Civic Intelligence

The New Common School Foundation

990 • Fiscal year 2013 • EIN 38-3326860

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 26, 2014

Organization ProfileN/A

View Organization Page

6861 E Nevada No 300Detroit, MI 48234

(313) 368-8580

Siviq Scores

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

Liabilities / Assets

76th percentile

0.60x

Higher debt load relative to assets than 76% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

3.58x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

90th percentile

$530,677

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

20th percentile

-3.3%

Faster asset growth than 20% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$22,190,362

Down $750,303 (-3.3%) from 2012

Net Assets

Down

$8,958,872

Down $1,580,300 (-15%) from 2012

Liabilities

Up

$13,231,490

Up $829,997 (+6.7%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin69th percentile

Revenue

$3,691,628

No earlier filing loaded for comparison.

Expenses

Up

$3,290,774

Up $1,327,467 (+68%) from 2012

Net Income

$400,854

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$60M$40M$20M$0Assets 2010: $15,697,879Liabilities 2010: $6,277,719Net Assets 2010: $9,420,1602010Assets 2011: $16,486,530Liabilities 2011: $6,584,536Net Assets 2011: $9,901,9942011Assets 2012: $22,940,665Liabilities 2012: $12,401,493Net Assets 2012: $10,539,1722012Assets 2013: $22,190,362Liabilities 2013: $13,231,490Net Assets 2013: $8,958,8722013Assets 2014: $45,163,508Liabilities 2014: $19,152,510Net Assets 2014: $26,010,9982014Assets 2015: $43,404,738Liabilities 2015: $17,023,656Net Assets 2015: $26,381,0822015Assets 2016: $40,996,816Liabilities 2016: $12,078,345Net Assets 2016: $28,918,4712016Assets 2017: $41,413,465Liabilities 2017: $11,806,448Net Assets 2017: $29,607,0172017Assets 2018: $32,407,255Liabilities 2018: $10,460,979Net Assets 2018: $21,946,2762018Assets 2019: $33,376,886Liabilities 2019: $5,532,540Net Assets 2019: $27,844,3462019Assets 2020: $33,369,993Liabilities 2020: $5,814,976Net Assets 2020: $27,555,0172020Assets 2021: $40,234,956Liabilities 2021: $10,002,779Net Assets 2021: $30,232,1772021Assets 2022: $44,389,188Liabilities 2022: $10,039,776Net Assets 2022: $34,349,4122022Assets 2023: $45,305,392Liabilities 2023: $9,883,945Net Assets 2023: $35,421,4472023Assets 2024: $44,150,067Liabilities 2024: $8,639,556Net Assets 2024: $35,510,5112024

Highlighted filing

2013

Assets$22,190,362
Liabilities$13,231,490
Net Assets$8,958,872
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2010: $853,9812010Expenses 2011: $1,802,5512011Expenses 2012: $1,963,3072012Revenue 2013: $3,691,628Expenses 2013: $3,290,774Net Income 2013: $400,8542013Revenue 2014: $22,164,972Expenses 2014: $5,109,735Net Income 2014: $17,055,2372014Revenue 2015: $3,335,829Expenses 2015: $2,965,745Net Income 2015: $370,0842015Revenue 2016: $5,942,903Expenses 2016: $3,405,514Net Income 2016: $2,537,3892016Revenue 2017: $3,338,242Expenses 2017: $2,649,696Net Income 2017: $688,5462017Revenue 2018: $5,490,325Expenses 2018: $13,151,066Net Income 2018: -$7,660,7412018Revenue 2019: $8,595,431Expenses 2019: $3,054,177Net Income 2019: $5,541,2542019Revenue 2020: $3,300,718Expenses 2020: $3,590,047Net Income 2020: -$289,3292020Revenue 2021: $5,515,596Expenses 2021: $3,634,068Net Income 2021: $1,881,5282021Revenue 2022: $6,997,203Expenses 2022: $5,257,084Net Income 2022: $1,740,1192022Revenue 2023: $5,202,613Expenses 2023: $4,212,998Net Income 2023: $989,6152023Revenue 2024: $7,197,675Expenses 2024: $7,296,448Net Income 2024: -$98,7732024

Highlighted filing

2013

Revenue$3,691,628
Expenses$3,290,774
Net Income$400,854
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 26, 2014
Return Version
2013v3.0
Gross Receipts
$4,705,692
Mission and Program Overview

Mission

The mission of the new common school foundation is to build a sustainable model of excellence for a new common school within a broad beloved, and committed community, and to replicate the model.

The mission of the new common school foundation is to build a sustainable model of excellence for a new common school within a broad beloved and committed community, and to replicate the model.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,706,387$18,725,985▲ $1,019,598
Cash and Non-Interest-Bearing Accounts$416,135$915,516▲ $499,381
Pledges and Grants Receivable$3,265,107$853,963▼ $2,411,144
Savings and Temporary Cash Investments$823,422$824,368▲ $946
Receivable From Disqualified Prsn-$418,186-
Accounts Receivable$617,146$331,925▼ $285,221
Prepaid Expenses and Deferred Charges-$8,047-
Total Assets$22,940,665$22,190,362▼ $750,303
Other Assets Total$112,468$112,372▼ $96
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,775,875$9,308,670▲ $1,532,795
Unsecured Notes Loans Payable$3,204,202$3,204,202→ $0
Accounts Payable and Accrued Expenses$291,416$693,618▲ $402,202
Other Liabilities$1,130,000$25,000▼ $1,105,000
Total Liabilities$12,401,493$13,231,490▲ $829,997
Net Assets / Fund Balance
Unrestricted Net Assets$5,589,405$6,864,058▲ $1,274,653
Temporarily Rstr Net Assets$4,949,767$2,094,814▼ $2,854,953
Total Net Assets Fund Balance$10,539,172$8,958,872▼ $1,580,300
Total Liabilities and Net Assets / Fund Balance$22,940,665$22,190,362▼ $750,303

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,540,088$2,042,213$18,582,301
Land$2,171,256-$2,171,256
Equipment$14,641$228,921$243,562
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
W Clark DurantPresidentFT$475,000$55,677$530,677

Board Members and Trustees

NameTitle
David Baker LewisChairman
Larry DentonPresident CEO
Jim FutterknechtBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Demaria Building CompanyBuilding And Land Improvements-$1,260,901
Revenue and Support

Revenue Composition

Contributions and Grants
$3,376,054
Program Service Revenue
$0
Investment Income
$12,257
Other Revenue
$303,317
All Other Contributions
$2,426,054
Change in Net Assets
$400,854

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$650,000Cash Received
Total Noncash Contributions1$650,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,464,548
Revenue Not Reported on Financial Statements
$1,227,080
Revenue Not Reported on Form 990
$1,021,413
Other Revenue Adjustments
$1,227,080
Total Revenue per Audited Statements
$3,485,961
Total Revenue per Form 990
$3,691,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,555,742
Salaries, Compensation, and Employee Benefits$1,266,237
Other Expenses$468,795
Total Fundraising Expense$279,676
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,522,433--$1,522,433
Other Salaries and Wages$507,815$28,212$28,212$564,239
Current Officers, Directors, Trustees, and Key Employees$232,417$65,842$232,417$530,676
Fees for Services Other$156,400$36,680-$193,080
Fees for Services Accounting-$126,621-$126,621
Other Employee Benefits$117,479$6,183-$123,662
Payroll Taxes$45,277$2,383-$47,660
Grants to Domestic Individuals$33,309--$33,309
Office Expenses$1,120$25,491-$26,611
Fees for Services Legal-$22,616-$22,616
Travel$10,491$9,136$1,355$20,982
Occupancy-$17,061-$17,061
Other Expenses$17,092$5,606$2,427$5,606
Conferences and Meetings$2,547$442$2,129$5,118
Total Functional Expenses$2,662,096$349,002$279,676$3,290,774

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,290,774
Total Expenses per Audited Statements$3,085,107
Expenses per Audited Statements$2,063,694
Expenses Not Reported on Financial Statements$1,227,080
Other Expense Adjustments$1,227,080
Expenses Not Reported on Form 990$1,021,413
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-2995984-501c3Support to Develop and Support Faith-centered Programs to Urban Children in the Metropolitan Detroit Area.$1,067,230
27-0634528-501c3Support to Develop and Support Faith-centered Programs to Urban Children in the Metropolitan Detroit Area.$352,000
31-1640316-501c3Support Faith Based Educational Programs.$60,000
38-3513593-501c3Support Faith Based Educational Programs.$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$277,080
Fundraising Direct Expenses$193,080
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$1,227,080$277,080$126,377$150,703
Total Events$1,227,080$277,080$193,080$84,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hope LoomisDaughter of the PresidentCompensation and Fringe Benefits From Ncsf.No$85,516

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$418,186-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Payable$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
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 A, Line 2

“The president has a family relationship with an employee.”

Form 990, Part VI, Section A, Line 8B

“There are no committees of the board.”

Form 990, Part VI, Section B, Line 11

“Upon receipt from the outside cpa firm preparing the return, the draft form 990 is given to the president for review and approval. Once approval is received, the organization's accountant (another outside cpa firm) is notified, at which time a separate review is conducted and approval received. Upon receipt of both approvals, the outside cpa firm that prepared the return is notified and the form 990 is approved for submission.”

Form 990, Part VI, Section B, Line 12C

“All relationships and contracts are reviewed by the board of directors at the annual board meeting. All of the board members are covered under the conflict of interest policy. Any conflicts are reviewed by the entire board. Persons with conflicts are prohibited from participating in the governing deliberations and decisions related to the transaction.”

Form 990, Part VI, Section B, Line 15

“An independent survey is conducted to determine the president's compensation level. The compensation is reviewed and approved at the annual board of directors meeting. All members vote on the compensation package; a majority approval is required with the president abstaining.”

Form 990, Part VI, Section C, Line 19

“Upon request, the organization's governing documents, conflict of interest policy, and financial statements are made available to the public.”

Filing and Contact Details

Filer

EIN
38-3326860
Phone
3133688580

Signing Officer

Name
W Clark Durant
Title
President
Phone
3133688580
Signed
2014-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Clark Durant
Formed
1996
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
3
Employees
6
Volunteers
7

Preparer

Preparer
Michael F Fenberg
Phone
2483727300
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

“Dba: cornerstone/cranbrook collaborative dba: the turning point education fund”

FORM 990, PART XI, LINE 9:

“Gain on extinguishment of debt 680,000. Bad debt expense -2,661,154.”

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has determined that the foundation is a nonprofit corporation exempt from income taxes under provisions of internal revenue code section 501(a) relating to nonprofit organizations, such as an organization described in internal revenue code section 501(c)(3). However, unrelated business income may be subject to taxation. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2010.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 193,080. Cost of cds sold 96. Rental expenses 820,888.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Amounts received as agency funds 1,227,080.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 193,080. Fundraising expenses 96. Cost of cds sold 820,888.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Amounts disbursed as agency funds 1,227,080.”

Raw XML AppendixShowing 400 of 610 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.

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09308670
IRS990/NetAssetsOrFundBalancesBOYAmt010539172
IRS990/NetAssetsOrFundBalancesEOYAmt08958872
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt084000
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt084000
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0827
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0827
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0218490
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0218490
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0650000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017061
IRS990/OccupancyGrp/TotalAmt017061
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025491
IRS990/OfficeExpensesGrp/ProgramServicesAmt01120
IRS990/OfficeExpensesGrp/TotalAmt026611
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0112468
IRS990/OtherAssetsTotalGrp/EOYAmt0112372
IRS990/OtherChangesInNetAssetsAmt0-1981154
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06183
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0117479
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0123662
IRS990/OtherExpensesGrp/Desc0MEALS AND MEETINGS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt013136
IRS990/OtherExpensesGrp/FundraisingAmt12427
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02729
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15606
IRS990/OtherExpensesGrp/ProgramServicesAmt015716
IRS990/OtherExpensesGrp/ProgramServicesAmt117092
IRS990/OtherExpensesGrp/TotalAmt031581
IRS990/OtherExpensesGrp/TotalAmt119519
IRS990/OtherExpensesGrp/TotalAmt25606
IRS990/OtherLiabilitiesGrp/BOYAmt01130000
IRS990/OtherLiabilitiesGrp/EOYAmt025000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt028212
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028212
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0507815
IRS990/OtherSalariesAndWagesGrp/TotalAmt0564239
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02383
IRS990/PayrollTaxesGrp/ProgramServicesAmt045277
IRS990/PayrollTaxesGrp/TotalAmt047660
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03265107
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0853963
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08047
IRS990/PrincipalOfficerNm0W CLARK DURANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02262327
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01029678
IRS990/PYInvestmentIncomeAmt04566
IRS990/PYOtherExpensesAmt0204239
IRS990/PYOtherRevenueAmt0333592
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0637178
IRS990/PYSalariesCompEmpBnftPaidAmt0729390
IRS990/PYTotalExpensesAmt01963307
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02600485
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0418186
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0400854
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt057600
IRS990/RentalIncomeOrLossGrp/RealAmt0160890
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0218490
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0823422
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0824368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03376054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02262327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02134196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01090144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03799488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012662209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012257
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01969
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07323
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033782
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03301
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0851
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01450
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05602
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.40770
IRS990ScheduleA/PublicSupportPY170Pct00.37260
IRS990ScheduleA/PublicSupportTotal170Amt05178724
IRS990ScheduleA/SubstantialContributorsTotAmt07483485
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03376054
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02262327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02134196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01090144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03799488
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012662209
IRS990ScheduleA/TotalSupportAmt012702568
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0975
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0975
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt016540088
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02042213
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018582301
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07349
IRS990ScheduleD/DonatedServicesUseFcltsAmt07349
IRS990ScheduleD/EquipmentGrp/BookValueAmt014641
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0228921
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0243562
IRS990ScheduleD/ExpensesNotReportedAmt01021413
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01227080
IRS990ScheduleD/ExpensesSubtotalAmt02063694
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02171256
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02171256
IRS990ScheduleD/OtherExpensesIncludedAmt01014064
IRS990ScheduleD/OtherExpensesNotIncludedAmt01227080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS PAYABLE
IRS990ScheduleD/OtherRevenueAmt01014064
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01227080
IRS990ScheduleD/RevenueNotReportedAmt01021413
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01227080
IRS990ScheduleD/RevenueSubtotalAmt02464548
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS A NONPROFIT CORPORATION EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(A) RELATING TO NONPROFIT ORGANIZATIONS, SUCH AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). HOWEVER, UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 193,080. COST OF CDS SOLD 96. RENTAL EXPENSES 820,888.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AMOUNTS RECEIVED AS AGENCY FUNDS 1,227,080.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 193,080. FUNDRAISING EXPENSES 96. COST OF CDS SOLD 820,888.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4AMOUNTS DISBURSED AS AGENCY FUNDS 1,227,080.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018725985
IRS990ScheduleD/TotalExpensesPerForm990Amt03290774
IRS990ScheduleD/TotalLiabilityAmt025000
IRS990ScheduleD/TotalRevenuePerForm990Amt03691628
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03485961
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03085107
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0950000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0950000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0193080
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt048223
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt048223
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01227080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01227080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0277080
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0277080
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0TURNING POINT INVITATIONAL
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt084000
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt018480
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt018480
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0126377
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0126377
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013898
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HIGH SCHOOL SCHOLARSHIPS FOR URBAN STUDENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/RecipientTable/CashGrantAmt01067230
IRS990ScheduleI/RecipientTable/CashGrantAmt1352000
IRS990ScheduleI/RecipientTable/CashGrantAmt260000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT TO DEVELOP AND SUPPORT FAITH-CENTERED PROGRAMS TO URBAN CHILDREN IN THE METROPOLITAN DETROIT AREA.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT TO DEVELOP AND SUPPORT FAITH-CENTERED PROGRAMS TO URBAN CHILDREN IN THE METROPOLITAN DETROIT AREA.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT FAITH BASED EDUCATIONAL PROGRAMS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FAITH BASED EDUCATIONAL PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10CORNERSTONE SCHOOLS ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11CORNERSTONE CHARTER SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12SCWAUB FUND FOR CHARITABLE GIVING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13YOUTHWORKS
IRS990ScheduleI/RecipientTable/RecipientEIN0382995984
IRS990ScheduleI/RecipientTable/RecipientEIN1270634528
IRS990ScheduleI/RecipientTable/RecipientEIN2311640316
IRS990ScheduleI/RecipientTable/RecipientEIN3383513593
IRS990ScheduleI/RecipientTable/USAddress/AddressLine106861 E NEVADA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11306 E FOURTH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12211 MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13PO BOX 06650
IRS990ScheduleI/RecipientTable/USAddress/City0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City1ROYAL OAK
IRS990ScheduleI/RecipientTable/USAddress/City2SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/City3DETROIT
IRS990ScheduleI/RecipientTable/USAddress/State0MI
IRS990ScheduleI/RecipientTable/USAddress/State1MI
IRS990ScheduleI/RecipientTable/USAddress/State2CA
IRS990ScheduleI/RecipientTable/USAddress/State3MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode048234
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode148067
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode294105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode348206
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE DISTRIBUTED TO ORGANIZATIONS WHICH DEVELOP AND SUPPORT EDUCATIONAL PROGRAMS, INCLUDING SCHOLARSHIPS, IN THE DETROIT AREA. ANNUALLY, FINANCIAL STATEMENTS ARE EXAMINED FOR COMPLIANCE WITH THE INTENDED PURPOSE OF THE DONATION. THE SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS ARE PAID DIRECTLY TO THE SCHOOL TO ENSURE IT IS USED FOR TUITION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,190,362
Liabilities
$13,231,490
Net assets
$8,958,872
Revenue
$3,691,628
Expenses
$3,290,774
Net income
$400,854
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.2$8.64$35.5$7.20$7.30$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$9.88$35.4$5.20$4.21$0.99
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.4$10.0$34.3$7.00$5.26$1.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$10.0$30.2$5.52$3.63$1.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$5.81$27.6$3.30$3.59$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$5.53$27.8$8.60$3.05$5.54
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$10.5$21.9$5.49$13.2$7.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.4$11.8$29.6$3.34$2.65$0.69
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.0$12.1$28.9$5.94$3.41$2.54
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.4$17.0$26.4$3.34$2.97$0.37
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.2$19.2$26.0$22.2$5.11$17.1
2013Detailed filing. Detailed filing data is available for this year.$22.2$13.2$8.96$3.69$3.29$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$12.4$10.5$1.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$6.58$9.90$1.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$6.28$9.42$0.85
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $10M-$25M nonprofits