Mt Pleasant Area Community Foundation Inc
- Assets
- $30.6m
- Revenue
- $3.3m
- Investments
- $529.0k
- Employees
- 4
- Location
- Mt Pleasant, MI
- Founding
- 12/1990
- Data as of
- 12/2021
- EIN
- 38-2951873
Organization Overview
Mt Pleasant Area Community Foundation Inc is located in Mt Pleasant, MI. The organization was established in 1990. 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, Mt Pleasant Area Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Pleasant Area Community Foundation Inc 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, Mt Pleasant Area Community Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.6% 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, Mt Pleasant Area Community Foundation Inc has awarded 129 individual grants totaling $4,202,783. 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
TO ENHANCE THE QUALITY OF LIFE FOR ALL CITIZENS OF ISABELLA COUNTY, NOW AND FOR GENERATIONS TO COME, BY ATTRACTING AND HOLDING PERMANENT, ENDOWED FUNDS FROM A WIDE RANGE OF DONORS, ADDRESSING THE NEEDS THROUGH GRANT MAKING, AND PROVIDING LEADERSHIP ON KEY COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A COLLECTION OF LOCAL FUNDS GIVEN BY INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO ENHANCE AND SUPPORT THE QUALITY OF LIFE FOR ALL THE PEOPLE IN THE MT. PLEASANT AREA. IN ADDITION TO MANAGING CHARITABLE CONTRIBUTIONS ON BEHALF OF DONORS, THE MT. PLEASANT AREA COMMUNITY FOUNDATION SERVES ISABELLA COUNTY THROUGH THE AWARDING OF GRANTS TO CHARITABLE ORGANIZATIONS TOTALING 538,468 AND SCHOLARSHIPS TO STUDENTS TOTALING 127,100 IN 2021. THE COMMUNITY FOUNDATION'S LARGEST GRANTS IN 2021 WERE AWARDED TO THE MOUNT PLEASANT DISCOVERY MUSEUM, ISSUE MEDIA GROUP, AND MIDMICHIGAN HEALTH FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Schafer Ceo/coo | Officer | 40 | $89,297 |
Cheryl Gaudard Vice Preside | OfficerTrustee | 1 | $0 |
Marcie Otteman Secretary | OfficerTrustee | 1 | $0 |
Mary Ann O'neil President | OfficerTrustee | 1 | $0 |
Brian Rush Treasurer | OfficerTrustee | 1 | $0 |
Paul Alexander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,092 |
| Related organizations | $0 |
| Government grants | $23,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,881,248 |
| Noncash contributions included in lines 1a–1f | $251,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,954,121 |
| Total Program Service Revenue | $51,779 |
| Investment income | $611,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $654,367 |
| Net Income from Fundraising Events | $1,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,279,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $538,468 |
| Grants and other assistance to domestic individuals. | $127,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,091 |
| Compensation of current officers, directors, key employees. | $38,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,587 |
| Pension plan accruals and contributions | $6,090 |
| Other employee benefits | $6,312 |
| Payroll taxes | $17,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,516 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,392 |
| Office expenses | $6,619 |
| Information technology | $29,072 |
| Royalties | $0 |
| Occupancy | $9,941 |
| Travel | $852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,739 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,138 |
| Insurance | $5,516 |
| All other expenses | $827 |
| Total functional expenses | $1,101,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,889 |
| Savings and temporary cash investments | $525,730 |
| Pledges and grants receivable | $27,080 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,135 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,996 |
| Net Land, buildings, and equipment | $435,191 |
| Investments—publicly traded securities | $27,555,615 |
| Investments—other securities | $529,024 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,138,863 |
| Total assets | $30,622,523 |
| Accounts payable and accrued expenses | $9,172 |
| Grants payable | $50,741 |
| Deferred revenue | $5,526 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,562,903 |
| 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 | $5,628,342 |
| Net assets without donor restrictions | $23,828,238 |
| Net assets with donor restrictions | $1,165,943 |
| 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 | $30,622,523 |
Grants Awarded
Over the last fiscal year, Mt Pleasant Area Community Foundation Inc has awarded $444,022 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Mt Pleasant, MI PURPOSE: MORTGAGE/EXHIBIT | $77,285 |
ISSUE MEDIA GROUP PURPOSE: EPICENTER MP | $59,000 |
Midland, MI PURPOSE: HOSPICE CARE | $37,405 |
FREMONT TOWNSHIP OF ISABELLA COUNTY PURPOSE: PARK PLAYGROUND | $28,666 |
MT PLEASANT FIRE DEPARTMENT PURPOSE: RADIOS | $26,282 |
Mt Pleasant, MI PURPOSE: RN SALARIES | $22,368 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mt Pleasant Area Community Foundation Inc has recieved totaling $101,565.
| Awarding Organization | Amount |
|---|---|
W E Martin Foundation Mt Pleasant, MI PURPOSE: WE MARTIN FD FOR FUTURE COMM PROJ | $90,565 |
W E Martin Foundation Mt Pleasant, MI PURPOSE: WOMEN'S INITIATIVE FD | $10,000 |
W E Martin Foundation Mt Pleasant, MI PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $24,676,038 |
| Earnings | $3,807,202 |
| Admin Expense | $383,047 |
| Net Contributions | $1,858,866 |
| Grants | $689,962 |
| Ending Balance | $29,269,097 |
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 |