Civic Intelligence

M&M Area Community Foundation

990 • Fiscal year 2018 • EIN 38-3264725

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 19, 2019

1110 10th Avenue Rm/Ste 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

36th percentile

0.07x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.43x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

29th percentile

$75,559

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

16th percentile

-6.8%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

1.6%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$9,737,760

Down $711,559 (-6.8%) from 2017

Net Assets

Down

$9,093,035

Down $635,757 (-6.5%) from 2017

Liabilities

Down

$644,725

Down $75,802 (-11%) from 2017

Revenue

Up

$1,484,275

Up $23,916 (+1.6%) from 2017

Expenses

Down

$1,381,617

Down $387,122 (-22%) from 2017

Net Income

Up

$102,658

Up $411,038 (+133%) 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 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

2018

Assets$9,737,760
Liabilities$644,725
Net Assets$9,093,035

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

2018

Revenue$1,484,275
Expenses$1,381,617
Net Income$102,658
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 19, 2019
Return Version
2018v3.1
Gross Receipts
$1,489,503
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,771,440$8,957,441▼ $813,999
Savings and Temporary Cash Investments$608,828$563,620▼ $45,208
Cash and Non-Interest-Bearing Accounts$53,481$74,736▲ $21,255
Prepaid Expenses and Deferred Charges$1,929$2,722▲ $793
Total Assets$10,449,319$9,737,760▼ $711,559
Other Assets Total$13,641$139,241▲ $125,600
Liabilities
Other Liabilities$720,185$628,964▼ $91,221
Accounts Payable and Accrued Expenses$342$13,261▲ $12,919
Deferred Revenue-$2,500-
Total Liabilities$720,527$644,725▼ $75,802
Net Assets / Fund Balance
Unrestricted Net Assets$9,715,151$9,079,151▼ $636,000
Temporarily Rstr Net Assets$13,641$13,884▲ $243
Total Net Assets Fund Balance$9,728,792$9,093,035▼ $635,757
Total Liabilities and Net Assets / Fund Balance$10,449,319$9,737,760▼ $711,559

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,760-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$9,728,681$1,374,864▼ $540,609$269,835$9,106,016
2017$8,984,817$1,433,652▲ $1,232,311$254,834$9,728,681
2016$7,891,099$1,683,674▲ $518,114$285,454$8,984,817
2015$7,849,175$879,068▼ $28,200$260,022$7,891,099
2014$7,487,554$685,936▲ $261,503$174,398$7,849,175
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paula GruszynskiExecutive DiFT$75,559$75,559

Board Members and Trustees

NameTitle
Barbara PetersonPresident
Chris BehrendDirector
Cindy BoyleDirector
Cynthia KuberDirector
Daniel WardDirector
Jackie KampsDirector
Jen SchillerDirector
John LeeDirector
Josh JonesDirector
Laura CormierDirector
Mark RasnerDirector
Paul HinikerDirector
Todd SchloegelDirector
Lisa FernstrumSecretary
Susan EllieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,154,681
Program Service Revenue
$135,138
Investment Income
$191,550
Other Revenue
$2,906
All Other Contributions
$1,154,681
Change in Net Assets
$102,658

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
Real Estate Other1$125,000-
Securities Publicly Traded3$37,714Fair Market Value
Other Non Cash Contri Table2$10,692Fair Market Value
Clothing and Household Goods-$6,149Fair Market Value
Total Noncash Contributions6$179,555-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,484,275
Revenue Not Reported on Form 990
$-720,735
Total Revenue per Audited Statements
$763,540
Total Revenue per Form 990
$1,484,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$933,224
Other Expenses$295,488
Salaries, Compensation, and Employee Benefits$152,905
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$812,964--$812,964
Grants to Domestic Individuals$120,260--$120,260
Current Officers, Directors, Trustees, and Key Employees$60,447$15,112-$75,559
Other Salaries and Wages$48,607$12,151-$60,758
Fees for Service Investment Mgmnt Fees$57,451--$57,451
Fees for Services Accounting-$20,046-$20,046
All Other Expenses$11,863$5,690-$17,553
Payroll Taxes$10,064$2,516-$12,580
Conferences and Meetings$4,872$4,072-$8,944
Travel$5,457$1,364-$6,821
Other Expenses$6,582--$6,582
Occupancy$5,232$1,308-$6,540
Information Technology$5,211$1,303-$6,514
Pension Plan Contributions$3,206$802-$4,008
Insurance$2,097$524-$2,621
Office Expenses$1,854$463-$2,317
Total Functional Expenses$1,316,266$65,351$0$1,381,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,399,297
Expenses per Audited Statements$1,381,617
Total Expenses per Form 990$1,381,617
Expenses Not Reported on Form 990$17,680
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MarinetteMarinette, WIGovConstruction Expense$455,000
Dar Boys & Girls ClubMenominee, MI3Summer Day Camp$75,800
Healthy Youth Coalition of M & MMenominee, MI3Drug & Alcohol Aware$14,200
St Thomas Aquinas AcademyMarinette, WI3Supplies & Gift Card$10,120
Pincrest Medical Care FacilityMarinette, WI3Programs$9,000
Menominee Area Public SchoolsMenominee, MIGovReimbursement for Ex$8,000
Menominee Animal ShelterMenominee, MI3Operating Support$6,840
St Vincent De PaulMarinette, WI3General Support$6,500
Mdscaa Senior Services ProgramEscanaba, MI3Trans. & Program$6,077
Stephenson Area Public SchoolsStephenson, MIGovClean Energy$5,511
Marinette Menominee Area YouthMarinette, WI3Program Expenses$5,193
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 Liability$628,124
Mi State Payroll Tax Payable$840
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 RM/STE L-1, MENOMINEE, MI 49858

Signing Officer

Name
Barbara Peterson
Title
President
Phone
9068643599
Signed
2019-04-19

Organization Details

Principal Officer
Barbara Peterson
Formed
1994
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
119

Preparer

Firm
Kerberrose Sc
Address
115 E 5TH ST, SHAWANO, WI 54166
Preparer
Karen Kerber CPA
Phone
7155269400
Supplemental Narrative

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 is subject to a tax on income from any unrelated activities. 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 returns are subject to examination generally for three years after they are filed and its state returns generally for four years after they are filed. The organization has not identified any income it would consider to be unrelated business income.

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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.$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
2018Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits