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Scheb Foundation EIN 87-0987503

Scheb Foundation

EIN  87-0987503 Private foundation / grantmaker Ada, MI
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Size
$100K–1M
What they do
A private foundation based in Ada, MI. It reported about $471K in revenue for 2025.
Leadership
William Muir · Chair/President
Money in and out
$471K revenue, $519K expenses
Bottom line
—

A private foundation based in Ada, MI. It reported about $471K in revenue for 2025. For fiscal year 2025 it reported $471K in revenue, $519K in expenses, and $8.2M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$471K
Pt VIII · Ln 12
Total expenses
$519K
Pt IX · Ln 25
Net assets
$8.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Total assets
8.2M
deployed as grants and operations
Grants paid
440K
in FY2025
Grants made
24grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $440K · 2025–2025
Faith Evangelical Free ChurchFY2025$85,000
Yahweh Warrior Lodge INCFY2025$75,000
Hope CollegeFY2025$60,000
Alpha Grand RapidsFY2025$35,000
Rooahk FilmsFY2025$25,000
Wedgwood Christian ServicesFY2025$20,000
Fort WildnernessFY2025$20,000
Calvary ChurchFY2025$20,000
The Ladder Community CenterFY2025$15,000
Calvin UniversityFY2025$15,000
Nath - Frederick PlaceFY2025$9,000
Faith Christian Church Campus MinistryFY2025$6,000
Benjamin's HopeFY2025$5,000
The Salt NetworkFY2025$5,000
Samaritans PurseFY2025$5,000
New Dawn Pregnancy Resource CenterFY2025$5,000
Mary Free Bed FoundationFY2025$5,000
Kelly Brush FoundationFY2025$5,000
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$18K
Median grantPart XV$6K
Largest grantPart XV$85K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$471K
FY2025▲ +11%
Expenses
$519K
FY2025▲ +4%
Total assets
$8.2M
FY2025▼ -1%
Total liabilities
$0
FY2025
Total revenue
$471K
Pt VIII · Ln 12
Total expenses
$519K
Pt IX · Ln 25
Net assets
$8.2M
Pt X · Ln 32
Total assetsPt II$8.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CScheb Foundation
EINHdr · item D87-0987503
Principal addressHdr · item CAda, MI
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
William Muir
Chair/President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Scheb Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$471K
Total revenueLn 12$471K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.85 Operating & administrative $0.15
Grants & contributions paid85%$440K
Operating & administrative15%$79K
Total functional expensesLn 25$519K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$8.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$8.2M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $8.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $471K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $471K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $471K · Prior year $424K
+11%
Net-asset trend (YoY)
End of year $8.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $471K · Expenses $519K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $8.2M
—
Net-asset ratio
Net assets $8.2M · Total assets $8.2M
100%
People & payroll
Highest Reported Total Compensation
Individual William Muir · Reported title CHAIR/PRESIDENT · Highest reported compensation $0 · Total expenses $519K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 11%——

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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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)$471K revenue · viewing · ⤓ 990 PDF
FY2024$424K revenue · ⤓ 990 PDF
FY2023$243K revenue · ⤓ 990 PDF
FY2022$9.0M revenue · ⤓ 990 PDF
FY2021$0 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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