EIN 38-2023395

Midland Area Community Foundation

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1973
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Midland Area Community Foundation fosters collaboration and giving today and in the future to strengthen our community. Since 1973, it has provided an avenue for individuals and organizations to change the world. The Foundation enriches our community by promoting arts, culture, entertainment, recreation, diversity, community leadership, and environment. Besides, it cares for its people by offering human services, social services, poverty alleviation initiatives, housing support, mental and physical health programs, and public safety measures.
Total revenues
$16,911,059
2022
Total expenses
$13,749,116
2022
Total assets
$114,895,702
2022
Num. employees
13
2022

Program areas at Midland Area Community Foundation

Building our livelihood (economic development and infrastructure) - the local Area creates and sustains competitive advantages for existing and future businesses. The Foundation is well-connected and invests in physical and technological infrastructure.
Caring for our people (human services, social services, poverty,housing, mental and physical health, and public safety) - the local Community provides a coordinated and comprehensive system of supportive health and human services so that all may thrive. The Foundation encourages self- sufficiency and accepts its responsibility to collaborate to create the safest Community in the country.
Enriching our Community (arts, culture, entertainment, recreation, diversity, Community leadership, and environment) - the local Area is a vibrant hub of arts, culture, entertainment and recreational opportunities. The Foundation is committed to equality and inclusion, and welcomes, embraces, and accepts all people. The local Area is a sustainable Community that values and protects its natural resources.
Developing our talent (talent, education, youth development, and engagement) - the local Area offers high quality education and learning opportunities throughout life, and the Community nurtures a skilled workforce and places high value on post-secondary learning. The Foundation provides opportunities for children and youth to realize their hopes and dreams.

Grants made by Midland Area Community Foundation

GranteeGrant descriptionAmount
Fidelity Investments Charitable Gift FundArts$500,000
Greater Midland Community CTRSCommunity$428,500
Midland Center for the Arts (MCFTA)Arts$313,345
...and 88 more grants made totalling $4,291,116

Who funds Midland Area Community Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Midland Kids FirstMKF Endowment Fund$506,392
Michigan Baseball FoundationRiverfront Restor.$348,000
Midland Rotary FoundationCommunity$125,500
...and 21 more grants received totalling $1,413,381

Personnel at Midland Area Community Foundation

NameTitleCompensation
Sharon MortensenPresident and Chief Executive Officer$179,669
Kyle FahrnerChief Financial Officer$129,881
Lou MenciaTreasurer$0
Katie HorningVice Chair$0
Dave MarshFormer Board$0
...and 3 more key personnel

Financials for Midland Area Community Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$9,915,544
Program services$0
Investment income and dividends$2,113,028
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,726,052
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$156,435
Total revenues$16,911,059

Form 990s for Midland Area Community Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-09990View PDF
2021-122022-05-04990View PDF
2020-122021-05-24990View PDF
2019-122021-01-21990View PDF
2018-122019-07-23990View PDF
...and 10 more Form 990s
Data update history
December 23, 2023
Received grants
Identified 14 new grant, including a grant for $506,392 from Midland Kids First
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
June 25, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsState / local levelEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
76 Ashman Cir
Midland, MI 48640
Metro area
Midland, MI
County
Midland County, MI
Website URL
midlandfoundation.org/ 
Phone
(989) 839-9661
Facebook page
MidlandFDN 
IRS details
EIN
38-2023395
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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