Civic Intelligence

Albion Community Foundation

990 • Fiscal year 2010 • EIN 23-7019029

Jan 01, 2010 to Dec 31, 2010 • Filed on Mar 09, 2011

203 S Superior - PO Box 15649224
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.09x

Higher debt load relative to assets than 43% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$4,578,287

No earlier filing loaded for comparison.

Net Assets

$4,178,980

No earlier filing loaded for comparison.

Liabilities

$399,307

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$341,542

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $4,578,287Liabilities 2010: $399,307Net Assets 2010: $4,178,9802010Assets 2011: $4,359,839Liabilities 2011: $385,305Net Assets 2011: $3,974,5342011Assets 2012: $4,966,659Liabilities 2012: $416,854Net Assets 2012: $4,549,8052012Assets 2013: $5,661,505Liabilities 2013: $442,261Net Assets 2013: $5,219,2442013Assets 2014: $5,012,428Liabilities 2014: $454,144Net Assets 2014: $4,558,2842014Assets 2015: $4,691,522Liabilities 2015: $408,908Net Assets 2015: $4,282,6142015Assets 2016: $4,812,070Liabilities 2016: $422,327Net Assets 2016: $4,389,7432016Assets 2017: $5,462,005Liabilities 2017: $477,761Net Assets 2017: $4,984,2442017Assets 2018: $4,969,379Liabilities 2018: $653,640Net Assets 2018: $4,315,7392018Assets 2019: $5,675,021Liabilities 2019: $740,796Net Assets 2019: $4,934,2252019Assets 2020: $6,015,398Liabilities 2020: $812,566Net Assets 2020: $5,202,8322020Assets 2021: $7,773,653Liabilities 2021: $882,463Net Assets 2021: $6,891,1902021Assets 2022: $6,024,694Liabilities 2022: $710,741Net Assets 2022: $5,313,9532022Assets 2023: $7,113,756Liabilities 2023: $793,466Net Assets 2023: $6,320,2902023Assets 2024: $8,326,158Liabilities 2024: $990,156Net Assets 2024: $7,336,0022024

Highlighted filing

2010

Assets$4,578,287
Liabilities$399,307
Net Assets$4,178,980

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $341,5422010Expenses 2011: $501,6392011Expenses 2012: $495,1092012Revenue 2013: $2,549,326Expenses 2013: $1,572,819Net Income 2013: $976,5072013Revenue 2014: $886,227Expenses 2014: $1,476,754Net Income 2014: -$590,5272014Revenue 2015: $426,230Expenses 2015: $521,582Net Income 2015: -$95,3522015Revenue 2016: $257,830Expenses 2016: $429,580Net Income 2016: -$171,7502016Revenue 2017: $471,850Expenses 2017: $306,387Net Income 2017: $165,4632017Revenue 2018: $576,324Expenses 2018: $389,373Net Income 2018: $186,9512018Revenue 2019: $422,766Expenses 2019: $411,271Net Income 2019: $11,4952019Revenue 2020: $462,580Expenses 2020: $394,221Net Income 2020: $68,3592020Revenue 2021: $2,455,766Expenses 2021: $943,686Net Income 2021: $1,512,0802021Revenue 2022: $1,377,787Expenses 2022: $1,984,380Net Income 2022: -$606,5932022Revenue 2023: $1,345,607Expenses 2023: $794,046Net Income 2023: $551,5612023Revenue 2024: $1,596,276Expenses 2024: $818,199Net Income 2024: $778,0772024

Highlighted filing

2010

Revenue-
Expenses$341,542
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Mar 9, 2011
Return Version
2010v3.2
Gross Receipts
$3,495,171
Mission and Program Overview

Mission

Strengthen the greater albion area by cultivating community assets to enhance the quality of life.

Filing and Contact Details

Filer

EIN
23-7019029
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE FOUNDATION HAS ENTERED INTO AGREEMENTS WITH OTHER ORGANIZATIONS TO RECEIVE, INVEST AND MANAGE CERTAIN OF THEIR FUNDS. IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 136, TRANSFERS OF ASSETS TO A NOT-FOR-PROFIT FOUNDATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS, THE FOUNDATION REPORTS A LIABILITY FOR THESE RESOURCES SINCE THE OTHER ORGANIZATIONS HAVE EITHER NAMED THEMSELVES AS BENEFICIARIES OR RETAINED THE UNILATERAL RIGHT TO WITHDRAW OR OTHERWISE REDIRECT THE USE OF THOSE FUNDS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT CHARITABLE ACTIVITIES IN THE GREATER ALBION, MICHIGAN AREA.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2THE FOUNDATION HAS EVALUATED THE PROVISIONS OF ASC TOPIC 740; THE EVALUATION WAS PERFORMED FOR THE YEARS 2007 THROUGH 2010, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2010. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS (UTBS; E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2010, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3RENTAL EXPENSES 8,435.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation4RENTAL EXPENSES 8,435.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier3PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART IV, LINE 2B:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference2PART X:
IRS990ScheduleD/GrantsPaidFromDonorFunds012505
IRS990ScheduleD/IncludedOnFS01
IRS990ScheduleD/Land/BookValue05000
IRS990ScheduleD/Land/OtherCostOrOtherBasis05000
IRS990ScheduleD/NetUnrealizedGainsInvestments0258630
IRS990ScheduleD/NetUnrealizedGLOnInvestments0258630
IRS990ScheduleD/NumberDAFsHeld09
IRS990ScheduleD/OtherExpensesIncluded08435
IRS990ScheduleD/OtherLiabilities/Amount022175
IRS990ScheduleD/OtherLiabilities/Description0GIFT ANNUITY PAYABLE
IRS990ScheduleD/OtherRevenues08435
IRS990ScheduleD/OtherSecurities/BookValue0612305
IRS990ScheduleD/OtherSecurities/Description0CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecurities/MethodOfValuation0F
IRS990ScheduleD/RevenueNotRptdF9900267065
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0470845
IRS990ScheduleD/TermEndowmentEOYBalance00.07140
IRS990ScheduleD/TotalAdjustments0258630
IRS990ScheduleD/TotalExpenses0341542
IRS990ScheduleD/TotalExpensesPerForm9900341542
IRS990ScheduleD/TotalOfAmounts022175
IRS990ScheduleD/TotalOfBookValueLandBuildings065025
IRS990ScheduleD/TotalOfBookValueSecurities0612305
IRS990ScheduleD/TotalRevenue0470845
IRS990ScheduleD/TotalRevenuePerForm9900470845
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0349977
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0737910
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE COMMUNITY FOUNDATION USES A POST PROJECT EVALUATION FORM FOR EACH GRANT PROJECT TO COMPARE OBJECTIVES AND BUDGETS FROM THE APPLICATION TO THE ACTUAL OUTCOMES.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10112 W CASS STREET
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine111418 COOPER STREET
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine12301 S SUPERIOR STREET
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine13315 GREEN STREET

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.33$0.99$7.34$1.60$0.82$0.78
2023Detailed filing. Detailed filing data is available for this year.$7.11$0.79$6.32$1.35$0.79$0.55
2022Detailed filing. Detailed filing data is available for this year.$6.02$0.71$5.31$1.38$1.98$0.61
2021Detailed filing. Detailed filing data is available for this year.$7.77$0.88$6.89$2.46$0.94$1.51
2020Detailed filing. Detailed filing data is available for this year.$6.02$0.81$5.20$0.46$0.39$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.68$0.74$4.93$0.42$0.41$0.01
2018Detailed filing. Detailed filing data is available for this year.$4.97$0.65$4.32$0.58$0.39$0.19
2017Detailed filing. Detailed filing data is available for this year.$5.46$0.48$4.98$0.47$0.31$0.17
2016Detailed filing. Detailed filing data is available for this year.$4.81$0.42$4.39$0.26$0.43$0.17
2015Detailed filing. Detailed filing data is available for this year.$4.69$0.41$4.28$0.43$0.52$0.10
2014Detailed filing. Detailed filing data is available for this year.$5.01$0.45$4.56$0.89$1.48$0.59
2013Detailed filing. Detailed filing data is available for this year.$5.66$0.44$5.22$2.55$1.57$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.42$4.55$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$0.39$3.97$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$0.40$4.18$0.34