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Nonprofiteer
← THE LEELANAU TOWNSHIP COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by THE LEELANAU TOWNSHIP COMMUNITY FOUNDATION INC.

Totals

Total revenue
$517,063
Total expenses
$447,901
Contributions and grants received
$212,258
Grants paid
$263,121
Program service revenue
$0
Investment income
$277,362
Other revenue
$27,443
Total assets, end of year
$6,686,189
Total liabilities, end of year
$58,817
Net assets or fund balances, end of year
$6,627,372
Program services expenses (Part IX)
$351,594
Management and general expenses
$68,536
Fundraising expenses
$27,771
Program service expenses (Part III)
$351,594

Program services were 78.5% 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

    $212,258

  • 1g · Noncash contributions included above

    $510

  • 3 · Investment income

    total $180,907 · excluded $180,907

  • 7a · Gross sales of assets other than inventory

    securities $602,866 · other assets $107,065

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

    securities $452,091 · other assets $161,385

  • 7c · Gain or loss

    securities $150,775 · other assets -$54,320

  • 7d · Net gain or loss

    total $96,455 · related or exempt $96,455

  • 11a · Other revenue: RENTAL INCOME

    total $18,955 · related or exempt $18,955

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $4,688 · related or exempt $4,688

  • 11c · Other revenue: GRANT CANCELLATION REV

    total $3,800 · related or exempt $3,800

  • 11e · Other revenue, total

    $27,443

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $218,096 · program services $218,096

  • 2 · Grants to domestic individuals

    total $45,025 · program services $45,025

  • 5 · Compensation of officers, directors and key employees

    total $37,179 · program services $14,872 · management and general $14,872 · fundraising $7,435

  • 7 · Other salaries and wages

    total $21,525 · program services $8,609 · management and general $8,610 · fundraising $4,306

  • 10 · Payroll taxes

    total $4,488 · program services $1,795 · management and general $1,795 · fundraising $898

  • 11f · Fees: investment management

    total $29,037 · program services $29,037

  • 12 · Advertising and promotion

    total $7,970 · program services $3,188 · management and general $3,188 · fundraising $1,594

  • 13 · Office expenses

    total $1,730 · program services $692 · management and general $692 · fundraising $346

  • 19 · Conferences, conventions and meetings

    total $1,027 · program services $883 · management and general $144

  • 22 · Depreciation, depletion and amortization

    total $20,939 · program services $10,742 · management and general $9,270 · fundraising $927

  • 23 · Insurance

    total $4,338 · management and general $4,338

  • 24a · Other expenses: PROFESSIONAL FEES

    total $12,860 · program services $0 · management and general $12,860 · fundraising $0

  • 24b · Other expenses: ANNUAL REPORT

    total $7,851 · program services $5,888 · management and general $0 · fundraising $1,963

  • 24c · Other expenses: CONTRACT SERVICES

    total $7,040 · program services $3,520 · management and general $3,520 · fundraising $0

  • 24d · Other expenses: ASSET DEVELOPMENT

    total $6,953 · program services $0 · management and general $0 · fundraising $6,953

  • 24e · All other expenses

    total $21,843 · program services $9,247 · management and general $9,247 · fundraising $3,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,882 · end of year $86,062

  • 2 · Savings and temporary cash investments

    beginning of year $57,203 · end of year $82,800

  • 3 · Pledges and grants receivable

    beginning of year $2,625 · end of year $0

  • 4 · Accounts receivable

    beginning of year $8,333 · end of year $7,112

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

    $898,492

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

    $82,577

  • 10c · Land, buildings and equipment, net

    beginning of year $804,804 · end of year $815,915

  • 11 · Investments: publicly traded securities

    beginning of year $6,467,207 · end of year $5,694,300

  • 18 · Grants payable

    beginning of year $20,000 · end of year $44,299

  • 25 · Other liabilities

    beginning of year $16,287 · end of year $14,518

  • 27 · Net assets without donor restrictions

    beginning of year $7,353,767 · end of year $6,627,372

Mission and programs · 2022

Mission

TO SUPPORT PUBLIC CHARITIES IN THE LEELANAU TOWNSHIP AREA AND AWARD EDUCATIONAL SCHOLARSHIPS.

Activities or mission (Part I)

TO SUPPORT PUBLIC CHARITIES IN THE LEELANAU TOWNSHIP AREA.

  • DURING THE YEAR THE FOUNDATION AWARDED 21 GRANTS TO 13 DIFFERENT ORGANIZATIONS. THE FOUNDATION ALSO AWARDED 25 COLLEGE SCHOLARSHIPS TO 17 INDIVIDUALS.

    Expenses $351,594 · Grants $263,121

As filed on the 2022 return.

Listed in Part VII

  • Kathy Garthe

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara McCann

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kristi Fischer

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ty Wessell

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Fredrick Budd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Armbruster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg McMorrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beatriz Moreno

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Foster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristi Hallett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beth Verhey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joan Moore

    EXECUTIVE DIRECTOR

    Total calculated
    $37,179
    From this org
    $37,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

  • NORTHPORT PUBLIC SCHOOL

    $90,804

    EDUCATIONAL

  • HOMESTRETCH NONPROFIT HOUSING CORPORATION

    $50,000

    VINEYARD VIEW HOUSING PROJECT

  • VILLAGE OF NORTHPORT

    $28,449

    FUTURE BY DESIGN GRANT FOR LEELANAU UNCAGED

  • NORTHPORT PERFORMING ARTS CENTER

    $13,819

    ANNUAL DISBURSEMENT FROM KOENIG PERFORMING ARTS FUND TO BENEFIT NPAC

  • LEELANAU ENERGY

    $10,000

    GERAL PURPOSE GRANT

  • FRIENDSHIP COMMUNITY CENTER

    $7,678

    GENERAL PURPOSE

  • POWER BOOK BAGS

    $7,225

    FUNDING FOR THE PURCHASE OF LITERACY MATERIALS AND SUPPLIES TO SUPPORT THE ORGANIZATION'S WORK WITH CHILDREN 0-18 IN LEELANAU TOWNSHIP.

  • LEELANAU CHRISTIAN NEIGHBORS

    $5,100

    FUNDING FOR FOOD PANTRY AND SAFETY EQUIPMENT

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2023
IRS schema version
2022v5.0
Source object
202312129349300706

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