Civic Intelligence

Novi Educational Foundation

990 • Fiscal year 2019 • EIN 38-2665305

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 29, 2020

25345 Taft RdNovi, MI 48374

(248) 449-1203

Siviq Scores

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

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.10x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

57th percentile

5.9%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$768,095

Up $43,074 (+5.9%) from 2018

Net Assets

Up

$748,912

Up $50,316 (+7.2%) from 2018

Liabilities

Down

$19,183

Down $7,242 (-27%) from 2018

Revenue

Up

$185,645

Up $63,604 (+52%) from 2018

Expenses

Up

$135,329

Up $20,508 (+18%) from 2018

Net Income

Up

$50,316

Up $43,096 (+597%) from 2018

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: $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

2019

Assets$768,095
Liabilities$19,183
Net Assets$748,912

Operations Trend

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

2019

Revenue$185,645
Expenses$135,329
Net Income$50,316
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 29, 2020
Return Version
2018v3.1
Gross Receipts
$432,083
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 students' potential with a world class eduction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$662,443$696,549▲ $34,106
Cash and Non-Interest-Bearing Accounts$56,201$67,511▲ $11,310
Prepaid Expenses and Deferred Charges$5,000$4,035▼ $965
Land, Buildings, and Equipment, Net$1,377--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$725,021$768,095▲ $43,074
Liabilities
Accounts Payable and Accrued Expenses$26,425$19,183▼ $7,242
Total Liabilities$26,425$19,183▼ $7,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$698,596$748,912▲ $50,316
Total Liabilities and Net Assets / Fund Balance$725,021$768,095▲ $43,074

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$456,105-▲ $27,705-$483,810
2018$414,720-▲ $41,385-$456,105
2017$359,137-▲ $55,583-$414,720
2016$380,965-▼ $21,828-$359,137
2015$376,719-▲ $4,246-$380,965
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris HarpenauPresident
Bridget ZahradnikVice-President
Tia Marie SandersVice-President
Tom SmithBoard of Education Representative
Ashely FanTrustee
Celeste LaiTrustee
Kelly EvansTrustee
Punita Dani ThurmanTrustee
Tara MichenerTrustee
Trina KlassaTrustee
Dr Steve MatthewsDistrict Representative
Audra HoldorfSecretary
Alison DolinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,710
Program Service Revenue
$0
Investment Income
$32,874
Other Revenue
$78,061
All Other Contributions
$74,710
Change in Net Assets
$50,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,738
Grants and Similar Amounts Paid$58,150
Total Fundraising Expense$20,912
Other Expenses$14,441
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,084$20,084$20,084$60,252
Grants to Domestic Orgs$42,650--$42,650
Grants to Domestic Individuals$15,500--$15,500
Fees for Service Investment Mgmnt Fees-$6,692-$6,692
Payroll Taxes$829$829$828$2,486
Insurance-$999-$999
Fees for Services Accounting-$700-$700
Depreciation Depletion-$551-$551
All Other Expenses-$538-$538
Other Expenses$0$398$0$398
Advertising-$300-$300
Fees for Services Other-$20-$20
Total Functional Expenses$79,063$35,354$20,912$135,329
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Novi School District--Enrich the educaitonal experience of each student and our community by supporting learning opportunities that require financial resources beyond the district.$42,650
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$144,701
Fundraising Direct Expenses$66,640
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Green Gala$113,797$113,797$41,438$72,359
Golf Outing$15,815$15,815$13,750$2,065
Total Events$144,701$144,701$66,640$78,061
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
Yes
Other officer compensation reviewed
Yes
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 B, line 11B

Organization's process to review the Form 990, the returns are provided to the signing officer for review before submission.

Form 990, Part VI, Section B, line 15

Compensation process for top official executive base is $30,000 (paid contractor) for the first half of fiscal year, $27,750 (paid employee) for the second half of fiscal year. Bonus and residual pay structure in place.

Form 990, Part VI, Section C, line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Novi Educational Foundation
EIN
38-2665305
Phone
2484491203
Address
25345 Taft Rd, Novi, MI 48374

Signing Officer

Name
Alison Dolin
Title
Treasurer
Phone
2484491203
Signed
2020-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alison Dolin
Formed
1986
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
0

Preparer

Firm
Amdg Business Advisory Serv Plc
Address
218 S Main St, Plymouth, MI 48170
Preparer
Michele Ledford
Phone
7347370855
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04035
IRS990/PrincipalOfficerNm0Alison Dolin
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018165
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt037750
IRS990/PYInvestmentIncomeAmt027192
IRS990/PYOtherExpensesAmt017071
IRS990/PYOtherRevenueAmt076684
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07220
IRS990/PYSalariesCompEmpBnftPaidAmt060000
IRS990/PYTotalExpensesAmt0114821
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0122041
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt050316
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt048606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt018165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0119700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt034256
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027193
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019977
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt035805
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0140976
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45920
IRS990ScheduleA/PublicSupportTotal170Amt0119700
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt048606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt08098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024663
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0119700
IRS990ScheduleA/TotalSupportAmt0260676
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0456105
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0483810
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt027705
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0414720
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0456105
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041385
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0359137
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0414720
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055583
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0380965
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0359137
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21828
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0376719
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0380965
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04246
IRS990ScheduleD/DisclosedForCharitablePrpsInd00
IRS990ScheduleD/DisclosedOrgLegCtrlInd00
IRS990ScheduleD/DonorAdvisedFundsContriAmt045200
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt024800
IRS990ScheduleD/DonorAdvisedFundsHeldCnt06
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0185180
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FundsAndOtherAccountsContriAmt027573
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt033304
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt04
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt04
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt066640
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Green Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf Outing
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0113797
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015815
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt015089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0144701
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0113797
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015815
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt015089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0144701
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt078061
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt011452
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt066640
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041438
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt013750
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Student Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1New Teachers
IRS990ScheduleI/RecipientTable/CashGrantAmt042650
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0826
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Storage unit
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Enrich the educaitonal experience of each student and our community by supporting learning opportunities that require financial resources beyond the district.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Novi School District
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book Value
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization's process to review the Form 990, the returns are provided to the signing officer for review before submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation process for top official executive base is $30,000 (paid contractor) for the first half of fiscal year, $27,750 (paid employee) for the second half of fiscal year. Bonus and residual pay structure in place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0725021
IRS990/TotalAssetsEOYAmt0768095
IRS990/TotalAssetsGrp/BOYAmt0725021
IRS990/TotalAssetsGrp/EOYAmt0768095
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt074710
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020912

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Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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