Midland Kiwanis Foundation
- Assets
- $2.2m
- Revenue
- $25.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- 04/1961
- Data as of
- 12/2022
- EIN
- 38-6063042
Organization Overview
Midland Kiwanis Foundation is located in Midland, MI. The organization was established in 1961. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Kiwanis 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 12/2022, Midland Kiwanis Foundation generated $25.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.4%) each year. All expenses for the organization totaled $121.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Midland Kiwanis Foundation has awarded 32 individual grants totaling $439,954. 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
TO PROVIDE FUNDS FOR CHARITABLE CAUSES AND PROMOTE SCHOLARSHIPS IN THE MIDLAND COUNTY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO LOCAL ORGANIZATIONS TO PROVIDE FOR CHARITABLE CAUSES AND SCHOLARSHIPS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Aerstin Secretary | OfficerTrustee | 1 | $0 |
Benjamin Dollard Treasurer | OfficerTrustee | 1 | $0 |
Michelle Gibbs President | OfficerTrustee | 1 | $0 |
Brad Bahr Director | Trustee | 1 | $0 |
Mike Rush Director | Trustee | 1 | $0 |
Bart Buechner Director | Trustee | 1 | $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 | $18,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,181 |
| Total Program Service Revenue | $0 |
| Investment income | $45,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,456 |
| 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 | $2,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,143 |
| Fees for services: Other | $527 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $121,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,187,856 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,187,856 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,187,856 |
| Total liabilities and net assets/fund balances | $2,187,856 |
Grants Awarded
Over the last fiscal year, Midland Kiwanis Foundation has awarded $85,518 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Shepherd, MI PURPOSE: CHILDCARE/LEARNING | $33,500 |
Midland, MI PURPOSE: CHILDCARE | $10,500 |
Midland, MI PURPOSE: MENTORING | $10,000 |
Midland, MI PURPOSE: PRESCHOOL | $9,000 |
MIDLAND COUNTY EDUCATIONSERVICES CENTER PURPOSE: BABY CARE | $9,000 |
Midland, MI PURPOSE: CHILDCARE/CAPITAL | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Midland Kiwanis Foundation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Midland Area Community Foundation Midland, MI PURPOSE: RECREATION | $6,000 |
Midland Area Community Foundation Midland, MI PURPOSE: RECREATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Bridgeway Academy Columbus, OH | $11,163,009 | $12,055,177 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |