Community Foundation For Oceana County
- Assets
- $18.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Pentwater, MI
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-1970895
Organization Overview
Community Foundation For Oceana County is located in Pentwater, MI. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community Foundation For Oceana County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Oceana County 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 For Oceana County generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (65.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Foundation For Oceana County has awarded 57 individual grants totaling $1,268,376. 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
THE COMMUNITY FOUNDATION FOR OCEANA COUNTY EXISTS TO ENHANCE THE LIVES OF THE PEOPLE OF OCEANA COUNTY BY LEADING, PROMOTING, AND CHANNELING PHILANTHROPY TO CONNECT RESOURCES WITH NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCE OUR COMMUNITIES THROUGH THE ISSUANCE OF GRANTS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Carey CEO | Officer | 40 | $63,605 |
Randy Wagner Chair | OfficerTrustee | 5 | $0 |
Rhonda Greiner Treasurer | OfficerTrustee | 5 | $0 |
Joan Lundborg Secretary | OfficerTrustee | 5 | $0 |
Dr Scott Karaptian Member | Trustee | 2 | $0 |
Beth Snider Member | Trustee | 2 | $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 | $1,291,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,291,858 |
| Total Program Service Revenue | $0 |
| Investment income | $317,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,776,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $502,794 |
| Grants and other assistance to domestic individuals. | $287,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,862 |
| Compensation of current officers, directors, key employees. | $24,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,323 |
| Payroll taxes | $11,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,421 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,621 |
| Office expenses | $31,104 |
| Information technology | $3,118 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $1,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,690 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,803 |
| Insurance | $3,169 |
| All other expenses | $0 |
| Total functional expenses | $1,118,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,430 |
| Savings and temporary cash investments | $0 |
| 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 | $6,949 |
| Investments—publicly traded securities | $17,865,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,227,379 |
| Accounts payable and accrued expenses | $4,752 |
| 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 | $636,610 |
| Total liabilities | $641,362 |
| Net assets without donor restrictions | $17,586,017 |
| 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 | $18,227,379 |
Grants Awarded
Over the last fiscal year, Community Foundation For Oceana County has awarded $358,220 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY HEALTH LAKESHORE CAMPUS PURPOSE: GENERAL SUPPORT | $120,602 |
Shelby, MI PURPOSE: GENERAL SUPPORT | $60,000 |
OCEANA COUNTY PURPOSE: GENERAL SUPPORT | $34,889 |
Pentwater, MI PURPOSE: GENERAL SUPPORT | $32,550 |
Holland, MI PURPOSE: GENERAL SUPPORT | $30,960 |
SHELBY TOWNSHIP PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Community Foundation For Oceana County has recieved totaling $1,627,828.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $1,568,655 |
Community Foundation For Oceana County Pentwater, MI PURPOSE: GENERAL SUPPORT | $32,550 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,500 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $5,000 |
Met Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATIONS | $4,000 |
Daniel And Gloria Kearney Foundation Chicago, IL PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $10,324,678 |
| Earnings | $1,478,845 |
| Admin Expense | $618,384 |
| Net Contributions | $429,978 |
| Ending Balance | $11,615,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
Leads Newark, OH | $16,589,702 | $10,298,274 |
Blue Water Community Action Port Huron, MI | $3,539,859 | $9,991,743 |
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |