2024-10-29T10:59:25-05:00 2023-12-31 381910111 UHY ADVISORS GREAT LAKES INC 1979 HOLLAND AVE SUITE A PORT HURON MI 48060 990 2023-01-01 381872132 COMMUNITY FOUNDATION OF ST CLAIR COUNTY COMM 8109844761 500 WATER STREET PORT HURON MI 48060 RANDY D MAIERS PRESIDENT 8109844761 2024-10-23 1 1 JESSICA WALZ P01227819 8109843829 2024-10-23 2023 2024-10-15 13:58:12Z RANDY D MAIERS 500 WATER STREET PORT HURON MI 48060 36708698 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. 25 24 17 266 -17212 0 3020432 5035954 0 0 16044064 1334183 92765 28486 19157261 6398623 4368854 5128156 0 0 1088507 1203493 0 0 134542 678783 728830 6136144 7060479 13021117 -661856 86565906 96206834 18127351 18808584 68438555 77398250 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 5937318 5128156 SEE SCHEDULE FOR PART II LINE 22 5937318 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 25 0 1 17 1 1 1 1 EI 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 0.50 X 0 0 0 DON C FLETCHER TRUSTEE 0.50 X 0 0 0 CHARLES G KELLY TRUSTEE 0.50 X 0 0 0 KORISSA KRAMER MEMBER AT LARGE 1.50 2.00 X 0 0 0 DONNA KUHR TRUSTEE 0.50 X 0 0 0 SONAL MAKIM TRUSTEE 0.50 X 0 0 0 JANAL L MOSSETT TRUSTEE 0.50 X 0 0 0 DONNA NIESTER MEMBER AT LARGE 1.50 2.00 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 MEMBER AT LARGE 1.50 2.00 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 EMILY VINCKIER-PIERCE TRUSTEE 0.50 X 0 0 0 RANDY D MAIERS PRESIDENT/CEO 40.00 2.00 X 262067 0 60531 PATRICIA A MANLEY VICE CHAIR 1.75 2.00 X 0 0 0 F WILLIAM SCHWARZ III SECRETARY 1.50 2.00 X 0 0 0 WILLIAM WILL OLDFORD TREASURER 1.50 2.00 X 0 0 0 HALE WALKER CHAIR 2.00 2.25 X 0 0 0 JACKIE HANTON VICE PRESIDENT 40.00 0.25 X 146411 0 12552 KAREN LEE DIRECTOR OF FINANCE 40.00 X 109722 0 28010 518200 0 101093 3 0 1 0 0 5035954 21433 5035954 1648542 1648542 29995716 30310075 -314359 -314359 -314359 JCR COMMERCIAL REFINANCE FUND 900099 -91 -91 HARBERT US REAL ESTATE FUND V 900099 -17121 -17121 45698 45698 28486 6398623 -268661 -17212 1648542 4588413 4588413 539743 539743 351585 165287 158406 27892 649147 279726 316036 53385 44467 20152 20628 3687 94300 49703 34718 9879 63994 28621 30143 5230 6303 6303 40499 40499 240746 240746 87979 77426 10553 26343 12429 11804 2110 80553 41886 32805 5862 58083 26317 26949 4817 23474 10639 10889 1946 29522 21370 6916 1236 61873 28037 28706 5130 14399 6526 6679 1194 MISCELLANEOUS 39511 32186 7325 DUES/MEMBERSHIP/SUBSCRI 19545 8857 9067 1621 7060479 5937318 988619 134542 147249 470973 6548824 5203046 160501 460109 255426 87549 2005712 1800537 475 33823 34517 1501934 519660 960282 982274 76273117 86984495 180497 183334 86565906 96206834 149834 156473 2528669 1265505 850 311956 14109366 15947686 978632 891964 200000 200000 160000 35000 18127351 18808584 X 68438555 77398250 68438555 77398250 86565906 96206834 X -661856 11401572 -206173 -1573848 X X 0 1 X 1 0 X 4054013 7611231 6864211 3020432 5035954 26585841 4054013 7611231 6864211 3020432 5035954 26585841 26585841 1793212 1448367 1814814 1514095 1648542 8219030 76995 15586 71125 50673 -17212 197167 34598 3170 10094 20470 45698 114030 35116068 0.75710 0.73190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61 183 1352618 3380453 897398 3412467 9712451 67685799 1 1 0 1 X 62097475 546688 9506933 1891193 171999 70087904 76546429 921913 -11937829 3214560 218478 62097475 67864954 1821346 10188820 3114344 214347 76546429 59718846 3758535 6933279 2287786 257920 67864954 51454203 2171585 8372885 2078410 201417 59718846 1.00000 0 0 85000 85000 1108812 358431 750381 190230 146676 43554 117892 14553 103339 982274 THUMBCOAST KITCHENS LIABILITY DUE TO CRF 35000 35000 15085049 11401572 11401572 3683477 206173 2508973 2715146 6398623 6125354 -58193 -58193 6183547 240746 636186 876932 7060479 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 2,508,973. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS REFUNDED -58,193. PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY FUND ACTIVITY GRANTS AND EXPENSES 636,186. 0 RIVERBANK YOUTH THEATRE 109 S THIRD STREET ST CLAIR MI 48079 474694944 3 721268 0 YOUTH PROGRAMMING/ST. CLAIR BOARDWALK THEATRE CITY OF MARINE CITY 260 SOUTH PARKER STREET MARINE CITY MI 48039 386004573 GOV 427000 0 MARINA/BRIDGE TO BAY TRAIL/TOT LOT ST CLAIR COUNTY COMMUNITY COLLEGE 323 ERIE STREET PORT HURON MI 48060 381857017 GOV 402628 0 STUDENT SUPPORT CITY OF ST CLAIR 547 N CARNEY DRIVE ST CLAIR MI 48079 386004590 GOV 201565 0 COMMUNITY IMPROVEMENTS/PROGRAMMING/FESTIVALS PORT HURON MUSEUM OF ARTS AND HISTORY 1115 6TH STREET PORT HURON MI 48060 381864312 3 152608 0 GENERAL SUPPORT & PROGRAMMING FRIENDS OF FORT GRATIOT LIGHT PO BOX 610518 PORT HURON MI 48061 824039594 3 144706 0 GENERAL SUPPORT ATHLETIC FACTORY INC 2865 W RICK DR PORT HURON MI 48060 611850568 3 143906 0 GENERAL SUPPORT/ YOUTH PROGRAMS/SUSTAINABILITY PORT HURON SCHOOLS 2720 RIVERSIDE DRIVE PORT HURON MI 48060 386003498 GOV 134059 0 STUDENT SUPPORT & PROGRAMS/COLLEGE ADVISOR THE COUNCIL ON AGING INC SERVING ST CLAIR COUNTY 600 GRAND RIVER AVENUE PORT HURON MI 48060 381876251 3 131680 0 GENERAL SUPPORT CITY OF PORT HURON 100 MCMORRAN BLVD PORT HURON MI 48060 386004727 GOV 106708 0 COMMUNITY PROGRAMS/IMPROVEMENTS/PUBLIC SAFETY/PROJECTS GRACE EPISCOPAL CHURCH 1213 6TH STREET PORT HURON MI 48060 381410473 3 100500 0 GENERAL SUPPORT/WISH LIST FRIENDS OF THE ST CLAIR RIVER WATERSHED PO BOX 611496 PORT HURON MI 48061 770670838 3 81371 0 COMMUNITY IMPROVEMENTS/PROGRAMS/PROJECTS OLD NEWSBOYS ASSOCIATION OF PORT HURON PO BOX 100 MARYSVILLE MI 48040 382496656 3 63250 0 GENERAL SUPPORT/BOWL 4 KIDS/WISH LIST/MARKETING AND TECHNOLOGY NEEDS ST CLAIR COUNTY CHILD ABUSENEGLECT COUNCIL 1107 MILITARY STREET PORT HURON MI 48060 382780230 3 60000 0 GENERAL SUPPORT/WISH LIST/ BODY THERAPY ROOM ST CLAIR CHAMBER OF COMMERCE PO BOX 121 201 N RIVERSIDE AVE ST CLAIR MI 48079 383203791 6 50000 0 ROCKIN THE PLAZA CONCERT/LIVE ENTERTAINMENT HUNTER HOSPITALITY HOUSE 1010 LINCOLN STREET PORT HURON MI 48060 452814487 3 42700 0 GENERAL SUPPORT/WISH LIST/WINDOW REPLACEMENT/ACCESSIBILITY RAMP REPAIR MEMPHIS COMMUNITY SCHOOLS PO BOX 201 34110 BORDMAN ROAD MEMPHIS MI 48041 386002551 GOV 42552 0 STEM LEARNING LAB/FOOD BACKPACK PROGRAM/COLLEGE TOUR YALE PUBLIC SCHOOLS 247 SCHOOL DRIVE YALE MI 48097 386003506 GOV 41642 0 STUDENT SUPPORT & PROGRAMS HOLY CROSS EDUCATIONAL FUND INC PO BOX 105 MARINE CITY MI 48039 382529645 3 36950 0 GENERAL SUPPORT ST CLAIR ART ASSOCIATION 201 N RIVERSIDE AVENUE SUITE A6 ST CLAIR MI 48079 237165977 3 36708 0 BUILDING REPAIR/RECOVERY EXPENSES/WISH LIST/ART WAVE AT THE ART FAIR BLUE WATER ALLIES 1519 MILITARY ST PORT HURON MI 48060 923440271 3 39977 0 GENERAL SUPPORT/ONE MONTH RENT/HOMECOMING GALA/WISHLIST MID CITY NUTRITION 2014 HOLLAND AVENUE SUITE 701 PORT HURON MI 48060 383934612 3 34981 0 GENERAL SUPPORT/NEW BUILDING/GROCERIES/STAFF SUPPORT/WISHLIST SONS OUTREACH PO BOX 610385 PORT HURON MI 48061 383090778 3 33552 0 GENERAL SUPPORT/COLLEGE TOURS/CONSTRUCTION TOOLS/WISHLIST EAST CHINA SCHOOL DISTRICT 1585 MEISNER ROAD EAST CHINA MI 48054 386003547 GOV 32007 0 STUDENT SUPPORT & PROGRAMS ST VINCENT DE PAUL ST MARY COUNCIL OF ST CLAIR 415 N SIXTH STREET ST CLAIR MI 48079 381359592 3 31234 0 SENIOR CITIZEN SUPPORT/ECUMENICAL FOOD PANTRY/THE CHRISTMAS ROOM RENT ST CLAIR COUNTY 200 GRAND RIVER AVENUE SUITE 201 PORT HURON MI 48060 386006420 GOV 27888 0 COMMUNITY IMPROVEMENTS/PROGRAMS/PROJECTS VISITING NURSE ASSOCIATION & BLUE WATER HOSPICE 3403 LAPEER RD SUITE B 101 PORT HURON MI 48060 382667827 3 27000 0 GENERAL SUPPORT/EMERGENCY RESPONSE DEVICE MICHIGAN WOMEN FORWARD 1155 BREWERY PARK BLVD SUITE 350 DETROIT MI 48207 382689979 3 25000 0 ST. CLAIR COUNTY BUSINESS DEVELOPMENT YMCA OF THE BLUE WATER AREA 1525 THIRD STREET PORT HURON MI 48060 381358417 3 20351 0 FOOD PROGRAM/HOMELESS SHELTER TV/MAJOR GIFTS CAMPAIGN/BIKE FOR THE Y/WISHLIST ASCENSION RIVER DISTRICT HOSPITAL 4100 RIVER ROAD EAST CHINA MI 48054 202961579 3 18353 0 GENERAL SUPPORT/ 2 NEW INFUSION CHAIRS HOLY CROSS CATHOLIC SCHOOL 618 S WATER STREET MARINE CITY MI 48039 371542098 3 17702 0 GENERAL SUPPORT & SCHOLARSHIPS ST CLAIR COUNTY RESA 499 RANGE ROAD MARYSVILLE MI 48040 381709221 GOV 17250 0 STUDENT SUPPORT/SCHOLARSHIPS & PROGRAMS/WISH LIST CAMAS VALLEY CHRISTIAN FELLOWSHIP PO BOX 41 CAMAS VALLEY OR 97416 931226883 3 16700 0 GENERAL SUPPORT ENTER STAGE RIGHT 647 NEW HAMPSHIRE AVENUE MARYSVILLE MI 48040 263508229 3 16000 0 ROCK FEST/IMPROVEMENTS INTERNATIONAL SYMPHONY ORCHESTRA OF SARNIA AND PORT HURON PO BOX 610242 PORT HURON MI 480610242 237035763 3 15281 0 GENERAL SUPPORT BLUE WATER SAFE HORIZONS 1840 GRANT PLACE PORT HURON MI 48060 382234145 3 15039 0 GENERAL SUPPORT/CAROLYN'S PLACE REJUVENATION/STAFF SUPPORT MICHIGAN CHAPTER - ANTIQUE AND CLASSIC BOAT SOCIETY 4731 DESMOND BEACH ROAD FORT GRATIOT MI 48059 146081693 3 15000 0 BOAT THE BLUE VILLAGE OF CAPAC PO BOX 218 CAPAC MI 48014 386004666 GOV 15000 0 POCKET PARK SACRED HEART MAJOR SEMINARY 2701 W CHICAGO BLVD DETROIT MI 48206 381358214 3 14700 0 SCHOLARSHIPS PHHS BIG RED MARCHING MACHINE BAND BOOSTERS PO BOX 611606 PORT HURON MI 48060 383209751 3 13130 0 BAND CAMP ALGONAC COMMUNITY SCHOOLS 5200 TAFT RD ALGONAC MI 48001 386003526 GOV 12182 0 TEACHER GRANTS/COLLEGE CAMPUS TOUR/HYGIENE CLOSET MARWOOD NURSING AND REHAB 1300 BEARD STREET PORT HURON MI 48060 382683251 3 11782 0 GENERAL SUPPORT/WISHLIST/DISHWASHER ST CLAIR COUNTY ORGANIZING FOR REGIONAL EQUITY 3003 MOAK STREET PORT HURON MI 48060 831930756 3 11126 0 GENERAL SUPPORT/PROGRAMS ALGONAC SPORTS BOOSTERS 5200 TAFT ROAD ALGONAC MI 48001 383131091 3 11000 0 WEIGHT ROOM REHAB PROJECT/TRAP TEAM/TENNIS TEAM UNITED WAY OF ST CLAIR COUNTY 1723 MILITARY STREET PORT HURON MI 48060 381357996 3 10378 0 ANNUAL CAMPAIGN SOS MARYSVILLE FOOD PANTRY 2929 GRATIOT AVENUE MARYSVILLE MI 48040 452737183 3 10377 0 GENERAL SUPPORT/WISH LIST PORT HURON BRANCH NAACP PO BOX 610486 PORT HURON MI 48060 203894253 3 10250 0 FIELD DAY MUSCIANS/YOUTH PROGRAMMING MCLAREN PORT HURON FOUNDATION 1201 STONE STREET SUITE 11 PORT HURON MI 48060 382777750 3 10222 0 GENERAL SUPPORT/CHARITY GOLF OUTING/YALE COMMUNITY HEALTH CENTER VETERAN SMILES FOUNDATION 201 N RIVERSIDE AVENUE SUITE C3 ST CLAIR MI 48079 921481800 3 10000 0 VETERAN DENTAL CARE BLUE WATER AREA CHAMBER OF COMMERCE COMMUNITY BENEFIT FUND 512 MCMORRAN BLVD PORT HURON MI 48060 382577353 3 10000 0 CELEBRATING DIVERSITY EVENT ECONOMIC DEVELOPMENT ALLIANCE OF ST CLAIR COUNTY 100 MCMORRAN 4TH FLOOR SUITE B PORT HURON MI 48060 381410034 3 10000 0 EMERGE FUND FIRST CONGREGATIONAL CHURCH UCC 300 ADAMS STREET ST CLAIR MI 48079 382133665 3 10000 0 GENERAL SUPPORT COUNCIL OF MICHIGAN FOUNDATIONS 3101 E GRAND BLVD SUITE 300 DETROIT MI 48202 386263347 3 10000 0 ANNUAL CONFERENCE LIBERTY RIDERS INC 7103 GRATIOT AVENUE ST CLAIR MI 48079 900134885 3 10000 0 INSTRUCTORS/GENERAL SUPPORT HARBOR IMPACT MINISTRIES 1963 ALLEN ROAD KIMBALL MI 48074 452120215 3 8899 0 GENERAL SUPPORT/GROCERIES/WISHLIST ST CLAIR GARDEN CLUB 1935 RIVER ROAD 26 ST CLAIR MI 48079 382975844 3 8000 0 PALMER PARK ARCH PEARL BEACH LIONS CHARITIES 9439 NOOK ROAD CLAY TOWNSHIP MI 48001 922406525 3 7500 0 KITCHEN REMODEL BRIDGE BUILDERS COUNSELING INC PO BOX 611202 PORT HURON MI 48061 383154458 3 6269 0 GENERAL SUPPORT/SINGLE HERO PROJECT AMERICAN LEGION POST #8 1026 6TH STREET PORT HURON MI 48060 380623015 3 6138 0 BANNERS BLACK LIVES MATTER PORT HURON 2582 JOHN L STREET PORT HURON MI 48060 862973051 3 6000 0 JUNETEENTH CELEBRATION MACOMBST CLAIR MICHIGAN WORKS 21885 DUNHAM ROAD SUITE 11 CLINTON TWP MI 48036 386004868 3 6000 0 BLUE WATER BUILDING TRADES FAIR PORT HURON TOWN HALL 3534 CONGER STREET PORT HURON MI 48060 386089767 3 6000 0 GENERAL SUPPORT THE PORT HURON MUSICALE 2630 COUNTRY CLUB DRIVE PORT HURON MI 48060 382465040 3 5820 0 GENERAL AND STUDENT SUPPORT SALVATION ARMY - PORT HURON CORPS 2000 COURT STREET PORT HURON MI 48060 381370971 3 5651 0 GENERAL SUPPORT/CHRISTMAS MEAT CITY OF MONROE 120 E FIRST STREET MONROE MI 48161 386004638 GOV 5500 0 SUMMER CONCERT SERIES/HOMETOWN HOLIDAY LIGHTS MICHIGAN DYSLEXIA INSTITUTE INC 1013 S 7TH STREET ST CLAIR MI 48079 382424612 3 5500 0 GENERAL SUPPORT SEED AND SOUL SOCIETY 922 VANDERBURG PORT HURON MI 48060 862748105 3 5390 0 DDD HORROR FILM EQUIPMENT BLUE WATER COMMUNITY ACTION AGENCY 3403 LAPEER ROAD PORT HURON MI 48060 382284121 3 5254 0 BACKPACK GIVEAWAY/WISHLIST MARINE CITY SCHOLARSHIP FOUNDATION 1115 S PARKER STREET MARINE CITY MI 48039 382591111 3 5100 0 2023 SCHOLARSHIPS THE HARBOR 929 PINE STREET PORT HURON MI 48060 381948056 3 5048 0 GENERAL SUPPORT/WISHLIST/BEDDING TRADITIONAL SCHOLARSHIPS 177 490751 COMPLETE YOUR DEGREE 12 46992 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RANDY D MAIERS PRESIDENT/CEO 259420 0 0 0 2647 0 19456 0 41075 0 322598 0 0 0 JACKIE HANTON VICE PRESIDENT 133453 0 7500 0 5458 0 10571 0 1981 0 158963 0 0 0 X 450 21433 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 25 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 25 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 2023: 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 2023, 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 2023, 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 AUGUST 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 $100-$259 MILLION BEGINNING IN 2023 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 SUPPORTING ORGANIZATIONS - THE COMMUNITY RENAISSANCE FUND, TAX ID# 20-1649237, THE BLUE WATER LAND FUND, INC., TAX ID# 45-2908074, AND THUMB COAST DREAM MAKERS, INC, TAX ID# 88-2169553 (THIS LATTER ENTITY REMAINS INACTIVE). 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 17 FORM W-2S FILED IN 2023, 14 WERE ASSOCIATED WITH PROGRAMS AND INITIATED UNDER THE CORE COMMUNITY FOUNDATION, TWO OF WHICH LEFT THE FOUNDATION IN 2023, WHILE TWO OTHERS REMAIN PART-TIME EMPLOYEES PROVIDING SPECIFIC LIMITED SERVICES (I.E. FACILITY MAINTENANCE, MEDIA STORY-WRITING). TWO FORM W-2S ARE PART-TIME EMPLOYEES ASSOCIATED WITH OUR SUPPORTING ORGANIZATION, COMMUNITY RENAISSANCE FUND (SPECIFICALLY ITS KNOWLTON MUSEUM OPERATIONS) AND ONE FORM W-2 IS FOR A PART-TIME EMPLOYEE ASSOCIATED WITH EVENTS HELD WITHIN OUR FOR-PROFIT, THUMBCOAST KITCHENS LLC UP UNTIL JUNE 2023, WHEN THAT SPACE WAS SUBLET TO A COMMUNITY NON-PROFIT. NOTE: THUMBCOAST KITCHENS LLC ACTIVITIES ROLLS UP 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 ORGANIZATIONS' FORM 990S. FORM 990, PART XI, LINE 9: AGENCY FUND ACTIVITY REVENUE AND EXPENSES (EXCL AGENCY FUND SHARE OF INVESTMENT FEES REPORTED SEPARATELY) -1,872,787. INVESTMENT EXPENSES 240,746. PRIOR YEAR GRANTS REFUNDED 58,193. 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 THUMB COAST DREAM MAKERS INC 500 WATER STREET PORT HURON MI 48060 882169553 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 30000 CASH BASIS THE COMMUNITY RENAISSANCE FUND B 384665 CASH BASIS THE COMMUNITY RENAISSANCE FUND D 196695 CASH BASIS