Overview
What is Schoolcraft Development Authority?
The Schoolcraft Development Authority is a nonprofit organization based in Livonia, Michigan. Its primary mission is to develop and manage land associated with Schoolcraft College, aiming to generate proceeds from this venture. These profits are then channeled exclusively towards educational programs at the college or its developmental entities. The Schoolcraft Development Authority operates with the primary objective of supporting and enhancing the educational initiatives within its sphere.
Is Schoolcraft Development Authority legitimate?
Schoolcraft Development Authority is a legitimate nonprofit organization registered as a 501(c)(4) entity. Schoolcraft Development Authority submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Schoolcraft Development Authority?
The Schoolcraft Development Authority's mission is centered around developing Schoolcraft College's land and distributing the net proceeds exclusively for educational programs. This organization operates with the primary goal of aiding Schoolcraft College or its development component units for charitable purposes. In essence, the Schoolcraft Development Authority serves to contribute financially to educational initiatives, utilizing the profits generated from its land development projects.
Who is the CEO of Schoolcraft Development Authority?
Jon Lamb is the President of Schoolcraft Development Authority.
What is the revenue of Schoolcraft Development Authority?
Schoolcraft Development Authority's revenue in 2023 was $1,299,301.
Who are the executives of Schoolcraft Development Authority and what are their salaries?
There 7 volunteers at Schoolcraft Development Authority.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $358,683
- Other: $177,293
- Compensation: $0
- Related: $192,174
- Other: $32,604
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Schoolcraft Development Authority?
Schoolcraft Development Authority's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Schoolcraft Development Authority
Schoolcraft Development Authority, a nonprofit organization, is dedicated to developing Schoolcraft College's land and distributing the net proceeds solely for educational programs. Their mission is centered around enhancing educational opportunities by utilizing the land's resources and profits for charitable purposes within the Schoolcraft College system. The Authority grants funds to various development components of the college, contributing to its growth and development for the betterment of educational programs.
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Impact
October, 2024
The Schoolcraft Development Authority plays a vital role in enhancing educational opportunities at Schoolcraft College. By developing land associated with the college, the authority generates net proceeds that are exclusively allocated to support various educational programs. This financial support not only strengthens the college's resources but also facilitates the growth and improvement of its educational offerings.
The impact of this initiative is significant, as it directly benefits students and the community through enhanced academic programs, scholarships, and other charitable purposes. By investing in educational development, the Schoolcraft Development Authority contributes to the overall growth of the college, enriching the learning environment and promoting a culture of academic excellence in Livonia, MI.
This information is meant to be a general summary of Schoolcraft Development Authority. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $902,558
- Gross Receipts: $1,299,301
Assets and Liabilities:
- Total Assets: $25,004,026
- Total Liabilities: $25,953,403
- Net Assets: -$949,377
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Organization Details
Founding Year
1986
Phone
(734) 462-4416Principal Officer
Jon Lamb
Main Address
18600 HAGGERTY ROAD JC233, LIVONIA, MI, 48152
NTEE Category
Code: B11 - Education
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