The Educational Foundation Of Dexter
- Assets
- $322.9k
- Revenue
- $29.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dexter, MI
- Founding
- 07/1985
- Data as of
- 06/2021
- EIN
- 38-2596549
Organization Overview
The Educational Foundation Of Dexter is located in Dexter, MI. The organization was established in 1985. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Educational Foundation Of Dexter 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 06/2021, Educational Foundation Of Dexter generated $29.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $29.3k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF EDUCATION BY SUPPORTING EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENT OF FUNDS EXCLUSIVELY FOR THE BENEFIT OF THE DEXTER COMMUNITY SCHOOLS.
SCHOLARSHIPS WERE GIVEN OUT TO 4 STUDENTS THAT WERE GRADUATING FROM DEXTER COMMUNITY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cipolla Vice Preside | OfficerTrustee | $0 | |
Michelle Evans Secretary | OfficerTrustee | $0 | |
Angie Finch Treasurer | OfficerTrustee | $0 | |
Heidi Patel President | OfficerTrustee | $0 | |
Sheetal Kothari Trustee | Trustee | $0 | |
Cassandra Korinek School Liaso | 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 | $26,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,083 |
| Total Program Service Revenue | $0 |
| Investment income | $2,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,960 |
| 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 | $475 |
| 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 | $0 |
| Advertising and promotion | $2,713 |
| Office expenses | $527 |
| 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 | $824 |
| All other expenses | $0 |
| Total functional expenses | $29,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,862 |
| 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 | $322,862 |
| 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 | $322,862 |
| 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 | $322,862 |
Grants Awarded
Over the last fiscal year, The Educational Foundation Of Dexter has awarded $863,013 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANN ARBOR COMMUNITY FOUNDATION | | | $246,009 |
ANN ARBOR COMMUNITY FOUNDATION | | | $246,009 |
ANN ARBOR COMMUNITY FOUNDATION | | | $246,009 |
DEXTER COMMUNITY SCHOOLS | | | $41,662 |
DEXTER COMMUNITY SCHOOLS | | | $41,662 |
DEXTER COMMUNITY SCHOOLS | | | $41,662 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Educational Foundation Of Dexter has recieved totaling $5,361.
| Awarding Organization | Amount |
|---|---|
Jenkins Foundation Ann Arbor, MI PURPOSE: SUPPORT FOR ACTIVITIES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $361 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |
Christ Cares For Kids Foundation Traverse City, MI | $46,569,965 | $9,675,626 |
James J And Joan A Gardner Family Foundation Cincinnati, OH | $68,091,187 | $14,231,664 |