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Nonprofiteer
← COPPER SHORES COMMUNITY HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by COPPER SHORES COMMUNITY HEALTH FOUNDATION.

Totals

Total revenue
$6,015,223
Total expenses
$4,081,692
Contributions and grants received
$2,373,869
Grants paid
$2,590,310
Program service revenue
$36,032
Investment income
$3,589,638
Other revenue
$15,684
Total assets, end of year
$73,990,365
Total liabilities, end of year
$1,235,092
Net assets or fund balances, end of year
$72,755,273
Program services expenses (Part IX)
$3,134,861
Management and general expenses
$946,831
Fundraising expenses
$0
Program service expenses (Part III)
$3,134,861

Program services were 76.8% 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.

  • 1e · Government grants (contributions)

    $103,057

  • 1f · All other contributions, gifts and grants

    $2,270,812

  • 1g · Noncash contributions included above

    $30,840

  • 2a · Program service revenue: PROGRAM REVENUE

    total $36,032 · related or exempt $36,032

  • 3 · Investment income

    total $1,410,089 · excluded $1,410,089

  • 7a · Gross sales of assets other than inventory

    securities $3,751,178 · other assets $1,165,063

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

    securities $2,734,121 · other assets $2,571

  • 7c · Gain or loss

    securities $1,017,057 · other assets $1,162,492

  • 7d · Net gain or loss

    total $2,179,549 · related or exempt $2,179,549

  • 11a · Other revenue: GRANTS RETURNED

    total $12,500 · related or exempt $12,500

  • 11b · Other revenue: OTHER INCOME

    total $3,184 · related or exempt $3,184

  • 11e · Other revenue, total

    $15,684

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,334,820 · program services $2,334,820

  • 2 · Grants to domestic individuals

    total $255,490 · program services $255,490

  • 5 · Compensation of officers, directors and key employees

    total $147,537 · management and general $147,537

  • 7 · Other salaries and wages

    total $533,984 · program services $230,811 · management and general $303,173

  • 8 · Pension plan contributions

    total $53,406 · program services $23,472 · management and general $29,934

  • 9 · Other employee benefits

    total $250,373 · program services $164,507 · management and general $85,866

  • 10 · Payroll taxes

    total $58,760 · program services $21,612 · management and general $37,148

  • 11b · Fees: legal

    total $43,530 · management and general $43,530

  • 11c · Fees: accounting

    total $37,929 · program services $267 · management and general $37,662

  • 11f · Fees: investment management

    total $30,000 · management and general $30,000

  • 11g · Fees: other

    total $1,220 · management and general $1,220

  • 12 · Advertising and promotion

    total $63,479 · program services $2,813 · management and general $60,666

  • 13 · Office expenses

    total $36,930 · program services $14,803 · management and general $22,127

  • 14 · Information technology

    total $18,379 · program services $634 · management and general $17,745

  • 16 · Occupancy

    total $52,807 · program services $9,998 · management and general $42,809

  • 17 · Travel

    total $14,496 · program services $1,789 · management and general $12,707

  • 19 · Conferences, conventions and meetings

    total $13,957 · program services $251 · management and general $13,706

  • 22 · Depreciation, depletion and amortization

    total $8,872 · program services $1,570 · management and general $7,302

  • 23 · Insurance

    total $14,778 · management and general $14,778

  • 24a · Other expenses: FOOD

    total $48,660 · program services $48,660

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,862 · program services $142 · management and general $18,720

  • 24c · Other expenses: SUPPLIES AND SMALL EQUIPM

    total $13,046 · program services $13,046

  • 24d · Other expenses: EVENT COORDINATION

    total $9,319 · management and general $9,319

  • 24e · All other expenses

    total $21,058 · program services $10,176 · management and general $10,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,570 · end of year $894,308

  • 2 · Savings and temporary cash investments

    beginning of year $10,253 · end of year $10,264

  • 4 · Accounts receivable

    beginning of year $207,000 · end of year $137,772

  • 7 · Other notes and loans receivable

    end of year $1,357,234

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,646 · end of year $24,207

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

    $163,294

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

    $54,238

  • 10c · Land, buildings and equipment, net

    beginning of year $55,181 · end of year $109,056

  • 11 · Investments: publicly traded securities

    beginning of year $76,797,460 · end of year $63,335,863

  • 15 · Other assets

    beginning of year $8,004,557 · end of year $8,121,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,175 · end of year $91,531

  • 18 · Grants payable

    beginning of year $80,968 · end of year $973,927

  • 25 · Other liabilities

    end of year $169,634

  • 27 · Net assets without donor restrictions

    beginning of year $85,112,804 · end of year $72,510,563

  • 28 · Net assets with donor restrictions

    beginning of year $354,720 · end of year $244,710

Mission and programs · 2022

Mission

TO SUPPORT THE CHARITABLE HEALTH NEEDS OF THE COMMUNITY THROUGH ENHANCED PHILANTHROPY AND COMMUNITY COLLABORATION

  • ACCESS TO CARE- GRANTS TO ORGANIZATIONS AND INDIVIDUALS TO MEET THE FINANCIALS RESOURCES NEEDED TO DEVELOP NEW AND/OR EXPANDED HEALTH SERVICES WITH MEET A COMMUNITY'S NEEDS, AS WELL AS PROVIDING GAS CARDS TO INDIVIDUALS TO BE USED FOR MEDICAL TRAVEL. GIVING TUESDAY-CAMPAIGN AIMED INVOLVING THE LOCAL COMMUNITY TO JOIN IN ON THE GLOBAL GENEROSITY MOVEMENT WHICH CREATES A DAY THAT ENCOURAGES PEOPLE TO DONATE TO A LIST OF QUALIFIED NON-PROFIT CHARITIES. THE FOUNDATION MATCHES THE COMMUNITY DONATIONS UP TO A SPECIFIED DOLLAR AMOUNT EACH YEAR. THE FOUNDATION HAS AIDED IN MORE THAN 2.7 MILLION DOLLARS IN DONATIONS TO NON-PROFIT ORGANIZATIONS IN BARAGA, HOUGHTON, KEWEENAW AND ONTONAGON COUNTIES.

    Expenses $1,353,304 · Grants $1,344,627

  • FOOD STABILITY THE FOUNDATION HAS RESEARCHED THE WAYS IN WHICH FOOD INSECURITIES AND NUTRITION AFFECT AN INDIVIDUAL'S OVERALL HEALTH. IN AN EFFORT TO REDUCE THE NEGATIVE EFFECTS OF FOOD INSECURITIES, HUNGER, AND POOR NUTRITION, THE FOUNDATION HAS BEGUN IDENTIFYING FUNDING STRATEGIES TO ADDRESS THE COMMUNITY'S AWARENESS TO FOOD AND THE CRITICAL IMPACT IT HAS ON INDIVIDUAL AND POPULATION HEALTH. THE FOUNDATION'S GRANTING AND HANDS-ON WORK WITHIN THE COMMUNITY IS INTENDED TO CURB THE HEALTH RISKS ASSOCIATED WITH FOOD INSECURITY AND NUTRITIONAL INSTABILITY. ON 10/1/22 THE FOUNDATION'S WHOLLY OWNED SUBSIDIARY COPPER COUNTRY SENIOR MEALS MERGED WITH AND INTO THE FOUNDATION. ACTIVITY FROM COPPER COUNTRY SENIOR MEALS PROGRAM AFTER 9/30/22 IS INCLUDED WITHIN THE FOOD STABILITY PROGRAM, AND INCLUDES PROVIDING NUTRITIOUS MEALS TO SENIOR CITIZENS IN THEIR HOMES OR AT CONGREGATE SITES AS WELL AS PROVIDING MEALS TO THE LOCAL HEAD START PROGRAM.

    Expenses $900,438 · Grants $369,288 · Revenue $36,032

  • SAFE & HEALTHFUL COMMUNITIES SAFE COMMUNITIES & RECREATION ARE AN IMPORTANT FACET OF A HEALTHY COMMUNITY. ACCESS TO RESOURCES THROUGH THE BUILT ENVIRONMENT AND RECREATIONAL ASSETS PROVIDE AND CONTRIBUTE TO AN INDIVIDUALS' CHOICE TO LIVE A HEALTHIER LIFESTYLE. IN ADDITION, SUPPORT OF RECREATION FOCUSED ON COMMUNITY GROUPS, LOCAL EMERGENCY SERVICES, AND LAW ENFORCEMENT EFFORTS, ALONG WITH SUPPORT FOR MOBILIZATION RECREATION PLANNING THROUGH THE MANY MUNICIPAL PARTNERS IN THE REGION ALL CONTRIBUTE TO MAKING A HEALTHIER, SAFER, AND MORE VIBRANT COMMUNITY.

    Expenses $386,519 · Grants $386,504

  • HEALTHY INDIVIDUALS PROVIDES GRANTS, INCLUDING SUBSTANCE USE DISORDER, SPECIFICALLY ADDERSSING THE NEEDS OF OUR POPULATION. -EARLY INTERVENTION AND PREVENTION PROGRAMS INCLUDING SUBSTANCE USE DISORDER. -EMERGENCY AND MOBILE CRISIS RESPONSE. -MENTAL AND BEHAVORIAL HEALTH SERVICE ACCESS, COORDINATION, AND NAVIGATION. -SUICIDE PREVENTION AND AWARENESS. -YOUTH LEADERSHIP AND RESILIENCY DEVELOPMENT. -PARENT EDUCATION AND ENGAGEMENT. -ADDICTION SERVICES. -PROGRAMMING ADDRESSING OTHER FORMS OF MENTAL ILLNESS, STRESS REDUCTION, ANDZIETY, AND DEPRESSION THAT MAY INCLUDE PHYSICAL AND MINDFULNESS ACTIVITIES. ACCESS TO EDUCATION EDUCATION IS AN IMPORTANT COMPONENT TO A HEALTHIER COMMUNITY. HEALTH RISK STUDIES HAVE SHOWN POPULATIONS AND INDIVIDUALS WITH HIGHER LEVELS OF EDUCATION COMPLETION GENERALLY HAVE NOTICEABLY REDUCED HEALTH RISK FACTORS. IN ADDITION, ACCESS TO EDUCATIONAL TRAINING AND THE RETENTION OF THOSE STUDENTS WITHIN THE LOCAL COMMUNITY CONTRIBUTE TO A MORE VIBRANT AND PROSPEROUS ECONOMY, FURTHER REDUCING HEALTH RISK FACTORS THAT ARE MORE COMMONLY ASSOCIATED AND PRONOUNCED WITH LOWER INCOME EARNING HOUSEHOLDS. IN ADDITION TO ACCESS TO EDUCATION, MEDICAL INNOVATION AND RESEARCH IS A CRITICALLY IMPORTANT ASPECT OF THE FOUNDATION'S INVESTMENT IN THE LOCAL COMMUNITY. THROUGH PARTNERSHIP WITH EDUCATIONAL INSTITUTIONS, THE FOUNDATION IS ABLE TO SUPPORT RESEARCH AND OTHER ACADEMIC OFFERINGS THAT WILL HELP INFORM, ADDRESS, OR BE APPLIED TO HEALTH RISK FACTORS WITHIN THE LOCAL COMMUNITIES. INCOME STABILITY POVERTY INTERSECTS NEARLY ALL OTHER AREAS OF SOCIAL DETERMINANTS OF HEALTH AND THE HEALTH RISK FACTORS ASSOCIATED WITH THEM. THE FOUNDATION HAS UNDERTAKEN THE STEPS NECESSARY TO LAUNCH A FORMAL POVERTY LITERACY AND MITIGATION PROGRAM THAT INCLUDES COMMUNITY ENGAGEMENT, ECONOMIC DEVELOPMENT, FINANCIAL EDUCATION AND LITERACY TRAINING, AND OTHER STEPS TO BUILD COMMMUNITY PARTNERSHIPS IN ADDRESSING POVERTY AND THE INHERENT AFFECTS.

    Expenses $494,600 · Grants $489,891

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Store

    EXECUTIVE DI

    Total calculated
    $182,928
    From this org
    $147,364
    From related orgs
    $0
    Other
    $35,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,164
    Bonus
    $4,000
    Other
    $200
    Deferred
    $13,317
    Nontaxable benefits
    $22,247
    Filer's total
    $182,928
  • Bernadette Yeoman-Ouellette

    CHAIR

    Total calculated
    $0
    Hours/week
    2.3
  • Brent Peterson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Bruce Rukkila

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Ann Clancy-Klemme

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.3
  • Michele Blau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4
  • Guy St Germain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7
  • James Bobula

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6
  • Jamey Markham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Ollila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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 · 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

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.

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349307874

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

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