Civic Intelligence

Gull Lake Community Schools Foundation

990 • Fiscal year 2015 • EIN 38-2489077

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 20, 2015

11775 East D AvenueRichland, MI 49083

(269) 488-5000

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,046,997

Up $146,379 (+16%) from 2014

Net Assets

Up

$1,046,997

Up $146,379 (+16%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$366,720

Up $104,274 (+40%) from 2014

Expenses

Up

$220,867

Up $32,376 (+17%) from 2014

Net Income

Up

$145,853

Up $71,898 (+97%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $761,552Liabilities 2011: $0Net Assets 2011: $761,5522011Assets 2012: $802,768Liabilities 2012: $0Net Assets 2012: $802,7682012Assets 2013: $826,663Liabilities 2013: $0Net Assets 2013: $826,6632013Assets 2014: $900,618Liabilities 2014: $0Net Assets 2014: $900,6182014Assets 2015: $1,046,997Liabilities 2015: $0Net Assets 2015: $1,046,9972015Assets 2016: $1,067,487Liabilities 2016: $0Net Assets 2016: $1,067,4872016Assets 2017: $1,069,502Liabilities 2017: $0Net Assets 2017: $1,069,5022017Assets 2018: $1,097,490Liabilities 2018: $0Net Assets 2018: $1,097,4902018Assets 2019: $1,026,930Liabilities 2019: $0Net Assets 2019: $1,026,9302019Assets 2020: $1,090,560Liabilities 2020: $0Net Assets 2020: $1,090,5602020Assets 2021: $1,149,513Liabilities 2021: $0Net Assets 2021: $1,149,5132021Assets 2022: $1,200,586Liabilities 2022: $0Net Assets 2022: $1,200,5862022Assets 2023: $1,260,816Liabilities 2023: $0Net Assets 2023: $1,260,8162023Assets 2024: $1,255,363Liabilities 2024: $0Net Assets 2024: $1,255,3632024Assets 2025: $1,269,724Liabilities 2025: $0Net Assets 2025: $1,269,7242025

Highlighted filing

2015

Assets$1,046,997
Liabilities$0
Net Assets$1,046,997

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $209,137Expenses 2011: $111,392Net Income 2011: $97,7452011Expenses 2012: $144,3242012Revenue 2013: $166,553Expenses 2013: $142,658Net Income 2013: $23,8952013Revenue 2014: $262,446Expenses 2014: $188,491Net Income 2014: $73,9552014Revenue 2015: $366,720Expenses 2015: $220,867Net Income 2015: $145,8532015Revenue 2016: $209,000Expenses 2016: $188,510Net Income 2016: $20,4902016Revenue 2017: $208,860Expenses 2017: $206,268Net Income 2017: $2,5922017Revenue 2018: $296,500Expenses 2018: $268,512Net Income 2018: $27,9882018Revenue 2019: $184,316Expenses 2019: $254,876Net Income 2019: -$70,5602019Revenue 2020: $284,703Expenses 2020: $221,073Net Income 2020: $63,6302020Revenue 2021: $221,701Expenses 2021: $162,748Net Income 2021: $58,9532021Revenue 2022: $279,123Expenses 2022: $228,050Net Income 2022: $51,0732022Revenue 2023: $310,118Expenses 2023: $249,888Net Income 2023: $60,2302023Revenue 2024: $213,434Expenses 2024: $218,887Net Income 2024: -$5,4532024Revenue 2025: $294,046Expenses 2025: $279,685Net Income 2025: $14,3612025

Highlighted filing

2015

Revenue$366,720
Expenses$220,867
Net Income$145,853
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 20, 2015
Return Version
2014v5.0
Gross Receipts
$584,310
Mission and Program Overview

Mission

To partner with the gull lake community schools to expand and enrich every student's experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$392,681$490,856▲ $98,175
Cash and Non-Interest-Bearing Accounts$299,614$328,909▲ $29,295
Savings and Temporary Cash Investments$208,323$227,232▲ $18,909
Total Assets$900,618$1,046,997▲ $146,379
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$783,425$719,799▼ $63,626
Unrestricted Net Assets$117,193$327,198▲ $210,005
Total Net Assets Fund Balance$900,618$1,046,997▲ $146,379
Total Liabilities and Net Assets / Fund Balance$900,618$1,046,997▲ $146,379

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$257,613-▲ $105,380-$361,705
2014$226,839$30,045▲ $6,811$4,969$257,613
2013$217,422$25,674▲ $2,638$18,368$226,839
2012$167,422$50,000--$217,422
2011$167,422---$167,422
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$290,922
Program Service Revenue
$0
Investment Income
$75,798
Other Revenue
$0
All Other Contributions
$290,922
Change in Net Assets
$145,853

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$47,780
Total Noncash Contributions1$47,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$199,173
Other Expenses$21,694
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$102,684--$102,684
Grants to Domestic Individuals$96,489--$96,489
Other Expenses$6,560--$6,560
Fees for Service Investment Mgmnt Fees-$3,607-$3,607
Office Expenses-$3,142-$3,142
Fees for Services Accounting-$3,120-$3,120
Fees for Services Other-$3,000-$3,000
Advertising-$2,265-$2,265
Total Functional Expenses$205,733$15,134$0$220,867
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gull Lake Community SchoolsRichland, MIN/aSchool Support$102,684
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
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Gretchen bonesteel gull lake schools teacher employee glcs janelle holland gull lake schools teacher employee glcs lauie klok gull lake schools teacher employee glcs karen koets gull lake schools teacher employee glcs randy walbridge gull lake schools teacher employee glcs

Form 990, Page 6, Part VI, Line 7B

As a supported organization of the foundation, the district has the ability to direct economic resources of the foundation.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to all members of the governing body.

Form 990, Page 6, Part VI, Line 19

The organization provides information to the public upon request.

Filing and Contact Details

Filer

Filer Name
Gull Lake Community Schools Foundat
EIN
38-2489077
Phone
2694885000
Address
11775 EAST D AVENUE, RICHLAND, MI 49083

Signing Officer

Name
Mike Odar
Title
Treasurer
Phone
2694885000
Signed
2015-11-20
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Mi
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
122

Preparer

Firm
Walker Fluke & Sheldon Plc
Address
8700 GULL RD, RICHLAND, MI 49083
Preparer
Katherine K Sheldon
Phone
2696299658
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Distinquished academic awards

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt06560
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt096489
IRS990/ProgSrvcAccomActy2Grp/GrantAmt096489
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DISTINQUISHED ACADEMIC AWARDS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt06560
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IRS990/PYTotalRevenueAmt0262446
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IRS990/ReconcilationRevenueExpnssAmt0145853
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0GULL LAKE COMMUNITY SCHOOLS
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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0205368
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0105380
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0167422
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL SUPPORT
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IRS990ScheduleI/RecipientTable/RecipientEIN0381685940
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISTINQUISHED ACADEMIC AWARDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRETCHEN BONESTEEL GULL LAKE SCHOOLS TEACHER EMPLOYEE GLCS JANELLE HOLLAND GULL LAKE SCHOOLS TEACHER EMPLOYEE GLCS LAUIE KLOK GULL LAKE SCHOOLS TEACHER EMPLOYEE GLCS KAREN KOETS GULL LAKE SCHOOLS TEACHER EMPLOYEE GLCS RANDY WALBRIDGE GULL LAKE SCHOOLS TEACHER EMPLOYEE GLCS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS A SUPPORTED ORGANIZATION OF THE FOUNDATION, THE DISTRICT HAS THE ABILITY TO DIRECT ECONOMIC RESOURCES OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES INFORMATION TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.29$0.28$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.21$0.22$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.31$0.25$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.28$0.23$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.22$0.16$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.28$0.22$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.18$0.25$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.30$0.27$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.21$0.21$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.21$0.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.37$0.22$0.15
2014Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.26$0.19$0.07
2013Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.17$0.14$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.14
2011Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.21$0.11$0.10