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Sc4 Foundation EIN 38-6083677 Form 990 (PDF) Claim this org

Sc4 Foundation FY2022 filing

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Funds scholarships and projects for St. Clair County Community College. For fiscal year 2022 it reported $560K in revenue, $309K in expenses, and $6.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Colleges & Universities
Location
Port Huron, MI
Website
www.sc4.edu
Filings
5 on file (2021–2022)
Revenue
$560KFY2022
Expenses
$309K
Net assets
$6.8M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-6083677 Public charity (501(c)(3)) Port Huron, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Funds scholarships and projects for St. Clair County Community College.
Leadership
Timothy M Ward · Trustee
Money in and out
$560K revenue, $309K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$6.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $251K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.16 Fundraising $0.04
Program efficiency
80%
of spending reaches programs
Surplus margin
+45%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$560K
FY2022▲ ×181
Expenses
$309K
FY2022▼ -3%
Total assets
$6.9M
FY2022▼ -10%
Total liabilities
$159K
FY2022▲ +11%
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$6.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$251K
Total assetsPt X · Ln 16$6.9M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

2 program services account for $248K of program spending, described in the organization's own filed words · FY2021.
01

Scholarships awarded to students attending ST. Clair county community college.

$210Kprogram expense
02

Grant awarded to ST. Clair county community college for capital and special projects.

$38Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSc4 Foundation
EINHdr · item D38-6083677
Principal addressHdr · item CPort Huron, MI
WebsiteHdr · item Jwww.sc4.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B41I)
Ruling yearIRS BMFJun 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$560K
Total revenueLn 12$560K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.16 Fundraising $0.04
Program services80%$248K
Management & general16%$48K
Fundraising4%$13K
Total functional expensesLn 25$309K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$6.9M
Total liabilitiesLn 26$159K
Total net assetsLn 32$6.8M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses (Pt IX) $309K · Less non-cash grants $436K · Cash operating expenses/yr $-127K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $248K · Total expenses $309K
80%
Management & General
Management & general $48K · Total expenses $309K
16%
Fundraising
Fundraising $13K · Total expenses $309K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $9K · Solicited contributions (2-yr avg) $281K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $560K · Total revenue $560K
100%
Government reliance
Government grants — · Total revenue $560K
—
Earned-income share
Program service revenue $0 · Total revenue $560K
0%
Investment reliance
Investment income $0 · Total revenue $560K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $309K
0%
Growth & trend
Revenue growth (YoY)
This year $560K · Prior year $3K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $6.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $560K · Expenses $309K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $6.9M
—
Net-asset ratio
Net assets $6.8M · Total assets $6.9M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy M Ward · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $309K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $309K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 16%——
Fundraising cost ratio 2%——
Revenue growth ×181——
Accounting fee ratio 4%——

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
Community Foundation for Southeast MichiganFY2024$50K
Community Foundation of St Clair CountyFY2024$12K
Total grants receivedfrom 2 funders$62K
Grants paid · 10 grants · $1.3M · 2020–2024
St Clair County Community CollegeFY2024$82,009
Unitemized GrantFY2024$46,081
Unitemized GrantFY2023$317,968
St Clair County Community CollegeFY2023$43,950
Unitemized GrantFY2022$321,101
St Clair County Community CollegeFY2022$41,246
Unitemized GrantFY2021$177,022
St Clair County Community CollegeFY2021$37,686
Unitemized GrantFY2020$179,786
St Clair County Community CollegeFY2020$51,234

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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)$9K revenue · ⤓ 990 PDF
FY2024$23K revenue · ⤓ 990 PDF
FY2023$11K revenue · ⤓ 990 PDF
FY2022$560K revenue · viewing · ⤓ 990 PDF
FY2021$3K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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