Civic Intelligence

Glen Oaks Community College Foundation

EIN 38-2285489 • 501(c)3 • Centreville, MI

Profile

The mission of goccf is to award scholarships and grants to students, faculty and staff members of glen oaks community college, and to maintain and develop the facilities and services of glen oaks community college for broader educational opportunities and services.

62249 Shimmel RdCentreville, MI 49032

www.glenoaks.edu/FOUNDATION

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

75th percentile

23%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$260,864

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 89.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

64%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,321,973

Up $472,281 (+12%) from 2023

Liabilities

Flat

$3,264

Flat from 2023

Net Assets

Up

$4,318,709

Up $472,281 (+12%) from 2023

Revenue

Up

$292,610

Up $114,584 (+64%) from 2023

Expenses

Up

$226,613

Up $20,688 (+10%) from 2023

Net Income

Up

$65,997

Up $93,896 (+337%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,235,447Liabilities 2010: $75,701Net Assets 2010: $2,159,7462010Assets 2011: $2,657,118Liabilities 2011: $83,534Net Assets 2011: $2,573,5842011Assets 2012: $2,624,352Liabilities 2012: $63,341Net Assets 2012: $2,561,0112012Assets 2013: $2,801,086Liabilities 2013: $31,318Net Assets 2013: $2,769,7682013Assets 2014: $3,047,970Liabilities 2014: $15,590Net Assets 2014: $3,032,3802014Assets 2015: $3,006,152Liabilities 2015: $12,547Net Assets 2015: $2,993,6052015Assets 2016: $2,961,538Liabilities 2016: $0Net Assets 2016: $2,961,5382016Assets 2017: $3,199,476Liabilities 2017: $32,255Net Assets 2017: $3,167,2212017Assets 2018: $3,340,943Liabilities 2018: $7,706Net Assets 2018: $3,333,2372018Assets 2019: $3,412,869Liabilities 2019: $25,853Net Assets 2019: $3,387,0162019Assets 2020: $3,345,242Liabilities 2020: $22,851Net Assets 2020: $3,322,3912020Assets 2021: $4,144,859Liabilities 2021: $22,851Net Assets 2021: $4,122,0082021Assets 2022: $3,568,031Liabilities 2022: $3,264Net Assets 2022: $3,564,7672022Assets 2023: $3,849,692Liabilities 2023: $3,264Net Assets 2023: $3,846,4282023Assets 2024: $4,321,973Liabilities 2024: $3,264Net Assets 2024: $4,318,7092024

Highlighted filing

2024

Assets$4,321,973
Liabilities$3,264
Net Assets$4,318,709

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $186,2682010Expenses 2011: $169,2412011Expenses 2012: $162,0292012Revenue 2013: $131,985Expenses 2013: $206,545Net Income 2013: -$74,5602013Revenue 2014: $482,912Expenses 2014: $160,401Net Income 2014: $322,5112014Revenue 2015: $128,686Expenses 2015: $204,343Net Income 2015: -$75,6572015Revenue 2016: $237,209Expenses 2016: $262,553Net Income 2016: -$25,3442016Revenue 2017: $198,869Expenses 2017: $241,337Net Income 2017: -$42,4682017Revenue 2018: $340,331Expenses 2018: $239,599Net Income 2018: $100,7322018Revenue 2019: $275,373Expenses 2019: $241,017Net Income 2019: $34,3562019Revenue 2020: $169,379Expenses 2020: $209,677Net Income 2020: -$40,2982020Revenue 2021: $213,139Expenses 2021: $174,206Net Income 2021: $38,9332021Revenue 2022: $326,815Expenses 2022: $241,002Net Income 2022: $85,8132022Revenue 2023: $178,026Expenses 2023: $205,925Net Income 2023: -$27,8992023Revenue 2024: $292,610Expenses 2024: $226,613Net Income 2024: $65,9972024

Highlighted filing

2024

Revenue$292,610
Expenses$226,613
Net Income$65,997

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$0.29$0.23$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$0.18$0.21$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.57$0.00$3.56$0.33$0.24$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.02$4.12$0.21$0.17$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.35$0.02$3.32$0.17$0.21$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.41$0.03$3.39$0.28$0.24$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.34$0.01$3.33$0.34$0.24$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.20$0.03$3.17$0.20$0.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.24$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.01$0.01$2.99$0.13$0.20$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.05$0.02$3.03$0.48$0.16$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.03$2.77$0.13$0.21$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.06$2.56$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.08$2.57$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.08$2.16$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,534,042
Mission and Program Overview

Mission

The mission of goccf is to award scholarships and grants to students, faculty and staff members of glen oaks community college, and to maintain and develop the facilities and services of glen oaks community college for broader educational opportunities and services.

Award scholarships to students, provide funding to enhance instructional equipment, campus

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,768,866$4,203,486▲ $434,620
Total Assets$3,849,692$4,321,973▲ $472,281
Other Assets Total$80,826$118,487▲ $37,661
Liabilities
Accounts Payable and Accrued Expenses$3,264$3,264→ $0
Total Liabilities$3,264$3,264→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,516,623$4,025,975▲ $509,352
Net Assets Without Donor Restrictions$329,805$292,734▼ $37,071
Total Net Assets Fund Balance$3,846,428$4,318,709▲ $472,281
Total Liabilities and Net Assets / Fund Balance$3,849,692$4,321,973▲ $472,281

