Community Foundation For Oceana County
- Assets
- $18.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Pentwater, MI
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-1970895
Organization Overview
Community Foundation For Oceana County is located in Pentwater, MI. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Foundation For Oceana County employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Oceana County 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, Community Foundation For Oceana County generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Foundation For Oceana County has awarded 71 individual grants totaling $3,123,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF THE PEOPLE OF OCEANA COUNTY AND TO CONNECT RESOURCES WITH NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE OUR COMMUNITIES THROUGH THE ISSUANCE OF GRANTS AND SCHOLARSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Wagner Chair | OfficerTrustee | 5 | $0 |
Joe Klimovitz Vice Chair | OfficerTrustee | 5 | $0 |
Frank Arvai Treasurer | OfficerTrustee | 5 | $0 |
Eva Berumen-Reyna Member | Trustee | 2 | $0 |
Kristen Callen Member | Trustee | 2 | $0 |
Kellie Fox Member | Trustee | 2 | $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 | $2,574,715 |
| Noncash contributions included in lines 1a–1f | $126,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,574,715 |
| Total Program Service Revenue | $0 |
| Investment income | $472,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,139,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,217,504 |
| Grants and other assistance to domestic individuals. | $244,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,925 |
| Compensation of current officers, directors, key employees. | $17,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,477 |
| Payroll taxes | $11,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,287 |
| Fees for services: Other | $48,133 |
| Advertising and promotion | $16,391 |
| Office expenses | $22,175 |
| Information technology | $2,599 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $4,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,923 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,804 |
| Insurance | $3,984 |
| All other expenses | $0 |
| Total functional expenses | $2,834,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,458 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,342 |
| Investments—publicly traded securities | $17,672,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,794,594 |
| Accounts payable and accrued expenses | $9,733 |
| 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 | $559,625 |
| Total liabilities | $569,358 |
| Net assets without donor restrictions | $18,225,236 |
| 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 | $18,794,594 |
Grants Awarded
Over the last fiscal year, Community Foundation For Oceana County has awarded $2,017,864 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
THE LADDER COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $62,200 |
OCEANA COUNTY HISTORICAL AND GENEALOGICAL SOCIETY PURPOSE: GENERAL SUPPORT | $59,459 |
OCEANA CONSERVATION DISTRICT PURPOSE: VARIOUS CONSERVATION & EDUCATION PROGRAMS | $16,639 |
TRINITY HEALTH OFFICE OF PHILANTHROPY MUSKEGON & THE LAKESHORE PURPOSE: VARIOUS EQUIPMENT TRINITY HEALTH SHELBY HOSPITAL | $20,814 |
CRYSTAL VALLEY CARE FUND PURPOSE: GENERAL SUPPORT | $15,529 |
OCEANA COUNTY MEDICAL CARE FACILITY PURPOSE: VARIOUS MEDICAL EQUIPMENT | $14,550 |