Chelsea Education Foundation
- Assets
- $935.5k
- Revenue
- $183.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MI
- Founding
- 11/1990
- Data as of
- 08/2021
- EIN
- 38-2953926
Organization Overview
Chelsea Education Foundation is located in Chelsea, MI. The organization was established in 1990. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea 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 08/2021, Chelsea Education Foundation generated $183.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $95.2k during the year ending 08/2021. While expenses have increased by 4.6% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING EDUCATIONAL OPPORTUNITIES TO COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS WERE AWARDED TO PROMOTE STUDENTS LEARNING OPPORTUNITIES AND ENCOURAGE STAFF EXCELLENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Fox President | Officer | 1 | $0 |
Sharon Hillis Treasurer | Officer | 1 | $0 |
Sharee Burkel Member | Trustee | 1 | $0 |
Beka Alter Member | Trustee | 1 | $0 |
Angila Chapman Member | Trustee | 1 | $0 |
Lori Coryell Member | Trustee | 1 | $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 | $38,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,604 |
| Total Program Service Revenue | $0 |
| Investment income | $132,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,414 |
| Grants and other assistance to domestic individuals. | $43,750 |
| 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 | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $397 |
| Total functional expenses | $95,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,637 |
| 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 | $837,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,756 |
| Total assets | $935,520 |
| 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 | $900,882 |
| Net assets with donor restrictions | $34,638 |
| 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 | $935,520 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Chelsea Education Foundation has recieved totaling $8,909.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: PURCHASE OF DONOR DEVELOPMENT SOFTWARE AND TO ESTABLISH AN ALUMNI DATABASE | $6,600 |
Chelsea Health And Wellness Foundation Chelsea, MI PURPOSE: LINK CREW AND WEB SUPPORT | $1,800 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Beg. Balance | $55,817 |
| Earnings | $12,443 |
| Admin Expense | $273 |
| Grants | $1,231 |
| Ending Balance | $66,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
North Oakland Residential Services Inc Oxford, MI | $2,525,841 | $6,535,346 |
Greater Cleveland Sports Commission Cleveland, OH | $9,405,346 | $6,945,850 |
American Society For Clinical Investigation Inc Ann Arbor, MI | $15,941,863 | $6,053,976 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Bethesda Properties Inc Cincinnati, OH | $37,736,609 | $6,114,363 |
Ican Inc Canton, OH | $8,692,652 | $4,416,235 |
Reese-Shackelford Foundation Columbus, OH | $10,905,082 | $7,902,773 |