M C C Educational Foundation EIN 38-2888820 Form 990 (PDF) Claim this org

M C C Educational Foundation

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Supports local schools and offers scholarships for further education. For fiscal year 2025 it reported $93K in revenue, $42K in expenses, and $656K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Scottville, MI
Website
mccedfoundation.org
Filings
5 on file (2021–2025)
Revenue
$93KFY2025
Expenses
$42K
Net assets
$656K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-2888820 Public charity (501(c)(3)) Scottville, MI
Form 990 (PDF)
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Size
<$100K
What they do
Supports local schools and offers scholarships for further education.
Leadership
Marcie McCloskey · President
Money in and out
$93K revenue, $42K expenses
Bottom line
89% program efficiency
Where the money goes · FY2025
Total revenue
$93K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$656K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
185.8mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+54%
revenue over expenses, this year▼ -25% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$93K
FY2025▼ -26%
Expenses
$42K
FY2025▲ +21%
Total assets
$656K
FY2025▲ +8%
Total liabilities
$0
FY2025
Total revenue
$93K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$656K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$656K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CM C C Educational Foundation
EINHdr · item D38-2888820
Principal addressHdr · item CScottville, MI
WebsiteHdr · item Jmccedfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2No

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
Co Vice-President
$0Pt VII · Sec A
Co Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $34K of program spending, described in the organization's own filed words · FY2024.
01

Scholarships given to graduating Mason County Central students for post-secondary education as follows: Wren Nelson-$1,500, Madison Vernier-$500, Jonah Padgett-$250, Isabella Dotson-$750, Logan Kibbey-$250, Aylen Davila-$250, Riley Mast-$500, Emily Adams-$250, Ava Brooks-$500, Brayden Overmyer-$750, Reaghan Brooks-$500, Katie…

$19Kprogram expense
02

Mini grants awarded to teachers to cover such items as classroom special project supplies, district art show and district book vending machines accessed by our elementary students.

$13Kprogram expense
03

Contribution to district summer rec program for supplies.

$2Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$46K · 50%
Investment income$37K · 39%
Other revenue$10K · 11%
Contributions & grants50%$46K
Investment income39%$37K
Other revenue11%$10K
Total revenueLn 12$93K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$38K
Management & general11%$5K
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$656K
Total assetsLn 16$656K
Total liabilitiesLn 26$0
Total net assetsLn 32$656K
Months of cash on handcomputed185.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $656K · Operating expenses/yr $42K
185.8 months
Where the money goes
Program services
Program services $38K · Total expenses $42K
89%
Management & General
Management & general $5K · Total expenses $42K
11%
Fundraising
Fundraising $0 · Total expenses $42K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $28K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $93K
50%
Government reliance
Government grants — · Total revenue $93K
Earned-income share
Program service revenue $0 · Total revenue $93K
0%
Investment reliance
Investment income $37K · Total revenue $93K
+39%
Program self-sufficiency
Program service revenue $0 · Total expenses $42K
0%
Growth & trend
Revenue growth (YoY)
This year $93K · Prior year $126K
-26%
Revenue CAGR
FY2020 $189K · FY2024 $93K
-16%
Net-asset trend (YoY)
End of year $656K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $93K · Expenses $42K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $656K
Net-asset ratio
Net assets $656K · Total assets $656K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $656K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marcie McCloskey · Reported title President · Highest reported compensation $0 · Total expenses $42K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $42K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -26%

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 · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 10 grants · $107K · 2020–2024
Unitemized GrantFY2024$18,845
Unitemized GrantFY2024$12,621
Unitemized GrantFY2024$2,500
Unitemized GrantFY2023$18,500
Unitemized GrantFY2023$9,329
Unitemized GrantFY2023$1,347
Unitemized GrantFY2022$13,000
Unitemized GrantFY2022$8,094
Unitemized GrantFY2022$7,336
Unitemized GrantFY2020$15,911

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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)$93K revenue · viewing · ⤓ 990 PDF
FY2024$126K revenue · ⤓ 990 PDF
FY2023$68K revenue · ⤓ 990 PDF
FY2022$65K revenue · ⤓ 990 PDF
FY2021$189K 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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