Four County Community Foundation
- Assets
- $22.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Romeo, MI
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 38-2736601
Organization Overview
Four County Community Foundation is located in Romeo, MI. The organization was established in 1988. 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 12/2023, Four County Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Four County 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 12/2023, Four County Community Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 8 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, Four County Community Foundation has awarded 116 individual grants totaling $1,518,685. 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
FOUR COUNTY COMMUNITY FOUNDATION IS COMMITTED TO SERVING THE CURRENT AND EMERGING NEEDS OF OUR LOCAL COMMUNITY, CONTINUING THE TRADITION OF PHILANTHROPY BEGUN GENERATIONS AGO. THE FOUNDATION IS DEDICATED TO BRINGING TOGETHER HUMAN AND FINANCIAL RESOURCES TO SUPPORT PROGRESSIVE IDEAS IN EDUCATION, HEALTH, COMMUNITY, YOUTH AND ADULT PROGRAMS. THE FOUNDATION PROVIDES A SECURE FLEXIBLE VEHICLE FOR INDIVIDUALS, FAMILIES, FOUNDATIONS AND ORGANIZATIONS TO POSITIVELY IMPACT THE QUALITY OF LIFE IN OUR COMMUNITY. THE FOUNDATION RECOGNIZES THAT IN ORDER TO MEET ITS COMMITMENTS TO THE COMMUNITY IT SERVES IT MUST SEEK GROWTH THROUGH ITS PERMANENT ENDOWMENT FUNDS FROM A WIDE RANGE OF DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO LOCAL NONPROFIT ORGANIZATIONS, GOVERNMENTAL AGENCIES, AND SCHOOLS TO IMPROVE THE QUALITY OF LIFE OF THOSE WHO LIVE AND WORK IN OUR SERVICE AREA. PROVIDE SCHOLARSHIPS TO STUDENTS IN OUR SERVICE AREA WHO ARE PURSUING HIGHER EDUCATION. THE FOUNDATION ACCOMPLISHED THE FOLLOWING: AWARDED 106 GRANTS IN THE AREAS OF EDUCATION, HEALTH/WELLNESS, COMMUNITY IMPROVEMENT, YOUTH DEVELOPMENT, AND HUMAN SERVICE (FOOD PANTRIES, WOMEN'S SHELTER, HOMELESS SHELTERS, HOSPICE SERVICES) AND AWARDED OVER 140 SCHOLARSHIPS TO GRADUATES OF LOCAL HIGH SCHOOLS WHO ARE PURSUING HIGHER EDUCATION AT A COLLEGE, UNIVERSITY, OR TRADE SCHOOL.
SEE SCHEDULE O
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Verlinde Trustee | Trustee | 1 | $0 |
Mitchell Blonde Trustee | Trustee | 1 | $0 |
Gregory Brynaert Trustee | Trustee | 1 | $0 |
Beverly Wheelihan Trustee | Trustee | 1 | $0 |
Maryrose Riley Trustee | Trustee | 1 | $0 |
Dr Clifton Clendenan Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,426 |
| Related organizations | $0 |
| Government grants | $85,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,235,613 |
| Noncash contributions included in lines 1a–1f | $25,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,550 |
| Total Program Service Revenue | $0 |
| Investment income | $471,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,629 |
| Net Income from Fundraising Events | $1,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,780,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $448,347 |
| Grants and other assistance to domestic individuals. | $328,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,432 |
| Compensation of current officers, directors, key employees. | $77,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,281 |
| Pension plan accruals and contributions | $5,170 |
| Other employee benefits | $486 |
| Payroll taxes | $16,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $17,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,597 |
| Fees for services: Other | $20,351 |
| Advertising and promotion | $42,458 |
| Office expenses | $19,823 |
| Information technology | $26,120 |
| Royalties | $0 |
| Occupancy | $17,584 |
| Travel | $8,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,136 |
| Insurance | $1,335 |
| All other expenses | $190 |
| Total functional expenses | $1,328,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,132,729 |
| Pledges and grants receivable | $365,949 |
| 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 | $25,436 |
| Net Land, buildings, and equipment | $273,047 |
| Investments—publicly traded securities | $20,866,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,276 |
| Total assets | $22,907,944 |
| Accounts payable and accrued expenses | $33,754 |
| Grants payable | $146,726 |
| Deferred revenue | $56,586 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $438,951 |
| 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 | $126,489 |
| Total liabilities | $802,506 |
| Net assets without donor restrictions | $22,098,493 |
| Net assets with donor restrictions | $6,945 |
| 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 | $22,907,944 |
Grants Awarded
Over the last fiscal year, Four County Community Foundation has awarded $302,822 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADDISON TWP FIRE DEPARTMENT PURPOSE: POWERLIFT RETROFIT KIT | $20,000 |
ALMONT COMMUNITY SCHOOLS PURPOSE: EDUCATIONAL GRANTS | $10,654 |
ARMADA AREA SCHOOLS PURPOSE: EDUCATIONAL GRANTS | $6,241 |
CAPAC COMMUNITY SCHOOLS PURPOSE: EDUCATIONAL GRANTS | $14,386 |
HURON-CLINTON METROPARKS FOUNDATION PURPOSE: EXPERIENTIAL LEARNING | $10,000 |
IMLAY CITY COMMUNITY SCHOOLS PURPOSE: EDUCATIONAL GRANTS | $12,104 |