The Village Club Enrichment Fund
Nonprofit profile at a glance
- EIN
- 843237718
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Bloomfield Hills, MI, USA
- Phone
- 2486443450
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $60,074
- Expenses
- $9,132
- Assets
- $296,733
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- CAROL LITKA COLE (PRESIDENT)
People named in this filing
- SUSAN LANE (DIRECTOR AT LARGE)
- CLAUDIA MALONE (DIRECTOR AT LARGE)
- PAMELA BINGHAM (THE VILLAGE CLUB LIASON)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The village club enrichment fund's mission is to:1) enrich the lives of the village club's employees and their immediate family members through educational scholarships;2) enrich the lives of the village club's members and the community through expanded life-long learning opportunities; and3) enrich the bloomfield hills and birmingham communities through beautification and historic projects.
What it reported doing in 2024
Awarded an educational scholarship to an individual during the fiscal year.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 100
- Sustainability: 89
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.7%; rating input score 16
- Program expense ratio: 54.8%; rating input score 55
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 84.8%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 32.49; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 46.2% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -27.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 21.4% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 15.7% of revenue deployed · 54.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.