Narrative

Financial Statement Notes

Part V, Line 4

The foundation uses a formula provided by the finance committee to withdraw from the endowment fund amounts to fund scholarships and grants.

Raw XML AppendixShowing 400 of 903 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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IRS990/ActivityOrMissionDesc0THE PRIMARY PURPOSE OF THE PETALUMA EDUCATIONAL FOUNDATION IS TO PROVIDE ADDITIONAL EDUCATIONAL PROGRAMS FOR ALL PUBLIC AND PRIVATE NONPROFIT SCHOOLS WITHIN THE PETALUMA AREA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER, PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23ACCOUNTING MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
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IRS990/FormationYr01982
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt0130899
IRS990/FundraisingGrossIncomeAmt0130004
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IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd01
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IRS990/GrossSalesOfInventoryAmt0606553
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InsuranceGrp/ManagementAndGeneralAmt05083
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04947943
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IRS990/IRPDocumentW2GCnt00
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRIMARY PURPOSE OF THE PETALUMA EDUCATIONAL FOUNDATION IS TO PROVIDE ADDITIONAL EDUCATIONAL PROGRAMS FOR ALL PUBLIC AND PRIVATE NONPROFIT SCHOOLS WITHIN THE PETALUMA AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/PrincipalOfficerNm0MIKE MADDALENA
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038280
IRS990/ProgSrvcAccomActy2Grp/Desc0IN ORDER TO PROVIDE ADDITIONAL EDUCATIONAL PROGRAMS IN THE SCHOOLS, THE FOUNDATION SOLICITS FUNDS FOR THE INVEST IN EDUCATION PROGRAM WHICH AWARDS GRANTS TO TEACHERS FOR INNOVATIVE PROGRAMS THAT ENRICH THE EDUCATION OF THE STUDENTS WITHIN THE PETALUMA HIGH SCHOOL DISTRICT BOUNDARIES.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.15$0.65$6.50$1.47$0.99$0.48
2023Detailed filing. Detailed filing data is available for this year.$6.60$0.81$5.80$1.21$0.98$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.12$0.72$5.40$1.39$0.84$0.56
2021Detailed filing. Detailed filing data is available for this year.$6.65$0.98$5.68$1.09$0.75$0.34
2020Detailed filing. Detailed filing data is available for this year.$5.68$1.11$4.57$0.88$0.78$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.90$1.16$4.75$0.98$0.77$0.21
2018Detailed filing. Detailed filing data is available for this year.$5.76$1.14$4.62$1.38$1.29$0.09
2017Detailed filing. Detailed filing data is available for this year.$5.65$1.13$4.52$1.47$1.27$0.20
2016Detailed filing. Detailed filing data is available for this year.$5.29$1.07$4.22$1.36$1.25$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.25$0.99$4.26$1.64$1.31$0.33
2014Detailed filing. Detailed filing data is available for this year.$4.88$0.83$4.05$1.63$1.26$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.84$3.51$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$1.21$3.29$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.68$3.45$0.98