Majestic Education Foundation Inc.

990 • Fiscal year 2013 • EIN 38-3383097

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 31, 2013

Organization Profile

Refreshing map…

5040 Joy RoadDetroit, MI 48204-2296

Siviq Scores

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

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-1061%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-89%

Faster asset growth than 2% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2013

-81%

Faster revenue growth than 3% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2013

Balance Sheet

Liabilities / Assets55th percentile

Assets

Down

$92

Down $7,298 (-99%) from 2011

Net Assets

$92

No earlier filing loaded for comparison.

Liabilities

Flat

Flat from 2011

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin1st percentile

Revenue

Down

$540

Down $15,216 (-97%) from 2011

Expenses

Down

$6,270

Down $3,256 (-34%) from 2011

Net Income

Down

-$5,730

Down $11,960 (-192%) from 2011

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

Highlighted filing

2013

Assets$92

Liabilities$0

Net Assets$92

Open 2013 Filing

Operations Trend

Revenue Growth3rd percentile

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

Highlighted filing

2013

Revenue$540

Expenses$6,270

Net Income-$5,730

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: Oct 31, 2013
Return Version: 2012v2.3
Gross Receipts: $540

Mission and Program Overview

Mission

To award college scholarships to high achievers.

Filing and Contact Details

Filer

EIN: 38-3383097

Raw XML Appendix240 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/Form990PartVIISectionA/AverageHoursPerWeek	3	10.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector	0	X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector	1	X
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IRS990/Form990PartVIISectionA/NamePerson	0	EDWARD CHAPMAN
IRS990/Form990PartVIISectionA/NamePerson	1	RODRICK BROWN
IRS990/Form990PartVIISectionA/NamePerson	2	ELMER ROTHWELL
IRS990/Form990PartVIISectionA/NamePerson	3	JOSEPH ROBERTS
IRS990/Form990PartVIISectionA/OtherCompensation	0	0
IRS990/Form990PartVIISectionA/OtherCompensation	1	0
IRS990/Form990PartVIISectionA/OtherCompensation	2	0
IRS990/Form990PartVIISectionA/OtherCompensation	3	0
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization	0	0
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization	1	0
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization	2	0
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization	3	0
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs	0	0
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs	1	0
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs	2	0
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs	3	0
IRS990/Form990PartVIISectionA/Title	0	PRESIDENT
IRS990/Form990PartVIISectionA/Title	1	VICE PRESIDE
IRS990/Form990PartVIISectionA/Title	2	SECRETARY
IRS990/Form990PartVIISectionA/Title	3	TREASURER
IRS990/Form990ProvidedToGoverningBody	0	false
IRS990/FormersListed	0	false
IRS990/FSAudited	0	false
IRS990/FundraisingActivities	0	false
IRS990/Gaming	0	false
IRS990/GovernmentGrants	0	540
IRS990/GrantsAndSimilarAmntsCY	0	0
IRS990/GrantsToIndividuals	0	false
IRS990/GrantsToOrganizations	0	false
IRS990/GrantToRelatedPerson	0	false
IRS990/GrossReceipts	0	540
IRS990/GroupReturnForAffiliates	0	false
IRS990/Hospital	0	false
IRS990/IndependentAuditFinancialStmt	0	false
IRS990/IndoorTanningServices	0	false
IRS990/InvestmentIncomeCurrentYear	0	0
IRS990/InvestmentInJointVenture	0	false
IRS990/LoanToOfficerOrDQP	0	false
IRS990/LobbyingActivities	0	false
IRS990/LocalChapters	0	false
IRS990/MaterialDiversionOrMisuse	0	false
IRS990/MembersOrStockholders	0	false
IRS990/MethodOfAccountingCash	0	X
IRS990/MinutesOfCommittees	0	true
IRS990/MinutesOfGoverningBody	0	true
IRS990/MissionDescription	0	TO AWARD COLLEGE SCHOLARSHIPS TO HIGH ACHIEVERS
IRS990/MoreThan5000KToIndividuals	0	false
IRS990/MoreThan5000KToOrganizations	0	false
IRS990/NameOfPrincipalOfficerPerson	0	EDWARD CHAPMAN
IRS990/NbrIndependentVotingMembers	0	3
IRS990/NbrVotingGoverningBodyMembers	0	4
IRS990/NbrVotingMembersGoverningBody	0	4
IRS990/NetAssetsOrFundBalancesBOY	0	5822
IRS990/NetAssetsOrFundBalancesEOY	0	92
IRS990/NoListedPersonsCompensated	0	X
IRS990/NonDeductibleContributions	0	false
IRS990/NumberFormsTransmittedWith1096	0	0
IRS990/NumberIndependentVotingMembers	0	3
IRS990/NumberOfEmployees	0	0
IRS990/NumberW2GIncluded	0	0
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IRS990/OfficerMailingAddress	0	false
IRS990/Organization501c3	0	X
IRS990/OtherExpensePriorYear	0	7513
IRS990/OtherExpensesCurrentYear	0	6270
IRS990/OtherExpenses/Description	0	SCHOLARSHIP AWARDS
IRS990/OtherExpenses/Description	1	CONFERENCE FEE
IRS990/OtherExpenses/Description	2	LICENSES & FEES
IRS990/OtherExpenses/ProgramServices	0	6000
IRS990/OtherExpenses/ProgramServices	1	250
IRS990/OtherExpenses/ProgramServices	2	20
IRS990/OtherExpenses/Total	0	6000
IRS990/OtherExpenses/Total	1	250
IRS990/OtherExpenses/Total	2	20
IRS990/OtherRevenueCurrentYear	0	0
IRS990/PartialLiquidation	0	false
IRS990/PoliticalActivities	0	false
IRS990/PriorExcessBenefitTransaction	0	false
IRS990/ProfessionalFundraising	0	false
IRS990/ProgramServiceRevenueCY	0	0
IRS990/ProhibitedTaxShelterTrans	0	false
IRS990/ReconcilationRevenueExpenses	0	-5730
IRS990/RelatedEntity	0	false
IRS990/RelatedOrgControlledEntity	0	false
IRS990/ReportFin48Footnote	0	false
IRS990/ReportInvestOthSecurities	0	false
IRS990/ReportLandBldgEquip	0	false
IRS990/ReportOtherAssets	0	false
IRS990/ReportOtherLiabilities	0	false
IRS990/ReportProgRelInvest	0	false
IRS990/RevenuesLessExpensesCY	0	-5730
IRS990/RevenuesLessExpensesPriorYear	0	-1568
IRS990/SalariesEtcCurrentYear	0	0
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear	0	540
IRS990ScheduleA/GiftsGrantsContribReceived509/Total	0	540
IRS990ScheduleA/InvestmentIncomePercentage	0	0.00000
IRS990ScheduleA/PriorYearSupportPercentage	0	1.00000
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	1.00000
IRS990ScheduleA/PublicSupportTotal509	0	540
IRS990ScheduleA/ThirtyThreePercntTestsCY509	0	X
IRS990ScheduleA/Total509/CurrentTaxYear	0	540
IRS990ScheduleA/Total509/Total	0	540
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear	0	540
IRS990ScheduleA/TotalSupportTotal/Total	0	540
IRS990/ScheduleBRequired	0	false
IRS990/ScheduleJRequired	0	false
IRS990ScheduleO/GeneralExplanation/Explanation	0	NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/GeneralExplanation/Explanation	1	NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/GeneralExplanation/Explanation	2	PERIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/GeneralExplanation/Identifier	0	ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier	1	GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired	0	false
IRS990/School	0	false
IRS990/SignificantChange	0	false
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IRS990/TaxablePartyNotification	0	false
IRS990/TaxExemptBonds	0	false
IRS990/Terminated	0	false
IRS990/TermOrPermanentEndowments	0	false
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IRS990/TheBooksAreInCareOf/AddressUS/City	0	DETROIT
IRS990/TheBooksAreInCareOf/AddressUS/State	0	MI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode	0	48204
IRS990/TheBooksAreInCareOf/NamePerson	0	EDWARD CHAPMAN
IRS990/TheBooksAreInCareOf/TelephoneNumber	0	3138345597
IRS990/TotalAssets/BOY	0	5822
IRS990/TotalAssetsBOY	0	5822
IRS990/TotalAssets/EOY	0	92
IRS990/TotalAssetsEOY	0	92
IRS990/TotalCompGT150K	0	false
IRS990/TotalContributions	0	540
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IRS990/TotalExpensesPriorYear	0	7513
IRS990/TotalFunctionalExpenses/Fundraising	0	0
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IRS990/TotalFundrsngExpCurrentYear	0	0
IRS990/TotalGrossUBI	0	0
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IRS990/TotalNbrEmployees	0	0
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IRS990/UnrestrictedNetAssets/BOY	0	5822
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IRS990/WhistleblowerPolicy	0	false
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	383383097
ReturnHeader/Filer/Name/BusinessNameLine1	0	MAJESTIC EDUCATION FOUNDATION INC
ReturnHeader/Filer/NameControl	0	MAJE
ReturnHeader/Filer/Phone	0	3138345597
ReturnHeader/Filer/USAddress/AddressLine1	0	5040 JOY ROAD
ReturnHeader/Filer/USAddress/City	0	DETROIT
ReturnHeader/Filer/USAddress/State	0	MI
ReturnHeader/Filer/USAddress/ZIPCode	0	482042296
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ReturnHeader/Officer/DateSigned	0	2013-10-31
ReturnHeader/Officer/Name	0	EDWARD CHAPMAN
ReturnHeader/Officer/Phone	0	3138345597
ReturnHeader/Officer/Title	0	PRESIDENT
ReturnHeader/Preparer/DatePrepared	0	2013-11-05
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	KUDERIK & ASSOCIATES PLLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	32121 WOODWARD AVE STE 202
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	ROYAL OAK
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	MI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	480730999
ReturnHeader/Preparer/Name	0	JOHN E KUDERIK CPA
ReturnHeader/Preparer/Phone	0	2488357755
ReturnHeader/ReturnType	0	990
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2013-11-05T15:31:27-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $92
Liabilities: $0
Net assets: $92
Revenue: $540
Expenses: $6,270
Net income: -$5,730

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$7.31	$0.00	$7.31	$8.11	$5.50	$2.61
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.70	$0.00	$4.70	$5.90	$7.02	$1.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.	$5.82	$0.00	$5.82	$4.00	$6.00	$2.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$7.82	$0.00	$7.82	$5.28	$2.02	$3.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.56	$0.00	$4.56	$3.94	$5.68	$1.74
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$5.97	$0.00	$5.97	$5.78	$7.10	$1.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$7.29	$0.00	$7.29	$3.71	$2.32	$1.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.90	$0.00	$5.90	$5.32	$2.02	$3.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.60	$0.00	$2.60	$6.13	$6.02	$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.49	$0.00	$2.49	$7.41	$5.25	$2.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.33	$0.00	$0.33	$6.26	$6.02	$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.09	$0.00	$0.09	$0.54	$6.27	$5.73
2011Summary only. Only limited summary data is available for this year.	$7.39	$0.00		$15.8	$9.53	$6.23