Deroy Education Partners
- Assets
- $14.7m
- Revenue
- $15.0m
- Investments
- $6.1m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- Data as of
- 05/2022
- EIN
- 87-1438734
Organization Overview
Deroy Education Partners is located in West Bloomfield, MI. 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. Deroy Education Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES TO ESTABLISH INFRASTRUCTURE AND OPERATIONS CONSISTENT WITH THE PURPOSES FOR WHICH THE CORPORATION WAS FORMED, WHICH ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES AS DESCRIBED IN IRC SEC. 501(C)(3).EXPENDITURES MADE BY THE DEROY EDUCATION PARTNERS INCLUDE AN ALLOCABLE PORTION OF OFFICER COMPENSATION, FELLOWSHIP GRANTS; SCHOLARSHIP GRANTS; CONVENINGS; COMMUNITY SERVICE PROGRAMMING ASSISTING DEROY EDUCATION PARTNER FELLOWS TO GIVE BACK TO THEIR COMMUNITY BY VOLUNTEERING TIME TO AND/OR SUPPORTING A NON-PROFIT ORGANIZATION; RESEARCH; ANALYSIS; WORKING WITH AND SUPPORTING COLLABORATIONS WITH EDUCATIONAL INSTITUTIONS TO IMPROVE EDUCATIONAL OUTCOMES AND ADVANCE EDUCATIONAL ENDEAVORS OF LEARNERS OF ALL PROGRAMS; AND AN ALLOCABLE PORTION OF OTHER EXPENSES THAT ARE DIRECTLY ATTRIBUTABLE TO DIRECT CHARITABLE ACTIVITIES. DEROY EDUCATION PARTNERS MAINTAINS SIGNIFICANT INVOLVEMENT IN THEIR DIRECT CHARITABLE ACTIVITIES PURSUANT TO IRC REGULATION 53.4942(B)-1(B).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Keidan Seltzer - 61-831 Executive Director, Director | 7 | $0 | |
Robert Clauser - 61-831 Treasurer, Secretary, Director | 1.1 | $0 | |
Julie Rodecker Director | 0.1 | $0 | |
Rochelle Katz Freeman Director | 0.1 | $0 | |
Carol Himelhoch Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,313 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,999,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,230 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,739 |
| Interest | $0 |
| Taxes | $13,920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $260 |
| Other expenses | $10,115 |
| Total operating and administrative expenses | $317,054 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $317,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,283 |
| Savings and temporary cash investments | $8,556,575 |
| 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 | $10,048 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,681,206 |
| Accounts payable and accrued expenses | $2,338 |
| 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 | $2,338 |
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