Civic Intelligence

Grosse Ile Educational Foundation Inc.

990 • Fiscal year 2023 • EIN 38-3235455

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 12, 2024

PO Box 34Grosse Ile, MI 48138

(313) 378-9422

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

84th percentile

35%

Higher net margin than 84% 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

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

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

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

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

Assets

Up

$2,094,171

Up $392,271 (+23%) from 2022

Net Assets

Up

$2,094,171

Up $392,271 (+23%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$238,421

Up $40,286 (+20%) from 2022

Expenses

Up

$155,431

Up $110,178 (+243%) from 2022

Net Income

Down

$82,990

Down $69,892 (-46%) from 2022

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: $647,807Liabilities 2011: $0Net Assets 2011: $647,8072011Assets 2012: $695,622Liabilities 2012: $0Net Assets 2012: $695,6222012Assets 2013: $746,080Liabilities 2013: $0Net Assets 2013: $746,0802013Assets 2014: $1,066,575Liabilities 2014: $0Net Assets 2014: $1,066,5752014Assets 2015: $1,038,111Liabilities 2015: $0Net Assets 2015: $1,038,1112015Assets 2016: $1,082,121Liabilities 2016: $0Net Assets 2016: $1,082,1212016Assets 2017: $1,315,385Liabilities 2017: $0Net Assets 2017: $1,315,3852017Assets 2018: $1,268,922Liabilities 2018: $0Net Assets 2018: $1,268,9222018Assets 2019: $1,539,235Liabilities 2019: $0Net Assets 2019: $1,539,2352019Assets 2020: $1,786,450Liabilities 2020: $0Net Assets 2020: $1,786,4502020Assets 2021: $2,109,507Liabilities 2021: $0Net Assets 2021: $2,109,5072021Assets 2022: $1,701,900Liabilities 2022: $0Net Assets 2022: $1,701,9002022Assets 2023: $2,094,171Liabilities 2023: $0Net Assets 2023: $2,094,1712023Assets 2024: $2,199,200Liabilities 2024: $0Net Assets 2024: $2,199,2002024

Highlighted filing

2023

Assets$2,094,171
Liabilities$0
Net Assets$2,094,171

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $87,9682011Expenses 2012: $127,8762012Revenue 2013: $131,445Expenses 2013: $151,522Net Income 2013: -$20,0772013Revenue 2014: $421,327Expenses 2014: $136,467Net Income 2014: $284,8602014Revenue 2015: $118,739Expenses 2015: $82,171Net Income 2015: $36,5682015Revenue 2016: $91,566Expenses 2016: $72,493Net Income 2016: $19,0732016Revenue 2017: $146,178Expenses 2017: $39,358Net Income 2017: $106,8202017Revenue 2018: $237,158Expenses 2018: $127,615Net Income 2018: $109,5432018Revenue 2019: $187,649Expenses 2019: $110,558Net Income 2019: $77,0912019Revenue 2020: $191,101Expenses 2020: $108,480Net Income 2020: $82,6212020Revenue 2021: $162,989Expenses 2021: $16,785Net Income 2021: $146,2042021Revenue 2022: $198,135Expenses 2022: $45,253Net Income 2022: $152,8822022Revenue 2023: $238,421Expenses 2023: $155,431Net Income 2023: $82,9902023Revenue 2024: $194,327Expenses 2024: $136,063Net Income 2024: $58,2642024

Highlighted filing

2023

Revenue$238,421
Expenses$155,431
Net Income$82,990
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 12, 2024
Return Version
2023v5.1
Gross Receipts
$431,756
Mission and Program Overview

Mission

To enrich the education of grosse ile township public school students

To enrich the education of grosse ile township for public school students`

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,583,711$1,932,709▲ $348,998
Cash and Non-Interest-Bearing Accounts$6,249$161,462▲ $155,213
Savings and Temporary Cash Investments$111,939$0▼ $111,939
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,701,899$2,094,171▲ $392,272
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$780,672$1,133,111▲ $352,439
Net Assets With Donor Restrictions$921,227$961,060▲ $39,833
Total Net Assets Fund Balance$1,701,899$2,094,171▲ $392,272
Total Liabilities and Net Assets / Fund Balance$1,701,899$2,094,171▲ $392,272

