Keweenaw Community Forest Company
- Assets
- $12.9m
- Revenue
- $332.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mohawk, MI
- Founding
- 02/2006
- Data as of
- 12/2021
- 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. 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 12/2021, Keweenaw Community Forest Company generated $332.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $251.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.4%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Donald G Kauppi Vice Preside | OfficerTrustee | 3.85 | $0 |
Gina M Nicholas President /s | OfficerTrustee | 28.85 | $0 |
James F Tercha Treasurer | OfficerTrustee | 3.08 | $0 |
Frank S Carlton Director | Trustee | 0.31 | $0 |
David Flaspohler Director | Trustee | 0.31 | $0 |
John Marta Director | Trustee | 0.31 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,122 |
| Noncash contributions included in lines 1a–1f | $51,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,356 |
| Total Program Service Revenue | $0 |
| Investment income | $34,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,200 |
| Grants and other assistance to domestic individuals. | $2,250 |
| 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 | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,975 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,229 |
| Travel | $800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,750 |
| All other expenses | $0 |
| Total functional expenses | $251,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,601 |
| 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 | $11,399,883 |
| Investments—publicly traded securities | $1,337,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,924,688 |
| Accounts payable and accrued expenses | $29,022 |
| 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 | $51,622 |
| Net assets without donor restrictions | $12,504,356 |
| Net assets with donor restrictions | $368,710 |
| 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 | $12,924,688 |
Grants Awarded
Over the last fiscal year, Keweenaw Community Forest Company has awarded $58,215 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUGHTON KEWEENAW CONSERVATION DIST PURPOSE: CHARITABLE MISSION | $38,215 |
KEWEENAW COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Keweenaw Community Forest Company has recieved totaling $80,312.
| Awarding Organization | Amount |
|---|---|
Steven C Leuthold Family Foundation Minneapolis, MN PURPOSE: OPERATIONS | $80,000 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $200 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Grand Traverse Regional Land Conservancy Traverse City, MI | $83,640,436 | $14,843,118 |
Leelanau Conservancy Leland, MI | $37,540,108 | $6,574,386 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Little Traverse Conservancy Inc Harbor Springs, MI | $131,058,036 | $9,637,882 |
Legacy Land Conservancy Ann Arbor, MI | $8,848,888 | $2,512,327 |
Green Umbrella Cincinnati, OH | $7,040,647 | $6,122,711 |
Southwest Michigan Land Conservancy Inc Galesburg, MI | $30,119,950 | $2,633,609 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
Acres Inc Huntertown, IN | $33,175,317 | $1,636,200 |
Door County Land Trust Inc Sturgeon Bay, WI | $36,318,691 | $4,027,675 |
Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |