Community Foundation Of Monroe County
- Assets
- $16.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Monroe, MI
- Founding
- 06/1979
- Data as of
- 03/2024
- 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 03/2024, Community Foundation Of Monroe County employed 3 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 03/2024, Community Foundation Of Monroe County generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.1m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Community Foundation Of Monroe County has awarded 47 individual grants totaling $1,042,796. 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
2024
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Buschmann Trustee | Trustee | 1 | $0 |
Sr Margaret Gaffney Trustee | Trustee | 1 | $0 |
Eddie Harwood Trustee | Trustee | 1 | $0 |
Richard Kenny Trustee | Trustee | 1 | $0 |
Barry Kinsey Trustee | Trustee | 1 | $0 |
Stacey Mccoy 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 | $267,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,698 |
| Total Program Service Revenue | $0 |
| Investment income | $421,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,557,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,465,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,327 |
| Grants and other assistance to domestic individuals. | $172,128 |
| 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 | $191,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,794 |
| Payroll taxes | $14,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $287,550 |
| Fees for services: Other | $0 |
| Advertising and promotion | $998 |
| Office expenses | $14,486 |
| Information technology | $24,419 |
| Royalties | $0 |
| Occupancy | $12,400 |
| Travel | $913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,323 |
| Insurance | $5,631 |
| All other expenses | $0 |
| Total functional expenses | $1,054,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,239 |
| 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 | $5,746 |
| Net Land, buildings, and equipment | $13,323 |
| Investments—publicly traded securities | $15,581,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,158,559 |
| Accounts payable and accrued expenses | $4,000 |
| Grants payable | $0 |
| Deferred revenue | $1,260,000 |
| 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 | $308,147 |
| Total liabilities | $1,572,147 |
| Net assets without donor restrictions | $14,586,412 |
| 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 | $16,158,559 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Monroe County has awarded $220,478 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MOVING MILAN FORWARDMOVING MILAN FORWARD PURPOSE: TOLAN SQUARE IMPROVE | $40,000 |
AID IN MILANAID IN MILAN PURPOSE: HEALTH/SAFETY EQUIP | $15,000 |
MILAN AREA SCHOOLSMILAN AREA SCHOOLS PURPOSE: ELEMENTARY BOOKS | $5,553 |
WASHTENAW AREA COUNCIL FOR CHILDRENWASHTENAW AREA COUNCIL FOR CHILDREN PURPOSE: BODY SAFETY | $6,500 |
MONROE PUENTE - MONROE CITY CHURCHMONROE CITY CHURCH PURPOSE: TRANSLATION SERVICES | $10,000 |
BEDFORD PUBLIC SCHOOLSBEDFORD PUBLIC SCHOOLS PURPOSE: MUSIC EQUIPMENT | $18,800 |