2025-04-08T15:52:10-05:00 2024-06-30 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2023-07-01 382910328 NORTH CENTRAL MICHIGAN COLLEGE FOUNDATION NORT 2313486621 1515 HOWARD STREET PETOSKEY MI 49770 CHELSEA PLATTE EXECUTIVE DIRECTOR 2313486621 2025-04-07 1 1 JEFFREY E HERT CPA P00066715 2319463230 2025-04-07 2023 2025-03-06 01:10:19Z CHELSEA PLATTE 1515 HOWARD STREET PETOSKEY MI 49770 5718308 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. 14 13 0 30 0 0 1401021 1263961 0 0 522066 635437 0 0 1923087 1899398 1073362 1450827 0 0 0 0 0 0 174859 351554 599311 1424916 2050138 498171 -150740 12567665 13043792 0 5095 12567665 13038697 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 1450827 1450827 ALL GRANTS TO NORTH CENTRAL MICHIGAN COLLEGE ARE FOR EDUCATIONAL PURPOSES. 1450827 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 14 13 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, TRUSTEE 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 184791 46332 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, EX-OFFICIO 1.00 X 0 0 0 CHRIS MORLEY DIRECTOR 1.00 X 0 0 0 SHARON SCHAPPACHER DIRECTOR 1.00 X 0 0 0 STAN SMITH DIRECTOR 1.00 X 0 0 0 JAMES VOTRUBA DIRECTOR 1.00 X 0 0 0 CHELSEA PLATTE EXECUTIVE DIRECTOR 40.00 X 0 94873 33253 0 279664 79585 0 0 1 0 0 219862 1044099 377799 1263961 310311 310311 4144036 3818910 325126 325126 325126 1899398 0 0 635437 X 1450827 1450827 55648 55648 453166 278307 174859 41631 41631 PRINTING AND PUBLICATIO 28083 28083 OFFICE SUPPLIES 19543 19543 CREDIT CARD FEES 1240 1240 2050138 1450827 424452 174859 218606 307329 94669 225272 1151509 792624 11102881 11718567 12567665 13043792 0 5095 0 5095 X 3121228 3389531 9446437 9649166 12567665 13038697 12567665 13043792 -150740 621772 0 X X 0 1 X 1 0 X X 1 NORTH CENTRAL MICHIGAN COLLEGE 381586760 5 1 1450827 0 1 1450827 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 7045514 183239 729906 302443 81203 7575013 6591780 221663 515271 283200 7045514 2185203 4676822 -249882 20363 6591780 1015948 532589 167671 31004 1685204 156932 840803 18213 1015948 0.18000 0.82000 0 0 0 X PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH THE FOUNDATION WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME" ("UBTI"). THE FOUNDATION HAS BEEN CLASSIFIED AS NOT A PRIVATE FOUNDATION. THE COLLEGE IS ALSO SUBJECT TO UBTI. 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 HAS EVALUATED FISCAL YEARS 2021 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024, FOR UNCERTAIN TAX POSITIONS. 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, 2024 OR 2023, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 1 NORTH CENTRAL MICHIGAN COLLEGE 1515 HOWARD STREET PETOSKEY MI 49770 381586760 GOVT 1168364 0 SCHOLARSHIPS, EQUIPMENT, AND OTHER 1 0 0 0 0 0 0 0 0 0 DAVID FINLEY PRESIDENT 0 184791 0 0 0 0 0 21383 0 24949 0 231123 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 2 157936 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 B, LINE 15 THE FOUNDATION DOES NOT HAVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. ARTICLES OF INCORPORATION ARE AVAILABLE ON THE MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIR'S WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 278,307. FUNDRAISING EXPENSES 174,859. TOTAL EXPENSES 453,166. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT WITHIN THE PAST YEAR. 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 1168364 CASH NORTH CENTRAL MICHIGAN COLLEGE C 116496 INKIND NORTH CENTRAL MICHIGAN COLLEGE K 3600 FAIR MARKET VALUE NORTH CENTRAL MICHIGAN COLLEGE O 427646 CASH AND INKIND