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← KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION

Form 990 for tax year 2022

Filed by KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION.

Totals

Total revenue
$474,316
Total expenses
$470,112
Contributions and grants received
$440,713
Grants paid
$14,690
Program service revenue
$0
Investment income
$33,603
Other revenue
$0
Total assets, end of year
$1,330,980
Total liabilities, end of year
$63,075
Net assets or fund balances, end of year
$1,267,905
Program services expenses (Part IX)
$426,802
Management and general expenses
$43,310
Fundraising expenses
$0
Program service expenses (Part III)
$426,802

Program services were 90.8% 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.

  • 1f · All other contributions, gifts and grants

    $440,713

  • 3 · Investment income

    total $33,603 · excluded $33,603

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $14,690 · program services $14,690

  • 11c · Fees: accounting

    total $4,500 · management and general $4,500

  • 11g · Fees: other

    total $36,694 · management and general $36,694

  • 24a · Other expenses: GRANT MAKING

    total $364,325 · program services $364,325

  • 24b · Other expenses: SCHOLARSHIPS & AWARDS

    total $47,787 · program services $47,787

  • 24c · Other expenses: MISCELLANEOUS

    total $2,116 · management and general $2,116

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $62,501 · end of year $24,498

  • 11 · Investments: publicly traded securities

    beginning of year $1,186,909 · end of year $1,297,816

  • 15 · Other assets

    beginning of year $10,004 · end of year $8,666

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,930 · end of year $63,075

  • 27 · Net assets without donor restrictions

    beginning of year $489,837 · end of year $521,185

  • 28 · Net assets with donor restrictions

    beginning of year $695,647 · end of year $746,720

Mission and programs · 2022

Mission

THE KALAMAZOO RESA FOUNDATION ENHANCES EDUCATIONAL EXCELLENCE THROUGHOUT KALAMAZOO COUNTY

  • THE PURPOSE OF THE FOUNDATION IS FOR THE SOLICITATION, MANAGEMENT AND DISBURSEMENT OF FUNDS FOR THE BENEFIT OF PROGRAMS OF THE KALAMAZOO EDUCATIONAL REGIONAL SERVICE AGENCY, AND FOR THE SPECIAL CAPITAL OUTLAY EXPENDITURES IN CONNECTION WITH EDUCATIONAL AND WORK TRAINING PROGRAMS DESIGNED TO DEVELOP JOB SKILLS.

    Expenses $426,802 · Grants $14,690

As filed on the 2022 return.

Listed in Part VII

  • Rex Bell

    CHAIRMAN

    Total calculated
    $0

  • Gary P Brown

    VICE CHAIRMA

    Total calculated
    $0

  • Nancy Gallihugh

    TRUSTEE

    Total calculated
    $0

  • Shirley Johnson

    TRUSTEE

    Total calculated
    $0

  • Dr Delores Myers

    TRUSTEE

    Total calculated
    $0

  • Jason Novotny

    TRUSTEE

    Total calculated
    $0

  • Larry Wile

    TRUSTEE

    Total calculated
    $0

  • Tom Zahrt

    PRESIDENT

    Total calculated
    $0

  • Scott Thomas

    TREASURER

    Total calculated
    $0

  • Jackie Martell

    SECRETARY

    Total calculated
    $0

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
15 December 2023
IRS schema version
2022v5.0
Source object
202313489349300211

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