Civic Intelligence

Central Montcalm Community Foundation

990 • Fiscal year 2019 • EIN 38-3068773

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

PO Box 128Stanton, MI 48888

(989) 289-2312

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,651,855

Up $190,227 (+13%) from 2018

Net Assets

Up

$1,649,882

Up $191,473 (+13%) from 2018

Liabilities

Down

$1,973

Down $1,246 (-39%) from 2018

Revenue

Up

$164,904

Up $19,238 (+13%) from 2018

Expenses

Down

$55,830

Down $16,463 (-23%) from 2018

Net Income

Up

$109,074

Up $35,701 (+49%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $688,630Liabilities 2010: $0Net Assets 2010: $688,6302010Assets 2011: $750,428Liabilities 2011: $3,055Net Assets 2011: $747,3732011Assets 2012: $854,846Liabilities 2012: $1,055Net Assets 2012: $853,7912012Assets 2013: $1,020,625Liabilities 2013: $1,698Net Assets 2013: $1,018,9272013Assets 2014: $1,128,641Liabilities 2014: $1,899Net Assets 2014: $1,126,7422014Assets 2015: $1,244,535Liabilities 2015: $0Net Assets 2015: $1,244,5352015Assets 2016: $1,292,803Liabilities 2016: $666Net Assets 2016: $1,292,1372016Assets 2017: $1,457,507Liabilities 2017: $782Net Assets 2017: $1,456,7252017Assets 2018: $1,461,628Liabilities 2018: $3,219Net Assets 2018: $1,458,4092018Assets 2019: $1,651,855Liabilities 2019: $1,973Net Assets 2019: $1,649,8822019Assets 2020: $1,785,212Liabilities 2020: $2,109Net Assets 2020: $1,783,1032020Assets 2021: $1,989,322Liabilities 2021: $3,245Net Assets 2021: $1,986,0772021Assets 2022: $1,955,813Liabilities 2022: $6,960Net Assets 2022: $1,948,8532022Assets 2023: $2,058,270Liabilities 2023: $6,220Net Assets 2023: $2,052,0502023Assets 2024: $2,269,086Liabilities 2024: $5,217Net Assets 2024: $2,263,8692024

Highlighted filing

2019

Assets$1,651,855
Liabilities$1,973
Net Assets$1,649,882

Operations Trend

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

$400K$300K$200K$100K$0Expenses 2010: $41,3342010Expenses 2011: $33,3522011Expenses 2012: $29,6562012Revenue 2013: $139,712Expenses 2013: $36,527Net Income 2013: $103,1852013Revenue 2014: $135,069Expenses 2014: $55,817Net Income 2014: $79,2522014Revenue 2015: $133,023Expenses 2015: $51,060Net Income 2015: $81,9632015Revenue 2016: $146,147Expenses 2016: $68,134Net Income 2016: $78,0132016Revenue 2017: $173,393Expenses 2017: $54,966Net Income 2017: $118,4272017Revenue 2018: $145,666Expenses 2018: $72,293Net Income 2018: $73,3732018Revenue 2019: $164,904Expenses 2019: $55,830Net Income 2019: $109,0742019Revenue 2020: $174,449Expenses 2020: $64,456Net Income 2020: $109,9932020Revenue 2021: $262,554Expenses 2021: $61,954Net Income 2021: $200,6002021Revenue 2022: $154,137Expenses 2022: $77,366Net Income 2022: $76,7712022Revenue 2023: $145,859Expenses 2023: $82,503Net Income 2023: $63,3562023Revenue 2024: $394,990Expenses 2024: $208,567Net Income 2024: $186,4232024

Highlighted filing

2019

Revenue$164,904
Expenses$55,830
Net Income$109,074
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$177,090
Mission and Program Overview

Mission

The central montcalm community foundation's mission is to enhance the quality of life in the central montcalm area through grants funded by the annual earnings generated from the gifts, bequests and estates contributed as endowments. With the annual earnings from these permanent endowments, many agencies, institutiosn and charitable organizations have and will be able to support progrmas for the long term benefit of centralm montcalm residents.

