Civic Intelligence

Henry Ford Community College Foundation

990 • Fiscal year 2018 • EIN 38-2421276

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 29, 2018

Organization ProfileFOUNDATION.HFCC.EDU
5101 Evergreen RoadDearborn, MI 48128

(313) 845-9620

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.10x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

20th percentile

-5.9%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$270,327

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

57th percentile

3.7%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$16,015,409

Up $565,156 (+3.7%) from 2017

Net Assets

Up

$15,849,856

Up $413,980 (+2.7%) from 2017

Liabilities

Up

$165,553

Up $151,176 (+1052%) from 2017

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin20th percentile

Revenue

Down

$1,621,734

Down $694,138 (-30%) from 2017

Expenses

Up

$1,716,609

Up $707,855 (+70%) from 2017

Net Income

Down

-$94,875

Down $1,401,993 (-107%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$30M$20M$10M$0Assets 2011: $8,571,967Liabilities 2011: $427,278Net Assets 2011: $8,144,6892011Assets 2012: $9,716,415Liabilities 2012: $138,372Net Assets 2012: $9,578,0432012Assets 2013: $10,367,481Liabilities 2013: $61,991Net Assets 2013: $10,305,4902013Assets 2014: $12,188,942Liabilities 2014: $143,166Net Assets 2014: $12,045,7762014Assets 2015: $13,756,938Liabilities 2015: $33,524Net Assets 2015: $13,723,4142015Assets 2016: $13,274,714Liabilities 2016: $10,837Net Assets 2016: $13,263,8772016Assets 2017: $15,450,253Liabilities 2017: $14,377Net Assets 2017: $15,435,8762017Assets 2018: $16,015,409Liabilities 2018: $165,553Net Assets 2018: $15,849,8562018Assets 2019: $16,362,013Liabilities 2019: $131,173Net Assets 2019: $16,230,8402019Assets 2020: $17,395,299Liabilities 2020: $143,793Net Assets 2020: $17,251,5062020Assets 2021: $22,250,998Liabilities 2021: $148,142Net Assets 2021: $22,102,8562021Assets 2022: $18,566,113Liabilities 2022: $217,211Net Assets 2022: $18,348,9022022Assets 2023: $20,018,212Liabilities 2023: $95,232Net Assets 2023: $19,922,9802023Assets 2024: $24,097,104Liabilities 2024: $78,717Net Assets 2024: $24,018,3872024Assets 2025: $26,775,848Liabilities 2025: $510,568Net Assets 2025: $26,265,2802025

Highlighted filing

2018

Assets$16,015,409
Liabilities$165,553
Net Assets$15,849,856
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,793,552Expenses 2011: $1,055,609Net Income 2011: $737,9432011Expenses 2012: $815,5182012Revenue 2013: $896,656Expenses 2013: $637,070Net Income 2013: $259,5862013Revenue 2014: $1,292,948Expenses 2014: $567,355Net Income 2014: $725,5932014Revenue 2015: $2,615,696Expenses 2015: $610,299Net Income 2015: $2,005,3972015Revenue 2016: $819,503Expenses 2016: $781,943Net Income 2016: $37,5602016Revenue 2017: $2,315,872Expenses 2017: $1,008,754Net Income 2017: $1,307,1182017Revenue 2018: $1,621,734Expenses 2018: $1,716,609Net Income 2018: -$94,8752018Revenue 2019: $1,441,941Expenses 2019: $1,257,008Net Income 2019: $184,9332019Revenue 2020: $1,357,687Expenses 2020: $1,295,984Net Income 2020: $61,7032020Revenue 2021: $3,456,033Expenses 2021: $2,162,652Net Income 2021: $1,293,3812021Revenue 2022: $3,308,397Expenses 2022: $2,174,133Net Income 2022: $1,134,2642022Revenue 2023: $2,815,277Expenses 2023: $2,721,247Net Income 2023: $94,0302023Revenue 2024: $4,706,652Expenses 2024: $2,063,184Net Income 2024: $2,643,4682024Revenue 2025: $3,614,052Expenses 2025: $2,457,253Net Income 2025: $1,156,7992025

Highlighted filing

2018

Revenue$1,621,734
Expenses$1,716,609
Net Income-$94,875
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 29, 2018
Return Version
2017v2.3
Gross Receipts
$4,999,183
Mission and Program Overview

Mission

The mission of the hfc foundation is to raise charitable support for henry ford college by building long-term relationships with business, civic and community leaders; alumni; corporate and philanthropic foundations; and individuals of influence and affluence, in support of the goals and objectives of the college and the educational and career aspirations of hfc students.

