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Nonprofiteer
← MICHIGAN EDUCATION ASSOCIATION SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by MICHIGAN EDUCATION ASSOCIATION SCHOLARSHIP FUND.

Totals

Total revenue
$119,542
Total expenses
$65,791
Contributions and grants received
$45,078
Grants paid
$41,300
Program service revenue
$0
Investment income
$76,005
Other revenue
-$1,541
Total assets, end of year
$1,775,363
Total liabilities, end of year
$1,400
Net assets or fund balances, end of year
$1,773,963
Program services expenses (Part IX)
$41,300
Management and general expenses
$24,491
Fundraising expenses
$0
Program service expenses (Part III)
$41,300

Program services were 62.8% 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.

  • 1c · Fundraising events

    $31,505

  • 1f · All other contributions, gifts and grants

    $13,573

  • 3 · Investment income

    total $76,005 · excluded $76,005

  • 8a · Fundraising events: gross income

    $10,774

  • 8a · Fundraising events: contributions included on line 1c

    $31,505

  • 8b · Fundraising events: direct expenses

    $12,466

  • 8c · Net income from fundraising events

    total -$1,692 · excluded -$1,692

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $151 · related or exempt $151

  • 11e · Other revenue, total

    $151

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $41,300 · program services $41,300

  • 11c · Fees: accounting

    total $6,261 · management and general $6,261

  • 11f · Fees: investment management

    total $16,869 · management and general $16,869

  • 13 · Office expenses

    total $43 · management and general $43

  • 17 · Travel

    total $1,118 · management and general $1,118

  • 24a · Other expenses: OTHER EXPENSES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,423 · end of year $3,042

  • 2 · Savings and temporary cash investments

    beginning of year $50,269 · end of year $49,768

  • 4 · Accounts receivable

    beginning of year $1,257 · end of year $503

  • 11 · Investments: publicly traded securities

    beginning of year $1,605,569 · end of year $1,722,050

  • 17 · Accounts payable and accrued expenses

    end of year $1,400

  • 27 · Net assets without donor restrictions

    beginning of year $737,584 · end of year $804,644

  • 28 · Net assets with donor restrictions

    beginning of year $925,934 · end of year $969,319

Mission and programs · 2022

Mission

THE FUND WAS ESTABLISHED TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PUBLIC, POST K-12 EDUCATIONAL INSTITUTIONS IN MICHIGAN.

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PUBLIC, POST K-12 EDUCATIONAL INSTITUTIONS IN MI.

  • SCHOLARSHIPS WERE PROVIDED TO 39 STUDENTS.

    Expenses $41,300 · Grants $41,300

As filed on the 2022 return.

Listed in Part VII

  • Anthony Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Newell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Dean Parling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jenn Garland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Toni Scribner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Slagter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Greta Brock

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 July 2024
IRS schema version
2022v5.0
Source object
202401939349301950

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