Supports student learning, creativity, and community involvement in post-secondary education.
For fiscal year 2024 it reported $738K in revenue, $542K in expenses, and $497K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$738K
Pt VIII · Ln 12
Total expenses
$542K
Pt IX · Ln 25
Net assets
$497K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $196K
Where spending went · Part IX cols B–D
52%
48%
Program services $0.52 Management & general $0.48
Program efficiency
52%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
20.6mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ ×12 vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$738K
FY2024▲ +15%
$782K$391K$0
FY2020FY2024
Expenses
$542K
FY2024▼ -13%
$841K$421K$0
FY2020FY2024
Total assets
$843K
FY2024▼ -1%
$1.0M$519K$0
FY2020FY2024
Total liabilities
$345K
FY2024▼ -37%
$892K$446K$0
FY2020FY2024
Total revenue
$738K
Pt VIII · Ln 12
Total expenses
$542K
Pt IX · Ln 25
Net assets
$497K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$196K
Total assetsPt X · Ln 16$843K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III
Where the work happens
3 program services account for $218K of program spending, described in the organization's own filed words · FY2024.
01
Improving Access to Post-Secondary Education To ensure the Mapleton students can access post-secondary programs - including vocational programs, two-year programs, and four-year programs - the Foundation provides two and four year scholarships to approximately thirty students each year.
$158Kprogram expense
02
Wolverine Welcome Back The annual Wolverine Welcome Back to School events supports over 1,200 students by proving backpacks stuffed with school supplies. Community partners make this possible every year through generous donations of school supplies.
$33Kprogram expense
03
Encouraging Creativity Innovation in the Classroom The Marchi Mini Grant program provides funding for teachers to implement innovative, standards-based, hands-on learning opportunities in their classrooms.
Christopher Byrd’s $126K as Co Executive
is at the 92nd percentile of top reported officer pay among 1616 $100K–1M education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Phyliss Berti · Reported title Treasurer · Highest reported compensation $0 · Total expenses $542K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $542K
0%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
52%
—
—
Overhead ratio
48%
—
—
Revenue growth
15%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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