2024-11-15T14:21:14-06:00 2023-12-31 831719980 GRAPP LERASH LLC 515 N WASHINGTON AVE SUITE 402 SAGINAW MI 486071378 990 2023-01-01 382140032 THE FRANKENMUTH COMMUNITY FOUNDATION INC FRAN 9896523476 PO BOX 386 FRANKENMUTH MI 48734 JONATHAN WEBB EXECUTIVE DIRECTOR 9896523476 2024-11-15 1 1 KALEB GRAPP P01978831 9893271400 2024-11-14 2023 2024-10-15 13:58:12Z JONATHAN WEBB PO BOX 386 FRANKENMUTH MI 48734 5226316 0 X WWW.FRANKENMUTHFOUNDATION.ORG X 1978 MI TO HONOR THE PAST, FOCUS ON THE PRESENT, AND PLAN FOR THE FUTURE BY WAY OF BEING AN EFFECTIVE AND RELIABLE VEHICLE FOR PLANNED-GIVING PHILANTHROPIC EFFORTS IN FRANKENMUTH. 9 9 0 0 0 0 2273807 1410042 0 0 548855 359454 -25375 -27066 2797287 1742430 953675 775293 0 0 0 0 0 0 86708 251608 268437 1205283 1043730 1592004 698700 15914993 18411997 729200 797760 15185793 17614237 TO HONOR THE PAST, FOCUS ON THE PRESENT, AND PLAN FOR THE FUTURE BY WAY OF BEING AN EFFECTIVE AND RELIABLE VEHICLE FOR PLANNED-GIVING PHILANTHROPIC EFFORTS IN FRANKENMUTH. 0 0 667416 618130 DIRECT SUPPORT TO GROUPS AND ORGANIZATIONS WORKING TO IMPROVE AND STRENGTHEN THE FOLLOWING AREAS: RECREATION, EDUCATION, LEADERSHIP, ECONOMIC GROWTH, AND COMMUNITY GOOD; THROUGH PROJECTS AND ACTIVITIES THAT SUPPORT THE DEVELOPMENT OF THE FRANKENMUTH COMMUNITY. 157163 157163 AWARD SCHOLARSHIPS THROUGH DONOR-SPONSORED ENDOWED FUNDS FROM 39 DIFFERENT SCHOLARSHIP FUNDS TO 68 RECIPIENTS TOTALING $111,406. 824579 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X JON WEBB 9892741013 PO BOX 209 FRANKENMUTH MI 48734 ED FOLTZ CHAIR 1.00 X 0 0 0 DAVE PEDLETON VICE CHAIR 1.00 X X 0 0 0 JAMES BICKEL TREASURER 1.00 X X 0 0 0 DARCY NICKLESS-BARRY SECRETARY 1.00 X X 0 0 0 JARED LIST MEMBER 1.00 X 0 0 0 TOM ZUELLIG MEMBER 1.00 X 0 0 0 BETHANY BURNETT MEMBER 1.00 X 0 0 0 BRANDON MULLER MEMBER 1.00 X 0 0 0 SUSAN PIESKO MEMBER 1.00 X 0 0 0 JONATHON WEBB EXECUTIVE DIRECTOR 40.00 X 39771 0 0 39771 0 0 0 0 0 0 0 98290 1311752 1410042 347250 347250 3469024 3456820 12204 12204 12204 0 98290 27066 -27066 -27066 1742430 0 0 332388 618130 618130 157163 157163 59500 11900 26775 20825 21550 21550 159335 31867 71701 55767 8175 1635 3679 2861 8691 1738 3911 3042 3353 671 1509 1173 2440 488 1098 854 PROFESSIONAL DUES 4914 983 2211 1720 BANK CHARGES 459 459 LICENSES 20 4 9 7 1043730 824579 132443 86708 236704 4505 31000 15521585 18203804 156704 172688 15914993 18411997 26164 5722 25500 110000 677536 682038 729200 797760 X 15029089 17441549 156704 172688 15185793 17614237 15914993 18411997 698700 1729744 0 X 0 1 X 0 0 X 1292530 1119976 1913278 2273807 1410042 8009633 1292530 1119976 1913278 2273807 1410042 8009633 8009633 264783 222081 305775 365138 347250 1505027 9514660 87166 0.84180 0.84190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17 900860 236984 4504776 1 1 156704 26171 8604 1583 172688 200877 -34084 8387 1702 156704 184682 26035 7955 1885 200877 169357 25306 8321 1559 184682 151206 27821 8098 1572 169357 1.00000 1 0 0 OBLIGATIONS FOR AGENCY ENDOWMENTS 682038 682038 X 3312841 1729746 1729746 1583095 159335 159335 1742430 884397 0 884397 159333 159333 1043730 PART X, LINE 2: THE COMMUNITY FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3); THE COMMUNITY FOUNDATION IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. DESPITE THE GENERAL EXEMPTION FROM INCOME TAXATION, THE COMMUNITY FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAX AT CORPORATE RATES ON ITS UNRELATED BUSINESS INCOME. FASB ASC 740, INCOME TAXES, PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN INSTITUTION SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE INSTITUTION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMMUNITY FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF AN ASSET, LIABILITY, OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE COMMUNITY FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING DESCRIBED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. LEGACY BALL 98290 98290 27066 98290 98290 27066 27066 -27066 1 CITY OF FRANKENMUTH 240 W GENESEE STREET FRANKENMUTH MI 48734 74000 0 HARVEY KERN PAVILION LIGHTING AND REPAIRS/IMPROVEMENTS FRANKENMUTH LIONS CLUB PO BOX 298 FRANKENMUTH MI 48734 71438 0 BIERGARTEN PROJECT CITY OF FRANKENMUTH 240 W GENESEE STREET FRANKENMUTH MI 48734 50000 0 WEISS ST IMPROVEMENTS FRANKENMUTH CREDIT UNION 580 N MAIN STREET FRANKENMUTH MI 48734 41243 0 FYSA MORTGAGE CITY OF FRANKENMUTH 240 W GENESEE STREET FRANKENMUTH MI 48734 40000 0 WEISS ST IMPROVEMENTS FRANKENMUTH AMERICAN LEGION POST 150 990 FLINT STREET FRANKENMUTH MI 48734 37668 0 VETERANS MEMORIAL REPAIRS MICHIGAN'S OWN INC 1250 WEISS STREET FRANKENMUTH MI 48734 30000 0 PARKING LOT RESTORATION MICHIGAN'S OWN INC 1250 WEISS STREET FRANKENMUTH MI 48734 30000 0 PARKING LOT RESTORATION INDEPENDENCE VILLAGE INC 255 MAYER ROAD FRANKENMUTH MI 48734 23311 0 WINTER VILLAGE DISTRIBUTION NELSON FAMILY LIFE FOUNDATION PO BOX 590 WISC DELLS WI 53965 22000 0 SCHOOL COMMUNITY WELL WITH LATRINES BLESSED TRINITY CATHOLIC CHURCH 958 E TUSCOLA STREET FRANKENMUTH MI 48734 13908 0 PORTABLE AERIAL LIFT FRANKENMUTH HISTORICAL ASSOCIATION 613 S MAIN STREET FRANKENMUTH MI 48734 12230 0 QUARTERLY DISTRIBUTION FRANKENMUTH HISTORICAL ASSOCIATION 613 S MAIN STREET FRANKENMUTH MI 48734 12230 0 QUARTERLY DISTRIBUTION FRANKENMUTH HISTORICAL ASSOCIATION 613 S MAIN STREET FRANKENMUTH MI 48734 12230 0 QUARTERLY DISTRIBUTION FRANKENMUTH HISTORICAL ASSOCIATION 613 S MAIN STREET FRANKENMUTH MI 48734 12230 0 QUARTERLY DISTRIBUTION REECE ENDEAVOR OF MIDLAND PO BOX 2212 MIDLAND MI 48641 10000 0 ANNUAL FRIDAY NIGHT THE ARC OF MIDLAND 2602 LOUANA STREET MIDLAND MI 48640 10000 0 GRANT IMMANUEL LUTERAN CHURCH 300 N SHERIDAN STREET BAY CITY MI 48708 10000 0 CONGREGATION MEMBER DONATION DOCTORS WITHOUT BORDERS 40 RECTOR STREET 16TH FLOOR NEW YORK NY 10006 10000 0 DONATION FROM JOHN & MILDRED KOTTENAUER FUND FRANKENMUTH FIRE DEPARTMENT 210 W GENESEE STREET FRANKENMUTH MI 48734 8500 0 PUBLIC SAFETY DRONE PROJECT CITY OF FRANKENMUTH 240 W GENESEE STREET FRANKENMUTH MI 48734 8035 0 CONCESSION BLDG DOOR 12 2 SCHOLARSHIPS 104 157163 PART I, LINE 2: UNRESTRICTED FUNDS - FUNDS ARE AWARDED ONLY TO NON-PROFIT ENTITIES WHOSE PROJECTS BENEFIT THE GREATER FRANKENMUTH, MI AREA. THE PROJECTS ARE MONITORED BY THE EXECUTIVE DIRECTOR AND BOARD MEMBERS UNTIL COMPLETION, AT WHICH TIME THE GRANTEE ORGANIZATION IS ASKED TO PROVIDE A BRIEF SUMMARY OF THE PROJECT BACK TO THE BOARD. ALL OTHER FUNDS - GRANT REQUESTS ARE MADE ONLINE THROUGH A SOFTWARE PROGRAM AND COME DIRECTLY TO THE EXECUTIVE DIRECTOR WHO, USING ONLINE RESEARCH, VERIFIES THAT THE ORGANIZATION IS INDEED A LEGITIMATE NON-PROFIT OR IS DIRECTLY SUPPORTING A PROJECT BEING UNDERTAKEN BY A NON-PROFIT ORGANIZATION. ONCE THIS IS ESTABLISHED, THE GRANT IS APPROVED AND FORWARDED TO OUR FIDUCIARY FOR PAYMENT. AFTER THE MONEY IS DISTRIBUTED, IT IS THE FUND MANAGER'S RESPONSIBILITY TO ENSURE THE FUNDS ARE USED FOR THE INTENDED PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. THE CPA FIRM HAS AN INTERNAL REVIEW PROCESS. THE FINAL 990 IS GIVEN TO THE TREASURER TO REVIEW AND SIGN. THE 990 IS AVAILABLE ELECTRONICALLY TO THE VOTING BOARD MEMBERS BEFORE THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED AND ENFORCED FOR COMPLIANCE THROUGH DISSCUSION AT THE BOARD LEVEL AND AT QUARTERLY BOARD MEETINGS. AN EXAMPLE OF COMPLIANCE IS WHEN THE BOARD MEMBER ABSTAINS FROM VOTING ON ISSUES THAT WOULD BE CONSIDERED A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EVALUATED BY THE BOARD OF DIRECTORS ANNUALLY. EVALUATED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE COMMUNITY FOUNDATION HAS A WEBSITE THAT HAS CERTAIN GRANT INFORMATION AVAILABLE ON IT. THE FINANCIAL INFORMATION IS AVAILABLE BY REQUEST.