DEARBORN EDUCATION FOUNDATION

EIN: 363857599 501(c)(3)

DEARBORN, MI

Total Revenue
$268,478
Total Expenses
$284,665
Total Assets
$114,303
Net Assets
$95,828
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
CHASTITY TOWNSEND
Phone
3138273022
Tax Period
2022-07-01 to 2023-06-30

DEARBORN EDUCATION FOUNDATION, founded in 1992, is a small nonprofit that reported $268K in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE ADDITIONAL RESOURCES FOR SCHOOL EXPENDITURES AND PROGRAM SUPPORT NOT COVERED BY THE SCHOOL DISTRICT OPERATING BUDGET.

Program Service Accomplishments

Program 1
Expenses: $209,174

TO ENHANCE THE EDUCATION THAT STUDENTS RECEIVE FROM DEARBORN PUBLIC SCHOOLS BY FUNDING TEACHER GRANTS FOR TECHNOLOGY, EQUIPMENT AND INNOVATIVE PROGRAMS NOT SUPPORTED BY THE SCHOOL DISTRICT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $183,714
Program Service Revenue $0
Investment Income $73
Other Revenue $84,691
TOTAL REVENUE $268,478

Expense Breakdown

Grants Paid $209,174
Salaries & Benefits $62,975
Fundraising Expenses $33,450
Program Expenses $209,174
Other Expenses $12,516
TOTAL EXPENSES $284,665

Year-over-Year Comparison

2022 2021 Change
Revenue $268,478 $170,279 +0.6%
Expenses $284,665 $190,568 +0.5%
Net Income $-16,187 $-20,289 -0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
35

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$62,975
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBAS AL-WISHAH EX-OFICIO 0.10
Director
$0 $0 $0
ALI SAYED DIRECTOR 0.10
Director
$0 $0 $0
DAN FAYAD CO-CHAIR 0.10
Officer Director
$0 $0 $0
ELYANA HUSSEIN DIRECTOR- PART YEAR 0.10
Director
$0 $0 $0
EMAN AHMED EX-OFICIO 0.10
Director
$0 $0 $0
EMILY CHAMBERS DIRECTOR- PART YEAR 0.10
Director
$0 $0 $0
GLENN MALEYKO EX-OFICIO 0.10
Director
$0 $0 $0
HUSSEIN HACHEM CO-CHAIR 0.10
Officer Director
$0 $0 $0
IRENE WATTS EX-OFICIO 0.10
Director
$0 $0 $0
JACKIE LOVEJOY EX-OFICIO 0.10
Director
$0 $0 $0
JANE MAZZA DIRECTOR- PART YEAR 0.10
Director
$0 $0 $0
JEHAN SALEH DIRECTOR 0.10
Director
$0 $0 $0
JOHN ZADIKIAN CO-CHAIR 0.10
Officer Director
$0 $0 $0
KIM NICHOLSON DIRECTOR 0.10
Director
$0 $0 $0
LOLA ELZEIN SECRETARY-PART YEAR 0.10
Officer Director
$0 $0 $0
MANSOUR SHARHA EX-OFICIO 0.10
Director
$0 $0 $0
MARIA FRACASSA DWYER DIRECTOR 0.10
Director
$0 $0 $0
MAYOR ABDULLAH HAMMOUD DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL KEUNTZ DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL PHILLIPS DIRECTOR- PART YEAR 0.10
Director
$0 $0 $0
MIRVAT SABBAGH DIRECTOR 0.10
Director
$0 $0 $0
PEGGY RICHARD SECRETARY 0.10
Officer Director
$0 $0 $0
SABRINA EVANS DIRECTOR 0.10
Director
$0 $0 $0
SAIF ALSENAD DIRECTOR 0.10
Director
$0 $0 $0
SHARON DULMAGE DIRECTOR 0.10
Director
$0 $0 $0
SUSAN DABAJA EX-OFICIO 0.10
Director
$0 $0 $0
THOMAS WALL TREASURER 0.10
Officer Director
$0 $0 $0
CHASTITY TOWNSEND EXECUTIVE DIRECTOR 35.00
Officer
$62,975 $0 $62,975
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $268,478 $284,665 $114,303 $-16,187
2022 $170,279 $190,568 $123,217 $-20,289
2021 $206,924 $162,366 $145,590 $44,558
2019 $197,431 $195,844 $182,948 $1,587
2018 $135,199 $158,789 $170,021 $-23,590
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