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Nonprofit · EIN 38-1443367

FREMONT AREA COMMUNITY FOUNDATION

Tax-exempt · FREMONT, MI 49412

Financials

$14.9M$10.7M2023$15.2M$12.9M2024
Revenue Expenses · by fiscal year end
Financials of FREMONT AREA COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,175,959$12,858,682$2,317,277$306,738,307$5,239,881$301,498,426
December 31, 2023990$14,863,634$10,675,286$4,188,348$268,983,898$4,983,850$264,000,048
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,521,451
Program service revenue
$365,611
Investment income
$12,289,920
Royalties
$71
Net gain from sales of assets
$3,636,959
Net income from fundraising events
-$1,094
Other revenue
-$1,023

Expenses

Grants and similar amounts paid
$8,564,044
Compensation of officers, directors and key employees
$553,175
Other salaries and wages
$1,263,197
Salaries, compensation and benefits (total)
$2,449,193
Professional fundraising fees
$0
Legal fees
$34,426
Accounting fees
$42,785
Occupancy
$116,060
Travel
$25,070
Depreciation
$100,293
Program services (functional)
$9,974,658
Management and general (functional)
$2,299,588
Fundraising (functional)
$584,436

Balance sheet and other

Total assets, start of year
$268,983,898
Total assets, end of year
$306,738,307
Total liabilities, end of year
$5,239,881
Net assets, end of year
$301,498,426
Land, buildings and equipment
$933,896
Net assets without donor restrictions
$299,999,289
Net assets with donor restrictions
$1,499,137
Gross receipts
$33,404,961
Employees
24
Volunteers
200
Year formed
1951
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHELLY KASPRZYCKIPRESIDENT AND CEO
Officer
35$247,848$77,008
KATHYRN POPEVICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Officer
35$158,290$53,542
LINDSAY HAGERVICE PRESIDENT AND CHIEF PHILANTHROPY OFFICER
Highest-paid employee
35$135,061$40,151
KEN DELAATVICE CHAIR STARTING 6/13/24
Trustee or director, Officer
1$0$0
LORI TUBBERGEN CLARKCHAIR part-year through 6/13/2024
Trustee or director, Officer
1$0$0
MIKHAIL SALACINASECRETARY THROUGH 6/13/24 TREASURER STARTING 6/13/24
Trustee or director, Officer
1$0$0
SUSAN WENTESECRETARY STARTING 6/13/24
Trustee or director, Officer
1$0$0
WILLIAM ALSOVERTREASURER THROUGH 6/13/24, CHAIR STARTING 6/13/24
Trustee or director, Officer
1$0$0
CHARLES CHANDLERTRUSTEE
Trustee or director
1$0$0
CHRIS WRENTRUSTEE
Trustee or director
1$0$0
DENISE SUTTLESTRUSTEE
Trustee or director
1$0$0
DOROTHY PARISTRUSTEE STARTING 6/13/24
Trustee or director
1$0$0
JULIE BURRELLTRUSTEE STARTING 6/13/24
Trustee or director
1$0$0
JULIE TATKOTRUSTEE
Trustee or director
1$0$0
MICHEAL ANDERSONTRUSTEE THROUGH 6/13/24
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
PEGGY ROSSLERTRUSTEE
Trustee or director
1$0
TODD DEKRYGERTRUSTEE
Trustee or director
1$0
TRAVIS BULLTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
SHELLY KASPRZYCKIPRESIDENT AND CEO
Officer
35$223,691$76,710
KATHYRN POPEVICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Officer
35$139,812$56,841
LINDSAY HAGERVICE PRESIDENT AND CHIEF PHILANTHROPY OFFICER
Highest-paid employee
35$122,243$38,961
LOLA HARMON RAMSEYVICE CHAIR
Trustee or director, Officer
1$0$0
LORI TUBBERGEN CLARKCHAIR
Trustee or director, Officer
1$0$0
MIKHAIL SALACINASECRETARY
Trustee or director, Officer
1$0$0
WILLIAM ALSOVERTREASURER
Trustee or director, Officer
1$0$0
CHARLES CHANDLERTRUSTEE
Trustee or director
1$0$0
JULIE TATKOTRUSTEE
Trustee or director
1$0$0
KEN DELAATTRUSTEE
Trustee or director
1$0$0
MARY RANGELTRUSTEE PASSED AWAY ON 11/3/2023
Trustee or director
1$0$0
MICHEAL ANDERSONTRUSTEE
Trustee or director
1$0$0
PEGGY ROSSLERTRUSTEE
Trustee or director
1$0$0
RANDY MCDONALDTRUSTEE-RESIGNED 6/15/2023
Trustee or director
1$0$0
ROLAND REEDTRUSTEE-RESIGNED 6/15/2023
Trustee or director
1$0$0
SUSAN WENTETRUSTEE
Trustee or director
1$0$0
TODD DEKRYGERTRUSTEE
Trustee or director
1$0$0
TRAVIS BULLTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
4424 W 48TH ST, FREMONT, MI 49412-8721
Principal officer (990 for 2024)
SHELLY E KASPRZYCKI, 4424 WEST 48TH STREET, FREMONT, MI 494128721
Signed the 990
SHELLY E KASPRZYCKI, PRESIDENT & CEO
Phone
(231) 924-5350
Return prepared by
PLANTE MORAN

Mission

TO ENHANCE THE QUALITY OF LIFE FOR ALL PEOPLE OF NEWAYGO COUNTY AND SURROUNDING COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • Community Development program works to decrease the Newaygo county unemployment rate by distributing grants to charitable organizations focused on providing education, certifications, training and employment of a skilled workforce, along with efforts to support development of small businesses and entrepreneurship development within the community of Newaygo County. The program aims to increase overall business capacity by developing local economic partnerships and utilizing community resources.
    Expenses $3,547,651 · grants $3,045,943
  • POVERTY TO PROSPERITY WORKS TO REDUCE THE IMPACT OF POVERTY ON THE COMMUNITY IN NEWAYGO COUNTY, MICHIGAN BY PROVIDNG GRANTS TO CHARITABLE ORGANIZATIONS FOCUSED ON THE DEVELOPMENT OF SELF-SUFFICIENCY, BUILDING SOCIAL CAPITAL AND THE EMPOWERMENT OF INDIVIDUALS AND FAMILIES TO THRIVE LONG-TERM.
    Expenses $3,019,034 · grants $2,592,083
  • The Education Program works to decrease the impact of poverty on the community in Newaygo County by increasing the education level of the community at large. Grants are provided to charitable organizations focused on funding Kindergarten readiness, STEAM, Literacy, and remediation assistance. Funding also supports educational scholarships and tuition assistance to students in Newaygo County, and West Michigan community.
    Expenses $2,860,043 · grants $2,455,576
  • COMMUNITY RESPONSIVE GRANTMAKING: ADMINISTERING AND DISTRIBUTING FUNDS RECEIVED EXCLUSIVELY FOR CHARITABLE PURPOSES THROUGH GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE SERVICES FOR THE BENEFIT OF THE PEOPLE OF NEWAYGO COUNTY, MICHIGAN AND THE SURROUNDING AREA OF WESTERN MICHIGAN. CATEGORIES OF FUNDING INCLUDE CHARITABLE PURPOSES ACROSS MANY SECTORS, INCLUDING BUT NOT LIMITED TO HEALTH, EDUCATION, COMMUNITY DEVELOPMENT, AND SERVICES TO VULNERABLE POPULATIONS.
    Expenses $547,930 · grants $470,442 · revenue $365,682

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1443367
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$306,738,307
Income (IRS master file)
$33,404,961

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$15,175,959$12,858,682$306,738,307XML
990December 2023$14,863,634$10,675,286$268,983,898XML
990December 2022$14,536,377$11,767,007$241,936,076IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1443367).

Questions about FREMONT AREA COMMUNITY FOUNDATION

What is the EIN of FREMONT AREA COMMUNITY FOUNDATION?
The employer identification number (EIN) of FREMONT AREA COMMUNITY FOUNDATION is 38-1443367.
Is FREMONT AREA COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
Are donations to FREMONT AREA COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREMONT AREA COMMUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREMONT AREA COMMUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREMONT AREA COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FREMONT AREA COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names SHELLY E KASPRZYCKI.
Who are the officers and directors of FREMONT AREA COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 18 people; 3 received compensation from the organization, the highest $247,848 (SHELLY KASPRZYCKI, PRESIDENT AND CEO).
How much revenue does FREMONT AREA COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,175,959, expenses of $12,858,682 and total assets of $306,738,307 at year end.

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