Waterford Foundation For Public Education
- Assets
- $2.0m
- Revenue
- $210.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 38-2528009
Organization Overview
Waterford Foundation For Public Education is located in Waterford, MI. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterford Foundation For Public Education 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, Waterford Foundation For Public Education generated $210.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $201.2k during the year ending 06/2022. 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
THE ORGANIZATION RECEIVES FORMAL REQUESTS FOR GRANTS FROM VARIOUS SCHOOLS WITHIN THE LOCAL SCHOOL DISTRICT. THESE REQUESTS ARE REVIEWED BY THE GRANT COMMITTEE AND RECOMMENDATIONS MADE TO THE BOARD AS A WHOLE. THE BOARD DETERMINES WHETHER THE GRANTS ARE APPROVED AND MONIES ALLOCATED ACCORDINGLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ASSISTANCE GRANTS PAID TO THE WATERFORD SCHOOL DISTRICT ON BEHALF OF THE WATERFORD FOUNDATION FOR PUBLIC EDUCATION AND THE MARGIE ARSEN EARLY CHILDHOOD DEVELOPMENT FUND.
DITTRICH FUND SCHOLARSHIPS
EDWARD KUHN SCHOLARSHIP
OTHER GRANTS TO WATERFORD SCHOOLS FOR EDUCATIONAL ASSISTANCE. EVENTS HELD TO RECOGNIZE THE ACHIEVEMENTS ATTAINED BY INDIVIDUAL STUDENTS AND TEACHERS OF THE WATERFORD SCHOOL DISTRICT. MLS LEGACY PROGRAM PROVIDING WATERFORD SCHOOL DISTRICT WITH PROGRAM GRANTS ON A DISTRICT WIDE BASIS VERSUS TO INDIVIDUAL TEACHERS AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Coughlin President | OfficerTrustee | 0.5 | $0 |
Megan Dennis Secretary | OfficerTrustee | 0.25 | $0 |
Margie Gobler Treasurer | OfficerTrustee | 1 | $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 | $29,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,556 |
| Total Program Service Revenue | $10,260 |
| Investment income | $68,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,494 |
| Net Income from Fundraising Events | $38,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,799 |
| 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 | $9,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,567 |
| Office expenses | $7,664 |
| 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 | $2,051 |
| All other expenses | $13,138 |
| Total functional expenses | $201,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,363 |
| Savings and temporary cash investments | $25,079 |
| 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 | $2,855 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,958,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,028,395 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $181,572 |
| 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 | $2,604 |
| Total liabilities | $184,176 |
| Net assets without donor restrictions | $1,642,343 |
| Net assets with donor restrictions | $201,876 |
| 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 | $2,028,395 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Credential Evaluators Inc Milwaukee, WI | $3,693,811 | $8,910,670 |
Highscope Educational Research Foundation Ypsilanti, MI | $7,062,751 | $7,390,838 |
Wisconsin Masonic Foundation Dousman, WI | $27,556,121 | $5,183,094 |
Middle Cities Education Association Lansing, MI | $1,720,048 | $771,674 |
Kirkpatrick Jordan Foundation Inc Columbus, OH | $6,990,755 | $400,153 |
Waterford Foundation For Public Education Waterford, MI | $2,028,395 | $210,799 |
South Christian High School Foundation Byron Center, MI | $3,211,171 | $425,642 |
The Wisconsin Union Association Inc Madison, WI | $145,877 | $0 |
Association For Supervision And Curriculum Development Mason, MI | $5,828 | $0 |
North Central Ohio Education Association Lexington, OH | $125,245 | $0 |