CARROLL EDUCATION FOUNDATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CARROLL EDUCATION FOUNDATION INC (EIN 75-2638646)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-14
IRS object ID
201603199349304525
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-14T11:18:06-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN412024514PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SOMMERVILLE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13030 MATLOCK RD STE 201AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP760152936ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752638646EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARROLL EDUCATION FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCARRBusinessNameControlTxt
Phone8179497064PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 93041AddressLine1Txt
CitySOUTHLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP760921041ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHUCK KOSKOVICHPersonNm
Person TitlePRES ELECT/DIRECTORPersonTitleTxt
Phone8179495982PhoneNum
Signature2016-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonELAINE L SOMMERVILLE CPAPreparerPersonNm
PTINP00204458PTIN
Phone8177955046PhoneNum
Preparation2016-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMIMI TRANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 93041AddressLine1Txt
CitySOUTHLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76092ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$436,778GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SOUTHLAKECEF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO PROVIDE FINANCIAL ASSISTANCE TO THE TEACHERS AND STUDENTS OF THE CARROLL INDEPENDENT SCHOOL DISTRICTActivityOrMissionDesc
Voting Members Governing Body24VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$142,300PYContributionsGrantsAmt
CY Contributions Grants$199,579CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$68,190PYInvestmentIncomeAmt
CY Investment Income$66,824CYInvestmentIncomeAmt
PY Other Revenue-$10,661PYOtherRevenueAmt
CY Other Revenue$31,030CYOtherRevenueAmt
PY Total Revenue$199,829PYTotalRevenueAmt
CY Total Revenue$297,433CYTotalRevenueAmt
PY Grants And Similar Paid$94,900PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$91,476CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$62,165PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$61,940CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$26,703CYTotalFundraisingExpenseAmt
PY Other Expenses$57,357PYOtherExpensesAmt
CY Other Expenses$40,254CYOtherExpensesAmt
PY Total Expenses$214,422PYTotalExpensesAmt
CY Total Expenses$193,670CYTotalExpensesAmt
PY Revenues Less Expenses-$14,593PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$103,763CYRevenuesLessExpensesAmt
Total Assets BOY$1,125,409TotalAssetsBOYAmt
Total Assets EOY$1,264,392TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,125,409NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,264,392NetAssetsOrFundBalancesEOYAmt
MissionTO ENRICH, EXPAND, AND PROTECT EXCELLENCE IN EDUCATION BY CREATING AND DISTRIBUTING RESOURCES FOR THE BENEFIT OF THE STUDENTS OF CARROLL INDEPENDENT SCHOOL DISTRICT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$97,296ExpenseAmt
Grant$79,476GrantAmt
DescCARROLL EDUCATION FOUNDATION'S GRANT PROGRAM PROVIDES SUPPORT TO TEACHERS FOR INNOVATIVE AND CREATIVE INSTRUCTIONAL APPROACHES NOT COVERED BY THE DISTRICT'S NORMAL OPERATING BUDGET. FUNDS ARE USED TO FACILITATE STUDENT ACHIEVEMENT AND SKILL DEVELOPMENT AND TO RECOGNIZE AND ENCOURAGE STAFF EXCELLENCE. IN 2015, 24 TEACHERS RECEIVED GRANTS TO COVER EDUCATIONAL EXPENSES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$12,000ExpenseAmt
Grant$12,000GrantAmt
DescCARROLL EDUCATION FOUNDATION ADMINISTERS SCHOLARSHIPS TO BE AWARDED TO HIGH SCHOOL SENIORS EACH YEAR TO FURTHER THEIR EDUCATION. IN 2015, 12 STUDENTS RECEIVED SCHOLARSHIPS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$109,296TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransYes (true)PYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclfalseQuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisuseYes (true)MaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKATHY TALLEYPersonNm
Phone8179497064PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 93041AddressLine1Txt
CitySOUTHLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76092ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KELLI HENDERSON
PAST PRES/DI1.00Yes (X)Yes (X)$0$0$0
SHANNON GUTHRIE
SECRETARY/DI1.00Yes (X)Yes (X)$0$0$0
TODD CARLTON
TREASURER/DI1.00Yes (X)Yes (X)$0$0$0
CHUCK KOSKOVICH
PRES ELECT/D1.00Yes (X)Yes (X)$0$0$0
DAVID PARRISH
AT LARGE/DIR1.00Yes (X)Yes (X)$0$0$0
JONATHAN PIKE
AT LARGE/DI1.00Yes (X)Yes (X)$0$0$0
ED ADAMS
DIRECTOR1.00Yes (X)$0$0$0
RICH CHAMBERLAIN
DIRECTOR1.00Yes (X)$0$0$0
JAMES AUGHENBAUGH II
DIRECTOR1.00Yes (X)$0$0$0
ANTHONY ERICKSON
DIRECTOR1.00Yes (X)$0$0$0
VANESSA HORNYAK
DIRECTOR1.00Yes (X)$0$0$0
SARAH MASON
DIRECTOR1.00Yes (X)$0$0$0
NOLAN OGDEN
DIRECTOR1.00Yes (X)$0$0$0
STEPHANIE PENNINGTON
DIRECTOR1.00Yes (X)$0$0$0
SHELLY POWELL
DIRECTOR1.00Yes (X)$0$0$0
NATHAN TAYLOR
DIRECTOR1.00Yes (X)$0$0$0
RON TEER
DIRECTOR1.00Yes (X)$0$0$0
NICOLE TESORIERO
DIRECTOR1.00Yes (X)$0$0$0
SHERRI WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
DANIELLE VAUGHN
DIRECTOR1.00Yes (X)$0$0$0
LISA QUINN
AT LARGE/DIR1.00Yes (X)Yes (X)$0$0$0
MIMI TRAN
PRESIDENT/DI1.00Yes (X)Yes (X)$0$0$0
ROBIN AUSTIN
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER ARCHER
DIRECTOR1.00Yes (X)$0$0$0
SHEILA HALLIMAN
DIRECTOR1.00Yes (X)$0$0$0
HEATHER JARVIS
DIRECTOR1.00Yes (X)$0$0$0
STEPHANIE MOONEY
DIRECTOR1.00Yes (X)$0$0$0
KATHY TALLEY
DIRECTOR1.00Yes (X)$0$0$0
LAURA GROSSKOPF
EXECUTIVE DI40.00Yes (X)$50,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$50,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$117,997FundraisingAmt
All Other Contributions$81,582AllOtherContributionsAmt
Noncash Contributions$58,237NoncashContributionsAmt
Total Contributions$199,579TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$65,484TotalRevenueColumnAmt
Exclusion$65,484ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$20,385SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$19,045SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,340SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,340TotalRevenueColumnAmt
Exclusion$1,340ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$148,810FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$117,997ContriRptFundraisingEventAmt
Fundraising Direct Expenses$115,600FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,210TotalRevenueColumnAmt
Exclusion$33,210ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$2,520GamingGrossIncomeAmt
Gaming Direct Expenses$4,700GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column-$2,180TotalRevenueColumnAmt
Exclusion-$2,180ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$297,433TotalRevenueColumnAmt
Exclusion$97,854ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$150TotalAmt
Program Services$150ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$91,326TotalAmt
Program Services$91,326ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$50,039TotalAmt
Program Services$12,510ProgramServicesAmt
Management And General$20,016ManagementAndGeneralAmt
Fundraising$17,513FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$8,076TotalAmt
Program Services$2,019ProgramServicesAmt
Management And General$3,230ManagementAndGeneralAmt
Fundraising$2,827FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,825TotalAmt
Program Services$956ProgramServicesAmt
Management And General$1,530ManagementAndGeneralAmt
Fundraising$1,339FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,729TotalAmt
Management And General$6,729ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,200TotalAmt
Management And General$2,200ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,266TotalAmt
Management And General$8,266ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,361TotalAmt
Management And General$1,804ManagementAndGeneralAmt
Fundraising$557FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,448TotalAmt
Fundraising$4,448FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,496TotalAmt
Management And General$9,477ManagementAndGeneralAmt
Fundraising$19FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,991TotalAmt
Program Services$425ProgramServicesAmt
Management And General$1,566ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$52TotalAmt
Program Services$52ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$504TotalAmt
Program Services$504ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,514TotalAmt
Management And General$2,514ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PRIZES & AWARDS$1,129$1,129
DUES & MEMBERSHIPS$339$339
MEALS$225$225

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$193,670TotalAmt
Program Services$109,296ProgramServicesAmt
Management And General$57,671ManagementAndGeneralAmt
Fundraising$26,703FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,564BOYAmt
EOY$82,486EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$717BOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$102,269EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,122,128BOYAmt
EOY$1,079,637EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,125,409BOYAmt
EOY$1,264,392EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$1,125,409BOYAmt
EOY$1,264,392EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,125,409BOYAmt
EOY$1,264,392EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,125,409BOYAmt
EOY$1,264,392EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$103,763ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$81,049NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$116,269OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$252,198CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$212,348CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$261,183CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$142,300CurrentTaxYearMinus1YearAmt
Current Tax Year$199,579CurrentTaxYearAmt
Total$1,067,608TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$252,198CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$212,348CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$261,183CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$142,300CurrentTaxYearMinus1YearAmt
Current Tax Year$199,579CurrentTaxYearAmt
Total$1,067,608TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$52,732SubstantialContributorsTotAmt
Public Support Total170$1,014,876PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$39,546CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,653CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$43,994CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,885CurrentTaxYearMinus1YearAmt
Current Tax Year$65,484CurrentTaxYearAmt
Total$262,562TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year$33,210CurrentTaxYearAmt
Total$33,210TotalAmt
FieldValueIRS element (for citing)
Total Support$1,363,380TotalSupportAmt
Public Support CY1700.74440PublicSupportCY170Pct
Public Support PY1700.78350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CULINARY CELEBREvent1Nm
Gross Receipts Event1$266,807GrossReceiptsEvent1Amt
Charitable Contri Event1$117,997CharitableContriEvent1Amt
Gross Revenue Event1$148,810GrossRevenueEvent1Amt
Rent Facility Costs Event1$17,372RentFacilityCostsEvent1Amt
Food And Beverage Event1$3,047FoodAndBeverageEvent1Amt
Entertainment Event1$12,353EntertainmentEvent1Amt
Other Direct Expenses Event1$82,828OtherDirectExpensesEvent1Amt
Gross Receipts Total$266,807GrossReceiptsTotalAmt
Charitable Contributions Tot$117,997CharitableContributionsTotAmt
Gross Revenue Total Events$148,810GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$17,372RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$3,047FoodAndBeverageTotalEventsAmt
Entertainment Total Events$12,353EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$82,828OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$115,600DirectExpenseSummaryEventsAmt
Net Income Summary$33,210NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIPS12$12,000
TEACHER GRANTS24$79,326

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationTHE CARROLL EDUCATION FOUNDATION HAS CREATED TWO COMMITTEES TO MONITOR THE GRANT FUNDS, THE GRANT COMMITTEE AND THE SCHOLARSHIP COMMITTEE. THE GRANT COMMITTEE COMES TOGETHER ONCE A YEAR TO SELECT RECIPIENTS OF CEF TEACHERS GRANTS. EACH YEAR, CISD TEACHERS COMPLETE APPLICATIONS TO CEF. THE COMMITTEE, FORMED BY CEF BOARD MEMBERS, THE CEF EXECUTIVE DIRECTOR, AS WELL AS VARIOUS CISD TEACHERS AND ADMINISTRATORS, REVIEWS EACH APPLICATION AND DETERMINES IF IT MEETS THE CRITERIA. STATISTICALLY, CEF FUNDS MORE THAN 90% OF ALL APPLICATIONS THEY RECEIVE. THE AVERAGE GRANT IS APPROXIMATELY 2500. THE SCHOLARSHIP COMMITTEE, MADE UP OF CEF BOARD MEMBERS, COMES TOGETHER ONCE A YEAR TO SELECT 10 OR MORE SCHOLARSHIP RECIPIENTS FROM CISD GRADUATING SENIOR APPLICANTS. EACH APPLICANT IS REVIEWED ON SEVERAL FACTORS INCLUDING MERIT, VOLUNTEER WORK, COMMUNITY INVOLVEMENT, EXTRACURRICULAR ACTIVITIES AND MORE. EACH RECIPIENT WILL RECEIVE A ONE TIME 1500 SCHOLARSHIP TO THE UNIVERSITY OR COLLEGE OF THEIR CHOICE.ExplanationTxt

Schedule L IRS990ScheduleL

Disqualified Person Ex Bnft Tr DisqualifiedPersonExBnftTrGrp

FieldValueIRS element (for citing)
PersonKACY HANKINSPersonNm
Rln Disqualified Person OrgFORMER OFFICERRlnDisqualifiedPersonOrgTxt
TransactionSEE PART VTransactionDesc
Transaction CorrectedfalseTransactionCorrectedInd
FieldValueIRS element (for citing)
Tax Imposed$30,677TaxImposedAmt

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonKACY HANKINSPersonNm
Relationship With OrgEXECUTIVE DIRECTORRelationshipWithOrgTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$116,269OriginalPrincipalAmt
Balance Due$102,269BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalfalseBoardOrCommitteeApprovalInd
Written AgreementfalseWrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$102,269TotalBalanceDueAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationPART I, LINE 1, COLUMN (C) - UNAUTHORIZED DIVERSION OF ASSETS PART I - NONE OF THE ORGANIZATION'S MANAGERS PARTICIPATED IN THE EXCESS BENEFIT TRANSACTION. PART II - THE LOAN ON THE BALANCE SHEET IS AN EXCESS BENEFIT TRANSACTION LISTED IN PART I. ACCORDING TO THE INSTRUCTIONS THIS TRANSACTION IS NOT LISTED IN PART II.ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$60NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$15,791NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)FOOD & WINE23$17,289FMV
Yes (X)ENTERTAINMENT104$9,497FMV
Yes (X)MISCELLANEOUS2$2,800FMV
Yes (X)TRAVEL4$12,800FMV
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PAGE 2, PART IIFormAndLineReferenceDesc
ExplanationPART I COLUMN B IS THE NUMBER OF CONTRIBUTIONS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 5DURING THE YEAR, THE ORGANIZATION DISCOVERED 130,780.33 HAD BEEN DIVERTED TO THE PERSONAL PURPOSES OF AN OFFICER OVER A 5 YEAR PERIOD WITHOUT PROPER AUTHORIZATION OR REPORTING. THE ORGANIZATION ENGAGED AN ATTORNEY AND ENTERED INTO A REPAYMENT AGREEMENT WITH THE INDIVIDUAL. THE AGREEMENT ESTABLISHES A PAYMENT SCHEDULE TO REPAY AN AGREED UPON AMOUNT TO THE ORGANIZATION. AS OF THE END OF 2015 14,000 HAD BEEN REPAID. THE INDIVIDUAL RESIGNED AS OF THE END OF 2014 AND CURRENTLY IS NOT ASSOCIATED WITH THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM. THE FINANCE COMMITTEE CHAIR, THE TREASURER AND THE PRESIDENT REVIEW THE FORM 990 UPON ITS COMPLETION. UPON THEIR APPROVAL THE RETURN IS PREPARED FOR SIGNATURE BY THE CPA FIRM AND THE RETURN IS SIGNED BY THE PRESIDENT.
FORM 990, PAGE 6, PART VI, LINE 15ATHE SALARY FOR THE EXECUTIVE DIRECTOR WAS ESTABLISHED BY THE BOARD OF DIRECTORS USING OUTSIDE DATA IN FEBRUARY 2015. IT IS VOTED ON BY THE BOARD AND DOCUMENTED IN THE MINUTES.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9MISAPPROPRIATION OF ASSETS 116,269 TOTAL 116,269

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