Civic Intelligence

Davison Educational Foundation

990 • Fiscal year 2021 • EIN 06-1823452

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 01, 2022

Organization Profile
1490 North Oak RoadDavison, MI 48423

(810) 658-0070

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

38th percentile

4.3%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

13%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,598,278

Up $66,139 (+4.3%) from 2020

Net Assets

Up

$1,598,278

Up $66,139 (+4.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin78th percentile

Revenue

Up

$80,430

Up $9,221 (+13%) from 2020

Expenses

Up

$52,277

Up $30,087 (+136%) from 2020

Net Income

Down

$28,153

Down $20,866 (-43%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,400,665Liabilities 2011: $0Net Assets 2011: $1,400,6652011Assets 2012: $1,409,248Liabilities 2012: $0Net Assets 2012: $1,409,2482012Assets 2013: $1,440,773Liabilities 2013: $0Net Assets 2013: $1,440,7732013Assets 2014: $1,456,274Liabilities 2014: $0Net Assets 2014: $1,456,2742014Assets 2015: $1,465,973Liabilities 2015: $0Net Assets 2015: $1,465,9732015Assets 2016: $1,443,352Liabilities 2016: $0Net Assets 2016: $1,443,3522016Assets 2017: $1,456,401Liabilities 2017: $0Net Assets 2017: $1,456,4012017Assets 2018: $1,455,007Liabilities 2018: $0Net Assets 2018: $1,455,0072018Assets 2019: $1,483,120Liabilities 2019: $0Net Assets 2019: $1,483,1202019Assets 2020: $1,532,139Liabilities 2020: $0Net Assets 2020: $1,532,1392020Assets 2021: $1,598,278Liabilities 2021: $0Net Assets 2021: $1,598,2782021Assets 2022: $1,627,577Liabilities 2022: $0Net Assets 2022: $1,627,5772022Assets 2023: $1,637,502Liabilities 2023: $0Net Assets 2023: $1,637,5022023Assets 2024: $1,699,644Liabilities 2024: $0Net Assets 2024: $1,699,6442024

Highlighted filing

2021

Assets$1,598,278
Liabilities$0
Net Assets$1,598,278
Open 2021 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $113,085Expenses 2011: $83,258Net Income 2011: $29,8272011Revenue 2012: $80,323Expenses 2012: $71,740Net Income 2012: $8,5832012Revenue 2013: $92,861Expenses 2013: $61,336Net Income 2013: $31,5252013Revenue 2014: $117,103Expenses 2014: $101,602Net Income 2014: $15,5012014Revenue 2015: $108,760Expenses 2015: $99,061Net Income 2015: $9,6992015Revenue 2016: $75,598Expenses 2016: $98,219Net Income 2016: -$22,6212016Revenue 2017: $102,674Expenses 2017: $89,625Net Income 2017: $13,0492017Revenue 2018: $86,834Expenses 2018: $88,228Net Income 2018: -$1,3942018Revenue 2019: $108,531Expenses 2019: $80,418Net Income 2019: $28,1132019Revenue 2020: $71,209Expenses 2020: $22,190Net Income 2020: $49,0192020Revenue 2021: $80,430Expenses 2021: $52,277Net Income 2021: $28,1532021Revenue 2022: $91,613Expenses 2022: $62,314Net Income 2022: $29,2992022Revenue 2023: $86,746Expenses 2023: $76,821Net Income 2023: $9,9252023Revenue 2024: $130,489Expenses 2024: $68,347Net Income 2024: $62,1422024

Highlighted filing

2021

Revenue$80,430
Expenses$52,277
Net Income$28,153
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 1, 2022
Return Version
2021v4.0
Gross Receipts
$569,705
Mission and Program Overview

Mission

The foundation's purpose is to accumulate assets and expend them in support of various activities of davison community schools such as teacher mini- grants, professional scholarships and support of other miscellaneous programs of the schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,463,877$1,533,762▲ $69,885
Cash and Non-Interest-Bearing Accounts$68,262$64,516▼ $3,746
Total Assets$1,532,139$1,598,278▲ $66,139
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,532,139$1,598,278▲ $66,139
Total Net Assets Fund Balance$1,532,139$1,598,278▲ $66,139
Total Liabilities and Net Assets / Fund Balance$1,532,139$1,598,278▲ $66,139
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Todd FergusonPresident
Diane RhinesBoard Member
Carol DowsettTrustee
LORI O'BRIENTrustee
Michelle EdwardsSecretary
Kevin BrownSuperintende
Kurtis MamahanTreasurer
Lori TallmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$18,014
Program Service Revenue
$0
Investment Income
$62,416
Other Revenue
$0
All Other Contributions
$18,014
Change in Net Assets
$28,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,644
Grants and Similar Amounts Paid$20,633
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,633--$20,633
Fees for Service Investment Mgmnt Fees-$9,885-$9,885
Other Expenses$4,807--$4,807
Fees for Services Accounting-$3,600-$3,600
Insurance-$622-$622
Total Functional Expenses$38,170$14,107$0$52,277
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davison Community SchoolsDavison, MIGovVarious Support$20,633
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Prior to submission, the governing board will review a copy of form 990.”

Form 990, Page 6, Part VI, Line 12C

“If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Davison Educational Foundation
EIN
06-1823452
Address
1490 NORTH OAK ROAD, DAVISON, MI 48423

Signing Officer

Name
Todd Ferguson
Title
President
Phone
8105910805
Signed
2022-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Ferguson
Formed
2007
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Yeo & Yeo Pc
Address
4468 OAK BRIDGE DR, FLINT, MI 48532-5422
Preparer
Jacob Sopczynski
Phone
8107323000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation's purpose is to accumulate assets and expend them in support of various activities of davison community schools such as teacher mini- grants, professional scholarships and support of other miscellaneous programs of the schools.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE FOUNDATION'S PURPOSE IS TO ACCUMULATE ASSETS AND EXPEND THEM IN SUPPORT OF VARIOUS ACTIVITIES OF DAVISON COMMUNITY SCHOOLS SUCH AS TEACHER MINI- GRANTS, PROFESSIONAL SCHOLARSHIPS AND SUPPORT OF OTHER MISCELLANEOUS PROGRAMS OF THE SCHOOLS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE DAVISON EDUCATIONAL FOUNDATION SUPPORTS DAVISON COMMUNITY SCHOOLS WHICH IS A GOVERNMENTAL ENTITY, WHICH ARE NOT REQUIRED TO HAVE AN EXEMPTION LETTER.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION'S BOARD INCLUDES THE SUPERINTENDENT OF DAVISON COMMUNITY SCHOOLS ALONG WITH ONE OF DAVISON COMMUNITY SCHOOL'S BOARD MEMBERS. THESE TWO INDIVIDUALS HAVE A SIGNIFICANT ROLE IN DETERMINING HOW THE FOUNDATION'S FUNDS ARE INVESTED AND DISTRIBUTED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION MANAGES FUNDS RECEIVED FROM ENDOWMENTS, GIFTS, EMPLOYEE PAYROLL DEDUCTIONS AND ANNUAL FUNDRAISERS TO BE USED TO PROVIDE FUNDING TO ENRICH AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR DAVISON COMMMUNITY SCHOOLS STUDENTS. WITHOUT THE FOUNDATION, DAVISON COMMUNITY SCHOOLS WOULD HAVE TO TAKE ON THE TASK OF ADMINISTERING THE FUNDS RECEIVED AND CURRENT INVESTMENTS HELD.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1C
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IRS990ScheduleI/RecipientTable/CashGrantAmt020633
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR STUDENT SCHOLARSHIPS, THE FOUNDATION ENGAGES THE DAVISON COMMUNITY SCHOOLS GUIDANCE OFFICE FOR ASSISTANCE. THE FOUNDATION DETERMINES THE AMOUNT AND NUMBER OF SCHOLARSHIPS THAT CAN BE GRANTED. THE GUIDANCE OFFICE THEN REVIEWS APPLICATIONS, THE APPLICANT'S GRADES, ATTENDANCE RECORD, AND WHETHER THEY HAVE BEEN ACCEPTED INTO A POST-SECONDARY INSTITUTION. ALL OF THESE FACTORS ARE CONSIDERED WHEN AWARDING A SCHOLARSHIP. THE GUIDANCE OFFICE MAINTAINS DOCUMENTATION ON ALL OF THIS. FOR ANY MINI-GRANTS AWARDED, THE FOUNDATION PLAYS AN INTEGRAL PART. THE FOUNDATION CREATES A SPECIAL BOARD COMPRISED OF EX-EDUCATORS (WHO ARE FORMER EMPLOYEES OF THE DAVISION SCHOOL DISTRICT), COMMUNITY MEMBERS, AND A FEW FOUNDATION MEMBERS. PRIOR THE END OF THE SCHOOL YEAR, A NOTICE GOES OUT TO TEACHERS ASKING FOR MINI-GRANT APPLICATIONS. AFTER THE DEFINED CUT-OFF DATE, THE SPECIAL BOARD MEETS AND REVIEWS EVERY SINGLE APPLICATION RECEIVED. ALL GRANTS THAT MEET THE CRITERIA ARE CONSIDERED AND THE BOARD ATTEMPTS TO RANK THEIR PREFERENCES. WHILE THE BOARD HAS THE DISCRETION TO SELECT WHICH GRANT APPLICATIONS ARE THEIR FAVORIT, THEY ALSO TAKEN INTO CONSIDERATION WHICH MINI-GRANT WILL HAVE THE LARGEST IMPACT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PURPOSE IS TO ACCUMULATE ASSETS AND EXPEND THEM IN SUPPORT OF VARIOUS ACTIVITIES OF DAVISON COMMUNITY SCHOOLS SUCH AS TEACHER MINI- GRANTS, PROFESSIONAL SCHOLARSHIPS AND SUPPORT OF OTHER MISCELLANEOUS PROGRAMS OF THE SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO SUBMISSION, THE GOVERNING BOARD WILL REVIEW A COPY OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014107
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038170
IRS990/TotalFunctionalExpensesGrp/TotalAmt052277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt038170
IRS990/TotalRevenueGrp/ExclusionAmt055865
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06551
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080430
IRS990/TotalVolunteersCnt08
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01598278
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0118 W FLINT ST
IRS990/USAddress/CityNm0DAVISON
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TODD FERGUSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08105910805
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVISON EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
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ReturnHeader/Filer/USAddress/AddressLine1Txt01490 NORTH OAK ROAD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04468 OAK BRIDGE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0485325422
ReturnHeader/PreparerPersonGrp/PhoneNum08107323000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACOB SOPCZYNSKI
ReturnHeader/ReturnTs02022-06-03T12:33:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TODD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FERGUSON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,598,278
Liabilities
$0
Net assets
$1,598,278
Revenue
$80,430
Expenses
$52,277
Net income
$28,153
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.00$1.70$0.13$0.07$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.09$0.08$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$0.09$0.06$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.08$0.05$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.00$1.53$0.07$0.02$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.11$0.08$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.09$0.09$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.10$0.09$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.08$0.10$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.11$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.12$0.10$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.09$0.06$0.03
2012Summary only. Only limited summary data is available for this year.$1.41$0.00$1.41$0.08$0.07$0.01
2011Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.11$0.08$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits