Deroy Education Partners
- Assets
- $14.1m
- Revenue
- $941.7k
- Investments
- $12.7m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- Data as of
- 05/2024
- 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.
For the year ending 05/2024, Deroy Education Partners generated $941.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.3%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAWRENCE TECHNOLOGICAL UNIVERSITY - THE EXPENDITURE WAS USED FOR THE OPERATION OF AN ACTIVE FELLOWSHIP PROGRAM DELIVERING EDUCATIONAL, FINANCIAL, PERSONAL DEVELOPMENT AND OTHER RESOURCES TO TWENTY STUDENT PARTICIPANTS ("FELLOWS") TO ADVANCE STUDENT-PARTCIPANT SUCCESS WHILE THEY STRENGHTEN THE COMMUNITIES WHERE THEY STUDY, WORK AND LIVE. FINANCIAL ASSISTANCE INCLUDED FELLOWSHIP/SCHOLARSHIP GRANTS PAID DIRECTLY TO THE COLLEGE PROVIDING FOR TUITION ASSISTANCE, COLLEGE-RELATED FEES, AND BOOKS FOR STUDENT PARTICIPANTS/FELLOWS: OTHER RESOURCE EXPENDITURES INCLUDED MONTHLY CONVENINGS INVOLVING STUDENT SUCCESS-BASED PROGRAMMING. DEROY EDUCATION PARTNERS MAINTAINED SIGNIFICANT INVOLVEMENT IN ITS DIRECT CHARITABLE ACTIVITIES PURSUANT TO IRC REGULATION 53.4942(B)-(1)(B).
OAKLAND COMMUNITY COLLEGE - THE EXPENDITURE WAS USED FOR THE OPERATION OF AN ACTIVE FELLOWSHIP PROGRAM DELIVERING EDUCATIONAL, FINANCIAL, PERSONAL DEVELOPMENT AND OTHER RESOURCES TO SEVENTEEN STUDENT PARTICIPANTS ("FELLOWS") TO ADVANCE STUDENT-PARTICIPANT SUCCESS WHILE THEY STRENGTHEN THE COMMUNITIES WHERE THEY STUDY, WORK AND LIVE. FINANCIAL ASSISTANCE INCLUDED FELLOWSHIP/SCHOLARSHIP GRANTS PAID DIRECTLY TO THE COLLEGE PROVIDING FOR TUITION ASSISTANCE, COLLEGE-RELATED FEES, AND BOOKS FOR STUDENT PARTCIPANTS/FELLOWS; OTHER RESOURCE EXPENDITURES INCLUDED MONTHLY CONVENINGS INVOLVING STUDENT SUCCESS-BASED PROGRAMMING. DEROY EDUCATION PARTNERS MAINTAINED SIGNIFICANT INVOLVEMENT IN ITS DIRECT CHARITABLE ACITIVITIES PURSUANT TO IRC REGULATION 53.4942(B)-(1)(B).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Keidan Seltzer Executive Director,president,director | 37.5 | $180,000 | |
Robert Clauser Treasurer, Secretary, Director | 19 | $133,600 | |
Julie Rodecker Director | 1.5 | $0 | |
Rochelle Katz Freeman Director | 1.5 | $0 | |
Carol Himelhoch Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $461,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,250 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $941,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $313,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $42,078 |
| Interest | $0 |
| Taxes | $30,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $140 |
| Other expenses | $584,083 |
| Total operating and administrative expenses | $1,056,477 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,056,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,953 |
| Savings and temporary cash investments | $1,328,482 |
| 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 | $1,033 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,073,688 |
| Accounts payable and accrued expenses | $1,275 |
| 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 | $1,275 |