Novi Educational Foundation

Tax-deductible

Novi, MI501(c)(3)Since 1986EIN 38-2665305

Enrich the educational experience of each student and our community by supporting learning opportunities that require financial resources beyond the district

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
66%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
18 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $6K
Funders’ Sch. I, 990-PF
Do they carry debt?
$3K
liabilities
Pt X · Ln 26
Who oversees it?
9
independent of 9 voting board members
Pt VI · Ln 1a–1b
Revenue
$240K
-31% vs prior year
Spent
$172K
To programs
66%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$240K
FY2024▼ -31%
Revenue by fiscal year
FY2020$344K
FY2021$189K
FY2022$413K
FY2023$102K
FY2024$348K
FY2024$240K
Expenses
$172K
FY2024▼ -47%
Expenses by fiscal year
FY2020$190K
FY2021$114K
FY2022$367K
FY2023$148K
FY2024$326K
FY2024$172K
Net assets
$1.2M
FY2024▲ +11%
Net assets by fiscal year
FY2020$904K
FY2021$921K
FY2022$946K
FY2023$961K
FY2024$1.1M
FY2024$1.2M

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CNovi Educational Foundation
EINHdr · item D38-2665305
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1986
Year of formationHdr · item L1986
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNovi, MI
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.20 Fundraising $0.14
Program services66%$114K
Management & general20%$34K
Fundraising14%$24K
Total functional expensesLn 25$172K

Financial health

Is it on solid ground?

Program efficiency
66%
of spending reaches programs▼ -25% vs prior filing year
Operating runway
81.7mo
months of highly liquid reserves at operating expense rate▲ +95% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +352% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.2M
FY2024▲ +3%
Total assets by fiscal year
FY2020$986K
FY2021$985K
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M
FY2024$1.2M
Total liabilities
$3K
FY2024▼ -96%
Total liabilities by fiscal year
FY2020$83K
FY2021$63K
FY2022$261K
FY2023$187K
FY2024$80K
FY2024$3K
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$254K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$3K
Total net assetsLn 32$1.2M
Months of cash on handcomputed17.7

Statement of Revenue

Part VIII
Contributions & grants$127K · 53%
Other revenue$66K · 27%
Investment income$47K · 20%
Contributions & grants53%$127K
Other revenue27%$66K
Investment income20%$47K
Total revenueLn 12$240K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $172K
81.7 months
Where the money goes
Program services
Program services $114K · Total expenses $172K
66%
Management & General
Management & general $34K · Total expenses $172K
20%
Fundraising
Fundraising $24K · Total expenses $172K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $93K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $127K · Total revenue $240K
53%
Government reliance
Government grants — · Total revenue $240K
—
Earned-income share
Program service revenue $0 · Total revenue $240K
0%
Investment reliance
Investment income $47K · Total revenue $240K
+20%
Program self-sufficiency
Program service revenue $0 · Total expenses $172K
0%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $348K
-31%
Revenue CAGR
FY2019 $344K · FY2024 $240K
-7%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $172K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $917K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
78%
People & payroll
Highest Reported Total Compensation
Individual Kat Maguire · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $172K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31K · Total expenses $172K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 20%——
Fundraising cost ratio 19%——
Revenue growth -31%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Novi Educational Foundation executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports students by providing educational opportunities and program enhancements.

Provided by the organization

This section is blank until Novi Educational Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $114K of program spending, described in the organization's own filed words · FY2024.
01

Educational enrichment through the funding of grants, scholarships and programs of the novi community school district

$114Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 22 grants · $857K · 2019–2024
Unitemized GrantFY2024$62,037
Novi Community School DistrictFY2024$33,912
Unitemized GrantFY2024$4,525
Novi Community School DistrictFY2023$239,294
Unitemized GrantFY2023$24,500
Unitemized GrantFY2023$12,838
Novi Community School DistrictFY2022$43,269
Unitemized GrantFY2022$33,500
Novi Community School DistrictFY2022$10,000
Novi Community School DistrictFY2021$180,000
Unitemized GrantFY2021$44,978
Novi Community School DistrictFY2021$44,463
Novi Community School DistrictFY2021$6,951
Novi Community School DistrictFY2020$12,000
Unitemized GrantFY2020$8,650
Unitemized GrantFY2020$250
Unitemized GrantFY2020$250
Novi Community School DistrictFY2019$58,000
See all 22 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $348K$326K+241% 990 PDF
FY2023 $102K$148K-75% 990 PDF
FY2022 $413K$367K+119% 990 PDF
FY2021 $189K$114K-45% 990 PDF
FY2020 $344K$190K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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