Public Education Foundation of Evansville Inc

What it reported doing in 2018

Scholarships were awarded to 21 university students. Teacher study grants have been awarded fro professional development opportunities. Once completed the individuals will share the information with others throughout the evansville vanderburgh school corporation. Academic superbowl-teams of students from all 15 evansville vanderburgh school corporation, middle and high schools, are supported by the foundation so they may compete annually in areas of fine arts, math, language arts, science and social studies at the city, regional, and state level. Children's theatre productions provide weeklong after-school programs for up to seventy-five elementary and middle school students. They participate in original musica adaptations of a children's fairy tale. Students audition, rehearse with cast and crew and provide two performance on saturday. Academic team assistance-financial assistance is provided for student academic teams who qualify at the state and/or national level in competitions. Middle school speech-each fall this program provides students from all ten evsc middle schools the opportunity to compete in various areas of speech. These areas includ poetry, prose, interpretation, original oratory, and duo interpretation unscripted. Sustainability grants to suppor projects which increase classroom learning in the fields of energy conservation and environmental stewardship. Priority is given to projects that demonstrate the ability to sustain themselves beyond a single school year. Career exploration day-schools participate in the event with middle and high school students from evansville and the surrounding counties participating. Participants have the opportunity to learn from local corporations and businesses about the products and services they provide, the career options they offer, and how they are making a difference in the tri-state area.

Financial Efficiency

• Mission deployment rate: 91.2%; rating input score 91
• Program expense ratio: 76.9%; rating input score 77
• Fundraising efficiency: $7.02 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -10.7%; rating input score 21; 21st percentile among comparable filings
• Total-asset coverage ratio: 2.71; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 15.7%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited