Civic Intelligence

Education Foundation of Monroe

EIN 38-3558666 • 501(c)3 • Monroe, MI

Profile

Provide teacher mini grants for use in the instruction of k-12 students and award college scholarships to high school seniors.

1275 N Macomb StMonroe, MI 48162

www.monroe.k12.mi.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

9.0%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

43%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,864,730

Up $153,951 (+9.0%) from 2023

Liabilities

Down

$0

Down $90 (-100%) from 2023

Net Assets

Up

$1,864,730

Up $154,041 (+9.0%) from 2023

Revenue

Up

$156,021

Up $46,916 (+43%) from 2023

Expenses

Up

$92,289

Up $706 (+0.8%) from 2023

Net Income

Up

$63,732

Up $46,210 (+264%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $264,423Liabilities 2014: $0Net Assets 2014: $264,4232014Assets 2015: $929,744Liabilities 2015: $0Net Assets 2015: $929,7442015Assets 2017: $1,024,787Liabilities 2017: $0Net Assets 2017: $1,024,7872017Assets 2018: $1,080,847Liabilities 2018: $0Net Assets 2018: $1,080,8472018Assets 2019: $1,103,962Liabilities 2019: $0Net Assets 2019: $1,103,9622019Assets 2020: $1,084,261Liabilities 2020: $0Net Assets 2020: $1,084,2612020Assets 2021: $1,794,607Liabilities 2021: $0Net Assets 2021: $1,794,6072021Assets 2022: $1,609,971Liabilities 2022: $0Net Assets 2022: $1,609,9712022Assets 2023: $1,710,779Liabilities 2023: $90Net Assets 2023: $1,710,6892023Assets 2024: $1,864,730Liabilities 2024: $0Net Assets 2024: $1,864,7302024

Highlighted filing

2024

Assets$1,864,730
Liabilities$0
Net Assets$1,864,730

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2014: $203,163Expenses 2014: $6,949Net Income 2014: $196,2142014Revenue 2015: $704,395Expenses 2015: $34,945Net Income 2015: $669,4502015Revenue 2017: $50,604Expenses 2017: $30,995Net Income 2017: $19,6092017Revenue 2018: $60,471Expenses 2018: $43,970Net Income 2018: $16,5012018Revenue 2019: $86,717Expenses 2019: $47,415Net Income 2019: $39,3022019Revenue 2020: -$2,457Expenses 2020: $66,195Net Income 2020: -$68,6522020Revenue 2021: $524,555Expenses 2021: $67,372Net Income 2021: $457,1832021Revenue 2022: $146,225Expenses 2022: $43,240Net Income 2022: $102,9852022Revenue 2023: $109,105Expenses 2023: $91,583Net Income 2023: $17,5222023Revenue 2024: $156,021Expenses 2024: $92,289Net Income 2024: $63,7322024

Highlighted filing

2024

Revenue$156,021
Expenses$92,289
Net Income$63,732

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2024
Return Version
2023v6.0
Gross Receipts
$231,008
Mission and Program Overview

Mission

Provide teacher mini grants for use in the instruction of k-12 students and award college scholarships to high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,164,046$1,312,577▲ $148,531
Cash and Non-Interest-Bearing Accounts$546,733$552,153▲ $5,420
Total Assets$1,710,779$1,864,730▲ $153,951
Liabilities
Accounts Payable and Accrued Expenses$90--
Total Liabilities$90$0▼ $90
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,710,689$1,864,730▲ $154,041
Total Net Assets Fund Balance$1,710,689$1,864,730▲ $154,041
Total Liabilities and Net Assets / Fund Balance$1,710,779$1,864,730▲ $153,951

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,164,046-▲ $98,958-$1,312,577
2023$1,122,533-▲ $116,605-$1,164,046
2022$1,299,879-▼ $156,785-$1,122,533
2021$1,070,240-▲ $274,436-$1,299,879
2020$1,080,870-▲ $38,786-$1,070,240
Compensation and Service Providers

Board Members and Trustees

NameTitle
Debbie ThorntonChair of the
John RayVice Chair O
Fran RayceTrustee
Juanita HatcherTrustee
Yvonne GnaedingerTrustee
Jamie Salzmann-thorneSecretary
Andrew ShawSuperintende
Cassandra ShookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,650
Program Service Revenue
$0
Investment Income
$72,938
Other Revenue
$433
All Other Contributions
$82,650
Change in Net Assets
$63,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,800
Other Expenses$35,489
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$56,800--$56,800
Other Expenses$7,227--$7,227
Insurance-$1,656-$1,656
Fees for Services Accounting-$1,300-$1,300
Total Functional Expenses$89,333$2,956$0$92,289
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$708
Fundraising Direct Expenses$275
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
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 and required schedules were emailed to education foundation members to review.

Form 990, Page 6, Part VI, Line 19

Bylaws, conflict of interest policy, and financial statements are posted on the website.

Filing and Contact Details

Filer

Filer Name
Education Foundation of Monroe
EIN
38-3558666
Phone
7342653000
Address
1275 N MACOMB ST, MONROE, MI 48162

Signing Officer

Name
Cassandra Shook
Title
Treasurer
Phone
7342653000
Signed
2024-04-30

Organization Details

Principal Officer
Cassandra Shook
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
CALKINS HEHL RAFKO CPA'S PLLC
Address
1 SOUTH MONROE, MONROE, MI 48161
Preparer
Sarah D Rafko
Phone
7342417200
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CASSANDRA SHOOK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07342653000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATION FOUNDATION OF MONROE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PUBLIC SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
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ReturnHeader/Filer/PhoneNum07342653000
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALKINS HEHL RAFKO CPA'S PLLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048161
ReturnHeader/PreparerPersonGrp/PhoneNum07342417200
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH D RAFKO
ReturnHeader/ReturnTs02025-05-07T10:54:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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