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Nonprofiteer
← ALBION COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by ALBION COMMUNITY FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$1,815,851 changed to $1,898,757
Management and general expenses
$58,292 changed to $49,257
Fundraising expenses
$110,237 changed to $36,366
Program service expenses (Part III)
$1,815,851 changed to $1,898,757

Totals

Total revenue
$1,377,787
Total expenses
$1,984,380
Contributions and grants received
$1,124,181
Grants paid
$121,980
Program service revenue
$11,890
Investment income
$234,964
Other revenue
$6,752
Total assets, end of year
$6,024,694
Total liabilities, end of year
$710,741
Net assets or fund balances, end of year
$5,313,953
Program services expenses (Part IX)
$1,815,851
Management and general expenses
$58,292
Fundraising expenses
$110,237
Program service expenses (Part III)
$1,815,851

Program services were 91.5% 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

    $1,124,181

  • 2a · Program service revenue: ADMINISTRATIVE FEE REVENUE

    total $11,890 · related or exempt $11,890

  • 3 · Investment income

    total $272,078 · excluded $272,078

  • 6a · Gross rents

    real property $12,000

  • 6b · Less rental expenses

    real property $5,248

  • 6c · Rental income or loss

    real property $6,752

  • 6d · Net rental income or loss

    total $6,752 · excluded $6,752

  • 7a · Gross sales of assets other than inventory

    securities $1,774,549

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

    securities $1,811,663

  • 7c · Gain or loss

    securities -$37,114

  • 7d · Net gain or loss

    total -$37,114 · related or exempt -$37,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,980 · program services $121,980

  • 5 · Compensation of officers, directors and key employees

    total $70,000 · program services $11,667 · management and general $5,833 · fundraising $52,500

  • 7 · Other salaries and wages

    total $26,949 · program services $4,492 · management and general $2,245 · fundraising $20,212

  • 9 · Other employee benefits

    total $18,465 · program services $3,078 · management and general $1,538 · fundraising $13,849

  • 10 · Payroll taxes

    total $7,434 · program services $1,239 · management and general $619 · fundraising $5,576

  • 11b · Fees: legal

    total $8,083 · management and general $8,083

  • 11c · Fees: accounting

    total $18,445 · management and general $18,445

  • 11f · Fees: investment management

    total $30,295 · program services $30,295

  • 11g · Fees: other

    total $1,179,062 · program services $1,179,062

  • 12 · Advertising and promotion

    total $1,898 · program services $948 · management and general $475 · fundraising $475

  • 13 · Office expenses

    total $8,128 · program services $3,940 · management and general $1,970 · fundraising $2,218

  • 14 · Information technology

    total $28,384 · program services $14,192 · management and general $7,096 · fundraising $7,096

  • 16 · Occupancy

    total $8,718 · program services $3,245 · management and general $4,198 · fundraising $1,275

  • 19 · Conferences, conventions and meetings

    total $2,426 · program services $1,214 · management and general $606 · fundraising $606

  • 22 · Depreciation, depletion and amortization

    total $9,752 · program services $5,086 · management and general $2,666 · fundraising $2,000

  • 23 · Insurance

    total $3,004 · program services $1,567 · management and general $821 · fundraising $616

  • 24a · Other expenses: EQUIPMENT PURCHASES - NON

    total $419,924 · program services $419,924

  • 24b · Other expenses: DIRECT FUND EXPENSE-VICT

    total $11,800 · program services $5,900 · management and general $2,950 · fundraising $2,950

  • 24c · Other expenses: SPECIAL EVENTS-GENERAL EX

    total $6,492 · program services $6,492

  • 24d · Other expenses: MEMBERSHIP FEES

    total $2,742 · program services $1,370 · management and general $686 · fundraising $686

  • 24e · All other expenses

    total $399 · program services $160 · management and general $61 · fundraising $178

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,257 · end of year $68,334

  • 3 · Pledges and grants receivable

    beginning of year $9,200 · end of year $47,742

  • 4 · Accounts receivable

    beginning of year $187

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,013 · end of year $6,986

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

    $326,177

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

    $60,358

  • 10c · Land, buildings and equipment, net

    beginning of year $272,048 · end of year $265,819

  • 11 · Investments: publicly traded securities

    beginning of year $7,219,014 · end of year $5,571,879

  • 12 · Investments: other securities

    beginning of year $63,934 · end of year $63,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,529 · end of year $4,180

  • 19 · Deferred revenue

    end of year $1,000

  • 21 · Escrow or custodial account liability

    beginning of year $839,892 · end of year $703,650

  • 25 · Other liabilities

    beginning of year $2,042 · end of year $1,911

  • 27 · Net assets without donor restrictions

    beginning of year $6,611,190 · end of year $5,033,953

  • 28 · Net assets with donor restrictions

    beginning of year $280,000 · end of year $280,000

Mission and programs · 2022

Mission

STRENGTHEN THE GREATER ALBION AREA BY CULTIVATING COMMUNITY ASSETS TO ENHANCE THE QUALITY OF LIFE.

  • MANY COMMUNITY PROJECTS AND CULTURAL EVENTS WERE PROMOTED AND FUNDED DURING THE YEAR THAT BENEFITED THE LOCAL COUMMUNITY OF ALBION, MICHIGAN. THE COMMUNITY FOUNDATION AWARDED MORE THAN 30 GRANTS.

    Expenses $1,815,851 · Grants $121,980 · Revenue $11,890

As filed on the 2022 return.

Listed in Part VII

  • Shane Williamson

    EXECUTIVE DI

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mandy Konkle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Karen Yankie

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Amy Reimann

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tom Pitt

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tamara Crupi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Dunklin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nancy Roush

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joyce Spicer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mike Tymkew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nidia Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tom Hunsdorfer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ken Ponds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Vicky Snyder

    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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325428

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

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