Lenawee County Educational Foundation EIN 38-2644523 Form 990 (PDF) Claim this org

Lenawee County Educational Foundation

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Supports the local school district's educational system by receiving and distributing funds and gifts. For fiscal year 2025 it reported $379K in revenue, $361K in expenses, and $1.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Adrian, MI
Website
www.lenaweecef.org
Filings
5 on file (2021–2025)
Revenue
$379KFY2025
Expenses
$361K
Net assets
$1.4M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-2644523 Public charity (501(c)(3)) Adrian, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports the local school district's educational system by receiving and distributing funds and gifts.
Leadership
Karol Bolton · Trustee
Money in and out
$379K revenue, $361K expenses
Bottom line
99% program efficiency
Where the money goes · FY2025
Total revenue
$379K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs-0.1% vs prior filing year
Operating runway
38.9mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +121% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$379K
FY2025▲ +16%
Expenses
$361K
FY2025▼ -10%
Total assets
$1.4M
FY2025▲ +2%
Total liabilities
$0
FY2025
Total revenue
$379K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $357K of program spending, described in the organization's own filed words · FY2024.
01

The foundation's primary objective is to receive and disburse funds, property and gifts of any kind exclusively for the benefit of the lenawee intermediate school district and its educational system. In the 2024-2025 fiscal year, there were 265 scholarships and grants awarded.

$357Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLenawee County Educational Foundation
EINHdr · item D38-2644523
Principal addressHdr · item CAdrian, MI
WebsiteHdr · item Jwww.lenaweecef.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lenawee County Educational Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$290K · 77%
Investment income$59K · 15%
Other revenue$30K · 8%
Contributions & grants77%$290K
Investment income15%$59K
Other revenue8%$30K
Total revenueLn 12$379K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$357K
Management & general1%$4K
Total functional expensesLn 25$361K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed38.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $361K
38.9 months
Where the money goes
Program services
Program services $357K · Total expenses $361K
99%
Management & General
Management & general $4K · Total expenses $361K
1%
Fundraising
Fundraising $0 · Total expenses $361K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $448K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $290K · Total revenue $379K
77%
Government reliance
Government grants — · Total revenue $379K
Earned-income share
Program service revenue $0 · Total revenue $379K
0%
Investment reliance
Investment income $59K · Total revenue $379K
+15%
Program self-sufficiency
Program service revenue $0 · Total expenses $361K
0%
Growth & trend
Revenue growth (YoY)
This year $379K · Prior year $327K
+16%
Revenue CAGR
FY2020 $252K · FY2024 $379K
+11%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $379K · Expenses $361K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karol Bolton · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $361K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $361K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 16%

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 · FY2025
Total grants receivedfrom 1 funder$27K
Grants paid · 5 grants · $1.6M · 2020–2024
Unitemized GrantFY2024$356,564
Unitemized GrantFY2023$396,944
Unitemized GrantFY2022$288,528
Unitemized GrantFY2021$288,155
Unitemized GrantFY2020$229,270

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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)$379K revenue · viewing · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$879K revenue · ⤓ 990 PDF
FY2022$290K revenue · ⤓ 990 PDF
FY2021$252K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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