Civic Intelligence

Williamston Schools Foundation

990 • Fiscal year 2017 • EIN 38-2391436

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 09, 2018

PO Box 70Williamston, MI 48895

(517) 655-7513

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

3rd percentile

-90%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

26th percentile

-3.9%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$726,007

Down $29,591 (-3.9%) from 2016

Net Assets

Down

$726,007

Down $29,591 (-3.9%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$98,177

Down $163,411 (-62%) from 2016

Expenses

Down

$186,100

Down $5,526 (-2.9%) from 2016

Net Income

Down

-$87,923

Down $157,885 (-226%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $492,229Liabilities 2011: $02011Assets 2012: $513,346Liabilities 2012: $0Net Assets 2012: $513,3462012Assets 2013: $669,733Liabilities 2013: $0Net Assets 2013: $669,7332013Assets 2014: $715,814Liabilities 2014: $0Net Assets 2014: $715,8142014Assets 2015: $676,472Liabilities 2015: $0Net Assets 2015: $676,4722015Assets 2016: $755,598Liabilities 2016: $0Net Assets 2016: $755,5982016Assets 2017: $726,007Liabilities 2017: $0Net Assets 2017: $726,0072017Assets 2018: $507,783Liabilities 2018: $0Net Assets 2018: $507,7832018Assets 2019: $525,203Liabilities 2019: $0Net Assets 2019: $525,2032019Assets 2020: $593,975Liabilities 2020: $0Net Assets 2020: $593,9752020Assets 2021: $750,505Liabilities 2021: $0Net Assets 2021: $750,5052021Assets 2022: $668,945Liabilities 2022: $1,533Net Assets 2022: $667,4122022Assets 2023: $770,533Liabilities 2023: $0Net Assets 2023: $770,5332023Assets 2024: $738,668Liabilities 2024: $0Net Assets 2024: $738,6682024

Highlighted filing

2017

Assets$726,007
Liabilities$0
Net Assets$726,007

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $93,965Expenses 2011: $75,039Net Income 2011: $18,9262011Revenue 2012: $139,384Expenses 2012: $133,599Net Income 2012: $5,7852012Revenue 2013: $201,865Expenses 2013: $58,661Net Income 2013: $143,2042013Revenue 2014: $106,200Expenses 2014: $94,687Net Income 2014: $11,5132014Revenue 2015: $158,388Expenses 2015: $156,990Net Income 2015: $1,3982015Revenue 2016: $261,588Expenses 2016: $191,626Net Income 2016: $69,9622016Revenue 2017: $98,177Expenses 2017: $186,100Net Income 2017: -$87,9232017Revenue 2018: $144,210Expenses 2018: $387,817Net Income 2018: -$243,6072018Revenue 2019: $151,481Expenses 2019: $86,746Net Income 2019: $64,7352019Revenue 2020: $252,152Expenses 2020: $166,552Net Income 2020: $85,6002020Revenue 2021: $84,548Expenses 2021: $32,761Net Income 2021: $51,7872021Revenue 2022: $77,375Expenses 2022: $33,448Net Income 2022: $43,9272022Revenue 2023: $119,774Expenses 2023: $61,946Net Income 2023: $57,8282023Revenue 2024: $69,296Expenses 2024: $183,961Net Income 2024: -$114,6652024

Highlighted filing

2017

Revenue$98,177
Expenses$186,100
Net Income-$87,923
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 9, 2018
Return Version
2016v3.1
Gross Receipts
$110,789
Mission and Program Overview

Mission

Provide funds to enrich and enhance the quality of education in the williamston community school district.

Provide funds to enrich and enhance the quality of education in the williamston community school district

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$646,473$604,314▼ $42,159
Savings and Temporary Cash Investments$109,125$121,693▲ $12,568
Total Assets$755,598$726,007▼ $29,591
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$407,600$354,946▼ $52,654
Unrestricted Net Assets$262,335$252,377▼ $9,958
Permanently Rstr Net Assets$85,663$118,684▲ $33,021
Total Net Assets Fund Balance$755,598$726,007▼ $29,591
Total Liabilities and Net Assets / Fund Balance$755,598$726,007▼ $29,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$50,853--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$85,663$40,319--$118,684
2016-$85,663--$85,663
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug MonetteChair
John SmithFormer Chair
Norm JolinVice-chair
Joel GerringSchool Board
Bridget HughesTrustee
Jennifer Kildea DewaneTrustee
Jill StoryTrustee
Joe MartinTrustee
Kelly SestiTrustee
Melissa Halvorson SmithTrustee
Michelle LycosTrustee
Nicole EllefsonTrustee
Rick SherrerTrustee
Mike FreemanAdmin Rep
John TravisAlt Faculty
Dana PlaxtonFaculty Rep
Narda MurphySch. Superin
Charles a HasemannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,570
Program Service Revenue
$0
Investment Income
$13,775
Other Revenue
$18,832
All Other Contributions
$65,570
Change in Net Assets
$-87,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$94,141
Total Fundraising Expense$68,786
Professional Fundraising Fees$62,323
Other Expenses$29,636
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$92,141--$92,141
Fees for Services Professional Fundraising--$62,323$62,323
Fees for Services Management$1,800$3,600$3,600$9,000
Advertising-$5,380-$5,380
Fees for Services Accounting-$4,300-$4,300
Fees for Services Legal-$3,040-$3,040
Grants to Domestic Individuals$2,000--$2,000
Fees for Service Investment Mgmnt Fees-$1,546-$1,546
Office Expenses-$1,039-$1,039
All Other Expenses-$344-$344
Other Expenses-$310$2,863$310
Travel-$104-$104
Total Functional Expenses$95,941$21,373$68,786$186,100
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Williamston Community SchoolsWilliamston, MI501c3Support Schools$87,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$62,323
Gaming Gross Income$16,800
Fundraising Gross Income$14,644
Gaming Direct Expenses$8,154
Fundraising Direct Expenses$4,458
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
Audit committee
Yes
Backup withholding compliance
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

The coordinator reviews the 990 after it is prepared by the cpa firm prior to filing with the irs. The board members are provided a copy of the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available in the foundation offices and are available by request.

