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Nonprofiteer
← KALAMAZOO COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by KALAMAZOO COMMUNITY FOUNDATION.

Totals

Total revenue
$40,712,525
Total expenses
$32,393,557
Contributions and grants received
$19,183,204
Grants paid
$24,885,332
Program service revenue
$0
Investment income
$21,526,282
Other revenue
$3,039
Total assets, end of year
$639,999,796
Total liabilities, end of year
$4,505,574
Net assets or fund balances, end of year
$635,494,222
Program services expenses (Part IX)
$27,230,240
Management and general expenses
$3,606,464
Fundraising expenses
$1,556,853
Program service expenses (Part III)
$27,230,240

Program services were 84.1% 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.

  • 1a · Federated campaigns

    $8,833

  • 1d · Related organizations

    $491,767

  • 1f · All other contributions, gifts and grants

    $18,682,604

  • 1g · Noncash contributions included above

    $2,661,788

  • 3 · Investment income

    total $15,389,796 · excluded $15,389,796

  • 7a · Gross sales of assets other than inventory

    securities $466,588,211

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

    securities $460,451,725

  • 7c · Gain or loss

    securities $6,136,486

  • 7d · Net gain or loss

    total $6,136,486 · excluded $6,136,486

  • 11a · Other revenue: AUXILLIARY INCOME

    total $3,039 · excluded $3,039

  • 11e · Other revenue, total

    $3,039

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,286,372 · program services $23,286,372

  • 2 · Grants to domestic individuals

    total $1,598,960 · program services $1,598,960

  • 5 · Compensation of officers, directors and key employees

    total $1,843,771 · program services $433,805 · management and general $1,218,472 · fundraising $191,494

  • 7 · Other salaries and wages

    total $2,161,494 · program services $636,486 · management and general $899,943 · fundraising $625,065

  • 8 · Pension plan contributions

    total $108,512 · program services $32,571 · management and general $42,419 · fundraising $33,522

  • 9 · Other employee benefits

    total $215,715 · program services $71,422 · management and general $18,316 · fundraising $125,977

  • 10 · Payroll taxes

    total $277,080 · management and general $277,080

  • 11b · Fees: legal

    total $52,748 · program services $13,457 · management and general $21,046 · fundraising $18,245

  • 11c · Fees: accounting

    total $57,949 · program services $17,183 · management and general $20,469 · fundraising $20,297

  • 11g · Fees: other

    total $1,289,827 · program services $686,280 · management and general $417,390 · fundraising $186,157

  • 12 · Advertising and promotion

    total $91,584 · program services $1,708 · management and general $43,809 · fundraising $46,067

  • 13 · Office expenses

    total $136,206 · program services $31,592 · management and general $62,316 · fundraising $42,298

  • 14 · Information technology

    total $583,348 · program services $123,360 · management and general $285,402 · fundraising $174,586

  • 16 · Occupancy

    total $56,319 · management and general $56,319

  • 17 · Travel

    total $134,553 · program services $64,917 · management and general $32,397 · fundraising $37,239

  • 19 · Conferences, conventions and meetings

    total $318,112 · program services $228,633 · management and general $43,055 · fundraising $46,424

  • 22 · Depreciation, depletion and amortization

    total $51,917 · management and general $51,917

  • 23 · Insurance

    total $11,518 · management and general $11,518

  • 24a · Other expenses: MISCELLANEOUS

    total $72,808 · program services $428 · management and general $71,875 · fundraising $505

  • 24b · Other expenses: MEMBERSHIPS

    total $29,099 · program services $3,066 · management and general $17,056 · fundraising $8,977

  • 24c · Other expenses: PILOT

    total $15,665 · management and general $15,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,605,056 · end of year $2,493,454

  • 3 · Pledges and grants receivable

    beginning of year $3,702,705 · end of year $1,266,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $479,507 · end of year $707,084

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

    $1,307,146

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

    $1,253,613

  • 10c · Land, buildings and equipment, net

    beginning of year $105,450 · end of year $53,533

  • 11 · Investments: publicly traded securities

    beginning of year $182,721,010 · end of year $53,376,111

  • 12 · Investments: other securities

    beginning of year $368,681,282 · end of year $573,056,960

  • 13 · Investments: program-related

    beginning of year $1,701,141 · end of year $2,051,173

  • 15 · Other assets

    beginning of year $6,975,815 · end of year $6,995,226

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,831,060 · end of year $865,001

  • 18 · Grants payable

    beginning of year $67,750 · end of year $1,853,611

  • 24 · Unsecured notes and loans payable

    beginning of year $35,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,441,402 · end of year $1,786,962

  • 27 · Net assets without donor restrictions

    beginning of year $38,290,047 · end of year $42,741,265

  • 28 · Net assets with donor restrictions

    beginning of year $524,306,707 · end of year $592,752,957

Mission and programs · 2023

Mission

KALAMAZOO COMMUNITY FOUNDATION'S MISSION IS TO MOBILIZE PEOPLE, RESOURCES, AND EXPERTISE TO ADVANCE RACIAL, SOCIAL, AND ECONOMIC JUSTICE.

Activities or mission (Part I)

KALAMAZOO COMMUNITY FOUNDATION'S MISSION IS TO MOBILIZE PEOPLE, RESOURCES, AND EXPERTISE TO ADVANCE RACIAL, SOCIAL, AND ECONOMIC JUSTICE IN ORDER TO MAKE KALAMAZOO COUNTY THE MOST EQUITABLE PLACE TO LIVE.

  • UNRESTRICTED FUNDS: DONORS HAVE ESTABLISHED UNRESTRICTED FUNDS WHICH ALLOW THE COMMUNITY FOUNDATION TO RESPOND TO THE MOST CHALLENGING NEEDS IN THE COMMUNITY, RESPOND QUICKLY TO EMERGENCIES, AND FACILITATE INNOVATIVE RESPONSES TO COMMUNITY CHALLENGES TO MEET THE VISION OF KALAMAZOO COUNTY AS THE MOST EQUITABLE PLACE TO LIVE.

    Expenses $4,993,172 · Grants $4,993,172

  • SCHOLARSHIP FUNDS PROVIDED FELLOWSHIPS AND SCHOLARSHIPS TO 351 STUDENTS.

    Expenses $1,248,863 · Grants $1,248,863

  • THE TRUTH, RACIAL HEALING & TRANSFORMATION (TRHT) IS A NATIONAL AND COMMUNITY BASED EFFORT TO ENGAGE COMMUNITIES, ORGANIZATIONS AND INDIVIDUALS FROM MULTIPLE SECTORS IN RACIAL HEALING AND ADDRESSING PRESENT-DAY INEQUITIES.

    Expenses $2,748,809 · Revenue $2,800,877

  • GRANTS FROM FUNDS WITH RESTRICTED PURPOSES INCLUDING DESIGNATED, DONOR ADVISED AND FIELD OF INTEREST.

    Expenses $18,239,396 · Grants $18,643,297

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Von Washington Jr

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dr L Marshall Washington

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Amy Upjohn

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Jorge Gonzalez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Artrella Cohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • James Escamilla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Xiaoan Li

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Kama Tai Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Sydney Parfet

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Lucas Mansberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Grace Lubwama

    CEO/PRESIDENT

    Total calculated
    $151,124
    From this org
    $144,183
    From related orgs
    $0
    Other
    $6,941
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,183
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,941
    Filer's total
    $151,124

  • Joanna Dales

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $156,891
    From this org
    $154,242
    From related orgs
    $0
    Other
    $2,649
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $154,242
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,649
    Filer's total
    $156,891

  • Sarah Jennings

    FRACTIONAL CFO

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Erycka Hunter

    VP, PEOPLE & OPERATIONS

    Total calculated
    $158,908
    From this org
    $149,472
    From related orgs
    $0
    Other
    $9,436
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $149,472
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,436
    Filer's total
    $158,908

  • Jennifer Heymoss

    VP, INITIATIVES & PUBLIC POLICY

    Total calculated
    $210,609
    From this org
    $188,614
    From related orgs
    $0
    Other
    $21,995
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $188,614
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,995
    Filer's total
    $210,609

  • Sarah Lee

    VP, MARKETING COMMUNICATION

    Total calculated
    $155,362
    From this org
    $154,860
    From related orgs
    $0
    Other
    $502
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $154,860
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $502
    Filer's total
    $155,362

  • Riccardo Stoeckicht

    INTERIM CFO

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Robyn Bennet

    HR DIRECTOR

    Total calculated
    $133,278
    From this org
    $116,120
    From related orgs
    $0
    Other
    $17,158
    Hours/week
    40

  • Kenlana Ferguson

    COMMUNITY IMPACT DIRECTOR

    Total calculated
    $122,737
    From this org
    $119,875
    From related orgs
    $0
    Other
    $2,862
    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. 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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINES 4A-B
JENNIFER HEYMOSS RECEIVED A SEVERANCE PAYMENT OF 56,120 DURING 2023. ERYKA HUNTER RECEIVED A SUPPEMENTAL NON-QUALIFIED RETIREMENT PLAN PAYMENT OF 4,342.54 DURING 2023.

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
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202443109349300834

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.