Lapeer County Community Foundation
- Assets
- $14.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Lapeer, MI
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-1271563
Organization Overview
Lapeer County Community Foundation is located in Lapeer, MI. The organization was established in 2004. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Lapeer County Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lapeer County Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lapeer County Community Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $895.7k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lapeer County Community Foundation has awarded 68 individual grants totaling $862,795. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS TO INDIVIDUALS AND ORGANIZATIONS OF LAPEER COUNTY FOR THE PURPOSE OF ENHANCING THE QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COLLEGE SCHOLARHIPS TO STUDENTS OF VARIOUS HIGH SCHOOLS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURSUE HIGHER EDUCATION GOALS AND TO ENHANCE THE QUALITY OF LIFE.
PROVIDING GRANTS TO VARIOUS ORGANIZATIONS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURCHASE SPECIAL EQUIPMENT TO IMPROVE SERVICES, PROVIDE EDUCATIONAL SEMINARS, OR PROMOTE COMMUNITY-ORIENTED SERVICES WHICH ENHANCE THE QUALITY OF LIFE IN LAPEER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Boxey Exec Dir | Officer | 40 | $75,394 |
William Gibbons CPA Treasurer | Officer | 1 | $0 |
Molly Muir Vice Chairma | Officer | 1 | $0 |
Betsy Felton Secretary | Officer | 1 | $0 |
Steve Zott Chairman | Officer | 1 | $0 |
Michael Burke Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $643,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,524 |
| Total Program Service Revenue | $0 |
| Investment income | $236,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $549,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,615,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,075 |
| Grants and other assistance to domestic individuals. | $105,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,666 |
| Compensation of current officers, directors, key employees. | $75,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,427 |
| Pension plan accruals and contributions | $2,356 |
| Other employee benefits | $0 |
| Payroll taxes | $9,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,520 |
| Office expenses | $7,449 |
| Information technology | $9,386 |
| Royalties | $0 |
| Occupancy | $10,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,149 |
| Insurance | $1,610 |
| All other expenses | $13,230 |
| Total functional expenses | $895,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,245 |
| Savings and temporary cash investments | $200,738 |
| Pledges and grants receivable | $22,025 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,569 |
| Net Land, buildings, and equipment | $9,876 |
| Investments—publicly traded securities | $13,819,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,765 |
| Total assets | $14,377,422 |
| Accounts payable and accrued expenses | $18,143 |
| Grants payable | $36,316 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,590,851 |
| Total liabilities | $1,645,310 |
| Net assets without donor restrictions | $12,662,166 |
| Net assets with donor restrictions | $69,946 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,377,422 |
Grants Awarded
Over the last fiscal year, Lapeer County Community Foundation has awarded $106,837 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Blanc, MI PURPOSE: STUDENT LEAF FUNDING | $33,200 |
ALMONT COMMUNITY SCHOOLS PURPOSE: MULTIPLE PROJECTS | $17,765 |
Lapeer, MI PURPOSE: MULTIPLE PROJECTS | $14,762 |
Lapeer, MI PURPOSE: MULTIPLE PROJECTS | $12,200 |
LAPEER COUNTY KIND PURPOSE: FOOD FOR LOCAL PANTR | $11,910 |
Lapeer, MI PURPOSE: MULTIPLE PROJECTS | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lapeer County Community Foundation has recieved totaling $113,362.
| Awarding Organization | Amount |
|---|---|
Michigan Health Endowment Fund Brighton, MI PURPOSE: IMPROVING HEALTH OUTCOMES FOR LAPEER COUNTY SENIORS | $96,876 |
Council Of Michigan Foundations Inc Grand Rapids, MI PURPOSE: STRATEGIC PLANNING | $11,403 |
Comerica Charitable Foundation Detroit, MI PURPOSE: LAPEER COUNTY LEAF | $5,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT | $75 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Endowment Analysis
| Beg. Balance | $10,316,369 |
| Earnings | $1,685,131 |
| Admin Expense | $198,533 |
| Net Contributions | $511,075 |
| Other Expense | $50,786 |
| Grants | $355,827 |
| Ending Balance | $11,907,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |