ALBION COMMUNITY FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ALBION COMMUNITY FOUNDATION (EIN 23-7019029)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-03-23
- IRS object ID
- 201140829349300104
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-03-23T09:24:52-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REHMANN ROBSON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 675 ROBINSON RD PO BOX 449 | AddressLine1 |
| City | JACKSON | City |
| State | MI | State |
| ZIP Code | 492040449 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237019029 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBION COMMUNITY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALBI | NameControl |
| Phone | 5176293349 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 203 S SUPERIOR - PO BOX 156 | AddressLine1 |
| City | ALBION | City |
| State | MI | State |
| ZIP Code | 49224 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ELIZABETH SCHULTHEISS | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 5176293349 | Phone |
| Date Signed | 2011-03-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5177876503 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ELIZABETH SCHULTHEISS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 203 S SUPERIOR - PO BOX 156 | AddressLine1 |
| City | ALBION | City |
| State | MI | State |
| ZIP Code | 49224 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3495171 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ALBIONFOUNDATION.ORG | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | COMMUNITY FOUNDATION | TypeOfOrgOtherDescription |
| Year Formation | 1968 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | STRENGTHEN THE GREATER ALBION AREA BY CULTIVATING COMMUNITY ASSETS TO ENHANCE THE QUALITY OF LIFE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 125515 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 237316 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 146796 | InvestmentIncomePriorYear |
| Investment Income Current Year | 229755 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -1464 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3774 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 270847 | TotalRevenuePriorYear |
| Total Revenue Current Year | 470845 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 62747 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 115484 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 52229 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 64290 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 14186 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 102250 | OtherExpensePriorYear |
| Other Expenses Current Year | 161768 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 217226 | TotalExpensesPriorYear |
| Total Expenses Current Year | 341542 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 53621 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 129303 | RevenuesLessExpensesCY |
| Total Assets BOY | 4157262 | TotalAssetsBOY |
| Total Assets EOY | 4578287 | TotalAssetsEOY |
| Total Liabilities BOY | 366215 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 399307 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3791047 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4178980 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE ALBION COMMUNITY FOUNDATION IS TO STRENGTHEN THE GREATER ALBION AREA BY CULTIVATING COMMUNITY ASSETS TO ENHANCE OUR QUALITY OF LIFE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 243008 | Expense |
| Grants | 115484 | Grants |
| Description | MANY COMMUNITY PROJECTS AND CULTURAL EVENTS WERE PROMOTED AND FUNDED DURING THE YEAR THAT BENEFITED THE LOCAL COMMUNITY OF ALBION, MICHIGAN. THE COMMUNITY FOUNDATION AWARDED MORE THAN 50 GRANTS TOTALING MORE THAN $115,000. | Description |
| Total Program Service Expense | 243008 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH N SCHULTHEISS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5176293349 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 203 S SUPERIOR | AddressLine1 |
| City | ALBION | City |
| State | MI | State |
| ZIP Code | 49224 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JOYCE SPICER | ||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| MARILYN HENNON | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| JEFF BELL | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| BERNIE KONKLE JR | ||||||
| VICE PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| TOM PITT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARGARET SINDT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| NIDIA WOLF | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DAN OHMER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN C SHEDD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| NANCY ROUSH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ELIZABETH SCHULTHEISS | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 52365 | 0 | 6900 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 52365 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 6900 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 237316 | AllOtherContributions |
| Total Contributions | 237316 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 106617 | TotalRevenueColumn |
| Exclusion | $106,617 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 7973 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 8435 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -462 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -462 | TotalRevenueColumn |
| Exclusion | -$462 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3139029 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3015891 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 123138 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 123138 | TotalRevenueColumn |
| Exclusion | $123,138 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADMINISTRATIVE FEES | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 4236 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4236 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4236 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 470845 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4236 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $229,293 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113484 | Total |
| Program Services | 113484 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2000 | Total |
| Program Services | 2000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53766 | Total |
| Program Services | 32260 | ProgramServices |
| Management And General | 10753 | ManagementAndGeneral |
| Fundraising | 10753 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5795 | Total |
| Management And General | 5795 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4729 | Total |
| Management And General | 4729 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11808 | Total |
| Management And General | 11808 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14212 | Total |
| Management And General | 14212 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3433 | Total |
| Fundraising | 3433 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10213 | Total |
| Management And General | 10213 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4249 | Total |
| Management And General | 4249 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3121 | Total |
| Management And General | 3121 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7065 | Total |
| Management And General | 7065 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4621 | Total |
| Management And General | 4621 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2299 | Total |
| Management And General | 2299 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| SPECIAL PROJECTS | 95264 | 95264 | |
| MEMBERSHIPS | 2869 | 2869 | |
| REPAIRS | 2614 | 2614 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 341542 | Total |
| Program Services | 243008 | ProgramServices |
| Management And General | 84348 | ManagementAndGeneral |
| Fundraising | 14186 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26355 | BOY |
| EOY | 81191 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 168433 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 103408 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67654 | BOY |
| EOY | 65025 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3622720 | BOY |
| EOY | 3777266 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 398033 | BOY |
| EOY | 612305 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42500 | BOY |
| EOY | 42500 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4157262 | BOY |
| EOY | 4578287 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1803 | BOY |
| EOY | 2103 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5000 | BOY |
| EOY | 3000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 336986 | BOY |
| EOY | 372029 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22426 | BOY |
| EOY | 22175 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 366215 | BOY |
| EOY | 399307 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3561047 | BOY |
| EOY | 3948980 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 230000 | BOY |
| EOY | 230000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3791047 | BOY |
| EOY | 4178980 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4157262 | BOY |
| EOY | 4578287 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 129303 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 258630 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust170b1 Avi | X | CommunityTrust170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 198523 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 202024 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 133165 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 125515 | CurrentTaxYearMinus1Year |
| Current Tax Year | 237316 | CurrentTaxYear |
| Total | 896543 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 198523 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 202024 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 133165 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 125515 | CurrentTaxYearMinus1Year |
| Current Tax Year | 237316 | CurrentTaxYear |
| Total | 896543 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 417393 | AmountsSubstContributorsTotal |
| Public Support Total170 | 479150 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 190341 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 220118 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 76747 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 118364 | CurrentTaxYearMinus1Year |
| Current Tax Year | 106617 | CurrentTaxYear |
| Total | 712187 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1608730 | TotalSupport |
| Public Support Pertcentage170 | 0.29780 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.55430 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests PY170 | X | ThirtyThreePercntTestsPY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 9 | NumberDAFsHeld |
| Donor Advised Contributions | 51770 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 12505 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 377999 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3799922 | BeginningOfYearBalance |
| Contributions | 112876 | Contributions |
| Investment Earnings Or Losses | 488048 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 264886 | GrantsOrScholarships |
| Administrative Expenses | 19038 | AdministrativeExpenses |
| End Of Year Balance | 4116922 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3250431 | BeginningOfYearBalance |
| Contributions | 121640 | Contributions |
| Investment Earnings Or Losses | 579046 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 144674 | GrantsOrScholarships |
| Administrative Expenses | 6521 | AdministrativeExpenses |
| End Of Year Balance | 3799922 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5003421 | BeginningOfYearBalance |
| Contributions | 130263 | Contributions |
| Investment Earnings Or Losses | -1528646 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 354607 | GrantsOrScholarships |
| End Of Year Balance | 3250431 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.92860 | BoardDesignatedEOYBalance |
| Term Endowment EOY Balance | 0.07140 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5000 | OtherCostOrOtherBasis |
| Book Value | 5000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 143418 | OtherCostOrOtherBasis |
| Depreciation | 84609 | Depreciation |
| Book Value | 58809 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20015 | OtherCostOrOtherBasis |
| Depreciation | 18799 | Depreciation |
| Book Value | 1216 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 65025 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CASH & CASH EQUIVALENTS | Description |
| Book Value | 612305 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 612305 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GIFT ANNUITY PAYABLE | Description |
| Amount | $22,175 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 22175 | TotalOfAmounts |
| Total Revenue | 470845 | TotalRevenue |
| Total Expenses | 341542 | TotalExpenses |
| Excess Or Deficit For Year | 129303 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 258630 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 258630 | TotalAdjustments |
| Excess Or Deficit Per FS | 387933 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 737910 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 258630 | NetUnrealizedGainsInvestments |
| Other Revenues | 8435 | OtherRevenues |
| Revenue Not Rptd F990 | 267065 | RevenueNotRptdF990 |
| Revenue Subtotal | 470845 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 470845 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 349977 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 8435 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 8435 | ExpensesNotRptdF990 |
| Expenses Subtotal | 341542 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 341542 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE FOUNDATION HAS ENTERED INTO AGREEMENTS WITH OTHER ORGANIZATIONS TO RECEIVE, INVEST AND MANAGE CERTAIN OF THEIR FUNDS. IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 136, TRANSFERS OF ASSETS TO A NOT-FOR-PROFIT FOUNDATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS, THE FOUNDATION REPORTS A LIABILITY FOR THESE RESOURCES SINCE THE OTHER ORGANIZATIONS HAVE EITHER NAMED THEMSELVES AS BENEFICIARIES OR RETAINED THE UNILATERAL RIGHT TO WITHDRAW OR OTHERWISE REDIRECT THE USE OF THOSE FUNDS. | |
| PART V, LINE 4: | THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT CHARITABLE ACTIVITIES IN THE GREATER ALBION, MICHIGAN AREA. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE FOUNDATION HAS EVALUATED THE PROVISIONS OF ASC TOPIC 740; THE EVALUATION WAS PERFORMED FOR THE YEARS 2007 THROUGH 2010, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2010. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS (UTBS; E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2010, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| RENTAL EXPENSES 8,435. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSES 8,435. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| CITY OF ALBION | |||||||
| 112 W CASS STREET | ALBION | MI | 49224 | 386004655 | GOVERNMENT | 19250 | RIEGER PARK POND RENOVATIONS AND STOFFER PLAZA PARKING IMPROVEMENTS AND GRANT APPLICATION ASSISTANCE |
| ALBION PUBLIC SCHOOLS | |||||||
| 1418 COOPER STREET | ALBION | MI | 49224 | 386000759 | GOVERNMENT | 18005 | JESSIES GIFT MENTORING PROGRAM, DESTINATION IMAGINATION, PLAYGROUND UPGRADES, AFTERSCHOOL PROGRAMS |
| KIDS 'N STUFF | |||||||
| 301 S SUPERIOR STREET | ALBION | MI | 49224 | 383580496 | 501(C)3 | 12520 | MUSEUM OPERATIONS, YOUTH PROGRAMS |
| CALHOUN COUNTY LAND BANK AUTHORITY | |||||||
| 315 GREEN STREET | MARSHALL | MI | 49068 | 300407720 | GOVERNMENT | 12061 | TO SUPPORT THE ACQUISITION OF A TAX REVERTED HISTORIC PROPERTY. |
| ALBION DOWNTOWN DEVELOPMENT AUTHORITY | |||||||
| 309 N SUPERIOR STREET | ALBION | MI | 49224 | 386004655 | GOVERNMENT | 8942 | DOWNTOWN IMPROVEMENT PROJECTS - PORTER SQUARE |
| ALBION VOLUNTEER SERVICE ORGANIZATION | |||||||
| 131 E CASS STREET | ALBION | MI | 49224 | 382970255 | 501(C)3 | 11500 | VOLUNTEER SERVICES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 6 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE COMMUNITY FOUNDATION USES A POST PROJECT EVALUATION FORM FOR EACH GRANT PROJECT TO COMPARE OBJECTIVES AND BUDGETS FROM THE APPLICATION TO THE ACTUAL OUTCOMES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 TAX RETURN IS REVIEWED BY THE FINANCE COMMITTEE AND IS THEN REVIEWED BY THE FULL BOARD. | |
| BOARD MEMBERS COMPLETE A FORM ON AN ANNUAL BASIS AT THE JANUARY MEETING TO ENSURE THAT THE CONFLICT OF INTEREST POLICY IS EFFECTIVE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE SALARY OF THE EXECUTIVE DIRECTOR (THE ONLY EMPLOYEE OF THE COMMUNITY FOUNDATION) IS DETERMINED BY THE BOARD USING THE COUNCIL OF MICHIGAN FOUNDATIONS ANNUAL SURVEY SALARY AS A GUIDE. | FORM 990, PART VI, SECTION B, LINE 15A | |
| ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE COMMUNITY FOUNDATION'S WEBSITE AND IN ITS PUBLISHED ANNUAL REPORT. GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 258,630. | FORM 990, PART XI, LINE 5: |
| THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XII, LINE 2C |
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