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← MUSKEGON COUNTY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by MUSKEGON COUNTY COMMUNITY FOUNDATION.

Totals

Total revenue
$18,049,476
Total expenses
$17,248,679
Contributions and grants received
$9,011,056
Grants paid
$15,720,180
Program service revenue
$900,685
Investment income
$7,435,692
Other revenue
$702,043
Total assets, end of year
$233,413,617
Total liabilities, end of year
$26,191,362
Net assets or fund balances, end of year
$207,222,255
Program services expenses (Part IX)
$15,197,764
Management and general expenses
$1,044,690
Fundraising expenses
$1,006,225
Program service expenses (Part III)
$15,197,764

Program services were 88.1% 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

    $9,011,056

  • 1g · Noncash contributions included above

    $868,962

  • 2a · Program service revenue: FRAUENTHAL CENTER FOR THE PERFORM

    total $900,685 · related or exempt $800,874 · unrelated business $99,811

  • 3 · Investment income

    total $5,345,515 · excluded $5,345,515

  • 6a · Gross rents

    real property $100,891

  • 6b · Less rental expenses

    real property $218,239

  • 6c · Rental income or loss

    real property -$117,348

  • 6d · Net rental income or loss

    total -$117,348 · excluded -$117,348

  • 7a · Gross sales of assets other than inventory

    securities $11,020,299

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

    securities $8,930,122

  • 7c · Gain or loss

    securities $2,090,177

  • 7d · Net gain or loss

    total $2,090,177 · excluded $2,090,177

  • 11a · Other revenue: OTHER REVENUE

    total $506,242 · unrelated business $10,920 · excluded $495,322

  • 11b · Other revenue: COMMUNITY SERVICE/ENDOWMENT REVEN

    total $313,149 · excluded $313,149

  • 11e · Other revenue, total

    $819,391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,637,298 · program services $14,637,298

  • 2 · Grants to domestic individuals

    total $1,082,882 · program services $1,082,882

  • 5 · Compensation of officers, directors and key employees

    total $329,500 · management and general $329,500

  • 7 · Other salaries and wages

    total $1,512,325 · program services $784,847 · management and general $136,173 · fundraising $591,305

  • 8 · Pension plan contributions

    total $67,965 · program services $36,540 · management and general $3,895 · fundraising $27,530

  • 9 · Other employee benefits

    total $224,812 · program services $80,332 · management and general $46,910 · fundraising $97,570

  • 10 · Payroll taxes

    total $137,887 · program services $60,041 · management and general $32,611 · fundraising $45,235

  • 11b · Fees: legal

    total $703 · program services $247 · management and general $191 · fundraising $265

  • 11c · Fees: accounting

    total $25,808 · program services $9,746 · management and general $5,589 · fundraising $10,473

  • 11g · Fees: other

    total $217,388 · program services $99,497 · management and general $49,386 · fundraising $68,505

  • 12 · Advertising and promotion

    total $31,504 · program services $9,094 · management and general $9,388 · fundraising $13,022

  • 13 · Office expenses

    total $39,258 · program services $16,340 · management and general $9,601 · fundraising $13,317

  • 14 · Information technology

    total $8,063 · program services $911 · management and general $6,585 · fundraising $567

  • 16 · Occupancy

    total $214,156 · program services $163,539 · management and general $21,205 · fundraising $29,412

  • 19 · Conferences, conventions and meetings

    total $9,132 · program services $4,840 · management and general $1,798 · fundraising $2,494

  • 22 · Depreciation, depletion and amortization

    total $256,937 · program services $2,351 · management and general $254,586

  • 23 · Insurance

    total $34,961 · program services $25,984 · management and general $3,760 · fundraising $5,217

  • 24a · Other expenses: PUBLIC RELATIONS / DEVE

    total $183,546 · program services $47,722 · management and general $56,900 · fundraising $78,924

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $178,062 · program services $175,231 · management and general $1,186 · fundraising $1,645

  • 24c · Other expenses: MISCELLANEOUS

    total $96,770 · program services $92,127 · management and general $2,030 · fundraising $2,613

  • 24d · Other expenses: DUES SUBSCRIPTIONS

    total $86,834 · program services $77,700 · fundraising $9,134

  • 24e · All other expenses

    total -$2,127,112 · program services -$2,209,505 · management and general $73,396 · fundraising $8,997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,217,383 · end of year $2,543,310

  • 2 · Savings and temporary cash investments

    beginning of year $9,365,572 · end of year $8,291,292

  • 3 · Pledges and grants receivable

    beginning of year $806,909 · end of year $551,700

  • 4 · Accounts receivable

    beginning of year $363,974 · end of year $274,814

  • 7 · Other notes and loans receivable

    beginning of year $3,213,567 · end of year $5,696,278

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

    $12,724,893

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

    $8,435,585

  • 10c · Land, buildings and equipment, net

    beginning of year $4,547,957 · end of year $4,289,308

  • 11 · Investments: publicly traded securities

    beginning of year $186,372,231 · end of year $209,612,930

  • 12 · Investments: other securities

    beginning of year $2,268,590 · end of year $2,082,424

  • 15 · Other assets

    beginning of year $79,358 · end of year $71,561

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,681 · end of year $150,427

  • 18 · Grants payable

    beginning of year $620,318 · end of year $823,642

  • 21 · Escrow or custodial account liability

    beginning of year $25,075,284 · end of year $24,837,032

  • 25 · Other liabilities

    beginning of year $532,591 · end of year $380,261

  • 27 · Net assets without donor restrictions

    beginning of year $182,881,667 · end of year $207,222,255

Mission and programs · 2023

Mission

THE MISSION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY IS TO BUILD COMMUNITY ENDOWMENT, EFFECT POSITIVE CHANGE THROUGH GRANTMAKING AND PROVIDE LEADERSHIP ON KEY COMMUNITY ISSUES, ALL TO SERVE DONORS' DESIRES TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF OUR REGION, NOW AND FOR GENERATIONS TO COME

Activities or mission (Part I)

BETTER THE LIVES OF AREA RESIDENTS THROUGH INVESTING AND ADMINISTERING GIFTS AND BEQUESTS AND ISSUING GRANTS FOR SPECIFIC CHARITABLE AND EDUCATIONAL PROGRAMS.

  • EDUCATION - PROVIDE SCHOLARSHIP SUPPORT FOR MUSKEGON COUNTY STUDENTS PURSUING POST-SECONDARY EDUCATION; PROVIDE EDUCATION GRANTS TO SUPPORT THE INCREASING NUMBER OF CAREER AND COLLEGE READY HIGH SCHOOL GRADUATES; IMPROVE STUDENT ACCESS TO HIGH QUALITY EXTENDED LEARNING PROGRAMS AFTER SCHOOL AND DURING THE SUMMER.

    Expenses $4,014,456 · Grants $4,152,450

  • HEALTH AND HUMAN SERVICES - ENCOURAGE PROGRAMS THAT MEET THE BASIC QUALITY OF LIFE NEEDS OF MUSKEGON COUNTY CHILDREN AND YOUTH; PROMOTE HEALTH PROGRAMS AND PROJECTS THAT INCREASE THE QUALITY OF HEALTH CARE AVAILABLE IN MUSKEGON COUNTY WITH EMPHASIS ON THE NEEDS OF LOW-INCOME FAMILIES AND CHILDREN; ENCOURAGE AND PROMOTE PROJECTS AND PROGRAMS THAT EMBRACE RACIAL DIVERSITY AND MULTICULTURALISM; PROMOTE HEALTHY LIFESTYLES THROUGH EDUCATION AND PREVENTION PROGRAMMING; SUPPORT EFFORTS THAT ADDRESS THE NEEDS OF CHILDREN FROM BIRTH THROUGH AGE SIX, INCLUDING QUALITY CHILD CARE; SUPPORT PROGRAMS THAT ENCOURAGE FAMILIES TO SUCCEED AND BECOME SELF-SUFFICIENT.

    Expenses $3,544,733 · Grants $3,666,582

  • ARTS - PRESERVE AND SUPPORT THE FRAUENTHAL CENTER FOR THE PERFORMING ARTS AS A SIGNIFICANT COMMUNITY RESOURCE; ENCOURAGE QUALITY ARTS PROGRAMMING THAT BENEFITS A DIVERSE AUDIENCE; IMPROVE ACCESS TO YOUTH FOCUSED CULTURAL PROGRAMS; PROMOTE FINANCIAL STABILITY AND ORGANIZATIONAL DEVELOPMENT FOR ART ORGANIZATIONS.

    Expenses $6,893,566 · Grants $7,130,529 · Revenue $800,874

  • COMMUNITY DEVELOPMENT; ENVIRONMENT; EMERGING COMMUNITY NEEDS

    Expenses $745,009 · Grants $770,618

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

Listed in Part VII

  • Brad Hilleary

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Wilcox

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Todd Jacobs

    SECRETARY/PRESIDENT

    Total calculated
    $193,387
    From this org
    $184,839
    From related orgs
    $0
    Other
    $8,548
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $184,839
    Bonus
    $0
    Other
    $0
    Deferred
    $8,548
    Nontaxable benefits
    $0
    Filer's total
    $193,387

  • Katie Hensley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Asaline Scott

    SPECIAL ADVISOR TO THE BOA

    Total calculated
    $0
    Hours/week
    1

  • Dick Kamps MD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Hazekamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hon Maria Ladas Hoopes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rozelia Patino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Allore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jane Otrhalek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Troycie Nichols

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Shafer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angelita Valdez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michele Vanderlinde

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Duane Bennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deidre Briegel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dwight Vines

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward Garner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Israel Velez

    CFO

    Total calculated
    $136,113
    From this org
    $105,278
    From related orgs
    $0
    Other
    $30,835
    Hours/week
    40

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 · Compensation survey or study
  • 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

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

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.

Disregarded entities

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

  • MORRIS STREET LLC

    REAL PROPERTY OWNERSHIP · MI · assets $404,312

Related corporations and trusts

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

  • DOWNTOWN MUSKEGON DEVELOPMENT CORPORATION

    C · SALE OF DOWNTOWN MUSKEGON, MI PARCELS FOR REDEVELOPMENT OF CITY CORE. · MI · 34.92% owned

  • PKT TWELVE INC

    C · RESTAURANT AND WINE BAR · MI · 100% owned · share of income $100

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202412919349300306

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