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← GRATIOT COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by GRATIOT COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$1,198,376
Total expenses
$979,290
Contributions and grants received
$332,766
Grants paid
$610,094
Program service revenue
$15,787
Investment income
$846,223
Other revenue
$3,600
Total assets, end of year
$20,286,147
Total liabilities, end of year
$1,347,350
Net assets or fund balances, end of year
$18,938,797
Program services expenses (Part IX)
$729,953
Management and general expenses
$225,190
Fundraising expenses
$24,147
Program service expenses (Part III)
$729,953

Program services were 74.5% 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

    $332,766

  • 1g · Noncash contributions included above

    $18,712

  • 2a · Program service revenue: Administrative Fees

    total $15,787 · related or exempt $15,787

  • 3 · Investment income

    total $415,531 · related or exempt $415,531

  • 7a · Gross sales of assets other than inventory

    securities $714,140

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

    securities $283,448

  • 7c · Gain or loss

    securities $430,692

  • 7d · Net gain or loss

    total $430,692 · related or exempt $430,692

  • 11a · Other revenue: Miscellaneous income

    total $3,600 · related or exempt $3,600

  • 11e · Other revenue, total

    $3,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $374,559 · program services $374,559

  • 2 · Grants to domestic individuals

    total $235,535 · program services $235,535

  • 5 · Compensation of officers, directors and key employees

    total $102,000 · program services $25,500 · management and general $66,300 · fundraising $10,200

  • 7 · Other salaries and wages

    total $86,587 · program services $21,646 · management and general $56,282 · fundraising $8,659

  • 10 · Payroll taxes

    total $14,427 · program services $3,607 · management and general $9,377 · fundraising $1,443

  • 11c · Fees: accounting

    total $13,443 · management and general $13,443

  • 11f · Fees: investment management

    total $60,242 · program services $60,242

  • 11g · Fees: other

    total $1,897 · management and general $1,897

  • 12 · Advertising and promotion

    total $1,243 · management and general $1,243

  • 13 · Office expenses

    total $10,211 · management and general $10,211

  • 14 · Information technology

    total $35,381 · management and general $35,381

  • 16 · Occupancy

    total $1,200 · management and general $1,200

  • 19 · Conferences, conventions and meetings

    total $3,845 · fundraising $3,845

  • 22 · Depreciation, depletion and amortization

    total $4,588 · management and general $4,588

  • 23 · Insurance

    total $4,324 · management and general $4,324

  • 24a · Other expenses: Service projects

    total $8,339 · program services $8,339

  • 24b · Other expenses: Utilities and fuel

    total $6,606 · management and general $6,606

  • 24c · Other expenses: Miscellaneous expenses

    total $6,306 · program services $525 · management and general $5,781

  • 24d · Other expenses: Dues and subscriptions

    total $4,539 · management and general $4,539

  • 24e · All other expenses

    total $4,018 · management and general $4,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,355 · end of year $98,830

  • 2 · Savings and temporary cash investments

    beginning of year $213,889 · end of year $239,476

  • 3 · Pledges and grants receivable

    beginning of year $750 · end of year $250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,095 · end of year $5,616

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

    $278,570

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

    $72,439

  • 10c · Land, buildings and equipment, net

    beginning of year $210,719 · end of year $206,131

  • 11 · Investments: publicly traded securities

    beginning of year $18,375,171 · end of year $19,571,582

  • 15 · Other assets

    beginning of year $160,221 · end of year $164,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,021 · end of year $10,513

  • 18 · Grants payable

    beginning of year $176,207 · end of year $136,887

  • 21 · Escrow or custodial account liability

    beginning of year $1,057,067 · end of year $1,199,950

  • 27 · Net assets without donor restrictions

    beginning of year $17,625,934 · end of year $18,774,285

  • 28 · Net assets with donor restrictions

    beginning of year $160,971 · end of year $164,512

Mission and programs · 2024

Mission

To receive and accept property that will be exclusively used for charitable purposes, primarily for the benefit of Gratiot County residents and institutions.

  • Grants and scholarships awarded for community projects and programs in fields of education, health, human services, arts, culture and community service.

    Expenses $729,953 · Grants $610,094 · Revenue $865,610

As filed on the 2024 return.

Listed in Part VII

  • Tim Lambrecht

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ali Barnes

    President

    Total calculated
    $0
    Hours/week
    1

  • Jim Wheeler

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Laura Bever

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marisa Bramer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Stambaugh

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Joy O'Neill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Benjamin Peterson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Els De Saegher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nora Colthorp

    Director

    Total calculated
    $0
    Hours/week
    1

  • Traci Gavenda

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paula Moeggenborg

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Pobanz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rich Ramereiz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Renee Sopel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Michael Stack

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erin Steward

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Studley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Holmes

    Executive Director

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 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

  • Women's Resource Center

    $16,200

    Renovations

  • Gratiot Emergency Housing Corp

    $16,000

    Housing

  • Ashley Community Schools

    $15,050

    Student Support

  • Breckenridge Elementary School

    $15,050

    Student Support

  • Carrie Knause Elementary

    $15,050

    Student Support

  • Fulton Elementary

    $15,050

    Student Support

  • Ithaca North Elementary School

    $15,050

    Student Support

  • Ithaca South Elementary School

    $15,050

    Student Support

  • Eugene M Nikkari Elementary

    $15,050

    Student Support

  • Gratiot County Hope House

    $15,000

    Shelter

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

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202620409349301527

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

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