Civic Intelligence

Spring Lake Public Schools Foundation

990 • Fiscal year 2024 • EIN 38-2480733

Sep 01, 2023 to Aug 31, 2024 • Filed on Nov 20, 2024

345 Hammond StreetSpring Lake, MI 49456

(616) 847-7919

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

54th percentile

3.5%

Faster asset growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

39%

Faster revenue growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$110,707

Up $3,700 (+3.5%) from 2023

Net Assets

Up

$110,707

Up $3,700 (+3.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$211,739

Up $59,422 (+39%) from 2023

Expenses

Up

$208,039

Up $75,438 (+57%) from 2023

Net Income

Down

$3,700

Down $16,016 (-81%) from 2023

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $42,486Liabilities 2013: $02013Assets 2014: $36,759Liabilities 2014: $02014Assets 2015: $149,859Liabilities 2015: $107,500Net Assets 2015: $42,3592015Assets 2016: $18,614Liabilities 2016: $0Net Assets 2016: $18,6142016Assets 2017: $24,333Liabilities 2017: $0Net Assets 2017: $24,3332017Assets 2018: $41,571Liabilities 2018: $0Net Assets 2018: $41,5712018Assets 2019: $132,182Liabilities 2019: $0Net Assets 2019: $132,1822019Assets 2020: $63,697Liabilities 2020: $0Net Assets 2020: $63,6972020Assets 2021: $97,045Liabilities 2021: $0Net Assets 2021: $97,0452021Assets 2022: $87,291Liabilities 2022: $0Net Assets 2022: $87,2912022Assets 2023: $107,007Liabilities 2023: $0Net Assets 2023: $107,0072023Assets 2024: $110,707Liabilities 2024: $0Net Assets 2024: $110,7072024Assets 2025: $131,968Liabilities 2025: $0Net Assets 2025: $131,9682025

Highlighted filing

2024

Assets$110,707
Liabilities$0
Net Assets$110,707

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $120,399Expenses 2013: $129,130Net Income 2013: -$8,7312013Revenue 2014: $139,209Expenses 2014: $144,936Net Income 2014: -$5,7272014Revenue 2015: $160,970Expenses 2015: $198,174Net Income 2015: -$37,2042015Revenue 2016: $173,035Expenses 2016: $196,780Net Income 2016: -$23,7452016Revenue 2017: $237,089Expenses 2017: $231,370Net Income 2017: $5,7192017Revenue 2018: $171,185Expenses 2018: $153,947Net Income 2018: $17,2382018Revenue 2019: $213,650Expenses 2019: $123,039Net Income 2019: $90,6112019Revenue 2020: $156,566Expenses 2020: $225,051Net Income 2020: -$68,4852020Revenue 2021: $78,395Expenses 2021: $45,047Net Income 2021: $33,3482021Revenue 2022: $183,653Expenses 2022: $193,407Net Income 2022: -$9,7542022Revenue 2023: $152,317Expenses 2023: $132,601Net Income 2023: $19,7162023Revenue 2024: $211,739Expenses 2024: $208,039Net Income 2024: $3,7002024Revenue 2025: $184,126Expenses 2025: $162,865Net Income 2025: $21,2612025

Highlighted filing

2024

Revenue$211,739
Expenses$208,039
Net Income$3,700
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 20, 2024
Return Version
2023v5.1
Gross Receipts
$226,203
Mission and Program Overview

Mission

Supplement spring lake public schools' funding

To supplement spring lake public schools' funding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$107,007$110,707▲ $3,700
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$107,007$110,707▲ $3,700
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,007$110,707▲ $3,700
Total Net Assets Fund Balance$107,007$110,707▲ $3,700
Total Liabilities and Net Assets / Fund Balance$107,007$110,707▲ $3,700
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$206,835
Program Service Revenue
$0
Investment Income
$4,158
Other Revenue
$746
All Other Contributions
$175,489
Change in Net Assets
$3,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$158,197
Other Expenses$49,842
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$158,197--$158,197
Insurance-$1,078-$1,078
Fees for Services Accounting-$1,010-$1,010
Advertising-$564-$564
Fees for Services Other-$202-$202
All Other Expenses-$158-$158
Other Expenses$6,547$107-$107
Total Functional Expenses$164,744$43,295$0$208,039
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spring Lake Public SchoolsSpring Lake, MI--$158,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,210
Fundraising Direct Expenses$14,464
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lakerpalooza$37,673$15,210$1,608$13,602
Year End Donation Letter$8,883-$499-
Total Events$46,556$15,210$14,464$746
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Section B, Line 11B

Treasurer will email to board members for review upon board approval 990 will be e-filed

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

Done in meetings of the board of directors via annual review of bylaws

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Spring Lake Public Schools Foundation
EIN
38-2480733
Phone
6168477919
Address
345 HAMMOND STREET, SPRING LAKE, MI 49456

Signing Officer

Name
Josh Datte
Title
Treasurer
Signed
2024-11-20
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Mi
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
18

Preparer

Firm
Selby Tax & Accounting PC
Address
841 Slayton Ave, Grand Haven, MI 49417
Preparer
Abby Selby CPA
Phone
6166133222
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: student enrichment grants - this grant program provides funding to slps students for academic related activities affiliated with a slps club, group, or class.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17President
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt031346
IRS990/FundraisingDirectExpensesAmt014464
IRS990/FundraisingGrossIncomeAmt015210
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt071875
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0158197
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0158197
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0226203
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01078
IRS990/InsuranceGrp/TotalAmt01078
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04158
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04158
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPLEMENT SPRING LAKE PUBLIC SCHOOLS' FUNDING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0107007
IRS990/NetAssetsOrFundBalancesEOYAmt0110707
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0746
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0107007
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0110707
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0TRANSFER TO GHACF
IRS990/OtherExpensesGrp/Desc1PARTNERSHIP PROGRAM
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3BUSINESS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1176
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2107
IRS990/OtherExpensesGrp/ProgramServicesAmt06547
IRS990/OtherExpensesGrp/TotalAmt040000
IRS990/OtherExpensesGrp/TotalAmt16547
IRS990/OtherExpensesGrp/TotalAmt2176
IRS990/OtherExpensesGrp/TotalAmt3107
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PARTNERSHIP PROGRAM - ANNUAL CAMPAIGN SOLICITING DONATIONS, MAINLY FROM AREA BUSINESSES TO FUND GRANTS AND NEEDS OF SLPS. THE DONATIONS ARE USED TO FUND CURRENT NEEDS OR TO FUND THE ENDOWMENT AT GHACF.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056547
IRS990/ProgSrvcAccomActy2Grp/GrantAmt050000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt086500
IRS990/ProgSrvcAccomActy3Grp/Desc0CAROL MARTIN GRANTS ARE GRANTED TO GRADES K-6. THESE GRANTS ARE USED TO FUND SUPPLIES, EQUIPMENT, SCHOLARSHIPS, PROGRAMS AND OTHER ACTIVITIES THAT WILL ENRICH THE EDUCATIONAL EXPERIENCE OF SPRING LAKE ELEMENTARY STUDENTS. 18 GRANTS WERE DISTRIBUTED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt027800
IRS990/ProgSrvcAccomActy3Grp/GrantAmt027800
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt027800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0157497
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0121715
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010886
IRS990/PYOtherRevenueAmt0-5180
IRS990/PYRevenuesLessExpensesAmt019716
IRS990/PYTotalExpensesAmt0132601
IRS990/PYTotalRevenueAmt0152317
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03700
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt047989
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0206835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0157497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0190282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt078414
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0163307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0796335
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04237
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99380
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt0796335
IRS990ScheduleA/SubstantialContributorsTotAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$1.84$1.63$0.21
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$2.12$2.08$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.00$1.07$1.52$1.33$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$1.84$1.93$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.00$0.97$0.78$0.45$0.33
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.64$0.00$0.64$1.57$2.25$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$2.14$1.23$0.91
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$1.71$1.54$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.00$0.24$2.37$2.31$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$1.73$1.97$0.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$1.08$0.42$1.61$1.98$0.37
2014Summary only. Only limited summary data is available for this year.$0.37$0.00$1.39$1.45$0.06
2013Summary only. Only limited summary data is available for this year.$0.42$0.00$1.20$1.29$0.09