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← LAPEER COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by LAPEER COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$4,172,731
Total expenses
$1,126,203
Contributions and grants received
$3,480,599
Grants paid
$586,809
Program service revenue
$0
Investment income
$434,239
Other revenue
$257,893
Total assets, end of year
$17,191,136
Total liabilities, end of year
$1,540,958
Net assets or fund balances, end of year
$15,650,178
Program services expenses (Part IX)
$586,809
Management and general expenses
$539,394
Fundraising expenses
$0
Program service expenses (Part III)
$586,809

Program services were 52.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,480,599

  • 3 · Investment income

    total $346,263 · excluded $346,263

  • 7a · Gross sales of assets other than inventory

    securities $2,264,002

  • 7b · Less cost or other basis and sales expenses

    securities $2,176,026

  • 7c · Gain or loss

    securities $87,976

  • 7d · Net gain or loss

    total $87,976 · related or exempt $87,976

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $223,555 · related or exempt $223,555

  • 11b · Other revenue: RETURN OF PY UNUSED GRANTS

    total $34,385 · related or exempt $34,385

  • 11c · Other revenue: CASH SURRENDR VALUE LIFE INS

    total -$47 · related or exempt -$47

  • 11e · Other revenue, total

    $257,893

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $419,011 · program services $419,011

  • 2 · Grants to domestic individuals

    total $167,798 · program services $167,798

  • 5 · Compensation of officers, directors and key employees

    total $85,000 · management and general $85,000

  • 7 · Other salaries and wages

    total $63,185 · management and general $63,185

  • 8 · Pension plan contributions

    total $4,343 · management and general $4,343

  • 10 · Payroll taxes

    total $11,429 · management and general $11,429

  • 11c · Fees: accounting

    total $31,375 · management and general $31,375

  • 12 · Advertising and promotion

    total $10,267 · management and general $10,267

  • 13 · Office expenses

    total $9,041 · management and general $9,041

  • 14 · Information technology

    total $19,191 · management and general $19,191

  • 16 · Occupancy

    total $11,324 · management and general $11,324

  • 19 · Conferences, conventions and meetings

    total $5,828 · management and general $5,828

  • 22 · Depreciation, depletion and amortization

    total $3,695 · management and general $3,695

  • 23 · Insurance

    total $1,825 · management and general $1,825

  • 24a · Other expenses: LCCF ADMIN FEES

    total $202,142 · management and general $202,142

  • 24b · Other expenses: INVESTMENT CONSULTING FEE

    total $37,157 · management and general $37,157

  • 24c · Other expenses: SPECIAL EVENTS

    total $25,691 · management and general $25,691

  • 24d · Other expenses: DUES

    total $6,020 · management and general $6,020

  • 24e · All other expenses

    total $11,881 · management and general $11,881

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,373 · end of year $553,882

  • 2 · Savings and temporary cash investments

    beginning of year $1,178,550 · end of year $2,105,621

  • 10a · Land, buildings and equipment: cost or other basis

    $32,147

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,733

  • 10c · Land, buildings and equipment, net

    beginning of year $6,109 · end of year $2,414

  • 11 · Investments: publicly traded securities

    beginning of year $11,221,710 · end of year $14,479,224

  • 15 · Other assets

    beginning of year $42,060 · end of year $49,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,696 · end of year $178

  • 18 · Grants payable

    beginning of year $29,586 · end of year $54,000

  • 25 · Other liabilities

    beginning of year $1,284,430 · end of year $1,486,780

  • 27 · Net assets without donor restrictions

    beginning of year $11,436,819 · end of year $15,461,141

  • 28 · Net assets with donor restrictions

    beginning of year $129,271 · end of year $189,037

Mission and programs · 2023

Mission

TO PROVIDE GRANTS TO INDIVIDUALS AND ORGANIZATIONS OF LAPEER COUNTY FOR THE PURPOSE OF ENHANCING THE QUALITY OF LIFE

  • PROVIDING COLLEGE SCHOLARHIPS TO STUDENTS OF VARIOUS HIGH SCHOOLS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURSUE HIGHER EDUCATION GOALS AND TO ENHANCE THE QUALITY OF LIFE.

    Expenses $167,798 · Grants $167,798

  • PROVIDING GRANTS TO VARIOUS ORGANIZATIONS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURCHASE SPECIAL EQUIPMENT TO IMPROVE SERVICES, PROVIDE EDUCATIONAL SEMINARS, OR PROMOTE COMMUNITY-ORIENTED SERVICES WHICH ENHANCE THE QUALITY OF LIFE IN LAPEER COUNTY.

    Expenses $419,011 · Grants $419,011

As filed on the 2023 return.

Listed in Part VII

  • Nancy Boxey

    EXEC DIR

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Cassabon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Fleming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Gildner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Hodges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott McKenna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Morey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Riehl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dana Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Zott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Burke

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • William Gibbons CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Emily Caswell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Molly Muir

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202413189349301041

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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