Schoolcraft College Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 23-7013727)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$1.1M
FY2022	$2.0M
FY2023	$2.9M
FY2024	$2.7M
FY2025	$3.5M

Expenses by fiscal year
FY2020	$1.1M
FY2021	$936K
FY2022	$745K
FY2023	$3.0M
FY2024	$1.7M
FY2025	$2.4M

Net assets by fiscal year
FY2020	$14.6M
FY2021	$20.0M
FY2022	$17.8M
FY2023	$18.6M
FY2024	$20.8M
FY2025	$23.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

66%

34%

Program services 66% · $617K Management & general 34% · $319K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Glenn Cerny

Ex-Officio - Part Year

$0Pt VII · Sec A

Dr Conway a Jeffress

Ex-Officio - Part Year

$0Pt VII · Sec A

Dawn Magretta

Executive Director

$0Pt VII · Sec A

Ryan Jenner

President

$0Pt VII · Sec A

Lois McEntyre

Vice President

$0Pt VII · Sec A

James Fausone

Treasurer

$0Pt VII · Sec A

Lynn Coburn

Secretary

$0Pt VII · Sec A

Loretta Dickey

Board Member

$0Pt VII · Sec A

See Schoolcraft College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Schoolcraft College's programs, purposes, and initiatives.

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2 programs · $617K · in their own filed words · FY2020

01

Grants

To create new or enhance current educational programs at schoolcraft college

$333Kprogram expense

02

Scholarships

Support academic achievement AND/OR provide for financial need

$284Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$38K

Donor Advised Charitable Giving INCFY2024$11K

American Online Giving Foundation INCFY2024$10K

Auch Construction FoundationFY2024$8K

Michigan Community College AssociationFY2024$8K

Total grants receivedfrom 5 funders$73K

See all 5 funders →

Grants paid · 12 grants · $7.7M · 2019–2024

Schoolcraft CollegeFY2024$1,199,920

Unitemized GrantFY2024$724,101

Schoolcraft CollegeFY2023$670,780

Unitemized GrantFY2023$641,324

Schoolcraft CollegeFY2022$2,173,311

Unitemized GrantFY2022$506,307

Unitemized GrantFY2021$308,146

Schoolcraft CollegeFY2021$203,020

Schoolcraft CollegeFY2020$333,416

Unitemized GrantFY2020$283,721

Unitemized GrantFY2019$556,238

Schoolcraft CollegeFY2019$122,234

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Gifts and grantsLn 1h$706K

Investment incomeLn 3$426K

Money outPt IX

$936K

Ln 25

Programscol B$617K

Managementcol C$319K

Owns and owesPt X

$20.0M

net assets · Ln 32

Cash and savingsLn 1–2$225K

Total assetsLn 16$20.5M

LiabilitiesLn 26$524K

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a19

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$706K

Investment incomeLn 3$426K

Gains on assetsLn 7−$20K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$225K

Cash and savings togetherLn 1–2$225K

InvestmentsLn 11–13$20.0M

Other assetsLn 15$111K

Total assetsLn 16$20.5M

LiabilitiesLn 26$524K

Net assetsLn 32$20.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 616

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$239K	$225K
InvestmentsLn 11–13	$14.6M	$20.0M
Total assetsLn 16	$15.0M	$20.5M
LiabilitiesLn 26	$384K	$524K
Net assetsLn 32	$14.6M	$20.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$333K	$333K
Grants to domestic individualsLn 2	$284K	$284K
Other salaries and wagesLn 7	$28K		$28K
Accounting feesLn 11c	$11K		$11K
Investment management feesLn 11f	$66K		$66K
Other fees for servicesLn 11g	$79K		$79K
Advertising and promotionLn 12	$61K		$61K
Office expensesLn 13	$40K		$40K
Information technologyLn 14	$12K		$12K
TravelLn 17	$1K		$1K
Other expenses (24a–d)Ln 24	$20K		$20K
Total functional expensesLn 25	$936K	$617K	$319K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.5M	$2.4M	$1.1M	$23.5M	990 PDF
FY2024	$2.7M	$1.7M	$1.0M	$20.8M	990 PDF
FY2023	$2.9M	$3.0M	−$63K	$18.6M	990 PDF
FY2022	$2.0M	$745K	$1.2M	$17.8M	990 PDF
FY2021 Viewing	$1.1M	$936K	$197K	$20.0M	990 PDF
FY2020	$1.3M	$1.1M	$218K	$14.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $1,132,448 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $776,159$706,009

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $507,909$426,439

I-11 Other revenuePrior year $17,936$0

I-12 Total revenuePrior year $1,302,004$1,132,448

I-13 Grants and similar amounts paidPrior year $678,472$617,137

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $140,077$28,249

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $265,238$290,500

I-18 Total expensesPrior year $1,083,787$935,886

I-19 Revenue less expensesPrior year $218,217$196,562

Part VI · Governance 18 of 19 board members independent, 1 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members18

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,132,448 across 5 lines filed

VIII-1f All other contributions, gifts and grants$706,009

VIII-1h Total contributions, gifts and grants$706,009

VIII-3 Investment incomeExcluded from tax $446,905$446,905

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$20,466−$20,466

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $426,439$1,132,448

Part IX · Statement of functional expenses $935,886 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $333,416$333,416

IX-2 Grants to domestic individualsPrograms $283,721$283,721

IX-7 Other salaries and wagesManagement $28,249$28,249

IX-11c Accounting feesManagement $11,275$11,275

IX-11f Investment management feesManagement $65,566$65,566

IX-11g Other fees for servicesManagement $79,048$79,048

IX-12 Advertising and promotionManagement $61,021$61,021

IX-13 Office expensesManagement $39,674$39,674

IX-14 Information technologyManagement $12,236$12,236

IX-17 TravelManagement $1,295$1,295

IX-24 Other expenses (24a–d)Management $20,385$20,385

IX-25 Total functional expensesPrograms $617,137 · Management $318,749 · Fundraising $0$935,886

Part X · Balance sheet $20,494,056 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $239,053$224,648

X-3 Pledges and grants receivableStart of year $34,288$121,780

X-4 Accounts receivable$210

X-9 Prepaid expenses and deferred chargesStart of year $21,102$19,325

X-11 Publicly traded securitiesStart of year $14,648,783$20,017,278

X-15 Other assetsStart of year $85,981$110,815

X-16 Total assetsStart of year $15,029,207$20,494,056

X-17 Accounts payable and accrued expensesStart of year $321,831$395,504

X-18 Grants payableStart of year $10,135$79,210

X-25 Other liabilitiesStart of year $51,955$49,722

X-26 Total liabilitiesStart of year $383,921$524,436

X-27 Net assets without donor restrictionsStart of year $3,802,053$4,993,445

X-28 Net assets with donor restrictionsStart of year $10,843,233$14,976,175

X-32 Total net assets or fund balancesStart of year $14,645,286$19,969,620

X-33 Total liabilities and net assetsStart of year $15,029,207$20,494,056

Part XI · Reconciliation of net assets $19,969,620 net assets at year end

XI-1 Total revenue$1,132,448

XI-2 Total expenses$935,886

XI-3 Revenue less expenses$196,562

XI-4 Net assets at start of year$14,645,286

XI-5 Net unrealized gains (losses) on investments$5,101,306

XI-9 Other changes in net assets$26,466

XI-10 Net assets at end of year$19,969,620

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Schoolcraft College Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Schoolcraft College Foundation

Grants

Scholarships

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV