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Nonprofiteer
← KEWEENAW COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by KEWEENAW COMMUNITY FOUNDATION.

Totals

Total revenue
$9,126,867
Total expenses
$192,894
Contributions and grants received
$9,024,290
Grants paid
$108,576
Program service revenue
$0
Investment income
$97,096
Other revenue
$5,481
Total assets, end of year
$11,839,822
Total liabilities, end of year
$1,942,336
Net assets or fund balances, end of year
$9,897,486
Program services expenses (Part IX)
$111,808
Management and general expenses
$81,011
Fundraising expenses
$75
Program service expenses (Part III)
$111,808

Program services were 58.0% 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

    $9,024,290

  • 1g · Noncash contributions included above

    $8,749,426

  • 3 · Investment income

    total $86,428 · excluded $86,428

  • 7a · Gross sales of assets other than inventory

    other assets $10,668

  • 7c · Gain or loss

    other assets $10,668

  • 7d · Net gain or loss

    total $10,668 · excluded $10,668

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $5,481 · excluded $5,481

  • 11e · Other revenue, total

    $5,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,576 · program services $108,576

  • 11a · Fees: management

    total $38,041 · management and general $38,041

  • 11b · Fees: legal

    total $375 · management and general $375

  • 11c · Fees: accounting

    total $2,610 · management and general $2,610

  • 11f · Fees: investment management

    total $30,237 · management and general $30,237

  • 13 · Office expenses

    total $4,597 · management and general $4,597

  • 16 · Occupancy

    total $1,685 · management and general $1,685

  • 17 · Travel

    total $267 · management and general $267

  • 19 · Conferences, conventions and meetings

    total $800 · management and general $800

  • 23 · Insurance

    total $1,000 · management and general $1,000

  • 24a · Other expenses: VENUE RENTAL

    total $3,202 · program services $3,202

  • 24b · Other expenses: BANK AND CREDIT CARD FEES

    total $899 · management and general $899

  • 24c · Other expenses: TRAINING

    total $500 · management and general $500

  • 24d · Other expenses: MISC

    total $75 · fundraising $75

  • 24e · All other expenses

    total $30 · program services $30

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $176,802 · end of year $182,717

  • 3 · Pledges and grants receivable

    end of year $380

  • 4 · Accounts receivable

    end of year $60

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

    $648

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

    $648

  • 11 · Investments: publicly traded securities

    beginning of year $659,740 · end of year $11,656,665

  • 17 · Accounts payable and accrued expenses

    end of year $23,639

  • 18 · Grants payable

    end of year $67,813

  • 21 · Escrow or custodial account liability

    beginning of year $353,230 · end of year $390,837

  • 25 · Other liabilities

    end of year $1,460,047

  • 27 · Net assets without donor restrictions

    beginning of year $483,312 · end of year $9,897,486

Mission and programs · 2023

Mission

THE MISSION OF THE KEWEENAW COMMUNITY FOUNDATION IS TO PROMOTE PHILANTHROPY, DEVELOP AND MANAGE PERMANENT ENDOWMENTS FROM A BROAD RANGE OF DONORS, AND AWARD CHARITABLE GRANTS THAT ENHANCE THE QUALITY OF LIFE IN THE KEWEENAW PENINSULA.

  • DONOR SERVICES: ASSISTING DONORS TO REALIZE THEIR PHILANTHROPIC GOALS FOR CHARITABLE GIVING AND COMMUNITY IMPACT. COMMUNITY IMPACT: WORKING TO BUILD A COMMUNITY ENDOWMENT TO SUPPORT CHANGING COMMUNITY NEEDS AND OPPORTUNITIES. COMMUNITY COLLABORATION: WORKING WITH OUR COMMUNITY PARTNERS TO COLLABORATE ON SHARED GOALS FOR A THRIVING COMMUNITY.

    Expenses $111,808 · Grants $108,576

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

Listed in Part VII

  • John Lehman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andy Costic

    TREASURE/VIC

    Total calculated
    $0
    Hours/week
    1

  • Sharon Fisher

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • George Twarzik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Krause

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Iola Brubaker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Salmi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelly Kamm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cassy Tefft De Munoz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jodi Santeford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Probst

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robin Meneguzzo

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    5

  • Trevor Salata

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413209349301236

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