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Nonprofiteer
← STURGIS AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by STURGIS AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$3,009,420
Total expenses
$2,260,587
Contributions and grants received
$2,122,230
Grants paid
$1,325,475
Program service revenue
$0
Investment income
$561,438
Other revenue
$325,752
Total assets, end of year
$32,204,128
Total liabilities, end of year
$1,614,978
Net assets or fund balances, end of year
$30,589,150
Program services expenses (Part IX)
$1,709,007
Management and general expenses
$469,592
Fundraising expenses
$81,988
Program service expenses (Part III)
$1,709,007

Program services were 75.6% 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

    $2,122,230

  • 3 · Investment income

    total $738,536 · excluded $738,536

  • 7a · Gross sales of assets other than inventory

    other assets -$177,098

  • 7c · Gain or loss

    other assets -$177,098

  • 7d · Net gain or loss

    total -$177,098 · excluded -$177,098

  • 8a · Fundraising events: gross income

    $12,290

  • 8b · Fundraising events: direct expenses

    $12,865

  • 8c · Net income from fundraising events

    total -$575 · excluded -$575

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $325,277 · related or exempt $325,277

  • 11b · Other revenue: MISCELLANEOUS

    total $1,050 · related or exempt $1,050

  • 11e · Other revenue, total

    $326,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,211,567 · program services $1,211,567

  • 2 · Grants to domestic individuals

    total $113,908 · program services $113,908

  • 5 · Compensation of officers, directors and key employees

    total $160,226 · program services $34,998 · management and general $84,082 · fundraising $41,146

  • 7 · Other salaries and wages

    total $40,920 · program services $9,002 · management and general $21,278 · fundraising $10,640

  • 9 · Other employee benefits

    total $26,166 · management and general $15,699 · fundraising $10,467

  • 10 · Payroll taxes

    total $15,280 · program services $3,366 · management and general $7,952 · fundraising $3,962

  • 11c · Fees: accounting

    total $15,200 · management and general $15,200

  • 11f · Fees: investment management

    total $300,931 · management and general $300,931

  • 11g · Fees: other

    total $5,606 · program services $5,606

  • 12 · Advertising and promotion

    total $1,425 · fundraising $1,425

  • 13 · Office expenses

    total $6,400 · management and general $1,964 · fundraising $4,436

  • 14 · Information technology

    total $11,867 · program services $9,223 · management and general $2,644

  • 17 · Travel

    total $320 · program services $320

  • 19 · Conferences, conventions and meetings

    total $5,404 · program services $3,870 · management and general $920 · fundraising $614

  • 23 · Insurance

    total $5,819 · management and general $5,819

  • 24a · Other expenses: ADMINISTRATRIVE FEES

    total $311,519 · program services $311,519

  • 24b · Other expenses: MARKETING & DEVELOPMENT

    total $9,343 · program services $4,671 · fundraising $4,672

  • 24c · Other expenses: DUES, EDUCATION & FEES

    total $8,554 · management and general $8,554

  • 24d · Other expenses: MISCELLANEOUS

    total $4,837 · program services $957 · management and general $89 · fundraising $3,791

  • 24e · All other expenses

    total $5,295 · management and general $4,460 · fundraising $835

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $289,405

  • 2 · Savings and temporary cash investments

    beginning of year $58,805

  • 7 · Other notes and loans receivable

    beginning of year $342,697 · end of year $282,356

  • 11 · Investments: publicly traded securities

    beginning of year $23,800,662 · end of year $28,319,440

  • 12 · Investments: other securities

    beginning of year $3,127,477 · end of year $3,308,556

  • 15 · Other assets

    beginning of year $12,865 · end of year $4,371

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,117 · end of year $11,565

  • 18 · Grants payable

    beginning of year $243,110 · end of year $297,089

  • 25 · Other liabilities

    beginning of year $1,086,333 · end of year $1,306,324

  • 27 · Net assets without donor restrictions

    beginning of year $2,612,780 · end of year $3,669,658

  • 28 · Net assets with donor restrictions

    beginning of year $23,389,366 · end of year $26,919,492

Mission and programs · 2023

Mission

PROMOTE THE USE OF POOLED FUNDS FOR CHARITABLE, BENEVOLENT, INDUSTRIAL DEVELOPMENT, AND EDUCATIONAL USES TO MEET THE CHANGING NEEDS OF THE LOCAL COMMUNITY BY ALLOWING PERSONS OF ALL MEANS TO HELP CONTRIBUTE TO THESE CAUSES.

  • MANAGING AND ADMINISTERING A DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS, NONPROFIT ENDOWMENT FUNDS, SCHOLARSHIP FUNDS, AND UNRESTRICTED FUNDS. THESE ACTIVITIES INCLUDE PROMOTING PHILANTHROPY, OVERSEEING FUND DISTRIBUTIONS, AND SUPPORTING CHARITABLE ORGANIZATIONS AND INITIATIVES THROUGH GRANTS AND SCHOLARSHIPS. BY STEWARDING THESE FUNDS, THE FOUNDATION FULFILLS ITS EXEMPT PURPOSE OF FOSTERING PHILANTHROPY, ADDRESSING COMMUNITY NEEDS, AND SUPPORTING CHARITABLE EFFORTS IN ALIGNMENT WITH ITS MISSION AND DONOR INTENT.

    Expenses $1,709,007 · Grants $1,325,475

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

Listed in Part VII

  • LINDSAY AGUILAR

    EXECUTIVE DI

    Total calculated
    $108,937
    From this org
    $108,937
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ERIN MELCHI-BAKER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • NED HAYLETT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KIMBERLEE BONTRAGER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN CARMICHAEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOE HAAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANK PEREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH WHITEHEAD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CAROLINE HUGHES

    YOUTH TRUSTE

    Total calculated
    $0
    Hours/week
    2

  • SHELLY LUCE

    OPERATIONS M

    Total calculated
    $51,289
    From this org
    $51,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ERIC EISHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JANE TONER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433489349300708

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

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