Civic Intelligence

Springport Area Foundation for Educ

EIN 26-0076109 • 501(c)3 • Springport, MI

Profile

Provide college scholarships for Springport graduates

PO Box 83Springport, MI 49284
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

1.39x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

60th percentile

7.2%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

31st percentile

-3.1%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$1,276,798

Up $344,920 (+37%) from 2021

Liabilities

Up

$101,500

Up $36,750 (+57%) from 2021

Net Assets

Up

$1,175,298

Up $308,170 (+36%) from 2021

Operations
Liabilities / Revenue91st percentileNet Margin65th percentile

Revenue

Up

$73,179

Up $8,819 (+14%) from 2021

Expenses

Up

$63,594

Up $35,972 (+130%) from 2021

Net Income

Down

$9,585

Down $27,153 (-74%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $372,170Liabilities 2012: $31,500Net Assets 2012: $340,6702012Assets 2014: $392,179Liabilities 2014: $34,075Net Assets 2014: $358,1042014Assets 2015: $442,475Liabilities 2015: $38,850Net Assets 2015: $403,6252015Assets 2016: $486,619Liabilities 2016: $40,750Net Assets 2016: $445,8692016Assets 2019: $718,134Liabilities 2019: $56,475Net Assets 2019: $661,6592019Assets 2020: $737,207Liabilities 2020: $65,125Net Assets 2020: $672,0822020Assets 2021: $931,878Liabilities 2021: $64,750Net Assets 2021: $867,1282021Assets 2025: $1,276,798Liabilities 2025: $101,500Net Assets 2025: $1,175,2982025

Highlighted filing

2025

Assets$1,276,798
Liabilities$101,500
Net Assets$1,175,298
Open 2025 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2012: $72,632Expenses 2012: $23,748Net Income 2012: $48,8842012Revenue 2014: $47,213Expenses 2014: $25,133Net Income 2014: $22,0802014Revenue 2015: $70,288Expenses 2015: $26,047Net Income 2015: $44,2412015Revenue 2016: $66,256Expenses 2016: $29,644Net Income 2016: $36,6122016Revenue 2019: $94,993Expenses 2019: $36,234Net Income 2019: $58,7592019Revenue 2020: $47,178Expenses 2020: $35,428Net Income 2020: $11,7502020Revenue 2021: $64,360Expenses 2021: $27,622Net Income 2021: $36,7382021Revenue 2025: $73,179Expenses 2025: $63,594Net Income 2025: $9,5852025

Highlighted filing

2025

Revenue$73,179
Expenses$63,594
Net Income$9,585
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,276,798
Liabilities
$101,500
Net assets
$1,175,298
Revenue
$73,179
Expenses
$63,594
Net income
$9,585
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.10$1.18$0.07$0.06$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.06$0.87$0.06$0.03$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.07$0.67$0.05$0.04$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.06$0.66$0.09$0.04$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.04$0.45$0.07$0.03$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.04$0.40$0.07$0.03$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.36$0.05$0.03$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.03$0.34$0.07$0.02$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 7, 2025
Return Version
2024v5.2
Gross Receipts
$154,076
Mission and Program Overview

Mission

Provide college scholarships for Springport graduates

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,168,692$1,260,583▲ $91,891
Cash and Non-Interest-Bearing Accounts$17,202$10,580▼ $6,622
Land, Buildings, and Equipment, Net$4,648$4,648→ $0
Accounts Receivable$875$875→ $0
Total Assets$1,191,529$1,276,798▲ $85,269
Other Assets Total$112$112→ $0
Liabilities
Grants Payable$100,500$101,500▲ $1,000
Total Liabilities$100,500$101,500▲ $1,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,091,029$1,175,298▲ $84,269
Total Net Assets Fund Balance$1,091,029$1,175,298▲ $84,269
Total Liabilities and Net Assets / Fund Balance$1,191,529$1,276,798▲ $85,269

