Civic Intelligence

Emily Victoria Solek Memorial Scholarship Fund

EIN 85-1540121 • 501(c)3 • Rochester Hills, MI

Profile

THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND provides assistance for higher education to a graduate of Stoney Creek High School, Rochester Hills, Michigan. On an annual basis, a student pursuing a college degree will be awarded financial assistance, for their higher education expenses. Qualifications will be based on character and academic achievement. Financial need may also be a consideration. The fund is organized exclusively for educational purposes, including but not limited to, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or corresponding section(s) of any future federal tax code. This fund created an endowment with the Rochester Community Schools Foundation (TIN 38-3269615) who is responsible for administering the application and selection process for the scholarship recipient each year.

1796 TracekyRochester Hills, MI 48306

emilysolek.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

59th percentile

2.4%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-76%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$146,576

Up $3,496 (+2.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$146,576

Up $3,496 (+2.4%) from 2021

Revenue

Down

$3,895

Down $12,111 (-76%) from 2021

Expenses

Down

$399

Down $24,805 (-98%) from 2021

Net Income

Up

$3,496

Up $12,694 (+138%) from 2021

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $152,278Liabilities 2020: $0Net Assets 2020: $152,2782020Assets 2021: $143,080Liabilities 2021: $0Net Assets 2021: $143,0802021Assets 2022: $146,576Liabilities 2022: $0Net Assets 2022: $146,5762022

Highlighted filing

2022

Assets$146,576
Liabilities$0
Net Assets$146,576

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $261,413Expenses 2020: $109,135Net Income 2020: $152,2782020Revenue 2021: $16,006Expenses 2021: $25,204Net Income 2021: -$9,1982021Revenue 2022: $3,895Expenses 2022: $399Net Income 2022: $3,4962022

Highlighted filing

2022

Revenue$3,895
Expenses$399
Net Income$3,496

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$4,891
Mission and Program Overview

Mission

THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND provides assistance for higher education to a graduate of Stoney Creek High School, Rochester Hills, Michigan. On an annual basis, a student pursuing a college degree will be awarded financial assistance, for their higher education expenses. Qualifications will be based on character and academic achievement. Financial need may also be a consideration. The fund is organized exclusively for educational purposes, including but not limited to, the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code, or corresponding section(s) of any future federal tax code. This fund created an endowment with the Rochester Community Schools Foundation (TIN 38-3269615) who is responsible for administering the application and selection process for the scholarship recipient each year.

Program Services

DescriptionGrantsExpenses
The Emily Victoria Solek Memorial Scholarship Fund focused on generating contribution revenue to attain assets for the primary purpose of awarding a scholarship each year to a graduate of Stoney Creek High School in Rochester Hills, Michigan. Substantial donations were received and an endowment fund of $100,000 was set up with the nonprofit organization, the Rochester Community Schools Foundation (TIN 38-3269615), during its initial year in 2020. During 2021, another $25,000 was contributed to the same foundation. The first scholarship was awarded in 2021. The Rochester Community Schools Foundation will administer the application process for the Emily Victoria Solek Memorial Scholarship as well as other local scholarships. The Rochester Community Schools Foundation will also select the recipient of the Emily Victoria Solek Memorial Scholarship, subject to the approval of the Board of Directors of The Emily Victoria Solek Memorial Scholarship Fund. The endowment is held in investment and managed by The Rochester Community Schools Foundation's investment advisor and is governed by its Board of Directors. During 2021 and 2022, two events were held to generate donations. First, "Emily's Picnic" was held in the springs in Ann Arbor, MI and included a bake sale and sale of t-shirts. Secondly, a memorial soccer tournament was held during the falls of 2021 and 2022 which included a tournament format for playing soccer and sale of food, beverages, and t-shirts and solicited donations for the scholarship fund.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent SolekPresident And Director-$0--
Amy SolekSecretary, Treasurer, And Director-$0--
Courtney SolekDirector-$0--
Filing and Contact Details

Filer

Filer Name
Emily Victoria Solek Memorial Scholarship Fund
EIN
85-1540121
Phone
2484599644
Address
1796 Traceky, Rochester Hills, MI 48306

Signing Officer

Name
Amy Solek
Title
Secretary
Phone
2484599664
Signed
2023-11-13
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Website hosting and miscellaneous expenses

Raw XML Appendix155 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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