Gull Lake Community Schools Foundation
- Assets
- $1.2m
- Revenue
- $279.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Richland, MI
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 38-2489077
Organization Overview
Gull Lake Community Schools Foundation is located in Richland, MI. The organization was established in 1984. 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. Gull Lake Community Schools 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, Gull Lake Community Schools Foundation generated $279.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $228.1k during the year ending 06/2022. While expenses have increased by 2.8% 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
TO PARTNER WITH THE GULL LAKE COMMUNITY SCHOOLS TO EXPAND AND ENRICH EVERY STUDENT'S EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE GULL LAKE COMMUNITY SCHOOL DISTRICT.
COLLEGE SCHOLARSHIPS
DISTINQUISHED ACADEMIC AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Comar Chairperson | OfficerTrustee | 0.5 | $0 |
Jay Garside Treasurer | OfficerTrustee | 0.5 | $0 |
Becky Eldridge Secretary | OfficerTrustee | 0.5 | $0 |
Mike Brundage Co - Treasur | Trustee | 0.5 | $0 |
Mari Draeger Trustee | Trustee | 0.5 | $0 |
Linda Engle Trustee | Trustee | 0.5 | $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 | $207,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,368 |
| Total Program Service Revenue | $0 |
| Investment income | $67,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,342 |
| Grants and other assistance to domestic individuals. | $77,102 |
| 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 | $7,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,360 |
| Fees for services: Other | $6,600 |
| Advertising and promotion | $7,699 |
| Office expenses | $8,899 |
| 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 | $228,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,126 |
| Savings and temporary cash investments | $212,599 |
| 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 | $948,861 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,200,586 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $443,434 |
| Net assets with donor restrictions | $757,152 |
| 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 | $1,200,586 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Gull Lake Community Schools Foundation has recieved totaling $61,144.
| Awarding Organization | Amount |
|---|---|
James R Ryan Family Foundation Delton, MI PURPOSE: READ AND RIDE PROGRAM | $40,000 |
Vander Molen Family Foundation Hickory Corners, MI PURPOSE: PROGRAM SERVICES | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,730 |
Cross Family Foundation Richland, MI PURPOSE: GENERAL FUNDING | $2,000 |
Hammond Foundation Kalamazoo, MI PURPOSE: SUPPORT | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Endowment Analysis
| Beg. Balance | $397,292 |
| Earnings | $6,872 |
| Admin Expense | $2,524 |
| Net Contributions | $20,000 |
| Grants | $18,786 |
| Ending Balance | $402,854 |
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 |