2025-11-23T09:16:21-07:00 2024-12-31 990 2024-01-01 383568149 CHALFONTE FOUNDATION CHAL 3138313139 503 Ottawa Street Elk Rapids MI 49629 Aaron Timlin CEO/President 3134444577 2025-11-15 1 2024 2025-03-06 01:10:19Z Aaron Timlin 503 Ottawa Street Elk Rapids MI 49629 258116 0 X www.chalfonte.org X 2000 MI The mission of the Chalfonte Foundation is to provide spiritual, psycho-social, recreational, financial and educational support for children, youth, families and their communities in need. 4 3 0 20 0 0 281966 79491 81284 156824 11371 17034 1102 1095 375723 254444 0 958 0 0 81525 46585 99 0 6311 218507 179299 300131 226842 75592 27602 1200677 1232958 293206 320389 907471 912569 X The mission of the Chalfonte Foundation is to provide spiritual, psychosocial, recreational, financial and educational support for children, youth, families, and their communities in need. 1 0 2032 0 4825 Children and Communities Initiative: 1. Chalfonte House - Provided accommodations for families, children and groups to participate in retreats and activities in Elk Rapids, Michigan. 2. Activities in Detroit included educational movie nights, activities around major events such as the Detroit Thanksgiving Day Parade; museum tours, visits to parks and playgrounds. 181451 10000 98816 Arts and Culture: 1. Visual and Performing Arts - Plan, produce, and present cultural arts programming for children, youth, families and community members. The program involves hosting exhibitions, lectures, concerts, arts and crafts classes and activities, and visits to museums and cultural events. 2. Cinematic Arts - New to the organization since acquiring a historic 300 seat cinema, presenting exhibitions of contemporary and classic films, student film festivals, and works by independent film makers. 15233 22950 6460 Broadcast Media Arts - 1. Produced live internet based television broadcasts of concerts and performances at the Chalfonte Theatre. 2. Began broadcasting on a new FCC licensed low power community radio station at 99.7 on the FM dial in Elk Rapids, MI. This program includes 10 adult radio DJs and 4 youth DJ interns ages 10 to 17. The radio station broadcasts music from local, national, and international artists and provides public service announcements for local nonprofits and community centers. 517 0 2200 Health & Healing: In 2024, the Chalfonte Foundation provided health and healing programs including yoga and Reiki sessions for youth and adults, along with books, materials, and subscriptions that supported wellness education at the Chalfonte House and Ryan Giannini Park. The Foundation also supplied program-related products and staff development resources to strengthen its capacity to promote well-being for children, families, and community participants. 1298 5000 1096 Food & Agriculture: In 2024, the Chalfonte Foundation supported sustainable food and agriculture programs by maintaining garden and foraging areas at Ryan Giannini Park and making cabin improvements to help facilitate future onsite educational programming. The Foundation also promoted local agriculture through its partnership with Chateau Chantal at the Chalfonte Theatre, where the wine tasting room highlighted Michigan-grown products and advanced community awareness of locally sourced food and agricultural practices. 1815 5000 3296 200531 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12335 0 1 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X X A Thomas Timlin 3134444588 503 Ottawa Elk Rapids MI 49629 Aaron Timlin CEO/President 80 0 X X X 0 0 24000 Bri Hayes Vice President 20 X X X 14585 0 8000 Miles Rose Treasurer 1 0 X X 0 0 0 Kaylee Ross Secretary 1 0 X X 0 0 0 Yesmeen Mikhail Independent Director 1 0 X 0 0 0 14585 0 32000 0 0 0 0 0 0 13196 0 6000 22950 37345 0 79491 Arts & Culture 710000 114293 114293 0 0 Food & Agriculture 110000 6096 6096 0 0 Broadcast Media Arts 516100 29410 29410 0 0 Children & Communities 721000 4825 4825 0 0 Health & Healing 611710 2200 2200 0 0 0 0 0 0 156824 14534 14534 0 0 0 0 0 0 0 0 0 0 0 0 0 2500 0 0 0 2500 2500 2500 0 0 4767 0 3672 1095 0 1095 0 254444 173858 0 1095 458 458 500 500 0 0 0 0 46585 22585 20000 4000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 70934 70934 0 0 1908 1908 0 0 548 548 0 0 0 0 0 0 0 0 0 0 0 0 4763 4763 0 0 1400 1400 0 0 8654 8654 0 0 805 805 0 0 27589 27589 0 0 58197 58197 0 0 1433 0 0 1433 0 0 0 0 878 0 0 878 26 26 0 0 0 0 0 0 1371 1371 0 0 793 793 0 0 226842 200531 20000 6311 2536 3171 289472 301470 179203 192179 973 896 0 0 0 0 0 0 0 0 2781 0 732526 0 718139 732526 2283 2716 0 0 0 0 0 0 5290 1200677 1232958 2311 29494 0 0 0 0 0 0 0 0 289145 289145 0 0 0 0 1750 1750 293206 320389 X 728268 912569 179203 0 907471 912569 1200677 1232958 27602 0 0 0 -22504 0 X 0 0 0 X 25165 99400 28976 119342 105836 378719 280 27111 41595 38585 162337 269908 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25445 126511 70571 157927 268173 648627 4500 35833 20106 65000 5000 130439 0 0 0 0 35950 35950 4500 35833 20106 65000 40950 166389 482238 23005 12559 1831 11371 7870 56636 0 0 0 0 0 0 23005 12559 1831 11371 7870 56636 0 0 0 0 0 0 0 0 0 0 0 0 48450 139070 72402 169298 276043 705263 0.68377 0.59135 0.08030 0.14742 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 155240 155240 0 497407 0 497407 0 3953 0 3953 0 75926 0 75926 0 0 0 0 732526 0 No interest loan from a member 1750 1750 Aaron Timlin President/CEO of the organization Purchase of Elk Rapids Cinema X 94145 94145 0 1 0 Jimeyer Trust Trustee is President of the organization Purchase of Elk Rapids Cinema X 195000 195000 0 1 0 289145 Schedule L, Part II No interest loans with no repayment schedule 0 0 1 0 Form 990, Part III, Line 2 Broadcast Media Arts - 1. Produced live internet based television broadcasts of concerts and performances at the Chalfonte Theatre. 2. Began broadcasting on a new FCC licensed low power community radio station at 99.7 on the FM dial in Elk Rapids, MI. This program includes 10 adult radio DJs and 4 youth DJ interns ages 10 to 17. The radio station broadcasts music from local, national, and international artists and provides public service announcements for local nonprofits and community centers. Form 990, Part VI, Section B, Line 11b Schedule O - Explanation of Form 990 Review Process (Line 11b) Due to the timing of the filing deadline and the availability of complete year-end financial reconciliations, the Board of Directors authorized the President of the Chalfonte Foundation to prepare and submit the Form 990 on behalf of the organization prior to full board review. This authorization was granted to ensure the Foundation met its IRS filing obligations in a timely manner. Before filing, the board was provided with the organization's unreconciled 2024 Profit and Loss statements for review and discussion. The President was available to answer questions and address concerns regarding the financial information used in preparing the return. Once completed, a full copy of the Form 990 will be distributed to all board members for their review and records. Future returns will be circulated to the entire governing body for review and approval whenever time allows prior to filing. Form 990, Part VI, Section B, Line 12c Schedule O - Conflict of Interest Policy Enforcement Explanation The Chalfonte Foundation regularly and consistently monitors compliance with its written conflict of interest policy. Each officer, director, and key employee is required to complete an annual disclosure form identifying any actual, potential, or perceived conflicts. In addition, at the start of relevant board or committee discussions, members are asked to disclose any relationships or interests that may relate to matters under consideration. When a potential conflict is disclosed, the board reviews the information and determines whether a conflict exists. If a conflict is identified, the affected individual is recused from deliberation and voting. All disclosures, determinations, recusals, and related actions are documented in the meeting minutes, which serve as the organization's official record of compliance and enforcement of the policy. Form 990, Part VI, Section B, Line 15 Schedule O - Explanation of Compensation-Setting Process (Line 15a & 15b) For the organization's CEO (President/Executive Director), the compensation process followed IRS best-practice guidelines at the time the contract was executed. The CEO's five-year employment agreement was entered into in 2019, prior to his service on the Board. The Board of Directors reviewed the proposed contract, evaluated the compensation against comparable positions within similarly sized arts and cultural nonprofit organizations, and approved the agreement through independent board members not receiving compensation. The board's deliberations and approval were documented in contemporaneous meeting minutes. Although the CEO has never accepted the compensation and donates the full amount back to the Foundation annually, the board continues to maintain and review the compensation structure as part of its governance practices. For the Vice President serving during 2024, compensation was determined using the same process followed in 2023. Independent board members reviewed the position, compared compensation rates with similar roles in nonprofit arts and cultural organizations, and approved the compensation package-including housing accommodations donated to the Foundation by the CEO-based on comparability data and organizational need. This deliberation was likewise documented in contemporaneous minutes. The last full compensation review for the CEO occurred in 2019, and the last review for the Vice President occurred in 2023. Both compensation determinations were made by independent directors, using comparable data, and documented at the time of approval. Form 990, Part VI, Section C, Line 19 All disclosure documents, policy documents, and license to solicit are available for download from the organizations website at www.chalfonte.org/disclosures. The Chalfonte Foundation's Form 990 filing was delayed due to circumstances outside the organization's control. The Foundation experienced significant technical issues accessing the IRS-authorized online filing platform, including repeated login failures and account verification problems that prevented timely submission. At the same time, the Foundation was transitioning to a new point-of-sale (POS) and deposit-tracking system, which caused delays in reconciling year-end financial data needed for complete and accurate reporting. The organization made continuous good-faith efforts to resolve these issues, including working with the filing platform's support team and manually reconciling POS deposits to ensure accuracy. Once these issues were resolved, the return was completed and submitted as quickly as possible. The Foundation maintains a strong commitment to timely compliance and has implemented improved internal procedures to prevent delays in future filings.