Filing and Contact Details

Filer

Filer Name
Williamston Schools Foundation
EIN
38-2391436
Phone
5176557513
Address
PO BOX 70, WILLIAMSTON, MI 48895

Signing Officer

Name
Jason R Janus
Title
Treasurer
Phone
5176551665
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Monette
Formed
1981
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
4295 OKEMOS RD STE 200, OKEMOS, MI 48864-6201
Preparer
Julie M Pfeifle
Phone
5177060800
Supplemental Narrative

Additional Explanations

Form 990

Lines left blank are not applicable to the organization.

Form 990, Part X

The fiscal year ending august 31, 2016 balance sheet has been restated due to a restatement of the compiled financial statements. As a result of the restatement, permanently restriced net assets as of august 31, 2016 have been reduced by 25,587, and unrestricted net assets for the year ended august 31, 2016 have been increased by 25,587.

Financial Statement Notes

Schedule D, Page 4, Part XIII

The fiscal year ending august 31, 2016 endowment fund information (on this return - first prior year) has been restated due to a restatement of the compiled financial statements. As a result of the restatement, permanently restriced net assets as of august 31, 2016 have been reduced by 25,587, and unrestricted net assets for the year ended august 31, 2016 have been increased by 25,587.

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IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPLEMENTARY FUNDS AND RESOURCES THAT OTHERWISE MAY NOT BE AVAILABLE FOR THE BENEFIT OF STUDENTS' EDUCATION IN THE WILLIAMSTON COMMUNITY SCHOOL DISTRICT.
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IRS990/OtherExpensesGrp/Desc0ENDOWMENT CAMPAIGN EXPENS
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IRS990/OtherExpensesGrp/Desc2BANK CHARGE
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IRS990/PrincipalOfficerNm0DOUG MONETTE
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION PROVIDED A SPEAKER SERIES FOR EDUCATION AND EDIFICATION AT THE SENIOR CENTER. PROVIDED VAN TRANSPORTATION FOR SENIORS TO REGIONAL LIBRARIES AND EDUCATIONAL VENUES. PROVIDED SUPPORT FOR SENIOR CENTER MEETINGS AND EVENTS.
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0109125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0121693
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 51,123
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1143007
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2116552
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3106392
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CAPITAL REGION COMMUNITY FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SENIOR BENEFIT FUND - EDWARD JONES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2SENIOR BENEFIT FUND - WELLS FARGO
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FIDELITY BROKERAGE
IRS990ScheduleD/OtherSecuritiesGrp/Desc4JUBILEE SCHOLARSHIP
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FISCAL YEAR ENDING AUGUST 31, 2016 ENDOWMENT FUND INFORMATION (ON THIS RETURN - FIRST PRIOR YEAR) HAS BEEN RESTATED DUE TO A RESTATEMENT OF THE COMPILED FINANCIAL STATEMENTS. AS A RESULT OF THE RESTATEMENT, PERMANENTLY RESTRICED NET ASSETS AS OF AUGUST 31, 2016 HAVE BEEN REDUCED BY 25,587, AND UNRESTRICTED NET ASSETS FOR THE YEAR ENDED AUGUST 31, 2016 HAVE BEEN INCREASED BY 25,587.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleG/CharitableDistributionRqrInd0false
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IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt2-7860

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.39$0.00$7.39$0.69$1.84$1.15
2023Detailed filing. Detailed filing data is available for this year.$7.71$0.00$7.71$1.20$0.62$0.58
2022Detailed filing. Detailed filing data is available for this year.$6.69$0.02$6.67$0.77$0.33$0.44
2021Detailed filing. Detailed filing data is available for this year.$7.51$0.00$7.51$0.85$0.33$0.52
2020Detailed filing. Detailed filing data is available for this year.$5.94$0.00$5.94$2.52$1.67$0.86
2019Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$1.51$0.87$0.65
2018Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.08$1.44$3.88$2.44
2017Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$0.98$1.86$0.88
2016Detailed filing. Detailed filing data is available for this year.$7.56$0.00$7.56$2.62$1.92$0.70
2015Summary only. Only limited summary data is available for this year.$6.76$0.00$6.76$1.58$1.57$0.01
2014Summary only. Only limited summary data is available for this year.$7.16$0.00$7.16$1.06$0.95$0.12
2013Summary only. Only limited summary data is available for this year.$6.70$0.00$6.70$2.02$0.59$1.43
2012Summary only. Only limited summary data is available for this year.$5.13$0.00$5.13$1.39$1.34$0.06
2011Summary only. Only limited summary data is available for this year.$4.92$0.00$0.94$0.75$0.19