Reece Endeavor Of Midland
- Assets
- $4.1m
- Revenue
- $580.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Midland, MI
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 38-6082605
Organization Overview
Reece Endeavor Of Midland is located in Midland, MI. The organization was established in 1964. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Reece Endeavor Of Midland employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reece Endeavor Of Midland 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, Reece Endeavor Of Midland generated $580.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $625.0k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE GROWING HOUSING NEEDS OF PEOPLE WITH SPECIAL NEEDS THROUGHOUT MIDLAND COUNTY - WE WANT TO OFFER THEM STABILITY AND AFFORDABILITY AND HELP THEM BECOME INTEGRATED INTO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REECE ENDEAVOR OF MIDLAND EXISTS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR PEOPLE WITH DISABILITIES IN THE MIDLAND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Popovich Director Of | Officer | 40 | $95,035 |
Maureen Donker Executive Di | Officer | 40 | $80,469 |
Dean Butler President | OfficerTrustee | 1 | $0 |
Ann Beck Treasurer | OfficerTrustee | 1 | $0 |
Chrysa Milholland Vice Preside | OfficerTrustee | 1 | $0 |
Darby Gwisdala Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,976 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,835 |
| Noncash contributions included in lines 1a–1f | $17,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,811 |
| Total Program Service Revenue | $381,831 |
| Investment income | $35,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,602 |
| Net Income from Fundraising Events | -$25,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $204,131 |
| Compensation of current officers, directors, key employees. | $67,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,037 |
| Payroll taxes | $13,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,765 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,355 |
| Information technology | $2,050 |
| Royalties | $0 |
| Occupancy | $183,331 |
| Travel | $1,341 |
| 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 | $136,446 |
| Insurance | $30,830 |
| All other expenses | $869 |
| Total functional expenses | $624,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,304 |
| Savings and temporary cash investments | $85,449 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $3,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,255 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,346,859 |
| Investments—publicly traded securities | $562,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $941,488 |
| Total assets | $4,075,498 |
| Accounts payable and accrued expenses | $7,345 |
| 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 | $7,345 |
| Net assets without donor restrictions | $2,917,545 |
| Net assets with donor restrictions | $1,150,608 |
| 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 | $4,075,498 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Reece Endeavor Of Midland has recieved totaling $5,910.
| Awarding Organization | Amount |
|---|---|
Midland Area Community Foundation Midland, MI PURPOSE: HEALTH/COMMUNITY DEV | $5,400 |
Bill And Linda Stavropoulos Family Foundation Naples, FL PURPOSE: COMMUNITY SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
| Beg. Balance | $1,211,830 |
| Earnings | -$176,601 |
| Net Contributions | $4,687 |
| Other Expense | -$98,428 |
| Ending Balance | $941,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |