Sheboygan Public Education Foundation Inc
- Assets
- $6.4m
- Revenue
- $386.2k
- Investments
- $786.2k
- Employees
- 2
- Location
- Sheboygan, WI
- Founding
- 12/2001
- Data as of
- 06/2021
- EIN
- 39-2027804
Organization Overview
Sheboygan Public Education Foundation Inc is located in Sheboygan, WI. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Sheboygan Public Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheboygan Public Education 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 06/2021, Sheboygan Public Education Foundation Inc generated $386.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $232.9k during the year ending 06/2021. While expenses have increased by 6.0% 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
TO ENHANCE STUDENTS' EDUCATIONAL OPPORTUNITIES BY SUPPORTING HIGH QUALITY FACILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GAVE BACK OVER $18,000 TO THE SCHOOLS IN GRANT REQUESTS THIS YEAR AND CURRENTLY ADMINISTERS 46 SCHOLARSHIP FUNDS WHICH BENEFIT THE STUDENTS OF THE SASD. SPEF CONTINUES TO SUPPORT A MID YEAR SCHOOL SUPPLY DONATION FOR ALL SCHOOLS AS WELL AS ANY HUMANITARIAN NEEDS WHICH COME UP DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Pauls Co-Executive Director | Officer | 25 | $26,781 |
Terry Shircel Co-Executive Director | Officer | 25 | $25,052 |
Jerry Jones President | OfficerTrustee | 1 | $0 |
Wayne Kolzow Treasurer | OfficerTrustee | 1 | $0 |
Kurt Kober Vice-President | OfficerTrustee | 1 | $0 |
Brian Versey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,237 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,773 |
| Total Program Service Revenue | $0 |
| Investment income | $79,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149 |
| Net Income from Fundraising Events | $7,131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,589 |
| Grants and other assistance to domestic individuals. | $63,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,540 |
| Compensation of current officers, directors, key employees. | $36,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,509 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,009 |
| Information technology | $1,945 |
| 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 | $1,094 |
| Insurance | $1,772 |
| All other expenses | $0 |
| Total functional expenses | $232,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,996 |
| Pledges and grants receivable | $1,730 |
| Accounts receivable, net | $1,080 |
| 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 | $1,878 |
| Net Land, buildings, and equipment | $2,315 |
| Investments—publicly traded securities | $5,615,624 |
| Investments—other securities | $786,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,419,868 |
| Accounts payable and accrued expenses | $897,373 |
| Grants payable | $856 |
| 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 | $898,229 |
| Net assets without donor restrictions | $2,296,198 |
| Net assets with donor restrictions | $3,225,441 |
| 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 | $6,419,868 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sheboygan Public Education Foundation Inc has recieved totaling $125,559.
| Awarding Organization | Amount |
|---|---|
Catherine B Stayer Family Foundation Inc Sheboygan, WI PURPOSE: OPERATING SUPPORT | $60,000 |
Lakeshore Community Foundation Inc Manitowoc, WI PURPOSE: SCHOLARSHIPS | $55,000 |
Hayssen Family Foundation Inc Elkhart Lake, WI PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Hugh And Ruth V Ross Charitable Fund Inc Sheboygan, WI PURPOSE: OPERATIONAL | $4,500 |
Zieve Foundation Sheboygan, WI PURPOSE: GENERAL OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $747,871 |
| Earnings | $183,319 |
| Admin Expense | $21,000 |
| Net Contributions | $1,000 |
| Ending Balance | $911,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |