Square One Education Network
- Assets
- $2.7m
- Revenue
- $382.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Waterford, MI
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 38-2964312
Organization Overview
Square One Education Network is located in Waterford, MI. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Square One Education Network employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Square One Education Network 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, Square One Education Network generated $382.6k 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 (5.2%) each year. All expenses for the organization totaled $442.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE THE CREATIVE POTENTIAL OF STUDENTS IN THE EXPLORATION OF ENGINEERING, SCIENCE AND MATHEMATICS BY PROVIDING FINANCIAL SUPPORT TO STUDENTS, FACULTY AND OTHER EDUCATIONAL INSTITUTIONS, ENABLING THEM TO PURSUE K-12 EDUCATIONAL PROGRAMS IN THE STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS) FIELDS IN THEIR BROAD SENSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER THE DEVELOPMENT OF TALENT FOR THE MOBILITY INDUSTRY BY OFFERING PROFESSIONAL DEVELOPMENT FOR TEACHERS, ENGINEERING CHALLENGES FOR STUDENTS AND GRANTS TO PREPARE K-12 STUDENTS WITH THE ESSENTIAL SKILSET FOR HIGHER LEARNING INSTITUTIONS AND THE RAPIDLY EVOLVING NEEDS OF STEM RELATED JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Land Executive Di | Officer | 40 | $88,580 |
Michael Bell Board Member | Trustee | $0 | |
Michelle Brower Treasurer | OfficerTrustee | $0 | |
Brendan Cahill Board Member | Trustee | $0 | |
Paul Drummond Secretary | OfficerTrustee | $0 | |
Dan Dubois Chairman | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,998 |
| Total Program Service Revenue | $139,274 |
| Investment income | $191,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $5,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,580 |
| Compensation of current officers, directors, key employees. | $26,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,716 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,181 |
| Fees for services: Other | $58,640 |
| Advertising and promotion | $0 |
| Office expenses | $1,802 |
| Information technology | $1,990 |
| Royalties | $0 |
| Occupancy | $6,457 |
| Travel | $11,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300 |
| Insurance | $6,534 |
| All other expenses | $5,766 |
| Total functional expenses | $442,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,566 |
| 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 | $131 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,922 |
| Investments—publicly traded securities | $2,587,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,671,805 |
| 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 | $2,671,805 |
| Net assets with donor restrictions | $0 |
| 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 | $2,671,805 |