Bay Area Community Foundation
- Assets
- $49.1m
- Revenue
- $5.6m
- Investments
- $279.9k
- Employees
- 9
- Location
- Bay City, MI
- Founding
- 10/1982
- Data as of
- 12/2022
- EIN
- 38-2418086
Organization Overview
Bay Area Community Foundation is located in Bay City, MI. The organization was established in 1982. 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 12/2022, Bay Area Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Community 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 12/2022, Bay Area Community Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 6.8% 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 2016, Bay Area Community Foundation has awarded 351 individual grants totaling $8,272,567. 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
TO FULFILL A WIDE ARRAY OF DONORS'CHARITABLE WISHES THROUGHOUT BAY AND ARENAC COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO 501( C) (3) NONPROFIT ORGANIZATIONS, MUNICIPALITIES, AND EDUCATIONAL INSTITUTIONS. IN 2022, 314 GRANTS WERE AWARDED IN THE AREAS OF ARTS & CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT, HEALTH & HUMAN SERVICES, RECREATION AND YOUTH ACTIVITIES
DURING THE YEAR THE FOUNDATION AWARDED 410 SCHOLARSHIPS TO 312 RECIPIENTS TO FURTHER THEIR EDUCATION AND TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Tighe Chair | OfficerTrustee | 1 | $0 |
Rick Learman Vice Chair | OfficerTrustee | 1 | $0 |
Laura Ebel Treasurer | OfficerTrustee | 1 | $0 |
Danielle Krupp Secretary | OfficerTrustee | 1 | $0 |
Ellen Charlebois Past Chair | OfficerTrustee | 5 | $0 |
Andreas Teich Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,191 |
| Related organizations | $0 |
| Government grants | $687,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,541,246 |
| Noncash contributions included in lines 1a–1f | $127,442 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,245,937 |
| Total Program Service Revenue | $0 |
| Investment income | $1,501,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,624 |
| Net Gain/Loss on Asset Sales | -$243,399 |
| Net Income from Fundraising Events | $15,203 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,645,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,997,440 |
| Grants and other assistance to domestic individuals. | $554,356 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,489 |
| Compensation of current officers, directors, key employees. | $52,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,028 |
| Pension plan accruals and contributions | $11,340 |
| Other employee benefits | $35,251 |
| Payroll taxes | $33,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,871 |
| Fees for services: Accounting | $24,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,073 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,397 |
| Information technology | $113,051 |
| Royalties | $0 |
| Occupancy | $93,442 |
| Travel | $2,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,556 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,945 |
| Insurance | $16,142 |
| All other expenses | $1,675 |
| Total functional expenses | $3,763,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,116 |
| Savings and temporary cash investments | $3,322,319 |
| 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 | $28,194 |
| Net Land, buildings, and equipment | $1,255,979 |
| Investments—publicly traded securities | $43,863,223 |
| Investments—other securities | $279,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,484 |
| Total assets | $49,136,215 |
| Accounts payable and accrued expenses | $67,964 |
| Grants payable | $290,877 |
| Deferred revenue | $34,550 |
| 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 | $2,123,431 |
| Total liabilities | $2,516,822 |
| Net assets without donor restrictions | $43,098,175 |
| Net assets with donor restrictions | $3,521,218 |
| 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 | $49,136,215 |
Grants Awarded
Over the last fiscal year, Bay Area Community Foundation has awarded $1,683,281 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ANTIQUE TOY & FIREHOUSE MUSEUM PURPOSE: REMODEL NEW LOCATION | $26,500 |
ARENAC COUNTY PARKS AND RECREATION DEPT PURPOSE: TO CONSTRUCT A MODERN, ADA COMPLIANT RESTROOMS AT OASIS LAKE PARK | $18,725 |
AU GRES-SIMS HIGH SCHOOL PURPOSE: SUPPORT LIBRARY RESOURCES IN OUR SECONDARY BUILDING. | $9,459 |
BAY AREA CHAMBER OF COMMERCE FOUNDATION PURPOSE: 2022 LEADERSHIP PROJECT: RIVER'S PATH SPONSORSHIP, SUPPORT FOR TWO CITIES CONNECTED PLAZA, VACCINATION POLLING SURVEY, | $20,445 |
BANGOR TOWNSHIP SCHOOLS PURPOSE: SUPPORT FOR HIGH SCHOOL THERAPY DOG PROGRAM | $8,000 |
ARENAC COUNTY HISTORICAL SOCIETY PURPOSE: REPLACE OLD FUEL OIL FURNACE WITH A GAS FURNACE, 2022 FUND DISBURSEMENT | $8,062 |