The Frankenmuth Community Foundation Inc
- Assets
- $18.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 04/1979
- Data as of
- 12/2023
- 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 12/2023, Frankenmuth Community Foundation Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frankenmuth Community Foundation Inc has awarded 177 individual grants totaling $10,097,480. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Foltz Chair | Trustee | 1 | $0 |
Dave Pedleton Vice Chair | OfficerTrustee | 1 | $0 |
James Bickel Treasurer | OfficerTrustee | 1 | $0 |
Darcy Nickless-Barry Secretary | OfficerTrustee | 1 | $0 |
Jared List Member | Trustee | 1 | $0 |
Tom Zuellig Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,290 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,311,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,410,042 |
| Total Program Service Revenue | $0 |
| Investment income | $347,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,204 |
| Net Income from Fundraising Events | -$27,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $618,130 |
| Grants and other assistance to domestic individuals. | $157,163 |
| 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 | $59,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,335 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,175 |
| Office expenses | $8,691 |
| 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 | $3,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,440 |
| All other expenses | $0 |
| Total functional expenses | $1,043,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,000 |
| 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 | $18,203,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,688 |
| Total assets | $18,411,997 |
| Accounts payable and accrued expenses | $5,722 |
| Grants payable | $110,000 |
| 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 | $682,038 |
| Total liabilities | $797,760 |
| Net assets without donor restrictions | $17,441,549 |
| Net assets with donor restrictions | $172,688 |
| 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 | $18,411,997 |
Grants Awarded
Over the last fiscal year, The Frankenmuth Community Foundation Inc has awarded $539,023 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FRANKENMUTH PURPOSE: HARVEY KERN PAVILION LIGHTING AND REPAIRS/IMPROVEMENTS | $74,000 |
FRANKENMUTH LIONS CLUB PURPOSE: BIERGARTEN PROJECT | $71,438 |
CITY OF FRANKENMUTH PURPOSE: WEISS ST IMPROVEMENTS | $50,000 |
FRANKENMUTH CREDIT UNION PURPOSE: FYSA MORTGAGE | $41,243 |
FRANKENMUTH AMERICAN LEGION POST 150 PURPOSE: VETERANS MEMORIAL REPAIRS | $37,668 |
CITY OF FRANKENMUTH PURPOSE: WEISS ST IMPROVEMENTS | $40,000 |