Civic Intelligence

Novi Educational Foundation

990 • Fiscal year 2016 • EIN 38-2665305

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 07, 2016

Organization ProfileWWW.NOVIEDUCATIONALFOUNDATION.ORG
25345 Taft RoadNovi, MI 48374

(248) 449-1203

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.05x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

0.29x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

28th percentile

-4.0%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-34%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$690,015

Down $28,626 (-4.0%) from 2015

Net Assets

Down

$658,015

Down $33,262 (-4.8%) from 2015

Liabilities

Up

$32,000

Up $4,636 (+17%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin75th percentile

Revenue

Down

$109,801

Down $55,798 (-34%) from 2015

Expenses

Down

$91,208

Down $4,975 (-5.2%) from 2015

Net Income

Down

$18,593

Down $50,823 (-73%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $670,200Liabilities 2011: $8,840Net Assets 2011: $661,3602011Assets 2012: $655,299Liabilities 2012: $30,900Net Assets 2012: $624,3992012Assets 2013: $676,787Liabilities 2013: $20,523Net Assets 2013: $656,2642013Assets 2014: $724,345Liabilities 2014: $25,000Net Assets 2014: $699,3452014Assets 2015: $718,641Liabilities 2015: $27,364Net Assets 2015: $691,2772015Assets 2016: $690,015Liabilities 2016: $32,000Net Assets 2016: $658,0152016Assets 2017: $718,608Liabilities 2017: $33,400Net Assets 2017: $685,2082017Assets 2018: $725,021Liabilities 2018: $26,425Net Assets 2018: $698,5962018Assets 2019: $768,095Liabilities 2019: $19,183Net Assets 2019: $748,9122019Assets 2020: $986,157Liabilities 2020: $82,629Net Assets 2020: $903,5282020Assets 2021: $984,605Liabilities 2021: $63,436Net Assets 2021: $921,1692021Assets 2022: $1,207,873Liabilities 2022: $261,410Net Assets 2022: $946,4632022Assets 2023: $1,147,952Liabilities 2023: $186,993Net Assets 2023: $960,9592023Assets 2024: $1,136,797Liabilities 2024: $80,163Net Assets 2024: $1,056,6342024

Highlighted filing

2016

Assets$690,015
Liabilities$32,000
Net Assets$658,015
Open 2016 Filing

Operations Trend

Revenue Growth10th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $80,085Expenses 2011: $52,186Net Income 2011: $27,8992011Expenses 2012: $91,6842012Revenue 2013: $104,345Expenses 2013: $106,113Net Income 2013: -$1,7682013Revenue 2014: $120,071Expenses 2014: $114,939Net Income 2014: $5,1322014Revenue 2015: $165,599Expenses 2015: $96,183Net Income 2015: $69,4162015Revenue 2016: $109,801Expenses 2016: $91,208Net Income 2016: $18,5932016Revenue 2017: $95,147Expenses 2017: $136,417Net Income 2017: -$41,2702017Revenue 2018: $122,041Expenses 2018: $114,821Net Income 2018: $7,2202018Revenue 2019: $185,645Expenses 2019: $135,329Net Income 2019: $50,3162019Revenue 2020: $344,287Expenses 2020: $189,671Net Income 2020: $154,6162020Revenue 2021: $188,982Expenses 2021: $113,537Net Income 2021: $75,4452021Revenue 2022: $413,315Expenses 2022: $366,981Net Income 2022: $46,3342022Revenue 2023: $102,153Expenses 2023: $148,452Net Income 2023: -$46,2992023Revenue 2024: $348,182Expenses 2024: $326,474Net Income 2024: $21,7082024

Highlighted filing

2016

Revenue$109,801
Expenses$91,208
Net Income$18,593
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$493,696
Mission and Program Overview

Mission

Enrich the educational experience of each student and our community by supporting learning opportunities that require financial resources beyond the district

Work in conjunction with the novi community school district by providing educational opportunities and program enhancements to help develop each student's potential with a world class education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$686,319$644,252▼ $42,067
Cash and Non-Interest-Bearing Accounts$32,322$45,763▲ $13,441
Total Assets$718,641$690,015▼ $28,626
Liabilities
Accounts Payable and Accrued Expenses-$32,000-
Grants Payable$27,364--
Total Liabilities$27,364$32,000▲ $4,636
Net Assets / Fund Balance
Permanently Rstr Net Assets$639,647$578,599▼ $61,048
Unrestricted Net Assets$51,630$79,416▲ $27,786
Total Net Assets Fund Balance$691,277$658,015▼ $33,262
Total Liabilities and Net Assets / Fund Balance$718,641$690,015▼ $28,626