Support programs & services at henry ford college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,030,944$12,726,633▼ $1,304,311
Investments Other Securities-$2,703,390-
Cash and Non-Interest-Bearing Accounts$1,295,511$511,280▼ $784,231
Pledges and Grants Receivable$101,817$49,273▼ $52,544
Total Assets$15,450,253$16,015,409▲ $565,156
Other Assets Total$21,981$24,833▲ $2,852
Liabilities
Accounts Payable and Accrued Expenses$12,653$163,958▲ $151,305
Grants Payable$1,724$1,595▼ $129
Total Liabilities$14,377$165,553▲ $151,176
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,239,867$6,328,346▲ $88,479
Temporarily Rstr Net Assets$5,608,555$5,604,180▼ $4,375
Unrestricted Net Assets$3,587,454$3,917,330▲ $329,876
Total Net Assets Fund Balance$15,435,876$15,849,856▲ $413,980
Total Liabilities and Net Assets / Fund Balance$15,450,253$16,015,409▲ $565,156

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,126,013--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$11,557,846$102,447▲ $1,149,063-$12,572,952
2017$10,222,463$117,014▲ $1,403,684$5,000$11,557,846
2016$10,362,403$286,964▼ $209,120-$10,222,463
2015$8,754,619$1,358,837▲ $414,008-$10,362,403
2014$7,295,755$305,631▲ $1,321,950-$8,754,619
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Margaret BlohmChair
Robert AbrahamFormer Chairman
John SatkowskiInterim Hfc President
Stanley JensenPresident of Hfc
Abe MunfakhVice Chair
Joe LafranceVice Chair (part-year)
Alan R OsborneDirector
Anthony C MortonDirector
Bahiya FawazDirector
Cynthia Hanes BerryDirector
Eric LongsDirector
Fadwa HammondDirector
Fey BeydounDirector
J Michael KirkDirector
Jacqueline LovejoyDirector
Jan HuangDirector
Jeanne MartensDirector
Jennifer DickeyDirector
Joan HennesseyDirector
John McdonaldDirector
Robert ZakarDirector
Russell KavalhunaDirector
Stephen J QuinlanDirector
Tallal TurfeDirector
Walter TalamontiDirector
A Reginald BestExecutive Director
Denise McdonaldSecretary
John GrenkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$698,664
Program Service Revenue
$0
Investment Income
$925,002
Other Revenue
$-1,932
All Other Contributions
$694,557
Change in Net Assets
$-94,875

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table5$35,992
Total Noncash Contributions5$35,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,621,734
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,177,028
Total Revenue per Audited Statements
$2,798,762
Total Revenue per Form 990
$1,621,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,468,546
Other Expenses$169,913
Professional Fundraising Fees$78,150
Total Fundraising Expense$78,150
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,200,842--$1,200,842
Grants to Domestic Individuals$267,704--$267,704
Fees for Service Investment Mgmnt Fees-$145,666-$145,666
Fees for Services Professional Fundraising--$78,150$78,150
Fees for Services Accounting-$11,100-$11,100
Other Expenses-$8,334-$8,334
Fees for Services Management-$4,813-$4,813
Total Functional Expenses$1,468,546$169,913$78,150$1,716,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,384,782
Expenses per Audited Statements$1,716,609
Total Expenses per Form 990$1,716,609
Expenses Not Reported on Form 990$668,173
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Henry Ford CollegeDearborn, MI115To Provide Scholarships to Students Attending Henry Ford College$1,164,850
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$78,150
Fundraising Direct Expenses$27,007
Fundraising Gross Income$25,075

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
DREAMKEEPERS WOMEN'S LUNCHEON$18,667$14,590$1,357$13,233
Presidents Gala$7,105$7,105$7,152$-47
Total Events$29,182$25,075$27,007$-1,932
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Two of the foundation's directors, denise mcdonald and john mcdonald, are married.”

Form 990, Part VI, Section A, Line 7A

“Upon the approval of a majority of the board of the foundation, as proposed by the nominating committee, directors will be appointed by the board of trustees of henry ford college.”

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

“The 990 is sent to the executive committee comprised of key members of the board for review before being filed.”

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

“Held on file in the foundation office for review upon request.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Henry Ford College Foundation
EIN
38-2421276
Phone
3138459620
Address
5101 EVERGREEN ROAD, DEARBORN, MI 48128

Signing Officer

Name
A Reginald Best
Title
Executive Director
Phone
3138459620
Signed
2018-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Reginald Best
Formed
1982
Legal Domicile
Mi
Voting Board Members
25
Independent Board Members
24
Employees
0
Volunteers
100

Preparer

Firm
Plante & Moran Pllc
Address
19176 HALL ROAD SUITE 300, CLINTON TOWNSHIP, MI 48038
Preparer
Dana Coomes
Phone
5864164900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight process or selection process during the tax year.”

Financial Statement Notes

PART V, LINE 4:

“Distributions to henry ford college for scholarships, grants and/or any other purpose approved by the board and accepted by the college.”

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IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN SATKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm26JOE LAFRANCE
IRS990/Form990PartVIISectionAGrp/PersonNm27A REGINALD BEST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt24152874
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt25113341
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt27125242
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2FORMER CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT OF HFC
IRS990/Form990PartVIISectionAGrp/TitleTxt25INTERIM HFC PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE CHAIR (PART-YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt04107
IRS990/FundraisingDirectExpensesAmt027007
IRS990/FundraisingGrossIncomeAmt025075
IRS990/GainOrLossGrp/SecuritiesAmt0652371
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantAmt0267704
IRS990/GrantsPayableGrp/BOYAmt01724
IRS990/GrantsPayableGrp/EOYAmt01595
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0267704
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0267704
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01200842
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01200842
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04002813
IRS990/GrossReceiptsAmt04999183
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0272631
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0272631
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02703390
IRS990/InvestmentsPubTradedSecGrp/BOYAmt014030944
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012726633
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03350442
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE HENRY FORD COLLEGE FOUNDATION IS ORGANIZED AS A MICHIGAN CHARITABLE ORGANIZATION, IS EXEMPT FROM FEDERAL INCOME TAX LIABILITY BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND QUALIFIES AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 509. THE MISSION OF THE HENRY FORD COLLEGE FOUNDATION IS TO RAISE CHARITABLE SUPPORT FOR THE COLLEGE BY BUILDING LONG-TERM RELATIONSHIPS WITH SUCH CONSTITUTENTS AS BUSINESS, CIVIC AND COMMUNITY LEADERS, ALUMNI, CORPORATE AND PHILANTHROPIC FOUNDATIONS, AND INDIVIDUALS OF INFLUENCE AND AFFLUENCE, IN SUPPORT OF THE GOALS AND OBJECTIVES OF THE COLLEGE AND THE EDUCATIONAL AND CAREER ASPIRATIONS OF HENRY FORD COLLEGE STUDENTS. THE FOUNDATION IS COMMITTED TO PROVIDING KNOWLEDGE, COMMUNICATION SKILLS, AND CULTURAL OPPORTUNITITES TO PREPARE OUR DIVERSE STUDENT POPULATION FOR A RAPIDLY CHANGING WORLD AND WORKPLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt015435876
IRS990/NetAssetsOrFundBalancesEOYAmt015849856
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0652371
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0652371
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1932
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1932
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0508855
IRS990/NoncashContributionsAmt035992
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021981
IRS990/OtherAssetsTotalGrp/EOYAmt024833
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08334
IRS990/OtherExpensesGrp/TotalAmt08334
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt06239867
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt06328346
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0101817
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt049273
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0A REGINALD BEST
IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL EDUCATION PROGRAMS-DONEE OF ALL SCHOLARSHIPS, FUNDS AND PROGRAMS IS: HENRY FORD COLLEGE, 5101 EVERGREEN, DEARBORN, MI 48128
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01164850
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01164850
IRS990/ProgSrvcAccomActy3Grp/Desc0CONTRIBUTIONS OF NON-CASH ITEMS TRANSFERRED TO HENRY FORD COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035992
IRS990/ProgSrvcAccomActy3Grp/GrantAmt035992
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01413777
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0738062
IRS990/PYInvestmentIncomeAmt0903643
IRS990/PYOtherExpensesAmt0168140
IRS990/PYOtherRevenueAmt0-1548
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01307118
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01008754
IRS990/PYTotalProfFndrsngExpnsAmt0102552
IRS990/PYTotalRevenueAmt02315872
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-94875
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LINE 14 THE PERCENTAGE REPORTED INCLUDES THE VALUE OF DONATED FACILITIES AND SERVICES PROVIDED BY THE COLLEGE. LINE 15 THE PERCENTAGE REPORTED AGREES WITH WHAT WAS REPORTED ON THE PRIOR YEAR RETURN. THE PERCENTAGE DID NOT TAKE INTO ACCOUNT THE VALUE OF DONATED FACILITIES AND SERVICES PROVIDED BY THE COLLEGE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION C,
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0698664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01413777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0574421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01729458
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0507526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04923846

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,015,409
Liabilities
$165,553
Net assets
$15,849,856
Revenue
$1,621,734
Expenses
$1,716,609
Net income
-$94,875
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.8$0.51$26.3$3.61$2.46$1.16
2024Detailed filing. Detailed filing data is available for this year.$24.1$0.08$24.0$4.71$2.06$2.64
2023Detailed filing. Detailed filing data is available for this year.$20.0$0.10$19.9$2.82$2.72$0.09
2022Detailed filing. Detailed filing data is available for this year.$18.6$0.22$18.3$3.31$2.17$1.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.15$22.1$3.46$2.16$1.29
2020Detailed filing. Detailed filing data is available for this year.$17.4$0.14$17.3$1.36$1.30$0.06
2019Detailed filing. Detailed filing data is available for this year.$16.4$0.13$16.2$1.44$1.26$0.18
2018Detailed filing. Detailed filing data is available for this year.$16.0$0.17$15.8$1.62$1.72$0.09
2017Detailed filing. Detailed filing data is available for this year.$15.5$0.01$15.4$2.32$1.01$1.31
2016Detailed filing. Detailed filing data is available for this year.$13.3$0.01$13.3$0.82$0.78$0.04
2015Detailed filing. Detailed filing data is available for this year.$13.8$0.03$13.7$2.62$0.61$2.01
2014Detailed filing. Detailed filing data is available for this year.$12.2$0.14$12.0$1.29$0.57$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.06$10.3$0.90$0.64$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.72$0.14$9.58$0.82
2011Summary only. Only limited summary data is available for this year.$8.57$0.43$8.14$1.79$1.06$0.74