Manistee County Community Foundation FY2020 filing

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To facilitate, promote, and serve philanthropy and permanent endowments to enhance the quality of life in Manistee County.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $931K a year · 38% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
15 mo
of spending, in cash
Plus $33.9M in investments, Pt X · Ln 11–13
Looks good: 15.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$562K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.3M
To programs
85%
Net assets
$34.9M
By yearFY2020–FY2025
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.4M
FY2022$1.5M
FY2023$1.6M
FY2024$2.3M
FY2025$5.7M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$2.0M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M
Net assets
$34.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$34.9M
FY2021$38.6M
FY2022$31.3M
FY2023$35.7M
FY2024$39.1M
FY2025$47.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2015.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.1M Management & general 12% · $149K Fundraising 3% · $36K

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

13 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$96,362Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Laura Heintzelman’s $132K as President and CEO is at the 55th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Laura Heintzelman$132,007$125,274$118,186$117,226$103,651$96,362

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 Manistee County Community Foundation executive salaries →

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 15aYes

Programs and updates

Awards grants and scholarships to local nonprofits, government agencies, and educational institutions to improve the quality of life in Manistee County.

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1 program · $1.1M · in their own filed words · FY2020
01

Provided approximately 173 grants and scholarships to nonprofits, governments and educational institutions.

$1.1Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 135 grants · $5.2M · 2020–2025
City of ManisteeFY2025$184,600
Unitemized GrantFY2025$102,725
Village of Bear LakeFY2025$99,180
Arcadia TownshipFY2025$61,200
Manistee Area Public SchoolsFY2025$55,003
Arcadia Community CenterMI · FY2025$40,000
Shoreline Cycling ClubMI · FY2025$19,490
City of Manistee Housing CommissionFY2025$13,500
Manistee Area Public SchoolsFY2025$11,000
Village of OnekamaFY2025$10,876
See all 135 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Investment incomeLn 3$1.1M
Gifts and grantsLn 1h$519K
Other incomeLn 4–11$1K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$149K
Fundraisingcol D$36K
Owns and owesPt X
$34.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$35.5M
LiabilitiesLn 26$562K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$519K
Government grantsLn 1e$70K
Noncash giftsLn 1g$95K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$1K
Gains on assetsLn 7$316K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Pledges and grants receivableLn 3$6K
Prepaid expenses and deferred chargesLn 9$32
Land, buildings, equipmentLn 10c$16K
InvestmentsLn 11–13$33.9M
Total assetsLn 16$35.5M
LiabilitiesLn 26$562K
Net assetsLn 32$34.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$95K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$42K
Share of the $29.6M endowmentSch D 1g0.14%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$29.6M$26.4M$21.9M$24.0M$14.4M
Given inLn 1b$190K$673K$70K$7.6M$10.6M
SpentLn 1d–1f$989K$957K$721K$375K$206K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.0M$1.6M
InvestmentsLn 11–13$28.4M$33.9M
Land, buildings, equipmentLn 10c$16K$16K
Total assetsLn 16$31.4M$35.5M
LiabilitiesLn 26$371K$562K
Net assetsLn 32$31.1M$34.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$607K$607K
Grants to domestic individualsLn 2$172K$172K
Pay of current officers, directors and key staffLn 5$96K$48K$24K$24K
Other salaries and wagesLn 7$183K$139K$44K
Pension plan contributionsLn 8$8K$5K$2K$723
Other employee benefitsLn 9$1K$561$567$31
Payroll taxesLn 10$21K$14K$5K$2K
Investment management feesLn 11f$42K$42K
Other fees for servicesLn 11g$71K$7K$64K
Advertising and promotionLn 12$31K$23K$8K
Office expensesLn 13$3K$2K$794$256
OccupancyLn 16$11K$6K$4K$720
TravelLn 17$1K$1K$186
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$5K$3K$2K$250
Total functional expensesLn 25$1.3M$1.1M$149K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 15, 2026 $5.7M$1.5M$4.2M$47.4M 990 PDF
FY2024Filed with the IRS May 15, 2025 $2.3M$1.5M$796K$39.1M 990 PDF
FY2023Filed with the IRS Jul 22, 2024 $1.6M$1.4M$180K$35.7M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.5M$2.0M−$565K$31.3M 990 PDF
FY2021Filed with the IRS May 19, 2022 $2.4M$1.7M$682K$38.6M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $1.6M$1.3M$338K$34.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,594,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,086,887$518,959
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $814,067$1,073,807
I-11 Other revenuePrior year $10,905$1,406
I-12 Total revenuePrior year $3,911,859$1,594,172
I-13 Grants and similar amounts paidPrior year $577,909$778,879
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $306,245$310,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $163,282$167,211
I-18 Total expensesPrior year $1,047,436$1,256,090
I-19 Revenue less expensesPrior year $2,864,423$338,082
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,594,172 across 8 lines filed
VIII-1e Government grants$69,508
VIII-1f All other contributions, gifts and grants$449,451
VIII-1g Noncash contributions (included above)$94,800
VIII-1h Total contributions, gifts and grants$518,959
VIII-3 Investment incomeRelated to mission $757,620$757,620
VIII-7 Net gain or loss on sales of assetsRelated to mission $316,187$316,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,406$1,406
VIII-12 Total revenueRelated to mission $1,075,213 · Unrelated business $0 · Excluded from tax $0$1,594,172
Part IX · Statement of functional expenses $1,256,090 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $606,879$606,879
IX-2 Grants to domestic individualsPrograms $172,000$172,000
IX-5 Pay of current officers, directors and key staffPrograms $48,182 · Management $24,090 · Fundraising $24,090$96,362
IX-7 Other salaries and wagesPrograms $138,629 · Management $44,445$183,074
IX-8 Pension plan contributionsPrograms $5,249 · Management $2,056 · Fundraising $723$8,028
IX-9 Other employee benefitsPrograms $561 · Management $567 · Fundraising $31$1,159
IX-10 Payroll taxesPrograms $14,291 · Management $5,243 · Fundraising $1,843$21,377
IX-11f Investment management feesPrograms $42,402$42,402
IX-11g Other fees for servicesPrograms $7,053 · Management $64,138$71,191
IX-12 Advertising and promotionPrograms $23,280 · Fundraising $7,760$31,040
IX-13 Office expensesPrograms $1,930 · Management $794 · Fundraising $256$2,980
IX-16 OccupancyPrograms $6,120 · Management $4,211 · Fundraising $720$11,051
IX-17 TravelPrograms $1,247 · Management $186$1,433
IX-23 InsuranceManagement $1,804$1,804
IX-24 Other expenses (24a–d)Programs $3,160 · Management $1,900 · Fundraising $250$5,310
IX-25 Total functional expensesPrograms $1,070,983 · Management $149,434 · Fundraising $35,673$1,256,090
Part X · Balance sheet $35,509,024 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,996,464$1,605,281
X-3 Pledges and grants receivable$6,048
X-9 Prepaid expenses and deferred charges$32
X-10c Land, buildings and equipment, netStart of year $16,000$16,000
X-11 Publicly traded securitiesStart of year $28,419,489$33,881,663
X-16 Total assetsStart of year $31,431,953$35,509,024
X-17 Accounts payable and accrued expensesStart of year $15,922$25,130
X-18 Grants payableStart of year $334,098$512,899
X-25 Other liabilitiesStart of year $20,972$23,903
X-26 Total liabilitiesStart of year $370,992$561,932
X-27 Net assets without donor restrictionsStart of year $332,898$500,715
X-28 Net assets with donor restrictionsStart of year $30,728,063$34,446,377
X-32 Total net assets or fund balancesStart of year $31,060,961$34,947,092
X-33 Total liabilities and net assetsStart of year $31,431,953$35,509,024
Part XI · Reconciliation of net assets $34,947,092 net assets at year end
XI-1 Total revenue$1,594,172
XI-2 Total expenses$1,256,090
XI-3 Revenue less expenses$338,082
XI-4 Net assets at start of year$31,060,961
XI-5 Net unrealized gains (losses) on investments$3,548,049
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,947,092

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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