Four County Community Foundation
- Assets
- $24.7m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Almont, MI
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 38-2736601
Organization Overview
Four County Community Foundation is located in Almont, 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 12/2021, 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 12/2021, Four County Community Foundation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $985.0k during the year ending 12/2021. While expenses have increased by 5.1% 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 2016, Four County Community Foundation has awarded 64 individual grants totaling $844,647. 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
2021
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
THERE ARE MANY FUNDS THAT WERE CREATED BY INDIVIDUALS, FAMILIES, CORPORATIONS, AND NONPROFIT ORGANIZATIONS TO BENEFIT THE COMMUNITY THROUGH GRANTS TO OTHER LOCAL NONPROFIT ORGANIZATIONS, GOVERNMENTAL AGENCIES, AND EDUCATIONAL ORGANIZATIONS. ALL GRANTS ARE CREATED TO HELP BENEFIT THE COMMUNITY FOR ALL AGE GROUPS.
COMMUNITY INITIATIVES INCLUDE A STUDY OF TRANSPORTATION NEEDS OF SENIOR CITIZENS, A CHILDHOOD LITERACY PROGRAM, AND HOLIDAY ASSISTANCE TO LOW-INCOME FAMILIES WHO HAVE CHILDREN WITH SPECIAL NEEDS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy White-Dickens Executive Director | Officer | 40 | $87,000 |
Bret Schapman Chairperson | Officer | 2 | $0 |
Kenneth Hummel Vice - Chairperson | Officer | 1 | $0 |
Peggy Domenick-Muscat Treasurer | Officer | 1 | $0 |
Sheila Mcdonald Secretary | Officer | 1 | $0 |
Jason Verlinde Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,603 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,613,107 |
| Noncash contributions included in lines 1a–1f | $918,775 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,622,710 |
| Total Program Service Revenue | $0 |
| Investment income | $430,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,996,871 |
| Net Income from Fundraising Events | $2,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,055,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,889 |
| Grants and other assistance to domestic individuals. | $338,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,634 |
| Compensation of current officers, directors, key employees. | $73,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,457 |
| Pension plan accruals and contributions | $2,010 |
| Other employee benefits | $346 |
| Payroll taxes | $12,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $19,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,178 |
| Fees for services: Other | $45,765 |
| Advertising and promotion | $15,129 |
| Office expenses | $12,156 |
| Information technology | $24,073 |
| Royalties | $0 |
| Occupancy | $26,815 |
| Travel | $2,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,246 |
| Insurance | $1,887 |
| All other expenses | $1,019 |
| Total functional expenses | $985,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $916,764 |
| Pledges and grants receivable | $556,660 |
| 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 | $21,806 |
| Net Land, buildings, and equipment | $151,663 |
| Investments—publicly traded securities | $23,080,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,012 |
| Total assets | $24,732,011 |
| Accounts payable and accrued expenses | $56,021 |
| Grants payable | $178,935 |
| Deferred revenue | $42,307 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $862,121 |
| 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 | $0 |
| Total liabilities | $1,139,384 |
| Net assets without donor restrictions | $23,583,682 |
| Net assets with donor restrictions | $8,945 |
| 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 | $24,732,011 |
Grants Awarded
Over the last fiscal year, Four County Community Foundation has awarded $162,250 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CAPAC COMMUNITY SCHOOLS PURPOSE: EDUCATIONAL ACTIVITIES & ATHLETICS | $22,940 |
IMMANUEL CONGREGATIONAL UNITED CHURCH OF CHRIST PURPOSE: NEIGHBORS HELPING NEIGHBORS PROGRAM | $18,000 |
Mt Clemens, MI PURPOSE: HOMELESS SHELTER SUPPORT | $16,000 |
Leonard, MI PURPOSE: ADA ACCESSIBLE PARKING & REST AREAS | $10,000 |
Clinton Township, MI PURPOSE: HOMELESS SHELTER SUPPORT | $10,000 |
OXFORD TOWNSHIP PARKS & RECREATION PURPOSE: COMMUNITY GARDEN & GREENHOUSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Four County Community Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITABLE | | $500 |
Endowment Analysis
| Beg. Balance | $19,391,978 |
| Earnings | $2,928,992 |
| Admin Expense | $292,691 |
| Net Contributions | $1,436,326 |
| Other Expense | $10,770 |
| Grants | $482,883 |
| Ending Balance | $22,970,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |