COMMUNITY FOUNDATION OF THE UPPER PENINSULA

EIN: 383227080 501(c)(3) Philanthropy & Grantmaking

ESCANABA, MI

Total Revenue
$4,657,625
Total Expenses
$3,654,685
Total Assets
$37,129,635
Net Assets
$34,886,671
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MI
Principal Officer
BILL INMAN
Phone
9067866654
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF THE UPPER PENINSULA, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.0M, a strong 22% operating margin.

Mission

TO RECEIVE AND ADMINISTER CHARITABLE ENDOWMENT FUNDS FOR THE BENEFIT OF THE RESIDENTS OF THE UPPER PENINSULA OF MICHIGAN AND TO PROVIDE ADMINISTRATIVE, COMMUNICATION AND OTHER SUPPORT TO AFFILIATE MEMBERS AND OTHER COMMUNITY FOUNDATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,720,272
Program Service Revenue $706,072
Investment Income $918,092
Other Revenue $313,189
TOTAL REVENUE $4,657,625

Expense Breakdown

Grants Paid $1,661,129
Salaries & Benefits $766,951
Fundraising Expenses $288,447
Program Expenses $3,054,993
Other Expenses $1,226,605
TOTAL EXPENSES $3,654,685

Year-over-Year Comparison

2023 2022 Change
Revenue $4,657,625 $5,653,064 -0.2%
Expenses $3,654,685 $3,570,716 +0.0%
Net Income $1,002,940 $2,082,348 -0.5%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
18
Volunteers
75

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
$90,200
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL ANDZEJEWSKI PRESIDENT/CE 40.00
Officer
$90,200 $0 $90,200
MARY BOWERMAN TRUSTEE N/A
Director
$0 $0 $0
SUZETTE CARBERRY TRUSTEE N/A
Director
$0 $0 $0
ANDY COSTIC TRUSTEE N/A
Director
$0 $0 $0
KENNETH DRENTH TRUSTEE N/A
Director
$0 $0 $0
PETER EVERSON TRUSTEE N/A
Director
$0 $0 $0
KRISTEN MACARTHUR TRUSTEE N/A
Director
$0 $0 $0
JOHN LEHMAN PHD TRUSTEE N/A
Director
$0 $0 $0
DAVID SCHAFF NON-BOARD ME N/A
Director
$0 $0 $0
VELDA SCLAFANI TRUSTEE N/A
Director
$0 $0 $0
ALYSSA SWANSON TRUSTEE N/A
Director
$0 $0 $0
ROBERT VANDAMME TRUSTEE N/A
Director
$0 $0 $0
CHARLIE BECKER SECRETARY/TR N/A
Officer
$0 $0 $0
BILL INMAN CO-CHAIR N/A
Officer
$0 $0 $0
TODD LYSINGER CO-VICE CHAI N/A
Officer
$0 $0 $0
WILL CARNE SR CO-CHAIR N/A
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $4,657,625 $3,654,685 $37,129,635 $1,002,940
2022 $5,653,064 $3,570,716 $42,184,299 $2,082,348
2021 $6,857,620 $2,927,494 $49,886,871 $3,930,126
2021 $6,388,481 $2,758,856 $48,940,788 $3,629,625
2020 $3,827,347 $2,201,797 $34,161,402 $1,625,550
2018 $2,977,507 $2,171,844 $26,721,649 $805,663
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