Laude Educ 5

990EZ • Fiscal year 2019 • EIN 23-7243478

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 30, 2020

Organization Profile

PO Box 3636Grand Rapids, MI 49501-3636

(800) 795-4115

Siviq Scores

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

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

36%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

5.0%

Faster asset growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

103%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets57th percentile

Assets

$60,379

Up $2,866 (+5.0%) from 2018

Net Assets

$60,379

Up $2,866 (+5.0%) from 2018

Liabilities

Flat

Flat from 2018

Revenue And Expenses

Liabilities / Revenue57th percentile Net Margin87th percentile

Revenue

$7,942

Up $4,033 (+103%) from 2018

Expenses

$5,076

Up $391 (+8.3%) from 2018

Net Income

$2,866

Up $3,642 (+469%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

Highlighted filing

2019

Assets$60,379

Liabilities$0

Net Assets$60,379

Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

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

Highlighted filing

2019

Revenue$7,942

Expenses$5,076

Net Income$2,866

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Mar 30, 2020
Return Version: 2019v5.0
Gross Receipts: $51,091

Mission and Program Overview

Mission

Scholarships are paid in order to help defray the cost of college

Program Services

Description	Grants	Expenses
EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO INDIVIDUALS, HELPING TO DEFRAY THE COST OF COLLEGE EDUCATION	$3,000	$3,000

Compensation and Service Providers

Top Officer Pay77th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
-	Trustee	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Laude Educ 5
EIN: 23-7243478
Phone: 8007954115
Address: PO BOX 3636, GRAND RAPIDS, MI 49501-3636

Signing Officer

Name: Matthew Carothers
Title: Trustee
Phone: 8007954115
Signed: 2020-03-30

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Bank Service Fees 1017 Tax Preparation Fee 1000 Foreign Taxes on Qualified Foreign 59 Foreign Taxes Paid - NQDI”

Raw XML Appendix131 raw XML fields

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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IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	OH
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	57513
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IRS990EZ/InvestmentIncomeAmt	0	1598
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IRS990EZ/MethodOfAccountingCashInd	0	X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	TRUSTEE
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	2076
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SCHOLARSHIPS ARE PAID IN ORDER TO HELP DEFRAY THE COST OF COLLEGE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO INDIVIDUALS, HELPING TO DEFRAY THE COST OF COLLEGE EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	3000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	3000
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SaleOfAssetsGrossAmt	0	49493
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	MI
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	5076
IRS990EZ/TotalProgramServiceExpensesAmt	0	3000
IRS990EZ/TotalRevenueAmt	0	7942
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt	0	0
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt	0	0
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt	0	0
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt	0	0
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt	0	0
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt	0	0
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd	0	true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd	0	false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd	0	false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd	0	true
IRS990ScheduleA/OtherSupportSumAmt	0	0
IRS990ScheduleA/SupportedOrganizationsCnt	0	1
IRS990ScheduleA/SupportedOrganizationsTotalCnt	0	1
IRS990ScheduleA/SupportedOrgInformationGrp/EIN	0	386004779
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd	0	true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd	0	1
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt	0	0
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt	0	3000
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IRS990ScheduleA/SupportingOrganization509a3Ind	0	X
IRS990ScheduleA/SupportingOrgType2Ind	0	X
IRS990ScheduleA/SupportSumAmt	0	3000
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS	0	2021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	MATTHEW CAROTHERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8007954115
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2020-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	LAUDE EDUC 5
ReturnHeader/Filer/BusinessNameControlTxt	0	LAUD
ReturnHeader/Filer/EIN	0	237243478
ReturnHeader/Filer/PhoneNum	0	8007954115
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 3636
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	216.82.182.34
ReturnHeader/ReturnTs	0	2020-04-16T11:00:22-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-01-01
ReturnHeader/TaxPeriodEndDt	0	2019-12-31
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $60,379
Liabilities: $0
Net assets: $60,379
Revenue: $7,942
Expenses: $5,076
Net income: $2,866

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$54.4	$0.00	$54.4	$6.64	$5.74	$0.90
2023Detailed filing. Detailed filing data is available for this year.	$53.5	$0.00	$53.5	$3.29	$5.88	$2.59
2022Detailed filing. Detailed filing data is available for this year.	$56.1	$0.00	$56.1	$2.27	$6.41	$4.14
2021Detailed filing. Detailed filing data is available for this year.	$60.2	$0.00	$60.2	$6.39	$4.97	$1.42
2020Detailed filing. Detailed filing data is available for this year.	$58.8	$0.00	$58.8	$2.63	$4.22	$1.58
2019Detailed filing. Detailed filing data is available for this year.	$60.4	$0.00	$60.4	$7.94	$5.08	$2.87
2018Detailed filing. Detailed filing data is available for this year.	$57.5	$0.00	$57.5	$3.91	$4.69	$0.78
2017Detailed filing. Detailed filing data is available for this year.	$58.3	$0.00	$58.3	$3.23	$4.33	$1.11
2016Detailed filing. Detailed filing data is available for this year.	$59.4	$0.00	$59.4	$5.71	$5.49	$0.23
2015Detailed filing. Detailed filing data is available for this year.	$59.2	$0.00	$59.2	$3.65	$5.75	$2.10