South Haven Community Foundation
- Assets
- $3.9m
- Revenue
- $818.3k
- Investments
- $0.0
- Employees
- 0
- Location
- South Haven, MI
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 20-3841038
Organization Overview
South Haven Community Foundation, operating under the name Greater South Haven Area Community Foundation, is located in South Haven, MI. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater South Haven Area Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Greater South Haven Area Community Foundation generated $818.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $197.7k during the year ending 06/2022. While expenses have increased by 32.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Greater South Haven Area Community Foundation has awarded 21 individual grants totaling $234,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER SOUTH HAVEN AREA COMMUNITY FOUNDATION IS DEDICATED TO ENRICHING THE QUALITY OF LIFE IN THE AREA BY SECURING ITS FUTURE THROUGH ENDOWMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS OR PROGRAMS BASED ON THE DONORS' WISHES, SUPPORTING THE GREATER SOUTH HAVEN AREA IN CHARITABLE, CULTURAL, EDUCATIONAL AND ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Beglin President | OfficerTrustee | 2 | $0 |
Dennis Dascenzo Vice-President | OfficerTrustee | 2 | $0 |
Matthew Bo Strebeck Treasurer | OfficerTrustee | 4 | $0 |
Ida Sledge Secretary | OfficerTrustee | 2 | $0 |
Jim Marcoux Executive Director | OfficerTrustee | 4 | $0 |
Delores Atkins Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,557 |
| Total Program Service Revenue | $27,443 |
| Investment income | $60,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $152,165 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,443 |
| Advertising and promotion | $0 |
| Office expenses | $5,330 |
| Information technology | $985 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $941 |
| All other expenses | $0 |
| Total functional expenses | $197,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,587,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,890,424 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,200 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,200 |
| Net assets without donor restrictions | $3,860,224 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,890,424 |
Grants Awarded
Over the last fiscal year, South Haven Community Foundation has awarded $60,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
South Haven, MI PURPOSE: IMMEDIATE NEEDS | $40,800 |
Fennville, MI PURPOSE: IMMEDIATE NEEDS | $7,700 |
Benton Harbor, MI PURPOSE: IMMEDIATE NEEDS | $6,700 |
South Haven, MI PURPOSE: IMMEDIATE NEEDS | $5,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Haven Community Foundation has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $21,000 |
Zuckerman Family Foundation Glencoe, IL PURPOSE: PUBLIC CHARITY SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $3,801,974 |
| Earnings | -$691,799 |
| Admin Expense | $26,409 |
| Net Contributions | $429,835 |
| Grants | $135,739 |
| Ending Balance | $3,377,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |