Concord Educational Foundation
- Assets
- $470.6k
- Revenue
- $90.3k
- Investments
- $444.9k
- Employees
- 0
- Location
- Concord, MI
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 86-1166921
Organization Overview
Concord Educational Foundation is located in Concord, MI. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Concord Educational 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 12/2021, Concord Educational Foundation generated $90.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $29.5k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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.
Since 2015, Concord Educational Foundation has awarded 298 individual grants totaling $348,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTES SCHOLARSHIPS TO STUDENTS/GRADUATES OF CONCORD COMMUNITY SCHOOLS FOR POST- SECONDARY EDUCATION, AND ALSO PROVIDES GRANTS TO CONCORD COMMUNITY SCHOOLS FOR VARIOUS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah A Laske Director | 0 | $0 | |
Constance Britner President | 0 | $0 | |
Steven D Rick Secretary | 0 | $0 | |
William J Brigham VP | 0 | $0 | |
Nancy L Barton Treasurer | 0 | $0 | |
Albert Widner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,820 |
| Interest on Savings | $2 |
| Dividends & Interest | $9,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,732 |
| Capital Gain Net Income | $74,732 |
| Net ST Capital Gain | $155 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,974 |
| Contributions, gifts, grants paid | $25,522 |
| Total expenses and disbursements | $29,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,754 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $444,888 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $470,642 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Concord Educational Foundation has awarded $69,522 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ROSS WEEKS PURPOSE: SCHOLARSHIP | $6,000 |
ASHLEE FRANSTED PURPOSE: SCHOLARSHIP | $4,500 |
SKYLAR THOMPSON PURPOSE: SCHOLARSHIP | $4,500 |
JULIA RISKE PURPOSE: SCHOLARSHIP | $4,500 |
KATELYN PROSHEK PURPOSE: SCHOLARSHIP | $4,500 |
MEGHAN GRAY PURPOSE: SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |