Adrian School Educational Foundation
- Assets
- $3.1m
- Revenue
- $424.5k
- Investments
- $2.9m
- Employees
- 2
- Location
- Adrian, MI
- Founding
- 12/1987
- Data as of
- 06/2023
- EIN
- 38-2760130
Organization Overview
Adrian School Educational Foundation is located in Adrian, MI. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Adrian School Educational Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adrian School Educational 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 06/2023, Adrian School Educational Foundation generated $424.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $226.9k during the year ending 06/2023. 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
SUPPORTING THE EDUCATIONAL EXCELLENCE OF ADRIAN PUBLIC SCHOOLS BY PROVIDING CLASSROOM & PROJECT GRANTS FOR ADRIAN PUBLIC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM GRANTS AND SUPPORT OF SCHOOL PROGRAMS AND INITIATIVES
CLASSROOM GRANTS AND SUPPORT OF SCHOOL PROGRAMS AND INITIATIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Van Buren Chair | OfficerTrustee | 2 | $0 |
Mike Buku Vice Chair | OfficerTrustee | 2 | $0 |
Ben Neal Treasurer | OfficerTrustee | 2 | $0 |
Ashley Gonzalez Pfund Secretary | OfficerTrustee | 1 | $0 |
Marne Davies Board Member | Trustee | 0.5 | $0 |
Michelle Force Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $569 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,410 |
| Total Program Service Revenue | $0 |
| Investment income | $63,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,189 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,478 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,721 |
| 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 | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $365 |
| Payroll taxes | $4,658 |
| Fees for services: Management | $7,308 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,682 |
| 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 | $163 |
| Total functional expenses | $226,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,517 |
| Savings and temporary cash investments | $141,249 |
| 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 | $2,168 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,897,144 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,056,078 |
| Accounts payable and accrued expenses | $107,033 |
| 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 | $107,033 |
| Net assets without donor restrictions | $664,450 |
| Net assets with donor restrictions | $2,284,595 |
| 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 | $3,056,078 |