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Nonprofiteer
← THE VILLAGE CLUB FOUNDATION

Form 990 for tax year 2023

Filed by THE VILLAGE CLUB FOUNDATION.

Totals

Total revenue
$301,559
Total expenses
$335,260
Contributions and grants received
$128,328
Grants paid
$263,000
Program service revenue
$0
Investment income
$168,178
Other revenue
$5,053
Total assets, end of year
$5,307,634
Total liabilities, end of year
$2,069
Net assets or fund balances, end of year
$5,305,565
Program services expenses (Part IX)
$270,766
Management and general expenses
$52,873
Fundraising expenses
$11,621
Program service expenses (Part III)
$270,766

Program services were 80.8% 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.

  • 1f · All other contributions, gifts and grants

    $128,328

  • 3 · Investment income

    total $136,413 · excluded $136,413

  • 7a · Gross sales of assets other than inventory

    securities $1,006,511

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

    securities $974,746

  • 7c · Gain or loss

    securities $31,765

  • 7d · Net gain or loss

    total $31,765 · excluded $31,765

  • 8a · Fundraising events: gross income

    $6,428

  • 8b · Fundraising events: direct expenses

    $1,800

  • 8c · Net income from fundraising events

    total $4,628 · excluded $4,628

  • 11a · Other revenue: MISCELLANEOUS

    total $425 · excluded $425

  • 11e · Other revenue, total

    $425

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $263,000 · program services $263,000

  • 11b · Fees: legal

    total $1,276 · management and general $1,276

  • 11c · Fees: accounting

    total $7,950 · management and general $7,950

  • 11f · Fees: investment management

    total $34,980 · management and general $34,980

  • 13 · Office expenses

    total $2,325 · management and general $749 · fundraising $1,576

  • 16 · Occupancy

    total $4,473 · management and general $4,473

  • 22 · Depreciation, depletion and amortization

    total $129 · management and general $129

  • 24a · Other expenses: MEDIA AND OFFICE SERVIC

    total $10,727 · program services $3,723 · management and general $3,281 · fundraising $3,723

  • 24b · Other expenses: THE TORCH PUBLICATION/A

    total $5,240 · program services $2,620 · fundraising $2,620

  • 24c · Other expenses: GRANTS LUNCHEON

    total $2,846 · program services $1,423 · fundraising $1,423

  • 24d · Other expenses: MARTHA MILLER MAXWELL E

    total $2,020 · fundraising $2,020

  • 24e · All other expenses

    total $294 · management and general $35 · fundraising $259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,190 · end of year $57,991

  • 2 · Savings and temporary cash investments

    beginning of year $179,708 · end of year $46,893

  • 4 · Accounts receivable

    beginning of year $2,576 · end of year $40

  • 9 · Prepaid expenses and deferred charges

    beginning of year $303 · end of year $303

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

    $7,800

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

    $7,800

  • 10c · Land, buildings and equipment, net

    beginning of year $129 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,714,901 · end of year $5,202,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,052 · end of year $2,069

  • 27 · Net assets without donor restrictions

    beginning of year $4,909,755 · end of year $5,305,565

Mission and programs · 2023

Mission

THE PURPOSE OF THE VILLAGE CLUB FOUNDATION IS TO FURTHER EDUCATIONAL, CULTURAL, AND CIVIC ACTIVITIES, TO PROMOTE PHILANTHROPIC PROJECTS, AND TO OPERATE FOR THE GOOD OF THE COMMUNITY. THE FOUNDATION FOCUSES ON THE INTERRELATED ASPECTS OF COMMUNITY LIFE, BASIC HUMAN NEEDS, AND SERVICES. THE FOUNDATION WORKS TO ENRICH OTHER NONPROFIT ORGANIZATIONS TO MAKE A DIFFERENCE IN THE LIVES OF INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND COMMUNITIES. THE FOUNDATION OFFERS FINANCIAL SUPPORT TO QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT WAYNE, OAKLAND, AND MACOMB COUNTIES.

  • THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT WAYNE, OAKLAND, AND MACOMB COUNTIES.

    Expenses $270,766 · Grants $263,000

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

Listed in Part VII

  • Deborah Kitson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Deborah Gollnitz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Kathleen Schwartz

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Marguerite Lentz

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Gay Garcia

    CONTRIBUTIONS

    Total calculated
    $0
    Hours/week
    10

  • Carolyn Masserang

    GRANTS

    Total calculated
    $0
    Hours/week
    10

  • Anne Miller

    PUBLIC RELATIONS

    Total calculated
    $0
    Hours/week
    10

  • Joan Primo

    TRUSTEE AT LARGE

    Total calculated
    $0
    Hours/week
    10

  • Cathleen Clancy

    SPECIAL EVENTS

    Total calculated
    $0
    Hours/week
    10

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.

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
18 January 2025
IRS schema version
2023v6.0
Source object
202540319349301004

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

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