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← KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION

Form 990 for tax year 2023

Filed by KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION.

Totals

Total revenue
$239,764
Total expenses
$202,034
Contributions and grants received
$182,723
Grants paid
$21,165
Program service revenue
$0
Investment income
$57,041
Other revenue
$0
Total assets, end of year
$1,466,075
Total liabilities, end of year
$60,814
Net assets or fund balances, end of year
$1,405,261
Program services expenses (Part IX)
$186,982
Management and general expenses
$15,052
Fundraising expenses
$0
Program service expenses (Part III)
$186,982

Program services were 92.5% 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.

  • 1f · All other contributions, gifts and grants

    $182,723

  • 3 · Investment income

    total $57,041 · excluded $57,041

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,165 · program services $21,165

  • 11b · Fees: legal

    total $4,342 · management and general $4,342

  • 11c · Fees: accounting

    total $5,190 · management and general $5,190

  • 24a · Other expenses: GRANT MAKING

    total $117,029 · program services $117,029

  • 24b · Other expenses: SCHOLARSHIPS & AWARDS

    total $48,788 · program services $48,788

  • 24c · Other expenses: MISCELLANEOUS

    total $5,520 · management and general $5,520

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $24,498 · end of year $2,926

  • 11 · Investments: publicly traded securities

    beginning of year $1,297,816 · end of year $1,453,401

  • 15 · Other assets

    beginning of year $8,666 · end of year $9,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,075 · end of year $60,814

  • 27 · Net assets without donor restrictions

    beginning of year $521,185 · end of year $524,581

  • 28 · Net assets with donor restrictions

    beginning of year $746,720 · end of year $880,680

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO ACTIVELY SUPPORT THE MISSION AND GOALS OF KALAMAZOO RESA WITH A FOCUS ON KRESA'S CENTERS OF EXCELLENCE.

  • THE PURPOSE OF THE FOUNDATION IS TO SOLICIT, MANAGE, AND DISBURSE FUNDS FOR THE BENEFIT OF PROGRAMS FOR OR DIRECTLY RELATED TO THE KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY.

    Expenses $186,982 · Grants $21,165

As filed on the 2023 return.

Listed in Part VII

  • Rex Bell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Gary P Brown

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Nancy Gallihugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shirley Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Novotny

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry Wile

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Delores Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dedrick Martin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Scott Thomas

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jackie Martell

    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
12 December 2024
IRS schema version
2023v5.0
Source object
202413479349300606

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