Kalkaska Area Education Foundation
- Assets
- $255.1k
- Revenue
- $63.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalkaska, MI
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 38-2895209
Organization Overview
Kalkaska Area Education Foundation is located in Kalkaska, MI. The organization was established in 1990. 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. Kalkaska Area Education 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 06/2022, Kalkaska Area Education Foundation generated $63.1k 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 (9.6%) each year. All expenses for the organization totaled $51.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Heitmeyer President | 1 | $0 | |
Michael Babcock Secretary | 1 | $0 | |
Jodie Disbrow Director | 1 | $0 | |
Andy Bratton Director | 1 | $0 | |
Chad Anderson Treasurer | 2.5 | $0 | |
Barb Hulwick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $24 |
| Dividends & Interest | $0 |
| Net Rental Income | $10,183 |
| 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 | $5,547 |
| Total Revenue | $63,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,489 |
| Depreciation | $8,312 |
| Occupancy | $4,669 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $22,980 |
| Contributions, gifts, grants paid | $28,810 |
| Total expenses and disbursements | $51,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,012 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $141,091 |
| Other assets | $0 |
| Total assets | $255,103 |
| 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, Kalkaska Area Education Foundation has awarded $28,810 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KALKASKA PUBLIC SCHOOLS PURPOSE: SPECIALIZED SCHOOL BUS | $20,000 |
KALKASKA PUBLIC SCHOOLS PURPOSE: VARIOUS SCHOOL PROGRAMS | $6,810 |
BLAINE BARKOVICH PURPOSE: SCHOLARSHIP | $1,000 |
TYLER GUGGEMOS PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Medical Educational And Development Foundation Coldwater, OH | $428,237 | $6,392,233 |
Sc Health Sciences Inc Livonia, MI | $92,182,712 | $5,946,054 |
Charles P Taft Memorial Fund Cincinnati, OH | $192,672,147 | $13,464,389 |
Indiana State University Foundation Inc Terre Haute, IN | $120,588,616 | $29,901,749 |
Science And Technology Campus Corporation Columbus, OH | $41,499,463 | $6,865,691 |