Novi Educational Foundation FY2020 filing

Tax-deductible

Novi, MI501(c)(3)Since 1986EIN 38-2665305Revenue $344K in FY2020

On file with the IRSnovieducationalfoundation.org25345 Taft Rd, 48374-2423 · Novi, MITax-exempt since Jun 1986Publicly supported charity — 170(b)(1)(A)(vi)

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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.
69¢ of each $1 spent went to programs.
$61K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $53K a year · 20% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$61K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$83K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$344K
Spent
$190K
To programs
69%
Net assets
$904K
By yearFY2020–FY2025
Revenue
$344K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$344K
FY2021$189K
FY2022$413K
FY2023$102K
FY2024$348K
FY2025$240K
Expenses
$190K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$190K
FY2021$114K
FY2022$367K
FY2023$148K
FY2024$326K
FY2025$172K
Net assets
$904K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$904K
FY2021$921K
FY2022$946K
FY2023$961K
FY2024$1.1M
FY2025$1.2M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $130K Management & general 20% · $39K Fundraising 11% · $20K

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

12 people listed on the 990; $61K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$61,004Pt VII · Sec A
Board of Ed
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Presdie
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
District Rep
$0Pt VII · Sec A
$0Pt VII · Sec A
See Novi Educational 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 15aYes

Programs and updates

Supports students by providing educational opportunities and program enhancements.

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Provided by the organization

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1 program · $130K · in their own filed words · FY2019
01

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

$130Kprogram 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 · 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 →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$344K
Ln 12
Gifts and grantsLn 1h$211K
Investment incomeLn 3$87K
Other incomeLn 4–11$47K
Money outPt IX
$190K
Ln 25
Programscol B$130K
Managementcol C$39K
Fundraisingcol D$20K
Owns and owesPt X
$904K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$986K
LiabilitiesLn 26$83K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$211K
Investment incomeLn 3$87K
Other incomeLn 4–11$47K
Gains on assetsLn 7$64K
Total revenueLn 12$344K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$868K
Total assetsLn 16$986K
LiabilitiesLn 26$83K
Net assetsLn 32$904K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$68K$119K
InvestmentsLn 11–13$697K$868K
Total assetsLn 16$768K$986K
LiabilitiesLn 26$19K$83K
Net assetsLn 32$749K$904K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$93K$93K
Grants to domestic individualsLn 2$17K$17K
Other salaries and wagesLn 7$56K$19K$19K$19K
Payroll taxesLn 10$5K$2K$2K$2K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$7K$7K
Advertising and promotionLn 12$831$831
Office expensesLn 13$102$102
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$323$323
Total functional expensesLn 25$190K$130K$39K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $240K$172K$67K$1.2M 990 PDF
FY2024 $348K$326K$22K$1.1M 990 PDF
FY2023 $102K$148K−$46K$961K 990 PDF
FY2022 $413K$367K$46K$946K 990 PDF
FY2021 $189K$114K$75K$921K 990 PDF
FY2020 Viewing $344K$190K$155K$904K 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
See the full FY2020 990 (6 parts)
Part I · Summary $344,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,710$210,830
I-9 Program service revenue$0
I-10 Investment incomePrior year $32,874$86,644
I-11 Other revenuePrior year $78,061$46,813
I-12 Total revenuePrior year $185,645$344,287
I-13 Grants and similar amounts paidPrior year $58,150$110,053
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,738$61,164
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,441$18,454
I-18 Total expensesPrior year $135,329$189,671
I-19 Revenue less expensesPrior year $50,316$154,616
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $344,287 across 6 lines filed
VIII-1f All other contributions, gifts and grants$210,830
VIII-1h Total contributions, gifts and grants$210,830
VIII-3 Investment incomeRelated to mission $22,162$22,162
VIII-7 Net gain or loss on sales of assetsRelated to mission $64,482$64,482
VIII-8 Net income from fundraising eventsExcluded from tax $46,813$46,813
VIII-12 Total revenueRelated to mission $86,644 · Excluded from tax $46,813$344,287
Part IX · Statement of functional expenses $189,671 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $92,753$92,753
IX-2 Grants to domestic individualsPrograms $17,300$17,300
IX-7 Other salaries and wagesPrograms $18,793 · Management $18,793 · Fundraising $18,793$56,379
IX-10 Payroll taxesPrograms $1,595 · Management $1,595 · Fundraising $1,595$4,785
IX-11c Accounting feesManagement $2,500$2,500
IX-11f Investment management feesManagement $6,865$6,865
IX-12 Advertising and promotionManagement $831$831
IX-13 Office expensesManagement $102$102
IX-23 InsuranceManagement $1,317$1,317
IX-24 Other expenses (24a–d)Management $6,516$6,516
IX-24e All other expensesManagement $323$323
IX-25 Total functional expensesPrograms $130,441 · Management $38,842 · Fundraising $20,388$189,671
Part X · Balance sheet $986,157 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $67,511$118,644
X-11 Publicly traded securitiesStart of year $696,549$867,513
X-16 Total assetsStart of year $768,095$986,157
X-17 Accounts payable and accrued expensesStart of year $19,183$15,462
X-18 Grants payable$58,000
X-25 Other liabilities$9,167
X-26 Total liabilitiesStart of year $19,183$82,629
X-32 Total net assets or fund balancesStart of year $748,912$903,528
X-33 Total liabilities and net assetsStart of year $768,095$986,157
Part XI · Reconciliation of net assets $903,528 net assets at year end
XI-1 Total revenue$344,287
XI-2 Total expenses$189,671
XI-3 Revenue less expenses$154,616
XI-4 Net assets at start of year$748,912
XI-10 Net assets at end of year$903,528

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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