Vibrant Kalamazoo
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 45-3232686
Organization Overview
Vibrant Kalamazoo is located in Kalamazoo, MI. The organization was established in 2013. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vibrant Kalamazoo 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 12/2021, Vibrant Kalamazoo generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $342.5k during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ESTABLISHED TO SUPPORT THE KALAMAZOO COUNTY LAND BANK TO CREATE VIBRANT COMMUNITIES THROUGH THE ELIMINATION OF BLIGHTED PROPERTIES, CREATION OF AFFORDABLE HOUSING OPPORTUNITIES AND STABILIZATION OF PROPERTY VALUES IN KALAMAZOO COUNTY. THE ORGANIZATION RAISES FUNDS, SPONSORS EVENTS, AND PROVIDES TECHNICAL ASSISTANCE TO OTHER ACTIVITY SPONSORS AND ORGANIZERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT KALAMAZOO COUNTY LAND BANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Crump Vice Chair,t | OfficerTrustee | 1 | $0 |
Paul Valentin Secretary | OfficerTrustee | 1 | $0 |
Sid Ellis Director | Officer | 20 | $0 |
Juliet Altman Member | Trustee | 1 | $0 |
Kelly Clarke Ex Officio | Trustee | 1 | $0 |
Adrian Vazquez Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,344,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,359,127 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,359,127 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $85 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $753 |
| All other expenses | $0 |
| Total functional expenses | $342,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,319,178 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $382 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,319,560 |
| Accounts payable and accrued expenses | $231,256 |
| 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 | $0 |
| Total liabilities | $231,256 |
| Net assets without donor restrictions | $1,088,304 |
| 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 | $1,319,560 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vibrant Kalamazoo has recieved totaling $246,667.
| Awarding Organization | Amount |
|---|---|
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: EASTSIDE SQUARE: EAST MAIN COMMERCIAL CORRIDOR (1600 BLOCK) REDEVELOPMENT | $166,667 |
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: RELIGIOUS RELATED/SPIRITUAL DEVELOPMENT | $40,000 |
Tyler-Little Family Foundation Kalamazoo, MI PURPOSE: KALAMAZOO COUNTY LANDBANK PROJECT | $25,000 |
Jim Gilmore Jr Foundation Kalamazoo, MI PURPOSE: EASTSIDE SQUARE PROJECT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
The Jewish Vocational Service Foundation Inc Cincinnati, OH | $10,732,205 | $3,438,793 |
Ec Edwards Trust Fbo Leipsic Methodist 20 102110469460 Brooklyn, OH | $5,821,661 | $643,396 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |
John H Williams Uia Fbo Churches Grand Rapids, MI | $0 | $223,371 |
C H Red Inc West Lafayette, IN | $1,041,837 | $1,572,644 |