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,275,690$183,299▲ $355,613-$3,686,957
2023$2,977,957$60,420▲ $312,183-$3,275,690
2022$3,385,644$15,230▼ $361,671-$2,977,957
2021$2,749,028$12,090▲ $687,458-$3,385,644
2020$3,114,701$6,881▲ $21,363$327,086$2,749,028
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Vonda MarrowExecutive DirectorPT$63,464$63,464

Board Members and Trustees

NameTitle
Dr David H DevierFormer President, Glen Oaks Cc
Phyllis YougaPresident
John DresserVice President
Elizabeth DatkovicBoard of Trustee Liasion
Ron HudsonFormer Member
Christopher YoungMember
Dan PhillipsMember
Dr Arthur EbertMember
Jay NewmanMember
Jim FreiburgerMember
Kathy EarlMember
Kelly BibbMember
Mary DechowMember
Matt ScheskeMember
Michelle McnamaraMember
Dr Philip G WardSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$248,319
Program Service Revenue
$0
Investment Income
$44,291
Other Revenue
$0
All Other Contributions
$248,319
Change in Net Assets
$65,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$91,809
Salaries, Compensation, and Employee Benefits$73,229
Other Expenses$61,575
Total Fundraising Expense$49,857
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$91,809--$91,809
Current Officers, Directors, Trustees, and Key Employees-$29,495$39,804$69,299
Fees for Service Investment Mgmnt Fees-$21,685-$21,685
Information Technology-$7,239-$7,239
Advertising-$4,447-$4,447
Payroll Taxes-$821$3,109$3,930
Fees for Services Accounting-$3,500-$3,500
Insurance-$1,417-$1,417
Office Expenses-$1,255-$1,255
Conferences and Meetings-$966-$966
Other Expenses$3,523$215$6,944$215
Total Functional Expenses$95,332$81,424$49,857$226,613
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glen Oaks Community CollegeCentreville, MI3Grants and Scholarship Funds to the College Disbursed Through the Financial Aid Office.$91,059
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

An appointment of an executive committee of three or more directors, to serve for such purpose with such authority and for such period of time as the board may determine. The executive committee shall consist of the president and such members of other directors as the board of directors shall determine. At all meetings of the executive committee, all questions shall be decided by the vote of a majority of the members of the committee entitled to vote and shall constitute a quorum for the transaction of business at any meeting of the executive committee.

Form 990, Part VI, Section B, Line 11B

The executive committee or designee are empowered to review the form 990 prior to filing. This is done through a committee meeting where minutes will be recorded.

Form 990, Part VI, Section B, Line 12C

Annually, during the spring meeting, the board members will sign the disclosure statement. If a conflict of interest arises, the individual is not part of the discussion and does not vote.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Glen Oaks Community College Foundation
EIN
38-2285489
Phone
2692944237
Address
62249 SHIMMEL RD, CENTREVILLE, MI 49032

Signing Officer

Name
Phyllis J Youga
Title
President
Phone
2692944237
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phyllis J Youga
Formed
1979
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Rehmann Robson LLC
Address
2330 EAST PARIS AVE SE, GRAND RAPIDS, MI 49546
Preparer
Jeffrey E Hert CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

Form 990, Part XII Line 2C

The process remains unchanged from the prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are intended to be used for scholarships and grants.

PART X, LINE 2:

The foundation is a not-for-profit organization exempt from income tax under section 501(c)(3) of the internal revenue code and is exempt from similar state and local taxes. Although the foundation was granted income tax exemption by the internal revenue service, such exemption does not apply to "unrelated business taxable income." the foundation analyzes its income tax filing positions in the federal and state jurisdictions where it is required to file income tax returns, for all open tax years in these jurisdictions, to identify potential uncertain tax positions. The foundation has evaluated its income tax filing positions for fiscal years 2021 through 2024, the years which remain subject to examination as of june 30, 2024. The foundation concluded that there are no significant uncertain tax positions requiring recognition in the foundation's financial statements. The foundation does not expect the total amount of unrecognized tax benefits ("utb") (e.g. Tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next twelve months. The foundation does not have any amounts accrued for interest and penalties related to utbs at june 30, 2024 or 2023, and is not aware of any claims for such amounts by federal or state income tax authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3FORMER PRESIDENT, GLEN OAKS CC
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF TRUSTEE LIASION
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF GOCCF IS TO AWARD SCHOLARSHIPS AND GRANTS TO STUDENTS, FACULTY AND STAFF MEMBERS OF GLEN OAKS COMMUNITY COLLEGE, AND TO MAINTAIN AND DEVELOP THE FACILITIES AND SERVICES OF GLEN OAKS COMMUNITY COLLEGE FOR BROADER EDUCATIONAL OPPORTUNITIES AND SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PHYLLIS J YOUGA
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990ScheduleA/SubstantialContributorsTotAmt0169483
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070078
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0598296
IRS990ScheduleA/TotalSupportAmt01044633
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0183299
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02749028
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021363
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.51000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS AND GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH THE FOUNDATION WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." THE FOUNDATION ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL YEARS 2021 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF JUNE 30, 2024. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2024 OR 2023, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.36000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt091059
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANTS AND SCHOLARSHIP FUNDS TO THE COLLEGE DISBURSED THROUGH THE FINANCIAL AID OFFICE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GLEN OAKS COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0381800033
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt062249 SHIMMEL RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CENTREVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049032
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT/SCHOLARSHIPS ARE AWARDED BASED ON ELIGIBILITY GUIDELINE SPECIFIC TO EACH FUND. FINAL SELECTION AND USE OF THE AWARD IS DETERMINED BY EITHER THE SCHOLARSHIP SELECTION COMMITTEE OR THE FOUNDATION BOARD OF DIRECTORS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

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