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Nonprofiteer
← THE LEELANAU TOWNSHIP COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by THE LEELANAU TOWNSHIP COMMUNITY FOUNDATION INC.

Totals

Total revenue
$494,002
Total expenses
$423,757
Contributions and grants received
$138,182
Grants paid
$227,835
Program service revenue
$0
Investment income
$333,254
Other revenue
$22,566
Total assets, end of year
$7,067,644
Total liabilities, end of year
$43,650
Net assets or fund balances, end of year
$7,023,994
Program services expenses (Part IX)
$317,404
Management and general expenses
$82,070
Fundraising expenses
$24,283
Program service expenses (Part III)
$317,404

Program services were 74.9% 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

    $138,182

  • 3 · Investment income

    total $196,862 · excluded $196,862

  • 7a · Gross sales of assets other than inventory

    securities $1,168,711

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

    securities $1,032,319

  • 7c · Gain or loss

    securities $136,392

  • 7d · Net gain or loss

    total $136,392 · related or exempt $136,392

  • 11a · Other revenue: RENTAL INCOME

    total $22,190 · related or exempt $22,190

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $376 · related or exempt $376

  • 11e · Other revenue, total

    $22,566

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $180,005 · program services $180,005

  • 2 · Grants to domestic individuals

    total $47,830 · program services $47,830

  • 5 · Compensation of officers, directors and key employees

    total $40,240 · program services $16,096 · management and general $16,096 · fundraising $8,048

  • 7 · Other salaries and wages

    total $25,333 · program services $10,133 · management and general $10,133 · fundraising $5,067

  • 10 · Payroll taxes

    total $5,017 · program services $2,007 · management and general $2,007 · fundraising $1,003

  • 11f · Fees: investment management

    total $28,632 · program services $28,632

  • 12 · Advertising and promotion

    total $7,457 · program services $2,983 · management and general $2,983 · fundraising $1,491

  • 13 · Office expenses

    total $2,153 · program services $861 · management and general $861 · fundraising $431

  • 19 · Conferences, conventions and meetings

    total $1,020 · program services $877 · management and general $143

  • 22 · Depreciation, depletion and amortization

    total $22,921 · program services $10,314 · management and general $11,461 · fundraising $1,146

  • 23 · Insurance

    total $5,896 · management and general $5,896

  • 24a · Other expenses: PROFESSIONAL FEES

    total $20,540 · management and general $20,540

  • 24b · Other expenses: CONTRACT SERVICES

    total $9,060 · program services $4,530 · management and general $4,530

  • 24c · Other expenses: REPAIR AND MAINTENANCE

    total $8,291 · program services $3,731 · management and general $3,731 · fundraising $829

  • 24d · Other expenses: ANNUAL REPORT

    total $7,622 · program services $5,716 · fundraising $1,906

  • 24e · All other expenses

    total $11,740 · program services $3,689 · management and general $3,689 · fundraising $4,362

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,062 · end of year $36,538

  • 2 · Savings and temporary cash investments

    beginning of year $82,800 · end of year $72,818

  • 4 · Accounts receivable

    beginning of year $7,112 · end of year $8,693

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

    $911,874

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

    $104,125

  • 10c · Land, buildings and equipment, net

    beginning of year $815,915 · end of year $807,749

  • 11 · Investments: publicly traded securities

    beginning of year $5,694,300 · end of year $6,141,846

  • 18 · Grants payable

    beginning of year $44,299 · end of year $17,102

  • 25 · Other liabilities

    beginning of year $14,518 · end of year $26,548

  • 27 · Net assets without donor restrictions

    beginning of year $6,627,372 · end of year $7,023,994

Mission and programs · 2023

Mission

TO SUPPORT PUBLIC CHARITIES IN THE LEELANAU TOWNSHIP AREA AND AWARD EDUCATIONAL SCHOLARSHIPS.

Activities or mission (Part I)

TO SUPPORT PUBLIC CHARITIES IN THE LEELANAU TOWNSHIP AREA.

  • DURING THE YEAR THE FOUNDATION AWARDED 22 GRANTS TO 17 DIFFERENT ORGANIZATIONS. THE FOUNDATION ALSO AWARDED 25 COLLEGE SCHOLARSHIPS TO 18 INDIVIDUALS.

    Expenses $317,404 · Grants $227,835

As filed on the 2023 return.

Listed in Part VII

  • KRISTI FISCHER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA MCCANN

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KIM ARMBRUSTER

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TY WESSELL

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MEGAN ERNST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARBARA NELSON-JAMESON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEB STANNARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUG WHITLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICK FOSTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTI HALLETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH VERHEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN MOORE

    EXECUTIVE DIRECTOR

    Total calculated
    $40,240
    From this org
    $40,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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
7 August 2024
IRS schema version
2023v5.1
Source object
202422289349300527

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