Sc4 Foundation FY2023 filing

Port Huron, MI · Public charity (501(c)(3)) · Colleges & Universities

✓ Tax-deductible Latest data FY2023
Revenue
$11K
▼ -98% vs prior year
Spent
$450K
To programs
88%
Net assets
$7.2M
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2023 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Community Foundation for Southeast Michigan
$62K in the latest grant year.
Spent on programs?
88% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -98% vs prior year
Legal name (IRS)Hdr · item CSc4 Foundation
EINHdr · item D38-6083677
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1964
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPort Huron, MI
NTEE classificationIRS BMFColleges & Universities (B41I)
WebsiteHdr · item Jwww.sc4.edu

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$398K
Management & general9%$39K
Fundraising3%$13K
Total functional expensesLn 25$450K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$11K
FY2023▼ -98%
Expenses
$450K
FY2023▲ +46%
Program efficiency
88%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3928%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$7.5M
FY2023▲ +8%
Total liabilities
$256K
FY2023▲ +61%
Revenue less expensesPt I · Ln 19−$439K
Total assetsPt X · Ln 16$7.5M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$7.5M
Total liabilitiesLn 26$256K
Total net assetsLn 32$7.2M
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Contributions & grants100%$11K
Total revenueLn 12$11K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $450K
0.6 months
Where the money goes
Program services
Program services $398K · Total expenses $450K
88%
Management & General
Management & general $39K · Total expenses $450K
9%
Fundraising
Fundraising $13K · Total expenses $450K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $191K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $11K
100%
Government reliance
Government grants — · Total revenue $11K
—
Earned-income share
Program service revenue $0 · Total revenue $11K
0%
Investment reliance
Investment income $0 · Total revenue $11K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $450K
0%
Growth & trend
Revenue growth (YoY)
This year $11K · Prior year $560K
-98%
Net-asset trend (YoY)
End of year $7.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11K · Expenses $450K
-3928%
Liabilities-to-Assets
Total liabilities — · Total assets $7.5M
—
Net-asset ratio
Net assets $7.2M · Total assets $7.5M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.5M
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 $450K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $450K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 9%——
Fundraising cost ratio 118%——
Revenue growth -98%——
Accounting fee ratio 3%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 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
See Sc4 Foundation executive salaries →

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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

Mission and programs

Funds scholarships and projects for St. Clair County Community College.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $398K of program spending, described in the organization's own filed words · FY2022.
01

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

$356Kprogram expense
02

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

$41Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
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

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $9K$229K-63% 990 PDF
FY2024 $23K$456K+109% 990 PDF
FY2023 Viewing $11K$450K-98% 990 PDF
FY2022 $560K$309K×181 990 PDF
FY2021 $3K$317K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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