Civic Intelligence

Keweenaw Community Foundation

990 • Fiscal year 2013 • EIN 38-3223079

Apr 01, 2012 to Mar 31, 2013 • Filed on Dec 13, 2013

236 Quincy StreetHancock, MI 49930
Siviq Scores

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

Liabilities / Assets

46th percentile

0.16x

Higher debt load relative to assets than 46% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

86th percentile

1.86x

Higher debt load relative to revenue than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

87th percentile

45%

Faster revenue growth than 87% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Assets

Up

$6,052,802

Up $656,999 (+12%) from 2012

Net Assets

Up

$5,081,791

Up $649,051 (+15%) from 2012

Liabilities

Up

$971,011

Up $7,948 (+0.8%) from 2012

Revenue

Up

$523,164

Up $162,894 (+45%) from 2012

Expenses

Down

$225,744

Down $44,120 (-16%) from 2012

Net Income

Up

$297,420

Up $207,014 (+229%) from 2012

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,274,504Liabilities 2011: $936,663Net Assets 2011: $4,337,8412011Assets 2012: $5,395,803Liabilities 2012: $963,063Net Assets 2012: $4,432,7402012Assets 2013: $6,052,802Liabilities 2013: $971,011Net Assets 2013: $5,081,7912013Assets 2014: $6,870,535Liabilities 2014: $968,897Net Assets 2014: $5,901,6382014Assets 2015: $7,214,690Liabilities 2015: $1,029,451Net Assets 2015: $6,185,2392015Assets 2016: $7,104,156Liabilities 2016: $984,006Net Assets 2016: $6,120,1502016Assets 2017: $7,694,048Liabilities 2017: $1,018,442Net Assets 2017: $6,675,6062017Assets 2018: $8,397,734Liabilities 2018: $992,173Net Assets 2018: $7,405,5612018Assets 2019: $9,044,175Liabilities 2019: $1,360,943Net Assets 2019: $7,683,2322019Assets 2020: $7,893,529Liabilities 2020: $1,319,653Net Assets 2020: $6,573,8762020Assets 2021: $10,925,784Liabilities 2021: $1,444,436Net Assets 2021: $9,481,3482021Assets 2022: $927,072Liabilities 2022: $380,006Net Assets 2022: $547,0662022Assets 2023: $11,839,822Liabilities 2023: $1,942,336Net Assets 2023: $9,897,4862023Assets 2024: $12,261,070Liabilities 2024: $1,209,279Net Assets 2024: $11,051,7912024

Highlighted filing

2013

Assets$6,052,802
Liabilities$971,011
Net Assets$5,081,791

Operations Trend

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

$10M$5.0M$0Revenue 2011: $403,274Expenses 2011: $148,877Net Income 2011: $254,3972011Revenue 2012: $360,270Expenses 2012: $269,864Net Income 2012: $90,4062012Revenue 2013: $523,164Expenses 2013: $225,744Net Income 2013: $297,4202013Revenue 2014: $540,898Expenses 2014: $264,597Net Income 2014: $276,3012014Revenue 2015: $463,101Expenses 2015: $267,454Net Income 2015: $195,6472015Revenue 2016: $607,519Expenses 2016: $295,110Net Income 2016: $312,4092016Revenue 2017: $460,155Expenses 2017: $406,005Net Income 2017: $54,1502017Revenue 2018: $765,113Expenses 2018: $403,545Net Income 2018: $361,5682018Revenue 2019: $1,279,822Expenses 2019: $899,943Net Income 2019: $379,8792019Revenue 2020: $677,542Expenses 2020: $619,137Net Income 2020: $58,4052020Revenue 2021: $679,846Expenses 2021: $519,183Net Income 2021: $160,6632021Revenue 2022: $215,792Expenses 2022: $122,936Net Income 2022: $92,8562022Revenue 2023: $9,126,867Expenses 2023: $192,894Net Income 2023: $8,933,9732023Revenue 2024: $1,870,728Expenses 2024: $827,762Net Income 2024: $1,042,9662024

Highlighted filing

2013

Revenue$523,164
Expenses$225,744
Net Income$297,420
Jump To
Filing Snapshot
Filing Period
Apr 1, 2012 to Mar 31, 2013
Signed
Dec 13, 2013
Return Version
2012v2.3
Gross Receipts
$785,926
Mission and Program Overview

Mission

The mission of the keweenaw community foundation is to promote philanthropy, develop and manage permanent endowments from a broad range of donors, and award charitable grants that enhance quality of life in the keweenaw.

Major Activities

Activity 2
Donor advised grants - 7,400 - grants to local non-profits in support of their programs. 100 each to numerous organization and churches. 200 each to various scholarship programs, churches, and civic organizations. 200 for the ride to read program, an annual program for children 6 to 14. The program encourages youth to read during the summer. The readers then participate in a drawing for a new quality mountain bike and helmet. Twenty bikes are awarded. This is a colaborative venture with the school district providing posters, registration and outreach to schools and libraries. The daily mining gazette prints free ads, the houghton rotary along with other individuals and organizations donate funds. Five regional bike shops also participate providing the quality bikes at or slightly above costs. The program receives letters form kids and parents showing the excitement the program generates and libraries also notice the great number of books that are read during the summer.
Activity 3
Little brothers friends of the elderly: turn up the heat program helps elderly people with heating assistance. 3,000 - bernard f gaffney memorial scholarship: award to a graduating senior at houghton high school. The scholarship is awarded to a student or students who demonstrate need, character, determination, and have a specific goal. 1,000 - heart and hands award. A yearly award from a designated endowment to non-profit organization in honor of a local volunteer.
Filing and Contact Details

Filer

EIN
38-3223079
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IRS990ScheduleA/GeneralExplanation0PART II, LINE 10. OTHER INCOME CONSISTS OF AMOUNTS RECEIVED FOR ADMINISTRATIVE SERVICES. THESE ARE PRIMARILY FEES FOR SERVING AS A TRUSTEE FOR A UNITRUST AND PERIODICALLY THERE ARE ALSO FEES FOR ACTING AS A FIDUCIARY FOR GRANTS RECEIVED BY OTHER LOCAL NON-PROFIT ORGANIZATIONS.
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear0142635
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0165328
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0157409
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0142473
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years0283309
IRS990ScheduleA/GiftsGrantsContribReceived170/Total0891154
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear0128336
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year0124196
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years0119043
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0107356
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years0120895
IRS990ScheduleA/GrossInvestmentIncome170/Total0599826
IRS990ScheduleA/OtherIncome170/CurrentTaxYear07175
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year05091
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years05630
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years02054
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years03597
IRS990ScheduleA/OtherIncome170/Total023547
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.53970
IRS990ScheduleA/PublicSupportPertcentPriorYear00.54580
IRS990ScheduleA/PublicSupportTotal1700817434
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear0142635
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year0165328
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0157409
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0142473
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0283309
IRS990ScheduleA/Total170/Total0891154
IRS990ScheduleA/TotalSupport01514527
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/AggregateDAFValue01094366
IRS990ScheduleD/BoardDesignatedEOYBalance00.53850
IRS990ScheduleD/CurrentYear/AdministrativeExpenses061127
IRS990ScheduleD/CurrentYear/BeginningOfYearBalance03405236
IRS990ScheduleD/CurrentYear/Contributions0333193
IRS990ScheduleD/CurrentYear/EndOfYearBalance03854407
IRS990ScheduleD/CurrentYear/GrantsOrScholarships093458
IRS990ScheduleD/CurrentYear/InvestmentEarningsOrLosses0270563
IRS990ScheduleD/CurrentYearMinus1Year/AdministrativeExpenses058171
IRS990ScheduleD/CurrentYearMinus1Year/BeginningOfYearBalance03275234
IRS990ScheduleD/CurrentYearMinus1Year/Contributions0156283
IRS990ScheduleD/CurrentYearMinus1Year/EndOfYearBalance03405236
IRS990ScheduleD/CurrentYearMinus1Year/GrantsOrScholarships094505
IRS990ScheduleD/CurrentYearMinus1Year/InvestmentEarningsOrLosses0126395
IRS990ScheduleD/CurrentYearMinus2Years/AdministrativeExpenses057126
IRS990ScheduleD/CurrentYearMinus2Years/BeginningOfYearBalance02837074
IRS990ScheduleD/CurrentYearMinus2Years/Contributions0148632
IRS990ScheduleD/CurrentYearMinus2Years/EndOfYearBalance03275234
IRS990ScheduleD/CurrentYearMinus2Years/GrantsOrScholarships014421
IRS990ScheduleD/CurrentYearMinus2Years/InvestmentEarningsOrLosses0361075
IRS990ScheduleD/CurrentYearMinus3Years/AdministrativeExpenses065135
IRS990ScheduleD/CurrentYearMinus3Years/BeginningOfYearBalance02163898
IRS990ScheduleD/CurrentYearMinus3Years/Contributions0124097
IRS990ScheduleD/CurrentYearMinus3Years/EndOfYearBalance02837074
IRS990ScheduleD/CurrentYearMinus3Years/GrantsOrScholarships029300
IRS990ScheduleD/CurrentYearMinus3Years/InvestmentEarningsOrLosses0644172
IRS990ScheduleD/CurrentYearMinus3Years/OtherExpenditures0658
IRS990ScheduleD/CurrentYearMinus4Years/AdministrativeExpenses063728
IRS990ScheduleD/CurrentYearMinus4Years/BeginningOfYearBalance02524140

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.21$11.1$1.87$0.83$1.04
2023Detailed filing. Detailed filing data is available for this year.$11.8$1.94$9.90$9.13$0.19$8.93
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.38$0.55$0.22$0.12$0.09
2021Detailed filing. Detailed filing data is available for this year.$10.9$1.44$9.48$0.68$0.52$0.16
2020Summary only. Only limited summary data is available for this year.$7.89$1.32$6.57$0.68$0.62$0.06
2019Summary only. Only limited summary data is available for this year.$9.04$1.36$7.68$1.28$0.90$0.38
2018Summary only. Only limited summary data is available for this year.$8.40$0.99$7.41$0.77$0.40$0.36
2017Detailed filing. Detailed filing data is available for this year.$7.69$1.02$6.68$0.46$0.41$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.10$0.98$6.12$0.61$0.30$0.31
2015Detailed filing. Detailed filing data is available for this year.$7.21$1.03$6.19$0.46$0.27$0.20
2014Detailed filing. Detailed filing data is available for this year.$6.87$0.97$5.90$0.54$0.26$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.97$5.08$0.52$0.23$0.30
2012Summary only. Only limited summary data is available for this year.$5.40$0.96$4.43$0.36$0.27$0.09
2011Summary only. Only limited summary data is available for this year.$5.27$0.94$4.34$0.40$0.15$0.25