Glacier Hills Foundation
- Assets
- $15.4m
- Revenue
- $1.4m
- Investments
- $4.2m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 06/2007
- Data as of
- 06/2021
- EIN
- 20-8072723
Organization Overview
Glacier Hills Foundation is located in Ann Arbor, MI. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glacier Hills 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 06/2021, Glacier Hills Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $454.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PROGRAMS OF GLACIER HILLS INC. AND ITS AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLACIER HILLS FOUNDATION WAS ESTABLISHED IN 2006 AND IS RESPONSIBLE FOR RECEIVING AND ADMINISTERING GIFTS THAT FUND PROGRAMS AND PROJECTS BEYOND THAT WHICH OPERATIONS SUPPORT. IT DOES THIS THROUGH SENSITIVE AND PROFESSIONAL SOLICITATIONS, RESPONSIBLE AND WISE MANAGEMENT OF FUNDS, AND GUARANTEEING THAT FUNDS ARE USED AS ORIGINALLY INTENDED BY THE DONORS. KEY ACCOMPLISHMENTS OF THE FOUNDATION:SINCE INCEPTION OF THE FOUNDATION, OVER 1400 DONORS HAVE MADE GIFTS, 448 ARE ACTIVE WITHIN THE LAST THREE YEARS. SOME REPRESENTATIVE BANNER PROJECTS OF THE FOUNDATION OF LATE INCLUDE THE ESTABLISHMENT OF THE CHILD DEVELOPMENT CENTER, THE HEALTH CLINIC, AND THE WELLNESS GARDEN. THE FOUNDATION AWARDS FUNDS FOR PROGRAMS AND PROJECTS ANNUALLY AND THROUGH MULTI-YEAR GRANTS. IN THE MOST RECENT FISCAL YEAR, THE AMOUNT AWARDED TO PROJECTS AND PROGRAMS ACROSS CAMPUS THAT BENEFITTED RESIDENTS AND COLLEAGUES WAS OVER $370,000. OVER THE LAST FOUR YEARS, THE FOUNDATION DISTRIBUTED FUNDS OF OVER $2,300,000 TO PROGRAMS AND PROJECTS THAT ENHANCE THE LIFE OF RESIDENTS AND EMPLOYEES AT GLACIER HILLS.SOME REPRESENTATIVE PROGRAMS INCLUDE SUPPORT FOR CHILD DEVELOPMENT CENTER TUITION, LIFE ENRICHMENT PROGRAMS, ART AND MUSIC THERAPY, ESTABLISING A ZEN GARDEN ON THE ROOFTOP OF THE MANOR, RESIDENT TRANSPORTATION SUPPORT, ART ACROSS CAMPUS PROGRAMS INCLUDING ESTABLISHING AN ART GALLERY AND ACQUIRING NEW ART FOR DISPLAY, SUPPORT FOR AN ON-CAMPUS ART COORDINATOR, EQUIPMENT FOR WELLNESS CONNECTION, SUPPORT FOR COLLEAGUE SPECIALIZED EDUCATION, AND MORE. IN ADDITION TO THE ABOVE, THE FOUNDATION HAS AWARDED 441 SCHOLARSHIPS TO COLLEAGUES SINCE 2007 FOR A VALUE OF $662,007. CURRENTLY, 18 NAMED SCHOLARSHIPS EXIST WITHIN THE FOUNDATION. ANNUALLY, THE FOUNDATION AWARDS APPROXIMATELY $50,000 IN SCHOLARSHIPS. THE FOUNDATION HAS A PLANNED GIVING PROGRAM THAT INCLUDES THE OPPORTUNITY FOR DONORS TO MAKE DEFERRED GIFTS IN THE FORM OF CHARITABLE GIFT ANNUITIES, CHARITABLE REMAINDER TRUSTS, IRA ROLL-OVERS, ASSIGNMENT OF REFUNDABLE ENTRANCE FEES, AND OTHER BEQUESTS. THE CURRENT VALUE OF THE DEFERRED GIFTS IS $664,982.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION :WWW.GLACIERHILLS.ORG/FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Courts Director And Ghi President Thr 6/21 | OfficerTrustee | 10 | $0 |
George Borel Director; Treasurer | OfficerTrustee | 1 | $0 |
Mary Ann Mcdonald Director; Chair | OfficerTrustee | 1 | $0 |
Patrick Tamblyn Director; Vice Chair | OfficerTrustee | 1 | $0 |
Mark Mcpherson Trea;int Sec Thr12/20;cfo Cc Thr6/21 | Officer | 1 | $0 |
Becky Pazkowski Ex Director Glacier Hills Found | Officer | 40 | $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 | $702,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,888 |
| Total Program Service Revenue | $0 |
| Investment income | $711,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,434,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $89,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,918 |
| Compensation of current officers, directors, key employees. | $103,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,606 |
| Fees for services: Other | $11,098 |
| Advertising and promotion | $10,102 |
| Office expenses | $4,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $454,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,759,926 |
| Investments—other securities | $4,178,422 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,477,371 |
| Total assets | $15,415,719 |
| Accounts payable and accrued expenses | $1,620 |
| Grants payable | $0 |
| 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 | $21,144 |
| Total liabilities | $22,764 |
| Net assets without donor restrictions | $12,711,832 |
| Net assets with donor restrictions | $2,681,123 |
| 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 | $15,415,719 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glacier Hills Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Area Community Foundation Ann Arbor, MI PURPOSE: HUMAN SERVICE - MULTIPURPOSE/OTHER | $10,000 |
Endowment Analysis
| Beg. Balance | $1,192,085 |
| Earnings | $236,000 |
| Other Expense | $19,686 |
| Ending Balance | $1,408,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Senior Housing Health Care Properties Inc Bloomington, IN | $38,938,663 | $24,270,450 |
The Uwm Real Estate Foundation Inc Milwaukee, WI | $83,241,635 | $5,703,376 |
Ohio Capital Impact Corporation Columbus, OH | $12,020,357 | $5,228,478 |
Blugold Real Estate Foundation Inc Eau Claire, WI | $54,871,317 | $5,562,467 |
Midland Kings Daughters Endowment Fund Midland, MI | $40,124,974 | $3,481,045 |
Cedar Village Foundation Cincinnati, OH | $22,623,541 | $1,028,464 |
Glacier Hills Foundation Ann Arbor, MI | $15,415,719 | $1,434,969 |
Lutheran Homes Of Michigan Foundation Saginaw, MI | $12,862,481 | $2,826,886 |
Holie Vii Inc Mequon, WI | $2,106,301 | $274,557 |
Community Development Alternatives Inc Prairie Du Chien, WI | $1,232,003 | $240,505 |
Northport Movin Out Inc Madison, WI | $1,296,580 | $88,718 |
Ideafor Inc Cincinnati, OH | $6,209,788 | $109,737 |