Civic Intelligence

Fremont Area Community Foundation

990 • Fiscal year 2021 • EIN 38-1443367

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

4424 West 48th StreetFremont, MI 49412-8721

(231) 924-5350

Siviq Scores

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

Liabilities / Assets

10th percentile

0.02x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.28x

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

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

7th percentile

$223,167

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

48th percentile

12%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

199%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$291,559,908

Up $30,753,017 (+12%) from 2020

Net Assets

Up

$285,369,931

Up $31,347,879 (+12%) from 2020

Liabilities

Down

$6,189,977

Down $594,862 (-8.8%) from 2020

Revenue

Up

$22,142,594

Up $14,748,512 (+199%) from 2020

Expenses

Down

$11,267,074

Down $576,738 (-4.9%) from 2020

Net Income

Up

$10,875,520

Up $15,325,250 (+344%) from 2020

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

2021

Assets$291,559,908
Liabilities$6,189,977
Net Assets$285,369,931

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

2021

Revenue$22,142,594
Expenses$11,267,074
Net Income$10,875,520
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$27,700,258
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$248,283,744$278,947,756▲ $30,664,012
Savings and Temporary Cash Investments$6,352,708$5,995,630▼ $357,078
Pledges and Grants Receivable$3,842,322$4,012,774▲ $170,452
Land, Buildings, and Equipment, Net$1,146,622$1,064,813▼ $81,809
Investments Program Related$949,387$850,493▼ $98,894
Cash and Non-Interest-Bearing Accounts$15,221$457,360▲ $442,139
Investments in Publicly Traded Securities$36,391$45,504▲ $9,113
Prepaid Expenses and Deferred Charges$47,925$38,896▼ $9,029
Other Notes and Loans Receivable, Net$200$0▼ $200
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$260,806,891$291,559,908▲ $30,753,017
Other Assets Total$132,371$146,682▲ $14,311
Liabilities
Grants Payable$5,957,182$5,206,310▼ $750,872
Accounts Payable and Accrued Expenses$409,925$550,152▲ $140,227
Other Liabilities$417,732$433,515▲ $15,783
Total Liabilities$6,784,839$6,189,977▼ $594,862
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$252,257,265$283,084,980▲ $30,827,715
Net Assets With Donor Restrictions$1,764,787$2,284,951▲ $520,164
Total Net Assets Fund Balance$254,022,052$285,369,931▲ $31,347,879
Total Liabilities and Net Assets / Fund Balance$260,806,891$291,559,908▲ $30,753,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$867,201$1,170,183$2,037,384
Equipment$45,220$595,210$640,430
Land$111,192-$111,192
Other Land Buildings$41,200-$41,200
Other Securities$278,947,756--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$248,794,987$2,355,765▲ $38,435,850$16,729$279,703,224
2020$232,808,721$2,504,049▲ $23,831,881$20,042$248,794,987
2019$202,695,174$1,347,265▲ $38,621,161$25,301$232,808,721
2018$225,440,943$3,969,278▼ $17,122,175$9,400$202,695,174
2017$199,275,192$2,270,713▲ $34,002,080$15,178$225,440,943
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President & CEO Retired 10/1/2021FT$196,338$26,829$223,167
-Vice President and Chief Financial OfficerFT$118,551$37,047$155,598
-Vice President and Chief Philanthropy OfficerFT$110,946$29,509$140,455
-President and CEO Hired 9/27/2021FT$43,346$2,253$45,599

Board Members and Trustees

NameTitle
-Chair
-Vice Chair
-Trustee
-Trustee Part Year
-Trustee Part-year
-Secretary
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fund Evaluation GroupInvestment ConsultantPO BOX 639176, Cincinnati, OH 45263-9176$180,815
Revenue and Support

Revenue Composition

Contributions and Grants
$2,433,180
Program Service Revenue
$204,749
Investment Income
$19,503,100
Other Revenue
$1,565
All Other Contributions
$2,204,580
Change in Net Assets
$10,875,520

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded42$524,549Market value
Total Noncash Contributions42$524,549-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,853,994
Revenue Not Reported on Financial Statements
$288,600
Revenue Not Reported on Form 990
$20,014,499
Other Revenue Adjustments
$288,600
Total Revenue per Audited Statements
$41,868,493
Total Revenue per Form 990
$22,142,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,012,159
Salaries, Compensation, and Employee Benefits$1,990,763
Other Expenses$1,264,152
Total Fundraising Expense$380,207
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,414,452--$7,414,452
Other Salaries and Wages$307,821$723,270$193,337$1,224,428
Grants to Domestic Individuals$597,707--$597,707
Current Officers, Directors, Trustees, and Key Employees$29,569$236,551$29,569$295,689
Other Employee Benefits$64,771$152,189$40,682$257,642
Fees for Service Investment Mgmnt Fees-$196,482-$196,482
Fees for Services Other$0$140,667$16,800$157,467
Occupancy$15,463$83,437$9,711$108,611
Pension Plan Contributions$27,186$63,877$17,075$108,138
All Other Expenses$106,950$0$0$106,950
Payroll Taxes$26,364$61,944$16,558$104,866
Information Technology$24,817$64,218$15,587$104,622
Office Expenses$0$72,419$28,339$100,758
Depreciation Depletion-$94,235-$94,235
Fees for Services Accounting-$25,545-$25,545
Other Expenses$2,302$13,834$4,633$20,769
Conferences and Meetings$3,158$15,360$1,045$19,563
Fees for Services Legal-$18,712-$18,712
Insurance$982$6,998$4,923$12,903
Advertising$2,060$5,358$360$7,778
Travel$1,436$3,347$1,208$5,991
Total Functional Expenses$8,867,525$2,019,342$380,207$11,267,074

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,293,756
Expenses per Audited Statements$11,267,074
Total Expenses per Form 990$11,267,074
Expenses Not Reported on Form 990$26,682
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TrueNorth Community ServicesFremont, MI501(c)(3)Children's Services; Circles 2022; Food Distribution in Newaygo County; General Operating and Program Support; Housing and Family Services ; Hunger Prevention Programs; LiveWell Mental Health Resources Campaign; Parks in Focus; Scholarship Program 2022; SpeakUP 2.0 (2022/2023 School Year); STEAMing Up Summer 2022; TrueBlue Academy - White Cloud; Volunteer Management Project; Volunteer Resource Center 2022$1,106,935
Newaygo County Regional Educational Service AgencyFremont, MIGovt. Unit2021 Filling the Early Childhood Gap; 2021 Parents as Teachers; 2022 Summer Enrichment; 2022 Summer Internship Program; Classroom Store; College for Kids 2022; Community Outreach Learning Program 2021-2022; Early Literacy Initiative Year 6; Family Information Service Hub (F.I.S.H.) 2022; Food Science and Processing Educational Program; Newaygo County Area Promise Zone and WE CAN! Newaygo County$854,061
Grant Public SchoolsGrant, MIGovt. UnitAfter School Program 2021-2022; Cafe Connections; GOAL 22% by 2022; Lego Engineering; Modern Poetry; Design Project; Making Math Memorable; Mavin Innovation and Career Success-Year 2; Mobility Path to Independence; Nature is our Educator-Place Based Learning; Rally Cap Summer Outreach; Summer$598,285
Heritage Museum of Newaygo CountyNewaygo, MI501(c)(3)2022 Technology Upgrade; General Operating Support$348,555
Newaygo County Council for the Prevention of Child Abuse and NeglectWhite Cloud, MI501(c)(3)2021-2022 General Operating Support; Assistance to the Poor; Capital Campaign; Capital Request; Summer Program 2022$318,592
Arts Center for Newaygo CountyFremont, MI501(c)(3)General Operating & Program Support 2021-2022; Operating and Program Support - Donor Designated$315,589
Newaygo County Commission on AgingWhite Cloud, MIGovt. UnitBus Access Transportation-FY 2022; Health Transportation Programs-CY 2022; Homemaker Program-FY 2022; Meals on Wheels; Meals Programs-CY 2022; Older Adults Respite Services (OARS)-CY 2022; Operating and Program Support; Senior Project Fresh FY 2021; Social Isolation Planning Grant; White Pine Adult Day Group (WPADG) FY 2022$301,678
Center for Nonprofit HousingFremont, MI501(c)(3)General Operating and Program Support; Housing Assistance Programs$293,000
Love In the Name of Christ - Newaygo CountyGrant, MI501(c)(3)2022 Poverty to Prosperity Family Assistance; Operating and Program Support$253,550
Fremont Public SchoolsFremont, MIGovt. UnitJeff Jordan State Champ Camp; Two Peaks Running Camp; FMS Beaver Island Group 2021; Chromebooks for K-2 Students; General Operating and Program Support; Basketball Clinics and/or Training Camps; 2021-2022 After School Program$247,881
County of NewaygoWhite Cloud, MIGovt. UnitMichigan's Dragon at Hardy Dam; FY 2022 Recycling Services$239,637
Newaygo County Council for the Arts IncFremont, MI501(c)(3)General Operating and Program Support 2022; Golden Arts 2022; Grand Rapids Symphony in Newaygo County 2022-2023$182,602
Second Christian Reformed ChurchFremont, MI501(c)(3)Operating and Program Support; Used Car Ministry; Faith Promise; Used Car Ministry/Fremont Service Committee$157,042
Newaygo County Mental HealthWhite Cloud, MIGovt. UnitGenerator Request - Adult Foster Care Homes; Transitional Housing Project; Operating and Program Support$148,650
Catholic Charities West MichiganGrand Rapids, MI501(c)(3)AmeriCorps Seniors Seniors CCWM Senior Companion Program; Technology Support; Foster Grandparent Program$141,600
Hesperia Community SchoolsHesperia, MIGovt. UnitAfter School Program 2021-2022; Extra Day Porter; General Operating Support; Hesperia Community School's Student Trip Fund; Scoreboard$131,902
White Cloud Public SchoolsWhite Cloud, MIGovt. UnitMental Health Library; After School Program 2021-2022; Varsity Basketball Support$127,540
Women's Information Service IncBig Rapids, MI501(c)(3)10th Annual Volley Against Violence; WISE Client Assistance and Rent; Client Appreciation Vote; Domestic Violence/Sexual Assault Program Rent, On Call, and Travel; Operating and Program Support$115,185
Fremont Area District LibraryFremont, MIGovt. UnitGeneral Operating and Program Support; Circulation Materials 2022; Board Staff Match$111,877
City of FremontFremont, MIGovt. UnitDowntown Beautification and Town & Country Path; Fremont Lions Students In Need of Eyecare (SINE) Project; Park Maintenance; Shop With a Cop; West Michigan Food Processing Association General Operating Support$110,080
Feeding America West Michigan Food BankComstock Park, MI501(c)(3)Mobile Food Pantries - Lake, Mecosta, and Osceola Counties; Charitable Food Programming$90,134
Newaygo Public SchoolsNewaygo, MIGovt. UnitProject 180; After School Program 2021-2022; 2020 Teacher Micro Grants$80,600
St Mark's Episcopal ChurchNewaygo, MI501(c)(3)General Operating Support and Vera's House$57,070
Open Arms Child Advocacy CenterWhite Cloud, MI501(c)(3)Forensic Interviews for Children in Lake and Newaygo Counties; General Operating Grant$56,860
Disability Network West MichiganMuskegon, MI501(c)(3)Promoting Community Inclusion$55,000
Michigan State UniversityEast Lansing, MI501(c)(3)Edible Specialty Crops Weed Science Program; Honey Bee Research; MSU Product Center and FARM Accelerator; Vegetable Crop Research and Extension Program$54,500
Fremont Christian SchoolFremont, MI501(c)(3)General Operating and Program Support; Tuition Assistance; Building Renovation Project; Christmas Gift Bag Project; Support Music Department$53,149
The Right Place FoundationGrand Rapids, MI501(c)(3)Newaygo County Economic Development 2022; Pitch North 2021$47,500
Insight Pregnancy ServicesFremont, MI501(c)(3)General Operating Support; Operating and Program Support; Assistance to the Poor; Medical Services$45,217
Trout UnlimitedArlington, VA501(c)(3)Restoration of White River Watershed$44,022
St Bartholomew ChurchNewaygo, MI501(c)(3)General Operating and Program Support$43,336
Angels of ActionBig Rapids, MI501(c)(3)M.O.V.E. Summer Lunch Program (Mecosta Osceola Veggie/Fruit Ed-venture); Operating and Program Support; The Hub (Osceola County); Beds for Kids; Family Power Packs; Commercial Washer and Dryer$41,390
Hospice of MichiganAda, MI501(c)(3)Grief Support Services & wE-Connect: Virtual Care and Companionship; General Operating and Program Support$40,952
Our Brothers Keeper ShelterBig Rapids, MI501(c)(3)Hope For The Homeless 24/7; Operating and Program Support$38,850
First Christian Reformed ChurchFremont, MI501(c)(3)General Operating and Program Support$38,500
Muskegon River Watershed AssemblyBig Rapids, MI501(c)(3)Re-envisioning the Maple River; Maple River-Restoring Community Resiliency, Natural Resources and Public Safety$38,256
Newaygo County Tourism CouncilNewaygo, MI501(c)(3)General Operating Support 2022$35,000
Bellwether HarborFremont, MI501(c)(3)General Operating Support; Human-Animal Bond Makes A Great Match 2021; Seniors For Seniors Foster Cat Program$33,250
Hesperia Community LibraryHesperia, MIGovt. UnitTeen Room Remodel; Ancestry.com Subscription; General Operating Support$32,568
Cran-Hill RanchRodney, MI501(c)(3)Camper Scholarships; Outdoor Sport Courts Renovations$32,300
American Red CrossGrand Rapids, MI501(c)(3)Critical Community Needs: HFC and Biomedical Services; Disaster Response$31,672
Reeman Christian Reformed ChurchFremont, MI501(c)(3)Support Live Nativity; Wellspring Adult Day Services$30,500
Ronald McDonald House of Western MichiganGrand Rapids, MI501(c)(3)2021/2022 Family Support Program$29,000
Big Jackson Public School DistrictParis, MIGovt. UnitBus Purchase; Summer Literacy Program - from Student Trip Fund$28,897
White Cloud Community LibraryWhite Cloud, MIGovt. UnitSummer Reading Program 2022; 2022 Circulating Materials; Continued Youth Programming$28,600
Junior Achievement of the Michigan Great Lakes IncGrand Rapids, MI501(c)(3)Inspiring Newaygo County Students; Preparing Students for the Workforce$25,500
Grant Area District LibraryGrant, MIGovt. UnitSummer Reading Program 2022; Circulating Materials 2022; Raising Readers Literacy Kits$24,900
City of Big RapidsBig Rapids, MIGovt. UnitHemlock Park Improvement Project; Trout Stocking in Muskegon River; Splash Park Project$23,500
Newaygo Area District LibraryNewaygo, MIGovt. UnitCollections Materials; 2022 Circulation Materials; Summer Reading Program 2022$22,650
United Way of the LakeshoreMuskegon, MI501(c)(3)General Operating Support for Newaygo County; Literacy Work$19,600
Hope 101 MinistryNewaygo, MI501(c)(3)Assistance to the Poor; General Operating Support; Boiler Replacement$18,180
Mecosta Conservation DistrictBig Rapids, MIGovt. Unit2021 Household Hazardous Waste Collection$16,000
Bethany Christian ServicesGrand Rapids, MI501(c)(3)Programs for Disadvantaged Youth in Newaygo County; Foster Care; Support Local Ministry$15,700
Camp HenryNewaygo, MI501(c)(3)Scholarship Program 2022$15,000
Osceola-Lake Conservation DistrictReed City, MIGovt. Unit2021 Household Hazardous Waste, Tire, and Electronic Recycling$15,000
Eagle VillageHersey, MI501(c)(3)General Operating Support; Scholarship Program 2021$14,400
Project StarburstBig Rapids, MI501(c)(3)Pantry Shelving & Client Gas Cards; Food Pantry Food; Operating and Program Support$14,300
Ashland-Grant Fire DistrictGrant, MIGovt. Unit2021 Farmworker Appreciation Day$14,000
City of NewaygoNewaygo, MIGovt. UnitTrueBlue Academy; Pickleball Courts at Henning Park$14,000
Solid Ice IncBig Rapids, MI501(c)(3)Social Activities$13,900
Trinity Lutheran Church and SchoolReed City, MI501(c)(3)Archery Shooting Pavilion and Storage 2021; STEM, Energy, and Mechanical Education Materials; Tuition Assistance$13,900
Friends of the Big Rapids Community LibraryBig Rapids, MI501(c)(3)General Operating Support$13,490
District Health Department #10Cadillac, MIGovt. UnitVaccine Promotion; Children's Special Health Care Program$13,200
Chaplaincy Services of Newaygo CountyFremont, MI501(c)(3)General Operating Support; Programming at Wellspring Adult Daycare$12,000
Senior Sing AlongWyoming, MI501(c)(3)Music Therapy and Life Enrichment$10,800
Newaygo County Compassion Home for the Terminally IllFremont, MI501(c)(3)Assistance to the Poor; General Operating Support$10,517
Evart Downtown Development AuthorityEvart, MIGovt. UnitWalkable Evart$10,500
St Mary's Catholic SchoolBig Rapids, MI501(c)(3)General Operating and Program Support; Tuition Assistance$10,400
Ferris State UniversityBig Rapids, MI501(c)(3)Hockey programs$10,000
Mary Free Bed Rehabilitation HospitalGrand Rapids, MI501(c)(3)Full Peds Ahead Initiative$10,000
McGaw YMCA Camp EchoEvanston, IL501(c)(3)Scholarship Program 2021$10,000
PoWeR Book BagsSuttons Bay, MI501(c)(3)Bread of Life Pantry; Baldwin Elementary School Giveaways$10,000
Spectrum Health FoundationGrand Rapids, MI501(c)(3)School-Based Telehealth Behavioral Health Services$10,000
First Baptist Church of IdlewildIdlewild, MI501(c)(3)1st Annual Summer Festival; Pure Performance Arts to Idlewild$9,500
The Ferris FoundationBig Rapids, MI501(c)(3)Newaygo County Ferris MathForward$9,400
Muskegon YMCAMuskegon, MI501(c)(3)Scholarship Program 2022$9,375
Rose Lake Youth CampLeRoy, MI501(c)(3)Day Camp Resident Camp Fees; Lake and Osceola Counties Scholarship Program 2021; Building Projects$9,375
World RenewGrand Rapids, MI501(c)(3)Disaster Response & Uganda Med Mission$9,000
Reed City Area District LibraryReed City, MI501(c)(3)Second Saturdays at the Library Series; Summer Reading Program 2021$8,622
Michigan Works West CentralBig Rapids, MIGovt. UnitRemoving Transportation Barriers; Younger Youth Work Based Learning Opportunity$8,250
Stage Door PlayersFremont, MI501(c)(3)Youth Drama; Building Repairs$8,100
Association for the Blind & Visually ImpairedGrand Rapids, MI501(c)(3)Low Vision Rehabilitation Services$8,000
West Michigan SymphonyMuskegon, MI501(c)(3)Link Up$8,000
Manna Pantry of Big Rapids IncBig Rapids, MI501(c)(3)Greater BIg Rapids Area Mobile Pantry; Updating the Pantry: Efficiency and Safety; Operating and Program Support$7,850
Michigan 4-H FoundationEast Lansing, MI501(c)(3)4-H Educational Workshops, Events, and Activities for 4-H Youth/Adults$7,780
Newaygo Child Development Center (Croton)Newaygo, MI501(c)(3)Bus Purchases$7,200
Evart Public LibraryEvart, MIGovt. UnitElectronic Handicapped Accessible Door$7,000
Mecosta-Osceola United Way IncBig Rapids, MI501(c)(3)General Operating Support$7,000
ReFrame MinistriesGrand Rapids, MI501(c)(3)General Operating Support$7,000
St John the Evangelist Episcopal ChurchFremont, MI501(c)(3)Roofing repairs$7,000
Lake County Historical SocietyBaldwin, MI501(c)(3)General Operating Support; Folk Fridays$6,400
President Ford Field ServiceGrand Rapids, MI501(c)(3)Scholarship Program 2022$6,090
Lake County Area Churches Charities Bread of Life Food PantryBaldwin, MI501(c)(3)Bread of Life Food Pantry$6,000
Lilley TownshipBitely, MIGovt. UnitRadio Purchases$6,000
Mecosta County Habitat for HumanityBig Rapids, MI501(c)(3)CPR and AED Training$6,000
County of LakeBaldwin, MIGovt. UnitSheriff Patrol Marine Division Training and Equipment$5,600
Grant Wesleyan ChurchGrant, MI501(c)(3)Grant Disc Golf Project$5,600
Grant Christian SchoolGrant, MI501(c)(3)Tuition Assistance$5,591
Community Mental Health for Central MichiganMt Pleasant, MIGovt. UnitWraparound Flex-Funding$5,500
Baldwin Family Health CareBaldwin, MI501(c)(3)White Cloud Health Center Panorex; Newaygo County Respite Program$5,400
Pine River Area SchoolsLeRoy, MIGovt. UnitBe A Santa Program; Flexible Seating and Sensory Input; Personal Protection Equipment and Sanitation Supplies; Classroom Makerspace with iPad; Elementary Playground Equipment; Virtual Reality for Healthy Mind and Body$5,223
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Annuities-trusts$307,600
Charitable Gift Annuities$125,915
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 35% controlled entity
No
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 7A Members or stockholders electing members of governing body

