Civic Intelligence

Albion Community Foundation

990 • Fiscal year 2013 • EIN 23-7019029

Jan 01, 2013 to Dec 31, 2013 • Filed on May 01, 2014

Organization ProfileWWW.ALBIONFOUNDATION.ORG
203 S Superior49224

(517) 629-3349

Siviq Scores

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

Liabilities / Assets

29th percentile

0.08x

Higher debt load relative to assets than 29% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

41st percentile

0.17x

Higher debt load relative to revenue than 41% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

23rd percentile

$85,840

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$5,661,505

Up $694,846 (+14%) from 2012

Net Assets

Up

$5,219,244

Up $669,439 (+15%) from 2012

Liabilities

Up

$442,261

Up $25,407 (+6.1%) from 2012

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin87th percentile

Revenue

$2,549,326

No earlier filing loaded for comparison.

Expenses

Up

$1,572,819

Up $1,077,710 (+218%) from 2012

Net Income

$976,507

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

2013

Assets$5,661,505
Liabilities$442,261
Net Assets$5,219,244
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2013

Revenue$2,549,326
Expenses$1,572,819
Net Income$976,507
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 1, 2014
Return Version
2013v3.1
Gross Receipts
$10,683,445
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,360,285$4,607,594▲ $247,309
Cash and Non-Interest-Bearing Accounts$153,294$513,351▲ $360,057
Savings and Temporary Cash Investments$351,382$407,187▲ $55,805
Land, Buildings, and Equipment, Net$80,797$83,373▲ $2,576
Pledges and Grants Receivable$20,901$25,000▲ $4,099
Total Assets$4,966,659$5,661,505▲ $694,846
Other Assets Total-$25,000-
Liabilities
Escrow Account Liability$367,568$419,272▲ $51,704
Other Liabilities$19,920$18,194▼ $1,726
Grants Payable$15,250--
Accounts Payable and Accrued Expenses$14,116$4,795▼ $9,321
Total Liabilities$416,854$442,261▲ $25,407
Net Assets / Fund Balance
Unrestricted Net Assets$3,968,423$4,939,244▲ $970,821
Temporarily Rstr Net Assets$581,382$280,000▼ $301,382
Total Net Assets Fund Balance$4,549,805$5,219,244▲ $669,439
Total Liabilities and Net Assets / Fund Balance$4,966,659$5,661,505▲ $694,846

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,665$106,917$183,582
Equipment$1,708$18,112$19,820
Land$5,000-$5,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$4,037,370$452,844▲ $151,711-$4,208,483
2012$3,865,710$102,716▲ $368,408-$4,037,370
2011$4,116,922$116,357▼ $132,572-$3,865,710
2010$3,799,922$112,876▲ $488,048-$4,116,922
2009$3,250,431$121,640▲ $579,046-$3,799,922
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth ShultheissExecutive DiFT$84,232$1,608$85,840

Board Members and Trustees

NameTitle
Bernie Konkle JrPresident
Jeff BellTrustee
John C SheddTrustee
Joyce SpicerTrustee
Karen YankieTrustee
Marilyn HennonTrustee
Nancy RoushTrustee
Nidia WolfTrustee
Robert DunklinTrustee
Mandy DubielSecretary
Tom PittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,076,926
Program Service Revenue
$0
Investment Income
$464,199
Other Revenue
$8,201
All Other Contributions
$1,972,022
Change in Net Assets
$976,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,549,326
Revenue Not Reported on Form 990
$-306,662
Total Revenue per Audited Statements
$2,242,664
Total Revenue per Form 990
$2,549,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$828,184
Other Expenses$632,878
Salaries, Compensation, and Employee Benefits$111,757
Total Fundraising Expense$23,853
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$828,184--$828,184
Current Officers, Directors, Trustees, and Key Employees-$64,782$21,058$85,840
Office Expenses$7,313$10,140$916$18,369
Other Salaries and Wages$3,115$13,756-$16,871
Fees for Service Investment Mgmnt Fees-$14,946-$14,946
Fees for Services Accounting-$10,379-$10,379
Payroll Taxes$239$7,196$1,611$9,046
Depreciation Depletion-$8,815-$8,815
Insurance$4,415$3,765-$8,180
Occupancy-$5,582-$5,582
Information Technology-$4,733-$4,733
Travel$300$2,620-$2,920
Other Expenses$375$2,162$268$2,537
Advertising$409--$409
Conferences and Meetings$53--$53
Total Functional Expenses$1,398,785$150,181$23,853$1,572,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,573,225
Expenses per Audited Statements$1,572,819
Total Expenses per Form 990$1,572,819
Expenses Not Reported on Form 990$406
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-1359081-501c3Education$508,000
38-1574441-501c3Religious$76,750
38-2872792-501c3Religious Developmen$75,000
38-3580496-501c3Youth Programs$37,500
20-3483767-501c3Elderly Assistance$22,830
38-3476835-501c3Historic Preservatio$20,000
38-6000759-GovEducation$15,719
38-6004655-GovCommunity Developmen$9,665
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Payable$18,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 tax return is reviewed by the full board of trustees.”

Form 990, Page 6, Part VI, Line 12C

“Board members complete a form each january to ensure that the conflict of interest policy is effective.”

Form 990, Page 6, Part VI, Line 15A

“The salary of the executive director (the only full time employee of the community foundation) is determined by the board using the council of michigan foundations annual survey salary as a guide.”

Form 990, Page 6, Part VI, Line 19

“Annual financial statements are available to the public on the community foundations's website and in its published audit report. Governing documents and policies are available upon request.”

Filing and Contact Details

Filer

EIN
23-7019029
Phone
5176293349

Signing Officer

Name
Elizabeth Schultheiss
Title
Executive Director
Phone
5176293349
Signed
2014-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Schultheiss
Formed
1968
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
25

Preparer

Preparer
Patrick T Walz
Phone
5177898900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rental expenses 406 rental expenses -406”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The 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 rights to withdraw or otherwise redirect the use of those funds.”

Schedule D, Page 4, Part XI, Line 2D

“RENTAL EXPENSES 406”

Schedule D, Page 4, Part XII, Line 2D

“RENTAL EXPENSES 406”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0STRENGTHEN THE GREATER ALBION AREA BY CULTIVATING COMMUNITY ASSETS TO ENHANCE THE QUALITY OF LIFE.
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IRS990/PrincipalOfficerNm0ELIZABETH SCHULTHEISS
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt091662
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IRS990/PYTotalRevenueAmt0844046
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt019
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0351382
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0407187
IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0237316
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0125515
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt096228
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0566687
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IRS990ScheduleA/TotalSupportAmt02589153
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.94540
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0106917
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0418496
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151711
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt015615
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0116357
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IRS990ScheduleD/DonorAdvisedFundsGrantsAmt020803
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IRS990ScheduleD/OtherExpensesIncludedAmt0406
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT ANNUITY PAYABLE
IRS990ScheduleD/OtherRevenueAmt0406
IRS990ScheduleD/RevenueNotReportedAmt0-306662
IRS990ScheduleD/RevenueSubtotalAmt02549326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 RIGHTS TO WITHDRAW OR OTHERWISE REDIRECT THE USE OF THOSE FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 406
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 406
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,661,505
Liabilities
$442,261
Net assets
$5,219,244
Revenue
$2,549,326
Expenses
$1,572,819
Net income
$976,507
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