Civic Intelligence

The Frankenmuth Community Foundation Inc.

990 • Fiscal year 2018 • EIN 38-2140032

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 16, 2019

PO Box 386Frankenmuth, MI 48734

(989) 652-3476

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

4th percentile

-68%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

13th percentile

$27,500

Higher top officer pay than 13% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

3rd percentile

-22%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

6.3%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$10,852,466

Down $3,005,329 (-22%) from 2017

Net Assets

Down

$10,852,466

Down $3,005,329 (-22%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$2,686,680

Up $158,337 (+6.3%) from 2017

Expenses

Up

$4,526,508

Up $2,902,633 (+179%) from 2017

Net Income

Down

-$1,839,828

Down $2,744,296 (-303%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $5,204,606Liabilities 2011: $0Net Assets 2011: $5,204,6062011Assets 2012: $5,694,325Liabilities 2012: $17,500Net Assets 2012: $5,676,8252012Assets 2013: $8,187,654Liabilities 2013: $0Net Assets 2013: $8,187,6542013Assets 2014: $9,030,651Liabilities 2014: $0Net Assets 2014: $9,030,6512014Assets 2015: $9,028,705Liabilities 2015: $13,824Net Assets 2015: $9,014,8812015Assets 2016: $11,807,960Liabilities 2016: $0Net Assets 2016: $11,807,9602016Assets 2017: $13,857,795Liabilities 2017: $0Net Assets 2017: $13,857,7952017Assets 2018: $10,852,466Liabilities 2018: $0Net Assets 2018: $10,852,4662018Assets 2019: $12,974,414Liabilities 2019: $500Net Assets 2019: $12,973,9142019Assets 2020: $14,605,708Liabilities 2020: $500Net Assets 2020: $14,605,2082020Assets 2021: $17,049,439Liabilities 2021: $538,030Net Assets 2021: $16,511,4092021Assets 2022: $15,914,993Liabilities 2022: $729,200Net Assets 2022: $15,185,7932022Assets 2023: $18,411,997Liabilities 2023: $797,760Net Assets 2023: $17,614,2372023Assets 2024: $19,728,199Liabilities 2024: $740,876Net Assets 2024: $18,987,3232024

Highlighted filing

2018

Assets$10,852,466
Liabilities$0
Net Assets$10,852,466

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $989,593Expenses 2011: $525,358Net Income 2011: $464,2352011Expenses 2012: $422,1542012Revenue 2013: $2,071,141Expenses 2013: $289,247Net Income 2013: $1,781,8942013Revenue 2014: $2,020,555Expenses 2014: $794,934Net Income 2014: $1,225,6212014Revenue 2015: $1,822,633Expenses 2015: $1,264,070Net Income 2015: $558,5632015Revenue 2016: $4,516,407Expenses 2016: $1,783,033Net Income 2016: $2,733,3742016Revenue 2017: $2,528,343Expenses 2017: $1,623,875Net Income 2017: $904,4682017Revenue 2018: $2,686,680Expenses 2018: $4,526,508Net Income 2018: -$1,839,8282018Revenue 2019: $3,350,746Expenses 2019: $1,178,884Net Income 2019: $2,171,8622019Revenue 2020: $1,432,468Expenses 2020: $1,285,338Net Income 2020: $147,1302020Revenue 2021: $2,219,053Expenses 2021: $1,126,772Net Income 2021: $1,092,2812021Revenue 2022: $2,797,287Expenses 2022: $1,205,283Net Income 2022: $1,592,0042022Revenue 2023: $1,742,430Expenses 2023: $1,043,730Net Income 2023: $698,7002023Revenue 2024: $2,014,387Expenses 2024: $1,359,882Net Income 2024: $654,5052024

Highlighted filing

2018

Revenue$2,686,680
Expenses$4,526,508
Net Income-$1,839,828
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 16, 2019
Return Version
2018v3.1
Gross Receipts
$6,042,630
Mission and Program Overview

Mission

To promote the betterment of the greater frankenmuth community through financial assistance to worthy causes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,244,318$9,075,948▼ $3,168,370
Savings and Temporary Cash Investments$1,439,451$1,625,312▲ $185,861
Total Assets$13,857,795$10,852,466▼ $3,005,329
Other Assets Total$174,026$151,206▼ $22,820
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$13,683,769$10,701,260▼ $2,982,509
Permanently Rstr Net Assets$174,026$151,206▼ $22,820
Total Net Assets Fund Balance$13,857,795$10,852,466▼ $3,005,329
Total Liabilities and Net Assets / Fund Balance$13,857,795$10,852,466▼ $3,005,329

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$174,026-▼ $13,092-$151,206
2017$160,380-▲ $23,510-$174,026
2016$160,010-▲ $10,270-$160,380
2015$172,097-▼ $2,266-$160,010
2014$177,029-▲ $4,650-$172,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathon WebbExecutive DiPT$27,500$27,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,985,586
Program Service Revenue
$0
Investment Income
$659,168
Other Revenue
$41,926
All Other Contributions
$1,985,586
Change in Net Assets
$-1,839,828

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 AmountValuation Method
Securities Publicly Traded1$133,941Fair Market Value
Total Noncash Contributions1$133,941-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,686,680
Revenue Not Reported on Form 990
$-1,142,681
Total Revenue per Audited Statements
$1,543,999
Total Revenue per Form 990
$2,686,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,389,854
Other Expenses$136,654
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,319,854--$4,319,854
Fees for Service Investment Mgmnt Fees-$92,598-$92,598
Grants to Domestic Individuals$70,000--$70,000
Fees for Services Management$27,500--$27,500
Fees for Services Accounting-$6,025-$6,025
Office Expenses-$670-$670
Other Expenses-$20-$20
Total Functional Expenses$4,417,354$109,154$0$4,526,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,526,508
Total Expenses per Audited Statements$4,526,508
Total Expenses per Form 990$4,526,508
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Frankenmuth Insurance Foundation--Transfer$2,021,868
Frankenmuth Credit UnionFrankenmuth, MIGovGrants for Projects$397,594
City of FrankenmuthFrankenmuth, MIGovCity Beautification$236,841
Frankenmuth JayceesFrankenmuth, MI-Community Project$50,000
Frankenmuth AysoFrankenmuth, MI-Sponsorship$41,243
United Way of Saginaw CountySagianw, MI-Grant for Projects$28,000
Frankenmuth Historical AssociationFrankenmuth, MIGovGrant for Projects$25,000
Historical Society of Saginaw CountFrankenmuth, MI-Grant for Projects$25,000
St Lorenz Luthern School--Education$21,550
Millington-arbella Fire DepartmentMillington, MI-Community Project$20,000
City of FrankenmuthFrankenmuth, MIGovCommunity Projects$14,452
Carolyn Scharrer Ability Center--Grant for Projects$12,000
Father Vincent MemorialFrankenmuth, MI-Education$10,000
Svsu Foundation--Education$10,000
Travis Mills Foundation--Grant for Projects$10,000
Vets Food Pantry--Grant for Projects$8,400
Hope Pocket Program--Grant for Projects$8,239
Valley Lutheran High School--Education$8,000
Vassar Softball and Baseball--Grant for Projects$7,845
Crossroad MinistriesFrankenmuth, MI501c3Counseling Endowment$7,300
Frankenmuth School DistrictFrankenmuth, MI-Sponsorship$6,962
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$89,271
Fundraising Direct Expenses$47,345
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Ball$89,271$89,271$18,314$70,957
Total Events$89,271$89,271$47,345$41,926
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is prepared by an independent cpa firm. The cpa firm has an internal review process. The final 990 is given to the treasurer to review and sign. The 990 is available electronically to the voting board members, before the 990 is filed.

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

The policy is monitored and enforced for compliance through disscusion at the board level and at quarterly board meetings. An example of compliance is when the board member abstains from voting on issues that would be considered a conflict of interest.

Form 990, Page 6, Part VI, Line 19

The community foundation has a website that has certain grant information available on it. The financial information is available by request.

