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Nonprofiteer
← DEARBORN COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by DEARBORN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$3,099,914
Total expenses
$1,639,603
Contributions and grants received
$2,127,331
Grants paid
$1,192,754
Program service revenue
$0
Investment income
$916,861
Other revenue
$55,722
Total assets, end of year
$29,333,321
Total liabilities, end of year
$9,998,072
Net assets or fund balances, end of year
$19,335,249
Program services expenses (Part IX)
$1,437,211
Management and general expenses
$82,987
Fundraising expenses
$119,405
Program service expenses (Part III)
$1,437,211

Program services were 87.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $16,493

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,035,335

  • 1f · All other contributions, gifts and grants

    $1,075,503

  • 1g · Noncash contributions included above

    $5,918

  • 3 · Investment income

    total $864,825 · related or exempt $0 · unrelated business $0 · excluded $864,825

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $1,804,588 · other assets $0

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

    securities $1,752,552 · other assets $0

  • 7c · Gain or loss

    securities $52,036 · other assets $0

  • 7d · Net gain or loss

    total $52,036 · related or exempt $0 · unrelated business $0 · excluded $52,036

  • 8a · Fundraising events: gross income

    $17,460

  • 8a · Fundraising events: contributions included on line 1c

    $16,493

  • 8b · Fundraising events: direct expenses

    $25,814

  • 8c · Net income from fundraising events

    total -$8,354 · unrelated business $0 · excluded -$8,354

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue: Administrative Fee

    total $56,868 · related or exempt $56,868 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Change in Value of Split Interest Agreement

    total $7,208 · related or exempt $0 · unrelated business $0 · excluded $7,208

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $64,076

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $979,786 · program services $979,786

  • 2 · Grants to domestic individuals

    total $212,968 · program services $212,968

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $119,446 · program services $47,778 · management and general $11,945 · fundraising $59,723

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $118,352 · program services $72,677 · management and general $28,986 · fundraising $16,689

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

    total $9,327 · program services $5,203 · management and general $2,554 · fundraising $1,570

  • 10 · Payroll taxes

    total $17,540 · program services $7,016 · management and general $4,385 · fundraising $6,139

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $4,973 · program services $995 · management and general $1,492 · fundraising $2,486

  • 11c · Fees: accounting

    total $11,050 · program services $0 · management and general $11,050 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $76,279 · program services $76,279 · management and general $0 · fundraising $0

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $8,510 · program services $1,702 · management and general $1,702 · fundraising $5,106

  • 13 · Office expenses

    total $7,783 · program services $3,112 · management and general $1,559 · fundraising $3,112

  • 14 · Information technology

    total $17,805 · program services $7,122 · management and general $3,561 · fundraising $7,122

  • 15 · Royalties

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

  • 16 · Occupancy

    total $15,725 · program services $6,290 · management and general $4,718 · fundraising $4,717

  • 17 · Travel

    total $617 · program services $186 · management and general $123 · fundraising $308

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $1,018 · program services $305 · management and general $204 · fundraising $509

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $5,498 · program services $2,199 · management and general $1,650 · fundraising $1,649

  • 23 · Insurance

    total $5,005 · program services $1,251 · management and general $2,503 · fundraising $1,251

  • 24a · Other expenses: Printing

    total $8,760 · program services $3,504 · management and general $1,752 · fundraising $3,504

  • 24b · Other expenses: Donor Development

    total $1,848 · program services $0 · management and general $0 · fundraising $1,848

  • 24c · Other expenses: Scholarship Promotion/Admin

    total $5,981 · program services $5,981 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $11,332 · program services $2,857 · management and general $4,803 · fundraising $3,672

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,984 · end of year $6,955

  • 2 · Savings and temporary cash investments

    beginning of year $4,088,504 · end of year $4,687,987

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $148,954

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

    $143,296

  • 10c · Land, buildings and equipment, net

    beginning of year $11,156 · end of year $5,658

  • 11 · Investments: publicly traded securities

    beginning of year $20,803,141 · end of year $24,034,496

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $636,120 · end of year $598,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,876 · end of year $13,225

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $60,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $8,949,595 · end of year $9,888,766

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $39,748 · end of year $36,081

  • 27 · Net assets without donor restrictions

    beginning of year $2,159,634 · end of year $2,506,553

  • 28 · Net assets with donor restrictions

    beginning of year $14,384,052 · end of year $16,828,696

Mission and programs · 2023

Mission

The Dearborn Community Foundation, Inc. is a catalyst to connect people who care with causes that improve the quality of life in our community by advancing cultural, educational and social opportunities, while preserving our community's heritage and helping donors to create a permanent legacy in Dearborn County.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,437,211 · Grants $1,192,754

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Fred McCarter

    Executive Director

    Total calculated
    $120,046
    From this org
    $110,156
    From related orgs
    $0
    Other
    $9,890
    Hours/week
    40

  • Ed Gordon

    Chairperson

    Total calculated
    $0
    Hours/week
    3

  • Michael McLaughlin

    President

    Total calculated
    $0
    Hours/week
    3

  • Jon Strautman

    Vice-President

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Lisa Moorhead

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Bridget Davidson

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Becky Lyons

    Director

    Total calculated
    $0
    Hours/week
    2

  • James Stock

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeanne Lehn

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Hollenbeck

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ramzi Nuseibeh

    Director

    Total calculated
    $0
    Hours/week
    2

  • Larry Campbell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jan Tyler

    Director

    Total calculated
    $0
    Hours/week
    2

  • Linda Gellert

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dave Lusby

    Director

    Total calculated
    $0
    Hours/week
    2

  • Casey Finnegan

    Director

    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
2023
Filed
8 July 2024
IRS schema version
2023v5.0
Source object
202401909349300850

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

The source document this was parsed from is served over the API, which is where bulk and document access live.