Civic Intelligence

Zeeland Education Foundation

990 • Fiscal year 2022 • EIN 82-1829249

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 18, 2023

183 W Roosevelt AveZeeland, MI 49464

(616) 748-3000

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$13,750

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

13th percentile

-15%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,168,034

Down $374,202 (-15%) from 2021

Net Assets

Down

$2,166,653

Down $375,583 (-15%) from 2021

Liabilities

Up

$1,381

Up $1,381 from 2021

Revenue

Down

$173,616

Down $640,589 (-79%) from 2021

Expenses

Up

$195,521

Up $106,384 (+119%) from 2021

Net Income

Down

-$21,905

Down $746,973 (-103%) from 2021

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 2017: $1,135,174Liabilities 2017: $0Net Assets 2017: $1,135,1742017Assets 2018: $1,304,518Liabilities 2018: $56,000Net Assets 2018: $1,248,5182018Assets 2019: $1,521,919Liabilities 2019: $37,000Net Assets 2019: $1,484,9192019Assets 2020: $1,701,184Liabilities 2020: $0Net Assets 2020: $1,701,1842020Assets 2021: $2,542,236Liabilities 2021: $0Net Assets 2021: $2,542,2362021Assets 2022: $2,168,034Liabilities 2022: $1,381Net Assets 2022: $2,166,6532022Assets 2023: $2,559,626Liabilities 2023: $1,325Net Assets 2023: $2,558,3012023Assets 2024: $2,954,338Liabilities 2024: $1,466Net Assets 2024: $2,952,8722024

Highlighted filing

2022

Assets$2,168,034
Liabilities$1,381
Net Assets$2,166,653

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $156,149Expenses 2017: $80,985Net Income 2017: $75,1642017Revenue 2018: $310,647Expenses 2018: $110,768Net Income 2018: $199,8792018Revenue 2019: $226,763Expenses 2019: $125,459Net Income 2019: $101,3042019Revenue 2020: $224,070Expenses 2020: $76,505Net Income 2020: $147,5652020Revenue 2021: $814,205Expenses 2021: $89,137Net Income 2021: $725,0682021Revenue 2022: $173,616Expenses 2022: $195,521Net Income 2022: -$21,9052022Revenue 2023: $472,496Expenses 2023: $206,857Net Income 2023: $265,6392023Revenue 2024: $511,011Expenses 2024: $162,403Net Income 2024: $348,6082024

Highlighted filing

2022

Revenue$173,616
Expenses$195,521
Net Income-$21,905
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$183,271
Mission and Program Overview

Mission

The goal is to raise private funds to enhance academic excellence for all students of zeeland public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,322,071$2,010,371▼ $311,700
Cash and Non-Interest-Bearing Accounts$216,785$151,507▼ $65,278
Pledges and Grants Receivable$3,380$6,156▲ $2,776
Total Assets$2,542,236$2,168,034▼ $374,202
Liabilities
Other Liabilities-$1,381-
Total Liabilities$0$1,381▲ $1,381
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,322,071$2,010,371▼ $311,700
Net Assets Without Donor Restrictions$220,165$156,282▼ $63,883
Total Net Assets Fund Balance$2,542,236$2,166,653▼ $375,583
Total Liabilities and Net Assets / Fund Balance$2,542,236$2,168,034▼ $374,202

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,322,071$4,700▼ $285,204-$2,010,371
2021$1,517,716$530,723▲ $273,632-$2,322,071
2020$1,280,306$42,554▲ $194,856-$1,517,716
2019$904,216$207,441▲ $168,649-$1,280,306
2018$802,788$162,710▼ $61,282-$904,216
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa GhiardiExecutive DiPT$13,750$13,750

Board Members and Trustees

NameTitle
Tom DenherderPresident
Amy NashDirector
Brandi MendhamDirector
Brandy NavettaDirector
Cal DekuiperDirector
Gary FeenstraDirector
Jim EickhoffDirector
Jim SchoettleDirector
Julie PaterickDirector
Korey ThomasDirector
Leslee LewisDirector
Mary Beth TimmerDirector
Matt StolzDirector
Nikki KleinhekselDirector
Rick VandorpDirector
Sara StevensDirector
Sarai VanderwoodDirector
Chris PollackSecretary
Andy JohnsonTreasurer
Bob BishopVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$27,150
Program Service Revenue
$0
Investment Income
$82,025
Other Revenue
$64,441
All Other Contributions
$27,150
Change in Net Assets
$-21,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$153,983
Other Expenses$26,513
Salaries, Compensation, and Employee Benefits$15,025
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$153,983--$153,983
Fees for Service Investment Mgmnt Fees-$13,911-$13,911
Other Salaries and Wages-$13,750-$13,750
Office Expenses-$10,705-$10,705
Advertising-$1,897-$1,897
Payroll Taxes-$1,275-$1,275
Total Functional Expenses$153,983$41,538$0$195,521
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Zeeland Public SchoolsZeeland, MI-Academic Resources$153,983
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$74,096
Fundraising Direct Expenses$9,655
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fowl Play Dinne$74,096$74,096$1,817$72,279
Total Events$74,096$74,096$9,655$64,441
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$1,381
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 2

Sara stevens tom denherder director president niece / uncle sara stevens nikki kleinheksel director director sisters-in-law

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

A copy of the tax return was made available to board members to review and comment on prior to filing the tax return.

Form 990, Page 6, Part VI, Line 12C

We enforce compliance with annual disclosures, review by the president, and required disclosures at any meeting where a conflict arises.

Form 990, Page 6, Part VI, Line 19

Financial statements are included in an annual report sent out to the community. Governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Zeeland Education Foundation
EIN
82-1829249
Address
183 W ROOSEVELT AVE, ZEELAND, MI 49464

Signing Officer

Name
Tom Denherder
Title
President
Signed
2023-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Denherder
Formed
2015
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
10

Preparer

Firm
Geenen and Kolean Pc
Address
246 SOUTH RIVER AVENUE SUITE 201, HOLLAND, MI 49423
Preparer
John a Johnson
Phone
6163930398
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IRS990/MissionDesc0THE GOAL IS TO RAISE PRIVATE FUNDS TO ENHANCE ACADEMIC EXCELLENCE FOR ALL STUDENTS OF ZEELAND PUBLIC SCHOOLS.
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0153983
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ACADEMIC RESOURCES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ZEELAND PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0386003307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0183 W ROOSEVELT AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ZEELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049464
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SARA STEVENS TOM DENHERDER DIRECTOR PRESIDENT NIECE / UNCLE SARA STEVENS NIKKI KLEINHEKSEL DIRECTOR DIRECTOR SISTERS-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE TAX RETURN WAS MADE AVAILABLE TO BOARD MEMBERS TO REVIEW AND COMMENT ON PRIOR TO FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE ENFORCE COMPLIANCE WITH ANNUAL DISCLOSURES, REVIEW BY THE PRESIDENT, AND REQUIRED DISCLOSURES AT ANY MEETING WHERE A CONFLICT ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE INCLUDED IN AN ANNUAL REPORT SENT OUT TO THE COMMUNITY. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0195521

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