Rochester Community Schools Foundation
- Assets
- $2.1m
- Revenue
- $317.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MI
- Founding
- 07/1996
- Data as of
- 06/2022
- EIN
- 38-3269615
Organization Overview
Rochester Community Schools Foundation is located in Rochester, MI. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Rochester Community Schools 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, Rochester Community Schools Foundation generated $317.2k 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 (10.4%) each year. All expenses for the organization totaled $213.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.7%) 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 SUPPORT AND ADVANCE LEARNING FOR ALL STUDENTS BY OBTAINING CONTRIBUTIONS FOR ACADEMICS, ARTS, AND ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCHESTER COMMUNITY SCHOOLS - DIRECT EXPENDITURES ASSOCIATED WITH THE EDUCATIONAL PROGRAMS RELATED TO THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Berwick Board Member, Secretary | OfficerTrustee | 0.5 | $0 |
Dr Robert Shaner Board Member, Treasurer | OfficerTrustee | 0.5 | $0 |
Joann Beydoun Board Member, Director | OfficerTrustee | 30 | $0 |
Glenn Gouldey Board Member, Vice Chair | OfficerTrustee | 0.5 | $0 |
Kristin Bull Board Member | OfficerTrustee | 0.5 | $0 |
Robert M Justin Board Member, Chair | OfficerTrustee | 0.5 | $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 | $221,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,516 |
| Total Program Service Revenue | $0 |
| Investment income | $74,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,860 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,659 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,877 |
| 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 | $0 |
| Total functional expenses | $213,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,938 |
| Savings and temporary cash investments | $26,444 |
| 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 | $736 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,737,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,097,398 |
| Accounts payable and accrued expenses | $74,868 |
| Grants payable | $0 |
| Deferred revenue | $36,150 |
| 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 | $111,018 |
| Net assets without donor restrictions | $0 |
| 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 | $1,986,380 |
| Total liabilities and net assets/fund balances | $2,097,398 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rochester Community Schools Foundation has recieved totaling $1,265.
| Awarding Organization | Amount |
|---|---|
Bryan Christian Services Inc Lake Orion, MI PURPOSE: OPERATIONS | $515 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: MATCHING GRANT | $500 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $1,500,765 |
| Earnings | -$149,951 |
| Admin Expense | $4,574 |
| Net Contributions | $30,000 |
| Grants | $28,813 |
| Ending Balance | $1,347,427 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |