Three Rivers Area Community Foundation FY2023 filing

Three Rivers, MIUnknown exempt organization EIN 38-2051672Revenue $375K in FY2023

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.

74¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $4.9M in investments, Pt X · Ln 11–13
Fine: 2.6 months of spending in cash; 1 to 3.
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
$476K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
-40% vs prior year
Spent
$217K
To programs
74%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$375K
FY2023▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$394K
FY2021$578K
FY2022$624K
FY2023$375K
FY2024$567K
Expenses
$217K
FY2023▼ -50%
Tap a bar for its year
Expenses by fiscal year
FY2020$333K
FY2021$287K
FY2022$435K
FY2023$217K
FY2024$239K
Net assets
$4.6M
FY2023▲ +11%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

74 cents of each dollar spent went to programs.

Program services 74% · $160K Management & general 26% · $57K

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

9 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$25,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $160K · in their own filed words · FY2023
01

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

$160Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Investment incomeLn 3$266K
Gifts and grantsLn 1h$55K
Fees for servicesLn 2g$53K
Money outPt IX
$217K
Ln 25
Programscol B$160K
Managementcol C$57K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$5.0M
LiabilitiesLn 26$476K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Fees for servicesLn 2g$53K
Investment incomeLn 3$266K
Gains on assetsLn 7$64K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$4.9M
Other assetsLn 15$44K
Total assetsLn 16$5.0M
LiabilitiesLn 26$476K
Net assetsLn 32$4.6M
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 FY23End FY23
Cash and savingsLn 1–2$180K$46K
InvestmentsLn 11–13$4.3M$4.9M
Total assetsLn 16$4.5M$5.0M
LiabilitiesLn 26$429K$476K
Net assetsLn 32$4.1M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Grants to domestic individualsLn 2$36K$36K
Pay of current officers, directors and key staffLn 5$25K$25K
Management feesLn 11a$48K$48K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$21K$21K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$217K$160K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $567K$239K$328K$0 990 PDF
FY2023 Viewing $375K$217K$159K$4.6M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $375,227 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $376,613$55,331
I-9 Program service revenuePrior year $53,295$53,482
I-10 Investment incomePrior year $193,913$266,414
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $623,821$375,227
I-13 Grants and similar amounts paidPrior year $310,273$90,545
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,917$25,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $101,932$101,181
I-18 Total expensesPrior year $435,122$216,726
I-19 Revenue less expensesPrior year $188,699$158,501
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $375,227 across 6 lines filed
VIII-1f All other contributions, gifts and grants$55,331
VIII-1h Total contributions, gifts and grants$55,331
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,482$53,482
VIII-3 Investment incomeRelated to mission $201,960$201,960
VIII-7 Net gain or loss on sales of assetsRelated to mission $64,454$64,454
VIII-12 Total revenueRelated to mission $319,896 · Unrelated business $0 · Excluded from tax $0$375,227
Part IX · Statement of functional expenses $216,726 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $54,045$54,045
IX-2 Grants to domestic individualsPrograms $36,500$36,500
IX-5 Pay of current officers, directors and key staffManagement $25,000$25,000
IX-11a Management feesPrograms $48,087$48,087
IX-11c Accounting feesManagement $17,650$17,650
IX-11f Investment management feesPrograms $21,441$21,441
IX-12 Advertising and promotionManagement $3,989$3,989
IX-13 Office expensesManagement $4,537$4,537
IX-23 InsuranceManagement $1,522$1,522
IX-24 Other expenses (24a–d)Management $3,955$3,955
IX-25 Total functional expensesPrograms $160,073 · Management $56,653 · Fundraising $0$216,726
Part X · Balance sheet $5,031,919 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $179,759$46,280
X-9 Prepaid expenses and deferred chargesStart of year $2,378$2,378
X-11 Publicly traded securitiesStart of year $4,315,639$4,938,866
X-15 Other assetsStart of year $37,292$44,395
X-16 Total assetsStart of year $4,535,068$5,031,919
X-17 Accounts payable and accrued expensesStart of year $5,946$5,946
X-25 Other liabilitiesStart of year $423,166$470,540
X-26 Total liabilitiesStart of year $429,112$476,486
X-27 Net assets without donor restrictionsStart of year $4,105,956$4,555,433
X-32 Total net assets or fund balancesStart of year $4,105,956$4,555,433
X-33 Total liabilities and net assetsStart of year $4,535,068$5,031,919
Part XI · Reconciliation of net assets $4,555,433 net assets at year end
XI-1 Total revenue$375,227
XI-2 Total expenses$216,726
XI-3 Revenue less expenses$158,501
XI-4 Net assets at start of year$4,105,956
XI-5 Net unrealized gains (losses) on investments$290,976
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,555,433

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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