Filing and Contact Details

Filer

Filer Name
The Frankenmuth Community
EIN
38-2140032
Phone
9896523476
Address
PO BOX 386, FRANKENMUTH, MI 48734

Signing Officer

Name
James Bickel
Title
Treasurer
Phone
9896523476
Signed
2019-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bickel
Formed
1978
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Anderson Tuckey Bernhardt & Doran Pc
Address
715 E FRANK STREET, CARO, MI 48723
Preparer
Jamie L Peasley CPA
Phone
9896733137
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The volunteers oversee the accounting work, goverance work, attend board meetings, oversee investment management and investment policy statement, review the recordkeeping of allocations, sign the receipt and acknowledgement of donations, grant dispersal and correspondance, regulatiory filings, presentations to civic groups, educational meetings, and attending conferences.

Form 990, Page 2, Part III, Line 4D

Grants to the women's club for the "concert in the park", program historical association, veteran's memorial upkeep, park bandshell maintenance and frankenmuth school district and other agency's grants for various community programs or projects

Form 990, Part XI, Line 9

Decrease in endowment fund -22,820

Financial Statement Notes

Schedule D, Page 3, Part X

In the preparatin of tax returns, tax positions are taken based on the interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertan tax positions and makes estimates of amounts, includign interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years.

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IRS990/ProgSrvcAccomActy2Grp/Desc0AWARDED SCHOLARSHIPS TO RECIPIENTS AS DETERMINED BY THE FRANKENMUTH SCHOOL DISTRICT AND OTHER AGENCIES
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt070000
IRS990/ProgSrvcAccomActy3Grp/Desc0GRANTS THAT ARE BENEVOLENT, CHARITABLE AND BENEFICIAL TO THE COMMUNITY AND PUBLIC WELFARE
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0GRANTS TO THE WOMEN'S CLUB FOR THE "CONCERT IN THE PARK", PROGRAM HISTORICAL ASSOCIATION, VETERAN'S MEMORIAL UPKEEP, PARK BANDSHELL MAINTENANCE AND FRANKENMUTH SCHOOL DISTRICT AND OTHER AGENCY'S GRANTS FOR VARIOUS COMMUNITY PROGRAMS OR PROJECTS
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0151206
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08045
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-13092
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1142681
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IRS990ScheduleD/RevenueNotReportedAmt0-1142681
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATIN OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON THE INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDIGN INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01543999
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt015700
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt015700
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LEGACY BALL
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013331
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018314
IRS990ScheduleG/LicensedStatesCd0MI
IRS990ScheduleI/GrantRecordsMaintainedInd0true
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt156000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
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IRS990ScheduleI/RecipientTable/CashGrantAmt178400
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IRS990ScheduleI/RecipientTable/CashGrantAmt197845
IRS990ScheduleI/RecipientTable/CashGrantAmt202021868
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc2GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc3GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1COMMUNITY PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CITY BEAUTIFICATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GRANTS FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4COUNSELING ENDOWMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6COMMUNITY PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SPONSORSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8SPONSORSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10COMMUNITY PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt19GRANT FOR PROJECTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt20TRANSFER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRANKENMUTH HISTORICAL ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CITY OF FRANKENMUTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CITY OF FRANKENMUTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3FRANKENMUTH CREDIT UNION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$0.74$19.0$2.01$1.36$0.65
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.80$17.6$1.74$1.04$0.70
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.73$15.2$2.80$1.21$1.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$0.54$16.5$2.22$1.13$1.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$0.00$14.6$1.43$1.29$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$0.00$13.0$3.35$1.18$2.17
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$2.69$4.53$1.84
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.00$13.9$2.53$1.62$0.90
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.00$11.8$4.52$1.78$2.73
2015Detailed filing. Detailed filing data is available for this year.$9.03$0.01$9.01$1.82$1.26$0.56
2014Detailed filing. Detailed filing data is available for this year.$9.03$0.00$9.03$2.02$0.79$1.23
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.19$0.00$8.19$2.07$0.29$1.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.02$5.68$0.42
2011Summary only. Only limited summary data is available for this year.$5.20$0.00$5.20$0.99$0.53$0.46