The Frankenmuth Community Foundation Inc
- Assets
- $17.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 38-2140032
Organization Overview
The Frankenmuth Community Foundation Inc is located in Frankenmuth, MI. The organization was established in 1979. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankenmuth Community 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 12/2021, Frankenmuth Community Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frankenmuth Community Foundation Inc has awarded 106 individual grants totaling $8,047,380. 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 HONOR THE PAST, FOCUS ON THE PRESENT, AND PLAN FOR THE FUTURE BY WAY OF BEING AN EFFECTIVE AND RELIABLE VEHICLE FOR PLANNED-GIVING PHILANTHROPIC EFFORTS IN FRANKENMUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO GROUPS AND ORGANIZATIONS WORKING TO IMPROVE AND STRENGTHEN THE FOLLOWING AREAS: RECREATION, EDUCATION, LEADERSHIP, ECONOMIC GROWTH, AND COMMUNITY GOOD; THROUGH PROJECTS AND ACTIVITIES THAT SUPPORT THE DEVELOPMENT OF THE FRANKENMUTH COMMUNITY.
AWARD SCHOLARSHIPS THROUGH DONOR-SPONSORED ENDOWED FUNDS FROM 39 DIFFERENT SCHOLARSHIP FUNDS TO 68 RECIPIENTS TOTALING 111,406.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Cramer Chair | Officer | $0 | |
James Bickel Treasurer | Officer | $0 | |
Susan Piesko Secretary | Officer | $0 | |
Jonathon Webb Executive Di | Officer | $0 | |
Terry Weiss Vice Chair | Officer | $0 | |
Ed Foltz Member | Trustee | $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 | $1,913,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,913,278 |
| Total Program Service Revenue | $0 |
| Investment income | $305,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,219,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $682,910 |
| Grants and other assistance to domestic individuals. | $155,750 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $53,980 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,672 |
| Fees for services: Other | $10,462 |
| Advertising and promotion | $3,980 |
| Office expenses | $33,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,119 |
| All other expenses | $0 |
| Total functional expenses | $1,126,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $324,676 |
| 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 | $16,724,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,049,439 |
| Accounts payable and accrued expenses | $27,071 |
| 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 | $510,959 |
| Total liabilities | $538,030 |
| Net assets without donor restrictions | $16,511,409 |
| Net assets with donor restrictions | $0 |
| 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 | $17,049,439 |
Grants Awarded
Over the last fiscal year, The Frankenmuth Community Foundation Inc has awarded $311,143 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKENMUTH CREDIT UNION PURPOSE: GRANTS FOR PROJECTS | $100,858 |
Frankenmuth, MI PURPOSE: GRANT FOR PROJECTS | $73,178 |
CITY OF FRANKENMUTH PURPOSE: COMMUNITY PROJECTS | $64,400 |
FARMERS MARKET PURPOSE: FARMERS MARKET | $35,448 |
FRANKENMUTH SCHOOL DISTRICT PURPOSE: SPONSORSHIP | $11,359 |
FATHER VINCENT MEMORIAL PURPOSE: EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Frankenmuth Community Foundation Inc has recieved totaling $107,176.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Cohen-Schultz Charitable Foundation Sunnyvale, CA PURPOSE: SUPPORT COMMUNITY OF FRANKENMUTH MICHIGAN | $5,076 |
Duane & Dorothy Bierlein Family Foundation Frankenmuth, MI PURPOSE: ORGANIZATION'S DISCRETION | $1,000 |
Arno & Caroline Mossner Memorial Foundation Milford, MI PURPOSE: KEITH SPAULDING MEMORIAL SCHOLARSHIP | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $100 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |