Form 990 for tax year 2022
Filed by LENAWEE COUNTY EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $878,796
- Total expenses
- $292,390
- Contributions and grants received
- $835,376
- Grants paid
- $288,528
- Program service revenue
- $0
- Investment income
- $8,228
- Other revenue
- $35,192
- Total assets, end of year
- $1,398,512
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,398,512
- Program services expenses (Part IX)
- $288,528
- Management and general expenses
- $3,862
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $288,528
Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$835,376
-
3 · Investment income
total $7,281 · related or exempt $3,007 · excluded $4,274
-
7a · Gross sales of assets other than inventory
securities $10,947
-
7b · Less cost or other basis and sales expenses
securities $10,000
-
7c · Gain or loss
securities $947
-
7d · Net gain or loss
total $947 · related or exempt $947
-
8a · Fundraising events: gross income
$44,388
-
8b · Fundraising events: direct expenses
$9,196
-
8c · Net income from fundraising events
total $35,192
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $288,528 · program services $288,528
-
24a · Other expenses: INVESTMENT FEES
total $3,819 · management and general $3,819
-
24b · Other expenses: MISCELLANEOUS
total $43 · management and general $43
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $612,897 · end of year $251,288
-
2 · Savings and temporary cash investments
end of year $946,614
-
11 · Investments: publicly traded securities
beginning of year $19,144 · end of year $18,700
-
15 · Other assets
beginning of year $166,746 · end of year $181,910
-
27 · Net assets without donor restrictions
beginning of year $225,926 · end of year $841,765
-
28 · Net assets with donor restrictions
beginning of year $572,861 · end of year $556,747
Mission and programs · 2022
Mission
THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE LENAWEE INTERMEDIATE SCHOOL DISTRICT AND ITS EDUCATIONAL SYSTEM.
-
THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE LENAWEE INTERMEDIATE SCHOOL DISTRICT AND ITS EDUCATIONAL SYSTEM. IN THE 2022-2023 FISCAL YEAR, THERE WERE 228 SCHOLARSHIPS AND GRANTS AWARDED.
Expenses $288,528 · Grants $288,528
As filed on the 2022 return.
Listed in Part VII
-
Karol BoltonKAROL BOLTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Marcy BrownMARCY BROWN
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
Pam Van DorenPAM VAN DOREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Garry CliftGARRY CLIFT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Doug GrayDOUG GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ronald GriffithRONALD GRIFFITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kelli Groeb-PetersKELLI GROEB-PETERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David HickmanDAVID HICKMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ann Hinsdale-KniselANN HINSDALE-KNISEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bronna KahleBRONNA KAHLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Martha Poppink MelcherMARTHA POPPINK MELCHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim McClellanJIM MCCLELLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathryn M MohrKATHRYN M MOHR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jan ParsonJAN PARSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick FarverPATRICK FARVER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Rod PenderROD PENDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Theresa PowersTHERESA POWERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sheila Schwartz RivaitSHEILA SCHWARTZ RIVAIT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Stanley CaineSTANLEY CAINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David ThomasDAVID THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe WilliamsJOE WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John J WankeJOHN J WANKE
EXECUTIVE DI
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322899349301322
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