Three Rivers Area Community Foundation FY2022 filing

Three Rivers, MIUnknown exempt organization EIN 38-2051672Revenue $624K in FY2022

On file with the IRSthreeriversfoundation.comPo Box 453 · Three Rivers, MI

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The foundation's purpose is to receive and accept contributions to be administered exclusively for charitable purposes, primarily in and for the benefit of residents of st. Joseph county and the southwest michigan Area.

87¢ of each $1 spent went to programs.
$23K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $205K a year · 40% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $4.3M in investments, Pt X · Ln 11–13
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$429K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$624K
+8% vs prior year
Spent
$435K
To programs
87%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$624K
FY2022▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$394K
FY2021$578K
FY2022$624K
FY2023$375K
FY2024$567K
Expenses
$435K
FY2022▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$333K
FY2021$287K
FY2022$435K
FY2023$217K
FY2024$239K
Net assets
$4.1M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.8M
FY2022$4.1M
FY2023$4.6M
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $380K Management & general 13% · $55K Fundraising 0% · $44

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$22,917Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melissa Bliss$25,000$25,000$22,917$22,917$12,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Three Rivers Area Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable causes benefiting St. Joseph County and Southwest Michigan residents.

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Provided by the organization

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1 program · $380K · in their own filed words · FY2022
01

Multiple scholarships and grants were awarded to students and organizations in ST. Jospeh county and the southwest michigan region during the fiscal year.

$380Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$3K
Grants paid · 27 grants · $416K · 2020–2024
Unitemized GrantFY2024$20,250
St Joseph County Parks and RecFY2024$20,000
Grand Valley State UniversityFY2024$8,000
Southwestern Michigan CollegeFY2024$7,750
Western Michigan UniversityMI · FY2024$7,500
3r Pickleball AssocFY2024$7,085
Hillsdale CollegeMI · FY2024$6,250
Michigan State UniversityMI · FY2024$5,500
Unitemized GrantFY2023$36,500
River Country Sports CommissionFY2023$14,000
Western Michigan UniversityMI · FY2023$6,000
Unitemized GrantFY2022$38,800
River Country Sports CommissionFY2022$19,913
Three Rivers Rotary Club INCMI · FY2022$13,702
See all 27 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$624K
Ln 12
Gifts and grantsLn 1h$377K
Investment incomeLn 3$194K
Fees for servicesLn 2g$53K
Money outPt IX
$435K
Ln 25
Programscol B$380K
Managementcol C$55K
Fundraisingcol D$44
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$4.5M
LiabilitiesLn 26$429K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$377K
Fees for servicesLn 2g$53K
Investment incomeLn 3$194K
Gains on assetsLn 7−$7K
Total revenueLn 12$624K
Assets in detailPt X, end of year
CashLn 1$180K
Cash and savings togetherLn 1–2$180K
InvestmentsLn 11–13$4.3M
Other assetsLn 15$37K
Total assetsLn 16$4.5M
LiabilitiesLn 26$429K
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$79K$180K
InvestmentsLn 11–13$5.1M$4.3M
Total assetsLn 16$5.3M$4.5M
LiabilitiesLn 26$501K$429K
Net assetsLn 32$4.8M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$271K$271K
Grants to domestic individualsLn 2$39K$39K
Pay of current officers, directors and key staffLn 5$23K$23K
Management feesLn 11a$48K$48K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$22K$22K
Advertising and promotionLn 12$8K$8K$44
Office expensesLn 13$9K$9K
InsuranceLn 23$354$354
Other expenses (24a–d)Ln 24$120$120
Total functional expensesLn 25$435K$380K$55K$44

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $567K$239K$328K$0 990 PDF
FY2023 $375K$217K$159K$4.6M 990 PDF
FY2022 Viewing $624K$435K$189K$4.1M 990 PDF
FY2021 $578K$287K$291K$4.8M 990 PDF
FY2020 $394K$333K$61K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $623,821 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $131,845$376,613
I-9 Program service revenuePrior year $55,720$53,295
I-10 Investment incomePrior year $388,669$193,913
I-11 Other revenuePrior year $1,750$0
I-12 Total revenuePrior year $577,984$623,821
I-13 Grants and similar amounts paidPrior year $169,553$310,273
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$22,917
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,352$101,932
I-18 Total expensesPrior year $286,905$435,122
I-19 Revenue less expensesPrior year $291,079$188,699
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $623,821 across 6 lines filed
VIII-1f All other contributions, gifts and grants$376,613
VIII-1h Total contributions, gifts and grants$376,613
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,295$53,295
VIII-3 Investment incomeRelated to mission $201,396$201,396
VIII-7 Net gain or loss on sales of assetsRelated to mission −$7,483−$7,483
VIII-12 Total revenueRelated to mission $247,208 · Unrelated business $0 · Excluded from tax $0$623,821
Part IX · Statement of functional expenses $435,122 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $271,473$271,473
IX-2 Grants to domestic individualsPrograms $38,800$38,800
IX-5 Pay of current officers, directors and key staffManagement $22,917$22,917
IX-11a Management feesPrograms $47,945$47,945
IX-11c Accounting feesManagement $14,450$14,450
IX-11f Investment management feesPrograms $22,122$22,122
IX-12 Advertising and promotionManagement $7,815 · Fundraising $44$7,859
IX-13 Office expensesManagement $9,082$9,082
IX-23 InsuranceManagement $354$354
IX-24 Other expenses (24a–d)Management $120$120
IX-25 Total functional expensesPrograms $380,340 · Management $54,738 · Fundraising $44$435,122
Part X · Balance sheet $4,535,068 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $78,633$179,759
X-9 Prepaid expenses and deferred chargesStart of year $2,478$2,378
X-11 Publicly traded securitiesStart of year $5,135,940$4,315,639
X-15 Other assetsStart of year $45,475$37,292
X-16 Total assetsStart of year $5,262,526$4,535,068
X-17 Accounts payable and accrued expensesStart of year $5,946$5,946
X-25 Other liabilitiesStart of year $494,566$423,166
X-26 Total liabilitiesStart of year $500,512$429,112
X-27 Net assets without donor restrictionsStart of year $4,762,014$4,105,956
X-32 Total net assets or fund balancesStart of year $4,762,014$4,105,956
X-33 Total liabilities and net assetsStart of year $5,262,526$4,535,068
Part XI · Reconciliation of net assets $4,105,956 net assets at year end
XI-1 Total revenue$623,821
XI-2 Total expenses$435,122
XI-3 Revenue less expenses$188,699
XI-4 Net assets at start of year$4,762,014
XI-5 Net unrealized gains (losses) on investments−$844,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,105,956

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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