Civic Intelligence

M&M Area Community Foundation

990 • Fiscal year 2014 • EIN 38-3264725

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 04, 2015

1110 10th AvenueRoom/Suite L-1Menominee, MI 49858

(906) 864-3599

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.34x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

55th percentile

4.1%

Faster asset growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$8,127,062

Up $316,516 (+4.1%) from 2013

Net Assets

Up

$7,849,176

Up $361,621 (+4.8%) from 2013

Liabilities

Down

$277,886

Down $45,105 (-14%) from 2013

Revenue

Down

$823,141

Down $168,663 (-17%) from 2013

Expenses

Down

$566,066

Down $4,186 (-0.7%) from 2013

Net Income

Down

$257,075

Down $164,477 (-39%) from 2013

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 2010: $5,880,328Liabilities 2010: $592,925Net Assets 2010: $5,287,4032010Assets 2011: $6,388,743Liabilities 2011: $819,188Net Assets 2011: $5,569,5552011Assets 2012: $6,890,983Liabilities 2012: $448,223Net Assets 2012: $6,442,7602012Assets 2013: $7,810,546Liabilities 2013: $322,991Net Assets 2013: $7,487,5552013Assets 2014: $8,127,062Liabilities 2014: $277,886Net Assets 2014: $7,849,1762014Assets 2015: $8,141,095Liabilities 2015: $250,002Net Assets 2015: $7,891,0932015Assets 2016: $9,491,365Liabilities 2016: $506,765Net Assets 2016: $8,984,6002016Assets 2017: $10,449,319Liabilities 2017: $720,527Net Assets 2017: $9,728,7922017Assets 2018: $9,737,760Liabilities 2018: $644,725Net Assets 2018: $9,093,0352018Assets 2019: $11,129,542Liabilities 2019: $783,151Net Assets 2019: $10,346,3912019Assets 2020: $10,573,840Liabilities 2020: $823,809Net Assets 2020: $9,750,0312020Assets 2021: $13,449,380Liabilities 2021: $845,003Net Assets 2021: $12,604,3772021Assets 2022: $12,324,397Liabilities 2022: $681,277Net Assets 2022: $11,643,1202022Assets 2023: $13,909,712Liabilities 2023: $762,311Net Assets 2023: $13,147,4012023Assets 2024: $15,036,360Liabilities 2024: $846,963Net Assets 2024: $14,189,3972024

Highlighted filing

2014

Assets$8,127,062
Liabilities$277,886
Net Assets$7,849,176

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $375,9512010Expenses 2011: $440,9112011Expenses 2012: $548,2552012Revenue 2013: $991,804Expenses 2013: $570,252Net Income 2013: $421,5522013Revenue 2014: $823,141Expenses 2014: $566,066Net Income 2014: $257,0752014Revenue 2015: $968,892Expenses 2015: $747,810Net Income 2015: $221,0822015Revenue 2016: $1,741,478Expenses 2016: $962,903Net Income 2016: $778,5752016Revenue 2017: $1,460,359Expenses 2017: $1,768,739Net Income 2017: -$308,3802017Revenue 2018: $1,484,275Expenses 2018: $1,381,617Net Income 2018: $102,6582018Revenue 2019: $1,059,985Expenses 2019: $1,181,284Net Income 2019: -$121,2992019Revenue 2020: $1,236,528Expenses 2020: $2,277,853Net Income 2020: -$1,041,3252020Revenue 2021: $3,174,787Expenses 2021: $1,169,561Net Income 2021: $2,005,2262021Revenue 2022: $1,935,940Expenses 2022: $913,894Net Income 2022: $1,022,0462022Revenue 2023: $1,065,780Expenses 2023: $1,113,390Net Income 2023: -$47,6102023Revenue 2024: $931,207Expenses 2024: $1,320,486Net Income 2024: -$389,2792024

Highlighted filing

2014

Revenue$823,141
Expenses$566,066
Net Income$257,075
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 4, 2015
Return Version
2014v5.0
Gross Receipts
$835,980
Mission and Program Overview

Mission

To inspire to provide lasting legacies that enrich our communities. We are committed to helping donors achieve their charitable goals by making the process of giving easier and more efficient.

