Fremont Area Community Foundation

Organization Overview

Fremont Area Community Foundation is located in Fremont, MI. The organization was established in 1957. 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. As of 12/2021, Fremont Area Community Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fremont 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 12/2021, Fremont Area Community Foundation generated $22.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 1.8% 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 2014, Fremont Area Community Foundation has awarded 1,019 individual grants totaling $67,913,489. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE PHILANTHROPY THROUGH GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING CHARITABLE SERVICES THAT BENEFIT THE PEOPLE OF NEWAYGO COUNTY AND THE SURROUNDING AREA OF WESTERN MICHIGAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY RESPONSIVE GRANTMAKING: ADMINISTERING AND DISTRIBUTING FUNDS RECEIVED EXCLUSIVELY FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE SERVICES FOR THE BENEFIT OF THE PEOPLE OF NEWAYGO COUNTY, MICHIGAN AND THE SURROUNDING AREA OF WESTERN MICHIGAN. CATEGORIES OF FUNDING INCLUDE CHARITABLE PURPOSES ACROSS MANY SECTORS, INCLUDING BUT NOT LIMITED TO HEALTH, EDUCATION, COMMUNITY DEVELOPMENT, AND SERVICES TO VULNERABLE POPULATIONS.


EDUCATION: TO INCREASE PROPORTION OF RESIDENTS WITH COLLEGE, CREDENTIALS, OR CERTIFICATIONS TO 60% BY THE YEAR 2025 IN NEWAYGO COUNTY, MICHIGAN. INCLUDES THE ADMINISTRATION AND DISTRIBUTION OF FUNDS FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE EDUCATIONAL SERVICES. CATEGORIES OF FUNDING INCLUDE KINDERGARTEN READINESS, STEAM, LITERACY, REMEDIATION AND ACTIVITIES THAT CREATE A POSITIVE COLLEGE AND CAREER-ORIENTED CULTURE. ALSO INCLUDES SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS SERVING RESIDENTS OF NEWAYGO COUNTY, MICHIGAN AND THE SURROUNDING AREA OF WESTERN MICHIGAN.


POVERTY TO PROSPERITY: TO REDUCE POVERTY TO AT OR BELOW THE NATIONAL AVERAGE IN NEWAYGO COUNTY, MICHIGAN. INCLUDES THE ADMINISTRATION AND DISTRIBUTION OF FUNDS FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE PROGRAMS IN SELF-SUFFICIENCY, ASSET DEVELOPMENT AND SOCIAL CAPITAL/EMPOWERMENT OF INDIVIDUALS.


COMMUNITY & ECONOMIC DEVELOPMENT: TO REDUCE AND MAINTAIN THE UNEMPLOYMENT RATE BELOW THE NATIONAL AVERAGE WHILE PRESERVING OUR RURAL CHARACTER IN NEWAYGO COUNTY, MICHIGAN AND THE SURROUNDING AREA OF WESTERN MICHIGAN. INCLUDES THE ADMINISTRATION AND DISTRIBUTION OF FUNDS FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE WORKFORCE, SMALL BUSINESS AND ENTREPRENEURSHIP DEVELOPMENT DESIGNED TO HIRE UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF NEWAYGO COUNTY, MICHIGAN; INCREASE CAPACTIY OF LOCAL COMMUNITY AND ECONOMIC DEVELOPMENT PARTNERS; NATURAL RESOURCES PRMOTION AND UTILIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$228,600
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,204,580
Noncash contributions included in lines 1a–1f $524,549
Total Revenue from Contributions, Gifts, Grants & Similar$2,433,180
Total Program Service Revenue$204,749
Investment income $12,461,560
Tax Exempt Bond Proceeds $0
Royalties $51
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,041,540
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,142,594

Grants Awarded

Over the last fiscal year, Fremont Area Community Foundation has awarded $7,824,657 in support to 101 organizations.

Grant RecipientAmount

TRUENORTH COMMUNITY SERVICES

Org PageRecipient Profile

Fremont, MI

PURPOSE: Children's Services; Circles 2022; Food Distribution in Newaygo County; General Operating and Program Support; Housing and Family Services ; Hunger Prevention Programs; LiveWell Mental Health Resources Campaign; Parks in Focus; Scholarship Program 2022; SpeakUP 2.0 (2022/2023 School Year); STEAMing Up Summer 2022; TrueBlue Academy - White Cloud; Volunteer Management Project; Volunteer Resource Center 2022

$1,106,935

NEWAYGO COUNTY REGIONAL EDUCATIONAL SERVICE AGENCY

PURPOSE: 2021 Filling the Early Childhood Gap; 2021 Parents as Teachers; 2022 Summer Enrichment; 2022 Summer Internship Program; Classroom Store; College for Kids 2022; Community Outreach Learning Program 2021-2022; Early Literacy Initiative Year 6; Family Information Service Hub (F.I.S.H.) 2022; Food Science and Processing Educational Program; Newaygo County Area Promise Zone and WE CAN! Newaygo County

$854,061

GRANT PUBLIC SCHOOLS

PURPOSE: After School Program 2021-2022; Cafe Connections; GOAL 22% by 2022; Lego Engineering; Modern Poetry; Design Project; Making Math Memorable; Mavin Innovation and Career Success-Year 2; Mobility Path to Independence; Nature is our Educator-Place Based Learning; Rally Cap Summer Outreach; Summer

$598,285

HERITAGE MUSEUM OF NEWAYGO COUNTY

Org PageRecipient Profile

Newaygo, MI

PURPOSE: 2022 Technology Upgrade; General Operating Support

$348,555

NEWAYGO COUNTY COUNCIL FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT

Org PageRecipient Profile

White Cloud, MI

PURPOSE: 2021-2022 General Operating Support; Assistance to the Poor; Capital Campaign; Capital Request; Summer Program 2022

$318,592

ARTS CENTER FOR NEWAYGO COUNTY

Org PageRecipient Profile

Fremont, MI

PURPOSE: General Operating & Program Support 2021-2022; Operating and Program Support - Donor Designated

$315,589
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Fremont Area Community Foundation has recieved totaling $99,196.

Awarding OrganizationAmount
Fremont Area Elderly Needs Fund

Fremont, MI

PURPOSE: Creative problem solving workshop

$60,000
The Greenville Area Community Foundation

Greenville, MI

PURPOSE: CATCHAFIRE PROGRAM

$11,000
Jury Foundation

Saginaw, MI

PURPOSE: HEALTH AND WATERSHED ISSUES FOR PICK

$10,000
Community Foundation For Southeast Michigan

Detroit, MI

PURPOSE: IMPLEMENTATION OF HARM REDUCTION ACTIVITIES IN NEWAYGO COUNTY

$10,000
Muskegon County Community Foundation

Muskegon, MI

PURPOSE: TO BE DISTRIBUTED TO THE UNITED WAY OF LAKE COUNTY

$7,935
Consumers Energy Foundation

Jackson, MI

PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$248,794,987
Earnings$38,435,850
Admin Expense$2,590,733
Net Contributions$2,355,765
Other Expense$16,729
Grants$7,275,916
Ending Balance$279,703,224

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