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Nonprofiteer
← M&M AREA COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by M&M AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$1,935,940
Total expenses
$913,894
Contributions and grants received
$1,499,538
Grants paid
$437,010
Program service revenue
$168,885
Investment income
$266,832
Other revenue
$685
Total assets, end of year
$12,324,397
Total liabilities, end of year
$681,277
Net assets or fund balances, end of year
$11,643,120
Program services expenses (Part IX)
$772,150
Management and general expenses
$141,744
Fundraising expenses
$0
Program service expenses (Part III)
$772,150

Program services were 84.5% 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

    $1,499,538

  • 2a · Program service revenue: ADMINISTRATIVE FEE REVENUE

    total $168,885 · related or exempt $168,885

  • 3 · Investment income

    total $266,832 · excluded $266,832

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $685 · related or exempt $685

  • 11e · Other revenue, total

    $685

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $298,611 · program services $298,611

  • 2 · Grants to domestic individuals

    total $138,399 · program services $138,399

  • 5 · Compensation of officers, directors and key employees

    total $91,874 · program services $73,499 · management and general $18,375

  • 7 · Other salaries and wages

    total $55,653 · program services $44,523 · management and general $11,130

  • 8 · Pension plan contributions

    total $2,977 · program services $2,382 · management and general $595

  • 9 · Other employee benefits

    total $4,943 · program services $3,954 · management and general $989

  • 10 · Payroll taxes

    total $11,653 · program services $9,322 · management and general $2,331

  • 11c · Fees: accounting

    total $35,668 · management and general $35,668

  • 11f · Fees: investment management

    total $61,740 · management and general $61,740

  • 13 · Office expenses

    total $5,037 · program services $4,030 · management and general $1,007

  • 14 · Information technology

    total $1,856 · program services $1,485 · management and general $371

  • 16 · Occupancy

    total $8,385 · program services $6,708 · management and general $1,677

  • 17 · Travel

    total $6,114 · program services $4,891 · management and general $1,223

  • 19 · Conferences, conventions and meetings

    total $6,171 · program services $3,731 · management and general $2,440

  • 22 · Depreciation, depletion and amortization

    total $1,929 · management and general $1,929

  • 23 · Insurance

    total $2,296 · program services $1,837 · management and general $459

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $159,809 · program services $159,809

  • 24b · Other expenses: PROGRAM EXPENSE

    total $12,058 · program services $12,058

  • 24c · Other expenses: DUES/SUBSCRIPTIONS/FEES

    total $6,135 · program services $4,908 · management and general $1,227

  • 24d · Other expenses: MISCELLANOUS

    total $1,207 · program services $1,038 · management and general $169

  • 24e · All other expenses

    total $1,379 · program services $965 · management and general $414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,206 · end of year $47,765

  • 2 · Savings and temporary cash investments

    beginning of year $577,455 · end of year $481,984

  • 9 · Prepaid expenses and deferred charges

    beginning of year $994 · end of year $15,477

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

    $21,260

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

    $13,689

  • 10c · Land, buildings and equipment, net

    beginning of year $5,000 · end of year $7,571

  • 11 · Investments: publicly traded securities

    beginning of year $12,741,750 · end of year $11,748,694

  • 15 · Other assets

    beginning of year $19,975 · end of year $22,906

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,618 · end of year $6,472

  • 25 · Other liabilities

    beginning of year $832,385 · end of year $674,805

  • 27 · Net assets without donor restrictions

    beginning of year $12,584,402 · end of year $11,620,214

  • 28 · Net assets with donor restrictions

    beginning of year $19,975 · end of year $22,906

Mission and programs · 2022

Mission

TO INSPIRE TO PROVIDE LASTING LEGACIES THAT ENRICH OUR COMMUNITIES. WE ARE COMMITTED TO HELPING DONORS ACHIEVE THEIR CHARITABLE GOALS BY MAKING THE PROCESS OF GIVING EASIER AND MORE EFFICIENT.

  • GRANTS TO CHARITABLE ORGANIZATIONS TO SUPPORT ARTS AND CULTURE, EDUCATION, HEALTH, ENVIRONMENT AND ANIMALS, HUMAN SERVICES, PUBLIC BENEFIT, RELIGION, SPORTS, SCIENCE, RESEARCH AND TECHNOLOGY, AND SCHOLARSHIPS TO INDIVIDUALS, WITH A GOAL TO ACTIVELY PARTNER WITH AGENCIES AND CONSTITUENCIES TO SERVE OUR COMMUNITY AND COMMUNITY MEMBERS.

    Expenses $772,150 · Grants $437,010

As filed on the 2022 return.

Listed in Part VII

  • Paula Gruszynski

    EXECUTIVE DI

    Total calculated
    $91,874
    From this org
    $91,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Julie Bieber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Cindy Boyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynelle Caine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerry Delgoffe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Ellie

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Heather Huebner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Jackie Kamps

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Lee

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Pam Losinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Mamonov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Brooklyn Mosey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mark Rasner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jean Sanborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jen Schiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Swan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323109349302122

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

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