Sheboygan Public Education Foundation Inc
- Assets
- $5.7m
- Revenue
- $315.3k
- Investments
- $645.9k
- Employees
- 2
- Location
- Sheboygan, WI
- Founding
- 12/2001
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Sheboygan Public Education Foundation Inc generated $315.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $364.3k during the year ending 06/2023. 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
2023
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 $83000 TO THE SCHOOLS IN GRANT REQUESTS THIS YEAR AND CURRENTLY ADMINISTERS 54 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 |
|---|---|---|---|
Kurt Kober Vice-President | OfficerTrustee | 1 | $0 |
Wayne Kolzow Treasurer | OfficerTrustee | 1 | $0 |
Jerry Jones President | OfficerTrustee | 1 | $0 |
Chris Conway Director | Trustee | 1 | $0 |
Brian Versey Director | Trustee | 1 | $0 |
Laurie Van Veghel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,347 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,241 |
| Noncash contributions included in lines 1a–1f | $13,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,588 |
| Total Program Service Revenue | $0 |
| Investment income | $139,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,868 |
| Net Income from Fundraising Events | -$2,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,016 |
| Grants and other assistance to domestic individuals. | $101,600 |
| 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 | $59,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,590 |
| 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 | $72,883 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,793 |
| Information technology | $7,260 |
| Royalties | $0 |
| Occupancy | $1,100 |
| 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 | $464 |
| Insurance | $1,813 |
| All other expenses | $1,182 |
| Total functional expenses | $364,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,524 |
| Pledges and grants receivable | $8,654 |
| Accounts receivable, net | $2,053 |
| 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 | $3,346 |
| Investments—publicly traded securities | $5,081,405 |
| Investments—other securities | $645,914 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,748,774 |
| Accounts payable and accrued expenses | $910,005 |
| 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 | $910,861 |
| Net assets without donor restrictions | $1,996,866 |
| Net assets with donor restrictions | $2,841,047 |
| 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 | $5,748,774 |