Civic Intelligence

Fremont Area Community Foundation

990 • Fiscal year 2017 • EIN 38-1443367

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

4424 West 48th StreetFremont, MI 49412

(231) 924-5350

Siviq Scores

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

Liabilities / Assets

13th percentile

0.03x

Higher debt load relative to assets than 13% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.40x

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

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

83rd percentile

25%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

26th percentile

$299,442

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

46%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$236,675,471

Up $26,668,089 (+13%) from 2016

Net Assets

Up

$230,539,184

Up $25,871,524 (+13%) from 2016

Liabilities

Up

$6,136,287

Up $796,565 (+15%) from 2016

Revenue

Up

$15,160,109

Up $4,785,200 (+46%) from 2016

Expenses

Up

$11,300,211

Up $859,683 (+8.2%) from 2016

Net Income

Up

$3,859,898

Up $3,925,517 (+5982%) from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $178,395,545Liabilities 2010: $4,285,654Net Assets 2010: $174,109,8912010Assets 2011: $171,393,372Liabilities 2011: $4,825,531Net Assets 2011: $166,567,8412011Assets 2012: $188,096,543Liabilities 2012: $4,699,623Net Assets 2012: $183,396,9202012Assets 2013: $210,140,085Liabilities 2013: $4,002,022Net Assets 2013: $206,138,0632013Assets 2014: $213,019,604Liabilities 2014: $4,363,640Net Assets 2014: $208,655,9642014Assets 2015: $200,360,976Liabilities 2015: $4,777,839Net Assets 2015: $195,583,1372015Assets 2016: $210,007,382Liabilities 2016: $5,339,722Net Assets 2016: $204,667,6602016Assets 2017: $236,675,471Liabilities 2017: $6,136,287Net Assets 2017: $230,539,1842017Assets 2018: $214,005,010Liabilities 2018: $6,172,238Net Assets 2018: $207,832,7722018Assets 2019: $245,106,378Liabilities 2019: $6,442,701Net Assets 2019: $238,663,6772019Assets 2020: $260,806,891Liabilities 2020: $6,784,839Net Assets 2020: $254,022,0522020Assets 2021: $291,559,908Liabilities 2021: $6,189,977Net Assets 2021: $285,369,9312021Assets 2022: $241,936,076Liabilities 2022: $6,381,043Net Assets 2022: $235,555,0332022Assets 2023: $268,983,898Liabilities 2023: $4,983,850Net Assets 2023: $264,000,0482023Assets 2024: $306,738,307Liabilities 2024: $5,239,881Net Assets 2024: $301,498,4262024

Highlighted filing

2017

Assets$236,675,471
Liabilities$6,136,287
Net Assets$230,539,184

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $8,784,3082010Expenses 2011: $9,563,8082011Expenses 2012: $10,098,0572012Revenue 2013: $11,607,539Expenses 2013: $9,962,632Net Income 2013: $1,644,9072013Revenue 2014: $13,453,801Expenses 2014: $9,974,897Net Income 2014: $3,478,9042014Revenue 2015: $9,887,903Expenses 2015: $9,938,221Net Income 2015: -$50,3182015Revenue 2016: $10,374,909Expenses 2016: $10,440,528Net Income 2016: -$65,6192016Revenue 2017: $15,160,109Expenses 2017: $11,300,211Net Income 2017: $3,859,8982017Revenue 2018: $20,470,839Expenses 2018: $10,963,206Net Income 2018: $9,507,6332018Revenue 2019: $10,648,305Expenses 2019: $11,138,305Net Income 2019: -$490,0002019Revenue 2020: $7,394,082Expenses 2020: $11,843,812Net Income 2020: -$4,449,7302020Revenue 2021: $22,142,594Expenses 2021: $11,267,074Net Income 2021: $10,875,5202021Revenue 2022: $14,536,377Expenses 2022: $11,767,007Net Income 2022: $2,769,3702022Revenue 2023: $14,863,634Expenses 2023: $10,675,286Net Income 2023: $4,188,3482023Revenue 2024: $15,175,959Expenses 2024: $12,858,682Net Income 2024: $2,317,2772024

Highlighted filing

2017

Revenue$15,160,109
Expenses$11,300,211
Net Income$3,859,898
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.2
Gross Receipts
$24,702,289
Mission and Program Overview

Mission

To promote philanthropy through grants to nonprofit organizations providing charitable services that benefit the people of newaygo county and the surrounding area of western michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$203,569,848$229,586,451▲ $26,016,603
Savings and Temporary Cash Investments$2,450,918$2,779,982▲ $329,064
Pledges and Grants Receivable$1,754,804$2,239,435▲ $484,631
Land, Buildings, and Equipment, Net$1,405,468$1,351,281▼ $54,187
Investments Program Related$305,950$303,411▼ $2,539
Prepaid Expenses and Deferred Charges$53,149$79,452▲ $26,303
Cash and Non-Interest-Bearing Accounts$74,185$73,738▼ $447
Investments in Publicly Traded Securities$73,720$52,561▼ $21,159
Other Notes and Loans Receivable, Net$9,380$7,283▼ $2,097
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$210,007,382$236,675,471▲ $26,668,089
Other Assets Total$309,960$201,877▼ $108,083
Liabilities
Grants Payable$4,562,754$5,316,175▲ $753,421
Other Liabilities$398,564$411,113▲ $12,549
Accounts Payable and Accrued Expenses$378,404$408,999▲ $30,595
Total Liabilities$5,339,722$6,136,287▲ $796,565
Net Assets / Fund Balance
Unrestricted Net Assets$203,205,190$228,969,270▲ $25,764,080
Temporarily Rstr Net Assets$1,462,470$1,569,914▲ $107,444
Total Net Assets Fund Balance$204,667,660$230,539,184▲ $25,871,524
Total Liabilities and Net Assets / Fund Balance$210,007,382$236,675,471▲ $26,668,089

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,138,156$864,300$2,002,456
Equipment$60,733$565,471$626,204
Land$111,192-$111,192
Other Land Buildings$41,200-$41,200
Other Securities$229,586,451--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$199,275,192$2,270,713▲ $34,002,080$15,178$225,440,943
2016$190,522,126$2,184,128▲ $16,649,222$17,811$199,275,192
2015$203,828,853$1,873,797▼ $5,592,546$43,778$190,522,126
2014$201,602,347$6,013,939▲ $5,747,894$24,713$203,828,853
2013$179,311,418$1,517,855▲ $30,566,309$24,826$201,602,347
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President & CEOFT$213,449$85,993$299,442
-Vice President and Chief Financial OfficerFT$104,798$30,787$135,585
-Vice President and Chief Philanthrophy OfficerFT$107,809$16,707$124,516

Board Members and Trustees

NameTitle
-Chair
-Partial Year-vice Chair
-Vice Chair
-Trustee
-Partial Year-secretary
-Secretary
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fund Evaluation GroupInvestment ConsultantPO BOX 639176, Cincinnati, OH 45263-9176$162,700
Revenue and Support

Revenue Composition

Contributions and Grants
$3,061,085
Program Service Revenue
$177,029
Investment Income
$11,906,423
Other Revenue
$15,572
All Other Contributions
$2,799,345
Change in Net Assets
$3,859,898

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded22$420,477Market value
Other Non Cash Contri Table51$6,570Market value
Clothing and Household Goods-$5,795Market value
Other Non Cash Contri Table13$4,582Market value
Other Non Cash Contri Table14$2,661Market value
Other Non Cash Contri Table14$1,322Market value
Works of Art5$315Market value
Books and Publications-$30Market value
Total Noncash Contributions119$441,752-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,945,167
Revenue Not Reported on Financial Statements
$214,942
Revenue Not Reported on Form 990
$22,013,812
Other Revenue Adjustments
$214,942
Total Revenue per Audited Statements
$36,958,979
Total Revenue per Form 990
$15,160,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,849,717
Salaries, Compensation, and Employee Benefits$1,659,143
Other Expenses$791,351
Total Fundraising Expense$367,817
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,127,162--$8,127,162
Other Salaries and Wages$343,351$500,164$181,412$1,024,927
Grants to Domestic Individuals$722,555--$722,555
Current Officers, Directors, Trustees, and Key Employees$96,394$174,715$30,123$301,232
Other Employee Benefits$57,601$83,908$30,435$171,944
Fees for Service Investment Mgmnt Fees-$139,358-$139,358
Occupancy$29,046$62,428$15,378$106,852
Office Expenses$280$73,505$30,959$104,744
Depreciation Depletion-$98,140-$98,140
Payroll Taxes$28,826$41,991$15,231$86,048
Information Technology$13,553$62,984$5,110$81,647
Pension Plan Contributions$25,122$36,596$13,274$74,992
Fees for Services Other$21,600$28,390$0$49,990
Conferences and Meetings$8,902$25,376$2,578$36,856
Travel$9,697$8,531$8,432$26,660
Advertising$988$7,745$15,754$24,487
Fees for Services Accounting-$22,235-$22,235
Other Expenses$1,355$3,303$13,299$17,957
Fees for Services Legal-$6,679-$6,679
All Other Expenses$680$0$0$680
Insurance$1,024$-8,720$3,504$-4,192
Total Functional Expenses$9,517,787$1,414,607$367,817$11,300,211

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,311,655
Expenses per Audited Statements$11,300,211
Total Expenses per Form 990$11,300,211
Expenses Not Reported on Form 990$11,444
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TrueNorth Community ServicesFremont, MI501(c)(3)General Operating and Program Support; Operating and Program Support - Donor Designated; SAMRC Farmworker Appreciation Day 2016 ($.50/$1 match); Get Outside! Get Environmental! Go Green! G3 2016-2017; Hesperia After School Program 2017-2018; White Cloud After School Program 2017-2018; STEAMing Up Summer 2018 (Day Camp); Scholarship Program 2018; Newaygo County Services; Circles Newaygo County 2018; Volunteer Resource Center Impact 2018; Health and Community Solutions; Health and Community Solutions ($.50/$1 match); BRAINS Presentation; Parks in Focus$1,282,475
Eagle Village IncHersey, MI501(c)(3)General Operating Support; Scholarship Program 2017; DuBois Vocational Tech Center$1,011,783
Newaygo County Regional Educational Service AgencyFremont, MIGovt. UnitOperating and Program Support - Donor Designated; Education Mini-Grants 2016-2017 ; Education Mini-Grants 2017-2018; Education Mini-Grants 2017-2018 (Daycares); Education Mini-Grants 2017-2018 (Private Daycare); Filling the Early Childhood Education Gap; Parents as Teachers 2017; Early Literacy Initiative Year 2; Books for Newaygo County Literacy Project; Advanced & Accelerated Exploratory Classes 2017-2018; 2018-19 Advanced and Accelerated Services; Summer Autism Community and Peer Engagement; Summer Autism Enrichment; Sensory Equipment; Student Specific iPad; Tool Chest; Tool for Enterprise Wood Product; Summer Internship 2018; Business Leaders of Tomorrow; Community Outreach Learning Program; WE CAN! Newaygo County; FIRST "More Than Robots"$498,626
Fremont Public SchoolsFremont, MIGovt. UnitProgram and Curriculum Support; Education Mini-Grants 2017-2018; Beaver Island Group 2016; Beaver Island Group 2017; Beaver Island Group 2018; Close Up 2017; Close Up 2018; General Operating and Program Support; After School Program 2017-2018; Guest Speaker "March is Reading Month"; Drawing Helps Reading and Writing; Gifted Programming/"Escape"/Live Laugh Love; Quest High School - Career Coach; Support Wrestling Camp; Best of Belize 2018; MACUL Conference 2018; Wrestling Camperships; Literacy for Success; Fremont Rainforest Group 2018; High School Girls Softball Program$364,507
Arts Center for Newaygo CountyFremont, MI501(c)(3)Operating and Program Support - Donor Designated; General Operating Support; General Operating and Program Support 2016 - 2017 ($.50/$1 match); Dogwood Center Operating and Program Support; Dogwood Operating & Program Support ($.50/$1 match)$354,963
Newaygo County Council for the ArtsFremont, MI501(c)(3)General Operating Support; Operating and Program Support 2018-2019; Operating and Program Support 2018-2019 ($.50/$1 match); Operating and Program Support - Donor Designated; Operating and Program Support - Donor Advised; December 2016 Staff/Trustee Match; Grand Rapids Symphony 2018-2019; Inspire - Art Experiences for Newaygo County Teens; Photography Classes; Positive Impact Through the Arts (PITA)$347,265
County of Newaygo Office of AdministrationWhite Cloud, MIGovt. UnitRecycling Services; Camping Cabins - Stage II (Year 3 of 3); Recycling Services; Land Use Educator 2017-2020; Camping Cabins for NC Parks Stage III$343,780
Love In the Name of Christ - Newaygo CountyGrant, MI501(c)(3)General Operating and Program Support; Operating and Program Support - Donor Designated; Operating and program support - Donor Advised; Assistance to the Poor; 2018 Poverty to Prosperity Family Assistance ($.50/$1 match); 2018 Poverty to Prosperity Family Assistance$232,988
Newaygo County Area Promise Zone AuthorityFremont, MIGovt. UnitGeneral Operating Support; Promise Zone Scholarships$179,196
Fremont Area District LibraryFremont, MIGovt. UnitOperating and Program Support - Donor Designated; Board/Staff Match September 2017; Circulating Materials 2016; General Operating and Program Support; December 2016 Staff/Trustee Match; 2017 Summer Reading Program; Circulating Materials 2018-2019$156,861
Spectrum Health Gerber MemorialFremont, MI501(c)(3)General Operating and Program Support; Operating and Program Support - Donor Designated$143,500
Newaygo County Museum and Heritage CenterNewaygo, MI501(c)(3)Operating and Program Support - Donor Designated; Newaygo County Museum Looks to the Future; Architect for Renovations; Community Inspired 2018; Community Inspired 2018 ($.50/$1match)$140,880
Newaygo County Commission on AgingWhite Cloud, MIGovt. UnitOperating and Program Support - Donor Designated; Assistance to the Poor; Alzheimer's/Dementia Congregate Respite/Day Activity Group; White Pine Adult Day Group; Bus Access Transportation; Bus Access Transportation ($.50/$1 match); Homemaker Program; Homemaker Program ($.50/$1match); ; Steamer Oven$134,726
Newaygo Public SchoolsNewaygo, MIGovt. UnitAfter School Program 2017-2018; Education Mini-Grants 2017-2018; 2017 Teacher Micro Grants; Best of Belize 2018; Project 180; The Literacy Triangle - Reading, Writing & Illustrating; SolidWorks; Howard Christensen Nature Center$133,100
Newaygo County Council for the Prevention of Child Abuse & NeglectWhite Cloud, MI501(c)(3)Operating and Program Support - Donor Designated; General Operating Support ($.50/$1 match); 2017 Operational and Matching Grant; 2017 Operational & Matching Grant ($.50/$1 match); Summer Programs 2018; Materials for Summer Program; Parent Education Initiative Grant; NC3 Parent Education Initiative Grant; Safe Sleep Pack and Plays$123,942
Center for Nonprofit Housing a TrueNorth Community ServiceFremont, MI501(c)(3)Housing Assistance Programs; General Operating and Program Support; TrueNorth Center for Nonprofit Housing$107,065
Grant Public SchoolsGrant, MIGovt. UnitAfter School Program 2015-2016; Education Mini-Grants 2016-2017; Education Mini-Grants 2017-2018; After School Program 2016-2017; After School Program 2017-2018; Close Up 2017; Equipment; Totem Pole/Memorial Gardens$104,023
The Right Place FoundationGrand Rapids, MI501(c)(3)NCEDO-Right Place, Inc. Collaboration; Regional Recration Trail Connectivity Strategy; Lake County Economic Development Alliance Advanced Capacity; Economic Development in Lake County; Newaygo County Dashboard$99,500
Women's Information Service IncBig Rapids, MI501(c)(3)Transportation Services; Domestic Violence and Sexual Assault Support Services; Women's Night Out; Community Education Series; ACT: Adults and Children Together$93,098
Second Christian Reformed ChurchFremont, MI501(c)(3)Operating and Program Support - Donor Designated; Faith Promise Fund; Fremont Friendship Ministries Special Events; Fremont Friendship Ministries Special Events ($.50/$1 match); Used Car Ministry of the Fremont Service Comnmittee; Used Car Ministry of the Fremont Service ($.50/$1 match)$92,894
Baldwin Family Health CareBaldwin, MI501(c)(3)In-Home Respite Program; Grant Health Center Dental Operatory$88,725
Feeding America West Michigan Food BankComstock Park, MI501(c)(3)Love In the Name of Christ - Newaygo County Food Pantry; Newaygo County Mobile Food Pantry; Fixed Site Pantries & Other Feeding Programs; 3/1 Underwriting for Newaygo County Mobile Pantries$85,641
Newaygo County Compassion Home for the Terminally IllFremont, MI501(c)(3)General Operating Support; General Operating Support ($.50/$1 match)$85,000
Catholic Charities West MichiganGrand Rapids, MI501(c)(3)Counseling Program- Newaygo County and Vera House; Foster Grandparent Program; Senior Corps-Foster Grandparents$78,760
City of FremontFremont, MIGovt. UnitAdditions to Patio in Arboretum Park; Bridge in Branstrom Park; Beautification Projects & Maintenance of Downtown District; Enhancements to Arboretum Park; Students in Need of Eye Care; Park Maintenance$71,328
Baldwin Promise AuthorityBaldwin, MIGovt. UnitGeneral Operating Support; 2018 Michigan College Tour; Operating and Program Support - Donor Designated$69,202
City of Big RapidsBig Rapids, MIGovt. UnitSwede Hill Park/Riverwalk Improvements; Trout Stocking in Muskegon River; Complete Riverwalk Staging Area$66,000
Terry Wantz Historical Research CenterFremont, MI501(c)(3)From Paper to Cloud: Digitizing Project$66,000
White Cloud Community LibraryWhite Cloud, MIGovt. UnitOperating and Program Support - Donor Designated; 2017 Summer Reading Program; Summer Reading 2018; Circulating Materials 2018-2019$64,500
Insight Pregnancy ServicesNewaygo, MI501(c)(3)General Operating Support; Operating and Program Support - Donor Designated; General Support for Alpha Family Center; Branding and Marketing a New Vision; Client Services; Assistance to the Poor; December 2016 Staff/Trustee Match; June 2017 Board/Staff Match; Board Staff Match$59,236
Fremont Area Community FoundationFremont, MI501(c)(3)Graduation Awards; Workforce Development Task Force; iEval After School Evaluation; Veteran's Leadership Forum; Market Livestock Auction; Ready-to-Work Awards; Board/Staff Match ($1/$1); Memorial Match ($1/$1 match); Aiming for Excellence Loan Forgiveness - Erin Blackwell VanMaanen; Aiming for Excellence Loan Forgiveness - Abigail Davis$56,963
Hesperia Community LibraryHesperia, MIGovt. UnitGeneral Operating and Program Support; December 2016 Staff/Trustee Match; Summer Reading Program 2017; Circulating Materials 2018-2019$54,800
Newaygo Area District LibraryNewaygo, MIGovt. UnitFurnish "Middle Zone" Tween Area; Donor Recognition Wall; December 2016 Staff/Trustee Match; August 2017 Staff/Trustee Match; Summer Reading 2018; Circulating Materials 2018-2019$53,600
Disability Network WestMichiganMuskegon, MI501(c)(3)Advocacy, Empowerment, Accessibility, Education$44,385
Habitat for Humanity of Newaygo CountyFremont, MI501(c)(3)Operating and Program Support - Donor Designated; Operating and Program Support - Donor Advised; 2017-2018 Matching Grant ($.50/$1 ReStore match); Housing Assistance; General Operating Support$42,587
Croton Township LibraryNewaygo, MIGovt. UnitSummer Reading 2018; Circulating Materials 2018-2019; Summer Reading Program 2017; Shelving$41,970
St Bartholomew ChurchNewaygo, MI501(c)(3)General Operating and Program Support$41,655
Grant Area District LibraryGrant, MIGovt. UnitSummer Reading 2018; Circulating Materials 2018-2019$40,550
Muskegon River Watershed Assembly Ferris State UniversityBig Rapids, MI501(c)(3)General Operating and Program Support$40,000
Hospice of MichiganAda, MI501(c)(3)General Operating and Program Support; Operating and Program Support - Donor Designated; Grief Support Program$36,964
White Cloud Public SchoolsWhite Cloud, MIGovt. UnitQuiet Time: Transcendental Meditation Program; Camper Scholarships; Education Mini-Grants 2017-2018; Best of Belize 2018$36,579
West Michigan Trails and Greenways CoalitionComstock Park, MI501(c)(3)White Pine Trail Year 1 of 2$35,000
Avow Hospice IncNaples, FL501(c)(3)General Operating Support$34,879
Fremont Christian SchoolFremont, MI501(c)(3)General Operating and Program Support; December 2016 Staff/Trustee Match; Support Music Department; Building Expansion Fund; Board/Staff Match$33,292
Altarum InstitueCincinnati, OH501(c)(3)Veterans Assessment$28,000
Classis Muskegon MinistriesMuskegon, MI501(c)(3)Fremont Service Committee Used Car Ministry ($.50/$1 match); Operating and Program Support - Donor Designated; Operating and program support - Donor Advised; Fremont Service Committee Used Car Ministry$27,831
Indiana State University FoundationTerre Haute, IN501(c)(3)Support Norma Henerberg Purvis Education Scholarship$25,000
Newaygo Nationals AssociationNewaygo, MI501(c)(3)2017 Capacity Expansion Project$25,000
American Red CrossGrand Rapids, MI501(c)(3)Operating and Program Support- Donor Designated; Prepare, Respond, Recover: Disaster Services ($.50/$1 match); American Red Cross Disaster Services ($.50/$1 match)$24,969
St Mark's Episcopal ChurchNewaygo, MI501(c)(3)General Operating Support of Vera's House; Women In Transition (WIT) and Project Illuminate (PI)$24,775
Ronald McDonald House of Western MichiganGrand Rapids, MI501(c)(3)2018 Family Support Program$22,500
St Mary's Elementary SchoolBig Rapids, MI501(c)(3)General Operating and Program Support; Robotics Program; GaGa Ball Pit$21,400
Shelter for Abused Women & Children IncNaples, FL501(c)(3)General Operating Support$20,927
United Way of the LakeshoreMuskegon, MI501(c)(3)Community Resource Development; December 2016 Staff/Trustee Match$20,350
Camp HenryNewaygo, MI501(c)(3)Scholarship Program 2018$20,000
Circles USAMarshall, MN501(c)(3)Cliff Effect Research; Mitigate Cliff Effect$20,000
Northern Economic Initiatives CorporationMarquette, MI501(c)(3)Enhanced Business Planning Assistance to Start & Grow Small Business$20,000
Family of God Community ChurchNewaygo, MI501(c)(3)Hope 101 Transitional Housing$19,500
Hesperia Community SchoolsHesperia, MIGovt. UnitGeneral Operating Support; Repairs to the Athletic Field Complex; Strategic Plan Phase 2; Summer STEAM Day Camp; 5th Annual Volley Against Violence ($.50/$1 match); Volley Against Violence 2017 ($.50/$1 match); Education Mini-Grants 2016-2017; Education Mini-Grants 2017-2018$17,414
Reeman Christian Reformed ChurchFremont, MI501(c)(3)Operating and Program Support - Donor Designated; Wellspring Adult Day Services$17,250
St Peter's Evangelical Lutheran ChurchBig Rapids, MI501(c)(3)Projection System Upgrade$16,000
Land Conservancy of West MichiganGrand Rapids, MI501(c)(3)Pere Marquette Wild$15,000
First Congregational ChurchFremont, MI501(c)(3)Operating and Program Support - Donor Designated; December 2016 Staff/Trustee Match; General Operating Support$14,539
Solid Ice Inc co Robert BoyceBig Rapids, MI501(c)(3)General Operating Support$14,300
First Christian Reformed ChurchFremont, MI501(c)(3)Evangelism Fund; General Operating and Program Support$14,000
Naples United Church of Christ IncNaples, FL501(c)(3)General Operating Support$13,951
President Ford Field ServiceGrand Rapids, MI501(c)(3)2017 Scholarship Program; Scholarship Program 2018$13,925
Muskegon YMCAMuskegon, MI501(c)(3)YMCA Camp Pendalouan Newaygo County Schools Campership Program; Scholarship Program 2018$12,488
Evart Downtown Development AuthorityEvart, MIGovt. UnitCommunity Sound System Upgrade; Summer Concert Series$12,450
Our Brothers Keeper ShelterBig Rapids, MI501(c)(3)Operating and Program Support - Donor Designated; Nonprofit sustainability$12,100
Croton TownshipNewaygo, MIGovt. UnitSummer Recreation Program ($.50/$1 match); Summer Recreation Program$12,000
Reed City Area Ministerial AssociationReed City, MI501(c)(3)Food Pantry Support$12,000
Marion Public SchoolsMarion, MIGovt. UnitElementary Playground Improvement; Be-a-Santa; Education Mini-Grants 2017-2018$11,113
Friendship City ProgramFremont, MI501(c)(3)Friendship City Exchange Program; Fremont/Yahaba Exchange Program 2017-2018$11,000
The Salvation ArmyBig Rapids, MI501(c)(3)General Operating Support; Mecosta-Osceola Tools for Schools; Pathways to Success$10,900
Rose Lake Youth CampLeRoy, MI501(c)(3)General Operating Support; Scholarship Program 2017; 2017 Camp Scholarships & Breakfast Bar Improvements; Support 3 Lake County Youth$10,765
Bethany Christian ServicesFremont, MI501(c)(3)Operating and Program Support - Donor Designated; Adoption Support; Program for Disadvantaged Youth in NC; Foster Care Adoption Program$10,550
County of OsceolaReed City, MIGovt. UnitRescue Task Force Equipment$10,000
Covenant Presbyterian ChurchTustin, MI501(c)(3)Weekend Supplemental Food Program$10,000
Junior Achievement of the Michigan Great LakesGrand Rapids, MI501(c)(3)Empowering Economic Success$10,000
Mary Free Bed Rehabilitation HospitalGrand Rapids, MI501(c)(3)Outpatient Pediatric Program$10,000
River Country Chamber of Commerce of Newaygo CountyNewaygo, MI501(c)(6)Community Engagement Events$10,000
Fremont Area Chamber of CommerceFremont, MI501(c)(6)Community Engagement Events$9,750
Blue Lake Fine Arts CampTwin Lake, MI501(c)(3)Scholarship Program 2017; Support 1 Lake County Youth (Camp Bernstein); Scholarship Program 2018$9,195
Village of BaldwinBaldwin, MIGovt. UnitSummer Concert Series; World's Largest Brown Trout$8,584
Association for the Blind & Visually ImpairedGrand Rapids, MI501(c)(3)Low Vision Rehabilitation Services$8,000
Back to God Ministries InternationalPalos Heights, IL501(c)(3)General Operating Support$8,000
West Michigan SymphonyMuskegon, MI501(c)(3)Link Up$8,000
Osceola County Commission on AgingEvart, MIGovt. UnitMarion Senior Center$7,994
St Ann-St Ignatius Catholic ChurchBaldwin, MI501(c)(3)Food Pantry & Religious Education; Houses to Homes$7,800
Village of Marion - M Alice Chapin Memorial LibraryMarion, MIGovt. UnitEducation Mini-Grants 2017-2018; Library Technology Project$7,700
Spectrum Health Foundation Big Rapids & Reed City HospitalsBig Rapids, MI501(c)(3)Patient Transportation Assistance; Flu Vaccination Project$7,450
The ArcNewaygo CountyFremont, MI501(c)(3)Camp Ability 2017; Camp Ability 2018$7,432
Michigan 4-H Foundation Justin S Morrill Hall of AgricultureEast Lansing, MI501(c)(3)Messy Science at Kettunen Center$7,400
Angels of ActionBig Rapids, MI501(c)(3)Peanut Butter and Jelly Distribution; General Operating Support$7,210
St Michael ChurchFremont, MI501(c)(3)General Operating Support; Religious Education of Youth$6,700
Cadillac Area Community FoundationCadillac, MI501(c)(3)Imagination Library$6,500
County of LakeBaldwin, MIGovt. UnitSheriff Department Dive Team Equipment; Ballistic Vests; Animal Control Kennel Window Replacement$6,452
Baldwin Community SchoolsBaldwin, MIGovt. UnitLake County Sheriff's Office Adopt A Door Program; First Robotics Team; Martin Luther King Day; Playing With Music$6,425
Echo Youth ProgramsEl Dorado, AR501(c)(3)Echo Nation$6,000
Project StarburstBig Rapids, MI501(c)(3)General Operating Support; Pantry food storage update; Pantry Upgrade$6,000
Share FoundationEl Dorado, AR501(c)(3)Echo Nation 2017$6,000
World RenewGrand Rapids, MI501(c)(3)Disaster Response$6,000
Newaygo County Economic Development OfficeFremont, MI501(c)(3)Michigan Citizen Planner Education$5,900
Lake County Historical SocietyBaldwin, MI501(c)(3)General Operating Support; Technology-Network Computers$5,640
Planned Parenthood of Michigan Development DepartmentAnn Arbor, MI501(c)(3)Reproductive Health Care Services$5,622
Lilley TownshipBitely, MIGovt. UnitSkid Unit$5,600
City of White CloudWhite Cloud, MIGovt. UnitElectrical Power Upgrade; Purple Heart Pow Wow; 2017 Trail Town Days Sponsor$5,568
Newaygo First RespondersNewaygo, MI501(c)(3)Repair First Responder Apparatus$5,469
Trinity Christian Reformed ChurchFremont, MI501(c)(3)Program Support; "Go Local" Community Outreach$5,400
St Peter's Lutheran SchoolBig Rapids, MI501(c)(3)Tuition Assistance; Reading Circle$5,140
Caribbean Christian Centre for the Deaf IncLewisburg, WV501(c)(3)General Operating Support$5,000
Conservation Resource AllianceTraverse City, MI501(c)(3)Stabilizing Pere Marquette Railroad Embankment$5,000
Lake County Area Churches CharitiesBaldwin, MI501(c)(3)Food Pantry Support$5,000
Little Manistee Watershed Conservation CouncilIrons, MI501(c)(3)Management Plan Education Materials$5,000
Pine River Watershed Enhancement FundTustin, MI501(c)(3)Fish Habitat & Bluff Stabilization$5,000
Reed City Area District LibraryReed City, MI501(c)(3)Summer Reading Program 2017$5,000
Michigan State University Office of Financial AidEast Lansing, MI501(c)(3)General Operating Support; Integrated Soil and Weed Management in Snap Beans$4,895
Ferris State UniversityBig Rapids, MI501(c)(3)Horticulture Related Scholarships; Subsidize Skating Fees for All Children$3,200
Calvin College Financial ServicesGrand Rapids, MI501(c)(3)Support Newaygo County Higher Education Scholarship$1,000
Grand Valley State UniversityAllendale, MI501(c)(3)General Operating Support for Grand Valley Public Radio$500
Hope CollegeHolland, MI501(c)(3)Hope-Newaygo County Youth Address Low Post-Graduation Problem in Newaygo County$-209
Western Michigan University Cashiering OfficeKalamazoo, MIGovt. UnitHealthcare and Human Services Pipeline$-2,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,533
Fundraising Gross Income$19,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction-LCCF$16,733$9,494$1,171$8,323
Auction-OCCF$39,316$9,090$2,246$6,844
Total Events$57,446$19,981$30,533$-10,552
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities-trusts$274,433
Charitable Gift Annuities$136,680
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The foundation is organizied in corporate form comprised of members. Members serve in their capacity due to the specific positions that they hold within the community such as school superintendents, judges, mayors, cpa, etc. The members meet annually and elect the board of trustees to their positions.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Members serve in their capacity due to the specific positions that they hold within the community such as school superintendent, judge, mayor, cpa, lawyer, elected official, etc. There is only one class of members. The members elect the board of trustees and approve amendments to the bylaws.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The 990 filing is prepared by the finance department and provided to manangement and a tax accountant to review before filing. A copy of the 990 is presented to the board and audit committee prior to filing by e-mail, hard copy by mail, or by online board portal. The 990 is not always discussed at a meeting depending on the timing of the completion of the 990. The board is provided with a timeline for comments and questions, after which comments or corrections noted by the board are considered prior to filing the 990. The audit committee approves the 990 at a meeting before it is filed with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The written policy regarding conflict of interest and duality of interest is shared with each board and committee member annually. Each board/committee member is requested to disclose potential conflict/duality of interest on the conflict/duality of interest disclosure form which is updated on an annual basis. Board/committee members are requested to disclose conflict/duality of interest during any board or committee meeting. After such disclosure the interested party shall leave the board/committee meeting while the disinterested parties deliberate and take action on the proposal.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Staff collects data from local, regional and national surveys of similar organizations for positions comparable to the key positions as well as economic data relevant to the area and presents it to the executive committee of the board. The executive committee acts on recommendations of the ceo for other key staff positions but deliberates within itself to establish the compensation for the president and ceo. The committee documents the process in their meeting minutes. Compensation for the ceo is reviewed annually on the ceo's anniversary date.

Form 990, Part VI, Line 19 Required documents available to the public

The community foundation makes statements on its website that financial statements, form 1023, form 990 and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Fremont Area Community Foundation
EIN
38-1443367
Phone
2319245350
Address
4424 WEST 48TH STREET, FREMONT, MI 49412

Signing Officer

Name
Carla a Roberts
Title
President and CEO
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
1951
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
20
Volunteers
200

Preparer

Firm
Rehmann Robson LLC
Address
2330 East Paris Ave SE PO Box 6547, Grand Rapids, MI 49516-6547
Preparer
Kerry Nelson CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 481,044 including grants of $ 447,280) COMMUNITY & ECONOMIC DEVELOPMENT: TO REDUCE AND MAINTAIN THE UNEMPLOYMENT RATE BELOW THE NATIONAL AVERAGE WHILE PRESERVING OUR RURAL CHARACTER IN NEWAYGO COUNTY, MICHIGAN AND THE SURROUNDING AREA OF WESTERN MICHIGAN. INCLUDES THE ADMINISTRATION AND DISTRIBUTION OF FUNDS FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE WORKFORCE, SMALL BUSINESS AND ENTREPRENEURSHIP DEVELOPMENT DESIGNED TO HIRE UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF NEWAYGO COUNTY, MICHIGAN; INCREASE CAPACTIY OF LOCAL COMMUNITY AND ECONOMIC DEVELOPMENT PARTNERS; NATURAL RESOURCES PRMOTION AND UTILIZATION.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

CHANGE IN VAULE OF SPLIT INTEREST AGREEMENTS - 94829; Donated catering - -864; Donated supplies - -1322;

Form 990, Part XII, Line 2B

The organization's financial statements were audited by an independent accountant on a consolidated basis only. The organization has an audit committee that assumes responsibility for the oversight of the audit and the selection of an independent accountant. The process has not changed from prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

To make grants from the endowment funds to charitable organizations that provide services and benefits consistent with the community foundation's mission to improve the lives of the citizens of newaygo county, michigan and the nearby areas of western michigan.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The internal revenue service("irs") has ruled that the community foundation and its supporting organizations are public charities as described in sections 509(a)(1), 509(a)(3), and 170(b)(1)(a)(vi) of the internal revenue code. Consequently, the community foundation is exempt from federal and state income taxes. The community foundation and its supporting organizations analyze its income tax filing positions in federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax postions. The community foundation and its supporting organizations treat interest and penalties attributable to income taxes, and reflects any charges for such, to the extent they arise, as a component of its mangement and general expenses. The community foundation has evaluated its income tax filing postions for the fiscal years 2014 through 2017, the years which remain subject to examination as of december 31, 2017. The community foundation and its supporting organizations concluded that there are no significant uncertain tax positions requiring recognition in the community foundation and its supporting organizations' combined financial statements. The community foundation and its supporting organizations do not expect the total amount of unrecognized tax benefits ("utb") (e.g. Tax deductions, exclusions,or credits claimed or expected to be claimed) to significantly change in the next twelve months. The community foundation and its supporting organizations do not have any amounts accrued for interest and penalties related to utb at december 31, 2017 or 2016, and are not aware of any claims for such amounts by federal or state income tax authorities.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in value of split interest agreements - 94829

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Grants from supporting organization - 224200 Fundraising expenses reported on part VII, line 8B - -30533 noncash gifts to fundraising events - 21275

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

portion of fundraising expenses reported on part VII, line 8B - 11444

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PARTIAL YEAR-SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5PARTIAL YEAR-VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT AND CHIEF PHILANTHROPHY OFFICER
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0CARLA A ROBERTS
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$307$5.24$301$15.2$12.9$2.32
2023Detailed filing. Detailed filing data is available for this year.$269$4.98$264$14.9$10.7$4.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$242$6.38$236$14.5$11.8$2.77
2021Detailed filing. Detailed filing data is available for this year.$292$6.19$285$22.1$11.3$10.9
2020Detailed filing. Detailed filing data is available for this year.$261$6.78$254$7.39$11.8$4.45
2019Detailed filing. Detailed filing data is available for this year.$245$6.44$239$10.6$11.1$0.49
2018Detailed filing. Detailed filing data is available for this year.$214$6.17$208$20.5$11.0$9.51
2017Detailed filing. Detailed filing data is available for this year.$237$6.14$231$15.2$11.3$3.86
2016Detailed filing. Detailed filing data is available for this year.$210$5.34$205$10.4$10.4$0.07
2015Detailed filing. Detailed filing data is available for this year.$200$4.78$196$9.89$9.94$0.05
2014Detailed filing. Detailed filing data is available for this year.$213$4.36$209$13.5$9.97$3.48
2013Detailed filing. Detailed filing data is available for this year.$210$4.00$206$11.6$9.96$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$188$4.70$183$10.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$4.83$167$9.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$4.29$174$8.78