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Nonprofiteer
← MIDLAND AREA COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by MIDLAND AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$15,713,381
Total expenses
$12,605,675
Contributions and grants received
$9,445,596
Grants paid
$7,301,924
Program service revenue
$0
Investment income
$6,208,968
Other revenue
$58,817
Total assets, end of year
$138,820,946
Total liabilities, end of year
$5,450,636
Net assets or fund balances, end of year
$133,370,310
Program services expenses (Part IX)
$10,900,171
Management and general expenses
$1,301,756
Fundraising expenses
$403,748
Program service expenses (Part III)
$10,900,171

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SHARON MORTENSEN

    PRESIDENT/CE

    Total calculated
    $239,457
    From this org
    $210,282
    From related orgs
    $0
    Other
    $29,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,282
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,918
    Nontaxable benefits
    $10,257
    Filer's total
    $239,457

  • KYLE FAHRNER

    CFO

    Total calculated
    $147,164
    From this org
    $134,146
    From related orgs
    $0
    Other
    $13,018
    Hours/week
    40

  • WILLIAM GARCHOW

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ANN HOLMON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KATIE HORNING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALI HUNTOON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NOAH KENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JON LYNCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LOU MENCIA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • GRANT MURSCHEL

    PART-YEAR TR

    Total calculated
    $0
    Hours/week
    1

  • MWEMBA MWEMBA

    PART-YEAR TR

    Total calculated
    $0
    Hours/week
    1

  • DICK PETERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF PROVENZANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GERALDINE READO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN STEHOUWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH STEPHENS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MIKE WEIDEMAN

    TRUSTEE

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2025
IRS schema version
2024v5.0
Source object
202501199349301115

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

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