PETOSKEY-HARBOR SPRINGS AREA COMMUNITY FOUNDATION

EIN: 383032185 501(c)(3) Philanthropy & Grantmaking

PETOSKEY, MI

Total Revenue
$9,074,377
Total Expenses
$7,905,984
Total Assets
$61,985,629
Net Assets
$49,662,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
DAVID JONES
Phone
2313485820
Tax Period
2024-04-01 to 2025-03-31

PETOSKEY-HARBOR SPRINGS AREA COMMUNITY FOUNDATION, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2024. Expenses of $7.9M left a modest 13% surplus.

Mission

THE COMMUNITY FOUNDATION IS MADE UP OF AN EVER-GROWING FAMILY OF FUNDS. EACH ONE IS ESTABLISHED BY AN INDIVIDUAL, FAMILY, OR ORGANIZATION TO CARRY OUT CHARITABLE WORKS AND LEAVE A LASTING LEGACY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,032,350
Program Service Revenue $0
Investment Income $2,992,210
Other Revenue $49,817
TOTAL REVENUE $9,074,377

Expense Breakdown

Grants Paid $7,005,749
Salaries & Benefits $523,715
Fundraising Expenses $190,064
Program Expenses $7,192,034
Other Expenses $376,520
TOTAL EXPENSES $7,905,984

Year-over-Year Comparison

2024 2023 Change
Revenue $9,074,377 $9,300,684 0.0%
Expenses $7,905,984 $9,217,826 -0.1%
Net Income $1,168,393 $82,858 +13.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$134,667
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET M MANCINELLI TRUSTEE 1.00
Director
$0 $0 $0
ROBERT E KEEDY TRUSTEE 1.00
Director
$0 $0 $0
MARY E RAPIN TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE FORSTER TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER H ATTIE TRUSTEE 1.00
Director
$0 $0 $0
EMERSON J MEYER TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY FONT TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM HENAGAN TRUSTEE 1.00
Director
$0 $0 $0
DOUG LARSON TRUSTEE 1.00
Director
$0 $0 $0
DAVID DEAL TRUSTEE 1.00
Director
$0 $0 $0
NORA RILEY TRUSTEE 1.00
Director
$0 $0 $0
DANA F ANDREWS PRESIDENT 3.00
Officer Director
$0 $0 $0
STEVEN L BOECKMAN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MELISSA A NGUYEN TREASURER 4.00
Officer Director
$0 $0 $0
SARAH L SHUMAN SECRETARY 3.00
Officer Director
$0 $0 $0
DAVID JONES EXECUTIVE DIRECTOR 40.00
Officer
$124,650 $10,017 $134,667
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,074,377 $7,905,984 $61,985,629 $1,168,393
2024 $9,300,684 $9,217,826 $61,226,065 $82,858
2023 $8,085,618 $6,342,237 $55,398,624 $1,743,381
2022 $7,516,964 $4,261,148 $56,667,644 $3,255,816
2021 $6,225,556 $4,510,491 $56,212,807 $1,715,065
2020 $5,190,171 $3,783,176 $39,491,856 $1,406,995
2019 $6,162,966 $3,342,133 $44,140,143 $2,820,833
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