Civic Intelligence

Novi Educational Foundation

990 • Fiscal year 2023 • EIN 38-2665305

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 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

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.83x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-45%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

21st percentile

-5.0%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$1,147,952

Down $59,921 (-5.0%) from 2022

Net Assets

Up

$960,959

Up $14,496 (+1.5%) from 2022

Liabilities

Down

$186,993

Down $74,417 (-28%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin8th percentile

Revenue

Down

$102,153

Down $311,162 (-75%) from 2022

Expenses

Down

$148,452

Down $218,529 (-60%) from 2022

Net Income

Down

-$46,299

Down $92,633 (-200%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2023

Assets$1,147,952
Liabilities$186,993
Net Assets$960,959
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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

2023

Revenue$102,153
Expenses$148,452
Net Income-$46,299
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$439,931
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$946,463$960,959▲ $14,496
Investments in Publicly Traded Securities$799,587$798,116▼ $1,471
Cash and Non-Interest-Bearing Accounts$408,286$349,836▼ $58,450
Total Assets$1,207,873$1,147,952▼ $59,921
Liabilities
Grants Payable$236,402$186,218▼ $50,184
Accounts Payable and Accrued Expenses$25,008$775▼ $24,233
Total Liabilities$261,410$186,993▼ $74,417
Net Assets / Fund Balance
Total Net Assets Fund Balance$946,463$960,959▲ $14,496
Total Liabilities and Net Assets / Fund Balance$1,207,873$1,147,952▼ $59,921

Endowment Activity

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

Board Members and Trustees

NameTitle
Alison DolinPresident
Adam StevensonTrustee
Christine LongTrustee
Dejuan WoodsTrustee
Karen KatinasTrustee
Melissa MorseTrustee
Sanya WestonTrustee
Sue Collins-schroederExecutive Di
Punita Dani-thurmanSecretary
Jill VietTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,872
Program Service Revenue
$0
Investment Income
$-9,445
Other Revenue
$64,726
All Other Contributions
$46,872
Change in Net Assets
$-46,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,590
Salaries, Compensation, and Employee Benefits$24,425
Other Expenses$19,437
Total Fundraising Expense$9,452
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$71,090--$71,090
Grants to Domestic Individuals$33,500--$33,500
Comp Disqual Persons$8,143$8,141$8,141$24,425
Fees for Service Investment Mgmnt Fees-$7,721-$7,721
Fees for Services Accounting-$3,353-$3,353
Office Expenses$1,007$369$1,030$2,406
Advertising-$1,479-$1,479
Insurance-$1,049-$1,049
Other Expenses$275$210$281$210
All Other Expenses$20--$20
Total Functional Expenses$114,066$24,934$9,452$148,452
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Novi Community School DistrictNovi, MI-Teachers/new Equip$43,269
Novi Community School DistrictNovi, MI-District Programs$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$102,403
Fundraising Direct Expenses$37,677
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Green Gala$94,585$94,585$35,510$59,075
Other Events$7,818$7,818$2,167$5,651
Total Events$102,403$102,403$37,677$64,726
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 40.”

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
Jill Viet
Title
Treasurer
Phone
2484491203
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alison Dolin
Formed
1986
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Lotito & Lazzara Pc
Address
22525 HALL RD STE A, MACOMB, MI 48042
Preparer
Howard I Bleiwas
Phone
5864680200
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0575077
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt097654
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0483810
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0483810
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07818
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt094585
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07818
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0102403
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt064726
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037677
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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 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACOMB

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,147,952
Liabilities
$186,993
Net assets
$960,959
Revenue
$102,153
Expenses
$148,452
Net income
-$46,299
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
2023Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

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