Nonprofit · EIN 92-2760615
SCHOOL FINANCE RESEARCH FOUNDATION
Tax-exempt · LANSING, MI 48933
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $833,372 | $10,043,313 | -$9,209,941 | $16,775,471 | $35 | $16,775,436 |
| December 31, 2024 | 990 | $1,266,304 | $15,463,581 | -$14,197,277 | $26,596,064 | $610,687 | $25,985,377 |
| December 31, 2023 | 990 | $41,033,301 | $850,647 | $40,182,654 | $40,319,177 | $136,523 | $40,182,654 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $833,372
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,797
- Accounting fees
- $5,917
- Travel
- $1,776
- Program services (functional)
- $10,043,313
Balance sheet and other
- Total assets, start of year
- $26,596,064
- Total assets, end of year
- $16,775,471
- Total liabilities, end of year
- $35
- Net assets, end of year
- $16,775,436
- Gross receipts
- $833,372
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- MI
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Daveda Colbert | President Trustee or director | 2 | $0 |
| Jason Mellema | Treasurer Trustee or director | 2 | $0 |
| Jamie Huber | Vice President Trustee or director | 2 | $0 |
| Dr Teresa Belote | Trustee Trustee or director | 1 | $0 |
| Mike DeVault | Trustee Trustee or director | 1 | $0 |
| Paul Hungerford | Trustee Trustee or director | 1 | $0 |
| Dr Tara Mager | Trustee Trustee or director | 1 | $0 |
| Dr Steven Tunnicliff | Trustee Trustee or director | 1 | $0 |
| Dr Gregory Nyen | Trustee Trustee or director | 1 | $0 |
| Ron Gorman | Trustee Trustee or director | 1 | $0 |
| Dr Steven McNew | Secretary Trustee or director | 1 | $0 |
| Kenneth Gutman | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Daveda Colbert | President Trustee or director | 2 | $0 |
| Dr Nick Ceglarek | Vice President/Treasurer Trustee or director | 2 | $0 |
| Jamie Huber | Secretary Trustee or director | 2 | $0 |
| Dr Teresa Belote | Trustee Trustee or director | 1 | $0 |
| Mike DeVault | Trustee Trustee or director | 1 | $0 |
| Paul Hungerford | Trustee Trustee or director | 1 | $0 |
| Doug Leisenring | Trustee Trustee or director | 1 | $0 |
| Jason Mellema | Trustee Trustee or director | 1 | $0 |
| Dr Steven Tunnicliff | Trustee Trustee or director | 1 | $0 |
| Ron Gorman | Trustee Trustee or director | 1 | $0 |
| Dr Steven McNew | Trustee Trustee or director | 1 | $0 |
| Kenneth Gutman | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Wanda Cook Robinson | President Trustee or director | 2 | $0 |
| Dr Daveda Colbert | Vice President Trustee or director | 2 | $0 |
| Dr Nick Ceglarek | Treasurer Trustee or director | 2 | $0 |
| Jamie Huber | Secretary Trustee or director | 2 | $0 |
| Dr Teresa Belote | Trustee Trustee or director | 1 | $0 |
| Mike DeVault | Trustee Trustee or director | 1 | $0 |
| Paul Hungerford | Trustee Trustee or director | 1 | $0 |
| Doug Leisenring | Trustee Trustee or director | 1 | $0 |
| Jason Mellema | Trustee Trustee or director | 1 | $0 |
| Dr Steven Tunnicliff | Trustee Trustee or director | 1 | $0 |
| Ron Koehler | Trustee Trustee or director | 1 | $0 |
| Dr Steven McNew | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 230 N WASHINGTON SQ STE 101, LANSING, MI 48933-1312
- In care of
- % WANDA COOK-ROBINSON
- Principal officer (990 for 2025)
- Dr Daveda Colbert, 33500 Van Born Rd, Wayne, MI 48184
- Signed the 990
- Daveda Colbert, President
- Phone
- (248) 209-2000
Mission
The School Finance Research Foundation was formed for the following purposes: A. To complete the Michigan School Infrastructure Study and Michigan School Energy Audit as funded by the State of Michigan and defined in Sections 11y and 11aa of the State School Aid Act, Public Act 144 of 2022 (11y) and Public Act 103 of 2023 (11aa); B. To conduct other activities in further promotion of public education; C. To receive and administer funds for the benefit of public education and to lessen the financial burdens of the Michigan public schools and the Michigan Department of Education; D. To raise funds from governmental units and the general public to promote public education; and E. To do such things and to perform such acts to accomplish its purposes as the Board of Directors may determine to be appropriate and as are not forbidden by Section 501(c)(3) of the Code, with all the power conferred on nonprofit corporations under the laws of the State of Michigan.
Program accomplishments
- State allocated funds for the 11y Infrastructure Study - The Study will consist of non-invasive facility condition assessments of the approximately 3,000 school buildings operated by Michigan's over 500 public school districts. Pursuant to Section 11y, the School Finance Research Foundation ("SFRF") will engage third-party Michigan-based professional construction firms (the "Engineers") to perform the individual school building facility assessments. Following the assessments, the Engineers will report to SFRF either of the following: 1) What investments, if any, are required to ensure that the building meets health, safety, and wellness standards and the estimated cost of the investments, if the Engineer does not determine that the most cost-effective way to bring a building to health, safety, and wellness standards is new construction. 2) The estimated cost of the new construction that meets the education needs of the student population currently being served by the existing building if the Engineer determines that the most cost-effective way to bring a building to health, safety, and wellness standards is new construction. Once all building facility assessments are completed, the SFRF will share the information obtained with the local districts. Additionally, SFRF will aggregate and summarize all information and data received from the Engineers and prepare a final report summarizing the results of all building facility assessments and provide the final report to the Michigan House and Senate Appropriations Subcommittees on School Aid, the State of Michigan Budget Director, the House and Senate Fiscal Agencies, and the Michigan Department of Education, as required by Section 11y.Expenses $128,440
- State allocated funds for the 11aa Energy Audit - The Audit will consist of non-invasive assessments of the approximately 3,000 school buildings operated by Michigan's over 500 public school districts. Pursuant to Section 11aa, the School Finance Research Foundation ("SFRF") will engage qualified third-party Michigan-based professional firms (the "Firms") to perform the individual school building energy audits. Following the audits, the Firms will report to SFRF either of the following: 1) What investments, if any, are required to ensure that the building meets health, safety, and wellness standards and the estimated cost of the investments, if the Firm does not determine that the most cost-effective way to bring a building to health, safety, and wellness standards is new construction. 2) The estimated cost of the new construction that meets the education needs of the student population currently being served by the existing building if the Engineer determines that the most cost-effective way to bring a building to health, safety, and wellness standards is new construction. Once all building energy audits are completed, the SFRF will share the information obtained with the local districts. Additionally, SFRF will aggregate and summarize all information and data received from the Firms and prepare a final report summarizing the results of all building energy audits and provide the final report to the Michigan House and Senate Appropriations Subcommittees on School Aid, the State of Michigan Budget Director, the House and Senate Fiscal Agencies, and the Michigan Department of Education, as required by Section 11aa.Expenses $9,914,873
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2760615
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $16,775,471
- Income (IRS master file)
- $833,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $833,372 | $10,043,313 | $16,775,471 | XML |
| 990 | December 2024 | $1,266,304 | $15,463,581 | $26,596,064 | IRS |
| 990 | December 2023 | $41,033,301 | $850,647 | $40,319,177 | XML |
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 92-2760615).
Questions about SCHOOL FINANCE RESEARCH FOUNDATION
- What is the EIN of SCHOOL FINANCE RESEARCH FOUNDATION?
- The employer identification number (EIN) of SCHOOL FINANCE RESEARCH FOUNDATION is 92-2760615.
- Is SCHOOL FINANCE RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SCHOOL FINANCE RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOOL FINANCE RESEARCH 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 SCHOOL FINANCE RESEARCH FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHOOL FINANCE RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SCHOOL FINANCE RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 names Dr Daveda Colbert.
- Who are the officers and directors of SCHOOL FINANCE RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SCHOOL FINANCE RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $833,372, expenses of $10,043,313 and total assets of $16,775,471 at year end.
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