Mount Clemens Kiwanis Club Foundation Inc
- Assets
- $94.9k
- Revenue
- $55.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Clemens, MI
- Founding
- 06/2014
- Data as of
- 09/2023
- EIN
- 32-0397563
Organization Overview
Mount Clemens Kiwanis Club Foundation Inc is located in Mount Clemens, MI. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Clemens Kiwanis Club Foundation Inc 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 09/2023, Mount Clemens Kiwanis Club Foundation Inc generated $55.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $48.9k during the year ending 09/2023. While expenses have increased by 13.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS TO FOUR ORGANIZATIONS FOR THE ENJOYMENT AND BETTERMENT OF THE LOCAL COMMUNITY INCLUDING AN ART CENTER, HISTORICAL MUSEUM, AND CITY HOLIDAY EVENTS AND SANTA PARADE
FUNDING TO SIX YOUTH SERVICE ORGANIZATIONS INCLUDING THE YMCA, NEWAY WORKS, TCB YOUTH MENTORING, PLAY-PLACE AUTISM CENTER, FOSTER KIDS & TEENS & FOSTER CLOSET, AND STUDENT SCHOLARSHIPS
DONATIONS TO TUNING POINT TO ASSIST WITH SUPPORT OF SURVIVORS OF VIOLENCE & HUMAN TRAFFICKING AND, WIGS FOR KIDS TO PROVIDE HOPE & SELF-ESTEEM TO CHILDREN IMPACTED BY DISEASES OR DISABLITIES
ADDITIONAL SUPPORT TO THE COMMUNITY AND CHILDREN SUCH AS SALVATION ARMY, DICTIONERY & THESAURUS PROJECT, KIWANIS CHILDRENS' FUND, FREEDOM HOUSE DETROIT, AND SOBER SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Potthoff President | 3 | $0 | |
Phil Gilchrist Past President | 1.5 | $0 | |
Melissa Goins Secretary | 1.5 | $0 | |
Andrea Krueger Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,656 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $6,829 |
| Other Income | $38,665 |
| Total Revenue | $55,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,286 |
| Total operating and administrative expenses | $22,586 |
| Contributions, gifts, grants paid | $26,323 |
| Total expenses and disbursements | $48,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,916 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,916 |
| Accounts payable and accrued expenses | $1,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Mount Clemens Kiwanis Club Foundation Inc has awarded $26,323 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TCB YOUTH MENTORING PURPOSE: CHARITY | $1,000 |
TURNING POINT PURPOSE: CHARITY | $1,000 |
KIWANIS CHIDRENS' FUND PURPOSE: GRANTS | $2,450 |
3464 PURPOSE: COMMUNITY SUPPORT | $3,464 |
MAGGIE'S WIGS FOR KIDS PURPOSE: CHILDRENS' SERVICES | $2,000 |
DICTIONERYTHESAURUS PROJECT PURPOSE: CHILDRENS' EDUCATION | $720 |