Civic Intelligence

Livonia Public Schools Foundation Inc.

990 • Fiscal year 2018 • EIN 20-1085968

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 14, 2018

Organization ProfileWWW.LPSFOUNDATION.ORG
15125 Farmington RdLivonia, MI 48154

(734) 744-2510

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$947,522

Up $111,900 (+13%) from 2017

Net Assets

Up

$947,522

Up $111,900 (+13%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin93rd percentile

Revenue

Up

$134,436

Up $25,714 (+24%) from 2017

Expenses

Up

$59,091

Up $6,535 (+12%) from 2017

Net Income

Up

$75,345

Up $19,179 (+34%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $513,032Liabilities 2012: $70,620Net Assets 2012: $442,4122012Assets 2013: $599,391Liabilities 2013: $0Net Assets 2013: $599,3912013Assets 2014: $656,658Liabilities 2014: $0Net Assets 2014: $656,6582014Assets 2015: $706,763Liabilities 2015: $0Net Assets 2015: $706,7632015Assets 2016: $742,751Liabilities 2016: $0Net Assets 2016: $742,7512016Assets 2017: $835,622Liabilities 2017: $0Net Assets 2017: $835,6222017Assets 2018: $947,522Liabilities 2018: $0Net Assets 2018: $947,5222018Assets 2019: $1,049,487Liabilities 2019: $0Net Assets 2019: $1,049,4872019Assets 2020: $1,153,868Liabilities 2020: $0Net Assets 2020: $1,153,8682020Assets 2021: $574,027Liabilities 2021: $0Net Assets 2021: $574,0272021Assets 2022: $549,217Liabilities 2022: $0Net Assets 2022: $549,2172022Assets 2023: $1,285,136Liabilities 2023: $2,525Net Assets 2023: $1,282,6112023Assets 2024: $1,407,510Liabilities 2024: $1,004Net Assets 2024: $1,406,5062024Assets 2025: $1,523,107Liabilities 2025: $4,017Net Assets 2025: $1,519,0902025

Highlighted filing

2018

Assets$947,522
Liabilities$0
Net Assets$947,522
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

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

$200K$100K$0-$100KRevenue 2012: $107,905Expenses 2012: $9,033Net Income 2012: $98,8722012Expenses 2013: $7,3932013Revenue 2014: $88,164Expenses 2014: $44,857Net Income 2014: $43,3072014Revenue 2015: $108,080Expenses 2015: $48,313Net Income 2015: $59,7672015Revenue 2016: $117,656Expenses 2016: $50,313Net Income 2016: $67,3432016Revenue 2017: $108,722Expenses 2017: $52,556Net Income 2017: $56,1662017Revenue 2018: $134,436Expenses 2018: $59,091Net Income 2018: $75,3452018Revenue 2019: $130,938Expenses 2019: $42,424Net Income 2019: $88,5142019Revenue 2020: $176,748Expenses 2020: $72,368Net Income 2020: $104,3802020Revenue 2021: $115,213Expenses 2021: $73,309Net Income 2021: $41,9042021Revenue 2022: $85,270Expenses 2022: $159,450Net Income 2022: -$74,1802022Revenue 2023: $118,401Expenses 2023: $120,126Net Income 2023: -$1,7252023Revenue 2024: $130,663Expenses 2024: $138,445Net Income 2024: -$7,7822024Revenue 2025: $136,977Expenses 2025: $139,220Net Income 2025: -$2,2432025

Highlighted filing

2018

Revenue$134,436
Expenses$59,091
Net Income$75,345
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 14, 2018
Return Version
2017v2.3
Gross Receipts
$147,902
Mission and Program Overview

Mission

To provide resources for the enrichment of students in the livonia public schools district and contributing to the establishement of college savings programs.

To provide resources for the enrichment of students in the livonia public schools district; and contributing to the establishment of college savings programs for students entering kindergarten, while educating parents on the benefits of college savings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$404,474$455,344▲ $50,870
Investments Program Related$311,007$377,624▲ $66,617
Savings and Temporary Cash Investments$118,585$101,267▼ $17,318
Investments Other Securities-$12,661-
Cash and Non-Interest-Bearing Accounts$1,556$626▼ $930
Total Assets$835,622$947,522▲ $111,900
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$524,615$569,898▲ $45,283
Temporarily Rstr Net Assets$311,007$377,624▲ $66,617
Total Net Assets Fund Balance$835,622$947,522▲ $111,900
Total Liabilities and Net Assets / Fund Balance$835,622$947,522▲ $111,900

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$377,624--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Diane R PolicelliPresident
Cathy CondonDirector
Jill WozniakDirector
Liz JarvisDirector
Paul CondonDirector
Randy LiepaDirector
Randy RoulierDirector
Ron KulczyckiDirectors
Mark JohnsonLps Board Pr
Jay YoungCo-secretary
Lorna DurandCo-secretary
Andrea OquistSuperintende
Ernest NataliniTreasurer
Lynda ScheelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$124,371
Program Service Revenue
$0
Investment Income
$23,531
Other Revenue
$-13,466
All Other Contributions
$101,465
Change in Net Assets
$75,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$46,000
Other Expenses$13,091
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$46,000--$46,000
Fees for Service Investment Mgmnt Fees$4,531--$4,531
Fees for Services Accounting-$3,000-$3,000
Office Expenses-$2,066-$2,066
Insurance-$1,000-$1,000
Information Technology-$524-$524
Other Expenses-$24-$24
Total Functional Expenses$50,531$8,560$0$59,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,466
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$14,525---
Back to School$8,381---
Total Events$22,906-$13,466$-13,466
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
Yes
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
No
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

“Form 990 is made available in the office for all directors and officers for review prior to submission. A written notice was sent to each director and officer informing them of this availability.”

Form 990, Page 6, Part VI, Line 19

“An annual report is prepared and made available on the foundation website. All governing documents, policies, and reports are available to the public in the foundation office, as requested.”

Filing and Contact Details

Filer

Filer Name
Livonia Public Schools Foundation
EIN
20-1085968
Phone
7347442510
Address
15125 FARMINGTON RD, LIVONIA, MI 48154

Signing Officer

Name
Diane R Policelli
Title
President
Phone
7347442510
Signed
2018-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane R Policelli
Formed
2004
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
75

Preparer

Firm
COLE NEWTON & DURAN CPA'S
Address
33762 SCHOOLCRAFT RD, LIVONIA, MI 48150-1506
Preparer
Michael G Thomas CPA
Phone
7344272030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide resources for the enrichment of students in the livonia public schools district; and contributing to the establishment of college savings programs for the students entering kindergarten, while educating the parents on the benefits of college savings.”

Form 990, Part XI, Line 9

“Fundraising expense 13,466 fundraising expense -13,466”

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has analyzed the tax positions taken by the foundation and has concluded that as of june 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SECTION 529 ACCOUNTS FOR STUDENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt046000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHERS GRANTS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS PROGRAM OFFERS A DONATION OF 100 TO EACH KINDERGARTEN STUDENT IN THE LIVONIA PUBLIC SCHOOL DISTRICT THROUGH A 529 COLLEGE SAVINGS PROGRAM WITH PARENTS PERMISSION TO HELP PAY FOR THE COST OF THE STUDENT'S COLLEGE EDUCATION. ONCE THE STUDENT GRADUATES FROM LIVONIA PUBLIC SCHOOLS, THE VALUE OF THE MESP ACCOUNT FOR THAT KINDERGARTEN CLASS YEAR, INCLUDING INTEREST EARNED ON THE ACCOUNTS, IS DIVIDED AMONG ELIGIBLE STUDENTS AND DISTRIBUTED TO HELP PAY COLLEGE COSTS FOR STUDENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE RESOURCES FOR THE ENRICHMENT OF STUDENTS IN THE LIVONIA PUBLIC SCHOOLS DISTRICT; AND CONTRIBUTING TO THE ESTABLISHMENT OF COLLEGE SAVINGS PROGRAMS FOR THE STUDENTS ENTERING KINDERGARTEN, WHILE EDUCATING THE PARENTS ON THE BENEFITS OF COLLEGE SAVINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS MADE AVAILABLE IN THE OFFICE FOR ALL DIRECTORS AND OFFICERS FOR REVIEW PRIOR TO SUBMISSION. A WRITTEN NOTICE WAS SENT TO EACH DIRECTOR AND OFFICER INFORMING THEM OF THIS AVAILABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL REPORT IS PREPARED AND MADE AVAILABLE ON THE FOUNDATION WEBSITE. ALL GOVERNING DOCUMENTS, POLICIES, AND REPORTS ARE AVAILABLE TO THE PUBLIC IN THE FOUNDATION OFFICE, AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSE 13,466 FUNDRAISING EXPENSE -13,466
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE R POLICELLI
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIVONIA PUBLIC SCHOOLS FOUNDATION
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$947,522
Liabilities
$0
Net assets
$947,522
Revenue
$134,436
Expenses
$59,091
Net income
$75,345
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.14$0.14$0.00
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.13$0.14$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.28$0.12$0.12$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.09$0.16$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.12$0.07$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.18$0.07$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.13$0.04$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.13$0.06$0.08
2017Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.11$0.05$0.06
2016Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$0.12$0.05$0.07
2015Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.11$0.05$0.06
2014Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.09$0.04$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.01
2012Summary only. Only limited summary data is available for this year.$0.51$0.07$0.44$0.11$0.01$0.10