Saginaw Community Foundation
- Assets
- $102.4m
- Revenue
- $13.7m
- Investments
- $7.7m
- Employees
- 12
- Location
- Saginaw, MI
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 38-2474297
Organization Overview
Saginaw Community Foundation is located in Saginaw, MI. The organization was established in 1983. 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, Saginaw Community Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw 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, Saginaw Community Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 8.7% 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 2015, Saginaw Community Foundation has awarded 555 individual grants totaling $12,445,639. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FULFILL DONOR WISHES AND ENABLE COMMUNITY INITIATIVES TO COME TO LIFE, NOW AND FOREVER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A GRANTMAKER, PHILANTHROPIC VEHICLE, COMMUNITY LEADER, AND VOLUNTEER ORGANIZATION. AS A GRANTMAKING ORGANIZATION, SCF IS ABLE TO ASSIST CHARITABLE AGENCIES AND ACTIVITIES THAT PROVIDE SPECIFIC AND NECESSARY SERVICES IN OUR COMMUNITY. AS A PHILANTHROPIC VEHICLE, THE FOUNDATION WORKS WITH ANY AND ALL INDIVIDUALS WHO WANT A MEANS OF GIVING BACK TO THE COMMUNITY IN A BROAD OR SPECIFIC WAY. AS A LEADER IN THE COMMUNITY, THE FOUNDATION WORKS WITH ORGANIZATIONS, SUCH AS THE UNITED WAY OF SAGINAW COUNTY, TO CONDUCT COMMUNITY SURVEYS. AS A VOLUNTEER ORGANIZATION, SCF GATHERS DIVERSE GROUPS OF PEOPLE TO ASSIST WITH VARIOUS FOUNDATION EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Johnston President & | OfficerTrustee | 40 | $128,708 |
Dr Mamie Thorns Immediate Pa | OfficerTrustee | 1 | $0 |
Todd Gregory Secretary | OfficerTrustee | 1 | $0 |
Trish Luplow Treasurer | OfficerTrustee | 1 | $0 |
John Shelton Vice Chair | OfficerTrustee | 1 | $0 |
Laura B Yockey Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $417,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,019,305 |
| Noncash contributions included in lines 1a–1f | $16,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,437,041 |
| Total Program Service Revenue | $0 |
| Investment income | $3,240,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,634,056 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,682,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,896,788 |
| Grants and other assistance to domestic individuals. | $816,570 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,551 |
| Compensation of current officers, directors, key employees. | $86,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,192 |
| Pension plan accruals and contributions | $12,716 |
| Other employee benefits | $26,874 |
| Payroll taxes | $39,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,255 |
| Fees for services: Accounting | $33,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $578,017 |
| Fees for services: Other | $821,696 |
| Advertising and promotion | $78,274 |
| Office expenses | $33,416 |
| Information technology | $52,518 |
| Royalties | $0 |
| Occupancy | $46,766 |
| Travel | $2,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,078 |
| Insurance | $10,532 |
| All other expenses | $15,322 |
| Total functional expenses | $7,213,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,555 |
| Savings and temporary cash investments | $2,569,906 |
| Pledges and grants receivable | $11,977 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $964,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,964 |
| Net Land, buildings, and equipment | $19,810 |
| Investments—publicly traded securities | $88,348,296 |
| Investments—other securities | $7,739,276 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,684,047 |
| Total assets | $102,443,915 |
| Accounts payable and accrued expenses | $265,376 |
| Grants payable | $14,786 |
| Deferred revenue | $700 |
| 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 | $280,862 |
| Net assets without donor restrictions | $99,501,460 |
| Net assets with donor restrictions | $2,661,593 |
| 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 | $102,443,915 |
Grants Awarded
Over the last fiscal year, Saginaw Community Foundation has awarded $1,769,265 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
University Center, MI PURPOSE: DISTRIBUTION/PROGRAM | $487,142 |
Saginaw, MI PURPOSE: SUPPORT | $89,561 |
THOMAS TOWNSHIP PURPOSE: DISTRIBUTION | $74,454 |
Saginaw, MI PURPOSE: DISTRIBUTION/SUPPORT | $58,128 |
Saginaw, MI PURPOSE: PROGRAMS | $57,905 |
Saginaw, MI PURPOSE: 2014 AGENCY DISTRIB | $52,793 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saginaw Community Foundation has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Frank N Andersen Foundation Bridgeport, MI PURPOSE: SCHOLARSHIPS | $25,000 |
Leo A Kahan And Emelie O Kahan Charitable Foundation Saginaw, MI PURPOSE: VERDONI PRODUCTIONS | $8,000 |
Endowment Analysis
| Beg. Balance | $87,260,397 |
| Earnings | $12,225,150 |
| Admin Expense | -$943,777 |
| Net Contributions | $5,917,618 |
| Other Expense | -$59,982 |
| Grants | -$3,397,231 |
| Ending Balance | $101,002,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |