Michigan Shores Club Foundation
- Assets
- $420.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 27-0726370
Organization Overview
Michigan Shores Club Foundation is located in Wilmette, IL. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Michigan Shores Club 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 12/2022, Michigan Shores Club Foundation generated $59.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $67.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS AS WELL AS VOCATIONAL SCHOOLS, LANGUAGE SCHOOLS, AND CITIZEN TRAINING SCHOOLS FOR THE PURPOSE OF FURTHERING THE EDUCATION OF QUALIFIED RECIPIENTS. QUALIFIED RECIPIENTS INCLDUE EMPLOYEES OF MICHIGAN SHORES CLUB AND THEIR SPOUSES AND CHILDREN. 14 STUDENTS RECEIVED SCHOLARSHIPS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence H Lucey President | 1 | $0 | |
Maureen J Ivory Secretary | 1 | $0 | |
Alan R Dolinko Treasurer, Vice President | 1 | $0 | |
Merrilee C Redmond Chairman, Vice President | 1 | $0 | |
Denise M Kenny Director | 1 | $0 | |
Harry J Geanuleas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,391 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,385 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,776 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,007 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $723 |
| Total expenses | $67,158 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $420,053 |
| Other assets | $0 |
| Total assets | $420,053 |
| Total liabilities | $0 |
| Net assets or fund balances | $420,053 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan Shores Club Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Warwick Foundation Northfield, IL PURPOSE: GENERAL FUNDS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |