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Nonprofiteer
← PENNIES FROM HEAVEN FOUNDATION

Form 990 for tax year 2024

Filed by PENNIES FROM HEAVEN FOUNDATION.

Totals

Total revenue
$690,877
Total expenses
$1,020,077
Contributions and grants received
$3,828
Grants paid
$745,652
Program service revenue
$0
Investment income
$553,866
Other revenue
$133,183
Total assets, end of year
$22,162,065
Total liabilities, end of year
$5,366
Net assets or fund balances, end of year
$22,156,699
Program services expenses (Part IX)
$949,278
Management and general expenses
$70,799
Fundraising expenses
$0
Program service expenses (Part III)
$949,278

Program services were 93.1% 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

    $3,828

  • 3 · Investment income

    total $376,524 · excluded $376,524

  • 6a · Gross rents

    real property $221,989

  • 6b · Less rental expenses

    real property $93,463

  • 6c · Rental income or loss

    real property $128,526

  • 6d · Net rental income or loss

    total $128,526 · related or exempt $128,526

  • 7a · Gross sales of assets other than inventory

    securities $502,062

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

    securities $324,720

  • 7c · Gain or loss

    securities $177,342

  • 7d · Net gain or loss

    total $177,342 · excluded $177,342

  • 11a · Other revenue: OTHER

    total $4,657 · related or exempt $4,657

  • 11e · Other revenue, total

    $4,657

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $745,652 · program services $745,652

  • 5 · Compensation of officers, directors and key employees

    total $80,541 · program services $64,433 · management and general $16,108

  • 8 · Pension plan contributions

    total $3,000 · program services $2,400 · management and general $600

  • 9 · Other employee benefits

    total $14,002 · program services $11,202 · management and general $2,800

  • 10 · Payroll taxes

    total $5,440 · program services $4,352 · management and general $1,088

  • 11g · Fees: other

    total $50,203 · management and general $50,203

  • 12 · Advertising and promotion

    total $42 · program services $42

  • 22 · Depreciation, depletion and amortization

    total $46,036 · program services $46,036

  • 24a · Other expenses: PROGRAM EXPENSE

    total $75,151 · program services $75,151

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $10 · program services $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,732 · end of year $302,912

  • 7 · Other notes and loans receivable

    beginning of year $2,353,876 · end of year $2,344,961

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

    $5,717,960

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

    $1,286,524

  • 10c · Land, buildings and equipment, net

    beginning of year $4,570,935 · end of year $4,431,436

  • 11 · Investments: publicly traded securities

    beginning of year $13,544,234 · end of year $14,373,879

  • 12 · Investments: other securities

    beginning of year $715,474 · end of year $708,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,382 · end of year $5,366

  • 27 · Net assets without donor restrictions

    beginning of year $21,459,869 · end of year $22,156,699

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY COMMITTED TO FURTHERING THE PHILANTROPIC ACTIVITIES OF THAT ORGANIZATION

  • THE ORGANIZATION WAS FORMED IN 2012 AS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY COMMITTED TO FURTHERING THE PHILANTROPIC ACTIVITIES OF THAT ORGANIZATION.

    Expenses $949,278 · Grants $745,652

As filed on the 2024 return.

Listed in Part VII

  • JOHN WILSON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ANITA WILSON

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • HEIDI SYSTEMA

    SECRETARY/TREASURER

    Total calculated
    $127,485
    From this org
    $0
    From related orgs
    $99,554
    Other
    $27,931
    Hours/week
    1 + 40 related

  • BOB CHAPLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SUE HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY MACLEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONICA JEWELL

    EXECUTIVE DIRECTOR

    Total calculated
    $82,976
    From this org
    $0
    From related orgs
    $71,113
    Other
    $11,863
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
22 July 2025
IRS schema version
2024v5.2
Source object
202512239349302261

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

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