Baraga County Community Foundation
- Assets
- $1.1m
- Revenue
- $191.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Baraga, MI
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 38-3198122
Organization Overview
Baraga County Community Foundation is located in Baraga, 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. Baraga 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, Baraga County Community Foundation generated $191.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $53.9k during the year ending 12/2021. 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
TO ENHANCE THE QUALITY OF LIFE IN THE AREA OF BARAGA COUNTY, IMPROVING EDUCATIONAL, CULTURAL, RECREATIONAL, ATHLETIC, ENVIRONMENTAL, AND SOCIAL WELFARE RESOURCES AND OPPORTUNITIES, AND DEVELOPING YOUTH FOR COMMUNITY LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANT FUNDING FOR VIRTUAL STREAMING TECHNOLOGY EQUIPMENT FOR USE BY LOCAL AREA SCHOOLS TO MEET THE NEEDS OF THE STUDENT EDUCATION ENVIRONMENT IMPACTED BY COVID19 RESTRICTIONS. PROVIDING SCHOLARSHIP AWARDS FOR THE HIGHER EDUCATION OF GRADUATING SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordette Leutz Executive Director | Officer | 38 | $32,249 |
Byron Sailor Treasurer | Officer | 1 | $0 |
Mary Paquette Vice President | Officer | 5 | $0 |
Gale Eilola President | Officer | 0.5 | $0 |
Martin Meleen Secretary | Officer | 0.5 | $0 |
Charlie Beer Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,560 |
| Total Program Service Revenue | $0 |
| Investment income | $16,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $32,249 |
| Compensation of current officers, directors, key employees. | $32,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,324 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,828 |
| Office expenses | $2,581 |
| 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 | $110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,701 |
| All other expenses | $0 |
| Total functional expenses | $53,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608 |
| Savings and temporary cash investments | $0 |
| 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 | $1,081,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,082,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,082,460 |
| Net assets with donor restrictions | $0 |
| 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 | $1,082,460 |
Endowment Analysis
| Beg. Balance | $1,011,095 |
| Earnings | -$3,175 |
| Admin Expense | $60,587 |
| Net Contributions | $19,238 |
| Other Expense | $3,908 |
| Grants | $34,860 |
| Ending Balance | $927,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Berrien Community Foundation Inc St Joseph, MI | $80,848,791 | $11,315,608 |
Troy Foundation Troy, OH | $148,750,693 | $14,638,954 |
Richland County Foundation Of Mansfield Mansfield, OH | $226,473,727 | $18,165,372 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Hamilton Community Foundation Inc Hamilton, OH | $145,905,583 | $25,541,402 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |