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← COMMUNITY CHOICE FOUNDATION

Form 990 for tax year 2022

Filed by COMMUNITY CHOICE FOUNDATION.

Totals

Total revenue
$52,275
Total expenses
$101,020
Contributions and grants received
$52,230
Grants paid
$101,000
Program service revenue
$0
Investment income
$45
Other revenue
$0
Total assets, end of year
$185,164
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$185,164
Program services expenses (Part IX)
$101,000
Management and general expenses
$20
Fundraising expenses
$0
Program service expenses (Part III)
$101,000

Program services were 100.0% 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

    $52,230

  • 3 · Investment income

    total $45 · excluded $45

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $101,000 · program services $101,000

  • 11b · Fees: legal

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $233,909 · end of year $185,164

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $233,909 · end of year $185,164

Mission and programs · 2022

Mission

PROVIDING HIGHER LEARNING SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL, CONTINUING EDUCATION, AND SKILLED TRADES TO MICHIGAN STUDENTS.

  • SIXTEEN SCHOLARSHIPS OF $5,000, EIGHT SCHOLARSHIPS OF $2,500, AND ONE SCHOLARSHIP OF $1,000 EACH WERE DISTRIBUTED TO GRADUATING HIGH SCHOOL, CONTINUING EDUCATION AND SKILLED TRADES STUDENTS IN THE STATE OF MICHIGAN.

    Expenses $101,000 · Grants $101,000

As filed on the 2022 return.

Listed in Part VII

  • Kelli Wisner-Frank

    TREASURER

    Total calculated
    $421,413
    From this org
    $0
    From related orgs
    $373,362
    Other
    $48,051
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,852 related
    Bonus
    $0 + $76,922 related
    Other
    $0 + $8,588 related
    Deferred
    $0 + $29,950 related
    Nontaxable benefits
    $0 + $18,101 related
    Filer's total
    $0 + $421,413 related

  • Donna Siejutt

    TRUSTEE

    Total calculated
    $338,836
    From this org
    $0
    From related orgs
    $293,491
    Other
    $45,345
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,840 related
    Bonus
    $0 + $61,275 related
    Other
    $0 + $16,376 related
    Deferred
    $0 + $29,162 related
    Nontaxable benefits
    $0 + $16,183 related
    Filer's total
    $0 + $338,836 related

  • Dan Munro

    TRUSTEE

    Total calculated
    $526,925
    From this org
    $0
    From related orgs
    $468,809
    Other
    $58,116
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,696 related
    Bonus
    $0 + $114,515 related
    Other
    $0 + $4,598 related
    Deferred
    $0 + $38,500 related
    Nontaxable benefits
    $0 + $19,616 related
    Filer's total
    $0 + $526,925 related

  • Teresa Mayer

    TRUSTEE

    Total calculated
    $371,798
    From this org
    $0
    From related orgs
    $336,070
    Other
    $35,728
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,428 related
    Bonus
    $0 + $73,054 related
    Other
    $0 + $11,588 related
    Deferred
    $0 + $30,922 related
    Nontaxable benefits
    $0 + $4,806 related
    Filer's total
    $0 + $371,798 related

  • Jennifer Hurren

    TRUSTEE

    Total calculated
    $279,890
    From this org
    $0
    From related orgs
    $257,541
    Other
    $22,349
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,013 related
    Bonus
    $0 + $47,840 related
    Other
    $0 + $10,688 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $1,849 related
    Filer's total
    $0 + $279,890 related

  • Robert Bava

    PRESIDENT

    Total calculated
    $948,167
    From this org
    $0
    From related orgs
    $881,109
    Other
    $67,058
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $638,004 related
    Bonus
    $0 + $238,771 related
    Other
    $0 + $4,334 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $19,558 related
    Filer's total
    $0 + $948,167 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINE 4B
DAN MUNRO, COO/EVP PARTICIPATES IN A 457F PLAN SPONSORED BY COMMUNITY CHOICE CREDIT UNION. THE ACCRUED BENEFIT LIABILITY AS OF DECEMBER 31, 2022 APPROXIMATED $173,000. THE BELOW LISTED OFFICERS PARTICIPATE IN A NON-QUALIFIED 457B PLAN SPONSORED BY COMMUNITY CHOICE CREDIT UNION. THE AMOUNTS REPORTED REPRESENT THE BALANCE OF THE BENEFIT PAYABLE TO EACH PARTICIPANT AS OF DECEMBER 31, 2022. ROBERT BAVA, CEO: $161,856 KELLI WISNER-FRANK, CFO: $52,903 DANIEL MUNRO, COO/EVP: $188,973 DONNA SIEJUTT, CHRO: $6,264 TERESA MAYER, CLO: $18,545 COMMUNITY CHOICE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE CEO, ROBERT BAVA, THE CHRO, DONNA SIEJUTT, AND THE CFO, KELLI WISNER-FRANK, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS.

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

No itemized grants to organizations on this return.

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
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325378

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