Muskegon County Community Foundation
- Assets
- $247.9m
- Revenue
- $28.6m
- Investments
- $2.3m
- Employees
- 50
- Location
- Muskegon, MI
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 38-6114135
Organization Overview
Muskegon County Community Foundation is located in Muskegon, MI. The organization was established in 1966. 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, Muskegon County Community Foundation employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskegon County 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, Muskegon County Community Foundation generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 4.1% 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, Muskegon County Community Foundation has awarded 1,166 individual grants totaling $54,248,046. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BETTER THE LIVES OF AREA RESIDENTS THROUGH INVESTING AND ADMINISTERING GIFTS AND BEQUESTS AND ISSUING GRANTS FOR SPECIFIC CHARITABLE AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
EDUCATION - PROVIDE SCHOLARSHIP SUPPORT FOR MUSKEGON COUNTY STUDENTS PURSUING POST-SECONDARY EDUCATION; PROVIDE EDUCATION GRANTS TO SUPPORT THE INCREASING NUMBER OF CAREER AND COLLEGE READY HIGH SCHOOL GRADUATES; IMPROVE STUDENT ACCESS TO HIGH QUALITY EXTENDED LEARNING PROGRAMS AFTER SCHOOL AND DURING THE SUMMER.
HEALTH AND HUMAN SERVICES - ENCOURAGE PROGRAMS THAT MEET THE BASIC QUALITY OF LIFE NEEDS OF MUSKEGON COUNTY CHILDREN AND YOUTH; PROMOTE HEALTH PROGRAMS AND PROJECTS THAT INCREASE THE QUALITY OF HEALTH CARE AVAILABLE IN MUSKEGON COUNTY WITH EMPHASIS ON THE NEEDS OF LOW-INCOME FAMILIES AND CHILDREN; ENCOURAGE AND PROMOTE PROJECTS AND PROGRAMS THAT EMBRACE RACIAL DIVERSITY AND MULTICULTURALISM; PROMOTE HEALTHY LIFESTYLES THROUGH EDUCATION AND PREVENTION PROGRAMMING; SUPPORT EFFORTS THAT ADDRESS THE NEEDS OF CHILDREN FROM BIRTH THROUGH AGE SIX, INCLUDING QUALITY CHILD CARE; SUPPORT PROGRAMS THAT ENCOURAGE FAMILIES TO SUCCEED AND BECOME SELF-SUFFICIENT.
ARTS - PRESERVE AND SUPPORT THE FRAUENTHAL CENTER FOR THE PERFORMING ARTS AS A SIGNIFICANT COMMUNITY RESOURCE; ENCOURAGE QUALITY ARTS PROGRAMMING THAT BENEFITS A DIVERSE AUDIENCE; IMPROVE ACCESS TO YOUTH FOCUSED CULTURAL PROGRAMS; PROMOTE FINANCIAL STABILITY AND ORGANIZATIONAL DEVELOPMENT FOR ART ORGANIZATIONS.
COMMUNITY DEVELOPMENT; ENVIRONMENT; EMERGING COMMUNITY NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Jacobs Secretary/president | OfficerTrustee | 40 | $179,323 |
Israel Velez CFO | Officer | 40 | $100,793 |
Brad Hilleary Vice Chair | OfficerTrustee | 1 | $0 |
Dick Kamps MD Chair | OfficerTrustee | 1 | $0 |
Jan L Deur Treasurer | OfficerTrustee | 1 | $0 |
Asaline Scott Immediate Past Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heirloom Carpentry & Construction Llc Construction | 12/30/16 | $2,269,282 |
Malliett Construction Inc Construction | 12/30/16 | $685,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $434,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,808,930 |
| Noncash contributions included in lines 1a–1f | $2,884,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,243,730 |
| Total Program Service Revenue | $345,056 |
| Investment income | $4,955,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$172,106 |
| Net Gain/Loss on Asset Sales | $8,527,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,555,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,139,472 |
| Grants and other assistance to domestic individuals. | $869,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $303,075 |
| Compensation of current officers, directors, key employees. | $303,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,284,897 |
| Pension plan accruals and contributions | $62,742 |
| Other employee benefits | $220,427 |
| Payroll taxes | $119,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,119 |
| Fees for services: Accounting | $21,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,815 |
| Advertising and promotion | $44,077 |
| Office expenses | $31,921 |
| Information technology | $666 |
| Royalties | $0 |
| Occupancy | $179,361 |
| Travel | $2,498 |
| 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 | $288,566 |
| Insurance | $29,540 |
| All other expenses | -$149,073 |
| Total functional expenses | $15,396,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,141,989 |
| Savings and temporary cash investments | $8,350,434 |
| Pledges and grants receivable | $1,098,479 |
| Accounts receivable, net | $598,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,698,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,874,920 |
| Investments—publicly traded securities | $224,768,445 |
| Investments—other securities | $2,266,911 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,200 |
| Total assets | $247,862,579 |
| Accounts payable and accrued expenses | $438,671 |
| Grants payable | $353,294 |
| 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 | $28,748,691 |
| Total liabilities | $29,540,656 |
| Net assets without donor restrictions | $218,321,923 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $247,862,579 |
Grants Awarded
Over the last fiscal year, Muskegon County Community Foundation has awarded $8,400,024 in support to 171 organizations.
| Grant Recipient | Amount |
|---|---|
Muskegon, MI PURPOSE: 2021/2022 FISCAL YEAR - QUARTERLY DISBURSEMENT; ANNUAL DISBURSEMENT FROM THE LITTLE LEARNERS PRESCHOOL FUND; BENNETT PRIZE WINNER'S SHOW; CONSUMERS ENERGY FESTIVAL OF WREATHS; FESTIVAL OF TREES - WREATH SPONSORSHIP | $821,625 |
Muskegon, MI PURPOSE: 4TH OF 5-YEAR COMMITMENT IMAGINE.BUILD.TRANSFORM CAMPAIGN; GENERAL OPERATING SUPPORT; ANNUAL DISBURSEMENT; IN HONOR OF NURSE'S WEEK; SUPPORT FOR CAPITAL CAMPAIGN; SUPPORT FOR IMAGINE FUND; SUPPORT FOR SERVICES; SUPPORT FOR THE HEALING GARDEN | $504,632 |
MUSKEGON PUBLIC SCHOOLS - FINANCE DEPARTMENT PURPOSE: CLASSROOM GRANT AWARDS; TEACHER MINI AWARDS; EXPENSES AND SUPPLIES; FUND AND SUPPORT THE BIG RED BAND; SAFETY AROUND WATER PROGRAM; STAFF APPRECIATION LUNCHES | $460,670 |
Muskegon, MI PURPOSE: GENERAL OPERATING SUPPORT; BELIEVER SPONSORSHIP FOR GALA; JUNIOR WORKFORCE DEVELOPMENT PROGRAM; SUPPORT FOR BUILDING CAMPAIGN | $345,072 |
MUSKEGON COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FUNDS | $299,894 |
Ludington, MI PURPOSE: GENERAL OPERATING SUPPORT; ANNUAL DISTRIBUTION; CLOSE THE VETERANS MALL FUND; SPONSORSHIP OF TWO MASON MEMORIES SPEAKER SERIES SESSION; IMPROVED AUDIO EXPERIENCE FOR EXHIBIT VIDEOS | $249,598 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Muskegon County Community Foundation has recieved totaling $620,320.
| Awarding Organization | Amount |
|---|---|
Grand Haven Area Community Foundation Inc Grand Haven, MI PURPOSE: ECONOMIC & COMMUNITY BETTERMENT | $212,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: FRAUENTHAL PRESERVATION CAMPAIGN: THE NEXT 90 YEARS | $75,000 |
The Hilt Foundation The Villages, FL PURPOSE: FRAUENTHAL CENTER | $60,000 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: PRE-SCHOOL FOR ALL (PK4ALL) IN MUSKEGON PUBLIC SCHOOLS | $50,000 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: COMMUNITY DEI RESOURCE (MCC OFFICE OF DIVERSITY) | $50,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $36,000 |
Endowment Analysis
| Beg. Balance | $18,463,892 |
| Earnings | $2,388,762 |
| Net Contributions | $551,637 |
| Grants | $617,281 |
| Ending Balance | $20,787,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |