Skip to content
Nonprofiteer
← SAGINAW COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by SAGINAW COMMUNITY FOUNDATION.

Totals

Total revenue
$12,328,285
Total expenses
$7,415,140
Contributions and grants received
$6,975,569
Grants paid
$2,990,608
Program service revenue
$0
Investment income
$5,436,179
Other revenue
-$83,463
Total assets, end of year
$105,685,649
Total liabilities, end of year
$192,864
Net assets or fund balances, end of year
$105,492,785
Program services expenses (Part IX)
$6,655,336
Management and general expenses
$701,129
Fundraising expenses
$58,675
Program service expenses (Part III)
$6,655,336

Program services were 89.8% 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.

  • 1c · Fundraising events

    $30,690

  • 1e · Government grants (contributions)

    $1,469,913

  • 1f · All other contributions, gifts and grants

    $5,474,966

  • 1g · Noncash contributions included above

    $113,572

  • 3 · Investment income

    total $1,765,649 · related or exempt $1,765,649

  • 7a · Gross sales of assets other than inventory

    securities $24,202,288

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

    securities $20,531,758

  • 7c · Gain or loss

    securities $3,670,530

  • 7d · Net gain or loss

    total $3,670,530 · related or exempt $3,670,530

  • 8a · Fundraising events: gross income

    $28,423

  • 8a · Fundraising events: contributions included on line 1c

    $30,690

  • 8b · Fundraising events: direct expenses

    $111,969

  • 8c · Net income from fundraising events

    total -$83,546 · excluded -$83,546

  • 11a · Other revenue: Miscellaneous

    total $83 · excluded $83

  • 11e · Other revenue, total

    $83

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,122,143 · program services $2,122,143

  • 2 · Grants to domestic individuals

    total $868,465 · program services $868,465

  • 5 · Compensation of officers, directors and key employees

    total $182,208 · program services $67,418 · management and general $111,148 · fundraising $3,642

  • 7 · Other salaries and wages

    total $491,408 · program services $181,821 · management and general $299,759 · fundraising $9,828

  • 8 · Pension plan contributions

    total $21,941 · program services $9,670 · management and general $11,880 · fundraising $391

  • 9 · Other employee benefits

    total $44,465 · program services $19,199 · management and general $24,463 · fundraising $803

  • 10 · Payroll taxes

    total $48,950 · program services $18,730 · management and general $29,261 · fundraising $959

  • 11b · Fees: legal

    total $9,993 · management and general $9,993

  • 11c · Fees: accounting

    total $40,477 · program services $1,297 · management and general $39,180

  • 11f · Fees: investment management

    total $505,228 · program services $505,228

  • 11g · Fees: other

    total $1,279,538 · program services $1,279,538

  • 13 · Office expenses

    total $788,249 · program services $714,718 · management and general $33,449 · fundraising $40,082

  • 14 · Information technology

    total $67,044 · program services $28,450 · management and general $37,606 · fundraising $988

  • 16 · Occupancy

    total $68,689 · program services $16,679 · management and general $51,126 · fundraising $884

  • 17 · Travel

    total $11,885 · program services $11,273 · management and general $592 · fundraising $20

  • 19 · Conferences, conventions and meetings

    total $42,950 · program services $34,751 · management and general $7,939 · fundraising $260

  • 22 · Depreciation, depletion and amortization

    total $9,823 · program services $3,635 · management and general $5,992 · fundraising $196

  • 23 · Insurance

    total $35,118 · program services $27,809 · management and general $7,077 · fundraising $232

  • 24a · Other expenses: Site Preparation

    total $450,046 · program services $450,046

  • 24b · Other expenses: Special Event

    total $202,486 · program services $202,486

  • 24c · Other expenses: Misc. Expenses

    total $27,315 · program services $7,594 · management and general $19,721

  • 24d · Other expenses: Professional Developmen

    total $24,759 · program services $16,572 · management and general $7,928 · fundraising $259

  • 24e · All other expenses

    total $71,960 · program services $67,814 · management and general $4,015 · fundraising $131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,319 · end of year $247,071

  • 2 · Savings and temporary cash investments

    beginning of year $2,777,582 · end of year $2,079,887

  • 3 · Pledges and grants receivable

    beginning of year $33,776 · end of year $3,376

  • 4 · Accounts receivable

    beginning of year $24,091 · end of year $59,114

  • 7 · Other notes and loans receivable

    beginning of year $637,437 · end of year $675,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,731 · end of year $4,671

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

    $87,040

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

    $42,689

  • 10c · Land, buildings and equipment, net

    beginning of year $48,511 · end of year $44,351

  • 11 · Investments: publicly traded securities

    beginning of year $86,715,834 · end of year $95,962,296

  • 12 · Investments: other securities

    beginning of year $3,024,599 · end of year $3,335,718

  • 15 · Other assets

    beginning of year $1,524,496 · end of year $3,274,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,590 · end of year $168,496

  • 18 · Grants payable

    beginning of year $19,564 · end of year $24,368

  • 27 · Net assets without donor restrictions

    beginning of year $93,258,381 · end of year $102,249,830

  • 28 · Net assets with donor restrictions

    beginning of year $1,523,841 · end of year $3,242,955

Mission and programs · 2024

Mission

To fulfill donor wishes and enable community initiatives to come to life, now and forever.

Activities or mission (Part I)

To fullfill donor wishes and enable community initiatives to come to life, now and forever.

  • The Foundation is a grantmaker, philanthropic vehicle, community leader, and volunteer organization. As a grantmaking organization, SCF is able to assist charitable agencies and activities that provide specific and necessary services in our community. As a philanthropic vehicle, the Foundation works with any and all individuals who want a means of giving back to the community in a broad or specific way. As a leader in the community, the Foundation works with organizations, such as the United Way of Saginaw County, to conduct community surveys. As a volunteer organization, SCF gathers diverse groups of people to assist with various Foundation efforts.

    Expenses $6,655,336 · Grants $2,990,608

As filed on the 2024 return.

Listed in Part VII

  • Renee Johnston

    President & CEO

    Total calculated
    $182,208
    From this org
    $165,000
    From related orgs
    $0
    Other
    $17,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,208
    Filer's total
    $182,208

  • Todd Gregory

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Dana Tell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Iris Marteja

    Physician

    Total calculated
    $0
    Hours/week
    1

  • Rob Kain

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tom Miller Jr

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Elian Fichtner

    Community Liaison

    Total calculated
    $0
    Hours/week
    1

  • John Shelton

    Immediate Past Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Kwame Akowuah

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Ault

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Collier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Ellis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katherine Ellison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Keenen-Lechel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jill Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Nigl

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Pryor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rumi Shahzad

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Watson IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Webster

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 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

  • Saginaw Intermediate School District

    $307,559

    Mridha Foundation Teacher of the Year Award, Reading support, Early Childhood, and Support funding of college & career advisor program

  • Saginaw Valley State University Foundation

    $180,316

    WATROUS/STARK ENDOWMENT, DR. BENJAMIN STARK BIOLOGY SCHOLARSHIP, AL WATROUS GOLF INVITATIONAL, Waheed & Raana Akbar Scholarship, Scholarships, SVSU Musical Artist in Residence, and Ruth and Ted Braun Fellowship Program

  • Hidden Harvest

    $119,548

    General support, Hidden Harvest - Capital Campaign, and Hunger Solution Center Expansion

  • Children's Zoo at Celebration Square

    $106,339

    General/Program support, Ultrasound equipment, children's zoon carousel

  • Saginaw Bay Symphony Orchestra

    $64,054

    General Support and 2024 Agency Distribution

  • Heart of the City Development Center

    $51,000

    Critical Thinking with Art program, STEAM Program (Stem and Arts), & Adult Day Support Program

  • Region VII Area Agency on Aging

    $50,000

    Bay/Saginaw Health Plan

  • Saginaw Arts & Enrichment Commission

    $41,026

    General Support, Lucille E. Andersen Memorial Garden, Art for All, and Agency Distribution

  • MyMichigan Health Foundation

    $41,000

    Improving Breast Feeding Rates in Midland and Gratiot Counties

  • Saginaw Public Schools

    $40,883

    Saginaw United Bowling Team, SASA Teacher Mini-Grants, Jackson State University Trip and Library/media center materials

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SCF-Morley Building LLC

    C · Blg Rental · MI · 100% owned · share of income $173,951 · share of assets $580,631

    Directly controlled by SCF

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543179349302984

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

The source document this was parsed from is served over the API, which is where bulk and document access live.