Form 990 for tax year 2024

Filed by ALPENA COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue: $2,221,760
Total expenses: $1,563,073
Contributions and grants received: $1,037,944
Grants paid: $1,246,934
Program service revenue: $0
Investment income: $528,267
Other revenue: $655,549
Total assets, end of year: $11,979,614
Total liabilities, end of year: $12,667
Net assets or fund balances, end of year: $11,966,947
Program services expenses (Part IX): $1,293,021
Management and general expenses: $238,779
Fundraising expenses: $31,273
Program service expenses (Part III): $1,293,021

Program services were 82.7% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$11,675
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$1,026,269
1g · Noncash contributions included above

$57,544
3 · Investment income

total $424,974 · related or exempt $424,974 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $1,514,792 · other assets $0
7b · Less cost or other basis and sales expenses

securities $1,411,499
7c · Gain or loss

securities $103,293 · other assets $0
7d · Net gain or loss

total $103,293 · related or exempt $103,293 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$21,349
8a · Fundraising events: contributions included on line 1c

$11,675
8b · Fundraising events: direct expenses

$6,543
8c · Net income from fundraising events

total $14,806 · unrelated business $0 · excluded $14,806
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Market gain on securities

total $640,743 · related or exempt $640,743 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$640,743

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,246,934 · program services $1,246,934
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $15,679 · program services $0 · management and general $15,679 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $10,713 · program services $0 · management and general $10,713 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $86,065 · program services $0 · management and general $86,065 · fundraising $0
11g · Fees: other

total $8,578 · program services $0 · management and general $6,699 · fundraising $1,879
12 · Advertising and promotion

total $652 · program services $0 · management and general $40 · fundraising $612
13 · Office expenses

total $6,874 · program services $0 · management and general $2,569 · fundraising $4,305
14 · Information technology

total $6,277 · program services $0 · management and general $6,277 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $2,630 · program services $0 · management and general $2,064 · fundraising $566
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $3,160 · program services $0 · management and general $3,160 · fundraising $0
24a · Other expenses: Reimbursed Payroll

total $117,379 · program services $46,087 · management and general $47,816 · fundraising $23,476
24b · Other expenses: In-Kind

total $57,544 · program services $0 · management and general $57,544 · fundraising $0
24c · Other expenses: Sponsorships/Donations

total $400 · program services $0 · management and general $0 · fundraising $400
24d · Other expenses: Plaques/Engravings

total $130 · program services $0 · management and general $95 · fundraising $35
24e · All other expenses

total $58 · program services $0 · management and general $58 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $117,580 · end of year $129,265
3 · Pledges and grants receivable

beginning of year $131,642 · end of year $88,315
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,800 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $11,082,728 · end of year $11,762,034
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $6,805 · end of year $4,137
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $18,685 · end of year $8,530
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $2,779,459 · end of year $3,111,988
28 · Net assets with donor restrictions

beginning of year $8,528,801 · end of year $8,854,959

Mission and programs · 2024

Mission

The mission of Alpena Community College Foundation is to obtain financial support to enhance the ability of Alpena Community College to meet the lifelong education needs of the growing and changing communities it serves.

Alpena Community College Foundation provides support to Alpena Community College by providing financial support for programs and capital projects.

Expenses $982,460 · Grants $982,460
Alpena Community College Foundation provides financial support to students of Alpena Community College by awarding scholarships based on need and academic achievement.

Expenses $264,474 · Grants $264,474
Alpena Community College Foundation provides support to Alpena Community College and its students through various means. Three support personnel spend a portion of their time administering these programs.

Expenses $46,087 · Grants $46,087

As filed on the 2024 return.

Listed in Part VII

Donald MacMaster

Individual Trustee

Total calculated

$249,232

From this org

$0

From related orgs

$197,606

Other

$51,626

Hours/week

0.5 + 37.5 related

Schedule J breakdown matched by us

Base

$0 + $197,606 related

Bonus

$0

Other

$0

Deferred

$0 + $24,588 related

Nontaxable benefits

$0 + $27,038 related

Filer's total

$0 + $249,232 related
Lyn Kowalewsky

Treasurer

Total calculated

$142,365

From this org

$0

From related orgs

$102,858

Other

$39,507

Hours/week

7.5 + 30 related
Timothy Kuehnlein

Individual Trustee

Total calculated

$135,011

From this org

$0

From related orgs

$114,377

Other

$20,634

Hours/week

2 + 40 related
Mary Eagan

Executive Director

Total calculated

$86,372

From this org

$0

From related orgs

$66,174

Other

$20,198

Hours/week

18.75 + 18.75 related
Kerrie Kamyszek

Executive Assistant

Total calculated

$57,340

From this org

$0

From related orgs

$52,607

Other

$4,733

Hours/week

18.75 + 18.75 related
Penny Boldrey

Executive Director

Total calculated

$37,455

From this org

$0

From related orgs

$37,455

Other

$0

Hours/week

18.75 + 18.75 related
Susan Fitzpatrick

President

Total calculated

$0

Hours/week

3
August Matuzak

Vice President

Total calculated

$0

Hours/week

2
Christine Baumgardner

Individual Trustee

Total calculated

$0

Hours/week

0.5
James Boldrey

Individual Trustee

Total calculated

$0

Hours/week

0.5
Kenneth Dragiewicz

Individual Trustee

Total calculated

$0

Hours/week

0.5
Teresa Duncan

Individual Trustee

Total calculated

$0

Hours/week

0.5
Beach Hall

Individual Trustee

Total calculated

$0

Hours/week

0.5
Jaclynn Krawczak

Individual Trustee

Total calculated

$0

Hours/week

0.5
Susan LaMarre-LaCross

Individual Trustee

Total calculated

$0

Hours/week

0.5
Mary L Lappan

Individual Trustee

Total calculated

$0

Hours/week

0.5
Max Lindsay

Individual Trustee

Total calculated

$0

Hours/week

0.5
Ryan Suszek

Individual Trustee

Total calculated

$0

Hours/week

0.5
Ann Boyk

Individual Trustee

Total calculated

$0

Hours/week

0.5
TJ Hoes

Individual Trustee

Total calculated

$0

Hours/week

0.5
Erin Olsen

Individual Trustee

Total calculated

$0

Hours/week

0.5
Annie Schultz

Individual Trustee

Total calculated

$0

Hours/week

0.5

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 · Written employment contract
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

The filer's explanations (Part III)

Schedule J, Part I, Line 3: The president of Alpena Community College serves an an individual trustee on the Alpena Community College Foundation board. He is evaluated by the Alpena Community College Board of Trustees. An official employment contract is in place regarding his employment.

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

Alpena Community College

$1,093,091

Student, Program and Capital Support

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.

Alpena Community College

501(c)(3) · Educational Institution 2 year community college · MI

Provenance

Return type: form_990
Tax year: 2024
Filed: 7 May 2026
IRS schema version: 2024v5.0
Source object: 202601289349302290

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

The source document this was parsed from is served over the API, which is where bulk and document access live.