Kalamazoo Regional Educational Service Agency Foundation
- Assets
- $1.3m
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portage, MI
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 38-2478137
Organization Overview
Kalamazoo Regional Educational Service Agency Foundation is located in Portage, MI. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Regional Educational Service Agency Foundation 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 06/2022, Kalamazoo Regional Educational Service Agency Foundation generated $187.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $116.2k during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KALAMAZOO RESA FOUNDATION ENHANCES EDUCATIONAL EXCELLENCE THROUGHOUT KALAMAZOO COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS FOR THE SOLICITATION, MANAGEMENT AND DISBURSEMENT OF FUNDS FOR THE BENEFIT OF PROGRAMS OF THE KALAMAZOO EDUCATIONAL REGIONAL SERVICE AGENCY, AND FOR THE SPECIAL CAPITAL OUTLAY EXPENDITURES IN CONNECTION WITH EDUCATIONAL AND WORK TRAINING PROGRAMS DESIGNED TO DEVELOP JOB SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Martell Secretary | Officer | 1 | $0 |
Paige Daniels Y.o.u. Mi Wo | Officer | 1 | $0 |
Scott Thomas Treasurer | Officer | 1 | $0 |
David J Campbell President | Officer | 1 | $0 |
Nancy Gallihugh Trustee | Trustee | 1 | $0 |
Shirley Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,308 |
| Noncash contributions included in lines 1a–1f | $3,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,308 |
| Total Program Service Revenue | $0 |
| Investment income | $53,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,186,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,004 |
| Total assets | $1,259,414 |
| Accounts payable and accrued expenses | $73,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,930 |
| Net assets without donor restrictions | $489,837 |
| Net assets with donor restrictions | $695,647 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,259,414 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Kalamazoo Regional Educational Service Agency Foundation has recieved totaling $5,772,458.
| Awarding Organization | Amount |
|---|---|
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI PURPOSE: PROGRAM ASSISTANCE | $3,209,901 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: STRENGTHENING STUDENT SUPPORT SYSTEM OF CARE | $1,000,000 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: STRENGTHENING STUDENT SUPPORT SYSTEM OF CARE | $500,000 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: KALAMAZOO COUNTY TALKING IS TEACHING EARLY LITERACY CAMPAIGN | $400,000 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: SEEDS FOR SUCCESS | $400,000 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: SEEDS FOR SUCCESS | $200,000 |
Endowment Analysis
| Beg. Balance | $1,072,460 |
| Earnings | -$101,612 |
| Net Contributions | $72,301 |
| Other Expense | $36,403 |
| Ending Balance | $1,006,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Cincinnati Hills Christian Academy Inc Cincinnati, OH | $107,697,396 | $28,223,940 |
Hathaway Brown School Shaker Heights, OH | $155,426,410 | $32,118,161 |
Hebrew Academy Of Cleveland Cleveland Heights, OH | $67,295,611 | $38,136,745 |
Cincinnati Country Day School Cincinnati, OH | $38,516,908 | $24,344,886 |
Laurel School Shaker Heights, OH | $93,663,141 | $30,554,235 |