Civic Intelligence

Midland Area Community Foundation

990 • Fiscal year 2015 • EIN 38-2023395

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 26, 2016

Refreshing map…

76 Ashman CircleMidland, MI 48640

(989) 839-9661

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$85,750,525

Flat from 2015

Net Assets

Flat

$83,717,623

Flat from 2015

Liabilities

Flat

$2,032,902

Flat from 2015

Revenue And Expenses

Revenue

Flat

$9,655,380

Flat from 2015

Expenses

Flat

$5,047,553

Flat from 2015

Net Income

Flat

$4,607,827

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $67,559,438Liabilities 2010: $1,487,970Net Assets 2010: $66,071,4682010Assets 2011: $65,536,367Liabilities 2011: $1,472,445Net Assets 2011: $64,063,9222011Assets 2012: $73,391,036Liabilities 2012: $1,692,582Net Assets 2012: $71,698,4542012Assets 2013: $85,584,180Liabilities 2013: $2,032,808Net Assets 2013: $83,551,3722013Assets 2014: $87,495,897Liabilities 2014: $2,086,415Net Assets 2014: $85,409,4822014Assets 2015: $85,750,525Liabilities 2015: $2,032,902Net Assets 2015: $83,717,6232015Assets 2015: $85,750,525Liabilities 2015: $2,032,902Net Assets 2015: $83,717,6232015Assets 2016: $91,674,759Liabilities 2016: $2,171,528Net Assets 2016: $89,503,2312016Assets 2017: $100,355,944Liabilities 2017: $2,550,352Net Assets 2017: $97,805,5922017Assets 2018: $94,332,894Liabilities 2018: $2,719,929Net Assets 2018: $91,612,9652018Assets 2019: $110,680,869Liabilities 2019: $2,643,149Net Assets 2019: $108,037,7202019Assets 2020: $121,202,704Liabilities 2020: $3,115,312Net Assets 2020: $118,087,3922020Assets 2021: $135,269,470Liabilities 2021: $4,161,200Net Assets 2021: $131,108,2702021Assets 2022: $114,895,702Liabilities 2022: $2,992,449Net Assets 2022: $111,903,2532022Assets 2023: $125,987,299Liabilities 2023: $3,653,482Net Assets 2023: $122,333,8172023

Highlighted filing

2015

Assets$85,750,525
Liabilities$2,032,902
Net Assets$83,717,623

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,036,0522010Expenses 2011: $3,763,1942011Expenses 2012: $3,481,8412012Revenue 2013: $13,264,971Expenses 2013: $5,254,672Net Income 2013: $8,010,2992013Revenue 2014: $10,368,040Expenses 2014: $6,397,976Net Income 2014: $3,970,0642014Revenue 2015: $9,655,380Expenses 2015: $5,047,553Net Income 2015: $4,607,8272015Revenue 2015: $9,655,380Expenses 2015: $5,047,553Net Income 2015: $4,607,8272015Revenue 2016: $7,494,508Expenses 2016: $5,563,912Net Income 2016: $1,930,5962016Revenue 2017: $11,522,763Expenses 2017: $12,715,291Net Income 2017: -$1,192,5282017Revenue 2018: $13,505,878Expenses 2018: $7,622,610Net Income 2018: $5,883,2682018Revenue 2019: $10,436,815Expenses 2019: $7,094,567Net Income 2019: $3,342,2482019Revenue 2020: $11,959,875Expenses 2020: $9,631,074Net Income 2020: $2,328,8012020Revenue 2021: $15,682,318Expenses 2021: $10,779,956Net Income 2021: $4,902,3622021Revenue 2022: $16,911,059Expenses 2022: $13,749,116Net Income 2022: $3,161,9432022Revenue 2023: $13,513,786Expenses 2023: $12,575,682Net Income 2023: $938,1042023

Highlighted filing

2015

Revenue$9,655,380
Expenses$5,047,553
Net Income$4,607,827
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 26, 2016
Return Version
2015v2.1
Gross Receipts
$21,906,970
Mission and Program Overview

Mission

Our mission is to provide philanthropic leadership to strengthen our community by fostering collaboration and giving today and in the future. Since 1973, midland area community foundation has provided an avenue for individuals and organizations to change the community through philanthropic giving. Macf awards grants and scholarships, offers the ability for individuals and families to invest in the community, and serves as a catalyst for collaboration and change by leading community dialogue and action on critical issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$83,812,096$80,533,550▼ $3,278,546
Savings and Temporary Cash Investments$2,340,305$3,891,264▲ $1,550,959
Land, Buildings, and Equipment, Net$1,315,973$1,287,263▼ $28,710
Prepaid Expenses and Deferred Charges$27,523$38,448▲ $10,925
Total Assets$87,495,897$85,750,525▼ $1,745,372
Liabilities
Other Liabilities$1,887,711$1,864,014▼ $23,697
Grants Payable$160,150$130,930▼ $29,220
Accounts Payable and Accrued Expenses$38,554$37,958▼ $596
Total Liabilities$2,086,415$2,032,902▼ $53,513
Net Assets / Fund Balance
Unrestricted Net Assets$83,162,305$81,629,275▼ $1,533,030
Temporarily Rstr Net Assets$1,247,177$1,088,348▼ $158,829
Permanently Rstr Net Assets$1,000,000$1,000,000→ $0
Total Net Assets Fund Balance$85,409,482$83,717,623▼ $1,691,859
Total Liabilities and Net Assets / Fund Balance$87,495,897$85,750,525▼ $1,745,372

Asset Categories

AssetBook ValueDepreciationBasis
Land$733,647-$733,647
Buildings$540,823$182,894$723,717
Other Land Buildings$7,026$153,984$161,010
Equipment$5,767$42,963$48,730

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$74,940,455$3,992,313▼ $2,005,975-$72,480,571
2014$72,364,248$5,351,036▲ $2,484,000-$74,940,455
2013$61,126,571$3,738,753▲ $11,685,482-$72,364,248
2012$53,124,668$2,286,649▲ $8,529,195-$61,126,571
2011$54,784,961$2,704,367▼ $1,578,176-$53,124,668
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharon MortensenPresident/ceFT$111,239$15,198$126,437

Board Members and Trustees

NameTitle
Elizabeth LumbertBoard Chair
Kay WagnerVice Chair
Angela HineTrustee
Beth SwiftTrustee
Carol MillerTrustee
Dave MarshTrustee
Jim NigroTrustee
Kevin KendrickTrustee
Kim WhiteTrustee
Liz KaplaTrustee
Mary GorteTrustee
Michael RogersTrustee
Rod ColemanTrustee
Duncan StuartSecretary
Kevin GayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,370,075
Program Service Revenue
$0
Investment Income
$4,213,607
Other Revenue
$71,698
All Other Contributions
$5,370,075
Change in Net Assets
$4,607,827

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded10$894,766
Total Noncash Contributions10$894,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,655,380
Revenue Not Reported on Form 990
$-6,299,686
Total Revenue per Audited Statements
$3,355,694
Total Revenue per Form 990
$9,655,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,566,209
Other Expenses$916,848
Salaries, Compensation, and Employee Benefits$564,496
Total Fundraising Expense$183,163
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,047,079--$3,047,079
Grants to Domestic Individuals$519,130--$519,130
Other Salaries and Wages$119,496$159,722$82,175$361,393
Current Officers, Directors, Trustees, and Key Employees$27,810$55,619$27,810$111,239
Fees for Service Investment Mgmnt Fees$91,611$8,033-$99,644
Advertising$9,006$19,654$18,617$47,277
Conferences and Meetings$4,180$10,946$31,537$46,663
Other Employee Benefits$10,308$18,148$8,670$37,126
Depreciation Depletion-$35,297-$35,297
Payroll Taxes$13,481$13,364$6,826$33,671
Occupancy$3,451$18,974$454$22,879
Pension Plan Contributions$5,586$10,300$5,181$21,067
Office Expenses$1,749$14,858$893$17,500
Fees for Services Accounting$874$15,506-$16,380
Information Technology$751$14,199-$14,950
Insurance-$13,368-$13,368
Other Expenses$11,482$1,111-$12,593
Fees for Services Legal$1,000$8,000$1,000$10,000
Travel$4,236$4,157-$8,393
Fees for Services Other$7,950--$7,950
All Other Expenses-$6,503-$6,503
Total Functional Expenses$4,390,111$474,279$183,163$5,047,553

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,047,553
Total Expenses per Audited Statements$5,047,553
Total Expenses per Form 990$5,047,553
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MidlandMidland, MIGovComm Imp/arts/recrea$248,514
Little Forks ConservancyMidland, MIC3Environment$173,662
Cleveland ManorMidland, MIC3Human Services$150,000
Midland Public SchoolsMidland, MIGovEducation$141,667
Midland County Department of ParksMidland, MIGovRecreation$129,746
Greater Midland Community CentersMidland, MIC3Comm Imp/yth Dev/rec$110,975
United Way of Midland CountyMidland, MIC3Human Svcs/comm Imp$102,279
Saranam LLCAlbuquerque, NMC3Human Services$100,000
Caramoor Center for Music and theKatonah, NYC3Arts/culture$95,000
Midland County Educational ServiceMidland, MIGovEducation$91,353
Legacy Center for Community SuccessMidland, MIC3Development$75,000
Midland County Council on AgingMidland, MIGovHuman Services$63,603
Midland Area HomesMidland, MIC3Human Services$63,500
Midland Center for the ArtsMidland, MIC3Arts/culture$62,745
Reaching Our Community KidsMidland, MIC3Youth Development$56,709
Midland County Habitat for HumanityMidland, MIC3Human Services$50,792
Serve First FoundationEast Lansing, MIC3Community Impr.$50,000
Midland Community Cancer ServicesMidland, MIC3Human Services$46,600
Chippewa Nature CenterMidland, MIC3Environment$43,250
Greater Michigan Construction AcadMidland, MIC3Education$40,000
Midland TownshipMidland, MIGovComm. Development$40,000
West Midland Family CenterShepherd, MIC3Youth Dev/comm Imp$33,750
Coleman Area LibraryColeman, MIGovDevelopment$28,472
Blessed Sacrament ChurchMidland, MIC3General/operating$26,284
Junior Achievement of Central MiMidland, MIC3Youth Development$25,250
Bullock Creek SchoolsMidland, MIGovEducation/youth Dev$25,172
Oregon State University FoundationCorvallis, ORC3Education$25,000
Sanford Youth LeagueSanford, MIC3Youth Development$25,000
Kings Daughters and Sons of MidlandMidland, MIC3Human Services$24,181
Arc of MidlandMidland, MIC3Human Services$23,500
Hope TownshipHastings, MIGovCommunity Dev.$21,000
Adoption Option IncMidland, MIC3Human Services$20,750
Chemeketa Community CollegeSalem, ORGovEducation$20,000
Michigan Baseball Foundation IncMidland, MIC3Community Improve$20,000
Midland County Agricultural andMidland, MIC3Education$20,000
Midland County Probate CourtMidland, MIGovCommunity Improve$20,000
Open Door Youth Outreach of MidlandMidland, MIC3Human Services$19,750
Salvation Army of MidlandMidland, MIC3Human Services$19,674
Pinecrest FarmsMidland, MIC3Health Services$18,722
Ten Sixteen Recovery NetworkMidland, MIC3Human Services$18,106
Creative Spirit Center IncMidland, MIC3Education$17,572
Collegiate Chorale IncNew York, NYC3Arts/culture$17,500
Akoma FoundationDanbury, CTC3Human Services$15,000
MEASURE FOR MEASURE MEN'SAnn Arbor, MIC3Recreation$15,000
Metropolitan Opera Guild IncNew York, NYC3Arts/culture$15,000
Mid Michigan Big Brothers & SistersClare, MIC3Youth Development$15,000
Pheasants ForeverSt Paul, MNC3Environment$15,000
His Harvest MinistriesPapillion, NEC3Youth Development$14,372
Michigan Audubon SocietyLansing, MIC3Environment$13,380
Midland Area Transportation StudyMidland, MIC3Community Dev.$11,600
Lincoln TownshipMt Pleasant, MIGovComm. Development$11,575
Santa Claus School CwhMidland, MIC3Community Improve$11,000
Saginaw Valley State UniversityUniversity Center, MIGovEducation$10,967
Helping HandsMidland, MIC3Health$10,700
National Exchange Club FoundationToledo, OHC3Community Improv.$10,650
Ann Arbor Civic TheaterAnn Arbor, MIC3Arts$10,000
City of ClareClare, MIGovCommunity Improve$10,000
City of HarrisonHarrison, MIGovCommunity Improve$10,000
Friends of the Danbury LibraryDanbury, CTC3Youth Development$10,000
Marion-polk Food ShareSalem, ORC3Food, Nutrition$10,000
Midland County Office of theMidland, MIGovYouth Development$10,000
Nature ConservancyOwosso, MIC3Environment$10,000
Saginaw Valley Glbt Group IncUniversity Center, MIC3Recreation$10,000
Tuscon Symphony OrchestraTuscon, AZC3Arts$10,000
University of California BerkeleyBerkeley, CAGovEducation$10,000
Council of Michigan FoundationsGrand Haven, MIC3Community Improve$9,700
Midmichigan Visiting NurseMidland, MIC3Human Services$9,603
Council on Domestic Violence andMidland, MIC3Human Services$8,783
Fellowship FoundationFalls Church, VAC3Community Improve$8,000
Sanford Historical SocietySanford, MIC3Community Imp.$7,950
Gladwin Community SchoolsGladwin, MIC3Youth Development$7,596
Family Life RadioMidland, MIC3Arts/culture$7,216
Michigan Health ImprovementBay City, MIC3Health$7,088
Big Brothers Big Sisters of MidlandMidland, MIC3Youth Development$6,675
Reece Community Living EndeavorMidland, MIC3Health/community Dev$6,616
Young LifeColorado Springs, COC3Youth Development$6,000
Smart Growth AmericaWashington, DCC3Community Impr.$5,833
County of MidlandMidland, MIGovComm Imp/youth Dev$5,650
Dahlia Hill Society of MidlandMidland, MIC3Recreation$5,601
Midland County Food Pantry NetworkMidland, MIC3Human Services$5,600
MIDMICHIGAN CHILDREN'S MUSEUMSaginaw, MIC3Youth/education$5,334
Boy Scouts of AmericaAuburn, MIC3Recreation$5,129
Cobblestone CaresSaginaw, MIC3Housing$5,100
Dow High School Speaking SocietyMidland, MIC3Youth Development$5,100
Eagle VillageHershey, MIC3Youth Development$5,081
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
Due to Other Organizations$1,864,014
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

Membership qualification change was made to the bylaws. Only those members who were members at least ninety (90) days prior to the meeting shall be entitled to vote. Each voting member shall be entitled to one vote, in person or by proxy, on each matter properly submitted to the members for their vote, consent, waiver, release, or other action.

Form 990, Page 6, Part VI, Line 6

The foundation is a membership organization. Anyone can be a member as long as they make a contribution to the foundation during the year.

Form 990, Page 6, Part VI, Line 7A

Each year the foundation has a meeting of the members and they vote on individuals governing the organization.

Form 990, Page 6, Part VI, Line 7B

Members vote on board appointments and bylaw changes.

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

The 990 is first reviewed by management, then the audit/standards committee, and finally it is sent to the trustees for approval.

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

Every year, the staff and trustees are required to complete and sign a conflict of interest policy. By completing this every year, any changes throughout the year that might affect this policy are eliminated.

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

The organization has a human resource committee that meets to review salaries on an annual basis. They meet to discuss any raises (if applicable) and review comparable salary data from cmf and cof.

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

The organization has a human resource committee that meets to review salaries on an annual basis. They meet to discuss any raises (if applicable) and review comparable salary data from cmf and cof.

Form 990, Page 6, Part VI, Line 19

The foundation makes most documents available on its website. Those documents not available on the website are available upon request made to the foundation's director of finance.

Filing and Contact Details

Filer

Filer Name
Midland Area Community Foundation
EIN
38-2023395
Phone
9898399661
Address
76 ASHMAN CIRCLE, MIDLAND, MI 48640

Signing Officer

Name
Sharon Mortensen
Title
President/CEO
Phone
9898399661
Signed
2016-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Mortensen
Formed
1973
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
450

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
5915 EASTMAN AVE STE 100, MIDLAND, MI 48640-6824
Preparer
Kellie M Bos
Phone
9898357721
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

This amended return is filed to properly answer questions 8, 9a and 9b in part v. These were inadvertently omitted in the original filing.

FORM 990 - ORGANIZATION'S MISSION

Our mission is to provide philanthropic leadership to strengthen our community by fostering collaboration and giving today and in the future. Since 1973, midland area community foundation has provided an avenue for individuals and organizations to change the community through philanthropic giving. Macf awards grants and scholarships, offers the ability for individuals and families to invest in the community, and serves as a catalyst for collaboration and change by leading community dialogue and action on critical issues.

Form 990, Part V, Line 4B

CAYMAN ISLANDS

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation maintains 425 endowed funds that include both a donor- restricted endowment fund and funds designated by the foundation's board of trustees to function as endowment funds. The donor-restricted endowment fund is the kellogg youth fund for the support of programs or projects for youth. Funds designated by the foundation's board of trustees to function as endowment funds have been established for a variety of reasons.

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IRS990/MissionDesc0OUR MISSION IS TO PROVIDE PHILANTHROPIC LEADERSHIP TO STRENGTHEN OUR COMMUNITY BY FOSTERING COLLABORATION AND GIVING TODAY AND IN THE FUTURE. SINCE 1973, MIDLAND AREA COMMUNITY FOUNDATION HAS PROVIDED AN AVENUE FOR INDIVIDUALS AND ORGANIZATIONS TO CHANGE THE COMMUNITY THROUGH PHILANTHROPIC GIVING. MACF AWARDS GRANTS AND SCHOLARSHIPS, OFFERS THE ABILITY FOR INDIVIDUALS AND FAMILIES TO INVEST IN THE COMMUNITY, AND SERVES AS A CATALYST FOR COLLABORATION AND CHANGE BY LEADING COMMUNITY DIALOGUE AND ACTION ON CRITICAL ISSUES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DURING 2015, THE FOUNDATION PROVIDED 252 SCHOLARSHIPS TO 188 RECIPIENTS TO ASSIST THEM WITH FURTHERING THEIR EDUCATION EITHER IN A TRADITIONAL COLLEGE SETTING OR AT A TECHNICAL TRAINING INSTITUTION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION SUPPORTS MANY PROJECTS/EVENTS THROUGHOUT THE COMMUNITY. THESE PROJECTS ARE DESIGNED TO ENHANCE THE QUALITY OF LIFE. IN 2015, SOME OF THE MAJOR PROJECTS INCLUDED THE TRANSPORTATION TASK FORCE, SANTA HOUSE, RIVERDAYS, MIDLAND COUNTY YOUTH ACTION COUNCIL, MIDLAND COUNTY VIOLENCE PREVENTION PARTNERSHIP, WHITING OVERLOOK PARK, CULTURAL AWARENESS, ACCESS TO RECREATION, ENTRANCEWAYS INITIATIVE, SENIOR CHRISTMAS DINNERS, MIDLAND COUNTY CAREER AND COLLEGE ACCESS NETWORK, GIVE LOCAL MIDLAND, SCHOLARSHIPS, TOWN GRANTS, NON-EMERGENCY MEDICAL TRANSPORTATION PROJECT, COLLABORATIVE EFFFORTS SUCH AS THE COMMUNITY HEALTH IMPROVEMENT PLAN AND THE COMMUNITY HEALTH SURVEY, AND THE MIDLAND BELIEVES SCHOLARSHIP.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 511,410
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$126$3.65$122$13.5$12.6$0.94
2022Summary only. Only limited summary data is available for this year.$115$2.99$112$16.9$13.7$3.16
2021Summary only. Only limited summary data is available for this year.$135$4.16$131$15.7$10.8$4.90
2020Summary only. Only limited summary data is available for this year.$121$3.12$118$12.0$9.63$2.33
2019Summary only. Only limited summary data is available for this year.$111$2.64$108$10.4$7.09$3.34
2018Summary only. Only limited summary data is available for this year.$94.3$2.72$91.6$13.5$7.62$5.88
2017Summary only. Only limited summary data is available for this year.$100$2.55$97.8$11.5$12.7$1.19
2016Summary only. Only limited summary data is available for this year.$91.7$2.17$89.5$7.49$5.56$1.93
2015Detailed filing. Detailed filing data is available for this year.$85.8$2.03$83.7$9.66$5.05$4.61
2015Summary only. Only limited summary data is available for this year.$85.8$2.03$83.7$9.66$5.05$4.61
2014Summary only. Only limited summary data is available for this year.$87.5$2.09$85.4$10.4$6.40$3.97
2013Summary only. Only limited summary data is available for this year.$85.6$2.03$83.6$13.3$5.25$8.01
2012Summary only. Only limited summary data is available for this year.$73.4$1.69$71.7$3.48
2011Summary only. Only limited summary data is available for this year.$65.5$1.47$64.1$3.76
2010Summary only. Only limited summary data is available for this year.$67.6$1.49$66.1$3.04