2013-08-05T08:11:00-05:00 2012-12-31 STEWART BEAUVAIS & WHIPPLE PC 1979 HOLLAND AVE SUITE A PORT HURON MI 480608639 990 2012-01-01 452908074 BLUE WATER LAND FUND INC BLUE 8109844761 516 MCMORRAN BLVD PORT HURON MI 48060 RANDY MAIERS 8109844761 2013-07-23 true PAUL L BAILEY CPA 8109843829 2013-07-23 2012 2016-02-24 21:20:13Z RANDY MAIERS PRESIDENT 516 MCMORRAN BLVD PORT HURON MI 48060 472185 false X WWW.STCLAIRFOUNDATION.ORG X 2011 MI THE PRIMARY PURPOSE OF THE CORPORATION IS TO SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S EFFORTS IN DEVELOPING AND MAINTAINING A RIVER WALK, TO BE KNOWN AS THE "BLUE WATER RIVER WALK", ALONG A NEARLY ONE MILE LONG STRETCH OF THE ST. CLAIR RIVER SHORELINE. 13 13 0 40 0 1429394 471863 0 6 322 0 1429400 472185 7029 0 0 0 0 37701 75011 37701 82040 1391699 390145 1433883 1947857 42184 166013 1391699 1781844 X THE PRIMARY PURPOSE OF THE CORPORATION IS TO SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S EFFORTS IN DEVELOPING AND MAINTAINING A RIVER WALK, TO BE KNOWN AS THE "BLUE WATER RIVER WALK", ALONG A NEARLY ONE MILE LONG STRETCH OF THE ST. CLAIR RIVER SHORELINE. false false 80440 7029 DEVELOPING AND MAINTAINING THE BLUE WATER RIVER WALK ALONG A NEARLY ONE MILE LONG STRETCH OF THE ST. CLAIR RIVER SHORELINE. 80440 true true false false false false false false false false true false false false true false true true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 8 0 true 0 false false false false false false false false false false false false X 13 13 true false false false false false false true true false false true true true true true true true false false MI X X X KAREN LEE 8109844761 516 MCMORRAN BLVD PORT HURON MI 48060 WILLIAM J BUTLER 1.00 X 0 0 0 MICHAEL CONNELL 1.00 X 0 0 0 DON C FLETCHER 1.00 X 0 0 0 PHYLLIS H LEDYARD 1.00 X 0 0 0 TIMOTHY J LOZEN 1.00 X 0 0 0 PENELOPE PECK 1.00 X 0 0 0 CHARLES T WANNINGER 1.00 X 0 0 0 MICHAEL J WHALING 1.00 X 0 0 0 JANICE C ROSE 1.00 X 0 0 0 RANDY D MAIERS 15.00 X 0 172804 15729 DOUGLAS S TOUMA 1.00 X 0 0 0 MICHAEL J CANSFIELD 1.00 X 0 0 0 JENIFER KUSCH 1.00 X 0 0 0 LEE J STEVENS 1.00 X 0 0 0 172804 15729 false true false 470113 1750 471863 322 322 472185 322 X 7029 7029 1600 1600 43219 43219 8420 8420 1292 1292 700 700 287 287 8258 8258 INITIATIVES (SHORELINE) 9005 9005 OTHER 1930 1930 DUES AND MEMBERSHIPS 300 300 82040 80440 1600 0 46531 332642 1615215 1387352 1615215 1433883 1947857 13434 28910 28750 137103 42184 166013 X 1391699 1781844 1391699 1781844 1433883 1947857 390145 X false true X true false X X X false false false COMMUNITY FOUNDATION OF ST CLAIR COUNTY 381872132 7 true true true 7029 1 7029 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1590727 1590727 24488 24488 1615215 RELATED PARTY ADVANCE 137103 137103 472185 472185 472185 82040 82040 82040 false COMMUNITY FOUNDATION OF ST CLAIR COUNTY 516 MCMORRAN BLVD PORT HURON MI 48060 381872132 3 7029 PROGRAMS & SERVICES false false false false false false false false false RANDY D MAIERS 155896 16908 15729 188533 ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE PRIMARY PURPOSE OF THE CORPORATION IS TO SUPPORT AND ENHANCE THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S EFFORTS IN DEVELOPING AND MAINTAINING A RIVER WALK, TO BE KNOWN AS THE "BLUE WATER RIVER WALK", ALONG A NEARLY ONE MILE LONG STRETCH OF THE ST. CLAIR RIVER SHORELINE. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 DOUGLAS TOUMA MICHAEL WHALING TRUSTEE TRUSTEE BUSINESS RELATIONSHIP ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY (SUPPORTED ORGANIZATION) 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. 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 THE MONTHLY 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 ITS SECOND QUARTERLY MEETING. DUE TO THE TIMING ASSOCIATED WITH THE AFOREMENTIONED LEVELS OF REVIEW OF THE AUDIT REPORT, AN 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 990 ARE REVIEWED BY THE FOUNDATION'S DIRECTOR OF FINANCE AND THEN SIGNED BY THE PRESIDENT AND CEO. THE FORM 990S 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'S MANAGEMENT TO FILE EACH FORM 990 AS QUICKLY AS POSSIBLE. IF A FORMAL REVIEW AT A SCHEDULED QUARTERLY BOARD OF TRUSTEE MEETING IS FEASIBLE WITHIN THE TIME FRAME, FOUNDATION MANAGMENT 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 EXPANATORY COVER LETTER WILL ACCOMPANY THE FORM 990S AND 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. ELECTRONIC FILE VERSIONS OF THE FORM 990S ARE THEN MADE AVAILABLE ON THE FOUNDATION'S WEBSITE (WWW.STCLAIRFOUNDATION.ORG), UPLOADED TO GUIDESTAR.ORG (A RESOURCE RELATIVE TO NON-PROFIT ORGANIZATIONS), AND ARE ALSO AVAILABLE UPON REQUEST OR IN PERSON. ENFORCEMENT OF CONFLICTS POLICY 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. COMMUNITY FOUNDATION OF ST. CLAIR COUNTY (SUPPORTED ORGANIZATION) REVIEWS THESE CONFLICT OF INTEREST DISCLOSURES UPON RECEIPT AND THE 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 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY, TAX ID 38-1872132, ACTS AS COMMON PAYMASTER FOR BOTH ITS ORGANIZATION 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 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 TWO ORGANIZATIONS BASED UPON THE ASSIGNED RESPONSIBILITIES, TIME SPENT AND SPECIFIC WORK PERFORMED. OF THE 8 FORM W-2S FILED IN 2012, ONLY ONE INVOLVED AN ALLOCATION OF WAGES AND BENEFITS BETWEEN THE COMMUNITY FOUNDATION AND THE COMMUNITY RENAISSANCE FUND. THE REMAINING RELATED SOLELY TO THE COMMUNITY FOUNDATION (ONE WAS AN EMPLOYEE WHO LEFT THE FOUNDATION IN 2012). THE BLUE WATER LAND FUND HAD NO EMPLOYEES AND RECEIVED NO ALLOCATION OF WAGES FOR 2012. WHILE THE AUDITED FINANCIAL STATEMENTS REFLECT THE CONSOLIDATION OF THE COMMUNITY FOUNDATION AND ITS CONTROLLED SUPPORTING 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 INITIATIVES 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS) FOR THE BLUE WATER LAND FUND, INC. ARE AVAILABLE ON THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S (SUPPORTED ORGANIZATION) 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. ADDITIONALLY, AS A REGISTERED CORPORATION WITH THE STATE OF MICHIGAN, THE ARTICLES OF INCORPORATION FOR THE BLUE WATER LAND FUND, INC. ARE AVAILABLE THROUGH THEIR WEBSITE (WWW.MICHIGAN.GOV). IT IS THE GOAL OF BLUE WATER LAND FUND, INC. AND BOARD TO BE ACCOUNTABLE AND TRANSPARENT 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 BLUE WATER LAND FUND, INC.'S FORM 990, IRS FORM 990-T TO THE EXTENT A FILING WAS REQUIRED, AND THE IRS DETERMINATION LETTER. THEREFORE, BLUE WATER LAND FUND, INC. 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 THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY (SUPPORTED ORGANIZATION) WEBSITE THE AUDITED FINANCIAL STATEMENTS, FORM 990S AND FORM 990-T'S TO THE EXTENT FILINGS WERE REQUIRED FOR A MINIMUM OF THREE YEARS. ADDITIONALLY, THE GUIDESTAR ORGANIZATION SERVES AS A RESOURCE FOR THOSE INDIVIDUALS AND ORGAIZATIONS WISHING TO RESEARCH NONPROFIT ORGANIZATIONS BY WORKING WITH THE IRS TO MAKE AVAILABLE THE 990S OF ALL NONPROFIT ORGANIZATIONS. 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, BLUE WATER LAND FUND, INC. WILL PAY THE NOMINAL FEE TO VOLUNTARILY HAVE ITS IRS FORM 990S UPLOADED TO GUIDESTAR'S WEBSITE, ALONG WITH ITS AUDITED FINANCIALS STATEMENTS THAT INCLUDES AN OPENING COVER LETTER FROM MANAGMENT DISCUSSING KEY PHILOSOPHIES, INITIATIVES, AND THE FINANCIALS. OTHER FEES FOR SERVICES FORM 990, PART IX, LINE 11G RIVER WALK CONSULTING 43,219 0 0 COMMUNITY FOUNDATION OF ST CLAIR CO 516 MCMORRAN BLVD PORT HURON MI 48060 381872132 COMM DEVEL MI 501C3 7 N/A false COMMUNITY RENAISSANCE FUND 516 MCMORRAN BLVD PORT HURON MI 48060 201649237 COMM DEVEL MI 501C3 11A N/A false false true true false true false false false false false false false false false true false false false false COMMUNITY FOUNDATION OF ST CLAIR CO C 470113 CASH BASIS COMMUNITY FOUNDATION OF ST CLAIR CO B 7029 CASH BASIS COMMUNITY FOUNDATION OF ST CLAIR CO E 137103 CASH BASIS