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$922,227$700▲ $296,948-$1,219,875
2022$921,227$1,000▲ $107,452-$1,029,679
2021$778,286$1,000▲ $150,125$-8,184$937,595
2020$634,745$1,000▲ $143,441$-900$780,086
2019$525,591$500▲ $118,654$-10,000$654,745
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$166,019
Program Service Revenue
$0
Investment Income
$72,402
Other Revenue
$0
All Other Contributions
$166,019
Change in Net Assets
$82,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,412
Other Expenses$51,019
Total Fundraising Expense$39,379
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$104,412--$104,412
Insurance-$2,313-$2,313
Office Expenses-$2,042-$2,042
Advertising-$699-$699
Other Expenses-$317$39,379$317
All Other Expenses-$70-$70
Total Functional Expenses$104,412$11,640$39,379$155,431
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IsmeGrosse Ile, MI--$37,834
Grosse TravelGrosse ile, MI--$13,003
Gi SchoolGrosse Ile, MI--$10,000
Meridan SchoolGrosse Ile, MI--$6,642
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Grosse Ile Educational Foundation INC
EIN
38-3235455
Phone
3133789422
Address
PO Box 34, Grosse Ile, MI 48138

Signing Officer

Name
Kurt Kobiljak
Title
President
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt Kobiljak
Legal Domicile
Mi
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
75

Preparer

Firm
Weidenbachs Tax Service
Address
PO Box 1669, Southgate, MI 48195
Preparer
David Weidenbach
Phone
7342834017
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

= $296948

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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0223511
IRS990/GrossReceiptsAmt0431756
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02313
IRS990/InsuranceGrp/TotalAmt02313
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt012334
IRS990/InvestmentIncomeGrp/ExclusionAmt042226
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042226
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01583711
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01932709
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0193335
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENRICH THE EDUCATION OF GROSSE ILE TOWNSHIP FOR PUBLIC SCHOOL STUDENTS`
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01701899
IRS990/NetAssetsOrFundBalancesEOYAmt02094171
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt030176
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030176
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0780672
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01133111
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02042
IRS990/OfficeExpensesGrp/TotalAmt02042
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0296948
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Misc Fund raising expenses
IRS990/OtherExpensesGrp/Desc1Misc fund raiser
IRS990/OtherExpensesGrp/Desc2Bank fees
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt039379
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03505
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12694
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2317
IRS990/OtherExpensesGrp/TotalAmt039379
IRS990/OtherExpensesGrp/TotalAmt13505
IRS990/OtherExpensesGrp/TotalAmt22694
IRS990/OtherExpensesGrp/TotalAmt3317
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kurt Kobiljak
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt022282
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt031548
IRS990/PYInvestmentIncomeAmt0107452
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt046855
IRS990/PYRevenuesLessExpensesAmt051331
IRS990/PYTotalExpensesAmt078403
IRS990/PYTotalRevenueAmt0129734
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt082990
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: Increase in market
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0166019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022282
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022577
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt038934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0107985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0357797
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt042226
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035829
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035487
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt033337
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034172
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0181051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt035338
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035338
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt042226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035829
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt033337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0181051
IRS990ScheduleA/InvestmentIncomeCYPct00.31530
IRS990ScheduleA/InvestmentIncomePYPct00.33590
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68470
IRS990ScheduleA/PublicSupportPY509Pct00.66410
IRS990ScheduleA/PublicSupportTotal509Amt0393135
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0166019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt022282

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$0.19$0.14$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.24$0.16$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.20$0.05$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.16$0.02$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.19$0.11$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.19$0.11$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.24$0.13$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.15$0.04$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.09$0.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.12$0.08$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.42$0.14$0.28
2013Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.13$0.15$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.00$0.70$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.09