Troy Foundation For Educational Excellence
- Assets
- $853.3k
- Revenue
- $95.7k
- Investments
- $801.1k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 06/1989
- Data as of
- 06/2023
- EIN
- 38-2868205
Organization Overview
Troy Foundation For Educational Excellence is located in Troy, MI. The organization was established in 1989. 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. Troy Foundation For Educational Excellence 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, Troy Foundation For Educational Excellence generated $95.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $120.1k during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Mcclure Trustee | 1 | $0 | |
Joe Mcclure Trustee | 1 | $0 | |
Gayle Moran Trustee | 1 | $0 | |
Allan Palma Trustee | 1 | $0 | |
Robert Preston Trustee | 1 | $0 | |
Lori Sisk Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,691 |
| Interest on Savings | $39 |
| Dividends & Interest | $21,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,995 |
| Total Revenue | $95,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $38,077 |
| Pension plans, employee benefits | $2,913 |
| Interest | $0 |
| Taxes | $698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,059 |
| Total operating and administrative expenses | $81,238 |
| Contributions, gifts, grants paid | $38,883 |
| Total expenses and disbursements | $120,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,198 |
| Savings and temporary cash investments | $15,969 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $801,149 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $853,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Troy Foundation For Educational Excellence has awarded $38,883 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TROY SCHOOL DICTRICT PURPOSE: CLASSROOM ENRIC | $36,383 |
TROY SCHOOL DISTRICT PURPOSE: PRESCHOOL MATH | $2,000 |
TROY SCHOOL DISTRICT PURPOSE: MLK DAY | $500 |