2023-11-13T19:29:26-06:00 2022-12-31 381910111 UHY ADVISORS MI INC 1979 HOLLAND AVE SUITE A PORT HURON MI 48060 990 2022-01-01 381872132 COMMUNITY FOUNDATION OF ST CLAIR COUNTY COMM 8109844761 500 WATER STREET PORT HURON MI 48060 RANDY D MAIERS PRESIDENT 8109844761 2023-11-10 1 RANDY MAIERS 999009999 0 JESSICA WALZ P01227819 8109843829 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDY D MAIERS 500 WATER STREET PORT HURON MI 48060 29905303 0 X WWW.STCLAIRFOUNDATION.ORG X 1944 MI TO SERVE THE CHARITABLE NEEDS AND ENHANCE THE QUALITY OF LIFE IN ST. CLAIR COUNTY BY PROVIDING THE MEANS TO ACHIEVE CHARITABLE GOALS, BUILD PERMANENT ENDOWMENTS AND SUPPORT THE ST CLAIR COUNTY COMMUNITY. 27 26 16 286 73609 50673 6858879 3020432 0 0 5879241 16044064 115287 92765 12853407 19157261 3820848 4368854 0 0 1047143 1088507 0 0 198876 711859 678783 5579850 6136144 7273557 13021117 104432445 86565906 21378351 18127351 83054094 68438555 TO SERVE THE CHARITABLE NEEDS AND ENHANCE THE QUALITY OF LIFE IN ST. CLAIR COUNTY BY PROVIDING THE MEANS TO ACHIEVE CHARITABLE GOALS, BUILD PERMANENT ENDOWMENTS AND SUPPORT THE ST CLAIR COUNTY COMMUNITY. 0 0 5066247 4368854 SEE SCHEDULE FOR PART II LINE 22 5066247 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 34 0 1 16 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI GA X X X KAREN A LEE 8109844761 500 WATER STREET PORT HURON MI 48060 X MICHAEL J CANSFIELD TRUSTEE 0.50 X 0 0 0 JOSHUA CHAPMAN TRUSTEE 0.50 X 0 0 0 JAMES P CHARRON TRUSTEE 0.50 X 0 0 0 THERESE DAMMAN TRUSTEE 0.50 X 0 0 0 SHERI FAUST TRUSTEE 1.00 1.00 X 0 0 0 DON C FLETCHER TRUSTEE 0.50 X 0 0 0 DR RANDA JUNDI-SAMMAN TRUSTEE 1.00 1.00 X 0 0 0 CHARLES G KELLY TRUSTEE 0.50 X 0 0 0 KORISSA KRAMER TRUSTEE 0.50 X 0 0 0 DONNA KUHR TRUSTEE 0.50 X 0 0 0 SONAL MAKIM TRUSTEE 1.00 1.00 X 0 0 0 JANAL L MOSSETT TRUSTEE 0.50 X 0 0 0 DONNA NIESTER TRUSTEE 0.50 X 0 0 0 ALEXIS RUMPTZ TRUSTEE 0.50 X 0 0 0 STEVEN SCHWEIHOFER TRUSTEE 0.50 X 0 0 0 DUNCAN E SMITH TRUSTEE 0.50 X 0 0 0 CLIFFORD S THOMASON TRUSTEE 0.50 X 0 0 0 JOHN TOMLINSON TRUSTEE 0.50 X 0 0 0 TIMOTHY M WARD TRUSTEE 0.50 X 0 0 0 MICHAEL WENDLING TRUSTEE 0.50 X 0 0 0 SHAWN SHACKELFORD TRUSTEE 0.50 X 0 0 0 EMILY VINCKIER-PIERCE TRUSTEE 0.50 X 0 0 0 RANDY D MAIERS PRESIDENT/CEO 40.00 X 268802 0 57085 PATRICIA A MANLEY VICE CHAIR 2.00 2.00 X 0 0 0 WILLIAM G OLDFORD SECRETARY 1.50 2.00 X 0 0 0 F WILLIAM SCHWARZ III TREASURER 1.00 2.00 X 0 0 0 WALKER HALE CHAIR 2.00 2.00 X 0 0 0 JACKIE HANTON VICE PRESIDENT 40.00 X 132112 0 11947 400914 0 69032 2 0 1 0 WESTHAVEN BUILDERS LLC 640 N 3RD STREET ST CLAIR MI 48079 RIVERBANK YOUTH THEATRE GRANT DISTRIBUTI 1788331 1 3020432 173160 3020432 1514095 1514095 11388360 13889651 10748042 0 640318 13889651 14529969 640318 13889651 HARBERT US REAL ESTATE FUND V 900099 38998 38998 JCR COMMERCIAL REFINANCE FUND 900099 34611 34611 19156 19156 92765 19157261 659474 73609 15403746 3821040 3821040 547814 547814 296901 126360 120671 49870 598369 285706 241539 71124 36897 16998 14666 5233 99961 46192 32860 20909 56379 26204 22947 7228 4791 4791 38600 38600 276180 276180 86184 75631 10553 26040 12018 10335 3687 68214 31960 26720 9534 28716 13229 11415 4072 9082 4184 3610 1288 15775 12014 2772 989 64618 29768 25686 9164 13150 6058 5227 1865 MISCELLANEOUS 23738 155 23583 DUES/MEMBERSHIP/SUBSCRI 23695 10916 9419 3360 6136144 5066247 871021 198876 2046821 147249 9940457 6548824 116857 160501 436619 255426 909717 2005712 475 27488 33823 1422987 462705 978862 960282 89729444 76273117 246180 180497 104432445 86565906 127815 149834 4106138 2528669 850 17086132 14109366 58266 978632 200000 0 160000 21378351 18127351 X 83054094 68438555 83054094 68438555 104432445 86565906 X 13021117 -30875245 -233940 3472529 X X 0 1 X 1 0 X 2431245 4054013 7611231 6864211 3020432 23981132 2431245 4054013 7611231 6864211 3020432 23981132 23981132 1759742 1793212 1448367 1814814 1514095 8330230 134904 76995 15586 71125 50673 349283 35491 34598 3170 10094 20470 103823 32764468 0.73190 0.77910 X PART II LINES 1-10 THE COMMUNITY FOUNDATION HOLDS A NUMBER OF AGENCY ENDOWMENTS, AND OUR AUDITED FINANCIAL STATEMENTS REFLECT THESE AGENCY SHARES AS A LIABILITY IN COMPLIANCE WITH THE ASC 605 ACCOUNTING STANDARD. WHEREAS THE COMMUNITY FOUNDATION MAINTAINS LEGAL OWNERSHIP TO ALL ENDOWMENTS, THE RESPECTIVE AGENCIES DO HOLD A BENEFICIAL INTEREST IN RELATED INVESTMENTS. PRIOR TO 2021, FORM 990 REPORTING MIRRORED THE AUDITED FINANCIAL STATEMENTS, EXCLUDING AGENCY GIFTS AND INVESTMENT EARNINGS/EXPENSE. COMMUNITY FOUNDATION BOARD ACTION WOULD BE REQUIRED FOR RELEASE OF AGENCY FUNDS, AND THUS, IN RETROSPECT, WE BELIEVE THAT BENEFICIAL INTEREST STATUS DEEMS AGENCY SHARES AS 'UNREALIZED' UNTIL THAT ACTION TAKES PLACE. CONSEQUENTLY, BEGINNING WITH THE 2021 FORM 990, AGENCY FUND SHARES ARE NO LONGER EXCLUDED FROM 990 REPORTING. ADDITIONALLY FOR SCHEDULE A PART II, SECTIONS A & B, THE PRECEDING THREE YEARS 2018-2020 HAVE BEEN RESTATED TO PROVIDE FOR A MORE VALID COMPARISON YEAR OVER YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64 178 1239366 1180390 1424704 2088761 8280747 60157808 1 1 0 1 X 76546429 921913 -11937829 -3214560 -218478 62097475 67864954 1821346 10188820 -3114344 -214347 76546429 59718846 3758535 6933279 -2287786 -257920 67864954 51454203 2171585 8372885 -2078410 -201417 59718846 55145156 1003185 -1973132 -2405444 -315562 51454203 1.00000 0 0 85000 85000 1108812 311864 796948 182187 141002 41185 46988 9839 37149 960282 FUNDS HELD FOR COMMUNITY INITATIVES 125000 THUMBCOAST KITCHENS LIABILITY DUE TO CRF 35000 160000 -9627446 -30875245 -30875245 21247799 233940 -2324478 -2090538 19157261 4988093 -321822 -321822 5309915 276180 550049 826229 6136144 PART IV, LINE 2B: THESE ACCOUNTS INCLUDE DONATIONS FROM AN AGENCY FOR A FUND THAT BENEFITS THE SAME AGENCY, OR A HYBRID OF BOTH DONATIONS FROM THE AGENCY AND FROM UNRELATED THIRD PARTIES. ALTHOUGH ALL DONATIONS RECEIVED ARE LEGALLY OWNED BY THE COMMUNITY FOUNDATION, AND REMAIN AS ASSETS, THE PORTION OF THE FUND THAT COMES FROM THE BENEFICIARY AGENCY IS CONSIDERED A RECIPROCAL TRANSFER AND AS SUCH, THE COMMUNITY FOUNDATION REPORTS AN OFFSETTING LIABILITY. PART V, LINE 4: IN ACCORDANCE WITH THE FOUNDATION'S GOVERNING DOCUMENTS, OUR ENDOWMENTS PROVIDE SUPPORT FOR ORGANIZATIONS, PROGRAMS, AND INITIATIVES THAT ARE CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC, OR LITERARY IN NATURE, THEREBY HELPING TO IMPROVE THE QUALITY OF LIFE IN ST. CLAIR COUNTY. ACCOUNTING STANDARDS UPDATE (ASU) 2016-14, NOT-FOR-PROFIT ENTITIES (TOPIC 958) - PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES IS IN EFFECT. WITH THE IMPLEMENTATION OF THIS ACCOUNTING STANDARD UPDATE IN 2018, THE COMMUNITY FOUNDATION REASSESSED ITS NET ASSET CLASSIFICATION ON ALL FUNDS IN LIGHT OF THE NEW STANDARD'S NET ASSET TERMINOLOGY AND OUR BOARD'S VARIANCE POWER OUTLINED IN GOVERNING DOCUMENTS AND FUND AGREEMENTS. RECOGNIZING THAT DONOR RELATIONSHIPS ARE CRITICAL TO PAST AND FUTURE SUCCESS, DONOR PERCEPTION OF THE BOARD'S VARIANCE POWER HAS REMAINED AT THE FOREFRONT THROUGH NET ASSET CLASSIFICATION ASSESSMENTS WITH IMPLEMENTATION OF RELATED CHANGES IN ACCOUNTING STANDARDS THROUGH THE YEARS. IN LIGHT OF NET ASSET TERMINOLOGY AND THE BOARD'S VARIANCE POWER, OUR FOUNDATION HAS CONCLUDED TO BROADLY CLASSIFY ALL NET ASSETS AS WITHOUT DONOR RESTRICTIONS YET INCLUDE A SECONDARY LAYER OF CLASSIFICATION OUTLINING THOSE DONOR-DESIGNATED FUNDS (DIFFERENTIATING BETWEEN THOSE ENDOWED AND NON-ENDOWED), AND THOSE FUNDS WHERE THE USE/DESIGNATION IS AT THE BOARD'S DISCRETION, IS INVESTED IN PROPERTY AND EQUIPMENT, OR UNDESIGNATED FOR OPERATIONS AND SUPPORTING ORGANIZATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND ACTIVITY CONTRIBUTIONS AND INVESTMENT EARNINGS -2,384,478. CONTRIBUTION REPORTED ON PRIOR YEAR 990 60,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS REFUNDED -263,556. PRIOR YEAR GRANT REPORTED ON 990 -58,266. PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND ACTIVITY GRANTS AND EXPENSES 550,049. 0 RESTORATION CHRISTIAN COMMUNITY CHURCH 3201 GRATIOT AVENUE PORT HURON MI 48060 201496995 3 12500 0 CREATIVE & PERFORMING ARTS/YOUTH & YOUNG ADULT/FOOD & READING PROGRAMS PORT HURON BRANCH NAACP PO BOX 610486 PORT HURON MI 48060 203894253 3 7200 0 GENERAL SUPPORT/ANNUAL BANQUET/SOUTHSIDE MUSIC FESTIVAL INTERNATIONAL SYMPHONY ORCHESTRA PO BOX 610242 PORT HURON MI 48060 237035763 3 16884 0 GENERAL SUPPORT LITERACY AND BEYOND INC 3110 GOULDEN STREET PORT HURON MI 48060 262827004 3 27760 0 2GEN COLLEGE & CAREER A BEAUTIFUL ME 525 COURT STREET PORT HURON MI 48060 263340108 3 20385 0 GENERAL SUPPORT/TRAINING SPACE/WORKSHOP/CLOTHES CLOSET ENTER STAGE RIGHT 647 NEW HAMPSHIRE AVENUE MARYSVILLE MI 48040 263508229 3 10000 0 GENERAL SUPPORT/COMMUNITY PARTNER THEATRE FESTIVAL ALGONAC LIONS CHARITIES INC PO BOX 274 ALGONAC MI 48001 320104818 3 36137 0 PAST GOVERNORS GOALS/LEADER DOG/CLUB GOLF CART/SCHOLARSHIPS HOLY CROSS CATHOLIC SCHOOL 618 S WATER STREET MARINE CITY MI 48039 371542098 3 15675 0 2022 SCHOLARSHIPS LAPEER AREA CHAMBER OF COMMERCE 108 W PARK STREET LAPEER MI 48446 381225498 6 10500 0 LAPEER DAYS/LIGHT UP LAPEER SACRED HEART MAJOR SEMINARY 2701 CHICAGO BLVD DETROIT MI 48206 381358214 3 15675 0 2022 SCHOLARSHIPS YMCA OF THE BLUE WATER AREA 1525 THIRD STREET PORT HURON MI 48060 381358417 3 107625 0 EDDY DAYCARE CENTER/GENERAL SUPPORT & PROGRAMMING ST VINCENT DE PAUL ST MARY COUNCIL 415 N SIXTH STREET ST CLAIR MI 48079 381359592 3 22078 0 ELDERLY SUPPORT HILLSDALE COLLEGE 33 E COLLEGE STREET HILLSDALE MI 49242 381374230 3 28089 0 GENERAL SUPPORT SANBORN GRATIOT MEMORIAL 3732 CHERRY STREET PORT HURON MI 48060 381377629 3 9842 0 GENERAL SUPPORT/NEW FRIDGE ECONOMIC DEVELOPMENT ALLIANCE 100 MCMORRAN 4TH FLOOR SUITE B PORT HURON MI 48060 381410034 3 10000 0 EMERGE FUND ST CLAIR COUNTY RESA 499 RANGE ROAD PO BOX 1500 MARYSVILLE MI 48040 381709221 GOV 23500 0 STUDENT SUPPORT/SCHOLARSHIPS & PROGRAMS ST CLAIR COUNTY COMMUNITY COLLEGE 323 ERIE STREET PORT HURON MI 48060 381857017 GOV 266288 0 STUDENT SUPPORT/GOLF OUTING/LEARNING CENTER/FACULTY GRANTS PORT HURON MUSEUM OF ARTS AND HISTORY 905 SEVENTH STREET PORT HURON MI 48060 381864312 3 146611 0 GENERAL SUPPORT & PROGRAMMING PORT HURON CIVIC THEATRE INC PO BOX 610821 PORT HURON MI 48060 381902957 3 5500 0 PRODUCTION AND DISTRIBUTION OF A 15 MINUTE WEB SERIES RILEY TOWNSHIP 13042 BELLE RIVER ROAD RILEY MI 48041 382087531 GOV 12000 0 RILEY TWP. PARK PLAYGROUND PARK IMPROVEMENTS ST MARTINS EVANGELICAL 156 SOUTH WILLIAM STREET MARINE CITY MI 48039 382129353 3 8940 0 REPLACE FLOORING AND SHELVES FIRST CONGREGATIONAL CHURCH UCC 300 ADAMS STREET ST CLAIR MI 48079 382133665 3 25000 0 GENERAL SUPPORT CARDINAL MOONEY CATHOLIC HIGH SCHOOL 660 S WATER ST MARINE CITY MI 48039 382225936 3 9754 0 GENERAL SUPPORT/ATHLETIC SUPPORT BLUE WATER SAFE HORIZONS 1530 PINE GROVE AVENUE SUITE 2 PORT HURON MI 48060 382234145 3 19299 0 GENERAL SUPPORT/FRIDGE COMMUNITY FOUNDATION OF MONROE COUNTY 9 WASHINGTON STREET MONROE MI 48161 382236628 3 7500 0 SUPPORT FOR CHRISTMAS PARADE/SCHOLARSHIPS/1ST RESPONDERS BLUE WATER COMMUNITY ACTION AGENCY 3403 LAPEER ROAD PORT HURON MI 48060 382284121 3 22000 0 USDA LOAN RESERVE PAINT CREEK CENTER FOR THE ARTS 407 PINE STREET ROCHESTER MI 48307 382386902 3 7000 0 2022 ARTS & APPLES FESTIVALS THE PORT HURON MUSICALE 4318 GRATIOT AVE PORT HURON MI 48060 382465040 3 7346 0 MUSIC LESSONS/GENERAL SUPPORT OLD NEWSBOYS ASSOCIATION OF PORT HURON PO BOX 100 MARYSVILLE MI 48040 382496656 3 48000 0 MPI EVENT WINNER 1ST/CHILDREN IN NEED/CAMPAIGN 2022 HOLY CROSS EDUCATIONAL FUND INC 5932 MARINE CITY HWY CHINA MI 48054 382529645 3 26327 0 GENERAL SUPPORT MARINE CITY SCHOLARSHIP FOUNDATION 1115 S PARKER STREET MARINE CITY MI 48039 382591111 3 5475 0 2022 SCHOLARSHIPS MARWOOD NURSING AND REHAB 1300 BEARD STREET PO BOX 5011 PORT HURON MI 48060 382683251 3 10282 0 GENERAL SUPPORT MARYSVILLE ROTARY CLUB PO BOX 300 MARYSVILLE MI 48040 382684151 3 9300 0 STORYWALK PROJECT AND COMMUNITY PROJECTS MICHIGAN WOMEN FORWARD 1155 BREWERY PARK BLVD SUITE 350 DETROIT MI 48207 382689979 3 25000 0 SUPPORT FOR SMALL BUSINESS DEVELOPMENT/MENTORING FOUR COUNTY COMMUNITY FOUNDATION PO BOX 539 231 E ST CLAIR ALMONT MI 48003 382736601 3 36420 0 SCHOLARSHIP FUND TRANSFER TO BETTER SERVE GEOGRAPHIC AREA SPERO PREGNANCY CENTER 1211 GRISWOLD ST PORT HURON MI 48060 382774182 3 11262 0 GENERAL SUPPORT/PRENATAL VITAMINS/INFANT CAR SEATS MCLAREN PORT HURON FOUNDATION 1201 STONE STREET SUITE 11 PORT HURON MI 48060 382777750 3 44582 0 CAPACITY BUILDING/HEALTH CENTER & PROGRAMS/TALENT ATTRACTION SONS OUTREACH PO BOX 610385 PORT HURON MI 48061 383090778 3 28865 0 GENERAL SUPPORT & YOUTH PROGRAMMING/MASONRY EQUIPMENT ALGONAC SPORTS BOOSTERS 5200 TAFT ROAD ALGONAC MI 48001 383131091 3 6217 0 WEIGHT ROOM REHAB PROJECT BRIDGE BUILDERS COUNSELING INC PO BOX 611202 PORT HURON MI 48061 383154458 3 13956 0 ANNUAL BANQUET/GENERAL SUPPORT/BRIDGE THE GAP/COACH MENTORING PROGRAM MAIN STREET ASSOCIATION PO BOX 7596 ANN ARBOR MI 48107 383173738 3 7000 0 TASTE OF ANN ARBOR/MAIN STREET SUMMER MUSIC SERIES CASEVILLE CHAMBER OF COMMERCE 6632 MAIN STREET CASEVILLE MI 48725 383188999 6 10000 0 CHEESEBURGER FESTIVAL ST CLAIR CHAMBER OF COMMERCE PO BOX 121 201 N RIVERSIDE AVE ST CLAIR MI 48079 383203791 6 35000 0 ROCKIN THE PLAZA PHHS BIG RED MARCHING MACHINE BAND BOOSTERS PO BOX 611606 PORT HURON MI 48060 383209751 3 12590 0 BAND CAMP AND CLASS ROOM INSTRUMENTS BLUE WATER OFFSHORE RACING ASSOCIATION INC PO BOX 351 ST CLAIR MI 48079 383377746 3 10000 0 ST. CLAIR RIVER CLASSIC OFFSHORE RACE MID CITY NUTRITION 2014 HOLLAND AVENUE SUITE 701 PORT HURON MI 48060 383934612 3 28370 0 GENERAL SUPPORT/GUEST SERVICES PROGRAMMING/OVEN/100 WOMEN EVENT WINNER PORT HURON SCHOOLS 2720 RIVERSIDE DRIVE PORT HURON MI 48061 386003498 GOV 35687 0 STUDENT SUPPORT & PROGRAMS/COLLEGE ADVISOR YALE PUBLIC SCHOOLS 247 SCHOOL DRIVE YALE MI 48097 386003506 GOV 41985 0 STUDENT SUPPORT & PROGRAMS ALGONAC COMMUNITY SCHOOLS 5200 TAFT RD ALGONAC MI 48001 386003526 GOV 22974 0 TEACHER GRANTS & COLLEGE CAMPUS TOUR TO OAKLAND EAST CHINA SCHOOL DISTRICT 2200 CLINTON AVENUE ST CLAIR MI 48079 386003547 GOV 17045 0 STUDENT SUPPORT & PROGRAMS CITY OF MARYSVILLE 1255 DELAWARE AVENUE MARYSVILLE MI 48040 386004574 GOV 9500 0 AMPHITHEATER COMPLEX / PUBLIC SAFETY EXPLORERS PROGRAM / DOG PARK AMENITIES CITY OF ST CLAIR 547 N CARNEY DRIVE ST CLAIR MI 48079 386004590 GOV 79334 0 COMMUNITY IMPROVEMENTS/PROGRAMMING/FESTIVALS CITY OF MONROE 120 E FIRST STREET MONROE MI 48161 386004638 GOV 6000 0 CONCERTS IN THE PARK/HOMETOWN HOLIDAY LIGHTS CITY OF PORT HURON 100 MCMORRAN BLVD PORT HURON MI 48060 386004727 GOV 781198 0 COMMUNITY TRAIL/IMPROVEMENTS/PROGRAMS/PROJECTS MICHIGAN STATE UNIVERSITY 535 CHESTNUT ROAD ROOM 300 EAST LANSING MI 48824 386005984 3 7500 0 CHAPEL RESTORATION/MSU PROMISE ENDOWED SCHOLARSHIP FUND REDFORD TOWNSHIP 12121 HEMINGWAY REDFORD TOWNSHIP MI 48239 386006306 GOV 10000 0 COMMUNITY FESTIVAL&FIREWORKS/OKTOBERFEST ST CLAIR COUNTY 200 GRAND RIVER AVENUE PORT HURON MI 48060 386006420 GOV 45330 0 COMMUNITY IMPROVEMENTS/PROGRAMS/PROJECTS YPSILANTI TOWNSHIP 7200 S HURON RIVER DRIVE YPSILANTI MI 48197 386007433 GOV 12000 0 COMMUNITY EVENTS SOS MARYSVILLE FOOD PANTRY 2929 GRATIOT AVENUE MARYSVILLE MI 48040 452737183 3 10000 0 GENERAL SUPPORT/HEALTHY FOOD PROGRAM MARTHA'S HOUSE - HOME OF ME TIME MINISTRY 2853 10TH AVENUE PORT HURON MI 48060 472406245 3 5135 0 GENERAL SUPPORT AMITY FOUNDATION PO BOX 1053 DEARBORN HEIGHTS MI 48217 474368843 3 10000 0 SUHOOR FESTIVAL RIVERBANK YOUTH THEATRE 420 SOUTH WATER STREET MARINE CITY MI 48039 474694944 3 265488 0 ST. CLAIR BOARDWALK THEATRE ATHLETIC FACTORY INC 2865 W RICK DR PORT HURON MI 48060 611850568 3 68750 0 GENERAL SUPPORT/ YOUTH PROGRAMS/SUSTAINABILITY FRIENDS OF THE ST CLAIR RIVER WATERSHED PO BOX 611496 PORT HURON MI 48060 770670838 3 35915 0 COMMUNITY IMPROVEMENTS/PROGRAMS/PROJECTS KIDS IN DISTRESS SERVICES 1114 S 7TH ST ST CLAIR MI 48079 810561072 3 8379 0 GENERAL SUPPORT/SOCKS&UNDERWEAR STERLING HEIGHTS REGIONAL CHAMBER OF COMMERCE & INDUSTRY FOUNDATION 12900 HALL ROAD SUITE 100 STERLING HEIGHTS MI 48313 812214152 3 10000 0 STERLINGFEST BLUE WATER RECOVERY & OUTREACH CENTER PO BOX 611424 PORT HURON MI 48060 822011928 3 19591 0 SOFTBALL TOURNAMENT/CENTER RENOVATIONS/SUPPORT FOR STORYTELLING PONTIAC COMMUNITY FOUNDATION 79 OAKLAND AVENUE PONTIAC MI 48342 825321502 3 10000 0 PONTIAC ARTS COMMISSION 2022 EVENTS ST CLAIR COUNTY ORGANIZING FOR REGIONAL EQUITY 3003 MOAK STREET PORT HURON MI 48060 831930756 3 18675 0 GENERAL SUPPORT/PROGRAMS LIBERTY RIDERS INC 7103 GRATIOT AVENUE ST CLAIR MI 48079 900134885 3 10000 0 NEW INSTRUCTOR/2023 FUNDRAISER CAMAS VALLEY CHRISTIAN FELLOWSHIP PO BOX 41 CAMAS VALLEY OR 97416 931226883 3 15800 0 GENERAL SUPPORT TRADITIONAL SCHOLARSHIPS 158 497696 COME HOME SCHOLARSHIPS 1 13000 COMPLETE YOUR DEGREE 13 37118 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RANDY D MAIERS PRESIDENT/CEO 236164 0 30000 0 2638 0 17723 0 39362 0 325887 0 0 0 X 2982 173160 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE A FEW INSTANCES, AS EXPLAINED BELOW, IN WHICH ONE OF THE FOUNDATION'S BOARD OF TRUSTEES HAS A BUSINESS OR FAMILY RELATIONSHIP WITH ANOTHER OF THE FOUNDATION'S TRUSTEES. GIVEN THE FACT THAT THE FOUNDATION'S BOARD CONSISTS OF 29 VOTING TRUSTEES (INCLUDING THE PRESIDENT), NO TWO OR THREE TRUSTEES TOGETHER COULD CONTROL NOR PLACE UNDUE INFLUENCE ON ANY BUSINESS OR ACTIVITIES CONDUCTED BY THE FOUNDATION'S BOARD. EVEN WITH A PERIODIC VACANCY ON THE BOARD THAT MAY ARISE, THE RESULTING IMPACT IS IMMATERIALLY CHANGED. ONE OF THE COMMUNITY FOUNDATION'S STRENGTHS IS THAT OUR GOVERNANCE IS STRUCTURED TO ENGAGE KEY COMMUNITY LEADERS FROM ALL BUSINESS ASPECTS AND GEOGRAPHIC AREAS OF THE COUNTY. GIVEN THIS APPROACH AND THE FACT THAT OUR BOARD IS FAIRLY LARGE IN COMPARISON (AT 29 VOTING MEMBERS), THERE INEVITABLY WILL BE SOME SITUATIONS WHERE A RELATIONSHIP MAY ARISE. IN EACH OF THESE INSTANCES, HOWEVER, THE FOUNDATION HAS TAKEN MEASURES TO MAINTAIN TRANSPARENCY, KEEP ANY TRANSACTION AT ARMS-LENGTH, AND ENFORCE ITS CONFLICT OF INTEREST POLICY. ANNUALLY, ALL BOARD MEMBERS COMPLETE A DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST, INCLUDING SERVICE ON OTHER BOARDS, FAMILY, WHICH IS SUMMARIZED IN BOARD BOOKS AND ARE DISCLOSED VERBALLY AND IN MEETING MINUTES WHEN CONFLICTS OF INTEREST ARISE. IN THEIR RESPECTIVE BUSINESSES, BOARD MEMBERS MAY HAVE BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS WHETHER IT IS THROUGH A FINANCIAL INSTITUTION, LAW FIRM, ACCOUNTING FIRM ETC; HOWEVER, THE COMMUNITY FOUNDATION AND ITS SUPPORTING ORGANIZATIONS HAVE HAD NO INVOLVEMENT OTHERWISE WITH THE RESPECTIVE TO THOSE POTENTIAL RELATIONSHIPS. FOLLOWING IS A SUMMARY OF THE BUSINESS AND/OR FAMILY RELATIONSHIPS THAT EXISTED IN 2022: 1. THE FOUNDATION MAINTAINS DEPOSIT ACCOUNTS AT ALL AREA FINANCIAL INSTITUTIONS IN AN EFFORT TO DEMONSTRATE IMPARTIALITY AS WELL AS TO MAXIMIZE FDIC INSURANCE COVERAGE ON FUNDS HELD. ONE TRUSTEE, WILL OLDFORD, IS THE PRESIDENT AT EASTERN MICHIGAN BANK, WHILE TRUSTEES TIM WARD AND DONNA NIESTER ALSO SERVE ON EASTERN MICHIGAN BANK'S BOARD. THESE DEPOSIT ACCOUNTS MEET THE SAME REQUIREMENTS / CRITERIA OF ACCOUNTS OFFERED TO NON-PROFIT ORGANIZATIONS IN THE GENERAL PUBLIC. NONE OF THESE INDIVIDUALS ARE DIRECTLY INVOLVED WITH OUR DEPOSIT BANKING RELATIONSHIPS OR SERVE IN AN OFFICER CAPACITY FOR THE FOUNDATION, AND NONE ARE AUTHORIZED SIGNERS ON THOSE ACCOUNTS OR COULD NOT OTHERWISE CONDUCT ACTIVITY FOR THOSE ACCOUNTS. SIMILARLY, IN THEIR BANKING ROLES, EACH MAY HAVE BANKING RELATIONSHIPS WITH OTHER TRUSTEES/BANKS; HOWEVER, THE COMMUNITY FOUNDATION HAS HAD NO INVOLVEMENT OTHERWISE WITH THE RESPECTIVE BUSINESSES TO WHICH THE TRUSTEES HAVE RELATIONSHIPS. 2. TRUSTEE JIM CHARRON IS A FINANCIAL ADVISOR WITH OPPENHEIMER & CO., INC. WHO HAD A LONG-STANDING CLIENT RELATIONSHIP WITH THE KNOWLTON FOUNDATION AND ITS FOUNDING FAMILY, FOR WHOM MOVED FORWARD WITH ITS SUCCESSION AND DISSOLUTION PLANS AND TRANSFERRED ALL ITS ASSETS TO OUR COMMUNITY FOUNDATION IN 2020. PURSUANT TO TERMS OUTLINED IN AN INVESTMENT POLICY ADDENDUM, THE FINANCE & INVESTMENT COMMITTEE REVIEWED AND APPROVED THE DONOR'S RECOMMENDATION TO RETAIN THE ENDOWED ASSETS IN A SEPARATE INVESTMENT POOL MANAGED BY JIM CHARRON AND RYAN CHARRON (HIS SON) AT OPPENHEIMER. THIS DONOR POOL'S PERFORMANCE AND COMPLIANCE TO OUR INVESTMENT POLICY IS REVIEWED QUARTERLY BY OUR INVESTMENT ADVISOR AND FINANCE & INVESTMENT COMMITTEE. JIM CHARRON CONTINUES TO SERVE ON THE FINANCE & INVESTMENT COMMITTEE, AND AS ONE MEMBER OF A LARGE COMMITTEE, HE IS UNABLE TO IMPACT DECISIONS. THAT SAID, JIM'S POTENTIAL CONFLICT IS KNOWN AND AS OUTLINED BY THE FOUNDATION'S CONFLICT OF INTEREST POLICY, THE FULL COMMITTEE, ALONG WITH STAFF, SHALL CONTINUE TO HAVE OPEN DISCUSSIONS ON ALL MATTERS RELATIVE TO THIS DONOR POOL. AS DEEMED APPROPRIATE, JIM CHARRON MAY BE ASKED TO LEAVE THE ROOM DURING DISCUSSION AND VOTING, OR THE INTERESTED PARTY MAY REMAIN IN THE MEETING AND PART OF DISCUSSION YET ABSTAIN FROM VOTING ON ANY MOTION. SUCH ACTIONS WOULD BE DOCUMENTED IN THE RESPECTIVE MEETING MINUTES. 3. OTHER TRUSTEES SERVE IN EXECUTIVE DIRECTOR OR SIMILAR LEADERSHIP ROLES OF LOCAL NON-PROFIT ORGANIZATIONS THAT ARE PAST, CURRENT, AND LIKELY FUTURE GRANTEES GIVEN THEIR ORGANIZATIONAL SERVICES PROVIDED WITHIN OUR REGION CLOSELY ALIGN WITH OUR CHARITABLE MISSION. IN 2022, TRUSTEE CLIFFORD S. THOMASON SERVES AS EXECUTIVE DIRECTOR OF THE ATHLETIC FACTORY; JOSHUA CHAPMAN SERVES AS EXECUTIVE DIRECTOR FOR THE YMCA OF THE BLUE WATER AREA; SHERRI FAUST, ON TOP OF HER WORK WITH THE COUNTY OF ST. CLAIR'S HEALTH DEPARTMENT, SERVES AS CO-FOUNDER AND PRESIDENT OF FRIENDS OF THE ST. CLAIR RIVER; AND STEVE SCHWEIHOFER SERVES IN AS TREASURER FOR THE ST. CLAIR'S BRANCH OF ST. VINCENT DE PAUL, AND TRUSTEES THERESE DAMMAN AND SHAWN SHACKLEFORD SERVED AS PRINCIPALS FOR SCHOOL DISTRICTS IN THE COUNTY. OTHER TRUSTEES MAY SERVE ON THE BOARDS OF OTHER NON-PROFITS/CHARITABLE INSTITUTIONS WE SUPPORT, WHICH ALSO MAY HAVE RECEIVED GRANTS IN THE PAST, IN 2022, OR WILL DO SO IN THE FUTURE. IN ALL OF THESE INSTANCES, NONE OF THESE TRUSTEES HAVE THE ABILITY TO AUTHORIZE OR INFLUENCE TRANSACTION PROCESSING OR THE DECISION-MAKING FOR GRANTS GIVEN THE APPLICATIONS WERE INDEPENDENTLY REVIEWED, RECOMMENDED AND APPROVED BY BOARD-APPROVED GRANTING COMMITTEES OUTSIDE OF THESE TRUSTEES PURSUANT TO THE BOARD GRANTING AUTHORITY DELEGATION. FURTHERMORE, ALL BOARD MEMBERS, STAFF, AND COMMITTEE MEMBERS ANUALLY UPDATE AND DISCLOSE POTENTIAL CONFLICTS THEY OR MEMBERS OF THEIR RESPECTIVE FAMILIES HAVE THROUGH SERVICE ON BOARDS OF OTHER COMMUNITY ORGANIZATIONS FOR WHICH THE FOUNDATION MAY HAVE INVOLVEMENT FROM TIME TO TIME (I.E., GRANTS), FAMILY RELATIONSHIPS, BUSINESS RELATIONSHIPS, AND FINANCIAL INTEREST. UNDER OUR CONFLICT OF INTEREST POLICY, THESE POTENTIAL CONFLICTS ARE ALSO VERBALLY DISCLOSED AT MEETINGS, AND WHERE DECISION-MAKING IS INVOLVED AND CONFLICTS EXIST, THE RESPECTIVE TRUSTEE/COMMITTEES ASSESS THE CONFLICT AND DETERMINE IF SUCH MEMBERS SHOULD ABSTAIN FROM VOTING, WHICH WOULD BE DOCUMENTED IN RELATED MEETING MINUTES. OUR ORGANIZATION'S GOVERNANCE STRUCTURE PROVIDES THAT NO ONE TRUSTEE (OR EVEN A HANDFUL OF TRUSTEES TOGETHER) COULD CONTROL OR SIGNIFICANTLY IMPACT BOARD ACTION AND THE FOUNDATION'S OPERATIONS. 4. AS THE LARGEST COMMUNITY-BASED CHARITABLE ORGANIZATION IN OUR REGION, OUR FOUNDATION IS THE RECIPIENT OF VARIOUS GIFTS FROM THE TRUSTEES OR THE ORGANIZATIONS WITH WHICH THEY ARE INVOLVED. IN FACT, INCLUDED IN OUR 'JOB DESCRIPTION' FOR FOUNDATION BOARD MEMBERS IS AN EXPECTATION OF GIVING. EACH GIFT IS IRREVOCABLE AND IS HANDLED IN THE SAME MANNER AS EVERY OTHER CHARITABLE GIFT RECEIVED. 5. SEVERAL TRUSTEES HAVE WORKING RELATIONSHIPS WITH ANOTHER --- AS REFERENCED IN PREVIOUS PARAGRAPHS, TRUSTEES WILLIAM "WILL" OLDFORD, DONNA NIESTER, AND TIM WARD HAVE A BUSINESS RELATIONSHIP THROUGH EASTERN MICHIGAN BANK. TRUSTEES MICHAEL CANSFIELD AND HALE WALKER BOTH WORK AT MIMUTUAL MORTGAGE, A LOCAL MORTGAGE LENDER WITH ITS OFFICE ADJACENT TO THE FOUNDATION'S OFFICES AND FOR WHOM WE JOINTLY OWN THE COURTYARD PROPERTY IN FRONT OF OUR BUILIDNGS. BEYOND THAT SHARED PROPERTY INTEREST, THE FOUNDATION'S POTENTIAL BUSINESS RELATIONSHIPS WITH MIMUTUAL MORTGAGE WOULD BE LIMITED TO THE FOUNDATION BEING THE RECIPIENT FOR CHARITABLE GIFTS, WHICH WOULD BE HANDLED SIMILARLY TO THOSE GIFTS FROM ANY OTHER DONORS (SEE NOTES ON TRUSTEE GIVING EXPECTATIONS ABOVE). THREE OTHER TRUSTEES WORK FOR THE COUNTY OF ST. CLAIR; MICHAEL WENDLING AS PROSECUTING ATTORNEY, JOHN TOMLINSON AS PROBATE JUDGE, AND SHERRI FAUST AS AN ENVIRONMENTAL HEALTH EDUCATOR WITH ITS HEALTH DEPARTMENT. IT SHOULD BE NOTED THAT THE FOUNDATION CONTRACTS WITH THE COUNTY OF ST. CLAIR TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE BLUE WATER RIVER WALK PROPERTY HELD IN OUR SUPPORTING ORGANIZATION, BLUE WATER LAND FUND... AS EMPLOYEES OF THE COUNTY'S COURT SYSTEM, THESE THREE INDIVIDUALS WERE NOT INVOLVED WITH THAT TRANSACTION OR THOSE RESPONSIBILITIES. IN ALL OF THESE WORKING RELATIONSHIPS, EACH RESPECTIVE TRUSTEE WAS INDEPENDENTLY APPOINTED TO THE BOARD BASED UPON HIS/HER RESPECTIVE SKILL SETS, EXPERIENCE, COMMUNITY INVOLVEMENT AND OTHER FACTORS AND THEIR ROLE AT THE FOUNDATION IS NOT IMPACTED BY THEIR WORKING RELATIONSHIPS. FOR THE REASONS OUTLINED IN THE INITIAL PARAGRAPHS OF THIS NARRATIVE, SIMILAR TO FAMILY RELATIONSHIPS, THE FOUNDATION'S GOVERNANCE STRUCTURE, AND POLICIES AND PRACTICES FORM 990, PART VI, SECTION A, LINE 2 ARE SUCH THAT NO TWO OR THREE TRUSTEES TOGETHER COULD SIGNIFICANTLY INFLUENCE BOARD ACTION AND FOUNDATION OPERATIONS. FORM 990, PART VI, SECTION B, 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 & 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 AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE CALENDAR YEAR. ADDITIONALLY, AS PART OF THE ENGAGEMENT, THE AUDITING FIRM IS HIRED TO DRAFT THE ANNUAL FORM 990 FOR BOTH THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY AND ITS SUPPORTING ORGANIZATIONS, THE COMMUNITY RENAISSANCE FUND AND THE BLUE WATER LAND FUND; HOWEVER, 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 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 & INVESTMENT COMMITTEE TO PRESENT THE AUDITED FINANCIAL STATEMENTS AND REVIEW THE RESULTS OF ITS ANNUAL AUDIT. SUBSEQUENTLY, THE CONSOLIDATED AUDIT REPORT IS PRESENTED TO AND REVIEWED BY THE FOUNDATION'S BOARD OF TRUSTEES AT ITS OCTOBER BOARD MEETING. DUE TO THE TIMING ASSOCIATED WITH THE AFOREMENTIONED LEVELS OF REVIEW OVER THE AUDIT REPORT, AN AUTOMATIC EXTENSION FOR FILING OF THE FORM 990 (FROM THE INITIAL MAY 15TH DEADLINE) IS TYPICALLY REQUIRED. AFTER THE FINAL CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN ISSUED, THE FORM 990S FOR THE COMMUNITY FOUNDATION AND ITS TWO "CONTROLLED" SUPPORTING ORGANIZATIONS 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 FOUNDATION AND ITS SUPPORTED ORGANIZATIONS) ARE DISTRIBUTED TO THE RESPECTIVE BOARD OF TRUSTEES FOR THEIR REVIEWS PRIOR TO FILING. FOR THE SAKE OF TRANSPARENCY AND TIME-RELEVANCE, IT IS THE GOAL OF FOUNDATION MANAGEMENT TO FILE THE FORM 990S AS QUICKLY AS POSSIBLE. IF A FORMAL REVIEW AT A SCHEDULED BOARD OF TRUSTEE MEETING IS FEASIBLE WITHIN THE TIMEFRAME, 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 TRUSTEES' REVIEWS. AN EXPLANATORY COVER LETTER WILL ACCOMPANY THESE FORM 990S WITH REVIEW NOTES THAT 'WALK' TRUSTEES THROUGH THE DOCUMENT AND CORRELATE THE RETURN BACK TO THE AUDITED FINANCIAL STATEMENTS. THIS COVER 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. 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. FORM 990, PART VI, SECTION B, LINE 12C THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY AND ITS SUPPORTING ORGANIZATIONS HAVE 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 FOUNDATION OFFICERS, COMMITTEE MEMBERS AND STAFF MEMBERS 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 THE COMMUNITY FOUNDATION MISSION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES). 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 MAY ARISE THROUGH THE YEAR, AND WHEN THE POTENTIAL FOR CONFLICT ARISES, AGREE TO VERBALLY DISCLOSE SUCH AREAS OF POTENTIAL CONFLICT AT ALL COMMITTEE / BOARD MEETINGS. IN 2011, THE FOUNDATION ESTABLISHED ADDITIONAL CONFLICT OF INTEREST POLICY AND DISCLOSURE CRITERIA FOR THE POSITION OF BOARD CHAIRMAN. THIS CRITERIA IS AN APPENDIX TO THE EXISTING POLICY. 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. IN CONDUCTING BOARD OR COMMITTEE BUSINESS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POSSIBLE CONFLICT, AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND/OR COMMITTEE. AFTER DISCLOSURE, THE CHAIR OF THE BOARD OR COMMITTEE, ALONG WITH STAFF, SHALL HAVE AN OPEN DISCUSSION AS TO THE MATERIAL NATURE OF THE POSSIBLE CONFLICT. AS DEEMED APPROPRIATE, THE INTERESTED PERSON MAY BE ASKED TO LEAVE THE ROOM DURING DISCUSSION AND VOTING, OR THE INTERESTED PARTY MAY REMAIN IN THE MEETING AND PART OF DISCUSSION YET ABSTAIN FROM VOTING ON ANY MOTION. THE CHAIRPERSON OF THE BOARD OR COMMITTEE MAY, IF APPROPRIATE, ASK STAFF AND/OR OTHER VOLUNTEERS TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT SO THAT THE CONFLICT MAY BE AVOIDED. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE SHALL DETERMINE THE BEST COURSE OF ACTION TO AVOID ANY REAL OR PERCEIVED CONFLICT. SUCH ACTION MAY INCLUDE REVOKING OR CHANGING ANY PREVIOUS DECISION OR ACTION TAKEN PRIOR TO LEARNING OF THE CONFLICT. THE MINUTES OF THE BOARD AND COMMITTEES SHALL CONTAIN THE NAMES OF MEMBERS AND STAFF PRESENT AT THE MEETING, THE NAMES OF MEMBERS WHO HAVE A POSSIBLE CONFLICT OF INTEREST WITH THE ASSOCIATED GROUP, ORGANIZATION, BUSINESS OR TRANSACTION FOR WHICH THE CONFLICT MAY EXIST, AND DOCUMENTATION AS TO WHAT ACTION WAS TAKEN IN REGARDS TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, AN EXECUTIVE COMPENSATION COMMITTEE, RECOMMENDED BY THE GOVERNANCE COMMITTEE AND APPROVED BY THE BOARD, WILL SEEK INPUT FROM THE BOARD OF TRUSTEES ON THE FOUNDATION'S PRESIDENT/CEO CURRENT YEAR PERFORMANCE AND THEN INITIATE AN ANNUAL REVIEW OF HIS/HER WAGE AND BENEFIT PACKAGE, INCLUDING DETERMINATION OF A PERFORMANCE AWARD (BONUS) TO BE PAID IN JANUARY. IT IS THE BOARD OF TRUSTEE'S CURRENT PREMISE THAT THE PRESIDENT/CEO'S ACCOMPLISHMENTS BASED UPON INPUT FROM THE BOARD, DONORS AND COMMUNITY PARTNERS SINCE HIS 2002 HIRING IS IN THE TOP 10-20% OF ALL FOUNDATION CEOS IN MICHIGAN. FURTHERMORE, IT IS AGREED THAT THE MARKET FOR THE SERVICES OF FOUNDATION CEOS IS NOT RESTRICTED TO THIS LOCAL REGION OR EVEN MICHIGAN BUT RATHER WOULD EXTEND NATIONALLY INTO THE MIDWEST'S EAST NORTH CENTRAL REGION. IT IS THE BOARD'S CURRENT PREMISE THAT THE PRESIDENT/CEO'S WAGE AND BENEFIT PACKAGE SHOULD BE COMMENSURATE WITH HIS PERFORMANCE AT THE 75TH+ PERCENTILE OF FOUNDATION CEOS IN THIS BROADER REGION. IN ITS REVIEW, THIS EXECUTIVE COMPENSATION COMMITTEE WILL UTILIZE COMPENSATION DATA FROM THE ANNUAL COUNCIL ON FOUNDATIONS' GRANTMAKERS SALARY AND BENEFITS REPORT FOR FOUNDATIONS WITH ASSETS BETWEEN $50 -$99.9 MILLION IN THE MIDWEST'S EAST NORTH CENTRAL REGION. FROM TIME TO TIME, THE EXECUTIVE COMPENSATION COMMITTEE MAY ALSO REVIEW COMPENSATION DATA FROM THE CHRONICLE OF PHILANTHROPY. THE EXECUTIVE COMPENSATION COMMITTEE'S REVIEW OF THE PRESIDENT/CEO'S WAGE AND BENEFITS PACKAGE WILL TAKE PLACE EACH FALL AFTER THE COUNCIL ON FOUNDATION'S RELEASE OF ITS CURRENT YEAR SALARIES AND BENEFITS REPORT, AT WHICH TIME THEY WILL DEVELOP A RECOMMENDATION LEADING UP TO THE BOARD'S DECEMBER MEETING. THE EXECUTIVE COMPENSATION COMMITTEE'S RECOMMENDATIONS ADDRESS HIS BASE SALARY AND BENEFIT PACKAGE IN AGGREGATE BASED UPON HIS WORK FOR THE COMMUNITY FOUNDATION AND ITS SUPPORTING ORGANIZATIONS, THE COMMUNITY RENAISSANCE FUND AND BLUE WATER LAND FUND, INC. HIS AGGREGATE COMPENSATION AND BENEFITS ARE CURRENTLY RECORDED IN FULL WITHIN THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY'S FINANCIAL STATEMENTS AND THE FORM 990S FOR EACH OF THESE RESPECTIVE ORGANIZATIONS DISCLOSE THAT COMPENSATION AND BENEFITS PACKAGE AND THE ENTITY RELATIONSHIPS. AT EACH DECEMBER BOARD MEETING, THE EXECUTIVE COMPENSATION COMMITTEE WILL SEEK BOARD INPUT AND FORMALLY CONDUCT THE PRESIDENT/CEO'S PERFORMANCE REVIEW WITH THE BOARD. AT THAT TIME, THE EXECUTIVE COMPENSATION COMMITTEE'S RECOMMENDATION ON THE PRESIDENT/CEO'S WAGE AND BENEFITS PACKAGE IS PRESENTED TO TAKE EFFECT IN THE UPCOMING CALENDAR YEAR. FOLLOWING THAT INPUT AND REVIEW, THE BOARD WILL TAKE ACTION ON THE WAGE AND BENEFIT PACKAGE RECOMMENDATION AT THAT MEETING OR THE UPCOMING JANUARY BOARD MEETING IN CONJUNCTION WITH THE PRESIDENT/CEO'S PERFORMANCE AWARD ACTION FOR THE CURRENT YEAR TO BE PAID OUT IN JANUARY. FORM 990, PART VI, SECTION C, LINE 19 IT IS THE GOAL OF THE FOUNDATION, ITS STAFF, 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 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 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, 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 - ADDITIONAL INFORMATION THE COMMUNITY FOUNDATION OF ST. CLAIR COUNTY, TAX ID # 38-1872132, ACTS AS COMMON PAYMASTER FOR BOTH ITS ORGANIZATION AND ITS TWO SUPPORTING ORGANIZATIONS THE COMMUNITY RENAISSANCE FUND, TAX ID # 20-1649237 AND THE BLUE WATER LAND FUND, INC., TAX ID 45-2908074. WHILE 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 FOUNDATION AND ITS SUPPORTING ORGANIZATIONS BASED UPON THE ASSIGNED RESPONSIBILITIES, TIME SPENT AND SPECIFIC WORK PERFORMED. OF THE 16 FORM W-2S FILED IN 2022, 11 WERE ASSOCIATED WITH PROGRAMS AND INITIATED UNDER THE CORE COMMUNITY FOUNDATION, TWO OF WHICH ARE PART-TIME EMPLOYEES AND OF THOSE TWO, ONCE LEFT COMMUNITY FOUNDATION EMPLOYMENT IN 2022. THE REMAINING FIVE FORM W-2S ARE PART-TIME EMPLOYEES, TWO OF WHICH ARE ASSOCIATED WITH OUR SUPPORTING ORGANIZATION, COMMUNITY RENAISSANCE FUND, AND ITS KNOWLTON MUSEUM OPERATIOS, AND THE OTHER TWO WERE ASSOCIATED WITH EVENTS HELD WITHIN FOR-PROFIT THUMBCOAST KITCHENS LLC, A COMPANY THAT GETS ROLLED INTO THE FINANCIALS OF THE COMMUNITY FOUNDATION AS ITS SOLE MEMBER. ALTHOUGH AUDITED FINANCIAL STATEMENTS REFLECT THE CONSOLIDATION OF ALL ORGANIZATIONS, SEPARATE FORM 990S ARE FILED FOR EACH ORGANIZATION INDEPENDENTLY. CONSEQUENTLY, THIS COMMON PAYMASTER STATUS AND THE EXISTENCE OF SHARED EMPLOYEES SHOULD BE NOTED. WHILE THE FOUNDATION'S PRESIDENT/CEO AND VICE PRESIDENT OVERSEE SUPPORTING ORGANIZATION'S OPERATIONS. AND OTHER FOUNDATION STAFF PROVIDE LIMITED TRANSACTION PROCESSING, THIS TIME AND RELATED WAGES/BENEFITS ARE ABSORBED UNDER THE COMMUNITY FOUNDATION'S OPERATIONS. THAT SAID, IN COMPLIANCE WITH IRS REQUIREMENTS, WAGES AND BENEFITS FOR THE PRESIDENT/CEO AND ANY KEY EMPLOYEE (UNDER IRS DEFINITION) MUST BE REPORTED UNDER THE RESPECTIVE FOUNDATION AND SUPPORTING ORGANIZATION'S FORM 990S. FORM 990, PART XI, LINE 9: PRIOR YEAR GRANTS REFUNDED 263,556. AGENCY FUND ACTIVITY REVENUE AND EXPENSES 2,934,527. GRANT REPORTED ON PRIOR YEAR 990 58,266. CONTRIBUTION REPORTED ON PRIOR YEAR 990 -60,000. INVESTMENT EXPENSES 276,180. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN OVERSIGHT FROM THE PRIOR YEAR. THE COMMUNITY RENASSANCE FUND 500 WATER STREET PORT HURON MI 48060 201649236 COMM. DEV. MI 501(C)(3) LINE 12A, I N/A 0 THE BLUE WATER LAND FUND INC 500 WATER STREET PORT HURON MI 48060 452908074 COMM. DEV. MI 501(C)(3) LINE 12A, I N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 BLUE WATER LAND FUND INC B 45000 CASH BASIS THE COMMUNITY RENAISSANCE FUND B 420806 CASH BASIS THE COMMUNITY RENAISSANCE FUND D 1028940 CASH BASIS