Civic Intelligence

Burlington-Edison Alumni Foundation Dollars for Scholars

990 • Fiscal year 2020 • EIN 94-3199980

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 26, 2022

PO Box 350Burlington, WA 98233

(360) 540-4231

Siviq Scores

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

Liabilities / Assets

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

-0.6%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,308,145

Up $228,066 (+21%) from 2019

Net Assets

Up

$1,116,645

Up $50,566 (+4.7%) from 2019

Liabilities

Up

$191,500

Up $177,500 (+1268%) from 2019

Revenue

Down

$433,885

Down $2,437 (-0.6%) from 2019

Expenses

Up

$383,319

Up $247,978 (+183%) from 2019

Net Income

Down

$50,566

Down $250,415 (-83%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $562,768Liabilities 2011: $0Net Assets 2011: $562,7682011Assets 2012: $606,339Liabilities 2012: $0Net Assets 2012: $606,3392012Assets 2013: $642,753Liabilities 2013: $0Net Assets 2013: $642,7532013Assets 2014: $630,433Liabilities 2014: $0Net Assets 2014: $630,4332014Assets 2015: $634,505Liabilities 2015: $0Net Assets 2015: $634,5052015Assets 2016: $721,394Liabilities 2016: $0Net Assets 2016: $721,3942016Assets 2017: $746,334Liabilities 2017: $22,300Net Assets 2017: $724,0342017Assets 2018: $793,597Liabilities 2018: $29,500Net Assets 2018: $764,0972018Assets 2019: $1,080,079Liabilities 2019: $14,000Net Assets 2019: $1,066,0792019Assets 2020: $1,308,145Liabilities 2020: $191,500Net Assets 2020: $1,116,6452020Assets 2021: $1,421,208Liabilities 2021: $124,017Net Assets 2021: $1,297,1912021Assets 2022: $1,557,591Liabilities 2022: $288,123Net Assets 2022: $1,269,4682022Assets 2023: $1,783,893Liabilities 2023: $208,988Net Assets 2023: $1,574,9052023Assets 2024: $1,934,041Liabilities 2024: $200,408Net Assets 2024: $1,733,6332024

Highlighted filing

2020

Assets$1,308,145
Liabilities$191,500
Net Assets$1,116,645

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $118,509Expenses 2011: $41,198Net Income 2011: $77,3112011Revenue 2012: $87,259Expenses 2012: $43,688Net Income 2012: $43,5712012Revenue 2013: $83,141Expenses 2013: $46,727Net Income 2013: $36,4142013Revenue 2014: $62,410Expenses 2014: $74,730Net Income 2014: -$12,3202014Revenue 2015: $66,346Expenses 2015: $62,274Net Income 2015: $4,0722015Revenue 2016: $167,100Expenses 2016: $80,211Net Income 2016: $86,8892016Revenue 2017: $92,295Expenses 2017: $71,932Net Income 2017: $20,3632017Revenue 2018: $141,992Expenses 2018: $99,929Net Income 2018: $42,0632018Revenue 2019: $436,322Expenses 2019: $135,341Net Income 2019: $300,9812019Revenue 2020: $433,885Expenses 2020: $383,319Net Income 2020: $50,5662020Revenue 2021: $338,340Expenses 2021: $157,794Net Income 2021: $180,5462021Revenue 2022: $627,856Expenses 2022: $655,579Net Income 2022: -$27,7232022Revenue 2023: $542,807Expenses 2023: $237,370Net Income 2023: $305,4372023Revenue 2024: $508,276Expenses 2024: $349,548Net Income 2024: $158,7282024

Highlighted filing

2020

Revenue$433,885
Expenses$383,319
Net Income$50,566
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 26, 2022
Return Version
2020v4.1
Gross Receipts
$434,016
Mission and Program Overview

Mission

The foundation manages and administers scholarships to graduating high-school seniors at burlington-edison high school and furthering education for graduates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$989,854$1,112,428▲ $122,574
Cash and Non-Interest-Bearing Accounts$90,225$195,717▲ $105,492
Total Assets$1,080,079$1,308,145▲ $228,066
Liabilities
Grants Payable$14,000$191,500▲ $177,500
Total Liabilities$14,000$191,500▲ $177,500
Net Assets / Fund Balance
Net Assets With Donor Restrictions$987,946$737,532▼ $250,414
Net Assets Without Donor Restrictions$78,133$379,113▲ $300,980
Total Net Assets Fund Balance$1,066,079$1,116,645▲ $50,566
Total Liabilities and Net Assets / Fund Balance$1,080,079$1,308,145▲ $228,066

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$129,240-▲ $13,757-$141,497
2019$116,426-▲ $12,814-$129,240
2018$121,942-▼ $4,016-$116,426
2017$123,626$100▲ $1,216-$121,942
2016$125,261$150▲ $1,215-$123,626
Compensation and Service Providers

Board Members and Trustees

NameTitle
John BurkePresident
Linda JohnsonVice President
Andi MartinDirector
Barb DahlstedtDirector
Becky JansmaDirector
Doug NobletDirector
Jackie FrazierDirector
Jody LeaseDirector
Karin PeckDirector
Kathi MarilleyDirector
Keith WilsonDirector
Maria PickeringDirector
Roger HowardDirector
Scot BuchananDirector
Veonne BrownDirector
Peggy StoweSecretary
Ashley StoweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$294,842
Program Service Revenue
$0
Investment Income
$135,814
Other Revenue
$3,229
All Other Contributions
$293,637
Change in Net Assets
$50,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$365,680
Other Expenses$17,639
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$365,680--$365,680
Fees for Service Investment Mgmnt Fees-$13,229-$13,229
Fees for Services Accounting-$1,775-$1,775
Other Expenses-$516-$516
Insurance-$361-$361
Total Functional Expenses$365,680$17,639$0$383,319
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,360
Fundraising Direct Expenses$131
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
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
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

Some officers are related (peggy & ashley stowe).

Form 990 governing body review Part VI line 11

This form 990 will not be reviewed by the board.

Conflict of interest policy compliance Part VI line 12C

All members must sign the policy.

Governing documents etc available to public Part VI line 19

All documents are made available at the burlington-edison school district office.

Filing and Contact Details

Filer

Filer Name
Burlington-edison Alumni Foundation Dollars for Sc
EIN
94-3199980
Address
PO BOX 350, BURLINGTON, WA 98233

Signing Officer

Name
Ashley Stowe
Title
Treasurer
Phone
3605404231
Signed
2022-04-26
Discuss with paid preparer
No

Organization Details

Formed
1992
Legal Domicile
Wa
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
14

Preparer

Firm
Legg & Watne CPAs
Address
2204 Riverside Dr STE 220, Mount Vernon, WA 98273
Preparer
Mike Watne
Phone
3604241752
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSE & FEES
IRS990/OtherExpensesGrp/Desc1POSTAGE AND SUPPLIES
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2516
IRS990/OtherExpensesGrp/TotalAmt0800
IRS990/OtherExpensesGrp/TotalAmt1958
IRS990/OtherExpensesGrp/TotalAmt2516
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt0285314
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0117520
IRS990/PYInvestmentIncomeAmt0148206
IRS990/PYOtherExpensesAmt017821
IRS990/PYOtherRevenueAmt02802
IRS990/PYRevenuesLessExpensesAmt0300981
IRS990/PYTotalExpensesAmt0135341
IRS990/PYTotalRevenueAmt0436322
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IRS990/ReconcilationRevenueExpnssAmt050566
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0989854
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01112428
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0294842
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0285314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0160177
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt081923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0160431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0982687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0135804
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0-18964
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07872
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06766
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01396
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02959
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02695
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0135804
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0-18964
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07872
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06766
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IRS990ScheduleA/InvestmentIncomePYPct00.17000
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IRS990ScheduleA/PublicSupportTotal509Amt0997024
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0289231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0161573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt084882
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0163126
IRS990ScheduleA/Total509Grp/TotalAmt0997024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0434016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0437437
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0142609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt092754
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0169892
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01276708
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0129240
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0141497
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013757
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0116426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0129240
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012814
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0121942
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0116426
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4016
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0123626
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0121942
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt03000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01216
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0125261
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0123626
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt03000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01215
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0189180
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt095
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MONITORING PROCEDURES
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOME OFFICERS ARE RELATED (PEGGY & ASHLEY STOWE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS FORM 990 WILL NOT BE REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS MUST SIGN THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE MADE AVAILABLE AT THE BURLINGTON-EDISON SCHOOL DISTRICT OFFICE.
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/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01080079
IRS990/TotalAssetsEOYAmt01308145
IRS990/TotalAssetsGrp/BOYAmt01080079
IRS990/TotalAssetsGrp/EOYAmt01308145
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.93$0.20$1.73$0.51$0.35$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.78$0.21$1.57$0.54$0.24$0.31
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.29$1.27$0.63$0.66$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.42$0.12$1.30$0.34$0.16$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.19$1.12$0.43$0.38$0.05
2019Summary only. Only limited summary data is available for this year.$1.08$0.01$1.07$0.44$0.14$0.30
2018Summary only. Only limited summary data is available for this year.$0.79$0.03$0.76$0.14$0.10$0.04
2017Summary only. Only limited summary data is available for this year.$0.75$0.02$0.72$0.09$0.07$0.02
2016Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$0.17$0.08$0.09
2015Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$0.07$0.06$0.00
2014Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$0.06$0.07$0.01
2013Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.08$0.05$0.04
2012Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$0.09$0.04$0.04
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.12$0.04$0.08