Barry County Community Foundation
- Assets
- $49.1m
- Revenue
- $3.2m
- Investments
- $2.4m
- Employees
- 13
- Location
- Hastings, MI
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 38-3246131
Organization Overview
Barry County Community Foundation is located in Hastings, MI. The organization was established in 1995. 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 06/2023, Barry County Community Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry 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 06/2023, Barry County Community Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Barry County Community Foundation has awarded 211 individual grants totaling $8,768,925. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BARRY COMMUNITY FOUNDATION WILL SERVE AS A LEADER, CATALYST AND RESOURCE TO IMPROVE THE LIVES OF PEOPLE IN THE BARRY COUNTY AREA BY PROMOTING CHARITABLE GIVING AND THE CREATION OF PERMANENTLY ENDOWED FUNDS, NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
THE FOUNDATION'S EXEMPT PURPOSE IS ACHIEVED THROUGH IDENTIFYING & ADDRESSING CURRENT AND ANTICIPATED COMMUNITY NEEDS, PROVIDING SERVICES TO ASSIST DONORS IN FULFILLING THEIR PHILANTHROPIC INTERESTS, AND FOSTERING YOUTH DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Norris Chair | OfficerTrustee | 8 | $0 |
Barbara Case Secretary | OfficerTrustee | 5 | $0 |
David Coleman Treasurer | OfficerTrustee | 8 | $0 |
Jennifer Haywood Vice Chair | OfficerTrustee | 4 | $0 |
Diane Gaertner Director | Trustee | 10 | $0 |
Korin Ayers Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $98,206 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,858,124 |
| Noncash contributions included in lines 1a–1f | $114,632 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,956,330 |
| Total Program Service Revenue | $0 |
| Investment income | $759,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$626,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,156,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,487,156 |
| Grants and other assistance to domestic individuals. | $253,264 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,843 |
| Compensation of current officers, directors, key employees. | $61,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,386 |
| Pension plan accruals and contributions | $7,992 |
| Other employee benefits | $18,137 |
| Payroll taxes | $34,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,776 |
| Fees for services: Other | $584,566 |
| Advertising and promotion | $57,933 |
| Office expenses | $30,693 |
| Information technology | $38,574 |
| Royalties | $0 |
| Occupancy | $32,100 |
| Travel | $20,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,663 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,006 |
| Insurance | $6,834 |
| All other expenses | $11,619 |
| Total functional expenses | $3,254,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,945,786 |
| Savings and temporary cash investments | $634,373 |
| Pledges and grants receivable | $109,856 |
| 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 | $40,380,736 |
| Investments—other securities | $2,382,871 |
| Investments—program-related | $498,355 |
| Intangible assets | $0 |
| Other assets | $1,098,349 |
| Total assets | $49,050,326 |
| Accounts payable and accrued expenses | $63,948 |
| 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 | $422,174 |
| Total liabilities | $486,122 |
| Net assets without donor restrictions | $47,488,728 |
| Net assets with donor restrictions | $1,075,476 |
| 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 | $49,050,326 |
Grants Awarded
Over the last fiscal year, Barry County Community Foundation has awarded $1,500,134 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BARRY CONSERVATION DISTRICT PURPOSE: GENERAL SUPPORT | $7,661 |
BARRY COUNTY CARES PURPOSE: GENERAL SUPPORT | $20,000 |
BARRY COUNTY JUNIOR GOLF ASSOCIATION(AKA LEGACY JUNIOR GOLF FOUNDATION PURPOSE: GENERAL SUPPORT | $23,127 |
BARRY COUNTY UNITED WAY PURPOSE: GENERAL SUPPORT | $218,808 |
BLUE ZONES ACTIVATE PURPOSE: GENERAL SUPPORT | $50,000 |
CITY OF HASTINGS PURPOSE: GENERAL SUPPORT | $205,514 |