Capital Region Community Foundation
- Assets
- $150.1m
- Revenue
- $10.3m
- Investments
- $4.4m
- Employees
- 11
- Location
- Lansing, MI
- Founding
- 04/1988
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Capital Region Community Foundation generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 5.9% 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 2015, Capital Region Community Foundation has awarded 742 individual grants totaling $24,646,326. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
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 |
|---|---|---|---|
Dennis Fliehman President & CEO (ended 6/2022) | Officer | 40 | $197,377 |
Laurie Baumer President & CEO | Officer | 40 | $147,809 |
Angelia Salas Chair | OfficerTrustee | 1 | $0 |
Michael Gilmore Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Katie Lynwood Past Chair | OfficerTrustee | 1 | $0 |
Jeff Benson Treasurer | OfficerTrustee | 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 | $8,344,312 |
| Noncash contributions included in lines 1a–1f | $403,332 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,344,312 |
| Total Program Service Revenue | $0 |
| Investment income | $2,407,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$558,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,272,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,857,240 |
| Grants and other assistance to domestic individuals. | $258,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,225 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,320 |
| Compensation of current officers, directors, key employees. | $198,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,870 |
| Pension plan accruals and contributions | $19,380 |
| Other employee benefits | $30,768 |
| Payroll taxes | $48,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,550 |
| Fees for services: Accounting | $19,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,037 |
| Fees for services: Other | $8,341 |
| Advertising and promotion | $13,296 |
| Office expenses | $16,201 |
| Information technology | $40,774 |
| Royalties | $0 |
| Occupancy | $65,531 |
| Travel | $2,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,682 |
| Insurance | $11,497 |
| All other expenses | $6,909 |
| Total functional expenses | $6,603,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $594,657 |
| 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 | $14,511 |
| Net Land, buildings, and equipment | $13,038 |
| Investments—publicly traded securities | $143,986,905 |
| Investments—other securities | $4,350,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,843 |
| Total assets | $150,060,130 |
| Accounts payable and accrued expenses | $48,875 |
| Grants payable | $328,100 |
| Deferred revenue | $0 |
| 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 | $74,534 |
| Total liabilities | $451,509 |
| Net assets without donor restrictions | $148,636,411 |
| Net assets with donor restrictions | $972,210 |
| 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 | $150,060,130 |
Grants Awarded
Over the last fiscal year, Capital Region Community Foundation has awarded $4,234,590 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
Lansing, MI PURPOSE: AGENCY FUNDS | $467,907 |
Lansing, MI PURPOSE: AGENCY FUNDS | $400,000 |
Lansing, MI PURPOSE: AGENCY FUNDS | $173,812 |
Detroit, MI PURPOSE: AGENCY FUNDS | $172,814 |
ST JOHN CHURCH & STUDENT CENTER PURPOSE: AGENCY FUNDS | $121,822 |
Detroit, MI PURPOSE: AGENCY FUNDS | $112,869 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Capital Region Community Foundation has recieved totaling $1,653,863.
| Awarding Organization | Amount |
|---|---|
Ingham County Home Association The Womens Home Haslett, MI | | $1,480,747 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $149,100 |
Mary Free Bed Rehabilitation Hospital Foundation Grand Rapids, MI PURPOSE: PEDIATRIC PLAYGROUND | $15,000 |
Mariel Foundation Traverse City, MI PURPOSE: CHARITABLE | $4,000 |
Phillip V And Sylvia M Fredericksonfoundation Charlevoix, MI PURPOSE: HOPE SCHOLARSHIP FUND | $3,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT | $1,000 |
Endowment Analysis
| Beg. Balance | $115,231,600 |
| Earnings | $17,318,337 |
| Admin Expense | $596,643 |
| Net Contributions | $7,544,522 |
| Other Expense | $1,867 |
| Grants | $5,860,520 |
| Ending Balance | $133,635,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |