Sc Health Sciences Inc
- Assets
- $88.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Livonia, MI
- Founding
- 07/2019
- Data as of
- 06/2023
- 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
2023
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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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 | $1,961,131 |
| 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 | $5,876,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $597,002 |
| 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 | $26,618 |
| Fees for services: Legal | $4,800 |
| 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 | $1,396,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $925,864 |
| Insurance | $0 |
| All other expenses | $202 |
| Total functional expenses | $3,552,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,922 |
| 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 | $0 |
| Net Land, buildings, and equipment | $35,071,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,633,043 |
| Total assets | $88,881,471 |
| Accounts payable and accrued expenses | $267,306 |
| Grants payable | $0 |
| Deferred revenue | $49,723,558 |
| 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 | $37,612,626 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,603,490 |
| Net assets without donor restrictions | $1,277,981 |
| 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 | $88,881,471 |
Grants Awarded
Over the last fiscal year, Sc Health Sciences Inc has awarded $2,522,890 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOLCRAFT DEVELOPMENT AUTHORTY PURPOSE: TO SUPPORT HIGHER EDUCATION | $1,351,250 |
SC DEVELOPMENT UNIT 14 INC PURPOSE: TO SUPPORT HIGHER EDUCATION | $996,640 |
SC TECHNOLOGY CENTER PURPOSE: TO SUPPORT HIGHER EDUCATION | $175,000 |