Literary, artistic or scientific undertakings in the moncalm county michigan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,442,522$1,611,805▲ $169,283
Savings and Temporary Cash Investments$18,350$38,294▲ $19,944
Accounts Receivable-$1,000-
Investments Other Securities$756$756→ $0
Total Assets$1,461,628$1,651,855▲ $190,227
Liabilities
Accounts Payable and Accrued Expenses$3,219$1,573▼ $1,646
Grants Payable-$400-
Total Liabilities$3,219$1,973▼ $1,246
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,426,137$1,602,302▲ $176,165
Net Assets Without Donor Restrictions$32,272$47,580▲ $15,308
Total Net Assets Fund Balance$1,458,409$1,649,882▲ $191,473
Total Liabilities and Net Assets / Fund Balance$1,461,628$1,651,855▲ $190,227

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,411,328$79,504---
2018$1,415,978$49,437▼ $7,259-$1,411,328
2017$1,260,593$88,472▲ $100,229-$1,415,978
2016$1,233,665$59,822▲ $16,391-$1,260,593
2015$1,110,068$54,748▲ $101,199-$1,233,665
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ginger GureckiPresident
Amy MeinhardtDirector
Curtis HoltDirector
Franz MogdisDirector
Heather JacobyDirector
Jeni WilliamsDirector
Kristy ThwaitesDirector
Mark GrossbauerDirector
Ron SimonDirector
Steve RussellDirector
Sue KearneyDirector
Mary MielSecretary
Doug SeymourTreasurer
Bill Simpson JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$95,174
Program Service Revenue
$0
Investment Income
$51,911
Other Revenue
$17,819
All Other Contributions
$79,504
Change in Net Assets
$109,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$164,904
Revenue Not Reported on Form 990
$82,399
Total Revenue per Audited Statements
$247,303
Total Revenue per Form 990
$164,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,015
Other Expenses$13,772
Salaries, Compensation, and Employee Benefits$9,043
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,850--$17,850
Grants to Domestic Orgs$15,165--$15,165
Other Salaries and Wages-$8,400-$8,400
Fees for Services Accounting-$8,245-$8,245
Office Expenses-$1,927-$1,927
Advertising-$1,456-$1,456
Insurance-$1,122-$1,122
Payroll Taxes-$643-$643
Conferences and Meetings-$586-$586
Information Technology-$183-$183
Other Expenses-$25-$25
Interest-$4-$4
Total Functional Expenses$33,015$22,815$0$55,830

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$55,830
Total Expenses per Audited Statements$55,830
Total Expenses per Form 990$55,830
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Montclm Public SchoolsStanton, MI501(c)-$8,565
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,752
Fundraising Direct Expenses$12,186
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$28,025$19,325$820$18,505
Big Bash$17,397$10,427$587$9,840
Total Events$45,422$29,752$12,186$17,566
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Diane MogdisWife of Board MPayroll for the DayNo$8,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
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

A copy of the form 990 is provided to each board member at a board of directors meeting.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statemetns are available to the public by request of a member of the board of directors.

Filing and Contact Details

Filer

Filer Name
Central Montcalm Community
EIN
38-3068773
Phone
9892892312
Address
PO BOX 128, STANTON, MI 48888

Signing Officer

Name
Doug Seymour
Title
Treasurer
Phone
9892892312
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ginger Gurecki
Formed
1992
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
10

Preparer

Firm
Seymour Tax & Business Consulting LLC
Address
307 S LAFAYETTE ST STE B, GREENVILLE, MI 48838
Preparer
Douglas R Seymour Mst Ea
Phone
6167452866
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The central montcalm community foundation's mission is to enhance the quality of life in the central montcalm area through grants funded by the annual earnings generated from the gifts, bequests and estates contributed as endowments. With the annual earnings from these permanent endowments, many agencies, institutiosn and charitable organizations have and will be able to support progrmas for the long term benefit of centralm montcalm residents.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The investment income from the community foundation term endowments funds are to be used for grants and scholarships as needed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INVESTMENT INCOME FROM THE COMMUNITY FOUNDATION TERM ENDOWMENTS FUNDS ARE TO BE USED FOR GRANTS AND SCHOLARSHIPS AS NEEDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BIG BASH
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0606
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IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02541
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0687
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01407
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0820
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0587
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/RecipientTable/CashGrantAmt08565
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTRAL MONTCLM PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 9
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STANTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048888

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.26$0.39$0.21$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.15$0.08$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.95$0.15$0.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.26$0.06$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.78$0.17$0.06$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.16$0.06$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.15$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.17$0.05$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.15$0.07$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.13$0.05$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.14$0.06$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.14$0.04$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.00$0.75$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.04