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Nonprofiteer
← MICHIGAN EDUCATION EXCELLENCE FOUNDATION

Form 990 for tax year 2022

Filed by MICHIGAN EDUCATION EXCELLENCE FOUNDATION.

Totals

Total revenue
$100,025
Total expenses
$135,087
Contributions and grants received
$100,025
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$271,261
Total liabilities, end of year
$250,000
Net assets or fund balances, end of year
$21,261
Program services expenses (Part IX)
$6,710
Management and general expenses
$80,377
Fundraising expenses
$48,000
Program service expenses (Part III)
$6,710

Program services were 5.0% 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

    $100,025

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $72,000 · management and general $72,000

  • 11b · Fees: legal

    total $919 · program services $460 · management and general $459

  • 11c · Fees: accounting

    total $12,500 · program services $6,250 · management and general $6,250

  • 11e · Fees: professional fundraising services

    total $48,000 · fundraising $48,000

  • 23 · Insurance

    total $1,668 · management and general $1,668

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,323 · end of year $271,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,000 · end of year $230,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year -$248,677 · end of year -$283,739

  • 28 · Net assets with donor restrictions

    beginning of year $305,000 · end of year $305,000

Mission and programs · 2022

Mission

DEDICATED TO SUPPORTING INNOVATIVE, TRANSFORMATIVE LEARNING FOR ALL STUDENTS IN MICHIGAN, THE FOUNDATION COLLECTS, INVESTS, AND DISTRIBUTES FUNDS TO BOARD DESIGNATED INITIATIVES, LIKE THE DETROIT PROMISE, AS PART OF OUR MISSION TO IMPROVE AND REFORM EDUCATION IN MICHIGAN.

Activities or mission (Part I)

TO COLLECT, INVEST, AND DISTRIBUTE FUNDS TO IMPROVE AND REFORM EDUCATION IN MICHIGAN.

  • FUNDING TO THE DETROIT REGIONAL CHAMBER FOUNDATION FOR THE DETROIT PROMISE, WHICH GIVES SCHOLARSHIPS TO ANY GRADUATE IN DETROIT TO ATTEND A TWO-YEAR COMMUNITY COLLEGE OR A FOUR-YEAR UNIVERSITY IN THE STATE OF MICHIGAN. AS PART OF THE DETROIT PROMISE, MEEF ALSO FUNDS THE DETROIT PROMISE PATH, THE COACHING PROGRAM AT THE COMMUNITY COLLEGES.

    Expenses $6,710

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sandy Baruah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Donofrio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Faye Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monica Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashley Aidenbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Evan Weiner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Larry Simmons

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steven Hamp

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Peter Remington

    PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    10

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
18 September 2023
IRS schema version
2022v5.0
Source object
202343039349300824

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