Sc Health Sciences 2 Inc
- Assets
- $15.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Livonia, MI
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 36-4928199
Organization Overview
Sc Health Sciences 2 Inc is located in Livonia, MI. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. SC Health Sciences 2 Inc 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 06/2022, SC Health Sciences 2 Inc generated $1.4m in total revenue. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 40.1% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCHOOLCRAFT COLLEGE, ITS STUDENTS, AND EDUCATIONAL COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SUPPORTING ORGANIZATION FOR SCHOOLCRAFT COLLEGE, LOCATED IN LIVONIA, MICHIGAN, FOCUSING ON PROVIDING ANCILLARY SUPPORT SERVICES TO TENANTS OF SCHOOLCRAFT COLLEGE, A HIGHER LEARNING INSTITUTION THAT CONTROLS THE CORPORATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Erwin Director & Vice President | OfficerTrustee | 0.25 | $0 |
Jon Lamb Director & Treasurer | OfficerTrustee | 3 | $0 |
Glenn Cerny Director & President | OfficerTrustee | 2 | $0 |
Brett Gierak Director & Secretary | OfficerTrustee | 0.25 | $0 |
Alec Thomson Director | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,399,659 |
| 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 | $1,399,659 |
| 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 | $11,612 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,300 |
| 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 | $811,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $405,284 |
| Insurance | $0 |
| All other expenses | $17 |
| Total functional expenses | $1,240,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,929,073 |
| 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 | $7,413,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,480,419 |
| Accounts payable and accrued expenses | $469,199 |
| Grants payable | $0 |
| Deferred revenue | $7,413,311 |
| 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 | $8,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,882,510 |
| Net assets without donor restrictions | -$402,091 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,480,419 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sc Health Sciences 2 Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Sc Development Unit 14 Inc Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $20,000 |
Sc Development Unit 14 Inc Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |