2024-05-15T11:59:43-05:00 2023-06-30 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2022-07-01 382910328 NORTH CENTRAL MICHIGAN COLLEGE FOUNDATION NORT 2313486621 1515 HOWARD STREET PETOSKEY MI 49770 CHELSEA PLATTE EXECUTIVE DIRECTOR 2313486621 2024-05-15 1 CHELSEA PLATTE 999009999 1 JEFFREY E HERT CPA P00066715 2319463230 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHELSEA PLATTE 1515 HOWARD STREET PETOSKEY MI 49770 7239010 0 X HTTPS://WWW.NCMICH.EDU X 1989 MI TO INITIATE PHILANTHROPY IN PARTNERSHIP WITH NORTH CENTRAL MICHIGAN COLLEGE AND THE COMMUNITY IN ORDER TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION AND GOALS OF THE COLLEGE. 17 16 0 21 0 0 3259074 1401021 0 0 374837 522066 0 0 3633911 1923087 1784970 1073362 0 0 0 0 27553 0 159749 514217 351554 2326740 1424916 1307171 498171 11689091 12567665 2361 0 11686730 12567665 TO INITIATE PHILANTHROPY IN PARTNERSHIP WITH NORTH CENTRAL MICHIGAN COLLEGE AND THE COMMUNITY IN ORDER TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION AND GOALS OF THE COLLEGE. 0 0 1073362 1073362 ALL GRANTS TO NORTH CENTRAL MICHIGAN COLLEGE ARE FOR EDUCATIONAL PURPOSES. 1073362 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 0 0 0 MI X X CHELSEA PLATTE 2313486621 1515 HOWARD STREET PETOSKEY MI 49770 JIM SCHROEDER CHAIR 1.00 X X 0 0 0 CHRIS ETIENNE PAST CHAIR 1.00 X X 0 0 0 DAN CASASANTA SECRETARY 1.00 X X 0 0 0 MAX BUNKER TREASURER 1.00 X X 0 0 0 DAVID FINLEY PRESIDENT 1.00 X X 0 179185 48181 DAWN BODNAR DIRECTOR 1.00 X 0 0 0 DAVID BOOR DIRECTOR 1.00 X 0 0 0 WALT BYERS DIRECTOR 1.00 X 0 0 0 ASHLEY DECARTERET DIRECTOR 1.00 X 0 0 0 JOHN FOUGHT TRUSTEE 1.00 X 0 0 0 CHRIS MORLEY DIRECTOR 1.00 X 0 0 0 DAN RASMUSSEN TRUSTEE 1.00 X 0 0 0 SHARON SCHAPPACHER DIRECTOR 1.00 X 0 0 0 STAN SMITH DIRECTOR 1.00 X 0 0 0 JENNIFER SHORTER DIRECTOR 1.00 X 0 0 0 JAMES VOTRUBA DIRECTOR 1.00 X 0 0 0 CHELSEA PLATTE EXECUTIVE DIRECTOR 40.00 X 0 93957 35188 0 273142 83369 0 0 1 0 0 1401021 49514 1401021 292046 292046 5545943 5315923 230020 230020 230020 1923087 0 0 522066 X 1073362 1073362 46652 46652 304902 145153 159749 1424916 1073362 191805 159749 38700 218606 213421 94669 1334157 1151509 10102813 11102881 11689091 12567665 2361 0 2361 0 X 2922497 3121228 8764233 9446437 11686730 12567665 11689091 12567665 498171 382764 0 X 0 1 X 1 0 X X 1 NORTH CENTRAL MICHIGAN COLLEGE 381586760 5 1 1073362 0 1 1073362 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6591780 221663 515271 283200 7045514 2185203 4676822 -249882 20363 6591780 1015948 532589 167671 31004 1685204 156932 840803 18213 1015948 144029 10000 5769 2866 156932 0.20000 0.80000 0 0 0 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE RULED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE FOUNDATION IS REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE AND RELATED REGULATIONS TO MAINTAIN ITS EXEMPTION. ONLY UNRELATED BUSINESS INCOME, IF ANY, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CONSIDERS WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAX EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, THE FOUNDATION DETERMINES WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE FOUNDATION TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS OTHER MANAGEMENT AND GENERAL EXPENSES. THE FOUNDATION HAS EVALUATED TAX YEARS 2020 THROUGH 2023, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2023. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2023 AND 2022, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART V, LINE 1G IN TAX YEAR ENDING 6/30/22, THE CUSTODIAL ACCOUNTS WERE TRANSFERRED TO ENDOWMENT FUNDS FOR SCHOLARSHIPS. THE BALANCE OF THE ENDOWED SCHOLARSHIPS AS OF 6/30/22 OF $4,534,638 WAS INCLUDED AS CONTRIBUTIONS IN PRIOR YEAR WHICH IS A DIFFERENCE FROM THE 2021 FORM 990. HENCEFORTH, THE INCOME, EXPENSES, AND GRANTS FOR THE ENDOWED SCHOLARSHIPS WILL BE RECORDED IN PART V. 1 NORTH CENTRAL MICHIGAN COLLEGE 1515 HOWARD STREET PETOSKEY MI 49770 381586760 GOVT 1073362 0 SCHOLARSHIPS, EQUIPMENT, AND OTHER 0 0 0 0 0 0 0 0 0 DAVID FINLEY PRESIDENT 0 179185 0 0 0 0 0 20676 0 27505 0 227366 0 0 SCHEDULE J, PART I, LINE 3 THE ORGANIZATION DOES NOT EMPLOY ANY INDIVIDUALS DIRECTLY. ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, NORTH CENTRAL MICHIGAN COLLEGE. THE ORGANIZATION REIMBURSES THE COLLEGE FOR COMPENSATION RELATED EXPENSES AS SHOWN UNDER PART IX - STATEMENT OF FUNCTIONAL EXPENSES. X 3 123174 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: INVESTMENT BANK WHERE INVESTMENTS ARE HELD FACILITATES SALE OF STOCK DONATIONS IMMEDIATELY UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION'S SOLE MEMBER IS NORTH CENTRAL MICHIGAN COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS ARE ELECTED AT A MEETING OF THE NORTH CENTRAL MICHIGAN COLLEGE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B MEMBERSHIP APPROVAL OF CORPORATE ACTIONS INCLUDE: 1. ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS 2. AMENDING THE ARTICLES OF INCORPORATION AND BY-LAWS 3. APPROVAL OF EXPENDITURES IN EXCESS OF $100,000 FOR THE ACQUISITION OF CAPITAL ASSETS 4. APPROVAL OF BORROWINGS OR GUARANTEES HAVING A MATURITY OF MORE THAN ONE YEAR 5. ADOPTION OF ANY MATERIAL AMENDMENT TO THE ANNUAL OPERATING AND CAPITAL BUDGETS 6. APPROVAL OF LONG RANGE PLANS 7. SELECTION OF CHIEF EXECUTIVE OFFICER 8. OTHER AS REQUIRED BY LAW FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. ARTICLES OF INCORPORATION ARE AVAILABLE ON MICHIGAN DEPARTMENT OF ENERGY, LABOR AND ECONOMIC GROWTH'S WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 145,153. FUNDRAISING EXPENSES 159,749. TOTAL EXPENSES 304,902. NORTH CENTRAL MICHIGAN COLLEGE 1515 HOWARD STREET PETOSKEY MI 49770 381586760 TO PROVIDE EDUCATIONAL SERVICES MI 115(1) 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 NORTH CENTRAL MICHIGAN COLLEGE B 803349 CASH NORTH CENTRAL MICHIGAN COLLEGE O 399355 CASH AND INKIND NORTH CENTRAL MICHIGAN COLLEGE K 3600 FAIR MARKET VALUE NORTH CENTRAL MICHIGAN COLLEGE C 98653 INKIND