Glep Education Fund
- Assets
- $129.2k
- Revenue
- $503.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lansing, MI
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 20-0312462
Organization Overview
Glep Education Fund is located in Lansing, MI. The organization was established in 2004. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, Glep Education Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glep Education Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Glep Education Fund generated $503.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $476.5k during the year ending 12/2023. While expenses have increased by 33.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE PUBLIC ON EDUCATION REFORM, PROMOTE SCHOOL CHOICE FOR PARENTS, AND SUPPORT LEGISLATIVE CHANGE TO SCHOOL CHOICE AND EDUCATION REFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE THE PUBLIC ON EDUCATION REFORM, PROMOTE SCHOOL CHOICE FOR PARENTS, AND SUPPORT LEGISLATIVE CHANGE TO SCHOOL CHOICE AND EDUCATION REFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Doster Treasurer | Officer | 1 | $16,790 |
Jase Bolger Secretary/ Director | OfficerTrustee | 1 | $0 |
James Barrett President/director | OfficerTrustee | 1 | $0 |
Nate Bailey Vice President/director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $53,625 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,191 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,790 |
| Compensation of current officers, directors, key employees. | $16,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,500 |
| Payroll taxes | $10,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,395 |
| Fees for services: Accounting | $3,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,833 |
| Advertising and promotion | $0 |
| Office expenses | $4,211 |
| Information technology | $2,097 |
| Royalties | $0 |
| Occupancy | $9,977 |
| Travel | $387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,509 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $51,728 |
| Total functional expenses | $476,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $129,248 |
| Total liabilities and net assets/fund balances | $129,248 |
Grants Awarded
Over the last fiscal year, Glep Education Fund has awarded $225,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MI GUARDIANS FOR DEMOCRACY PURPOSE: General support of the organization | $200,000 |
LET MI KIDS LEARN PURPOSE: General support of the organization. | $25,000 |