Set Seg Foundation

EIN 20-2553272 Public charity (501(c)(3)) East Lansing, MI NTEE B82
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Revenue & expenses by yearFY2020–FY2024
Revenue
$140K
FY2024▼ -1%
Expenses
$94K
FY2024+0.2%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Funds student enrichment to advance learning, leadership, and civic responsibility. For fiscal year 2024 it reported $140K in revenue, $94K in expenses, and $572K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
East Lansing, MI
Website
www.setseg.org
Filings
5 on file (2020–2024)
Revenue
$140KFY2024
Expenses
$94K
Net assets
$572K
People
10
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Provided by the organization

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Size
$100K–1M
What they do
Funds student enrichment to advance learning, leadership, and civic responsibility.
Leadership
Don Wotruba · Secretary & Treasurer
Money in and out
$140K revenue, $94K expenses
Bottom line
73% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 1 funder — Madison Investments Foundation INC

$500 in the latest grant year. Details →

Spent on programs?

good 73% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -1% vs prior year Details →

Where the money goes · FY2024
Total revenue
$140K
Pt VIII · Ln 12
Total expenses
$94K
Pt IX · Ln 25
Net assets
$572K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.23 Fundraising $0.04
Program efficiency
73%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
82.4mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▼ -3% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$574K
FY2024▲ +13%
Total liabilities
$2K
FY2024▼ -3%
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$574K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSet Seg Foundation
EINHdr · item D20-2553272
Principal addressHdr · item CEast Lansing, MI
WebsiteHdr · item Jwww.setseg.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJul 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Set Seg Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $69K of program spending, described in the organization's own filed words · FY2024.
01

The corporation shall receive and disburse funds, property, and gifts of any kind exclusively for the benefit of public schools and students of publicly supported schools.

$69Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$129K · 92%
Investment income$11K · 8%
Contributions & grants92%$129K
Investment income8%$11K
Total revenueLn 12$140K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.23 Fundraising $0.04
Program services73%$69K
Management & general23%$21K
Fundraising4%$4K
Total functional expensesLn 25$94K

Balance Sheet

Part X · end of year
CashLn 1$163K
Total assetsLn 16$574K
Total liabilitiesLn 26$2K
Total net assetsLn 32$572K
Months of cash on handcomputed20.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $561K · Operating expenses (Pt IX) $94K · Less non-cash grants $12K · Cash operating expenses/yr $82K
82.4 months
Where the money goes
Program services
Program services $69K · Total expenses $94K
73%
Management & General
Management & general $21K · Total expenses $94K
23%
Fundraising
Fundraising $4K · Total expenses $94K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $3K · Solicited contributions (2-yr avg) $132K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $129K · Total revenue $140K
92%
Government reliance
Government grants — · Total revenue $140K
—
Earned-income share
Program service revenue $0 · Total revenue $140K
0%
Investment reliance
Investment income $11K · Total revenue $140K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $94K
0%
Growth & trend
Revenue growth (YoY)
This year $140K · Prior year $142K
-1%
Revenue CAGR
FY2020 $96K · FY2024 $140K
+10%
Net-asset trend (YoY)
End of year $572K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $140K · Expenses $94K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $574K
—
Net-asset ratio
Net assets $572K · Total assets $574K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $399K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $574K
70%
People & payroll
Highest Reported Total Compensation
Individual Don Wotruba · Reported title SECRETARY & TREASURER · Highest reported compensation $0 · Total expenses $94K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $94K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 23%——
Fundraising cost ratio 3%——
Revenue growth -1%——
Investment management fee ratio 0.2%——
Accounting fee ratio 7%——

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 · FY2021
Total grants receivedfrom 1 funder$500
Grants paid · 4 grants · $80K · 2023–2024
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$10,500

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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
FY2024 (Latest)$140K revenue · viewing · ⤓ 990 PDF
FY2023$142K revenue · ⤓ 990 PDF
FY2022$109K revenue · ⤓ 990 PDF
FY2021$92K revenue · ⤓ 990 PDF
FY2020$96K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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