Michigan 4-H Foundation
- Assets
- $12.5m
- Revenue
- $120.3k
- Investments
- $13.3k
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 02/1957
- Data as of
- 06/2023
- EIN
- 38-1539997
Organization Overview
Michigan 4-H Foundation is located in East Lansing, MI. The organization was established in 1957. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan 4-H 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 06/2023, Michigan 4-H Foundation generated $120.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $515.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE, MANAGE AND DISTRIBUTE SUPPORT FOR THE MISSION AND VISION OF MICHIGAN 4-H YOUTH DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP AND PROGRAM FACILITIES: EXPENSE ARE FOR POST SALE EXPENSES FOR STORAGE INCURRED BY THE CENTER.
PROGRAMS DESIGNED TO EDUCATE AND DEVELOP YOUTH ENGAGED IN 4-H PROGRAMS IN MICHIGAN.
MICHIGAN 4-H CHILDREN'S GARDEN: PROVIDES HANDS-ON EDUCATIONAL EXPERIENCES FROM OCTOBER TO MID-MARCH AND OTHER LEARNING EXPERIENCES DURING THE SUMMER MONTHS. DURING THE FISCAL YEAR, YOUTH AND ADULTS PARTICIPATED IN FACE-TO- FACE AND VIRTUAL PROGRAMMING. A TOTAL OF 3,170 YOUTH AND ADULTS PARTICIPATED IN 63 PROGRAM EVENTS AND CLASSES.
TRAINING WORKSHOPS: YOUTH AND VOLUNTEER DEVELOPMENT PROGRAMS. DURING THE FISCAL YEAR, OVER 3,000 YOUTH AND ADULTS PARTICIPATED IN A VARIETY OF STATEWIDE LEARNING EXPERIENCES WHICH PROVIDED MORE THAN 2,200 HOURS OF PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Bosserd President | OfficerTrustee | 1 | $0 |
Andrew Walker Vice Preside | OfficerTrustee | 1 | $0 |
Melissa Humphrey Part Year Tr | Trustee | 1 | $0 |
Julie A Chapin Secretary | OfficerTrustee | 1 | $0 |
Roxanne Turner Trustee | Trustee | 1 | $0 |
Ervin Currie 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 | $377,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,180 |
| Total Program Service Revenue | $0 |
| Investment income | $210,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$489,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,127 |
| Grants and other assistance to domestic individuals. | $34,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,312 |
| Pension plan accruals and contributions | $1,363 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55 |
| Fees for services: Legal | $3,771 |
| Fees for services: Accounting | $32,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,617 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,720 |
| Office expenses | $20,382 |
| Information technology | $2,277 |
| Royalties | $0 |
| Occupancy | $27,449 |
| Travel | $9,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439 |
| Insurance | $5,944 |
| All other expenses | $0 |
| Total functional expenses | $515,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,971 |
| Savings and temporary cash investments | $319,408 |
| Pledges and grants receivable | $112,291 |
| Accounts receivable, net | $5,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,793 |
| Prepaid expenses and deferred charges | $13,418 |
| Net Land, buildings, and equipment | $55,805 |
| Investments—publicly traded securities | $11,854,504 |
| Investments—other securities | $13,297 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $12,463,011 |
| Accounts payable and accrued expenses | $2,314 |
| 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 | $706,907 |
| Total liabilities | $709,221 |
| Net assets without donor restrictions | $2,069,776 |
| Net assets with donor restrictions | $9,684,014 |
| 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 | $12,463,011 |