Ed & Irene Fleis Education Fund Inc
- Assets
- $1.3m
- Revenue
- $171.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Norton Shores, MI
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-0302442
Organization Overview
Ed & Irene Fleis Education Fund Inc is located in Norton Shores, MI. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ed & Irene Fleis Education Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ed & Irene Fleis Education Fund Inc generated $171.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $122.0k during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ed & Irene Fleis Education Fund Inc has awarded 554 individual grants totaling $590,399. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND GRANTS SCHOLARSHIPS TO STUDENTS PURSUING A POST-HIGH SCHOOL DEGREE/CERTIFICATE. SCHOLARSHIPS ARE AWARDED BASED ON BEING A RESIDENT OR LINEAL DESCENDENT THAT LIVED OR IS LIVING IN SOLON AND CENTERVILLE TOWNSHIPS AND LEELANAU COUNTY, MICHIGAN. SELECTION IS BASED ON A FINANCIAL NEED AS DETERMINED BY THEIR FAFSA SCORE. (EFC) THE SELECTION PROCESS IS OVERSEEN BY A THIRD PARTY ORGANIZATION AND IS NOT INFLUENCED BY THE DIRECTORS OF THE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore A Fleis Director | 8 | $0 | |
Edward M Fleis Director | 2 | $0 | |
Joan Gauthier Director | 1 | $0 | |
Lawrence Fleis Director | 4 | $0 | |
Ruth Ann Smith Director | 1 | $0 | |
Mary Jane Steup Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,553 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,502 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,320 |
| Total Revenue | $171,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,455 |
| Other expenses | $23,378 |
| Total operating and administrative expenses | $29,647 |
| Contributions, gifts, grants paid | $92,400 |
| Total expenses and disbursements | $122,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,619 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $925,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,342,601 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $414 |
| Total liabilities | $414 |
Grants Awarded
Over the last fiscal year, Ed & Irene Fleis Education Fund Inc has awarded $92,400 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AARON LINGUAR PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |
ABIGAIL PEASE PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |
ABIGAIL WILSON PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |
ALEX FLEIS PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |
ALEX FLORES PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |
ARYNE DREWS PURPOSE: FINANCIAL SUPPORT LEADING TO A POST HIGH SCHOOL DEGREE | $1,200 |