Central Montcalm Community Foundation
- Assets
- $2.0m
- Revenue
- $262.6k
- Investments
- $756.0
- Employees
- 2
- Location
- Stanton, MI
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 38-3068773
Organization Overview
Central Montcalm Community Foundation is located in Stanton, MI. The organization was established in 1993. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Central Montcalm Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Montcalm 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, Central Montcalm Community Foundation generated $262.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $62.0k during the year ending 12/2021. While expenses have increased by 2.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LITERARY, ARTISTIC OR SCIENTIFIC UNDERTAKINGS IN THE MONCALM COUNTY MICHIGAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - TO PROVIDE COLLEGE SCHOLARSHIPS TO CENTRAL MONTCALM COMMUNITY STUDENTS.
SUPPORT CHARITABLE, PHILANTHROPIC, EDUCATIONAL, LITERARY, ARTISTIC OR SCIENTIFIC UNDERTAKINGS IN THE MONTCALM COUNTY, MICHIGAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginger Gurecki President | OfficerTrustee | $0 | |
Bill Simpson Jr Vice Preside | OfficerTrustee | $0 | |
Mary Miel Secretary | OfficerTrustee | $0 | |
Doug Seymour Treasurer | OfficerTrustee | $0 | |
Mark Grossbauer Director | Trustee | $0 | |
Kyle Hamlin Director | Trustee | $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 | $162,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,027 |
| Total Program Service Revenue | $0 |
| Investment income | $81,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $290 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,564 |
| Grants and other assistance to domestic individuals. | $26,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $915 |
| Office expenses | $2,414 |
| Information technology | $283 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,122 |
| All other expenses | $95 |
| Total functional expenses | $61,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,778,261 |
| Investments—other securities | $756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,989,322 |
| Accounts payable and accrued expenses | $1,045 |
| Grants payable | $2,200 |
| 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 | $3,245 |
| Net assets without donor restrictions | $14,346 |
| Net assets with donor restrictions | $1,971,731 |
| 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 | $1,989,322 |
Grants Awarded
Over the last fiscal year, Central Montcalm Community Foundation has awarded $29,878 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MONTCALM PUBLIC SCHOOLS INC PURPOSE: GRANTS USED FOR STUDENT SCHOLARSHIPS AND EDUCATIONAL PROJECTS. | $24,578 |
WHITE PINE LIBRARY PURPOSE: GRANT USED TO SUPPORT SUMMER READING PROGRAM AND BIKE SAFETY EVENT. | $2,000 |
Greenville, MI PURPOSE: GRANT USED FOR EARN WHILE YOU LEARN PROGRAM. | $1,200 |
Grand Rapids, MI PURPOSE: GRANT USED FOR FAMILY SUPPORT. | $1,000 |
MONTCALM COUNTY SHERIFF SUPPLIES FOR ADVOCATES PURPOSE: GRANT TO SUPPORT SUPPLIES FOR ADVOCATES. | $1,000 |
MONTCALM COUNTY GREAT START PURPOSE: GRANT TO SUPPORT IMAGINATION LIBRARY AND EARLY CHILDHOOD CONFERENCE. | $100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Montcalm Community Foundation has recieved totaling $2,492.
| Awarding Organization | Amount |
|---|---|
Mall Family Foundation Rockford, MI PURPOSE: PENNY'S WAY & MALL ENDOWMENT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $492 |
Endowment Analysis
| Beg. Balance | $1,726,981 |
| Grants | $47,464 |
| Ending Balance | $1,971,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |
Alliance Community Schools Inc Dayton, OH | $2,196,262 | $6,414,023 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Dugger Union Community Schools Dugger, IN | $4,720,303 | $6,347,033 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
907 Associated School Employees Credit Union Inc Youngstown, OH | $175,293,632 | $5,241,906 |
Duneland Charter School Incorporated Porter, IN | $8,159,001 | $4,448,249 |