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$380,965-▼ $21,828-$359,137
2015$376,719-▲ $4,246-$380,965
2014$318,949-▲ $57,770-$376,719
2013$282,654-▲ $36,295-$318,949
2012$266,698-▲ $15,956-$282,654
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Thomas SmithChairperson
Bobbie MurphyTrustee
Chris HarpaneauTrustee
Dr Karl TarkanyiTrustee
Dr Sean BakTrustee
Geoff WoodTrustee
George KacanTrustee
Joel SmithTrustee
Marla BradleeTrustee
Nisha RushtonTrustee
Paula HenryTrustee
Punita Dani ThurmanTrustee
Tomoko TakashimaTrustee
Jeff NielsonSecretary
Dr Steven MatthewsSuperintende
Susan RybaTreasurer
THOMAS O'CONNORVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$20,168
Program Service Revenue
$0
Investment Income
$35,437
Other Revenue
$54,196
All Other Contributions
$20,168
Change in Net Assets
$18,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,194
Other Expenses$26,014
Total Fundraising Expense$1,341
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$37,750--$37,750
Grants to Domestic Orgs$27,444--$27,444
Fees for Services Other$6,509$6,510$1,260$14,279
Fees for Service Investment Mgmnt Fees-$7,124-$7,124
Advertising-$1,923-$1,923
Insurance-$999-$999
Fees for Services Accounting-$750-$750
Office Expenses$81$237$81$399
Other Expenses-$20-$20
Total Functional Expenses$71,784$18,083$1,341$91,208
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Novi Community School DistrictNovi, MI-Teachers - New Equip$21,204
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$77,410
Fundraising Direct Expenses$23,214
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Green Gala$76,511$76,511$22,450$54,061
Total Events$76,511$76,511$22,450$54,061
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
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

“Line 19 - documents are available to the public upon request”

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

“The returns are provided to the officer signing the return for review before submission”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to public upon request”

Filing and Contact Details

Filer

Filer Name
Novi Educational Foundation
EIN
38-2665305
Phone
2484491203
Address
25345 TAFT ROAD, NOVI, MI 48374

Signing Officer

Name
Susan Ryba
Title
Treasurer
Phone
2484491203
Signed
2016-11-07

Organization Details

Principal Officer
Thomas Smith
Formed
1986
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
50

Preparer

Firm
Howard I Bleiwas and Assoc CPA Pllc
Address
39500 HIGH POINTE BLVD STE 145, NOVI, MI 48375
Preparer
Howard I Bleiwas CPA
Phone
2483801811
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Donor software fees 0 0 1,260 outside bookkeeping and admin 6,509 6,510 0”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“The board's intended use of the endowment fund is to grow the balance through investment sales, interest and dividends. The board will withdraw from this fund to scholarships and grants in the future when all other resources have been depleted.”

Raw XML AppendixShowing 400 of 471 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt032000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WORK IN CONJUNCTION WITH THE NOVI COMMUNITY SCHOOL DISTRICT BY PROVIDING EDUCATIONAL OPPORTUNITIES AND PROGRAM ENHANCEMENTS TO HELP DEVELOP EACH STUDENT'S POTENTIAL WITH A WORLD CLASS EDUCATION
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01923
IRS990/AdvertisingGrp/TotalAmt01923
IRS990/AllOtherContributionsAmt020168
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0ELLEN HULVERSON
IRS990/BooksInCareOfDetail/PhoneNum02484491211
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt025345 TAFT RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NOVI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048374
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt032322
IRS990/CashNonInterestBearingGrp/EOYAmt045763
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt020168
IRS990/CYGrantsAndSimilarPaidAmt065194
IRS990/CYInvestmentIncomeAmt035437
IRS990/CYOtherExpensesAmt026014
IRS990/CYOtherRevenueAmt054196
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt018593
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt091208
IRS990/CYTotalFundraisingExpenseAmt01341
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0109801
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0EDUCATIONAL ENRICHMENT THROUGH THE FUNDING OF GRANTS, SCHOLARSHIPS AND PROGRAMS OF THE NOVI COMMUNITY SCHOOL DISTRICT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt071784
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0750
IRS990/FeesForServicesAccountingGrp/TotalAmt0750
IRS990/FeesForServicesOtherGrp/FundraisingAmt01260
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06510
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06509
IRS990/FeesForServicesOtherGrp/TotalAmt014279
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt07124
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt07124
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt155.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt165.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0DR STEVEN MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm1DR SEAN BAK
IRS990/Form990PartVIISectionAGrp/PersonNm2MARLA BRADLEE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS HARPANEAU
IRS990/Form990PartVIISectionAGrp/PersonNm4PAULA HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm5GEORGE KACAN
IRS990/Form990PartVIISectionAGrp/PersonNm6NISHA RUSHTON
IRS990/Form990PartVIISectionAGrp/PersonNm7JOEL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm8TOMOKO TAKASHIMA
IRS990/Form990PartVIISectionAGrp/PersonNm9DR KARL TARKANYI
IRS990/Form990PartVIISectionAGrp/PersonNm10PUNITA DANI THURMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11GEOFF WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm12BOBBIE MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm13THOMAS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm14THOMAS O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm15JEFF NIELSON
IRS990/Form990PartVIISectionAGrp/PersonNm16SUSAN RYBA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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/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/TitleTxt0SUPERINTENDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt023214
IRS990/FundraisingGrossIncomeAmt077410
IRS990/GainOrLossGrp/OtherAmt07582
IRS990/GainOrLossGrp/SecuritiesAmt011692
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt065194
IRS990/GrantsPayableGrp/BOYAmt027364
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt037750
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt037750
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt027444
IRS990/GrantsToDomesticOrgsGrp/TotalAmt027444
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt07582
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0372373
IRS990/GrossReceiptsAmt0493696
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt018
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0999
IRS990/InsuranceGrp/TotalAmt0999
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt016163
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016163
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0686319
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0644252
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0360681
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WORK IN CONJUNCTION WITH THE NOVI COMMUNITY SCHOOL DISTRICT BY PROVIDING EDUCATIONAL OPPORTUNITIES AND PROGRAM ENHANCEMENTS TO HELP EACH STUDENT'S POTENTIAL WITH A WORLD CLASS EDUCATION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0691277
IRS990/NetAssetsOrFundBalancesEOYAmt0658015
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt019274
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt019274
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt054196
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt054196
IRS990/NetUnrlzdGainsLossesInvstAmt0-51855
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt081
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0237
IRS990/OfficeExpensesGrp/ProgramServicesAmt081
IRS990/OfficeExpensesGrp/TotalAmt0399
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP AND DUES
IRS990/OtherExpensesGrp/Desc3BUSINESS REGISTRATION FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0250
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt320
IRS990/OtherExpensesGrp/TotalAmt0250
IRS990/OtherExpensesGrp/TotalAmt1195
IRS990/OtherExpensesGrp/TotalAmt275
IRS990/OtherExpensesGrp/TotalAmt320
IRS990/PartialLiquidationInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0639647
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0578599
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0THOMAS SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt024663
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt059955
IRS990/PYInvestmentIncomeAmt081465
IRS990/PYOtherExpensesAmt036228
IRS990/PYOtherRevenueAmt059471
IRS990/PYRevenuesLessExpensesAmt069416
IRS990/PYTotalExpensesAmt096183
IRS990/PYTotalRevenueAmt0165599
IRS990/ReconcilationRevenueExpnssAmt018593
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING EVENTS 276,959
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt024663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt013766
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt026700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt023864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0109161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt023745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt035805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034647
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017434
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0136234
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0101370
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt077410
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt059471
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt055084
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt045645
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt039349
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0276959
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.20900
IRS990ScheduleA/PublicSupportPY170Pct00.57090
IRS990ScheduleA/PublicSupportTotal170Amt0109161
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt024663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt013766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt026700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt023864
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0109161
IRS990ScheduleA/TotalSupportAmt0522354
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0380965
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0359137
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21828
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0376719
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0380965
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04246
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0318949
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0376719
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt057770
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0282654
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0318949
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036295
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0266698
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0282654
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015956
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt02000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt09500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt04
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt040123
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/FundsAndOtherAccountsContriAmt03000
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt029400
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt04
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0244991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD'S INTENDED USE OF THE ENDOWMENT FUND IS TO GROW THE BALANCE THROUGH INVESTMENT SALES, INTEREST AND DIVIDENDS. THE BOARD WILL WITHDRAW FROM THIS FUND TO SCHOLARSHIPS AND GRANTS IN THE FUTURE WHEN ALL OTHER RESOURCES HAVE BEEN DEPLETED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022450
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GREEN GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt076511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt076511
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076511
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054061
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022450
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022450
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt036900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1NEW TEACHERS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt117
IRS990ScheduleI/RecipientTable/CashGrantAmt021204
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TEACHERS - NEW EQUIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NOVI COMMUNITY SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0386003067
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt025345 TAFT ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NOVI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048374
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS COMMITTEE REVIEWS EACH APPLICATION SUBMITTED BY TEACHER AND SELECTION IS APPROVED BY BOARD OF DIRECTORS FOR NOVI EDUCATIONAL FOUNDATION
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 19 - DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURNS ARE PROVIDED TO THE OFFICER SIGNING THE RETURN FOR REVIEW BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONOR SOFTWARE FEES 0 0 1,260 OUTSIDE BOOKKEEPING AND ADMIN 6,509 6,510 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
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 IX, LINE 11G

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$690,015
Liabilities
$32,000
Net assets
$658,015
Revenue
$109,801
Expenses
$91,208
Net income
$18,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.08$1.06$0.35$0.33$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.19$0.96$0.10$0.15$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.26$0.95$0.41$0.37$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.06$0.92$0.19$0.11$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.08$0.90$0.34$0.19$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.02$0.75$0.19$0.14$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.03$0.70$0.12$0.11$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.03$0.69$0.10$0.14$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.03$0.66$0.11$0.09$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.03$0.69$0.17$0.10$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.03$0.70$0.12$0.11$0.01
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.02$0.66$0.10$0.11$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.03$0.62$0.09
2011Summary only. Only limited summary data is available for this year.$0.67$0.01$0.66$0.08$0.05$0.03