Civic Intelligence

Gratiot County Community Foundation

990 • Fiscal year 2019 • EIN 38-3087756

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 17, 2020

P O Box 310Ithaca, MI 48847

(989) 875-4222

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.07x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.34x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

22nd percentile

-5.5%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

15th percentile

$61,500

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

38th percentile

0.8%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$14,829,402

Up $122,795 (+0.8%) from 2018

Net Assets

Up

$13,787,611

Up $51,419 (+0.4%) from 2018

Liabilities

Up

$1,041,791

Up $71,376 (+7.4%) from 2018

Revenue

Down

$778,825

Down $578,549 (-43%) from 2018

Expenses

Down

$821,510

Down $23,891 (-2.8%) from 2018

Net Income

Down

-$42,685

Down $554,658 (-108%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $8,078,175Liabilities 2011: $69,662Net Assets 2011: $8,008,5132011Assets 2012: $9,175,826Liabilities 2012: $279,553Net Assets 2012: $8,896,2732012Assets 2013: $10,705,543Liabilities 2013: $226,471Net Assets 2013: $10,479,0722013Assets 2014: $11,776,127Liabilities 2014: $233,074Net Assets 2014: $11,543,0532014Assets 2015: $11,720,658Liabilities 2015: $671,254Net Assets 2015: $11,049,4042015Assets 2016: $12,779,024Liabilities 2016: $712,043Net Assets 2016: $12,066,9812016Assets 2017: $14,002,773Liabilities 2017: $870,125Net Assets 2017: $13,132,6482017Assets 2018: $14,706,607Liabilities 2018: $970,415Net Assets 2018: $13,736,1922018Assets 2019: $14,829,402Liabilities 2019: $1,041,791Net Assets 2019: $13,787,6112019Assets 2020: $15,743,867Liabilities 2020: $1,078,161Net Assets 2020: $14,665,7062020Assets 2021: $18,151,693Liabilities 2021: $1,207,107Net Assets 2021: $16,944,5862021Assets 2022: $15,134,170Liabilities 2022: $994,186Net Assets 2022: $14,139,9842022Assets 2023: $16,159,661Liabilities 2023: $1,043,852Net Assets 2023: $15,115,8092023Assets 2024: $19,029,200Liabilities 2024: $1,242,295Net Assets 2024: $17,786,9052024Assets 2025: $20,286,147Liabilities 2025: $1,347,350Net Assets 2025: $18,938,7972025

Highlighted filing

2019

Assets$14,829,402
Liabilities$1,041,791
Net Assets$13,787,611

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $945,775Expenses 2011: $425,715Net Income 2011: $520,0602011Revenue 2012: $1,674,265Expenses 2012: $1,745,520Net Income 2012: -$71,2552012Revenue 2013: $1,980,188Expenses 2013: $875,281Net Income 2013: $1,104,9072013Revenue 2014: $1,585,542Expenses 2014: $534,193Net Income 2014: $1,051,3492014Revenue 2015: $1,916,694Expenses 2015: $658,077Net Income 2015: $1,258,6172015Revenue 2016: $1,142,240Expenses 2016: $738,919Net Income 2016: $403,3212016Revenue 2017: $1,581,257Expenses 2017: $826,171Net Income 2017: $755,0862017Revenue 2018: $1,357,374Expenses 2018: $845,401Net Income 2018: $511,9732018Revenue 2019: $778,825Expenses 2019: $821,510Net Income 2019: -$42,6852019Revenue 2020: $1,216,937Expenses 2020: $797,541Net Income 2020: $419,3962020Revenue 2021: $1,426,328Expenses 2021: $791,350Net Income 2021: $634,9782021Revenue 2022: $1,181,707Expenses 2022: $998,007Net Income 2022: $183,7002022Revenue 2023: $853,137Expenses 2023: $999,318Net Income 2023: -$146,1812023Revenue 2024: $1,336,603Expenses 2024: $1,019,159Net Income 2024: $317,4442024Revenue 2025: $1,198,376Expenses 2025: $979,290Net Income 2025: $219,0862025

Highlighted filing

2019

Revenue$778,825
Expenses$821,510
Net Income-$42,685
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 17, 2020
Return Version
2018v3.2
Gross Receipts
$789,629
Mission and Program Overview

Mission

To receive and accept property that will be exclusively used for charitable purposes, primarily for the benefit of Gratiot County residents and institutions.

To receive and accept property that will be exclusively used for charitable purposes, primarily for the benefit of gratiot county residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,665,663$13,568,288▼ $97,375
Cash and Non-Interest-Bearing Accounts$655,881$876,799▲ $220,918
Land, Buildings, and Equipment, Net$212,486$208,838▼ $3,648
Pledges and Grants Receivable$26,600$14,700▼ $11,900
Total Assets$14,706,607$14,829,402▲ $122,795
Other Assets Total$145,977$160,777▲ $14,800
Liabilities
Other Liabilities$727,742$760,579▲ $32,837
Grants Payable$105,412$147,343▲ $41,931
Mortgage Notes Payable Secured by Investment Property$134,478$131,345▼ $3,133
Accounts Payable and Accrued Expenses$2,783$2,524▼ $259
Total Liabilities$970,415$1,041,791▲ $71,376
Net Assets / Fund Balance
Temporarily Rstr Net Assets$13,531,371$13,545,171▲ $13,800
Unrestricted Net Assets$204,821$242,440▲ $37,619
Total Net Assets Fund Balance$13,736,192$13,787,611▲ $51,419
Total Liabilities and Net Assets / Fund Balance$14,706,607$14,829,402▲ $122,795

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$106,438$53,072$159,510
Land$102,400-$102,400

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$13,268,405$236,042▲ $625,776-$13,282,205
2018$12,751,126$41,784▲ $848,566-$13,268,405
2017$11,857,133$404,013▲ $1,242,686-$12,751,126
2016$10,916,037$724,786▲ $894,296-$11,857,133
2015$11,040,095$429,929▼ $177,415-$10,916,037
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tina TravisExecutive DiFT$61,500$61,500

Board Members and Trustees

NameTitle
Mike MillerPresident
Ali BarnesDirector
Audra StahlDirector
Cindy BosleyDirector
Dan RossmanDirector
Dr Michael StackDirector
John PobanzDirector
Kristi TealDirector
Laura BeverDirector
Nora ColthorpDirector
Paula MoeggenborgDirector
Renee SopelDirector
Rich RamereizDirector
Royce HummDirector
Sara WassanaarDirector
Sue MaloneDirector
Tim LambrechtDirector
Pam MunderlohSecretary
Jim WheelerTreasurer
Ruggie RamereizVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$338,403
Program Service Revenue
$0
Investment Income
$428,663
Other Revenue
$11,759
All Other Contributions
$338,403
Change in Net Assets
$-42,685

Audited Revenue Reconciliation

Revenue per Audited Statements
$778,825
Revenue Not Reported on Form 990
$104,908
Total Revenue per Audited Statements
$883,733
Total Revenue per Form 990
$778,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$513,978
Other Expenses$175,757
Salaries, Compensation, and Employee Benefits$131,775
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$513,978--$513,978
Current Officers, Directors, Trustees, and Key Employees-$61,500-$61,500
Other Salaries and Wages-$49,060-$49,060
Information Technology-$26,852-$26,852
Other Employee Benefits-$13,113-$13,113
Office Expenses-$10,061-$10,061
All Other Expenses-$9,391-$9,391
Payroll Taxes-$8,102-$8,102
Fees for Services Accounting-$6,096-$6,096
Other Expenses-$5,989-$5,989
Occupancy-$5,642-$5,642
Advertising-$5,474-$5,474
Interest-$4,191-$4,191
Insurance-$3,269-$3,269
Depreciation Depletion-$2,553-$2,553
Travel-$1,496-$1,496
Total Functional Expenses$513,978$307,532$0$821,510

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$832,314
Expenses per Audited Statements$821,510
Total Expenses per Form 990$821,510
Expenses Not Reported on Form 990$10,804
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
All Other Grants Less Than 5000--Various$210,401
City of St LouisSt Louis, MI-Renovate Pool$50,000
My Community Dental CenterStanton, MI-Establish Dental Prg$15,000
Ashley Elementary SchoolAshley, MIGovBasic Needs$14,900
Carrie Knause Elementary SchoolSt Louis, MIGovBasic Needs$14,900
Fulton ElementaryMiddleton, MIGovBasic Needs$14,900
Ithaca North ElementaryIthaca, MIGovBasic Needs$14,900
Ithaca South ElementaryIthaca, MIGovBasic Needs$14,900
Nikkari Elementary SchoolSt Louis, MI-Basic Needs$14,900
First Presbyterian ChurchAlma, MIGovKitchen Renovations$14,527
Breckenridge Elementary SchBreckenridge, MIGovBasic Needs$14,037
St Louis Public SchoolsSt Louis, MIGovWorkshop Equip$13,350
Alma Public SchoolsAlma, MIGovTechnology$11,889
St Louis Area Fire DeptSt Louis, MIGovPurchase Equipment$11,000
Alma Public SchoolsAlma, MIGovBank Uniforms$10,000
Gratiot-isabella ResdIthaca, MIGovMedical Care Kits$10,000
Pardee Cancer TreatmentAlma, MIGovTransportation Exp$9,100
City of AlmaAlma, MI501c3Transportation Eq$7,266
Gratiot Emergency Housing CorpAlma, MIGovHomeless Assistance$6,000
Lincoln Road Methodist ChurchRiverdale, MI501c3Generator$5,800
Breckenridge SchoolsBreckenridge, MIGovSteam Camp$5,690
Gratiot-isabella ResdIthaca, MIGovEarth Sci Equip$5,318
Ithaca Fire DepartmentIthaca, MIGovFire Equip$5,200
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
Agency Endowments$760,579
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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

Certain board members receive and review the annual form 990 prior to its submission. The filed return is then presented to the board as a whole.

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

Each trustee, officer, member of a committee with board delegated powers and employee shall sign a disclosure statement at the beginning of their term, which, in addition to providing disclosure of employment and financial interest, affirms that such person a) has received a copy of the conflict of interest policy, b)has read and understands the policy, c) has agreed to comply with the policy, and d) understands that the foundation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

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

Compensation for the executive director of the foundation is subject to annual review and approval by the board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are available to for public inespection upon written request.

Filing and Contact Details

Filer

Filer Name
Gratiot County Community Foundation
EIN
38-3087756
Phone
9898754222
Address
P O BOX 310, ITHACA, MI 48847

Signing Officer

Name
Jim Wheeler
Title
Treasurer
Phone
9898754222
Signed
2020-08-17

Organization Details

Principal Officer
Jim Wheeler
Voting Board Members
20
Independent Board Members
20
Employees
4
Volunteers
20

Preparer

Firm
Roslund Prestage & Company Pc
Address
525 W WARWICK DR STE A, ALMA, MI 48801
Preparer
William C Hirschman CPA
Phone
9894636123
Supplemental Narrative

Additional Explanations

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

Grants and scholarships awarded for community projects and programs in fields of education, health, human services, arts, culture and community service.

Form 990, Part XI, Line 9

Rental activity shown on 990, part viii 10,804 rental activity shown on 990, part viii -10,804 adjustment for rental activity 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Rental activity shown on 990, part viii 10,804

Schedule D, Page 4, Part XII, Line 2D

Rental activity shown on 990, part viii 10,804

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.3$1.35$18.9$1.20$0.98$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$1.24$17.8$1.34$1.02$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$1.04$15.1$0.85$1.00$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$0.99$14.1$1.18$1.00$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$1.21$16.9$1.43$0.79$0.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$1.08$14.7$1.22$0.80$0.42
2019Detailed filing. Detailed filing data is available for this year.$14.8$1.04$13.8$0.78$0.82$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$0.97$13.7$1.36$0.85$0.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$0.87$13.1$1.58$0.83$0.76
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.71$12.1$1.14$0.74$0.40
2015Detailed filing. Detailed filing data is available for this year.$11.7$0.67$11.0$1.92$0.66$1.26
2014Summary only. Only limited summary data is available for this year.$11.8$0.23$11.5$1.59$0.53$1.05
2013Summary only. Only limited summary data is available for this year.$10.7$0.23$10.5$1.98$0.88$1.10
2012Summary only. Only limited summary data is available for this year.$9.18$0.28$8.90$1.67$1.75$0.07
2011Summary only. Only limited summary data is available for this year.$8.08$0.07$8.01$0.95$0.43$0.52
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits