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Nonprofiteer
← MAPLE KNOLL COMMUNITIES FOUNDATION

Form 990 for tax year 2023

Filed by MAPLE KNOLL COMMUNITIES FOUNDATION.

Totals

Total revenue
$763,778
Total expenses
$454,948
Contributions and grants received
$572,684
Grants paid
$433,416
Program service revenue
$0
Investment income
$191,094
Other revenue
$0
Total assets, end of year
$3,654,488
Total liabilities, end of year
$42,112
Net assets or fund balances, end of year
$3,612,376
Program services expenses (Part IX)
$433,416
Management and general expenses
$21,532
Fundraising expenses
$0
Program service expenses (Part III)
$433,416

Program services were 95.3% 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.

  • 1d · Related organizations

    $7,500

  • 1f · All other contributions, gifts and grants

    $565,184

  • 3 · Investment income

    total $191,094 · excluded $191,094

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $433,416 · program services $433,416

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11f · Fees: investment management

    total $15,742 · management and general $15,742

  • 24a · Other expenses: BANK FEES

    total $3,590 · management and general $3,590

  • 24b · Other expenses: TAXES AND FEES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,317 · end of year $159,063

  • 2 · Savings and temporary cash investments

    beginning of year $1,998,615 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,882 · end of year $28,142

  • 11 · Investments: publicly traded securities

    beginning of year $18,237 · end of year $2,467,283

  • 15 · Other assets

    beginning of year $1,000,000 · end of year $1,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $42,112

  • 27 · Net assets without donor restrictions

    beginning of year $1,039,158 · end of year $1,303,399

  • 28 · Net assets with donor restrictions

    beginning of year $2,156,893 · end of year $2,308,977

Mission and programs · 2023

Mission

TO PROVIDE PHILANTHROPIC SUPPORT TO ENHANCE THE EXPERIENCE OF THOSE LIVING AND WORKING WITHIN MAPLE KNOLL COMMUNITIES, INC.

  • MAPLE KNOLL FOUNDATION SERVES AS A SUPPORTING FOUNDATION FOR MAPLE KNOLL COMMUNITIES (MKC) TO PROVIDE FINANCIAL AND OTHER SUPPORT TO MKC AND TO SERVE OTHER CHARITABLE PURPOSES FOR OLDER PERSONS.

    Expenses $433,416 · Grants $433,416

As filed on the 2023 return.

Listed in Part VII

  • Fred Robbins

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • David Wallace

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Zuidema

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Timothy McGowan

    PRESIDENT

    Total calculated
    $273,682
    From this org
    $0
    From related orgs
    $226,627
    Other
    $47,055
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,750 related
    Bonus
    $0
    Other
    $0 + $21,877 related
    Deferred
    $0 + $29,750 related
    Nontaxable benefits
    $0 + $17,305 related
    Filer's total
    $0 + $273,682 related

  • James Stahl

    VICE PRESIDENT, FINANCE

    Total calculated
    $226,625
    From this org
    $0
    From related orgs
    $191,042
    Other
    $35,583
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,425 related
    Bonus
    $0 + $16,421 related
    Other
    $0 + $32,196 related
    Deferred
    $0 + $20,173 related
    Nontaxable benefits
    $0 + $15,410 related
    Filer's total
    $0 + $226,625 related

  • Kurt Marty

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John C Bloomstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Steve Komrska

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Hanna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy McGrew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Lang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Hoskins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jolene Sobotka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Woodrow Uible

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tamilyn Bakas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynn Larson

    BOARD MEMBER

    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

  • 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 3
THE SOLE MEMBER, MAPLE KNOLL COMMUNITIES, DETERMINES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR THROUGH COMPENSATION COMMITTEES, COMPENSATION SURVEY, AND APPROVAL BY THE BOARD.
PART I, LINE 4B
THE RELATED ORGANIZATION, MAPLE KNOLL COMMUNITIES, MADE CONTRIBUTIONS TO A NONQUALIFIED RETIREMENT PLAN DURING THE CALENDAR YEAR FOR THE FOLLOWING INDIVIDUALS: JAMES STAHL - $15,000 TIMOTHY MCGOWAN - $23,000 MAPLE KNOLL COMMUNITIES ADOPTED THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR THE EXECUTIVE REFERENCED ABOVE IN 2007. A PORTION OF THE COMPENSATION HAS BEEN DEFERRED IN ACCORDANCE WITH TERMS OF THE AGREEMENT WHICH STATES THAT THE EXECUTIVE WILL BE ENTITLED TO RECEIVE THIS BENEFIT UPON RETIREMENT. IN 2019 THIS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WAS AMENDED TO DISTRIBUTE THE VESTED PORTION OF THE RETIREMENT PLAN ASSETS IN OCTOBER 2019 AND OCTOBER 2022 TO THE EXECUTIVE. THE NON-QUALIFIED RETIREMENT PLAN AMOUNTS LISTED ABOVE ARE INCLUDED IN COMPENSATION REPORTED IN SCHEDULE J, PART II, COLUMN C.

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

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.

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.

  • SLDEVELOPMENT INC

    C · GOLF COURSE · IN · controlled entity

  • BHI HOME CARE INC

    C · HOME CARE · IN · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202443139349303834

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