Novi Educational Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 38-2665305)

Revenue by fiscal year
FY2020	$344K
FY2021	$189K
FY2022	$413K
FY2023	$102K
FY2024	$348K
FY2025	$240K

Expenses by fiscal year
FY2020	$190K
FY2021	$114K
FY2022	$367K
FY2023	$148K
FY2024	$326K
FY2025	$172K

Net assets by fiscal year
FY2020	$904K
FY2021	$921K
FY2022	$946K
FY2023	$961K
FY2024	$1.1M
FY2025	$1.2M

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

84 cents of each dollar spent went to programs.

84%

Program services 84% · $310K Management & general 10% · $35K Fundraising 6% · $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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Punita Dani-Thurman

President

$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

Sanya Weston

Trustee

$0Pt VII · Sec A

Karen Katinas

Trustee

$0Pt VII · Sec A

Jill Viet

Trustee

$0Pt VII · Sec A

Sue Collins-Schroeder

Executive Di

$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 · $310K · in their own filed words · FY2021

01

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

$310Kprogram 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$413K

Ln 12

Gifts and grantsLn 1h$297K

Investment incomeLn 3$58K

Other incomeLn 4–11$58K

Money outPt IX

$367K

Ln 25

Programscol B$310K

Managementcol C$35K

Fundraisingcol D$22K

Owns and owesPt X

$946K

net assets · Ln 32

Cash and savingsLn 1–2$408K

Total assetsLn 16$1.2M

LiabilitiesLn 26$261K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$297K

Government grantsLn 1e$201K

Investment incomeLn 3$58K

Other incomeLn 4–11$58K

Gains on assetsLn 7$44K

Total revenueLn 12$413K

Assets in detailPt X, end of year

CashLn 1$408K

Cash and savings togetherLn 1–2$408K

InvestmentsLn 11–13$800K

Total assetsLn 16$1.2M

LiabilitiesLn 26$261K

Net assetsLn 32$946K

OperationsPt I, VI

EmployeesI 50

VolunteersI 625

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$162K	$408K
InvestmentsLn 11–13	$823K	$800K
Total assetsLn 16	$985K	$1.2M
LiabilitiesLn 26	$63K	$261K
Net assetsLn 32	$921K	$946K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$244K	$244K
Grants to domestic individualsLn 2	$45K	$45K
Other salaries and wagesLn 7	$55K	$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	$188		$188
Office expensesLn 13	$3K	$2K	$389	$2K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$2K		$1K	$454
All other expensesLn 24e	$20		$20
Total functional expensesLn 25	$367K	$310K	$35K	$22K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$413K	$367K	$46K	$946K	990 PDF
FY2021	$189K	$114K	$75K	$921K	990 PDF
FY2020	$344K	$190K	$155K	$904K	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 FY2022 990 (6 parts)

Part I · Summary $413,315 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $86,922$296,868

I-9 Program service revenue$0

I-10 Investment incomePrior year $35,973$58,258

I-11 Other revenuePrior year $66,087$58,189

I-12 Total revenuePrior year $188,982$413,315

I-13 Grants and similar amounts paidPrior year $33,759$288,723

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $59,741$59,266

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $20,037$18,992

I-18 Total expensesPrior year $113,537$366,981

I-19 Revenue less expensesPrior year $75,445$46,334

Part VI · Governance 9 of 9 board members independent, 2 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

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-15a Process for setting top official's payYes

Part VIII · Statement of revenue $413,315 across 7 lines filed

VIII-1e Government grants$200,729

VIII-1f All other contributions, gifts and grants$96,139

VIII-1h Total contributions, gifts and grants$296,868

VIII-3 Investment incomeRelated to mission $14,087$14,087

VIII-7 Net gain or loss on sales of assetsRelated to mission $44,171$44,171

VIII-8 Net income from fundraising eventsExcluded from tax $58,189$58,189

VIII-12 Total revenueRelated to mission $58,258 · Excluded from tax $58,189$413,315

Part IX · Statement of functional expenses $366,981 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $243,745$243,745

IX-2 Grants to domestic individualsPrograms $44,978$44,978

IX-7 Other salaries and wagesPrograms $18,270 · Management $18,265 · Fundraising $18,265$54,800

IX-10 Payroll taxesPrograms $1,488 · Management $1,489 · Fundraising $1,489$4,466

IX-11c Accounting feesManagement $3,138$3,138

IX-11f Investment management feesManagement $8,988$8,988

IX-12 Advertising and promotionManagement $188$188

IX-13 Office expensesPrograms $1,514 · Management $389 · Fundraising $1,549$3,452

IX-23 InsuranceManagement $1,476$1,476

IX-24 Other expenses (24a–d)Management $1,276 · Fundraising $454$1,730

IX-24e All other expensesManagement $20$20

IX-25 Total functional expensesPrograms $309,995 · Management $35,229 · Fundraising $21,757$366,981

Part X · Balance sheet $1,207,873 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $162,065$408,286

X-11 Publicly traded securitiesStart of year $822,540$799,587

X-16 Total assetsStart of year $984,605$1,207,873

X-17 Accounts payable and accrued expensesStart of year $2,690$25,008

X-18 Grants payableStart of year $40,017$236,402

X-26 Total liabilitiesStart of year $63,436$261,410

X-32 Total net assets or fund balancesStart of year $921,169$946,463

X-33 Total liabilities and net assetsStart of year $984,605$1,207,873

Part XI · Reconciliation of net assets $946,463 net assets at year end

XI-1 Total revenue$413,315

XI-2 Total expenses$366,981

XI-3 Revenue less expenses$46,334

XI-4 Net assets at start of year$921,169

XI-5 Net unrealized gains (losses) on investments−$21,040

XI-10 Net assets at end of year$946,463

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Novi Educational Foundation FY2022 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