Farmington-Farmington Hills Education Foundation
- Assets
- $150.1k
- Revenue
- $143.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, MI
- Founding
- 02/2013
- Data as of
- 06/2024
- EIN
- 46-0707469
Organization Overview
Farmington-Farmington Hills Education Foundation is located in Farmington, MI. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Farmington-Farmington Hills Education 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 06/2024, Farmington-Farmington Hills Education Foundation generated $143.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $129.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FARMINGTON/FARMINGTON HILLS EDUCATION FOUNDATION WAS ESTABLISHED IN JULY 2012 TO PROMOTE AND SUPPORT INNOVATIVE EDUCATIONAL OPPORTUNITIES TO BENEFIT THE STUDENTS OF FARMINGTON PUBLIC SCHOOLS. WE ENGAGE IN FUNDRAISING, RELATIONSHIP BUILDING AND GRANTING MONEY TO EDUCATIONAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVED DESIGNATED DONATIONS TO BE USED TO FUND THE EXPENSES OF THE FARMINGTON UNITED ROBOTICS TEAM. THE ROBOTICS TEAM CONSISTS OF STUDENTS FROM FARMINGTON HIGH SCHOOL, NORTH FARMINGTON HIGH SCHOOL AND THE MIDDLE SCHOOLS. THE TEAM CONSISTS OF APPROXIMATELY 100 STUDENTS. THESE DONATIONS WERE GIVEN TO THE FOUNDATION BY A NUMBER OF COMMUNITY DONORS TO BE USED FOR THE ROBOTICS TEAM IN FARMINGTON. THE REMAINING FUNDS ARE ON ACCOUNT, WAITING TO BE SPENT BY THE GRANT RECIPIENTS.
WE COLLECT DONATIONS AND ADMINISTER DISTRIBUTIONS FOR VARIOUS MEMORIAL AND OTHER SCHOLARSHIPS GRANTED TO GRADUATING SENIORS OF THE THREE HIGH SCHOOLS IN OUR COMMUNITY.
THE FOUNDATION AWARDS GRANTS TO TEACHERS, STAFF OR OTHER INDIVIDUALS WHO WANT TO OFFER INNOVATIVE EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN THE AREAS OF TECHNOLOGY, SCHOLASTIC ACHIEVEMENT, THE ARTS OR EXTRA-CURRICULAR ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bauman Trustee | Trustee | 8 | $0 |
Chris Delgado Superintendent Of Schools | Trustee | 3 | $0 |
Aimee Ergas Trustee | Trustee | 3 | $0 |
Vonetta Sanders Trustee | Trustee | 2 | $0 |
Santoria Shepherd Trustee | Trustee | 3 | $0 |
Mari Anne Wilcox Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,812 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,788 |
| Total Program Service Revenue | $0 |
| Investment income | $1,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,376 |
| 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 | $2,393 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $482 |
| Office expenses | $55 |
| Information technology | $7,860 |
| 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 | $336 |
| All other expenses | $0 |
| Total functional expenses | $129,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,155 |
| Savings and temporary cash investments | $42,200 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,140 |
| 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 | $45,672 |
| Net assets with donor restrictions | $104,468 |
| 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 | $150,140 |