2016-08-15T11:09:15-05:00 2015-12-31 382775143 STEWART BEAUVAIS & WHIPPLE PC 1979 HOLLAND AVE SUITE A PORT HURON MI 480608639 990 2015-01-01 452908074 BLUE WATER LAND FUND INC BLUE 8109844761 500 WATER STREET PORT HURON MI 48060 RANDY D MAIERS PRES/CEO 8109844761 2016-08-12 true PAUL L BAILEY CPA P01259200 8109843829 2016-08-15 2015 2016-09-27 15:27:22Z X RANDY D MAIERS 500 WATER STREET 500 WATER STREET PORT HURON MI 48060 450901 false X WWW.STCLAIRFOUNDATION.ORG X 2011 MI SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION'S EFFORTS IN DEVELOPING AND MAINTAINING PARCELS OF REAL ESTATE, LIKE THE BLUE WATER RIVER WALK OR ST. CLAIR PLAZA COURTYARD, DEEMED IMPORTANT FOR THE BETTERMENT OF THE COMMUNITY AND REGION THROUGH CONSERVATION, PROTECTION, PUBLIC ACCESS, TOURISM AND/OR COMMUNITY AND ECONOMIC DEVELOPMENT. 14 13 0 52 0 928529 450759 0 297 142 35 0 928861 450901 546502 0 0 0 0 3874 690186 393390 1236688 393390 -307827 57511 3641242 3673143 115834 90224 3525408 3582919 X SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION'S EFFORTS IN DEVELOPING AND MAINTAINING PARCELS OF REAL ESTATE, LIKE THE BLUE WATER RIVER WALK OR ST. CLAIR PLAZA COURTYARD, DEEMED IMPORTANT FOR THE BETTERMENT OF THE COMMUNITY AND REGION THROUGH CONSERVATION, PROTECTION, PUBLIC ACCESS, TOURISM AND/OR COMMUNITY AND ECONOMIC DEVELOPMENT. false false 386316 DEVELOPING AND MAINTAINING PARCELS OF REAL ESTATE, LIKE THE BLUE WATER RIVER WALK OR ST. 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FUNDS ARE SEGREGATED AND HELD IN AN ESCROW ACCOUNT WITH A LOCAL FINANCIAL INSTITUTION, UNTIL SERVICES ARE PERFORMED AND PAYMENT IS RELEASED. false false false false false false false false false RANDY D MAIERS PRES/CEO 180996 19530 22462 30246 253234 FORM 990 - ORGANIZATION'S MISSION SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION'S EFFORTS IN DEVELOPING AND MAINTAINING PARCELS OF REAL ESTATE, LIKE THE BLUE WATER RIVER WALK OR ST. CLAIR PLAZA COURTYARD, DEEMED IMPORTANT FOR THE BETTERMENT OF THE COMMUNITY AND REGION THROUGH CONSERVATION, PROTECTION, PUBLIC ACCESS, TOURISM AND/OR COMMUNITY AND ECONOMIC DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 2 DOUGLAS TOUMA MICHAEL WHALING TRUSTEE TRUSTEE BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S BOARD OF TRUSTEES MEET THE LAST TUESDAY OF EACH CALENDAR QUARTER AT A MINIMUM. THE BUSINESS AGENDA OF THESE BOARD MEETINGS INCLUDE A REVIEW OF INTERNAL FINANCIAL STATEMENTS AND INVESTMENT REPORTS THAT HAVE BEEN REVIEWED AND ACCEPTED BY ITS FINANCE AND INVESTMENT COMMITTEE AT ONE OF THEIR MONTHLY MEETINGS. ANNUALLY, AT THE RECOMMENDATION OF ITS AUDIT COMMITTEE, THE BOARD OF TRUSTEES ENGAGE THE SERVICES OF AN INDEPENDENT AUDITING FIRM TO PERFORM AN AUDIT OF ITS FINANCIAL RECORDS AND ISSUE AN AUDITED CONSOLIDATED FINANCIAL STATEMENT FOR THE CALENDAR YEAR. ADDITIONALLY, AS PART OF THE ENGAGEMENT, THE AUDITING FIRM IS HIRED TO DRAFT THE ANNUAL FORM 990 FOR THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY AND ITS SUPPORTING ORGANIZATIONS, INCLUDING THE BLUE WATER LAND FUND, INC.; HOWEVER, THE COMMUNITY FOUNDATION STAFF ARE SIGNIFICANTLY INVOLVED IN THIS PROCESS. MEMBERSHIP ON BOTH THE AUDIT COMMITTEE AND THE FINANCE AND INVESTMENT COMMITTEE INCLUDE A NUMBER OF BOARD OF TRUSTEES AS WELL AS OTHER COMMUNITY MEMBERS WITH FINANCIAL OR AUDIT EXPERIENCE. ASIDE FROM MEETING WITH FOUNDATION MANAGEMENT, THE INDEPENDENT AUDITORS MEET JOINTLY WITH BOTH THE FOUNDATION'S AUDIT COMMITTEE AND THE FOUNDATION'S FINANCE AND INVESTMENT COMMITTEE TO PRESENT THE AUDITED FINANCIAL STATEMENTS AND REVIEW THE RESULTS OF THE ANNUAL AUDIT. SUBSEQUENTLY, THE CONSOLIDATED AUDIT REPORT IS PRESENTED TO AND REVIEWED BY THE FOUNDATION'S BOARD OF TRUSTEES AT IT SECOND QUARTERLY MEETING. DUE TO THE TIMING ASSOCIATED WITH THE AFOREMENTIONED LEVELS OF REVIEW OF THE AUDIT REPORT, AND AUTOMATIC EXTENSION FOR FILING THE FORM 990 (FROM THE INITIAL MAY 15 DEADLINE) IS TYPICALLY REQUIRED. AFTER THE FINAL CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN ISSUED, THE FORM 990 FOR ALL COMPANIES ARE DRAFTED BY THE INDEPENDENT AUDIT FIRM AND ITS TAX MANAGER, WITH THE DIRECT ASSISTANCE OF THE FOUNDATION'S DIRECTOR OF FINANCE. THE FINAL DRAFT OF THE FORM 990S ARE REVIEWED BY THE FOUNDATION'S DIRECTOR OF FINANCE AND THEN SIGNED BY THE FOUNDATION'S PRESIDENT AND CEO BEFORE FILING AND AFTER THE BOARD'S ACCEPTANCE. THE FORM 990S (FOR THE COMMUNITY FOUNDAITON AND ITS SUPPORTED ORGANIZATIONS) ARE DISTRIBUTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FOR THE SAKE OF TRANSPARENCY AND TIME-RELEVANCE, IT IS THE GOAL OF THE FOUNDATION MANAGEMENT TO FILE THE FORM 990 AS QUICKLY AS POSSIBLE. IF A FORMAL REVIEW AT A SCHEDULED BOARD OF TRUSTEE MEETING IS FEASIBLE WITHIN THE TIME FRAME, FOUNDATION MANAGEMENT WILL DO SO, AND THE MEETING MINUTES WILL REFLECT THEIR FORMAL REVIEW. IF SUCH A FORMAL REVIEW WILL DELAY THE FILING UNNECESSARILY, FOUNDATION MANAGEMENT WILL DISTRIBUTE ELECTRONICALLY (OR IN HARD COPY) A COPY OF THE DRAFTED FORM 990S FOR BOARD OF TRUSTEES' REVIEW. AN EXPLANATORY COVER LETTER WILL ACCOMPANY THE FORM 990S WITH REVIEW NOTES THAT "WALK" TRUSTEES THROUGH THE DOCUMENT AND CORRELATE THE RETURN BACK TO THE AUDITED FINANCIAL STATEMENTS. THIS COVER LETTER INCLUDES A REQUEST THAT TRUSTEES CONTACT THE DIRECTOR OF FINANCE WITH ANY QUESTIONS AND/OR TO SCHEDULE INDIVIDUAL REVIEWS AS DEEMED NECESSARY. EACH BOARD TRUSTEE IS REQUESTED TO DOCUMENT THEIR ACCEPTANCE OF THE FORM 990S FORMALLY VIA A REPLY TO THE ELECTRONIC DISTRIBUTION, OR HARD COPY DISTRIBUTION. EVIDENCE OF BOARD OF TRUSTEE REVIEW AND APPROVAL WILL BE RETAINED IN THE FORM 990 FILES. UPON APPROVAL OF THE BOARD OF TRUSTEES, THE FORM 990S WILL BE FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BLUE WATER LAND FUND, INC. HAS A BOARD-APPROVED CONFLICT OF INTEREST POLICY THAT IS CONSISTENT WITH SUCH POLICIES OF THE COUNCIL ON FOUNDATIONS AND THE COUNCIL OF MICHIGAN FOUNDATIONS. ALL BOARD TRUSTEES, INCLUDING BLUE WATER LAND FUND, INC. OFFICERS, MUST REVIEW THE POLICY ANNUALLY AND SIGN A STATEMENT WHICH AFFIRMS THAT THEY: A.) HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B.) HAVE READ AND UNDERSTAND THE POLICY AS WELL AS THE NEED TO COMPLY WITH THE POLICY (GIVEN THAT BLUE WATER LAND FUND, INC'S MISSION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSE); C.) HAVE LISTED ALL AREAS OF POTENTIAL CONFLICTS OF INTEREST THAT EXIST AS OF THE DATE THEY ARE COMPLETING THE DISCLOSURE FORM, INCLUDING SERVICE ON OTHER NON-PROFIT BOARDS, FINANCIAL INTERESTS, AND FAMILY OR BUSINESS RELATIONSHIPS; AND D.) HAVE AGREED TO DISCLOSE OTHERS AS THEY ARISE THROUGH THE YEAR, AND WHEN THE POTENTIAL FOR CONFLICT ARISES, AGREE TO VERBALLY DISCLOSE SUCH AREAS OF POTENTIAL CONFLICT AT ALL BOARD MEETINGS. FOUNDATION MANAGEMENT REVIEWS THESE CONFLICT OF INTEREST DISCLOSURES UPON RECEIPT, SUMMARIZES FOR THE BOARD AND INCLUDES IN BOARD BOOKS. THE DISCLOSURE FORMS ARE MAINTAINED ON FILE. PRIOR TO CONSIDERATION OF ANY MOTION FOR ACTION ON ITEMS OF BUSINESS DURING MEETINGS, BOARD OF TRUSTEES ARE ASKED IF POTENTIAL CONFLICTS OF INTEREST EXIST. UPON DISCLOSURE OF A POTENTIAL CONFLICT, THE BOARD MUST DETERMINE IF THE POTENTIAL CONFLICT IS DEEMED MATERIAL OR IMMATERIAL. FOR TYPICAL DISCLOSURES INVOLVING A BOARD TRUSTEE'S SERVICE WITH A NON-PROFIT ORGANIZATION BEING CONSIDERED FOR A GRANT, WHILE THE BOARD TRUSTEE MAY STAY AND PARTICIPATE IN DISCUSSION, THEY ABSTAIN FROM ANY VOTE. FOR ANY POTENTIAL CONFLICT OF INTEREST THAT IS DEEMED MATERIAL, AS OUTLINED IN THE BLUE WATER LAND FUND'S CONFLICT OF INTEREST POLICY, THE BOARD TRUSTEE IS ASKED TO LEAVE THE MEETING WHILE THE ITEM OF BUSINESS IS DISCUSSED AND VOTED UPON. THE MINUTES OF ALL BOARD MEETINGS RECORD THE NAME(S) OF THE PERSON(S) WHO WERE IN ATTENDANCE FOR DISCUSSIONS AND VOTES AND ALSO OUTLINE 1)THE NAMES OF THOSE WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A POTENTIAL CONFLICT OF INTEREST, 2) THE NATURE OF THE POTENTIAL CONFLICT, AND 3) ANY ACTION TAKEN INVOLVING THE CONFLICT OF INTEREST AS WELL AS THE DECISION ON THE ITEM OF BUSINESS FOR WHICH THE POTENTIAL CONFLICT OF INTEREST AROSE. WHEN THE NATURE OF POTENTIAL CONFLICTS OF INTEREST IS OTHER THAN AS PREVIOUSLY REFERENCED, THE FOUNDATION'S PRESIDENT AND EXECUTIVE COMMITTEE DISCUSSS THE POTENTIAL CONFLICT OF INTEREST WITH THE INDIVIDUAL INVOLVED AND ADDRESS HOW SUCH CONFLICT CAN BE HANDLED. RESOLUTION OF THE POTENTIAL CONFLICT IS GUIDED BY THE FOUNDATION'S STRONG DESIRE TO MAINTAIN ITS HIGH STANDARDS, TRANSPARENCY AND CREDIBILITY WITH ITS DONORS, GRANTEES, PUBLIC, AND TAXING AGENCIES. IN THE FEW OCCURRENCES THIS HAS ARISEN THAT CANNOT BE AVOIDED, ALTHOUGH THE INDIVIDUAL INVOLVED HAS KNOWN THAT PURSUANT TO THE CONFLICT OF INTEREST POLICY, HE/SHE COULD PRESENT THE POTENTIAL CONFLICT TO THE BOARD, HE/SHE HAS CHOSEN TO VOLUNTARILY RESIGN FROM THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUEMNTS (ARTICLES OF INCORPORATION AND BYLAWS) FOR THE BLUE WATER LAND FUND, INC. ARE AVAIABLE ON THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S (SUPPORTED ORGANIZAITON) WEBSITE (WWW.STCLAIRFOUNDATION.ORG) AS DOWNLOADABLE DOCUMENTS, ALONG WITH OTHER POLICIES AND KEY DOCUMENTS SUCH AS THE AUDITED FINANCIAL STATEMENTS AND IRS FORM 990S. HARD-COPIES ARE ALSO AVAILABLE UPON REQUEST. IT IS THE GOAL OF THE FOUNDATION, ITS STAFF, AND BOARD TO BE ACCOUNTABLE AND TRABSPARENT TO OUR DONORS AND THE ENTIRE COMMUNITY BY REGULARLY DISSEMINATING OUR PROGRAM AND FINANCIAL INFORMATION. IT IS OUR INTENT TO COMPLY WITH THE INTERNAL REVENUE CODE AND REGULATIONS WITH RESPECT TO PUBLIC INSPECTION OF THE FORM 990S, IRS FORM 990-TS TO THE EXTENT A FILING WERE REQUIRED, AND THE IRS DETERMINATION LETTERS FOR THE COMMUNITY FOUNDATION AND ITS CONTROLLED SUPPORTING ORGANIZATIONS. THEREFORE THE FOUNDATION WILL: 1) MAKE THESE DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION AT ITS OFFICES DURING REGULAR BUSINESS HOURS WITHOUT CHARGE; 2) PROVIDE A COPY WITHOUT CHARGE, OTHER THAN A REASONABLE FEE FOR REPRODUCTION AND ACTUAL POSTAGE COSTS, OF ALL OR ANY PART OF THESE DOCUMENTS REQUIRED TO BE MADE AVAILABLE FOR PUBLIC INSPECTION TO ANY INDIVIDUAL WHO MAKES A REQUEST FOR SUCH A COPY IN PERSON OR IN WRITING; AND 3) UPLOAD AND MAINTAIN ON OUR WEBSITE THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, FORM 990S AND FORM 990-TS TO THE EXTENT FILINGS WERE REQUIRED FOR A MINIMUM OF 3 YEARS. ADDITIONALLY, THE GUIDESTAR ORGANIZATION SERVES AS A RESOURCE FOR THOSE INDIVIDUALS AND ORGANIZATIONS WISHING TO RESEARCH NON-PROFIT ORGANIZATIONS BY WORKING WITH THE IRS TO MAKE AVAILABLE THE 990S OF ALL NON-PROFIT ORGANIZAITONS. RECOGNIZING THAT THIS AVAILABILITY IS SOMETIMES DELAYED AND READERS MAY NOT UNDERSTAND THE FULL PICTURE OF WHO WE ARE AND WHAT WE DO THROUGH THE FORM 990 ALONE, THE FOUNDATION WILL PAY THE NOMINAL FEE TO VOLUNTARILY HAVE ITS IRS FORM 990S UPLOADED TO GUIDESTAR'S WEBSITE, ALONG WITH ITS AUDITED FINANCIAL STATEMENTS THAT INCLUDES AN OPENING COVER LETTER FROM MANAGEMENT DISCUSSING KEY PHILOSOPHIES, INITIATIVES, AND THE FINANCIALS. FORM 990, PART VII BLUE WATER LAND FUND - 990 NARRATIVE ADDRESSING COMMON PAYMASTER: THE COMUNITY FOUNDAITON OF ST. CLAIR COUNTY, TAX ID 38-1872132, ACTS AS COMMON PAYMASTER FOR BOTH ITS ORGANIZAITON AS WELL AS ITS SUPPORTING ORGANIZATIONS - THE COMMUNITY RENAISSANCE FUND, TAX ID 20-1649237, AND THE BLUE WATER LAND FUND, TAX ID 45-2908074. AS THE COMMON PAYMASTER, ALL FORM W-2S ARE REPORTED UNDER AND TAXES ARE PAID THROUGH THE COMMUNITY FOUNDATION'S TAX ID 38-1872132. WAGES, BENEFITS, AND RELATED TAXES ARE ALLOCATED AND RECORDED BETWEEN THE ORGANIZATIONS BASED UPON THE ASSIGNED RESPONSIBILITIES, TIME SPENT, AND SPECIFIC WORK PERFORMED. OF THE 9 W-2S FILED FOR 2015 ONLY ONE OF THESE FORM W-2S INVOLVED AN ALLOCATION OF WAGES AND BENEFITS BETWEEN THE COMMUNITY FOUNDATION AND THE COMMUNITY RENAISSANCE FUND. THE REMAINING RELATED SOLELY TO THE COMMUNITY FOUNDATION INCLUDING TWO EMPLOYEES WHO LEFT THE FOUNDATION EMPLOYMENT IN 2015. THE BLUE WATER LAND FUND HAD NO EMPLOYEES AND RECEIVED NO ALLOCATION OF WAGES FOR 2015. WHILE THE AUDITED FINANCIAL STATEMENTS REFLECT THE CONSOLIDATION OF COMMUNITY FOUNDAITON AND ITS CONTROLLED ORGANIZATIONS, SEPARATE FORM 990S ARE FILED FOR EACH ORGANIZATION INDEPENDENTLY, AND CONSEQUENTLY, THIS COMMON PAYMASTER STATUS AND THE EXISTENCE OF SHARED EMPLOYEES SHOULD BE NOTED. ALTHOUGH THE FOUNDATION'S PRESIDENT/CEO OVERSEES OPERATIONS AND INITIATIVE AND IS AN OFFICER OF COMMUNITY RENAISSANCE FUND AND BLUE WATER LAND FUND (ITS SUPPORTING ORGANIZATIONS), 100% OF HIS TIME AND RELATED WAGES AND BENEFITS ARE ABSORBED UNDER THE COMMUNITY FOUNDATION'S OPERATIONS. HOWEVER, GIVEN THIS RELATED ORGANIZATION RELATIONSHIP, IRS FORM 990/990EZ REQUIREMENTS OUTLINE THAT THE COMMUNITY FOUNDATION'S PRESIDENT/CEO'S COMPENSATION PACKAGE MUST BE REPORTED ON THE FORM 990S OF ITS SUPPORTING ORGANIZATIONS, EVEN THOUGH IT IS PAID FOR BY THE COMMUNITY FOUNDATION AS THE SUPPORTED ORGANIZATION. COMMUNITY FOUNDATION OF ST CLAIR CO 500 WATER STREET PORT HURON MI 48060 381872132 COMM DEVEL MI 501C3 7 N/A false COMMUNITY RENAISANCE FUND 500 WATER STREET PORT HURON MI 48060 201649237 COMM. DEV MI 501C3 11A N/A false false false true false false false false false false false false false false false true false false false false COMMUNITY FOUNDATION OF ST CLAIR CO C 450759 CASH