Livonia Community Foundation
- Assets
- $2.6m
- Revenue
- $176.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Livonia, MI
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 38-3104141
Organization Overview
Livonia Community Foundation is located in Livonia, MI. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livonia 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 12/2023, Livonia Community Foundation generated $176.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $139.7k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS FOR THE PRESERVATION OF CIVIC TREASURES AND THE MAKING OF GRANTS IN SUPPORT OF ARTS, CULTURE, AND CHARITITES IN LIVONIA, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED IN PROMOTION AND DEVELOPMENT OF ORGANIZATIONS AND PROGRAMS THAT ENHANCE THE QUALITY OF LIFE FOR RESIDENTS - ARTS AND CULTURAL ORGANIZATIONS - HISTORICAL PRESERVATION ACTIVITIES - PROGRAMS ENHANCING THE HEALTH AND WELFARE FOR RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Meakin Executive Director | OfficerTrustee | 8 | $20,000 |
John Hiltz President | OfficerTrustee | 0.5 | $0 |
Charlie Mahoney Vice President | OfficerTrustee | 0.5 | $0 |
Gregory Coppola Treasurer | OfficerTrustee | 0.5 | $0 |
Terry Marecki Secretary | OfficerTrustee | 0.5 | $0 |
William Fried Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,209 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,556 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,765 |
| Total Program Service Revenue | $0 |
| Investment income | $56,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,643 |
| Net Income from Fundraising Events | -$5,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,082 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,598 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,713 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $1,164 |
| All other expenses | $1,147 |
| Total functional expenses | $139,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,308 |
| Savings and temporary cash investments | $7,636 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,505,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,634,033 |
| Accounts payable and accrued expenses | $454 |
| Grants payable | $80,000 |
| 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 | $80,454 |
| Net assets without donor restrictions | $2,540,343 |
| Net assets with donor restrictions | $13,236 |
| 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 | $2,634,033 |
Grants Awarded
Over the last fiscal year, Livonia Community Foundation has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LIVONIA | | | $8,000 |
LIVONIA SYMPHONY SOCIETY INC PURPOSE: SUPPORT PROGRAMS | $6,000 |