Sc Health Sciences Inc
- Assets
- $92.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Livonia, MI
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 83-2787147
Organization Overview
Sc Health Sciences Inc is located in Livonia, MI. The organization was established in 2019. 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. SC Health Sciences Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCHOOLCRAFT COLLEGE, ITS STUDENTS, AND EDUCATIONAL COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SUPPORTING ORGANIZATION FOR SCHOOLCRAFT COLLEGE, LOCATED IN LIVONIA, MICHIGAN, FOCUSING ON PROVIDING ANCILLARY SUPPORT SERVICES TO TENANTS OF SCHOOLCRAFT COLLEGE, A HIGHER LEARNING INSTITUTION THAT CONTROLS THE CORPORATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Cerny Director & President | OfficerTrustee | 2 | $0 |
Jon Lamb Director & Treasurer | OfficerTrustee | 3 | $0 |
Carol Strom Director & Vice President | OfficerTrustee | 0.25 | $0 |
Terry Gilligan Director & Secretary | OfficerTrustee | 0.25 | $0 |
Deborah Vendittelli Director | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,771,617 |
| Investment income | $2,043,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,946,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,522,890 |
| 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 | $34,439 |
| Fees for services: Legal | $159,837 |
| 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 | $0 |
| Office expenses | $0 |
| 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 | $1,455,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $923,437 |
| Insurance | $0 |
| All other expenses | $350 |
| Total functional expenses | $6,074,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,067,764 |
| 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 | $35,997,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,182,712 |
| Accounts payable and accrued expenses | $420,346 |
| Grants payable | $0 |
| Deferred revenue | $53,472,882 |
| 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 | $39,310,323 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $93,228,551 |
| Net assets without donor restrictions | -$1,045,839 |
| 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 | $92,182,712 |
Grants Awarded
Over the last fiscal year, Sc Health Sciences Inc has awarded $2,522,890 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $1,351,250 |
Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $996,640 |
Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $175,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sc Health Sciences Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Sc Development Unit 14 Inc Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $100,000 |
Sc Development Unit 14 Inc Livonia, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |