Shop Rat Foundation Inc
- Assets
- $72.3k
- Revenue
- $291.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Pleasant Lake, MI
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 38-3700259
Organization Overview
Shop Rat Foundation Inc is located in Pleasant Lake, MI. The organization was established in 2006. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2022, Shop Rat Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shop Rat Foundation Inc 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 12/2022, Shop Rat Foundation Inc generated $291.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $350.9k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE INTEREST IN MANUFACTURING AND PROFESSIONAL TRADES CAREERS AMONG OUR NATION'S YOUTH THROUGH DEVELOPMENT OF INNOVATIVE EDUCATIONAL TOOLS, CURRICULUM AND OUTREACH PROGRAMS IN PARTNERSHIP WITH SCHOOLS, COMMUNITY GROUPS, COMPANIES AND INDUSTRY ASSOCIATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KEYSTONE PROJECT OF THE SHOP RAT FOUNDATION IS THE SHOP RAT EDUCATION PROGRAM. THIS PROGRAM CURRENTLY ENCOMPASSES INTRODUCTORY THROUGH ADVANCED LEVEL CURRICULUM OFFERINGS, SERVING YOUTH ENROLLED IN GRADES 6-12. THE PROGRAM REACHES APPROXIMATELY 3,000 YOUTH ANNUALLY AND IS FACILITATED IN NUMEROUS COMMUNITIES WITHIN MICHIGAN. THE SHOP RAT EDUCATION PROGRAM IS COMPOSED OF EXTRA-CURRICULAR CLASSES AND SUMMER CAMPS, IN-SCHOOL OUTREACH PROGRAMMING AND ADDITIONAL EVENTS THAT SHOWCASE CAREERS FOCUSED ON CONSTRUCTION TRADES, ENGINEERING, PRECISION MACHINING AND WELDING, WHILE REINFORCING STUDENT UNDERSTANDING AND APPLICATION OF STEM SKILLS. A KEY ASPECT OF THE SHOP RAT EDUCATION PROGRAM CURRICULUM IS AN INNOVATIVE APPROACH TO CAREER EXPLORATION. THE SHOP RAT FOUNDATION FACILITATES CLASSES WITHIN LOCAL MANUFACTURING FACILITIES FOR YOUTH, AS WELL AS ACTIVELY PARTICIPATES IN COMMUNITY-WIDE EFFORTS SUCH AS MANUFACTURING DAY TOURS. THE SHOP RAT FOUNDATION CONTINUES TO GROW ITS FREE, CAREER EXPLORATION FOCUSED MOBILE APPLICATION CALLED ON THE JOB 360, ENABLING STUDENTS TO VIRTUALLY TOUR MANUFACTURING FACILITIES AND GAIN FIRST HAND KNOWLEDGE REGARDING CAREERS WITHIN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Burr Kofflin Executive Di | OfficerTrustee | 40 | $79,256 |
Kim Castle Director | Trustee | 1 | $0 |
Tim Exposito Director | Trustee | 1 | $0 |
Leland Falde Director | Trustee | 1 | $0 |
Amanda Hutchings Chair | OfficerTrustee | 1 | $0 |
Tom Jurasek Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,734 |
| Noncash contributions included in lines 1a–1f | $22,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,934 |
| Total Program Service Revenue | $29,705 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $79,256 |
| Compensation of current officers, directors, key employees. | $17,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $304 |
| Advertising and promotion | $3,019 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,712 |
| Insurance | $8,892 |
| All other expenses | $8,236 |
| Total functional expenses | $350,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,968 |
| 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 | $2,698 |
| Net Land, buildings, and equipment | $26,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,262 |
| Accounts payable and accrued expenses | $24,799 |
| 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 | $4,938 |
| Other liabilities | $0 |
| Total liabilities | $29,737 |
| Net assets without donor restrictions | $42,525 |
| 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 | $72,262 |