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,648-$4,648
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Steven ReuleChairman
Amanda EwersDirector
Brandy NeelisDirector
Janet BeilfussDirector
Jason BartleyDirector
Jason HumphreyDirector
John LincerDirector
Joni LedvinaDirector
Katelyn RaymondDirector
Korey BradleyDirector
Tom BetzDirector
Wendy LakeDirector
Roland PakonenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,383
Program Service Revenue
$0
Investment Income
$45,089
Other Revenue
$2,707
All Other Contributions
$25,383
Change in Net Assets
$9,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,000
Other Expenses$3,594
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$60,000--$60,000
Office Expenses-$2,086-$2,086
Fees for Services Accounting-$1,508-$1,508
Total Functional Expenses$60,000$3,594$0$63,594
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,489
Fundraising Direct Expenses$4,782
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
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
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 governing body review Part VI line 11

“The Treasurer signs the return when completed. The board reviews the return at their next meeting.”

Governing documents etc available to public Part VI line 19

“Governing documents and tax returns are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Springport Area Foundation for Education
EIN
26-0076109
In Care Of
% Roland Pakonen
Phone
5178573100
Address
PO Box 83, Springport, MI 49284
Doing Business As
Safe

Signing Officer

Name
Roland Pakonen
Title
Treasurer
Phone
5178573100
Signed
2025-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Reule
Formed
2004
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Jeffrey L Rochester CPA PC
Address
232 S Main Street, Eaton Rapids, MI 48827
Preparer
Jeffrey L Rochester CPA
Phone
5176635816
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Expired scholarships”

Raw XML AppendixShowing 400 of 412 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0Roland Pakonen
IRS990/Form990PartVIISectionAGrp/PersonNm1Steven Reule
IRS990/Form990PartVIISectionAGrp/PersonNm2Janet Beilfuss
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization has a regular supporting base of contributors. Recent events (deaths of contributors and economic conditions) have slowed the rate of public contributions in the last two years. The organization is working to expand their contributor base. The organization continues to be a public support body. It has increased the amount scholarships provided each year to graduates. This is accomplished through a conservatively invested dividend and income asset portfolio. The asset portfolio has remained untouched, with only the income derived from it being used for scholarships. No directors of the organization, or contributors to the organization, receive any monetary benefits from the organization. All directors are volunteers, giving their time to expand the contributor base and to grow the income generating assets. There is no personal benefits received from their work.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc010 Facts and Circumstances Test Part II line 17a or 17b
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt035040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0127651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0265628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt044581
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt039640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036591
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031702
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028269
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0180783
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt034286
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02707
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02053
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02198
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04361
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01050
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012369
IRS990ScheduleA/PublicSupportCY170Pct00.31750
IRS990ScheduleA/PublicSupportPY170Pct00.30970
IRS990ScheduleA/PublicSupportTotal170Amt0145656
IRS990ScheduleA/SubstantialContributorsTotAmt0119972
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt025383
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt035040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0127651
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030741
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0265628
IRS990ScheduleA/TotalSupportAmt0458780
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/EquipmentGrp/BookValueAmt04648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04648
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt060000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0College scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization maintains an application procedure, with specific requirements, for all scholarship applicants.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer signs the return when completed. The board reviews the return at their next meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents and tax returns are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Expired scholarships
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01191529
IRS990/TotalAssetsEOYAmt01276798
IRS990/TotalAssetsGrp/BOYAmt01191529
IRS990/TotalAssetsGrp/EOYAmt01276798
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025383
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03594
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060000
IRS990/TotalFunctionalExpensesGrp/TotalAmt063594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100500
IRS990/TotalLiabilitiesEOYAmt0101500
IRS990/TotalLiabilitiesGrp/BOYAmt0100500
IRS990/TotalLiabilitiesGrp/EOYAmt0101500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01091029
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01175298
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt060000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02707
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045089
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt073179
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01191529
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01276798
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01855 Hendershott Road
IRS990/USAddress/CityNm0Parma
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049269
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROLAND PAKONEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05178573100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Springport Area Foundation for Education
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0260076109
ReturnHeader/Filer/InCareOfNm0% Roland Pakonen
ReturnHeader/Filer/PhoneNum05178573100
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 83
ReturnHeader/Filer/USAddress/CityNm0Springport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049284
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202087150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jeffrey L Rochester CPA PC

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