To encourage and provide opportunities for charitable giving, to manage and distribute the funds in a responsible manner, and to enhance the quality of life for people with a primary focus in menominee and marinette counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,388,944$7,595,031▲ $206,087
Cash and Non-Interest-Bearing Accounts$82,917$280,777▲ $197,860
Savings and Temporary Cash Investments$95,646$225,247▲ $129,601
Pledges and Grants Receivable$200,000--
Accounts Receivable$8,311$9,470▲ $1,159
Land, Buildings, and Equipment, Net$9,468$2,980▼ $6,488
Prepaid Expenses and Deferred Charges$1,095$1,050▼ $45
Total Assets$7,810,546$8,127,062▲ $316,516
Other Assets Total$24,165$12,507▼ $11,658
Liabilities
Other Liabilities$315,088$274,833▼ $40,255
Accounts Payable and Accrued Expenses$7,903$3,053▼ $4,850
Total Liabilities$322,991$277,886▼ $45,105
Net Assets / Fund Balance
Unrestricted Net Assets$7,463,391$7,836,669▲ $373,278
Temporarily Rstr Net Assets$24,164$12,507▼ $11,657
Total Net Assets Fund Balance$7,487,555$7,849,176▲ $361,621
Total Liabilities and Net Assets / Fund Balance$7,810,546$8,127,062▲ $316,516

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,980$7,357-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$7,487,554$685,936▲ $261,503$174,398$7,849,175
2013$6,442,760$837,817▲ $812,957$223,201$7,487,554
2012$5,569,555$806,939▲ $628,254$271,215$6,442,760
2011$5,287,403$826,067▼ $76,421$282,606$5,569,555
2010$4,442,208$767,786▲ $501,986$250,681$5,287,403
Compensation and Service Providers

Board Members and Trustees

NameTitle
Drew MayPresident
Daniel WardDirector
Deb FisherDirector
Jan ScovilleDirector
Jerry DerushaDirector
Karen SeberoDirector
Lynn DufraneDirector
Michele BiehlDirector
Robin Kinzer WestDirector
Todd SchloegelDirector
Wes HoffmanDirector
Barbara PetersonSecretary
Bruce PetersTreasurer
Lisa FernstrumVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$525,473
Program Service Revenue
$105,416
Investment Income
$154,131
Other Revenue
$38,121
All Other Contributions
$525,473
Change in Net Assets
$257,075

Audited Revenue Reconciliation

Revenue per Audited Statements
$835,980
Revenue Not Reported on Financial Statements
$-12,839
Revenue Not Reported on Form 990
$119,730
Other Revenue Adjustments
$-12,839
Total Revenue per Audited Statements
$955,710
Total Revenue per Form 990
$823,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$249,055
Other Expenses$231,280
Salaries, Compensation, and Employee Benefits$85,731
Total Fundraising Expense$10,131
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$144,512--$144,512
Grants to Domestic Individuals$104,543--$104,543
Other Salaries and Wages$60,351$11,316$3,772$75,439
Fees for Service Investment Mgmnt Fees$48,986--$48,986
Fees for Services Accounting-$19,648-$19,648
Occupancy$9,320$1,748$583$11,651
Payroll Taxes$8,233$1,544$515$10,292
All Other Expenses$2,650$2,893$976$6,519
Conferences and Meetings-$1,100$3,300$4,400
Other Expenses$2,996$562$187$3,745
Depreciation Depletion$2,931$549$183$3,663
Information Technology$2,818$528$176$3,522
Office Expenses$1,829$342$114$2,285
Insurance$1,740$325$109$2,174
Travel$318$35-$353
Total Functional Expenses$495,947$59,988$10,131$566,066

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$594,089
Expenses per Audited Statements$568,892
Total Expenses per Form 990$566,066
Expenses Not Reported on Form 990$25,197
Expenses Not Reported on Financial Statements$-2,826
Other Expense Adjustments$-2,826
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Menominee Opera HouseMenominee, MI3Building Upgrades$30,000
Healthy Youth Coalition of M & MMenominee, MI3Drug & Alcohol Aware$12,023
Pincrest Medical Care FacilityMarinette, WI3Furn & Security Equi$10,000
Rainbow House Domestic AbuseMarinette, WI3Domestic Viol. Aware$6,856
Dar Boys & Girls ClubMenominee, MI3Summer Day Camp$6,813
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$46,970
Fundraising Direct Expenses$10,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tailgate Event$39,560$39,560$7,511$32,049
Total Events$39,560$39,560$7,511$32,049
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 Liability$271,391
Fica Payable$1,627
Mi State Payroll Tax Payable$664
Federal Payroll Tax Payable$632
Unemployment Tax Payable$219
Ira$210
Wi State Payroll Tax Payable$90
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

The executive director reviews and approves the 990 prior to submitting the return.

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

The foundation presents its conflict of interest policy to all board of directors annually and requires each director to disclose all relationships with both for-profit and not-for-profit organizations that the foundation may conduct business with or issue grants to. In addition, directors disclose their role with financial institutions in which the foundation has invested assets. Directors are required to abstain from voting on all business matters in which a potential conflict of interest may exist. If a member has to abstain from a vote due to a conflict of interest, this is noted in the minutes. All conflict of interest disclosure forms are kept by the foundation as a permanent record. At the beginning of each board meeting the board chair reminds members of the conflict of interest policy.

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

Review by executive committee with recommendation to board.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
M & M Area Community Foundation
EIN
38-3264725
Phone
9068643599
Address
1110 10TH AVENUE, ROOM/SUITE L-1, MENOMINEE, MI 49858

Signing Officer

Name
Drew May
Title
President
Phone
9068643599
Signed
2015-09-04

Organization Details

Principal Officer
Drew May
Formed
1994
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
29

Preparer

Firm
Kerberrose Sc
Address
115 E 5TH ST, SHAWANO, WI 54166
Preparer
Leah J Lasecki CPA
Phone
7155269400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Donated program and fundraising materials 1,917 fund raising expenses deducted from income 10,013 loss on disposal of equipment 2,826 fund raising expenses deducted from income -10,013 donated program and fundraising materials -1,917 loss on disposal of assets -2,826

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has been classified as an other-than private foundation and is tax-exempt under section 501(c)(3) of the internal revenue code. Accordingly, no income tax provision is recognized for financial reporting purposes. Gifts, grants and bequests are deductible by donors within limitations of the internal revenue code. The organization continually evaluates its tax position, changes in tax law and new authoritative rulings for potential implications to its tax status. The organization's federal tax returns are subject to examination generally for three years after they are filed and its state tax returns generally for four years after they are filed. The organization has not identified any income it would consider to be unrelated business income.

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

Donated program and fundraising materials 1,917

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

Fund raising expenses deducted from income -10,013 loss on disposal of equipment -2,826

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

Fund raising expenses deducted from income 10,013 donated program and fundraising materials 1,917

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

Loss on disposal of assets -2,826

Schedule D, Page 4, Part XIII

Part v, line 4 - intended uses for endowment funds the organization's component endowment funds are of various types reflecting the purposes of the donors who have contributed to them. Undesignated funds - undesignated funds are those for which the board has full discretion in making distributions for charitable purposes to meet community needs. Field of interest funds - field of interest funds are used at the board's discretion to meet a general field of charitable need specified by the donor. Donor advised funds - donor advised funds are those for which the donor has reserved the right to make nonbinding distribution recommendations to the board. Donor designated funds - donor designated funds have been established by donors to provide sustaining support to a specific institution, agency or program specified by the donor.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0TO ENCOURAGE AND PROVIDE OPPORTUNITIES FOR CHARITABLE GIVING, TO MANAGE AND DISTRIBUTE THE FUNDS IN A RESPONSIBLE MANNER, AND TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH A PRIMARY FOCUS IN MENOMINEE AND MARINETTE COUNTIES.
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IRS990/OtherExpensesGrp/Desc1IN-KIND SERVICES
IRS990/OtherExpensesGrp/Desc2VOLUNTEER APPRECIATION
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0216
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1648
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2562
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IRS990/OtherExpensesGrp/ProgramServicesAmt13459
IRS990/OtherExpensesGrp/ProgramServicesAmt22996
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IRS990/OtherExpensesGrp/TotalAmt118750
IRS990/OtherExpensesGrp/TotalAmt24323
IRS990/OtherExpensesGrp/TotalAmt33745
IRS990/OtherLiabilitiesGrp/BOYAmt0315088
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0515
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01544
IRS990/PayrollTaxesGrp/ProgramServicesAmt08233
IRS990/PayrollTaxesGrp/TotalAmt010292
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01095
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IRS990/PrincipalOfficerNm0DREW MAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105416
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0678051
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0278449
IRS990/PYInvestmentIncomeAmt0188504
IRS990/PYOtherExpensesAmt0202188
IRS990/PYOtherRevenueAmt026528
IRS990/PYProgramServiceRevenueAmt098721
IRS990/PYRevenuesLessExpensesAmt0421552
IRS990/PYSalariesCompEmpBnftPaidAmt089615
IRS990/PYTotalExpensesAmt0570252
IRS990/PYTotalRevenueAmt0991804
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0257075
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095646
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0225247
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SPECIAL EVENTS 263,349
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0660277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0658956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0553991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03076748
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0156957
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt061055
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.85$14.2$0.93$1.32$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.76$13.1$1.07$1.11$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.68$11.6$1.94$0.91$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$0.85$12.6$3.17$1.17$2.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.82$9.75$1.24$2.28$1.04
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$11.1$0.78$10.3$1.06$1.18$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.74$0.64$9.09$1.48$1.38$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.72$9.73$1.46$1.77$0.31
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.49$0.51$8.98$1.74$0.96$0.78
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.14$0.25$7.89$0.97$0.75$0.22
2014Detailed filing. Detailed filing data is available for this year.$8.13$0.28$7.85$0.82$0.57$0.26
2013Detailed filing. Detailed filing data is available for this year.$7.81$0.32$7.49$0.99$0.57$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.45$6.44$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.82$5.57$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.59$5.29$0.38