Members serve in their capacity because of the specific positions that they hold within the community such as elected official, cpa school superintendent, judge, mayor, lawyer, 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 a tax accountant to review before filing. A copy of the 990 is presented to the board prior to filing, by 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 annually and sign that they have read and understand the policy. Board/committee members are requested to disclose conflict/duality of interest during any board or committee meeting. After such disclosure the interested party may be requested to 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 provides a national survey which includes all types of foundations to the executive committee of the board to benchmarke compensation . The executive committee 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 49412-8721

Signing Officer

Name
Shelly E Kasprzycki
Title
President & CEO
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1951
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
25
Volunteers
200

Preparer

Firm
Rehmann Robson LLC
Address
5800 Gratiot Ste 201, Saginaw, MI 48638
Preparer
Jeffrey E Hert CPA
Phone
9897999580
Supplemental Narrative

Additional Explanations

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

(Expenses $ 406,480 including grants of $ 367,272) 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 - 16285; PRIOR YEAR CONDITIONAL GRANTS BOOKED FOR AUDIT - 484542; reclass of adjustment to CSV of life insurance to other income instead of expense account - 13318;

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 is a public charity 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 analyzes 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 positions. The community foundation treats interest and penalties attributable to income taxes, and reflects any charges for such, to the extent they arise, as a component of its management and general expenses. The community foundation has evaluated its income tax filing postions for the years 2018 through 2021, the years which remain subject to examination as of december 31, 2021. The community foundation concluded that there are no significant uncertain tax positions requiring recognition in the community foundation's combined financial statements. The community foundation does 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 does not have any amounts accrued for interest and penalties related to utbs at december 31, 2021 or 2020, 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 - 16285 interfund elimination-admin support - 40000

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

GRANT FROM SUPPORTING ORGANIZATION-AMAZING X CHARITABLE TRUST - 228600 GRANT FROM SUPPORTING ORGANIZATION-The Fremont Area Elderly Need Fund - 60000

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

ELIMINATE INTERFUND-ADMIN SUPPORT - 40000 reclass of adjustment to CSV of life insurance to other income instead of expense account - -13318

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IRS990/InvestmentsProgramRelatedGrp/EOYAmt0850493
IRS990/InvestmentsPubTradedSecGrp/BOYAmt036391
IRS990/InvestmentsPubTradedSecGrp/EOYAmt045504
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01765393
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01146622
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01064813
IRS990/LandBldgEquipCostOrOtherBssAmt02830206
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05557664
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PROMOTE PHILANTHROPY THROUGH GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING CHARITABLE SERVICES THAT BENEFIT THE PEOPLE OF NEWAYGO COUNTY AND THE SURROUNDING AREA OF WESTERN MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0254022052
IRS990/NetAssetsOrFundBalancesEOYAmt0285369931
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07041540
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07041540
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt019958214
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0252257265
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0283084980
IRS990/NoncashContributionsAmt0524549
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt09711
IRS990/OccupancyGrp/ManagementAndGeneralAmt083437
IRS990/OccupancyGrp/ProgramServicesAmt015463
IRS990/OccupancyGrp/TotalAmt0108611
IRS990/OfficeExpensesGrp/FundraisingAmt028339
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt072419
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0100758
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0132371
IRS990/OtherAssetsTotalGrp/EOYAmt0146682
IRS990/OtherChangesInNetAssetsAmt0514145
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt040682
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0152189
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064771
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0257642
IRS990/OtherExpensesGrp/Desc0INITIATIVES/COMMUNITY LEADERSHIP
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3PUBLIC RELATIONS
IRS990/OtherExpensesGrp/FundraisingAmt0380
IRS990/OtherExpensesGrp/FundraisingAmt14633
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt040899
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113834
IRS990/OtherExpensesGrp/ProgramServicesAmt0232098
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt210389
IRS990/OtherExpensesGrp/ProgramServicesAmt32302
IRS990/OtherExpensesGrp/TotalAmt0232098
IRS990/OtherExpensesGrp/TotalAmt10
IRS990/OtherExpensesGrp/TotalAmt251668
IRS990/OtherExpensesGrp/TotalAmt320769
IRS990/OtherLiabilitiesGrp/BOYAmt0417732
IRS990/OtherLiabilitiesGrp/EOYAmt0433515
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01514
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01514
IRS990/OtherRevenueTotalAmt01514
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0193337
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0723270
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0307821
IRS990/OtherSalariesAndWagesGrp/TotalAmt01224428
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0200
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt016558
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt061944
IRS990/PayrollTaxesGrp/ProgramServicesAmt026364
IRS990/PayrollTaxesGrp/TotalAmt0104866
IRS990/PensionPlanContributionsGrp/FundraisingAmt017075
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt063877
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027186

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