Bfdi Educational Service Inc
- Assets
- $563.4k
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 66
- Location
- Detroit, MI
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-4349455
Organization Overview
Bfdi Educational Service Inc is located in Detroit, MI. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Bfdi Educational Service Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bfdi Educational Service 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 12/2023, Bfdi Educational Service Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BES IS COMMITTED TO SUPPORTING RIGOR, RELEVANCY AND RELATIONSHIPS IN TEACHING AND LEARNING PROCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BFDI EDUCATIONAL SERVICES BES OFFERS A WIDE RANGE OF PROGRAMS AND SERVICES DESIGNED TO PROMOTE AND ENHANCE THE EDUCATIONAL EXPERIENCE FOR STUDENTS, STAFF AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Thompson CEO | Officer | 40 | $269,648 |
Ronald E Williams COO | 40 | $100,897 | |
Robert Thomas Chair | OfficerTrustee | 2 | $0 |
Dr Phyllis I Vroom Secretary | OfficerTrustee | 2 | $0 |
Dr Ann Smith Treasurer | OfficerTrustee | 2 | $0 |
Dr Earlexia Norwood Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nonstop Inc Jacs Accounting Financial Services | 12/30/21 | $211,843 |
Alice G Thompson Chief Executive Officer | 12/30/21 | $277,577 |
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 | $116,788 |
| Noncash contributions included in lines 1a–1f | $111,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,788 |
| Total Program Service Revenue | $4,084,472 |
| Investment income | $0 |
| 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 | $4,201,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,880,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568,233 |
| Payroll taxes | $237,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,068 |
| Fees for services: Accounting | $9,220 |
| 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 | $15,193 |
| Information technology | $32,154 |
| Royalties | $0 |
| Occupancy | $22,779 |
| Travel | $10,963 |
| 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 | $0 |
| All other expenses | $11,606 |
| Total functional expenses | $4,347,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,000 |
| 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 | $58,535 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,394 |
| Accounts payable and accrued expenses | $306,610 |
| 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 | $306,610 |
| Net assets without donor restrictions | $256,784 |
| 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 | $563,394 |