Davison Educational Foundation EIN 06-1823452 Form 990 (PDF) Claim this org

Davison Educational Foundation FY2022 filing

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Funds teacher mini-grants, scholarships, and school programs for Davison Community Schools. For fiscal year 2022 it reported $92K in revenue, $62K in expenses, and $1.6M in net assets.Pt I

Founded
2007
Type
Public charity (501(c)(3)) · Education
Location
Davison, MI
Filings
6 on file (2020–2022)
Revenue
$92KFY2022
Expenses
$62K
Net assets
$1.6M
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  06-1823452 Public charity (501(c)(3)) Davison, MI Founded 2007
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds teacher mini-grants, scholarships, and school programs for Davison Community Schools.
Leadership
Todd Ferguson · President
Money in and out
$92K revenue, $62K expenses
Bottom line
78% program efficiency
Where the money goes · FY2022
Total revenue
$92K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
313.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$92K
FY2022▲ +14%
Expenses
$62K
FY2022▲ +19%
Total assets
$1.6M
FY2022▲ +2%
Total liabilities
$0
FY2022
Total revenue
$92K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $49K of program spending, described in the organization's own filed words · FY2022.
01

The ben and edna diehl trust provides scholarhips for davison community schools business education students to enable them to continue their education beyond high school.

$46Kprogram expense
02

Program expenses are in support of davison community schools programs through mini-grants, employee recognition and various scholarship activities

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDavison Educational Foundation
EINHdr · item D06-1823452
Principal addressHdr · item CDavison, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2007
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B122)
Ruling yearIRS BMFOct 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Superintende
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$78K · 85%
Contributions & grants$14K · 15%
Investment income85%$78K
Contributions & grants15%$14K
Total revenueLn 12$92K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$49K
Management & general22%$13K
Total functional expensesLn 25$62K

Balance Sheet

Part X · end of year
CashLn 1$73K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.6M
Months of cash on handcomputed14.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $62K
313.4 months
Where the money goes
Program services
Program services $49K · Total expenses $62K
78%
Management & General
Management & general $13K · Total expenses $62K
22%
Fundraising
Fundraising $0 · Total expenses $62K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $14K · Total revenue $92K
15%
Government reliance
Government grants — · Total revenue $92K
Earned-income share
Program service revenue $0 · Total revenue $92K
0%
Investment reliance
Investment income $78K · Total revenue $92K
+85%
Program self-sufficiency
Program service revenue $0 · Total expenses $62K
0%
Growth & trend
Revenue growth (YoY)
This year $92K · Prior year $80K
+14%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $92K · Expenses $62K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
96%
People & payroll
Highest Reported Total Compensation
Individual Todd Ferguson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $62K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $62K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth 14%
Investment management fee ratio 0.7%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$643
Grants paid · 6 grants · $222K · 2020–2025
Davison Community SchoolsFY2025$46,000
Davison Community SchoolsFY2024$41,400
Davison Community SchoolsFY2023$55,600
Davison Community SchoolsFY2022$46,000
Davison Community SchoolsFY2021$20,633
Davison Community SchoolsFY2020$12,562

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$100K revenue · ⤓ 990 PDF
FY2024$130K revenue · ⤓ 990 PDF
FY2023$87K revenue · ⤓ 990 PDF
FY2022$92K revenue · viewing · ⤓ 990 PDF
FY2021$80K revenue · ⤓ 990 PDF
FY2020$71K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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