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Nonprofit · EIN 38-2785496

FRASER AREA EDUCATIONAL FOUNDATION

Tax-exempt · FRASER, MI 48026

Financials

$136K$25K2023$39K$88K2024
Revenue Expenses · by fiscal year end
Financials of FRASER AREA EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$39,377$87,942-$48,565$342,259–$342,259
June 30, 2024990-EZ$136,217$25,295$110,922$390,824–$390,824
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$17,558
Investment income
$11,081
Net income from fundraising events
$10,738

Expenses

Grants and similar amounts paid
$86,702
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$675
Other expenses
$565
Program services (functional)
$86,702

Balance sheet and other

Total assets, start of year
$390,824
Total assets, end of year
$342,259
Total liabilities, end of year
–
Net assets, end of year
$342,259
Cash, savings and investments
$342,259
Gross receipts
$54,951

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DEUANE MARTINPRESIDENT1$0
CHRIS SKRUBAVICE PRESIDE1$0
ANDREA AGRUSATREASURER1$0
KRISTIN SOMMERSECRETARY1$0
JAMES WALSHTRUSTEE1$0
SHARRON HENDERSONTRUSTEE1$0
NORMA KRUSSMANTRUSTEE1$0
GERARD GAUTHIERTRUSTEE1$0
BETH GAUTHIERTRUSTEE1$0
BEV BELZYTTRUSTEE1$0
990-EZ for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
DEUANE MARTINPRESIDENT1$0
CHRIS SKRUBAVICE PRESIDE1$0
KRISTIN SOMMERSECRETARY1$0
ANDREA AGRUSATREASURER1$0
CAROL NINETRUSTEE1$0
JAMES WALSHTRUSTEE1$0
SHARRON HENDERSONTRUSTEE1$0
GERARD GAUTHIERTRUSTEE1$0
BETH GAUTHIERTRUSTEE1$0
NORMA KRUSSMANTRUSTEE1$0

Address and contacts

Address (IRS master file)
33466 GARFIELD RD, FRASER, MI 48026-1892
Signed the 990-EZ
ANDREA AGRUSA, TREASURER
Phone
(586) 439-7034
Return prepared by
BUSS & COMPANY PC

Mission

TO ENRICH THE EDUCATIONAL PROGRAMS OF THE FRASER PUBLIC SCHOOLS

990-EZ for the year ended June 30, 2025

Program accomplishments

  • CLASSROOM MINIGRANTS ENRICH THE STUDENT CURRICULUM ABOVE REGULAR FUNDING SOURCES. PROJECT COSTS INVOLVED FRASER INSTRUCTORS AND AFFECTED STUDENTS AT VARIOUS LEVELS.
    Expenses $77,702 · grants $77,702
  • SCHOLARSHIP FUNDS HAVE BEEN ESTABLISHED IN THE NAMES OF JERRY DEBONO AND DR. GARY MATSCHE TO AWARD SCHOLARSHIPS TO OUTSTANDING STUDENTS.
    Expenses $9,000 · grants $9,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

IRS record

EIN
38-2785496
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1988
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$342,259
Income (IRS master file)
$54,951

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$39,377$87,942$342,259IRS
990-EZJune 2024$136,217$25,295$390,824XML
990-EZJune 2023–––IRS
990-EZJune 2022–––IRS
990-EZJune 2021–––IRS
990-EZJune 2020–––IRS
990-EZJune 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2785496).

Questions about FRASER AREA EDUCATIONAL FOUNDATION

What is the EIN of FRASER AREA EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of FRASER AREA EDUCATIONAL FOUNDATION is 38-2785496.
Is FRASER AREA EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to FRASER AREA EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRASER AREA EDUCATIONAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRASER AREA EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRASER AREA EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of FRASER AREA EDUCATIONAL FOUNDATION?
The 990-EZ for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does FRASER AREA EDUCATIONAL FOUNDATION have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $39,377, expenses of $87,942 and total assets of $342,259 at year end.

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