Civic Intelligence

Novi Educational Foundation

990 • Fiscal year 2022 • EIN 38-2665305

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 31, 2023

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

70th percentile

0.22x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.63x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

119%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$1,207,873

Up $223,268 (+23%) from 2021

Net Assets

Up

$946,463

Up $25,294 (+2.7%) from 2021

Liabilities

Up

$261,410

Up $197,974 (+312%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin58th percentile

Revenue

Up

$413,315

Up $224,333 (+119%) from 2021

Expenses

Up

$366,981

Up $253,444 (+223%) from 2021

Net Income

Down

$46,334

Down $29,111 (-39%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2022

Assets$1,207,873
Liabilities$261,410
Net Assets$946,463
Open 2022 Filing

Operations Trend

Revenue Growth92nd 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

2022

Revenue$413,315
Expenses$366,981
Net Income$46,334
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.0
Gross Receipts
$492,534
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
Rtn Earn Endowment Incm Other Fnds$921,169$946,463▲ $25,294
Investments in Publicly Traded Securities$822,540$799,587▼ $22,953
Cash and Non-Interest-Bearing Accounts$162,065$408,286▲ $246,221
Total Assets$984,605$1,207,873▲ $223,268
Liabilities
Grants Payable$40,017$236,402▲ $196,385
Accounts Payable and Accrued Expenses$2,690$25,008▲ $22,318
Other Liabilities$20,729--
Total Liabilities$63,436$261,410▲ $197,974
Net Assets / Fund Balance
Total Net Assets Fund Balance$921,169$946,463▲ $25,294
Total Liabilities and Net Assets / Fund Balance$984,605$1,207,873▲ $223,268

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$4,000$4,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$575,077-▲ $58,258-$633,335
2021$477,423-▲ $97,654-$575,077
2020$483,810-▼ $6,387-$477,423
2019$456,105-▲ $27,705-$483,810
2018$414,720-▲ $41,385-$456,105
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Punita Dani-thurmanPresident
Jill VietTrustee
Karen KatinasTrustee
Melissa MorseTrustee
Sanya WestonTrustee
Sue Collins-schroederExecutive Di
Sharon TrumpySecretary
Alison DolinTreasurer
Tia Marie SandersVice Presdie
Revenue and Support

Revenue Composition

Contributions and Grants
$296,868
Program Service Revenue
$0
Investment Income
$58,258
Other Revenue
$58,189
All Other Contributions
$96,139
Change in Net Assets
$46,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$288,723
Salaries, Compensation, and Employee Benefits$59,266
Total Fundraising Expense$21,757
Other Expenses$18,992
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$243,745--$243,745
Other Salaries and Wages$18,270$18,265$18,265$54,800
Grants to Domestic Individuals$44,978--$44,978
Fees for Service Investment Mgmnt Fees-$8,988-$8,988
Payroll Taxes$1,488$1,489$1,489$4,466
Office Expenses$1,514$389$1,549$3,452
Fees for Services Accounting-$3,138-$3,138
Insurance-$1,476-$1,476
Advertising-$188-$188
Other Expenses-$125$454$125
All Other Expenses-$20-$20
Total Functional Expenses$309,995$35,229$21,757$366,981
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Novi Community School DistrictNovi, MI-District Programs$180,000
Novi Community School DistrictNovi, MI-Teachers/new Equip$44,463
Novi Community School DistrictNovi, MI-Teacher/support Pers$6,951
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,046
Fundraising Direct Expenses$11,857
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Other Events$37,741$37,741$5,867$31,874
Green Gala$32,305$32,305$5,990$26,315
Total Events$70,046$70,046$11,857$58,189
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
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
Yes
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 board for review and comments before filing.”

Form 990, Page 6, Part VI, Line 15A

“Executive director is paid as a contract employee at an hourly rate of 30.”

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
Alison Dolin
Title
Treasurer
Phone
2484491203
Signed
2023-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Punita Dani-thurman
Formed
1986
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
20

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
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0661391
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt058258
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0477423
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0575077
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0456105
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IRS990ScheduleD/DonorAdvisedFundsGrantsAmt010339
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IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt020750
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04000
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER EVENTS
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IRS990ScheduleI/RecipientTable/CashGrantAmt144463
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TEACHER/SUPPORT PERS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TEACHERS/NEW EQUIP
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NOVI COMMUNITY SCHOOL DISTRICT
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0NOVI
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NOVI
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NOVI
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS COMMITTEE REVIEWS EACH APPLICATION SUBMITTED BY TEACHER AND SELECTION IS APPROVED BY BOARD OF DIRECTORS FOR NOVI EDUCATIONAL FOUNDATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 19 - DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURNS ARE PROVIDED TO THE BOARD FOR REVIEW AND COMMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR IS PAID AS A CONTRACT EMPLOYEE AT AN HOURLY RATE OF 30.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01207873

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,207,873
Liabilities
$261,410
Net assets
$946,463
Revenue
$413,315
Expenses
$366,981
Net income
$46,334
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
2022Detailed filing. Detailed filing data is available for this year.$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
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