Novi Educational Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 38-2665305)

Revenue by fiscal year
FY2020	$344K
FY2021	$189K
FY2022	$413K
FY2023	$102K
FY2024	$348K
FY2024	$240K

Expenses by fiscal year
FY2020	$190K
FY2021	$114K
FY2022	$367K
FY2023	$148K
FY2024	$326K
FY2024	$172K

Net assets by fiscal year
FY2020	$904K
FY2021	$921K
FY2022	$946K
FY2023	$961K
FY2024	$1.1M
FY2024	$1.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1986.

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

Where the money goes

49 cents of each dollar spent went to programs.

49%

31%

20%

Program services 49% · $56K Management & general 31% · $36K Fundraising 20% · $22K

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.

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

Dr Steven Matthews

District Rep

$0Pt VII · Sec A

Thomas Smith

President

$0Pt VII · Sec A

Punita Dani-Thurman

Vice Preside

$0Pt VII · Sec A

Tia Marie Sanders

Vice Presdie

$0Pt VII · Sec A

Alison Dolin

Treasurer

$0Pt VII · Sec A

Sharon Trumpy

Secretary

$0Pt VII · Sec A

Trina Klassa

Trustee

$0Pt VII · Sec A

Karen Katinas

Trustee

$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 · $56K · in their own filed words · FY2020

01

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

$56Kprogram 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

Relentless Care FoundationFY2025$6K

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

Novi Community School DistrictFY2019$58,000

See all 22 grants →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$189K

Ln 12

Gifts and grantsLn 1h$87K

Other incomeLn 4–11$66K

Investment incomeLn 3$36K

Money outPt IX

$114K

Ln 25

Programscol B$56K

Managementcol C$36K

Fundraisingcol D$22K

Owns and owesPt X

$921K

net assets · Ln 32

Cash and savingsLn 1–2$162K

Total assetsLn 16$985K

LiabilitiesLn 26$63K

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$87K

Investment incomeLn 3$36K

Other incomeLn 4–11$66K

Gains on assetsLn 7$9K

Total revenueLn 12$189K

Assets in detailPt X, end of year

CashLn 1$162K

Cash and savings togetherLn 1–2$162K

InvestmentsLn 11–13$823K

Total assetsLn 16$985K

LiabilitiesLn 26$63K

Net assetsLn 32$921K

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$119K	$162K
InvestmentsLn 11–13	$868K	$823K
Total assetsLn 16	$986K	$985K
LiabilitiesLn 26	$83K	$63K
Net assetsLn 32	$904K	$921K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$25K	$25K
Grants to domestic individualsLn 2	$9K	$9K
Other salaries and wagesLn 7	$56K	$18K	$18K	$18K
Payroll taxesLn 10	$4K	$1K	$1K	$1K
Accounting feesLn 11c	$3K		$3K
Investment management feesLn 11f	$9K		$9K
Advertising and promotionLn 12	$790		$790
Office expensesLn 13	$5K	$2K	$589	$2K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$2K		$1K	$328
Total functional expensesLn 25	$114K	$56K	$36K	$22K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$348K	$326K	$22K	$1.1M	990 PDF
FY2023	$102K	$148K	−$46K	$961K	990 PDF
FY2022	$413K	$367K	$46K	$946K	990 PDF
FY2021 Viewing	$189K	$114K	$75K	$921K	990 PDF
FY2020	$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 FY2021 990 (6 parts)

Part I · Summary $188,982 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $210,830$86,922

I-9 Program service revenue$0

I-10 Investment incomePrior year $86,644$35,973

I-11 Other revenuePrior year $46,813$66,087

I-12 Total revenuePrior year $344,287$188,982

I-13 Grants and similar amounts paidPrior year $110,053$33,759

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $61,164$59,741

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,454$20,037

I-18 Total expensesPrior year $189,671$113,537

I-19 Revenue less expensesPrior year $154,616$75,445

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 $188,982 across 6 lines filed

VIII-1f All other contributions, gifts and grants$86,922

VIII-1h Total contributions, gifts and grants$86,922

VIII-3 Investment incomeRelated to mission $26,769$26,769

VIII-7 Net gain or loss on sales of assetsRelated to mission $9,204$9,204

VIII-8 Net income from fundraising eventsExcluded from tax $66,087$66,087

VIII-12 Total revenueRelated to mission $35,973 · Excluded from tax $66,087$188,982

Part IX · Statement of functional expenses $113,537 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $24,609$24,609

IX-2 Grants to domestic individualsPrograms $9,150$9,150

IX-7 Other salaries and wagesPrograms $18,500 · Management $18,500 · Fundraising $18,500$55,500

IX-10 Payroll taxesPrograms $1,414 · Management $1,414 · Fundraising $1,413$4,241

IX-11c Accounting feesManagement $2,730$2,730

IX-11f Investment management feesManagement $8,769$8,769

IX-12 Advertising and promotionManagement $790$790

IX-13 Office expensesPrograms $1,970 · Management $589 · Fundraising $2,090$4,649

IX-23 InsuranceManagement $1,325$1,325

IX-24 Other expenses (24a–d)Management $1,446 · Fundraising $328$1,774

IX-25 Total functional expensesPrograms $55,643 · Management $35,563 · Fundraising $22,331$113,537

Part X · Balance sheet $984,605 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $118,644$162,065

X-11 Publicly traded securitiesStart of year $867,513$822,540

X-16 Total assetsStart of year $986,157$984,605

X-17 Accounts payable and accrued expensesStart of year $15,462$2,690

X-18 Grants payableStart of year $58,000$40,017

X-25 Other liabilitiesStart of year $9,167$20,729

X-26 Total liabilitiesStart of year $82,629$63,436

X-32 Total net assets or fund balancesStart of year $903,528$921,169

X-33 Total liabilities and net assetsStart of year $986,157$984,605

Part XI · Reconciliation of net assets $921,169 net assets at year end

XI-1 Total revenue$188,982

XI-2 Total expenses$113,537

XI-3 Revenue less expenses$75,445

XI-4 Net assets at start of year$903,528

XI-5 Net unrealized gains (losses) on investments−$57,804

XI-10 Net assets at end of year$921,169

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

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Novi Educational 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 Novi Educational Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV