Keweenaw Community Forest Company
- Assets
- $12.8m
- Revenue
- $384.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Mohawk, MI
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 56-2464078
Organization Overview
Keweenaw Community Forest Company is located in Mohawk, MI. The organization was established in 2006. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2023, Keweenaw Community Forest Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keweenaw Community Forest Company 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, Keweenaw Community Forest Company generated $384.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $206.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (31.2%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO MANAGE THE KEWEENAW PENINSULA AS A COMMUNITY FOREST, WHICH WOULD BE SUSTAINABLE ECOLOGICALLY, ESTHETICALLY, AND FINANCIALLY FOR RESEARCH, EDUCATION, HABITAT PRESERVATION, TIMBER, JOBS, AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF THE KEWEENAW PENINSULA AS A COMMUNITY FOREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina M Nicholas President /s | OfficerTrustee | 32.69 | $0 |
Donald G Kauppi Vice Preside | OfficerTrustee | 3.85 | $0 |
James F Tercha Treasurer | OfficerTrustee | 2.89 | $0 |
Gerry Anderson Treasurer | OfficerTrustee | 2.31 | $0 |
Guy Meadows Assistant Tr | OfficerTrustee | 0.46 | $0 |
David Flaspohler Director | Trustee | 0.46 | $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 | $365,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,051 |
| Total Program Service Revenue | $7,011 |
| Investment income | $32,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,971 |
| 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 | $18,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,914 |
| Advertising and promotion | $16,240 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25 |
| Travel | $1,616 |
| 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 | $7,884 |
| All other expenses | $272 |
| Total functional expenses | $206,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,380 |
| 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 | $11,258,205 |
| Investments—publicly traded securities | $1,428,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,774,939 |
| Accounts payable and accrued expenses | $4,792 |
| 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 | $22,600 |
| Total liabilities | $27,392 |
| Net assets without donor restrictions | $12,358,505 |
| Net assets with donor restrictions | $389,042 |
| 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 | $12,774,939 |
Grants Awarded
Over the last fiscal year, Keweenaw Community Forest Company has awarded $256,828 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KEWEENAW COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $110,000 |
KEWEENAW COUNTY PURPOSE: CHARITABLE MISSION | $5,150 |
HOUGHTON KEWEENAW CONSERVATION DIST PURPOSE: CHARITABLE MISSION | $141,678 |