Canton Community Foundation Inc
- Assets
- $5.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Canton, MI
- Founding
- 11/1990
- Data as of
- 06/2023
- EIN
- 38-2898615
Organization Overview
Canton Community Foundation Inc, operating under the name Local Impact Alliance, is located in Canton, MI. The organization was established in 1990. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Local Impact Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Impact Alliance 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 06/2023, Local Impact Alliance generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 23.2% 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 2015, Local Impact Alliance has awarded 171 individual grants totaling $2,129,501. 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
HELPING PEOPLE ACHIEVE THEIR PHILANTHROPIC GOALS THAT REFLECT THE VALUES AND INTERESTS THAT ENHANCE THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CANTON COMMUNITY FOUNDATION IN DOING BUSINESS AS THE LOCAL IMPACT ALLIANCE (LIA) SERVES THE CANTON, PLYMOUTH, WESTLAND, AND SURROUNDING COMMUNITIES. LIA RECOGNIZES THE UNIQUE FUNCTIONS OF EACH INITIATIVE WITH EACH INITIATIVE'S INTERESTS MADE PROMINENT. THE COMMUNITY FOUNDATION OF PLYMOUTH AND THE WESTLAND COMMUNITY FOUNDATIONS FOCUS ON THE NEEDS IN THEIR RESPECTIVE COMMUNITIES. THE GIVING HOPE, WOMENS' GIVING CIRCLE SEEKS TO EDUCATE WOMEN ABOUT PHILANTHROPY WHILE FOCUSING ON THE NEEDS OF WOMEN AND FAMILIES IN THE REGION. EAGLES FOR CHILDREN FOCUSES ON CHILDREN'S CHARITIES IN THE REGION. LIA SERVES AS A CONVENER FOR COMMUNITY DISCUSSIONS; IDENTIFIES GRANT-MAKING OPPORTUNITIES; ASSISTS SMALL, REGIONAL NONPROFITS IN THEIR MISSION; AND HOSTS NONPROFIT AGENCY FUNDS TO ASSURE CONTINUED SOURCES OF INCOME TO THOSE AGENCIES.
THE LOCAL IMPACT ALLIANCE HOSTS THE LUNCH AND LEARN SERIES IN THE CANTON, PLYMOUTH, AND WESTLAND COMMUNITIES. TOPICS ARE SUGGESTED BY THE COMMUNITY AND THROUGH COMMUNITY ENGAGEMENT BY THE LIA STAFF, BOARD OF DIRECTORS, AND VOLUNTEERS. RECENT TOPICS HAVE INCLUDED FIREARM SAFETY, LONG COVID, PROTECTION OF THE LOCAL WATERSHED, PLANTING POLLINATOR GARDENS, AND PROGRAMMING FOR DEVELOPMENTALLY DISABLED ADULTS. THE FLAGSHIP TOPIC IS INFORMATION AND ASSISTANCE TO VETERANS. VETERANS ARE INVITED TO HEAR SPEAKERS ABOUT HEALTH CARE AND OTHER BENEFITS AND DISCUSS INDIVIDUAL CONCERNS WITH ADVOCATES.
THE CANTON COMMUNITY FOUNDATION, THE COMMUNITY FOUNDATION OF PLYMOUTH AND THE WESTLAND COMMUNITY FOUNDATION PROVIDE SCHOLARSHIPS TO COLLEGE OR TRADE SCHOOL BOUND STUDENTS. A SCHOLARSHIP AT CCF, CFP, AND WCF EMPOWRS THE DONOR TO HELP LOCAL STUDENTS ACHIEVE THEIR ACADEMIC AND CAREER DREAMS. OUR CUTTING-EDGE APPLICATION PROCESS MAKES THE PROCESS EASY FOR STUDENTS AND REVIEWERS TO USE. OUR SCHOLARSHIP DONORS CONSIST OF ORGANIZATIONS AND INDIVIDUALS WHO ARE ALBE TO DESIGN THEIR UNIQUE CRITERIA FOR THEIR SCHOLARSHIP. SINCE 1989, OVER 1.7 MILLION IN SCHOLARSHIPS HAVE BEEN AWARDED TO OVER 1450 STUDENTS.
THE CANTON COMMUNITY FOUNDATION HAS BEEN A LONG-TIME PARTNER IN CONSTRUCTING AND MAINTAINING THE PLYMOUTH COMMUNITY VETERANS MEMORIAL PARK IN DOWNTOWN PLYMOUTH MICHIGAN. THIS PAST YEAR, THE FOUNDATION SECURED FUNDING TO REPLACE WORN PAVERS THAT HONOR AREA VETERANS AND PROVIDED TECHNICAL ASSISTANCE IN THE REPLACEMENT PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Meade President & | OfficerTrustee | 40 | $68,556 |
Darice Schubatis CFO | Officer | 19 | $31,848 |
Brooke Franklin Nov 2022 Former Direc | Trustee | 2 | $0 |
Paul Schrauben Nov 2022 Former Direc | Trustee | 2 | $0 |
Betty Bloch Secretary | OfficerTrustee | 2 | $0 |
Nancy Eggenberger Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,815 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,572,705 |
| Noncash contributions included in lines 1a–1f | $33,071 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,665,520 |
| Total Program Service Revenue | $31,506 |
| Investment income | $87,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$78,787 |
| Net Income from Fundraising Events | -$15,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,691,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,438,863 |
| Grants and other assistance to domestic individuals. | $161,114 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,404 |
| Compensation of current officers, directors, key employees. | $29,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,813 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,260 |
| Office expenses | $11,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,594 |
| Insurance | $4,272 |
| All other expenses | $0 |
| Total functional expenses | $1,834,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,974 |
| Savings and temporary cash investments | $460,867 |
| Pledges and grants receivable | $30,779 |
| 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 | $2,365 |
| Net Land, buildings, and equipment | $7,268 |
| Investments—publicly traded securities | $4,996,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,512,834 |
| Accounts payable and accrued expenses | $29,206 |
| Grants payable | $164,769 |
| 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 | $0 |
| Total liabilities | $193,975 |
| Net assets without donor restrictions | $5,223,665 |
| Net assets with donor restrictions | $95,194 |
| 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 | $5,512,834 |
Grants Awarded
Over the last fiscal year, Canton Community Foundation Inc has awarded $1,098,821 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ABIDE MINISTRIES INC PURPOSE: OPERATING EXPENSES | $8,500 |
BIG BROTHERS BIG SISTERS PURPOSE: OPERATING EXPENSES | $6,000 |
BEYOND BASICS PURPOSE: OPERATING EXPENSES | $7,882 |
BLESSINGS IN A BACKPACK PURPOSE: OPERATING EXPENSES | $9,300 |
BLOOD CANCER FOUNDATION OF MICHIGAN PURPOSE: OPERATING EXPENSES | $11,408 |
BOOTS FOR KIDS PURPOSE: OPERATING EXPENSES | $7,500 |