Fremont Area Elderly Needs Fund

Organization Overview

Fremont Area Elderly Needs Fund, operating under the name Bridging Generations Fund, is located in Fremont, MI. The organization was established in 1993. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridging Generations Fund 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, Bridging Generations Fund generated $987.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $542.9k during the year ending 12/2021. While expenses have increased by 0.4% 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, Bridging Generations Fund has awarded 37 individual grants totaling $2,466,777. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE OLDER ADULT POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WEST MICHIGAN AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE ELDERLY POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WESTERN MICHIGAN AREA. GRANTS INCLUDE TRANSPORTATION AND IMPROVING THE QUALITY OF LIFE FOR SENIOR CITIZENS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$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$20,025
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,025
Total Program Service Revenue$0
Investment income $617,977
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $349,730
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $987,732

Grants Awarded

Over the last fiscal year, Fremont Area Elderly Needs Fund has awarded $397,043 in support to 6 organizations.

Grant RecipientAmount

NEWAYGO COUNTY COMMISSION ON AGING

PURPOSE: Bus Access Transportation, Project Fresh, Homemaker Companion,Social Isolation Pgm, Respite Services,Meals Pgm, Health Transportation Pgm,

$255,243

FREMONT AREA COMMUNITY FOUNDATION

Org PageRecipient Profile

Fremont, MI

PURPOSE: Creative problem solving workshop

$60,000

CATHOLIC CHARITIES WEST MICHIGAN

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: AmeriCorps Senior Companion Program

$45,000

REEMAN CHRISTIAN REFORMED CHURCH

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: Wellspring Adult Day Services

$15,000

BELLWETHER HARBOR

Org PageRecipient Profile

Fremont, MI

PURPOSE: Seniors for Seniors Foster Cat Program

$11,000

SENIOR SING A-LONG

Org PageRecipient Profile

Wyoming, MI

PURPOSE: Music Therapy and Life Enrichmen

$10,800
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fremont Area Elderly Needs Fund has recieved totaling $19,000.

Awarding OrganizationAmount
Fremont Area Community Foundation

Fremont, MI

PURPOSE: Support grantmaking to charitable organizations that server the elderly population of Newaygo County and the surrounding Western Michigan area.

$19,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,029,189
Earnings$1,956,311
Admin Expense$140,908
Net Contributions$20,025
Grants$402,006
Ending Balance$13,462,611

Peer Organizations

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