Form 990 for tax year 2023
Filed by KEWEENAW COMMUNITY FOREST COMPANY.
Totals
- Total revenue
- $384,775
- Total expenses
- $206,745
- Contributions and grants received
- $365,051
- Grants paid
- $10,971
- Program service revenue
- $7,011
- Investment income
- $10,865
- Other revenue
- $1,848
- Total assets, end of year
- $12,774,939
- Total liabilities, end of year
- $27,392
- Net assets or fund balances, end of year
- $12,747,547
- Program services expenses (Part IX)
- $175,003
- Management and general expenses
- $31,742
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $175,003
Program services were 84.6% 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
$365,051
-
2a · Program service revenue: LAND MANAGEMENT FEES
total $7,011 · related or exempt $7,011
-
3 · Investment income
total $32,875 · excluded $32,875
-
7a · Gross sales of assets other than inventory
securities $600,086 · other assets $646
-
7b · Less cost or other basis and sales expenses
securities $622,742
-
7c · Gain or loss
securities -$22,656 · other assets $646
-
7d · Net gain or loss
total -$22,010 · related or exempt -$136,868 · excluded $114,858
-
11a · Other revenue: LEASED LAND REVENUE
total $1,000 · related or exempt $1,000
-
11b · Other revenue: MECHANDISE SALES
total $848 · related or exempt $848
-
11e · Other revenue, total
$1,848
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,971 · program services $10,971
-
7 · Other salaries and wages
total $18,429 · program services $18,429
-
10 · Payroll taxes
total $1,835 · program services $1,835
-
11c · Fees: accounting
total $5,705 · management and general $5,705
-
11g · Fees: other
total $38,914 · program services $38,914
-
12 · Advertising and promotion
total $16,240 · management and general $16,240
-
16 · Occupancy
total $25 · management and general $25
-
17 · Travel
total $1,616 · management and general $1,616
-
23 · Insurance
total $7,884 · management and general $7,884
-
24a · Other expenses: PROPERTY TAXES
total $96,212 · program services $96,212
-
24b · Other expenses: SUPPLIES
total $7,497 · program services $7,497
-
24c · Other expenses: DUES AND FEES
total $686 · program services $686
-
24d · Other expenses: POSTAGE
total $459 · program services $459
-
24e · All other expenses
total $272 · management and general $272
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $177,390 · end of year $84,393
-
4 · Accounts receivable
end of year $3,380
-
10a · Land, buildings and equipment: cost or other basis
$11,258,205
-
10c · Land, buildings and equipment, net
beginning of year $11,258,205 · end of year $11,258,205
-
11 · Investments: publicly traded securities
beginning of year $1,195,191 · end of year $1,428,961
-
17 · Accounts payable and accrued expenses
beginning of year $29,706 · end of year $4,792
-
25 · Other liabilities
beginning of year $22,600 · end of year $22,600
-
27 · Net assets without donor restrictions
beginning of year $12,326,965 · end of year $12,358,505
-
28 · Net assets with donor restrictions
beginning of year $251,515 · end of year $389,042
Mission and programs · 2023
Mission
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.
-
MANAGEMENT OF THE KEWEENAW PENINSULA AS A COMMUNITY FOREST.
Expenses $175,003 · Grants $10,971 · Revenue $7,011
As filed on the 2023 return.
Listed in Part VII
-
GINA M NICHOLAS
PRESIDENT /S
- Total calculated
- $0
- Hours/week
- 32.69
-
DONALD G KAUPPI
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 3.85
-
JAMES F TERCHA
TREASURER
- Total calculated
- $0
- Hours/week
- 2.89
-
GERRY ANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2.31
-
GUY MEADOWS
ASSISTANT TR
- Total calculated
- $0
- Hours/week
- 0.46
-
DAVID FLASPOHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.46
-
JOHN MARTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.46
-
GLENN MROZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.46
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442269349300414
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