Sturgis Area Community Foundation
- Assets
- $29.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Sturgis, MI
- Founding
- 07/2002
- Data as of
- 03/2021
- 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 03/2021, Sturgis Area Community Foundation employed 2 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 03/2021, Sturgis Area Community Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $1.2m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sturgis Area Community Foundation has awarded 95 individual grants totaling $4,024,341. 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
2021
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
PROVIDE SCHOLARSHIPS TO AREA HIGH SCHOOL AND COLLEGE STUDENTS.
PROVIDE FUNDING TO AREA HISTORICAL MUSEUM AND ITS PROGRAMS.
PROVIDE FUNDING FOR ELEVATOR REPAIR AT THE LOCAL HOSPITAL.
BALANCE OF GRANTS PROVIDED TO VARIOUS RECIPIENTS TO PROVIDE BENEFITS WHICH SUPPORT THE FOUNDATION'S MISSION.
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 Richardson Executive Di | Trustee | 40 | $80,833 |
Michael Frost Chairman | OfficerTrustee | 1 | $0 |
Erin Melchi-Baker Vice Chair | OfficerTrustee | 1 | $0 |
Kimberlee Bontrager Trustee | Trustee | 1 | $0 |
John Carmichael Trustee | Trustee | 1 | $0 |
Eric Eishen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,500 |
| Investment income | $611,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $495,774 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,477,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $165,236 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,635 |
| Payroll taxes | $9,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,538 |
| Fees for services: Other | $15,721 |
| Advertising and promotion | $2,074 |
| Office expenses | $10,606 |
| 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 | $2,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,001 |
| All other expenses | $0 |
| Total functional expenses | $1,168,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $32,911 |
| 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 | $133,270 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $28,979,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,738 |
| Total assets | $29,212,630 |
| Accounts payable and accrued expenses | $6,068 |
| Grants payable | $93,396 |
| 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 | $1,049,912 |
| Total liabilities | $1,149,376 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $28,063,254 |
Grants Awarded
Over the last fiscal year, Sturgis Area Community Foundation has awarded $614,941 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF STURGIS PURPOSE: GENERAL SUPPORT | $87,068 |
Sturgis, MI PURPOSE: GENERAL SUPPORT | $84,450 |
STURGIS HOSPITAL PURPOSE: ELEVATOR REPAIR | $67,013 |
STURGIS PUBLIC SCHOOLS PURPOSE: EDUCATIONAL PROGRAMS | $54,183 |
STURGES-YOUNG AUDITORIUM PURPOSE: RESTORATION PROJECT | $22,900 |
Sturgis, MI PURPOSE: GENERAL SUPPORT | $22,735 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sturgis Area Community Foundation has recieved totaling $1,206.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $206 |
Endowment Analysis
| Beg. Balance | $20,628,038 |
| Earnings | $6,520,733 |
| Admin Expense | $233,535 |
| Net Contributions | $220,415 |
| Grants | $588,438 |
| Ending Balance | $26,547,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
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 |