Capital Region Community Foundation
- Assets
- $128.6m
- Revenue
- $7.8m
- Investments
- $5.3m
- Employees
- 11
- Location
- Lansing, MI
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 38-2776652
Organization Overview
Capital Region Community Foundation is located in Lansing, 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 12/2022, Capital Region Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Region 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, Capital Region Community Foundation generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Capital Region Community Foundation has awarded 868 individual grants totaling $28,581,704. 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 LEAD PHILANTHROPIC SOLUTIONS THAT BUILD VIBRANT COMMUNITIES IN INGHAM, EATON AND CLINTON COUNTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ACT AS A COMMUNITY FOUNDATION. SEE SCHEDULE I FOR ACTIVITY AND GRANTS ISSUED IN AMOUNTS OVER $5,000. NUMEROUS OTHER SMALLER GRANTS AND SCHOLARSHIPS WERE ISSUED THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Baumer President & CEO (began 6/22) | Officer | 40 | $171,206 |
Dennis Fliehman President & CEO (ended 6/22) | Officer | 40 | $105,934 |
Kristin Rogers CFO & VP Of Operations | Officer | 40 | $98,829 |
Bryan Beverly Trustee | Trustee | 1 | $0 |
Eric Bowers Trustee | Trustee | 1 | $0 |
Lisa Bond Brewer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,825,206 |
| Noncash contributions included in lines 1a–1f | $974,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,125,206 |
| Total Program Service Revenue | $0 |
| Investment income | $5,622,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,069,154 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,769,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,243,012 |
| Grants and other assistance to domestic individuals. | $421,299 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,130 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $432,371 |
| Compensation of current officers, directors, key employees. | $213,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,066 |
| Pension plan accruals and contributions | $13,829 |
| Other employee benefits | $34,444 |
| Payroll taxes | $52,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,335 |
| Fees for services: Other | $11,175 |
| Advertising and promotion | $9,815 |
| Office expenses | $14,928 |
| Information technology | $55,891 |
| Royalties | $0 |
| Occupancy | $66,770 |
| Travel | $2,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,484 |
| Insurance | $13,720 |
| All other expenses | $6,111 |
| Total functional expenses | $6,197,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,814 |
| Savings and temporary cash investments | $1,135,998 |
| Pledges and grants receivable | $547,407 |
| 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 | $14,254 |
| Net Land, buildings, and equipment | $10,718 |
| Investments—publicly traded securities | $120,054,362 |
| Investments—other securities | $5,283,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $478,025 |
| Total assets | $128,610,003 |
| Accounts payable and accrued expenses | $40,005 |
| Grants payable | $361,430 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,450,125 |
| 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 | $472,809 |
| Total liabilities | $14,324,369 |
| Net assets without donor restrictions | $113,362,508 |
| Net assets with donor restrictions | $923,126 |
| 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 | $128,610,003 |
Grants Awarded
Over the last fiscal year, Capital Region Community Foundation has awarded $3,935,378 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
ALL OF THE ABOVE HIP HOP ACADEMY (AOTA) PURPOSE: CAPACITY BUILDING | $29,000 |
ALLEN NEIGHBORHOOD CENTER PURPOSE: IMPACT GRANT | $75,000 |
AMERICAN RED CROSS OF MID MICHIGAN PURPOSE: DONOR ADVISED | $10,000 |
ARTS COUNCIL OF GREATER LANSING INC PURPOSE: AGENCY FUNDS | $43,315 |
ARTS COUNCIL OF GREATER LANSING INC PURPOSE: CAPACITY BUILDING | $13,100 |
ASSISTANCE LEAGUE OF ATLANTA PURPOSE: DONOR ADVISED | $10,000 |