Schoolcraft Development Authority Inc

Organization Overview

Schoolcraft Development Authority Inc is located in Livonia, MI. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Schoolcraft Development Authority Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Schoolcraft Development Authority Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 15.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP SCHOOLCRAFT COLLEGE LAND AND DISTRIBUTE NET PROCEEDS EXCLUSIVELY TO EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS TO SCHOOLCRAFT COLLEGE OR IT'S DEVELOPMENT COMPONENT UNITS FOR CHARITABLE PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Glenn Cerny
President
$0
Jon Lamb
Secretary/trasurer
$0
Robert R Nix II
Jd, Vice President
$0
Kathleen Lomako
Director
$0
Joan Gebhardt
Director
$0
James Fausone
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,351,250
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,351,250
Total Program Service Revenue$0
Investment income $903,006
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $373,511
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 $2,650,999

Grants Awarded

Over the last fiscal year, Schoolcraft Development Authority Inc has awarded $520,000 in support to 2 organizations.

Grant RecipientAmount

SC DEVELOPMENT UNIT 14 INC

Org PageRecipient Profile

Livonia, MI

PURPOSE: TO SUPPORT HIGHER EDUCATION

$500,000

SC SPORTS DOME INC

Org PageRecipient Profile

Livonia, MI

PURPOSE: TO SUPPORT HIGHER EDUCATION

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Schoolcraft Development Authority Inc has recieved totaling $1,351,250.

Awarding OrganizationAmount
Sc Health Sciences Inc

Livonia, MI

PURPOSE: TO SUPPORT HIGHER EDUCATION

$1,351,250
View Grant Recipient Profile

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