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Nonprofiteer
← The Fremont Area Elderly Needs Fund

Form 990 for tax year 2023

Filed by The Fremont Area Elderly Needs Fund.

Totals

Total revenue
$495,860
Total expenses
$506,980
Contributions and grants received
$139
Grants paid
$353,406
Program service revenue
$0
Investment income
$495,721
Other revenue
$0
Total assets, end of year
$12,713,143
Total liabilities, end of year
$322,200
Net assets or fund balances, end of year
$12,390,943
Program services expenses (Part IX)
$353,406
Management and general expenses
$153,574
Fundraising expenses
$0
Program service expenses (Part III)
$353,406

Program services were 69.7% 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

    $139

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $383,288 · excluded $383,288

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $352,441

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

    securities $240,008

  • 7c · Gain or loss

    securities $112,433 · other assets $0

  • 7d · Net gain or loss

    total $112,433 · excluded $112,433

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $353,406 · program services $353,406

  • 11a · Fees: management

    total $135,755 · management and general $135,755

  • 11f · Fees: investment management

    total $9,485 · management and general $9,485

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $930 · management and general $930

  • 19 · Conferences, conventions and meetings

    total $840 · management and general $840

  • 23 · Insurance

    total $2,716 · management and general $2,716

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $3,400 · management and general $3,400

  • 24b · Other expenses: PUBLIC RELATIONS

    total $448 · management and general $448

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,828 · end of year $44,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,717 · end of year $2,747

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $11,453,929 · end of year $12,666,396

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,829 · end of year $44,000

  • 18 · Grants payable

    beginning of year $285,584 · end of year $278,200

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,171,061 · end of year $12,390,943

Mission and programs · 2023

Mission

TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE OLDER ADULT POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WESTERN MICHIGAN AREA.

Activities or mission (Part I)

TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE OLDER ADULT POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WEST MICHIGAN AREA.

  • TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE ELDERLY POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WESTERN MICHIGAN AREA. GRANTS INCLUDE TRANSPORTATION AND IMPROVING THE QUALITY OF LIFE FOR SENIOR CITIZENS.

    Expenses $353,406 · Grants $353,406

As filed on the 2023 return.

Listed in Part VII

  • CHRISTIE POLLOCK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GERALD VANWIEREN

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JENA ZEERIP

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN BURNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HERMAN BECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA LANDHEER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL MADDOX

    DIRECTOR

    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202402979349300245

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