Overview
What is Sc Development Unit 14 Inc?
Sc Development Unit 14 Inc is a supporting organization situated in Livonia, Michigan. Its primary function is to aid Schoolcraft College, a higher learning institution, by managing real property ownership and leasing. The organization collects income from these activities and passes on its share, after deducting expenses, to Schoolcraft College. The primary objective of Sc Development Unit 14 Inc is to support Schoolcraft College, its students, and the broader educational community. By engaging in development management services, it contributes to the growth and success of this educational institution.
Is Sc Development Unit 14 Inc legitimate?
Sc Development Unit 14 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sc Development Unit 14 Inc 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 Sc Development Unit 14 Inc?
Sc Development Unit 14 Inc is an organization that has a mission to support a higher learning institution, specifically Schoolcraft College. Their primary goal is to contribute to the college and its community as a whole. This support is primarily achieved through the collection of income from real property ownership and leasing, as well as development management services. The income generated from these activities, after deducting expenses, is then transferred to Schoolcraft College for its use. The organization's primary role is to aid and assist the college in its operations, thereby contributing positively to the educational community.
Who is the CEO of Sc Development Unit 14 Inc?
Jon Lamb is the Director & President of Sc Development Unit 14 Inc.
What is the revenue of Sc Development Unit 14 Inc?
Sc Development Unit 14 Inc's revenue in 2023 was $1,868,550.
Who are the executives of Sc Development Unit 14 Inc and what are their salaries?
There 3 volunteers at Sc Development Unit 14 Inc.
Here are 5 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
Where can I find the form 990 for Sc Development Unit 14 Inc?
Sc Development Unit 14 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sc Development Unit 14 Inc
Sc Development Unit 14 Inc, as a supporting organization, is dedicated to aiding Schoolcraft College and its educational community. Its mission is centered around providing financial support and development management services. By collecting income from real property ownership and leasing, and managing these activities, Sc Development Unit 14 Inc generates funds. It then transfers a substantial portion of these earnings to Schoolcraft College, a higher learning institution, which controls the corporation. This financial contribution enables Schoolcraft College to continue its educational mission, benefiting its students and the broader educational community. Sc Development Unit 14 Inc plays a crucial role in supporting Schoolcraft College, thereby contributing to the advancement of higher education.
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Impact
October, 2024
Sc Development Unit 14 Inc significantly impacts the educational landscape by providing substantial financial support to Schoolcraft College and its students. By managing income from real property ownership and leasing, the organization funnels resources directly to the college, which enhances its ability to serve and nurture its educational community.
The funds generated enable Schoolcraft College to improve facilities, expand academic programs, and provide scholarships, ultimately contributing to a higher quality of education for students. This partnership fosters a dynamic learning environment, ensuring that students have access to the resources they need to succeed. In essence, Sc Development Unit 14 Inc plays a crucial role in strengthening local higher education, benefiting not only the college and its students but also the broader community in Livonia, Michigan.
This information is meant to be a general summary of Sc Development Unit 14 Inc. 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: $209,546
- Gross Receipts: $1,868,550
Assets and Liabilities:
- Total Assets: $12,642,587
- Total Liabilities: $0
- Net Assets: $12,642,587
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Organization Details
Founding Year
2015
Phone
(248) 353-7620Principal Officer
Jon Lamb
Main Address
18600 HAGGERTY ROAD, LIVONIA, MI, 48152
NTEE Category
Code: B11 - Education
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