Advancing Macomb Foundation Inc
- Assets
- $189.8k
- Revenue
- $208.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Mount Clemens, MI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-2344176
Organization Overview
Advancing Macomb Foundation Inc is located in Mount Clemens, MI. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Advancing Macomb Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advancing Macomb 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 12/2022, Advancing Macomb Foundation Inc generated $208.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $403.2k during the year ending 12/2022. 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
TO STRENGTHEN MACOMB COUNTY BY CONNECTING COMMUNITY CHALLENGES WITH HIGH IMPACT SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING MACOMB FOCUSED ON EMPOWERING COMMUNITY GROUPS IN MOUNT CLEMENS, OUR COUNTY SEAT, TO FIND INNOVATIVE SOLUTIONS TO CHANGE THE NARRATIVE OF THE CITY AND IMPROVE QUALITY OF LIFE. THE CHALLENGES BROUGHT ON BY COVID-19 ALSO AMPLIFIED THE NEED FOR SUPPORT FOR THE NONPROFIT SECTOR AND THE RAPID DEPLOYMENT OF RESOURCES THROUGHOUT THE COUNTY.
ADVANCING MACOMB RECOGNIZES THE CRITICAL ROLE NONPROFIT ORGANIZATIONS PLAY IN SOLVING COMMUNITY CHALLENGES AND IMPROVING QUALITY OF LIFE IN OUR COUNTY AND REGION. AS A RESULT, WE ARE FOCUSING ON FACILITATING COLLABORATION AND BUILDING CAPACITY IN OUR NONPROFIT SECTOR. IN MARCH, WE BEGAN THE MACOMB NONPROFIT VIRTUAL ROUNDTABLE TO GIVE NONPROFITS A PLATFORM TO COLLABORATE AND LEARN TOGETHER.
WE SUPPORTED OR LED FUNDRAISING EFFORTS FOR PROJECTS RELATED TO RECREATION, AFTERSCHOOL PROGRAMMING AND PLACEMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Wood Director | Trustee | 1 | $0 |
Max Schuster Director | Trustee | 1 | $0 |
Jon O'hara Director | Trustee | 1 | $0 |
John Mcgrath Director | Trustee | 1 | $0 |
Megan Mccandish Director | Trustee | 1 | $0 |
Jodi Switalski Director | Trustee | 1 | $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 | $203,463 |
| Noncash contributions included in lines 1a–1f | $8,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,463 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,823 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,307 |
| 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. | $83,000 |
| Compensation of current officers, directors, key employees. | $8,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,494 |
| Fees for services: Accounting | $10,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,785 |
| Office expenses | $573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,377 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,541 |
| All other expenses | $354 |
| Total functional expenses | $403,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,261 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,491 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,752 |
| Accounts payable and accrued expenses | $42,273 |
| 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 | $42,273 |
| Net assets without donor restrictions | $87,479 |
| Net assets with donor restrictions | $60,000 |
| 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 | $189,752 |