Overview
What is Mackinac Island Community Foundation?
The Mackinac Island Community Foundation is a nonprofit organization based in Mackinac Island, Michigan. It primarily grants funds to charitable organizations located on Mackinac Island and St. Ignace, with the aim of promoting the general well-being of the local residents and visitors. The foundation operates by fostering community partnerships, generating both endowed and non-endowed funds, and stimulating community-wide initiatives. With a small team of two dedicated individuals, the Mackinac Island Community Foundation plays a vital role in enriching the lives of the community members and visitors on these islands.
Official website here: www.micf.org
Is Mackinac Island Community Foundation legitimate?
Mackinac Island Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mackinac Island Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $66,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,992
For more financial information, click here
Official website here: www.micf.org
What is the mission statement of Mackinac Island Community Foundation?
The Mackinac Island Community Foundation works towards enhancing the well-being of its community, encompassing both residents and visitors. It achieves this goal by fostering collaborative partnerships and establishing both endowed and non-endowed funds. These funds serve as catalysts for initiating community-wide projects. Additionally, the foundation provides financial aid to charitable organizations situated on Mackinac Island and St. Ignace, Michigan.
Official website here: www.micf.org
Who is the CEO of Mackinac Island Community Foundation?
Rick Linn is the Principal Officer of Mackinac Island Community Foundation.
Official website here: www.micf.org
What is the revenue of Mackinac Island Community Foundation?
Mackinac Island Community Foundation's revenue in 2022 was $447,282.
Official website here: www.micf.org
Who are the executives of Mackinac Island Community Foundation and what are their salaries?
The average compensation at Mackinac Island Community Foundation during 2022 was $53,971. There are 2 employees and 1 volunteer at Mackinac Island Community Foundation.
Here are 11 key members and their salaries:
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- Compensation: $66,950
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Official website here: www.micf.org
Where can I find the form 990 for Mackinac Island Community Foundation?
Mackinac Island Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.micf.org
Learn more at the official website: www.micf.org
Mission Statement of Mackinac Island Community Foundation
The Mackinac Island Community Foundation, as a nonprofit organization, is committed to enhancing the well-being of both residents and visitors on the island. They achieve this by fostering collaborative partnerships within the community. By generating both endowed and non-endowed funds, this foundation stimulates a wide range of community-driven initiatives. In essence, the Mackinac Island Community Foundation plays a pivotal role in supporting charitable organizations located on Mackinac Island and St. Ignace, Michigan. By providing grants to these organizations, they contribute to the overall betterment of the community, thereby promoting a harmonious and prosperous environment for all.
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Impact
October, 2024
Mackinac Island Community Foundation plays a crucial role in enhancing the quality of life for both residents and visitors of Mackinac Island and St. Ignace, Michigan. By providing grants to various charitable organizations, the foundation supports a broad range of initiatives that address community needs and promote well-being. Through strategic partnerships, it generates endowed and un-endowed funds, enabling sustainable support for local projects and programs. The foundation's efforts stimulate community-wide initiatives that foster a vibrant, engaged, and healthy community, ensuring that the unique character of the island is preserved and enriched for future generations.
This information is meant to be a general summary of Mackinac Island Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$318,812
- Program Service Revenue: $4,485
- Gross Receipts: $5,350,020
Assets and Liabilities:
- Total Assets: $15,366,797
- Total Liabilities: $496,418
- Net Assets: $14,870,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$4,485
Organization Details
Founding Year
1994
Phone
(906) 847-3701Principal Officer
Rick Linn
Main Address
PO BOX 933, MACKINAC ISLAND, MI, 49757
Website
www.micf.orgNTEE Category
Code: T31 - Philanthropy
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