Kalkaska Area Education Foundation
- Assets
- $252.5k
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalkaska, MI
- Founding
- 06/1990
- Data as of
- 06/2023
- 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 06/2023, Kalkaska Area Education Foundation generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $34.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kalkaska Area Education Foundation has awarded 18 individual grants totaling $212,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Heitmeyer President | 1 | $0 | |
Michael Babcock Secretary | 1 | $0 | |
Chad Anderson Treasurer | 2.5 | $0 | |
Jodie Disbrow Director | 1 | $0 | |
Andy Bratton Director | 1 | $0 | |
Barb Hulwick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $30 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,575 |
| 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 | $4,247 |
| Total Revenue | $32,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,693 |
| Depreciation | $8,341 |
| Occupancy | $4,049 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,633 |
| Contributions, gifts, grants paid | $12,023 |
| Total expenses and disbursements | $34,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,784 |
| 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 | $135,690 |
| Other assets | $0 |
| Total assets | $252,474 |
| 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 $12,023 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KIMBERLY ALLEN PURPOSE: SCHOLARSHIP | $1,000 |
ALYSSA STOOPS PURPOSE: SCHOLARSHIP | $1,000 |
LACEY KITTER PURPOSE: SCHOLARSHIP | $1,000 |
MIA BRAUTIGAM PURPOSE: SCHOLARSHIP | $1,000 |
KALKASKA PUBLIC SCHOOLS PURPOSE: VARIOUS SCHOOL PROGRAMS | $5,023 |
COY LITTLE PURPOSE: SCHOLARSHIP | $1,000 |