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Nonprofiteer
← LENAWEE COUNTY EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by LENAWEE COUNTY EDUCATIONAL FOUNDATION.

Totals

Total revenue
$326,564
Total expenses
$401,288
Contributions and grants received
$217,628
Grants paid
$396,944
Program service revenue
$0
Investment income
$68,534
Other revenue
$40,402
Total assets, end of year
$1,342,865
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,342,865
Program services expenses (Part IX)
$396,944
Management and general expenses
$4,344
Fundraising expenses
$0
Program service expenses (Part III)
$396,944

Program services were 98.9% 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

    $217,628

  • 3 · Investment income

    total $63,356 · related or exempt $59,149 · excluded $4,207

  • 7a · Gross sales of assets other than inventory

    securities $15,178

  • 7b · Less cost or other basis and sales expenses

    securities $10,000

  • 7c · Gain or loss

    securities $5,178

  • 7d · Net gain or loss

    total $5,178 · related or exempt $5,178

  • 8a · Fundraising events: gross income

    $49,080

  • 8b · Fundraising events: direct expenses

    $8,678

  • 8c · Net income from fundraising events

    total $40,402

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $396,944 · program services $396,944

  • 24a · Other expenses: INVESTMENT FEES

    total $4,247 · management and general $4,247

  • 24b · Other expenses: MISCELLANEOUS

    total $97 · management and general $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,288 · end of year $131,244

  • 2 · Savings and temporary cash investments

    beginning of year $946,614 · end of year $1,027,621

  • 11 · Investments: publicly traded securities

    beginning of year $18,700

  • 15 · Other assets

    beginning of year $181,910 · end of year $184,000

  • 27 · Net assets without donor restrictions

    beginning of year $841,765 · end of year $853,421

  • 28 · Net assets with donor restrictions

    beginning of year $556,747 · end of year $489,444

Mission and programs · 2023

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 2023-2024 FISCAL YEAR, THERE WERE 265 SCHOLARSHIPS AND GRANTS AWARDED.

    Expenses $396,944 · Grants $396,944

As filed on the 2023 return.

Listed in Part VII

  • Karol Bolton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marcy Brown

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    0.5

  • Pam Van Doren

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Garry Clift

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Doug Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kelli Groeb-Peters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Hickman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jim McClellan Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bronna Kahle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Poppink Melcher

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kathryn M Mohr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Parson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Farver

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Rod Pender

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Theresa Powers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stanley Caine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John 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
2023
Filed
4 October 2024
IRS schema version
2023v5.0
Source object
202412969349301686

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