Sturgis Area Community Foundation
- Assets
- $32.2m
- Revenue
- $3.0m
- Investments
- $3.3m
- Employees
- 3
- Location
- Sturgis, MI
- Founding
- 07/2002
- Data as of
- 03/2024
- EIN
- 38-3649922
Organization Overview
Sturgis Area Community Foundation is located in Sturgis, MI. The organization was established in 2002. 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 03/2024, Sturgis Area Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturgis Area 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 03/2024, Sturgis Area Community Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $2.3m during the year ending 03/2024. While expenses have increased by 6.3% 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.
Since 2016, Sturgis Area Community Foundation has awarded 154 individual grants totaling $6,618,759. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE USE OF POOLED FUNDS FOR CHARITABLE, BENEVOLENT, INDUSTRIAL DEVELOPMENT, AND EDUCATIONAL USES TO MEET THE CHANGING NEEDS OF THE LOCAL COMMUNITY BY ALLOWING PERSONS OF ALL MEANS TO HELP CONTRIBUTE TO THESE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGING AND ADMINISTERING A DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS, NONPROFIT ENDOWMENT FUNDS, SCHOLARSHIP FUNDS, AND UNRESTRICTED FUNDS. THESE ACTIVITIES INCLUDE PROMOTING PHILANTHROPY, OVERSEEING FUND DISTRIBUTIONS, AND SUPPORTING CHARITABLE ORGANIZATIONS AND INITIATIVES THROUGH GRANTS AND SCHOLARSHIPS. BY STEWARDING THESE FUNDS, THE FOUNDATION FULFILLS ITS EXEMPT PURPOSE OF FOSTERING PHILANTHROPY, ADDRESSING COMMUNITY NEEDS, AND SUPPORTING CHARITABLE EFFORTS IN ALIGNMENT WITH ITS MISSION AND DONOR INTENT.
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 |
|---|---|---|---|
Lindsay Aguilar Executive Di | Trustee | 40 | $108,937 |
Erin Melchi-Baker Chair | OfficerTrustee | 2 | $0 |
Ned Haylett Vice Chair | OfficerTrustee | 2 | $0 |
Kimberlee Bontrager Treasurer | OfficerTrustee | 2 | $0 |
John Carmichael Trustee | Trustee | 2 | $0 |
Joe Haas Trustee | Trustee | 2 | $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 | $2,122,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,122,230 |
| Total Program Service Revenue | $0 |
| Investment income | $738,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$177,098 |
| Net Income from Fundraising Events | -$575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,009,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,211,567 |
| Grants and other assistance to domestic individuals. | $113,908 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,226 |
| Compensation of current officers, directors, key employees. | $84,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,166 |
| Payroll taxes | $15,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,931 |
| Fees for services: Other | $5,606 |
| Advertising and promotion | $1,425 |
| Office expenses | $6,400 |
| Information technology | $11,867 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,819 |
| All other expenses | $5,295 |
| Total functional expenses | $2,260,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,405 |
| 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 | $282,356 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,319,440 |
| Investments—other securities | $3,308,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,371 |
| Total assets | $32,204,128 |
| Accounts payable and accrued expenses | $11,565 |
| Grants payable | $297,089 |
| 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 | $1,306,324 |
| Total liabilities | $1,614,978 |
| Net assets without donor restrictions | $3,669,658 |
| Net assets with donor restrictions | $26,919,492 |
| 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 | $32,204,128 |
Grants Awarded
Over the last fiscal year, Sturgis Area Community Foundation has awarded $819,876 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP FORT HILL INC PURPOSE: RENOVATION & SUPPORT | $45,096 |
CASA OF SOUTHWESTERN MICHIGAN PURPOSE: ADVOCACY FOR CHILDRE | $10,710 |
CENTERVILLE PUBLIC SCHOOLS PURPOSE: GENERAL | $5,481 |
CHILDREN'S CONCERNS OF ST JOSEPH CO PURPOSE: ADMIN SPECIAL | $10,000 |
CITY OF STURGIS PURPOSE: GENERAL SUPPORT | $81,082 |
DOYLE COMMUNITY CENTER PURPOSE: GENERAL | $8,217 |