Community Foundation Of Monroe County
- Assets
- $14.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Monroe, MI
- Founding
- 06/1979
- Data as of
- 03/2022
- EIN
- 38-2236628
Organization Overview
Community Foundation Of Monroe County is located in Monroe, 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. As of 03/2022, Community Foundation Of Monroe County employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Monroe County 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 03/2022, Community Foundation Of Monroe County generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $1.2m during the year ending 03/2022. While expenses have increased by 8.1% 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 2021, Community Foundation Of Monroe County has awarded 28 individual grants totaling $789,968. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE INVEST ON A BETTER FUTURE FOR OUR COMMUNITY WHERE EVERYONE HAS AN OPPORTUNITY TO THRIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP OPPORTUNITIES FOR INDIVIDUALS TO FURTHER THEIR EDUCATION.
ATS, EDUCATION, YOUTH PROGRAMS, ENVIRONMENT, CULTURE, PUBLIC ACTIVITIES IN MONROE COUNTY MI AND PROFESSIONAL FEES
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Masserant Vice Preside | Officer | 2 | $0 |
Amanda Phebus Treasurer | Officer | 2 | $0 |
Julie Everly President | Officer | 3 | $0 |
Molly Luempert-Coy Trustee/past | Officer | 2 | $0 |
Barry Buschmann Trustee | Trustee | 1 | $0 |
Deb Dushane Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,835,240 |
| Noncash contributions included in lines 1a–1f | $6,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,866,350 |
| Total Program Service Revenue | $0 |
| Investment income | $381,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,539,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $574,638 |
| Grants and other assistance to domestic individuals. | $136,880 |
| 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 | $128,853 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,110 |
| Payroll taxes | $9,857 |
| Fees for services: Management | $12,500 |
| Fees for services: Legal | $24,198 |
| Fees for services: Accounting | $9,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,929 |
| Fees for services: Other | $16,200 |
| Advertising and promotion | $1,051 |
| Office expenses | $7,729 |
| Information technology | $19,728 |
| Royalties | $0 |
| Occupancy | $15,313 |
| Travel | $16 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $885 |
| Insurance | $5,002 |
| All other expenses | $243 |
| Total functional expenses | $1,215,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,462 |
| Savings and temporary cash investments | $0 |
| 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 | $2,687 |
| Net Land, buildings, and equipment | $3,839 |
| Investments—publicly traded securities | $14,091,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,742,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $226,236 |
| Total liabilities | $236,736 |
| Net assets without donor restrictions | $14,506,211 |
| 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 | $14,742,947 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Monroe County has awarded $478,534 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
E4E RELIEFE4E RELIEF PURPOSE: DISASTER RELIEF | $191,672 |
MONROE COUNTY INTERMEDIAT SCHOOLMONROE COUNTY ISD PURPOSE: EDUCATOR WELLNESS GR | $68,650 |
MCOPMCOP PURPOSE: PLAYGRND REONOVATION | $32,400 |
UNITED WAY OF MONROE COUNTYUNITED WAY OF MONROE COUNTY PURPOSE: PROJECT RAMP PROGRAM | $29,500 |
CATHOLIC CHARITIES OF SOUTHWEST MICATHOLIC CHARITIES OF SOUTHWEST MI PURPOSE: HARM REDUCTION | $29,000 |
HUMANE SOCIETYHUMANE SOCIETY PURPOSE: AGENCY / ANIMAL CARE | $20,013 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Monroe County has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
S Gary Spicer Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $10,754,179 |
| Earnings | $382,749 |
| Admin Expense | $230,540 |
| Net Contributions | $3,267,269 |
| Grants | $458,446 |
| Ending Balance | $13,715,211 |
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 |