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Nonprofiteer
← SHOP RAT FOUNDATION INC

Form 990 for tax year 2023

Filed by SHOP RAT FOUNDATION INC.

Totals

Total revenue
$298,701
Total expenses
$320,074
Contributions and grants received
$255,223
Grants paid
$0
Program service revenue
$39,305
Investment income
$0
Other revenue
$4,173
Total assets, end of year
$90,317
Total liabilities, end of year
$50,409
Net assets or fund balances, end of year
$39,908
Program services expenses (Part IX)
$251,205
Management and general expenses
$39,219
Fundraising expenses
$29,650
Program service expenses (Part III)
$251,205

Program services were 78.5% 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

    $2,450

  • 1f · All other contributions, gifts and grants

    $252,773

  • 2a · Program service revenue: CURRIC/KITS/MERCHANDISE SALES

    total $17,350 · related or exempt $17,350

  • 2b · Program service revenue: STUDENT PROGRAMS

    total $16,737 · related or exempt $16,737

  • 2c · Program service revenue: INSTRUCTOR SERVICES

    total $5,218 · related or exempt $5,218

  • 8a · Fundraising events: gross income

    $6,488

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

    $2,450

  • 8b · Fundraising events: direct expenses

    $2,392

  • 8c · Net income from fundraising events

    total $4,096 · excluded $4,096

  • 11a · Other revenue

    total $77 · related or exempt $77

  • 11e · Other revenue, total

    $77

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,255 · program services $29,702 · management and general $16,336 · fundraising $28,217

  • 7 · Other salaries and wages

    total $140,947 · program services $140,947

  • 10 · Payroll taxes

    total $17,904 · program services $16,303 · management and general $1,601

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11g · Fees: other

    total $256 · program services $256

  • 12 · Advertising and promotion

    total $3,764 · program services $3,764

  • 16 · Occupancy

    total $25,734 · program services $18,325 · management and general $7,409

  • 20 · Interest

    total $2,339 · management and general $2,339

  • 22 · Depreciation, depletion and amortization

    total $11,701 · program services $11,701

  • 23 · Insurance

    total $12,894 · program services $8,695 · management and general $4,199

  • 24a · Other expenses: KEYSTONE SUPPLIES

    total $11,802 · program services $11,802

  • 24b · Other expenses: UTILITIES

    total $5,170 · program services $5,170

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $4,550 · management and general $4,550

  • 24d · Other expenses: TRAVEL

    total $1,552 · program services $1,552

  • 24e · All other expenses

    total $5,706 · program services $2,988 · management and general $1,285 · fundraising $1,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,968 · end of year $47,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,698 · end of year $8,362

  • 10a · Land, buildings and equipment: cost or other basis

    $84,801

  • 10b · Land, buildings and equipment: accumulated depreciation

    $50,625

  • 10c · Land, buildings and equipment, net

    beginning of year $26,596 · end of year $34,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,799 · end of year $41,284

  • 24 · Unsecured notes and loans payable

    beginning of year $4,938 · end of year $9,125

  • 27 · Net assets without donor restrictions

    beginning of year $42,525 · end of year $39,908

Mission and programs · 2023

Mission

TO IGNITE INTEREST IN MANUFACTURING AND PROFESSIONAL TRADES CAREERS AMONG OUR NATION'S YOUTH THROUGH DEVELOPMENT OF INNOVATIVE EDUCATIONAL TOOLS, CURRICULUM AND OUTREACH PROGRAMS IN PARTNERSHIP WITH SCHOOLS, COMMUNITY GROUPS, COMPANIES AND INDUSTRY ASSOCIATIONS.

  • THE KEYSTONE PROJECT OF THE SHOP RAT FOUNDATION IS THE SHOP RAT EDUCATION PROGRAM. THIS PROGRAM CURRENTLY ENCOMPASSES INTRODUCTORY THROUGH ADVANCED LEVEL CURRICULUM OFFERINGS, SERVING YOUTH ENROLLED IN GRADES 6-12. THE PROGRAM REACHES APPROXIMATELY 3,000 YOUTH ANNUALLY AND IS FACILITATED IN NUMEROUS COMMUNITIES WITHIN MICHIGAN. THE SHOP RAT EDUCATION PROGRAM IS COMPOSED OF EXTRA-CURRICULAR CLASSES AND SUMMER CAMPS, IN-SCHOOL OUTREACH PROGRAMMING AND ADDITIONAL EVENTS THAT SHOWCASE CAREERS FOCUSED ON CONSTRUCTION TRADES, ENGINEERING, PRECISION MACHINING AND WELDING, WHILE REINFORCING STUDENT UNDERSTANDING AND APPLICATION OF STEM SKILLS. A KEY ASPECT OF THE SHOP RAT EDUCATION PROGRAM CURRICULUM IS AN INNOVATIVE APPROACH TO CAREER EXPLORATION. THE SHOP RAT FOUNDATION FACILITATES CLASSES WITHIN LOCAL MANUFACTURING FACILITIES FOR YOUTH, AS WELL AS ACTIVELY PARTICIPATES IN COMMUNITY-WIDE EFFORTS SUCH AS MANUFACTURING DAY TOURS. THE SHOP RAT FOUNDATION CONTINUES TO GROW ITS FREE, CAREER EXPLORATION FOCUSED MOBILE APPLICATION CALLED ON THE JOB 360, ENABLING STUDENTS TO VIRTUALLY TOUR MANUFACTURING FACILITIES AND GAIN FIRST HAND KNOWLEDGE REGARDING CAREERS WITHIN THE FIELD.

    Expenses $251,205 · Revenue $39,305

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KELLY BURR KOFFLIN

    EXECUTIVE DI

    Total calculated
    $74,256
    From this org
    $74,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KIM CASTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM EXPOSITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LELAND FALDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMANDA HUTCHINGS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM JURASEK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRANDON MARKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX MASTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COLTON STEPKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA WALKER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
11 November 2024
IRS schema version
2023v5.0
Source object
202403189349304610

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