To receive and accept property that will be exclusively used for charitable purposes, primarily for the benefit of Gratiot County residents and institutions.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$62K 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

FY2021 · 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 $271K a year · 23% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
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
6 mo
of spending, in cash
Plus $17.4M in investments, Pt X · Ln 11–13
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $43K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+17% vs prior year
Spent
$791K
To programs
75%
Net assets
$16.9M
By yearFY2020–FY2025
Revenue
$1.4M
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.2M
FY2023$853K
FY2024$1.3M
FY2025$1.2M
Expenses
$791K
FY2021▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$798K
FY2021$791K
FY2022$998K
FY2023$999K
FY2024$1.0M
FY2025$979K
Net assets
$16.9M
FY2021▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.7M
FY2021$16.9M
FY2022$14.1M
FY2023$15.1M
FY2024$17.8M
FY2025$18.9M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $597K Management & general 23% · $180K Fundraising 2% · $15K

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

19 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$61,500Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Chelsea Holmes’s $95K as Executive Director is at the 26th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chelsea Holmes$95,000$83,633$86,750$69,064——
Tina Travis————$61,500$61,500

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 Gratiot County 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Awards grants and scholarships to support local education, health, human services, arts, and community development projects for the residents of Gratiot County.

Questions for Gratiot County Community Foundation

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Provided by the organization

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1 program · $597K · in their own filed words · FY2020
01

Grants and scholarships awarded for community projects and programs in fields of education, health, human services, arts, culture and community service.

$597Kprogram 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 3 funders$43K
See all 3 funders →
Grants paid · 167 grants · $3.2M · 2019–2024
Unitemized GrantFY2024$235,535
Eugene M Nikkari ElementaryFY2024$15,050
Ithaca South Elementary SchoolFY2024$15,050
Ithaca North Elementary SchoolFY2024$15,050
Fulton ElementaryFY2024$15,050
Carrie Knause ElementaryFY2024$15,050
Breckenridge Elementary SchoolFY2024$15,050
Ashley Community SchoolsFY2024$15,050
Heroes CenterMI · FY2024$15,000
Gratiot County Hope HouseFY2024$15,000
Alma Police DepartmentFY2024$12,000
Village of BreckenridgeFY2024$10,000
Commission on AgingFY2024$10,000
See all 167 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Investment incomeLn 3$1.1M
Gifts and grantsLn 1h$328K
Fees for servicesLn 2g$13K
Money outPt IX
$791K
Ln 25
Programscol B$597K
Managementcol C$180K
Fundraisingcol D$15K
Owns and owesPt X
$16.9M
net assets · Ln 32
Cash and savingsLn 1–2$393K
Total assetsLn 16$18.2M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Noncash giftsLn 1g$35K
Fees for servicesLn 2g$13K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$4K
Gains on assetsLn 7$751K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$324K
Cash and savings togetherLn 1–2$393K
InvestmentsLn 11–13$17.4M
Land, buildings, equipmentLn 10c$210K
Other assetsLn 15$176K
Total assetsLn 16$18.2M
LiabilitiesLn 26$1.2M
Net assetsLn 32$16.9M
OperationsPt I, VI
EmployeesI 57
VolunteersI 618
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$368K$393K
InvestmentsLn 11–13$15.0M$17.4M
Land, buildings, equipmentLn 10c$206K$210K
Total assetsLn 16$15.7M$18.2M
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32$14.7M$16.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$375K$375K
Grants to domestic individualsLn 2$130K$130K
Pay of current officers, directors and key staffLn 5$59K$15K$39K$6K
Other salaries and wagesLn 7$80K$20K$52K$8K
Payroll taxesLn 10$10K$3K$7K$1K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$54K$54K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$9K$9K
Information technologyLn 14$26K$26K
Conferences, conventions and meetingsLn 19$335$335
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$18K$533$18K
Total functional expensesLn 25$791K$597K$180K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$979K$219K$18.9M 990 PDF
FY2024 $1.3M$1.0M$317K$17.8M 990 PDF
FY2023 $853K$999K−$146K$15.1M 990 PDF
FY2022 $1.2M$998K$184K$14.1M 990 PDF
FY2021 Viewing $1.4M$791K$635K$16.9M 990 PDF
FY2020 $1.2M$798K$419K$14.7M 990 PDF

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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 FY2021 990 (6 parts)
Part I · Summary $1,426,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $515,510$327,783
I-9 Program service revenuePrior year $10,449$12,595
I-10 Investment incomePrior year $687,378$1,082,350
I-11 Other revenuePrior year $3,600$3,600
I-12 Total revenuePrior year $1,216,937$1,426,328
I-13 Grants and similar amounts paidPrior year $479,800$504,396
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $147,531$149,748
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $170,210$137,206
I-18 Total expensesPrior year $797,541$791,350
I-19 Revenue less expensesPrior year $419,396$634,978
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,426,328 across 8 lines filed
VIII-1f All other contributions, gifts and grants$327,783
VIII-1g Noncash contributions (included above)$35,273
VIII-1h Total contributions, gifts and grants$327,783
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,595$12,595
VIII-3 Investment incomeRelated to mission $331,671$331,671
VIII-7 Net gain or loss on sales of assetsRelated to mission $750,679$750,679
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,600$3,600
VIII-12 Total revenueRelated to mission $1,098,545$1,426,328
Part IX · Statement of functional expenses $791,350 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $374,846$374,846
IX-2 Grants to domestic individualsPrograms $129,550$129,550
IX-5 Pay of current officers, directors and key staffPrograms $14,846 · Management $38,599 · Fundraising $5,938$59,383
IX-7 Other salaries and wagesPrograms $20,076 · Management $52,199 · Fundraising $8,031$80,306
IX-10 Payroll taxesPrograms $2,515 · Management $6,538 · Fundraising $1,006$10,059
IX-11c Accounting feesManagement $9,213$9,213
IX-11f Investment management feesPrograms $54,305$54,305
IX-11g Other fees for servicesManagement $2,675$2,675
IX-12 Advertising and promotionManagement $2,604$2,604
IX-13 Office expensesManagement $9,157$9,157
IX-14 Information technologyManagement $26,356$26,356
IX-19 Conferences, conventions and meetingsManagement $335$335
IX-20 InterestManagement $6,893$6,893
IX-22 Depreciation, depletion and amortizationManagement $3,390$3,390
IX-23 InsuranceManagement $3,952$3,952
IX-24 Other expenses (24a–d)Programs $533 · Management $17,793$18,326
IX-25 Total functional expensesPrograms $596,671 · Management $179,704 · Fundraising $14,975$791,350
Part X · Balance sheet $18,151,693 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $44,725$68,763
X-2 Savings and temporary cash investmentsStart of year $323,596$323,931
X-3 Pledges and grants receivableStart of year $3,300$1,900
X-9 Prepaid expenses and deferred chargesStart of year $7,272$8,624
X-10c Land, buildings and equipment, netStart of year $205,588$210,398
X-11 Publicly traded securitiesStart of year $14,997,884$17,362,441
X-15 Other assetsStart of year $161,502$175,636
X-16 Total assetsStart of year $15,743,867$18,151,693
X-17 Accounts payable and accrued expensesStart of year $2,996$3,746
X-18 Grants payableStart of year $137,366$111,506
X-26 Total liabilitiesStart of year $1,078,161$1,207,107
X-27 Net assets without donor restrictionsStart of year $14,500,904$16,768,550
X-28 Net assets with donor restrictionsStart of year $164,802$176,036
X-32 Total net assets or fund balancesStart of year $14,665,706$16,944,586
X-33 Total liabilities and net assetsStart of year $15,743,867$18,151,693
Part XI · Reconciliation of net assets $16,944,586 net assets at year end
XI-1 Total revenue$1,426,328
XI-2 Total expenses$791,350
XI-3 Revenue less expenses$634,978
XI-4 Net assets at start of year$14,665,706
XI-5 Net unrealized gains (losses) on investments$1,629,768
XI-9 Other changes in net assets$14,134
XI-10 Net assets at end of year$16,944,586

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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