Civic Intelligence

Lenawee County Educational Foundation

990 • Fiscal year 2020 • EIN 38-2644523

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 05, 2020

4107 North Adrian HwyAdrian, MI 49221

(517) 265-1640

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

24th percentile

-2.9%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-45%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$794,724

Down $23,498 (-2.9%) from 2019

Net Assets

Down

$794,724

Down $23,498 (-2.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$204,511

Down $165,297 (-45%) from 2019

Expenses

Down

$230,660

Down $76,751 (-25%) from 2019

Net Income

Down

-$26,149

Down $88,546 (-142%) from 2019

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 2010: $466,276Net Assets 2010: $466,2762010Assets 2011: $481,992Liabilities 2011: $0Net Assets 2011: $481,9922011Assets 2012: $577,903Liabilities 2012: $0Net Assets 2012: $577,9032012Assets 2013: $587,395Liabilities 2013: $0Net Assets 2013: $587,3952013Assets 2014: $582,736Liabilities 2014: $0Net Assets 2014: $582,7362014Assets 2015: $658,234Liabilities 2015: $0Net Assets 2015: $658,2342015Assets 2016: $719,792Liabilities 2016: $0Net Assets 2016: $719,7922016Assets 2017: $762,558Liabilities 2017: $0Net Assets 2017: $762,5582017Assets 2018: $760,873Liabilities 2018: $0Net Assets 2018: $760,8732018Assets 2019: $818,222Liabilities 2019: $0Net Assets 2019: $818,2222019Assets 2020: $794,724Liabilities 2020: $0Net Assets 2020: $794,7242020Assets 2021: $847,682Liabilities 2021: $0Net Assets 2021: $847,6822021Assets 2022: $798,787Liabilities 2022: $0Net Assets 2022: $798,7872022Assets 2023: $1,398,512Liabilities 2023: $0Net Assets 2023: $1,398,5122023Assets 2024: $1,342,865Liabilities 2024: $0Net Assets 2024: $1,342,8652024Assets 2025: $1,372,550Liabilities 2025: $0Net Assets 2025: $1,372,5502025

Highlighted filing

2020

Assets$794,724
Liabilities$0
Net Assets$794,724

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $286,508Expenses 2010: $247,443Net Income 2010: $39,0652010Revenue 2011: $259,143Expenses 2011: $239,119Net Income 2011: $20,0242011Expenses 2012: $275,7282012Revenue 2013: $265,540Expenses 2013: $258,920Net Income 2013: $6,6202013Revenue 2014: $306,511Expenses 2014: $321,323Net Income 2014: -$14,8122014Revenue 2015: $316,382Expenses 2015: $237,780Net Income 2015: $78,6022015Revenue 2016: $173,131Expenses 2016: $230,467Net Income 2016: -$57,3362016Revenue 2017: $255,220Expenses 2017: $222,316Net Income 2017: $32,9042017Revenue 2018: $222,359Expenses 2018: $231,561Net Income 2018: -$9,2022018Revenue 2019: $369,808Expenses 2019: $307,411Net Income 2019: $62,3972019Revenue 2020: $204,511Expenses 2020: $230,660Net Income 2020: -$26,1492020Revenue 2021: $252,379Expenses 2021: $232,916Net Income 2021: $19,4632021Revenue 2022: $289,809Expenses 2022: $292,614Net Income 2022: -$2,8052022Revenue 2023: $878,796Expenses 2023: $292,390Net Income 2023: $586,4062023Revenue 2024: $326,564Expenses 2024: $401,288Net Income 2024: -$74,7242024Revenue 2025: $378,842Expenses 2025: $360,840Net Income 2025: $18,0022025

Highlighted filing

2020

Revenue$204,511
Expenses$230,660
Net Income-$26,149
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 5, 2020
Return Version
2019v5.0
Gross Receipts
$216,400
Mission and Program Overview

Mission

The foundation's primary objective is to receive and disburse funds, property and gifts of any kind exclusively for the benefit of the lenawee intermediate school district and its educational system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$619,062$588,512▼ $30,550
Savings and Temporary Cash Investments$28,194$28,764▲ $570
Investments in Publicly Traded Securities$19,419$16,369▼ $3,050
Accounts Receivable-$5,000-
Total Assets$818,222$794,724▼ $23,498
Other Assets Total$151,547$156,079▲ $4,532
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$608,333$579,419▼ $28,914
Net Assets Without Donor Restrictions$209,889$215,305▲ $5,416
Total Net Assets Fund Balance$818,222$794,724▼ $23,498
Total Liabilities and Net Assets / Fund Balance$818,222$794,724▼ $23,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$449--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald GriffithChairman
John J WankeVice-chairma
-Trustee
David HickmanTrustee
Doug GrayTrustee
Jan ParsonTrustee
Jim McclellanTrustee
Jmartin ThompsonTrustee
Karol BoltonTrustee
Kelli Groeb-petersTrustee
Michael J HoweTrustee
Rod PenderTrustee
Sheila SchwartzTrustee
Theresa PowersTrustee
-Executive Di
-Secretary
Kathryn M MohrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,104
Program Service Revenue
$0
Investment Income
$4,407
Other Revenue
$0
All Other Contributions
$200,104
Change in Net Assets
$-26,149

Audited Revenue Reconciliation

Revenue per Audited Statements
$204,511
Total Revenue per Audited Statements
$204,511
Total Revenue per Form 990
$204,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$227,432
Other Expenses$3,228
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$227,432--$227,432
Other Expenses-$45-$45
Total Functional Expenses$227,432$3,228$0$230,660

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$230,660
Total Expenses per Audited Statements$230,660
Total Expenses per Form 990$230,660
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
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
Yes
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 2

Lenawee community foundation lenawee community foundation trustee ceo business relationship lenawee community foundation lenawee community foundation chair ceo business relationship

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

The form 990 is reviewed by the audit committee and board of trustees prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lenawee County Education Foundation
EIN
38-2644523
Phone
5172651640
Address
4107 NORTH ADRIAN HWY, ADRIAN, MI 49221

Signing Officer

Name
David Hickman
Title
Treasurer
Phone
5172651626
Signed
2020-10-05
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Mi
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
Gross Puckey Gruel & Roof Pc
Address
4196 W MAPLE AVENUE, ADRIAN, MI 49221
Preparer
Brian Nofzinger
Phone
5172635788
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

UNREALIZED GAIN 2,651

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IRS990/MissionDesc0THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE AND DISBURSE FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE LENAWEE INTERMEDIATE SCHOOL DISTRICT AND ITS EDUCATIONAL SYSTEM.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OtherAssetsTotalGrp/EOYAmt0156079
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IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
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IRS990/OtherExpensesGrp/TotalAmt03183
IRS990/OtherExpensesGrp/TotalAmt145
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0FRANK DICK
IRS990/PrincipalOfcrBusinessName/BusinessNameLine2Txt0FRANK DICK
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IRS990/ReconcilationRevenueExpnssAmt0-26149
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt028764
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0105833
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IRS990ScheduleA/PublicSupportPY170Pct00.98020
IRS990ScheduleA/PublicSupportTotal170Amt01044865
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0173854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0329524
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
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IRS990ScheduleD/DonorAdvisedFundsContriAmt051979
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0227432
IRS990ScheduleD/ExpensesSubtotalAmt0230660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0155630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1449
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST ENDOWMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt0204511
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0156079
IRS990ScheduleD/TotalExpensesPerForm990Amt0230660
IRS990ScheduleD/TotalRevenuePerForm990Amt0204511
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0204511
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0227432
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS APPLY FOR SCHOLARSHIPS JANUARY-MARCH. APPLICATIONS ARE REVIEWED BY SELECTION COMMITTEES IN MARCH-APRIL. SELECTION COMMITTEES INFORM STAFF OF RECIPIENTS. RECIPIENTS ARE INFORMED OF SELECTION, LETTER IS SENT TO STUDENT REQUESTING DOCUMENTATION FOR PAYMENT AWARD (COPIES OF THANK YOU NOTE AND FALL REGISTRATION SCHEDULE). PAYMENT IS ISSUED TO STUDENT AND COLLEGE/UNIVERSITY ALONG WITH A COVER LETTER TO THE FINANCIAL AID OFFICE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LENAWEE COMMUNITY FOUNDATION LENAWEE COMMUNITY FOUNDATION TRUSTEE CEO BUSINESS RELATIONSHIP LENAWEE COMMUNITY FOUNDATION LENAWEE COMMUNITY FOUNDATION CHAIR CEO BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND BOARD OF TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED GAIN 2,651
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200104
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.38$0.36$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.33$0.40$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.88$0.29$0.59
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.29$0.29$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.25$0.23$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.20$0.23$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.37$0.31$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.22$0.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.26$0.22$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.17$0.23$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.32$0.24$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.31$0.32$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.27$0.26$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.28
2011Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.26$0.24$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.47$0.29$0.25$0.04