Kelsey Community Wellness Center Foundation Inc is located in Lakeview, MI. The organization was established in 1999. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Kelsey Community Wellness Center Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelsey Community Wellness Center Foundation Inc 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, Kelsey Community Wellness Center Foundation Inc generated $176.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $124.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. 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 PROVIDE HEALTH AND WELLNESS TO ALL SECTIONS OF THE POPULATION WITHIN OUR SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIPS AND EXERCISE EQUIPMENT
SWIMMING POOL AEROBICS AND PHYSICAL THERAPY
PERSONAL TRAINING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edwin Winter Chairman | OfficerTrustee | 1 | $0 |
Luann Koester Secretary | OfficerTrustee | 2.3 | $0 |
Ken Rader Trustee | Trustee | 0.5 | $0 |
Roger Bachman Trustee | Trustee | 1.8 | $0 |
Tammi Shaw Trustee | Trustee | 0.5 | $0 |
Martin Simescu Treasurer | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $5,109 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $43,588 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $48,697 |
Total Program Service Revenue | $93,311 |
Investment income | $32 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $32,736 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,717 |
Miscellaneous Revenue | $0 |
Total Revenue | $176,493 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $51,025 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,773 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,858 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,503 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $41,583 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,216 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,618 |
All other expenses | $3,450 |
Total functional expenses | $124,482 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,830 |
Savings and temporary cash investments | $58,928 |
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 | $492,021 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $559,779 |
Accounts payable and accrued expenses | $4,047 |
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 | $22,417 |
Other liabilities | $0 |
Total liabilities | $26,464 |
Net assets without donor restrictions | $533,315 |
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 | $559,779 |