Charlevoix County Community Foundation
- Assets
- $63.1m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 6
- Location
- East Jordan, MI
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 38-3033739
Organization Overview
Charlevoix County Community Foundation is located in East Jordan, MI. The organization was established in 1992. 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, Charlevoix County Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlevoix 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, Charlevoix County Community Foundation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 5.6% 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 2021, Charlevoix County Community Foundation has awarded 81 individual grants totaling $1,717,216. 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
AWARDING GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES THE COUNTY OF CHARLEVOIX, MICHIGAN, THROUGH THE AWARDING OF GRANTS TO OTHER NON-PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hansen Jr President | Officer | 40 | $115,465 |
Lori Meeder Treasurer | OfficerTrustee | 2 | $0 |
Fred Malpass Vice-Chair | OfficerTrustee | 2 | $0 |
Don Jess Chair | OfficerTrustee | 2 | $0 |
Josette Lory Past Chair | OfficerTrustee | 2 | $0 |
Monica Peck Secretary | OfficerTrustee | 2 | $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 | $6,367,440 |
| Noncash contributions included in lines 1a–1f | $211,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,367,440 |
| Total Program Service Revenue | $0 |
| Investment income | $2,507,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $592,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,467,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,933,519 |
| Grants and other assistance to domestic individuals. | $574,424 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,465 |
| Compensation of current officers, directors, key employees. | $51,959 |
| Compensation to disqualified persons | $42,945 |
| Other salaries and wages | $196,647 |
| Pension plan accruals and contributions | $19,229 |
| Other employee benefits | $37,631 |
| Payroll taxes | $30,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,246 |
| Fees for services: Accounting | $15,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,980 |
| Advertising and promotion | $33,586 |
| Office expenses | $24,042 |
| Information technology | $44,439 |
| Royalties | $0 |
| Occupancy | $7,120 |
| Travel | $7,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,134 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,362,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,392 |
| Savings and temporary cash investments | $4,134,387 |
| Pledges and grants receivable | $42,760 |
| 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 | $3,005 |
| Net Land, buildings, and equipment | $396,632 |
| Investments—publicly traded securities | $58,397,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,074,524 |
| Accounts payable and accrued expenses | $14,806 |
| Grants payable | $470,825 |
| 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 | $4,699,961 |
| Total liabilities | $5,185,592 |
| Net assets without donor restrictions | $1,092,342 |
| Net assets with donor restrictions | $56,796,590 |
| 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 | $63,074,524 |
Grants Awarded
Over the last fiscal year, Charlevoix County Community Foundation has awarded $1,717,216 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
Charlevoix, MI PURPOSE: General operations and improvements | $164,561 |
Petoskey, MI PURPOSE: General operations and program supp | $77,017 |
Petoskey, MI PURPOSE: Building Tomorrow Together | $72,765 |
EAST JORDAN PUBLIC SCHOOLS PURPOSE: Education programs | $66,964 |
Harbor Springs, MI PURPOSE: Land purchase and operations | $60,186 |
Traverse City, MI PURPOSE: Hospital programs | $59,863 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Charlevoix County Community Foundation has recieved totaling $177,461.
| Awarding Organization | Amount |
|---|---|
Frey Foundation Grand Rapids, MI PURPOSE: FREY FAMILY FUND | $129,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,750 |
Petoskey-Harbor Springs Area Community Foundation Petoskey, MI PURPOSE: TO THE HESTIA FUND-WOMEN'S GIVING CIRCLE | $12,500 |
Community Foundation Of Collier County Naples, FL PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,000 |
Wildwood Foundation Tr Pittsburgh, PA PURPOSE: BELVEDERE CLUB SCHOLARSHIP ENDOWMENT FUND | $5,000 |
Phillip V And Sylvia M Fredericksonfoundation Charlevoix, MI PURPOSE: CHARLEVOIX SCHOLARSHIP ENDOWMENT | $3,000 |
Endowment Analysis
| Beg. Balance | $39,739,033 |
| Earnings | $6,838,402 |
| Net Contributions | $4,585,250 |
| Other Expense | $1,671,216 |
| Grants | $774,064 |
| Ending Balance | $48,717,405 |
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 |