Fenton Area Public Schools Education Foundation
- Assets
- $634.6k
- Revenue
- $65.0k
- Investments
- $95.8k
- Employees
- 0
- Location
- Fenton, MI
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-2743747
Organization Overview
Fenton Area Public Schools Education Foundation is located in Fenton, MI. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenton Area Public Schools Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Fenton Area Public Schools Education Foundation generated $65.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $31.0k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 7 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
THE FENTON EDUCATION FOUNDATION EXISTS FOR THE PURPOSE OF SUPPORTING AND ENHANCING THE ACADEMIC, ART, AND ATHLETIC PROGRAMS FOR ALL FENTON AREA PUBLIC SCHOOL CHILDREN. THE FOUNDATION FURTHER ADVANCES THE EDUCATIONAL MISSION OF THE FENTON PUBLIC SCHOOL DISTRICT BY OBTAINING CONTRIBUTIONS THROUGH PHILANTHROPIC AND VOLUNTEER SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIMING HIGHER - ACADEMICS - SINCE ITS INCEPTION IN 2004, THE FENTON EDUCATION FOUNDATION HAS MADE A STRONG COMMITMENT TO PROVIDING ITS STUDENTS WITH AN OUTSTANDING EDUCATIONAL EXPERIENCE. FENTON SCHOOLS HAVE CONSISTENTLY RAISED THE BAR AN EXPANDED THEIR PROGRAMS TO GIVE CHILDREN IN THIS COMMUNITY THE TOOLS NECESSARY TO COMPETE IN A GLOBAL ECONOMY.
A PATHWAY TO LEADERSHIP - ATHLETICS - SPORTS PROVIDE CHILDREN AN YOUTH WITH MANY OPPORTUNITIES TO GROW PHYSICALLY, SOCIALLY, AN EMOTIONALLY. STUDIES SHOW THAT CHILDREN WHO PARTICIPATE IN ORGANIZED SPORTS ARE MORE LIKELY TO BE ACTIVE, HARDWORKING STUDENTS, AND BETTER FUTURE WORKERS. KIDS WHO PLAY SPORTS ALSO LEARN HOW TO ACHIEVE BALANCE BETWEEN THEIR SCHOOLWORK AND ATHLETICS, WHICH FOSTERS A STRONG WORK ETHIC BOTH ON AND OFF THE COURT. THE FOUNATION'S GOAL IS TO BUILD THE ATHLETIC ENDOWMENT TO PERMANENTLY REMOVE PAY TO PLAY AND GIVE AS MANY CHILDREN AS POSSIBLE THE CHANCE TO PARTICIPATE IN AND ENJOY ATHLETICS.
THE FOUNDATION OF CULTURE - ARTS - THE ARTS ENGAGE STUDENTS AND ARE ESSENTIAL TO AN UNDERSTANDING OF PERSONAL INDENTITY, COMMUNITY CONTEXTS, AND GLOBAL CULTURES. THROUGH ARTS EDUCATION, STUDENTS DEVELOP COMMITMENT AND PERSISTENCE. THEY ALSO ACQUIRE THE SKILLS AND EXERCISE THE CREATIVITY NECESSARY FOR SUCCESS IN TODAY'S WORLD. OUR GOAL IS TO BUILD A SUSTAINABLE ARTS ENDOWMENT, GIVING AS MANY CHILDREN AS POSSIBLE THE OPPORTUNITY TO BENEFIT AND TAKE PLEASURE IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmine Avantini Director | Trustee | $0 | |
Mike Bakker Director | Trustee | $0 | |
Gordon Barnes Director | Trustee | $0 | |
Pam Bunka Director | Trustee | $0 | |
Heidie Ciesielski Superintende | Trustee | $0 | |
Julie Forbush Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,439 |
| Total Program Service Revenue | $0 |
| Investment income | $4,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,335 |
| Net Income from Fundraising Events | $52,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,916 |
| Total functional expenses | $31,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,769 |
| Savings and temporary cash investments | $211 |
| 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 | $239,795 |
| Investments—other securities | $95,792 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $634,567 |
| 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 | $146,379 |
| Total liabilities | $146,379 |
| Net assets without donor restrictions | $392,396 |
| Net assets with donor restrictions | $95,792 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $634,567 |