Marquette Community Foundation
- Assets
- $25.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Marquette, MI
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 38-2826563
Organization Overview
Marquette Community Foundation, operating under the name Community Foundation Of Marquette, is located in Marquette, MI. The organization was established in 1989. 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, Community Foundation Of Marquette employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Marquette 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, Community Foundation Of Marquette generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.0% 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, Community Foundation Of Marquette has awarded 137 individual grants totaling $5,900,508. 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
MISSION: TO ENRICH THE LIVES OF ALL PEOPLE IN MARQUETTE COUNTY, BY: CONNECTING DONORS WITH COMMUNITY NEEDS, BUILDING PERMANENT FUNDS FOR CHARITABLE GIVING, DISTRIBUTING SCHOLARSHIPS AND GRANTS, AND LEADING AND COLLABORATING TO ADDRESS COMMUNITY OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE AWARDED TO MEET A VARIETY OF NEEDS ACROSS MARQUETTE COUNTY INCLUDING: HEALTH, ARTS, ACTIVITIES, ECONOMIC DEVELOPMENT, AND CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zosia Eppensteiner CEO | Officer | 40 | $68,138 |
Thomas Vear Chair | OfficerTrustee | 1 | $0 |
Thomas Blake Treasurer | OfficerTrustee | 1 | $0 |
Lisa Jahnke Trustee | Trustee | 1 | $0 |
Mark Canale Trustee | Trustee | 1 | $0 |
Maura Davenport Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,518,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,354 |
| Total Program Service Revenue | $20,000 |
| Investment income | $317,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,396,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,321,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $908,268 |
| Grants and other assistance to domestic individuals. | $92,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,138 |
| Compensation of current officers, directors, key employees. | $13,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,798 |
| Payroll taxes | $11,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,004 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,845 |
| Travel | $651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,125 |
| All other expenses | $3,849 |
| Total functional expenses | $1,356,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $607,342 |
| Pledges and grants receivable | $19,865 |
| 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 | $24,125,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,816 |
| Total assets | $24,983,976 |
| Accounts payable and accrued expenses | $7,436 |
| Grants payable | $0 |
| 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 | $7,436 |
| Net assets without donor restrictions | $24,679,664 |
| Net assets with donor restrictions | $296,876 |
| 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 | $24,983,976 |
Grants Awarded
Over the last fiscal year, Marquette Community Foundation has awarded $908,268 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Marquette, MI PURPOSE: ENVIROMENTAL MONITOR | $305,249 |
OTHER LESS THAN 5000 PURPOSE: GENERAL OPERATIONS | $145,748 |
Marquette, MI PURPOSE: GENERAL OPERATIONS | $119,471 |
COUNTY OF MARQUETTE PURPOSE: GENERAL OPERATIONS | $82,112 |
NORTHERN MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $28,150 |
Mount Pleasant, MI PURPOSE: SCHOLARSHIPS | $20,500 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Marquette Community Foundation has recieved totaling $268,306.
| Awarding Organization | Amount |
|---|---|
Council Of Michigan Foundations Inc Grand Rapids, MI PURPOSE: STATE EQUITY FUND PILOT GRANT AND OTHER | $105,698 |
M E Davenport Fund A Private Foundation Grand Rapids, MI PURPOSE: KIDS COVE PLAYGROUND | $50,000 |
Frazier Fund Inc Marquette, MI PURPOSE: SWING ZONE AT KIDS COVE | $25,000 |
Superior Health Foundation Marquette, MI PURPOSE: Jumpstart a Heart project to supply AEDs to law enforcement in Marquette County | $20,000 |
Tourville Foundation Marquette, MI PURPOSE: AEDS FOR LAW ENFORCEMENT, KIDS COVE PLAYGROUND, AND TECHNICAL MIDDLE COLLEGE ENDOWMENT FUND | $20,000 |
Shiras Institute Marquette, MI PURPOSE: PLAYGROUNDS FOR ALL - KIDS COVE 2 | $15,000 |
Endowment Analysis
| Beg. Balance | $268,382 |
| Net Contributions | $512,665 |
| Grants | -$484,171 |
| Ending Balance | $296,876 |
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 |