Civic Intelligence

First Day Shoe Fund

990 • Fiscal year 2022 • EIN 20-4881364

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 31, 2023

5416 Meredith StPortage, MI 49002

(269) 271-5527

Siviq Scores

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

Liabilities / Assets

60th percentile

0.05x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.06x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$66,358

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

90th percentile

69%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

110%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$502,686

Up $205,513 (+69%) from 2021

Net Assets

Up

$476,829

Up $181,675 (+62%) from 2021

Liabilities

Up

$25,857

Up $23,838 (+1181%) from 2021

Revenue

Up

$434,035

Up $227,539 (+110%) from 2021

Expenses

Up

$252,360

Up $92,569 (+58%) from 2021

Net Income

Up

$181,675

Up $134,970 (+289%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $11,983Net Assets 2010: $11,9832010Assets 2011: $14,808Net Assets 2011: $14,8082011Assets 2012: $36,467Liabilities 2012: $1,226Net Assets 2012: $35,2412012Assets 2013: $51,051Liabilities 2013: $1,786Net Assets 2013: $49,2652013Assets 2014: $71,684Liabilities 2014: $1,274Net Assets 2014: $70,4102014Assets 2015: $88,394Liabilities 2015: $2,019Net Assets 2015: $86,3752015Assets 2016: $110,599Liabilities 2016: $3,494Net Assets 2016: $107,1052016Assets 2017: $131,776Liabilities 2017: $2,971Net Assets 2017: $128,8052017Assets 2018: $158,221Liabilities 2018: $2,787Net Assets 2018: $155,4342018Assets 2019: $203,854Liabilities 2019: $2,436Net Assets 2019: $201,4182019Assets 2020: $251,681Liabilities 2020: $3,232Net Assets 2020: $248,4492020Assets 2021: $297,173Liabilities 2021: $2,019Net Assets 2021: $295,1542021Assets 2022: $502,686Liabilities 2022: $25,857Net Assets 2022: $476,8292022Assets 2023: $724,710Liabilities 2023: $139,152Net Assets 2023: $585,5582023Assets 2024: $916,305Liabilities 2024: $132,044Net Assets 2024: $784,2612024

Highlighted filing

2022

Assets$502,686
Liabilities$25,857
Net Assets$476,829

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2010: $26,276Expenses 2010: $23,522Net Income 2010: $2,7542010Revenue 2011: $30,192Expenses 2011: $27,367Net Income 2011: $2,8252011Revenue 2012: $58,503Expenses 2012: $38,070Net Income 2012: $20,4332012Revenue 2013: $77,231Expenses 2013: $63,207Net Income 2013: $14,0242013Revenue 2014: $72,661Expenses 2014: $51,516Net Income 2014: $21,1452014Revenue 2015: $96,481Expenses 2015: $80,516Net Income 2015: $15,9652015Revenue 2016: $108,379Expenses 2016: $87,649Net Income 2016: $20,7302016Revenue 2017: $128,838Expenses 2017: $107,138Net Income 2017: $21,7002017Revenue 2018: $158,869Expenses 2018: $132,240Net Income 2018: $26,6292018Revenue 2019: $185,001Expenses 2019: $139,017Net Income 2019: $45,9842019Revenue 2020: $172,804Expenses 2020: $125,773Net Income 2020: $47,0312020Revenue 2021: $206,496Expenses 2021: $159,791Net Income 2021: $46,7052021Revenue 2022: $434,035Expenses 2022: $252,360Net Income 2022: $181,6752022Revenue 2023: $467,768Expenses 2023: $359,039Net Income 2023: $108,7292023Revenue 2024: $685,918Expenses 2024: $487,215Net Income 2024: $198,7032024

Highlighted filing

2022

Revenue$434,035
Expenses$252,360
Net Income$181,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 31, 2023
Return Version
2022v5.0
Gross Receipts
$436,535
Mission and Program Overview

Mission

We believe that all children should start school on equal footing.

First day shoe fund provides new athletic shoes to students at kalamazoo county public elementary schools at no cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$295,600$462,948▲ $167,348
Land, Buildings, and Equipment, Net$1,275$10,716▲ $9,441
Prepaid Expenses and Deferred Charges$298$7,616▲ $7,318
Total Assets$297,173$502,686▲ $205,513
Other Assets Total-$21,406-
Liabilities
Other Liabilities$2,019$25,857▲ $23,838
Total Liabilities$2,019$25,857▲ $23,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$295,154$476,829▲ $181,675
Total Net Assets Fund Balance$295,154$476,829▲ $181,675
Total Liabilities and Net Assets / Fund Balance$297,173$502,686▲ $205,513
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maggie HeskethExecutive DiFT$65,000$1,358$66,358

Board Members and Trustees

NameTitle
Leatrice FullertonPresident
Jason HeystekBoard Member
Josie RichardsBoard Member
Liz SemaanBoard Member
Lynn ChioBoard Member
Stacy JacksonBoard Member
Steve DavisBoard Member
Surangi PradhamBoard Member
Tim RaymanBoard Member
Viccarly CastellanosBoard Member
Christa MolterPast Secreta
Lynn Kelly-albertsonSecretary
Allison BirminghamTreasurer
Doug PearceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$419,748
Program Service Revenue
$0
Investment Income
$805
Other Revenue
$13,482
All Other Contributions
$412,790
Change in Net Assets
$181,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,971
Salaries, Compensation, and Employee Benefits$80,389
Total Fundraising Expense$8,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,000$9,750$3,250$65,000
Occupancy$9,434$6,732$1,573$17,739
Other Salaries and Wages$-12,408$18,506$3,349$9,447
Office Expenses$3,156$3,156-$6,312
Payroll Taxes$3,160$2,255$527$5,942
Fees for Services Accounting-$2,560-$2,560
Insurance$2,092--$2,092
Depreciation Depletion-$1,405-$1,405
Travel-$1,229-$1,229
Advertising$1,172--$1,172
Other Expenses$1,569$753-$753
All Other Expenses-$584-$584
Fees for Services Legal-$375-$375
Total Functional Expenses$194,843$48,818$8,699$252,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,982
Fundraising Direct Expenses$2,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$15,982$15,982$2,500$13,482
Total Events$15,982$15,982$2,500$13,482
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligation - Current Portion$15,110
Lease Obligation - Long-term Portion$6,296
Accrued Expenses$4,451
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
Yes
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

The 990 is reviewed by the executive director and board of directors before it is filed.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews, on a annual basis, the compensation of the executive director and makes any necessary adjustments.

Form 990, Page 6, Part VI, Line 19

Upon request to the executive director

Filing and Contact Details

Filer

Filer Name
First Day Shoe Fund
EIN
20-4881364
Phone
2692715527
Address
5416 MEREDITH ST, PORTAGE, MI 49002

Signing Officer

Name
Maggie Hesketh
Title
Executive Director
Phone
2692715527
Signed
2023-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maggie Hesketh
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
550

Preparer

Firm
Seber Tans Plc
Address
555 W CROSSTOWN PARKWAY STE 304, KALAMAZOO, MI 49008
Preparer
Thomas J Horwath
Phone
2693438180
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined the organization to be exempt from federal income taxes under section 501(c)(3) of the internal revenue code.

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IRS990/OtherExpensesGrp/TotalAmt0132697
IRS990/OtherExpensesGrp/TotalAmt13484
IRS990/OtherExpensesGrp/TotalAmt21569
IRS990/OtherExpensesGrp/TotalAmt3753
IRS990/OtherLiabilitiesGrp/BOYAmt02019
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03349
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018506
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0-12408
IRS990/OtherSalariesAndWagesGrp/TotalAmt09447
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0527
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02255
IRS990/PayrollTaxesGrp/ProgramServicesAmt03160
IRS990/PayrollTaxesGrp/TotalAmt05942
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0298
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07616
IRS990/PrincipalOfficerNm0MAGGIE HESKETH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0199025
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0154
IRS990/PYOtherExpensesAmt097831
IRS990/PYOtherRevenueAmt07317
IRS990/PYRevenuesLessExpensesAmt046705
IRS990/PYSalariesCompEmpBnftPaidAmt061960
IRS990/PYTotalExpensesAmt0159791
IRS990/PYTotalRevenueAmt0206496
IRS990/ReconcilationRevenueExpnssAmt0181675
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0404063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0171745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0184796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01118181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0154
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0317
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01634
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028023
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82030
IRS990ScheduleA/PublicSupportPY170Pct00.79360
IRS990ScheduleA/PublicSupportTotal170Amt0918580
IRS990ScheduleA/SubstantialContributorsTotAmt0199601
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0404063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0171745
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0184796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0158552
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01118181
IRS990ScheduleA/TotalSupportAmt01119815
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE OBLIGATION - CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE OBLIGATION - LONG-TERM PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ORGANIZATION TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalLiabilityAmt025857
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015982
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015982
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015982
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015982
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013482
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS, ON A ANNUAL BASIS, THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND MAKES ANY NECESSARY ADJUSTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST TO THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0297173
IRS990/TotalAssetsEOYAmt0502686
IRS990/TotalAssetsGrp/BOYAmt0297173
IRS990/TotalAssetsGrp/EOYAmt0502686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0419748
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08699
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048818
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0194843
IRS990/TotalFunctionalExpensesGrp/TotalAmt0252360
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02019
IRS990/TotalLiabilitiesEOYAmt025857
IRS990/TotalLiabilitiesGrp/BOYAmt02019
IRS990/TotalLiabilitiesGrp/EOYAmt025857
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0295154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0476829
IRS990/TotalOtherCompensationAmt01358
IRS990/TotalProgramServiceExpensesAmt0194843
IRS990/TotalReportableCompFromOrgAmt065000
IRS990/TotalRevenueGrp/ExclusionAmt0805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0434035
IRS990/TotalVolunteersCnt0550
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0297173
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502686
IRS990/TravelGrp/ManagementAndGeneralAmt01229
IRS990/TravelGrp/TotalAmt01229
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05416 MEREDITH ST
IRS990/USAddress/CityNm0PORTAGE
IRS990/USAddress/StateAbbreviationCd0MI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.16$1.32$7.84$6.86$4.87$1.99
2023Detailed filing. Detailed filing data is available for this year.$7.25$1.39$5.86$4.68$3.59$1.09
2022Detailed filing. Detailed filing data is available for this year.$5.03$0.26$4.77$4.34$2.52$1.82
2021Detailed filing. Detailed filing data is available for this year.$2.97$0.02$2.95$2.06$1.60$0.47
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.03$2.48$1.73$1.26$0.47
2019Detailed filing. Detailed filing data is available for this year.$2.04$0.02$2.01$1.85$1.39$0.46
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.03$1.55$1.59$1.32$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.03$1.29$1.29$1.07$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.07$1.08$0.88$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.86$0.96$0.81$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.70$0.73$0.52$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$0.77$0.63$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.01$0.35$0.59$0.38$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.15$0.30$0.27$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.12$0.26$0.24$0.03