Albion Community Foundation
- Assets
- $7.8m
- Revenue
- $2.5m
- Investments
- $63.9k
- Employees
- 2
- Location
- Albion, MI
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 23-7019029
Organization Overview
Albion Community Foundation is located in Albion, MI. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Albion Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albion 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, Albion Community Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $943.7k during the year ending 12/2021. While expenses have increased by 8.8% 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 2015, Albion Community Foundation has awarded 52 individual grants totaling $896,150. 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
STRENGTHEN THE GREATER ALBION AREA BY CULTIVATING COMMUNITY ASSETS TO ENHANCE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANY COMMUNITY PROJECTS AND CULTURAL EVENTS WERE PROMOTED AND FUNDED DURING THE YEAR THAT BENEFITED THE LOCAL COUMMUNITY OF ALBION, MICHIGAN. THE COMMUNITY FOUNDATION AWARDED MORE THAN 30 GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Williamson Executive Di | Officer | 40 | $71,500 |
Mandy Dubiel President | OfficerTrustee | 2 | $0 |
Karen Yankie Vice-Preside | OfficerTrustee | 2 | $0 |
Amy Reimann Secretary | OfficerTrustee | 2 | $0 |
Tom Pitt Treasurer | OfficerTrustee | 2 | $0 |
Tamara Crupi Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,033,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,050,021 |
| Total Program Service Revenue | $4,848 |
| Investment income | $328,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,211 |
| Net Gain/Loss on Asset Sales | $65,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,455,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,500 |
| Compensation of current officers, directors, key employees. | $5,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84 |
| Payroll taxes | $3,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,674 |
| Fees for services: Accounting | $19,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,125 |
| Fees for services: Other | $179,737 |
| Advertising and promotion | $3,160 |
| Office expenses | $11,918 |
| Information technology | $17,939 |
| Royalties | $0 |
| Occupancy | $8,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,318 |
| Insurance | $3,687 |
| All other expenses | $1,264 |
| Total functional expenses | $943,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,200 |
| Accounts receivable, net | $187 |
| 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 | $15,013 |
| Net Land, buildings, and equipment | $272,048 |
| Investments—publicly traded securities | $7,219,014 |
| Investments—other securities | $63,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,773,653 |
| Accounts payable and accrued expenses | $40,529 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $839,892 |
| 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 | $2,042 |
| Total liabilities | $882,463 |
| Net assets without donor restrictions | $6,611,190 |
| Net assets with donor restrictions | $280,000 |
| 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 | $7,773,653 |
Grants Awarded
Over the last fiscal year, Albion Community Foundation has awarded $58,568 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Albion, MI PURPOSE: YOUTH PROGRAMS | $16,500 |
ALBION ECONOMIC DEVELOPMENT CORPORA PURPOSE: HELPING HAND HUB BOX | $10,000 |
Battle Creek, MI PURPOSE: CLOTHING | $7,650 |
Albion, MI PURPOSE: MUSIC FESTIVAL | $7,000 |
Albion, MI PURPOSE: YOUTH PROGRAMS | $6,500 |
Albion, MI PURPOSE: YOUTH WORKSHOP | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Albion Community Foundation has recieved totaling $850,821.
| Awarding Organization | Amount |
|---|---|
Anthony And Christie De Nicola Foundation Englewood, FL PURPOSE: CHARITABLE GIFT | $790,876 |
Battle Creek Community Foundation Battle Creek, MI PURPOSE: PHILANTHROPY, VOLUNTARISM & GRANT MAKING FOUNDATION | $28,425 |
Bbch Community Partners Battle Creek, MI PURPOSE: MCINTOSH PARK PLAYGROUND AND SPLASHPAD | $28,000 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $2,500 |
Hall Houseman Family Foundation Richland, MI PURPOSE: JESSIE'S GIFT ENDOWMENT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Endowment Analysis
| Beg. Balance | $4,905,555 |
| Earnings | $662,031 |
| Admin Expense | $105,336 |
| Net Contributions | $349,547 |
| Grants | $225,069 |
| Ending Balance | $5,586,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Corporation For Ohio Appalachian Development Athens, OH | $7,078,759 | $21,339,241 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |