Berrien Community Foundation Inc
- Assets
- $91.9m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 9
- Location
- St Joseph, MI
- Founding
- 04/1958
- Data as of
- 12/2023
- EIN
- 38-6057160
Organization Overview
Berrien Community Foundation Inc is located in St Joseph, MI. The organization was established in 1958. 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 12/2023, Berrien Community Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berrien Community 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, Berrien Community Foundation Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 4.1% 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 2015, Berrien Community Foundation Inc has awarded 1,611 individual grants totaling $65,302,105. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT THE POWER OF THE PEOPLE WHO CARE WITH CAUSES AND ORGANIZATIONS THAT STRENGTHEN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TAKE AND HOLD, BY GIFTS, BEQUEST OR MONEY FOR THE PRESERVATION OF OBJECTS OF HISTORICAL INTEREST OR FOR RELIGIOUS, ELEEMOSYNARY, PHILANTHROPIC OR BENEVOLENT PURPOSES FOR PUBLIC WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Maki Chair | OfficerTrustee | 5 | $0 |
Sarah Jollay Vice Chair | OfficerTrustee | 5 | $0 |
Alexis Harris Treasurer | OfficerTrustee | 5 | $0 |
Ray Lipscomb Secretary | OfficerTrustee | 5 | $0 |
Christina Hardy Trustee | Trustee | 2 | $0 |
Gloria Ender 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 | $7,159,773 |
| Noncash contributions included in lines 1a–1f | $2,664,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,159,773 |
| Total Program Service Revenue | $3,268 |
| Investment income | $2,091,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,172,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,568,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,466,696 |
| Grants and other assistance to domestic individuals. | $290,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,491 |
| Compensation of current officers, directors, key employees. | $59,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,651 |
| Pension plan accruals and contributions | $20,222 |
| Other employee benefits | $0 |
| Payroll taxes | $40,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $401,945 |
| Fees for services: Other | $172,452 |
| Advertising and promotion | $104,214 |
| Office expenses | $11,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,936 |
| Insurance | $6,653 |
| All other expenses | $3,796 |
| Total functional expenses | $8,202,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,867,075 |
| Pledges and grants receivable | $2,415,119 |
| Accounts receivable, net | $1,621 |
| 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 | $180,127 |
| Investments—publicly traded securities | $82,378,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,988 |
| Total assets | $91,887,707 |
| Accounts payable and accrued expenses | $1,291 |
| Grants payable | $0 |
| Deferred revenue | $242,490 |
| 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 | $118,189 |
| Total liabilities | $361,970 |
| Net assets without donor restrictions | $90,736,867 |
| Net assets with donor restrictions | $788,870 |
| 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 | $91,887,707 |
Grants Awarded
Over the last fiscal year, Berrien Community Foundation Inc has awarded $5,907,678 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
100 WOMEN STRONG PURPOSE: GENERAL SUPPORT | $6,250 |
ACORN CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL SUPPORT, COMMUNITY PROGRAMMING INITIATIVES SUPPORT | $18,000 |
ALEX MANDARINO FOUNDATION PURPOSE: GENERAL SUPPORT | $5,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $16,711 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT, CAMP MIDICHA SUPPORT | $6,500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $13,579 |