Civic Intelligence

Hancock Public Schools Foundation Inc.

990 • Fiscal year 2016 • EIN 38-2781851

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 27, 2017

501 Campus DriveHancock, MI 49930

(906) 487-5925

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

33rd percentile

-2.9%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

17th percentile

-6.7%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,533,986

Down $109,763 (-6.7%) from 2015

Net Assets

Down

$1,533,986

Down $109,763 (-6.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$95,288

Down $75,481 (-44%) from 2015

Expenses

Down

$98,046

Down $44,595 (-31%) from 2015

Net Income

Down

-$2,758

Down $30,886 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,852,766Liabilities 2011: $0Net Assets 2011: $1,852,7662011Assets 2012: $1,495,302Liabilities 2012: $0Net Assets 2012: $1,495,3022012Assets 2013: $1,617,567Liabilities 2013: $0Net Assets 2013: $1,617,5672013Assets 2014: $1,745,872Liabilities 2014: $0Net Assets 2014: $1,745,8722014Assets 2015: $1,643,749Liabilities 2015: $0Net Assets 2015: $1,643,7492015Assets 2016: $1,533,986Liabilities 2016: $0Net Assets 2016: $1,533,9862016Assets 2017: $2,396,466Liabilities 2017: $5,348Net Assets 2017: $2,391,1182017Assets 2018: $2,472,984Liabilities 2018: $5,406Net Assets 2018: $2,467,5782018Assets 2019: $2,478,662Liabilities 2019: $0Net Assets 2019: $2,478,6622019Assets 2020: $2,390,672Liabilities 2020: $0Net Assets 2020: $2,390,6722020Assets 2021: $2,790,879Liabilities 2021: $1,335Net Assets 2021: $2,789,5442021Assets 2022: $2,382,789Liabilities 2022: $0Net Assets 2022: $2,382,7892022Assets 2023: $2,452,270Liabilities 2023: $545Net Assets 2023: $2,451,7252023Assets 2024: $2,531,291Liabilities 2024: $520Net Assets 2024: $2,530,7712024Assets 2025: $2,887,344Liabilities 2025: $840Net Assets 2025: $2,886,5042025

Highlighted filing

2016

Assets$1,533,986
Liabilities$0
Net Assets$1,533,986

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $150,769Expenses 2011: $104,447Net Income 2011: $46,3222011Revenue 2012: $89,470Expenses 2012: $402,363Net Income 2012: -$312,8932012Revenue 2013: $110,154Expenses 2013: $81,067Net Income 2013: $29,0872013Revenue 2014: $141,176Expenses 2014: $144,258Net Income 2014: -$3,0822014Revenue 2015: $170,769Expenses 2015: $142,641Net Income 2015: $28,1282015Revenue 2016: $95,288Expenses 2016: $98,046Net Income 2016: -$2,7582016Revenue 2017: $822,567Expenses 2017: $100,690Net Income 2017: $721,8772017Revenue 2018: $160,237Expenses 2018: $101,495Net Income 2018: $58,7422018Revenue 2019: $206,656Expenses 2019: $139,537Net Income 2019: $67,1192019Revenue 2020: $112,218Expenses 2020: $144,147Net Income 2020: -$31,9292020Revenue 2021: $204,499Expenses 2021: $156,606Net Income 2021: $47,8932021Revenue 2022: $255,406Expenses 2022: $224,935Net Income 2022: $30,4712022Revenue 2023: $151,409Expenses 2023: $152,951Net Income 2023: -$1,5422023Revenue 2024: $113,004Expenses 2024: $150,545Net Income 2024: -$37,5412024Revenue 2025: $358,182Expenses 2025: $130,009Net Income 2025: $228,1732025

Highlighted filing

2016

Revenue$95,288
Expenses$98,046
Net Income-$2,758
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 27, 2017
Return Version
2015v3.0
Gross Receipts
$512,279
Mission and Program Overview

Mission

To assist in the development, implementation, and maintenance of education programs which significantly contribute to the education of hancock public schools students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,638,293$1,516,071▼ $122,222
Cash and Non-Interest-Bearing Accounts$5,456$17,915▲ $12,459
Total Assets$1,643,749$1,533,986▼ $109,763
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$957,410$892,342▼ $65,068
Temporarily Rstr Net Assets$686,339$641,644▼ $44,695
Total Net Assets Fund Balance$1,643,749$1,533,986▼ $109,763
Total Liabilities and Net Assets / Fund Balance$1,643,749$1,533,986▼ $109,763
Compensation and Service Providers

Board Members and Trustees

NameTitle
David DowPresident
Dennis WalikainenDirector
Donald CarliDirector
Jeffery KangasDirector
John VaaraDirector
Karen HubbardDirector
Paula NutiniDirector
Robbyn LucierDirector
Ruth Ann SmithDirector
Tracie WilliamsDirector
Sara NiemeyerSecretary
Michael HauswirthTreasurer
Neil AholaVice-pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$34,114
Program Service Revenue
$0
Investment Income
$61,174
Other Revenue
$0
All Other Contributions
$34,114
Change in Net Assets
$-2,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,295
Other Expenses$13,751
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$66,795--$66,795
Grants to Domestic Individuals$17,500--$17,500
Fees for Service Investment Mgmnt Fees$10,473--$10,473
Fees for Services Accounting-$1,605-$1,605
Office Expenses$1,585--$1,585
Other Expenses-$20-$20
Total Functional Expenses$96,353$1,693$0$98,046
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hancock Public SchoolsHancock, MIGovAssist Education$66,795
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
Backup withholding compliance
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
No
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 11B

990 is reviewed by the board of directors upon completion

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
Hancock Public Schools
EIN
38-2781851
Phone
9064875925
Address
501 CAMPUS DRIVE, HANCOCK, MI 49930

Signing Officer

Name
David Dow
Title
President
Phone
9064875825
Signed
2017-04-27

Organization Details

Principal Officer
David Dow
Formed
1988
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Rukkila Negro and Associates Cpas Pc
Address
310 SHELDEN AVENUE, HOUGHTON, MI 49931-1964
Preparer
Peter a Negro
Phone
9064826601
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To assist in the development, implementation, and maintenance of education programs which significantly contribute to the education of hancock public schools students.

Raw XML Appendix393 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/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST IN THE DEVELOPMENT, IMPLEMENTATION, AND MAINTENANCE OF EDUCATION PROGRAMS WHICH SIGNIFICANTLY CONTRIBUTE TO THE EDUCATION OF HANCOCK PUBLIC SCHOOLS STUDENTS.
IRS990/AllOtherContributionsAmt034114
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JILL KARKKAINEN
IRS990/BooksInCareOfDetail/PhoneNum09064875925
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0501 CAMPUS DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HANCOCK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049930
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05456
IRS990/CashNonInterestBearingGrp/EOYAmt017915
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt034114
IRS990/CYGrantsAndSimilarPaidAmt084295
IRS990/CYInvestmentIncomeAmt061174
IRS990/CYOtherExpensesAmt013751
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2758
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt098046
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt095288
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0GRANTS TO HANCOCK PUBLIC SCHOOLS TO PROMOTE ACADEMIC EXCELLENCE, INCLUDING COMPUTER SYSTEMS, VIDEO TAPES, BOOKS, SUPPLIES AND FIELD TRIPS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt078853
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01605
IRS990/FeesForServicesAccountingGrp/TotalAmt01605
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt010473
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt010473
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.25
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/PersonNm0DAVID DOW
IRS990/Form990PartVIISectionAGrp/PersonNm1NEIL AHOLA
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL HAUSWIRTH
IRS990/Form990PartVIISectionAGrp/PersonNm3SARA NIEMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm4DONALD CARLI
IRS990/Form990PartVIISectionAGrp/PersonNm5DENNIS WALIKAINEN
IRS990/Form990PartVIISectionAGrp/PersonNm6KAREN HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN VAARA
IRS990/Form990PartVIISectionAGrp/PersonNm8RUTH ANN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9TRACIE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBBYN LUCIER
IRS990/Form990PartVIISectionAGrp/PersonNm11JEFFERY KANGAS
IRS990/Form990PartVIISectionAGrp/PersonNm12PAULA NUTINI
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/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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRES.
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt032705
IRS990/GainOrLossGrp/SecuritiesAmt0-9543
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt066795
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt017500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt017500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt066795
IRS990/GrantsToDomesticOrgsGrp/TotalAmt066795
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt032705
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0407448
IRS990/GrossReceiptsAmt0512279
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt038012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038012
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01638293
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01516071
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0416991
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ASSIST IN THE DEVELOPMENT, IMPLEMENTATION, AND MAINTENANCE OF EDUCATION PROGRAMS WHICH SIGNIFICANTLY CONTRIBUTE TO THE EDUCATION OF HANCOCK PUBLIC SCHOOLS STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01643749
IRS990/NetAssetsOrFundBalancesEOYAmt01533986
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032705
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-9543
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt023162
IRS990/NetUnrlzdGainsLossesInvstAmt0-107005
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt01585
IRS990/OfficeExpensesGrp/TotalAmt01585
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt068
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120
IRS990/OtherExpensesGrp/TotalAmt068
IRS990/OtherExpensesGrp/TotalAmt120
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAVID DOW
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT SCHOLARSHIPS TO 14 STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt017500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt027162
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0124178
IRS990/PYInvestmentIncomeAmt0143443
IRS990/PYOtherExpensesAmt018463
IRS990/PYOtherRevenueAmt0164
IRS990/PYRevenuesLessExpensesAmt028128
IRS990/PYTotalExpensesAmt0142641
IRS990/PYTotalRevenueAmt0170769
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2758
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC THROUGH MAILINGS. THE ORGANIZATION IS ABLE TO FUNCTION THROUGH GENEROUS SUPPORT FROM THE PUBLIC AND BY A LARGE NUMBER OF "UNUSUAL GRANTS". THESE GRANTS HAVE BEEN INVESTED IN SECURITIES THAT HAVE EARNED SIGNIFICANT INTEREST AND DIVIDENDS. THIS INCOME ALONG WITH PUBLIC DONATIONS ARE GIVEN TO THE PUBLIC SCHOOLS IN THE FORM OF GRANTS TO FUND PROGRAMS AND SCHOLARSHIPS. THE BOARD OF DIRECTORS GOVERNS THE DISBURSAL OF FUNDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAWSUIT PROCEEDS 64 MISCELLANEOUS 100
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC THROUGH MAILINGS. THE ORGANIZATION IS ABLE TO FUNCTION THROUGH GENEROUS SUPPORT FROM THE PUBLIC AND BY A LARGE NUMBER OF "UNUSUAL GRANTS". THESE GRANTS HAVE BEEN INVESTED IN SECURITIES THAT HAVE EARNED SIGNIFICANT INTEREST AND DIVIDENDS. THIS INCOME ALONG WITH PUBLIC DONATIONS ARE GIVEN TO THE PUBLIC SCHOOLS IN THE FORM OF GRANTS TO FUND PROGRAMS AND SCHOLARSHIPS. THE BOARD OF DIRECTORS GOVERNS THE DISBURSAL OF FUNDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt027162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt045750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045753
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt048806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt049634
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0227955
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0164
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0164
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.25480
IRS990ScheduleA/PublicSupportPY170Pct00.26160
IRS990ScheduleA/PublicSupportTotal170Amt083785
IRS990ScheduleA/SubstantialContributorsTotAmt016896
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034114
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt027162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100681
IRS990ScheduleA/TotalSupportAmt0328800
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/RecipientTable/CashGrantAmt066795
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HANCOCK PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0386001483
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0501 CAMPUS DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HANCOCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049930
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL OF THE GRANTS ARE MADE TO THE HANCOCK PUBLIC SCHOOLS, ITS TEACHERS AND STUDENTS FOR PROJECTS, EVENTS OR EQUIPMENT CONNECTED WITH THE DISTRICT, WHICH IS IN HANCOCK, MICHIGAN, USA. ITEMS PURCHASED WITH GRANT FUNDS ARE MONITORED BY THE BUILDING PRINCIPALS AND/OR SUPERINTENDENT AND/OR THE FOUNDATION BOARD VIA INSPECTION. THE GRANTS ARE GENERALLY PAID ON A REIMBURSEMENT BASIS, WITH ORIGINAL BILLS KEPT TO SUPPORT THE GRANT PAYMENTS. GRANT REQUESTS ARE SUBMITTED IN WRITING. THE HPSF GRANTS COMMITTEE REVIEWS THE MERIT OF THE GRANT REQUESTS, PRESENTS THEIR SUGGESTIONS TO THE FOUNDATION BOARD WHICH VOTES ON WHETHER TO APPROVE THE GRANTS. SCHOLARSHIP AMOUNTS ARE DETERMINED BY THE FOUNDATION BOARD AND PAID DIRECTLY TO THE COLLEGE OR UNIVERSITY AFTER RECEIVING VERIFICATION OF ENROLLMENT FROM THE HIGH SCHOOL COUNSELOR. THE STUDENTS SUBMIT SCHOLARSHIP APPLICATIONS WHICH ARE REVIEWED BY A SCHOLARSHIP COMMITTEE. AWARDS ARE BASED ON ACADEMIC PERFORMANCE, APTITUDE TESTS, AND LEADERSHIP DEMONSTRATED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ASSIST IN THE DEVELOPMENT, IMPLEMENTATION, AND MAINTENANCE OF EDUCATION PROGRAMS WHICH SIGNIFICANTLY CONTRIBUTE TO THE EDUCATION OF HANCOCK PUBLIC SCHOOLS STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS REVIEWED BY THE BOARD OF DIRECTORS UPON COMPLETION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0686339
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0641644
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01643749
IRS990/TotalAssetsEOYAmt01533986
IRS990/TotalAssetsGrp/BOYAmt01643749
IRS990/TotalAssetsGrp/EOYAmt01533986
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034114
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt096353
IRS990/TotalFunctionalExpensesGrp/TotalAmt098046
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01643749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01533986
IRS990/TotalProgramServiceExpensesAmt096353
IRS990/TotalRevenueGrp/ExclusionAmt070717
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-9543
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095288
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01643749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01533986
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0957410
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0892342
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0941 ETHEL AVENUE
IRS990/USAddress/CityNm0HANCOCK
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049930
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID DOW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09064875825
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HANCOCK PUBLIC SCHOOLS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HANC
ReturnHeader/Filer/EIN0382781851
ReturnHeader/Filer/PhoneNum09064875925
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 CAMPUS DRIVE
ReturnHeader/Filer/USAddress/CityNm0HANCOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049930
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383435918
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUKKILA NEGRO AND ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 SHELDEN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0499311964
ReturnHeader/PreparerPersonGrp/PhoneNum09064826601
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER A NEGRO
ReturnHeader/ReturnTs02017-04-27T08:52:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.00$2.89$0.36$0.13$0.23
2024Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.11$0.15$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.15$0.15$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.26$0.22$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.00$2.79$0.20$0.16$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.11$0.14$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$0.21$0.14$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.01$2.47$0.16$0.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.40$0.01$2.39$0.82$0.10$0.72
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.10$0.10$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.17$0.14$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.14$0.14$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$0.11$0.08$0.03
2012Summary only. Only limited summary data is available for this year.$1.50$0.00$1.50$0.09$0.40$0.31
2011Summary only. Only limited summary data is available for this year.$1.85$0.00$1.85$0.15$0.10$0.05