Whitecaps Community Foundation
- Assets
- $135.4k
- Revenue
- $197.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Comstock Park, MI
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-4129451
Organization Overview
Whitecaps Community Foundation is located in Comstock Park, MI. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitecaps 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 12/2022, Whitecaps Community Foundation generated $197.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $203.9k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PLANS TO ENGAGE IN A NUMBER OF CHARITABLE ACTIVITIES. ITS VARIOUS ACTIVITIES WILL INCLUDE TEACHING CHILDREN THE BASIC FUNDAMENTALS OF THE GAME OF BASEBALL, SPONSORSHIP OF A READING CLUB IN CONJUCTION WITH LOCAL ELEMENTARY SCHOOLS IN THE GREATER WEST MICHIGAN AREA AND MAKING GRANTS TO OTHER NONPROFIT, IRC SEC 501(C)(3) ORGANIZATIONS. THESE ACTIVITIES TEACH SPORTSMANSHIP AND THE POSITIVE VALUES OF RESPECT, RESPONSIBILITY, HONESTY AND CARING AND TO BOLSTER CHILDRENS READING ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE MANAGEMENT OF AN ANNUAL YOUTH BASEBALL CLINIC. THIS CLINIC, WHICH IS IN THE NATURE OF A TWO-DAY CAMP (DAY CAMP) WILL BE DESIGNED TO GIVE CHILDREN INSTRUCTION AND TRAINING IN THE BASIC FUNDAMENTALS OF THE GAME OF BASEBALL. THE PROGRAM ALSO TEACHES SPORTSMANSHIP AND THE POSITIVE VALUES OF RESPECT, RESPONSIBILITY HONESTY AND CARING. THIS CLINC WILL BE TAUGHT BY VOLUNTEER COACHES AND BASEBALL PLAYERS FROM THE WEST MICHIGAN WHITECAPS, A PROFESSIONAL BASEBALL TEAM THAT IS PART OF THE DETROIT TIGERS FEEDER PROGRAM. THE CLINIC WILL BE TARGETED AT CHILDREN AGES 8 THROUGH 12 WITH A CAPACITY OF APPROXIMATELY 60-80 CHILDREN.
SPONSORSHIP OF A READING CLUB IN CONJUCTION WITH LOCAL ELEMENTARY SCHOOLS IN THE GREATER WEST MICHIGAN AREA. THE PROGRAM ENCOURAGES CHILDREN TO READ A MINIMUM OF FIFTEEN MINUTES PER DAY DURING THE MONTH OF MARCH (READING MONTH). THE PROGRAM WILL BE RUN IN CONJUCTION WITH THE TEACHERS OF LOCAL ELEMENTARY SCHOOLS IN THE AREA. IN ADDITION, THE ORGANIZATION WILL PROVIDE BOOKMARKS AND OTHER RELATED MATERIALS TO ASSIST THE TEACHERS IN PROMOTING THIS READING PROGRAM.
MAKE GRANTS TO OTHER NONPROFIT, IRC 501(C)(3) ORGANIZATIONS. ONE OF THE PRIMARY RECIPIENTS OF THESE GRANTS IS EXPECTED TO BE THE YMCA INNER CITY YOUTH BASEBALL/SOFTBALL PROGRAM. TO SUPPORT THESE GRANTS, THE ORGANIZATION PLANS TO ORGANIZE AND SPONSOR AN ANNUAL BANGUET (AS A FUND RAISER), AND TO ALSO ORGANIZE AND MANAGE 50-50 RAFFLES AT VARIOUS WHITECAPS BALLGAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Chamberlin President/di | OfficerTrustee | 8 | $0 |
Dennis Baxter Treasurer | Officer | 4 | $0 |
Lewis Chamberlin Secretary | Officer | 4 | $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 | $136,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,532 |
| Total Program Service Revenue | $31,547 |
| Investment income | $470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,514 |
| Net Income from Gaming Activities | $12,934 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,795 |
| 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 | $29,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,550 |
| Advertising and promotion | $5,366 |
| Office expenses | $6,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,635 |
| Total functional expenses | $203,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,785 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,700 |
| 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 | $10,875 |
| 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 | $135,360 |
| Accounts payable and accrued expenses | $34,482 |
| Grants payable | $0 |
| Deferred revenue | $7,466 |
| 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 | $48,900 |
| Total liabilities | $90,848 |
| Net assets without donor restrictions | $44,512 |
| 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 | $135,360 |
Grants Awarded
Over the last fiscal year, Whitecaps Community Foundation has awarded $24,770 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT TIGERS FOUNDATION PURPOSE: BASEBALL PROGRAMS | $12,000 |
SCHOLASTIC INC | | | $12,770 |