Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $393,288

• 1f · All other contributions, gifts and grants

  $4,479,541

• 1g · Noncash contributions included above

  $513,286

• 3 · Investment income

  total $4,015,127 · excluded $4,015,127

• 7a · Gross sales of assets other than inventory

  securities $4,180,678

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

  securities $3,620,867

• 7c · Gain or loss

  securities $559,811

• 7d · Net gain or loss

  total $559,811 · excluded $559,811

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $98,278 · related or exempt $98,278

• 11e · Other revenue, total

  $98,278

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,492,457 · program services $4,492,457

• 2 · Grants to domestic individuals

  total $394,250 · program services $394,250

• 3 · Grants to foreign organizations and individuals

  total $71,886 · program services $71,886

• 5 · Compensation of officers, directors and key employees

  total $352,186 · program services $185,473 · management and general $165,418 · fundraising $1,295

• 7 · Other salaries and wages

  total $470,788 · program services $247,932 · management and general $221,124 · fundraising $1,732

• 8 · Pension plan contributions

  total $18,770 · program services $9,885 · management and general $8,816 · fundraising $69

• 9 · Other employee benefits

  total $34,432 · program services $18,133 · management and general $16,172 · fundraising $127

• 10 · Payroll taxes

  total $56,131 · program services $29,561 · management and general $26,364 · fundraising $206

• 11b · Fees: legal

  total $550 · program services $290 · management and general $258 · fundraising $2

• 11c · Fees: accounting

  total $53,021 · program services $3,225 · management and general $49,796

• 11f · Fees: investment management

  total $46,256 · program services $46,256

• 11g · Fees: other

  total $20,213 · program services $11,680 · management and general $8,466 · fundraising $67

• 12 · Advertising and promotion

  total $10,075 · program services $9,702 · management and general $1 · fundraising $372

• 13 · Office expenses

  total $17,543 · program services $9,262 · management and general $8,217 · fundraising $64

• 14 · Information technology

  total $57,192 · program services $30,119 · management and general $26,863 · fundraising $210

• 16 · Occupancy

  total $65,943 · program services $34,728 · management and general $30,972 · fundraising $243

• 17 · Travel

  total $3,392 · program services $1,131 · management and general $1,130 · fundraising $1,131

• 19 · Conferences, conventions and meetings

  total $18,296 · program services $6,885 · management and general $11,411

• 22 · Depreciation, depletion and amortization

  total $4,314 · program services $1,848 · management and general $2,447 · fundraising $19

• 23 · Insurance

  total $18,767 · program services $10,971 · management and general $7,735 · fundraising $61

• 24a · Other expenses: PROGRAM EXPENSES

  total $2,894,183 · program services $2,894,183

• 24b · Other expenses: EVENT EXPENSE

  total $33,175 · program services $33,175

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $6,706 · program services $3,353 · management and general $3,353

• 24d · Other expenses: FUND DEVELOPMENT

  total $3,945 · program services $1,620 · management and general $705 · fundraising $1,620

• 24e · All other expenses

  total $4,812 · program services $1,396 · management and general $3,406 · fundraising $10

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,085,814 · end of year $687,796

• 2 · Savings and temporary cash investments

  beginning of year $1,135,998 · end of year $715,440

• 3 · Pledges and grants receivable

  beginning of year $547,407 · end of year $458,173

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,254 · end of year $14,826

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

  $151,171

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

  $134,086

• 10c · Land, buildings and equipment, net

  beginning of year $10,718 · end of year $17,085

• 11 · Investments: publicly traded securities

  beginning of year $120,054,362 · end of year $137,887,448

• 12 · Investments: other securities

  beginning of year $5,283,425 · end of year $5,542,595

• 15 · Other assets

  beginning of year $478,025 · end of year $364,236

• 17 · Accounts payable and accrued expenses

  beginning of year $40,005 · end of year $42,070

• 18 · Grants payable

  beginning of year $361,430 · end of year $455,345

• 21 · Escrow or custodial account liability

  beginning of year $13,450,125 · end of year $15,424,188

• 25 · Other liabilities

  beginning of year $472,809 · end of year $355,136

• 27 · Net assets without donor restrictions

  beginning of year $113,362,508 · end of year $128,952,687

• 28 · Net assets with donor restrictions

  beginning of year $923,126 · end of year $458,173

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY CLUB OF EAST LANSING DUES WERE PAID BY THE ORGANIZATION ON BEHALF OF THE PRESIDENT AND CEO FOR BUSINESS MEALS AND MEETINGS. THE PRO-RATA SHARE OF DUES ATTRIBUTABLE TO PERSONAL USE ARE INCLUDED IN W-2 TAXABLE WAGES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• VIBRANT COMMUNITIES LLC

  CONSTRUCTION OF LOCAL COMMUNITY PROJECTS · MI · income $2,765,007 · assets $58,157

  Directly controlled by CAPITAL REGION COMMUNITY FOUNDATION