Community Foundation for Muskegon County
Nonprofit profile at a glance
- EIN
- 386114135
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Muskegon, MI, USA
- Phone
- 2317224538
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $19,355,546
- Expenses
- $18,129,065
- Assets
- $250,516,358
- Liabilities
- $25,076,174
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- TODD JACOBS (SECRETARY/PRESIDENT)
Highest reported compensation
- TODD JACOBS (SECRETARY/PRESIDENT): $199,484 total reported compensation
- ISRAEL VELEZ (CFO): $141,509 total reported compensation
- JANELLE MAIR (VP COMMUNITY INVESTMENT): $133,664 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the community foundation for muskegon county is to build community endowment, effect positive change through grantmaking and provide leadership on key community issues, all to serve donors' desires to enhance the quality of life for the people of our region, now and for generations to come
What it reported doing in 2024
Health and human services - encourage programs that meet the basic quality of life needs of muskegon county children and youth; promote health programs and projects that increase the quality of health care available in muskegon county with emphasis on the needs of low-income families and children; encourage and promote projects and programs that embrace racial diversity and multiculturalism; promote healthy lifestyles through education and prevention programming; support efforts that address the needs of children from birth through age six, including quality child care; support programs that encourage families to succeed and become self-sufficient.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.9%; rating input score 97
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: $9.53 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 81.2%; rating input score 81; 17th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.3%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 13.82; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 96.9% of revenue deployed · 86.6% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $15.7M in reported program spending
- Leadership: top reported pay $199K · 22 people listed · 3 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 206 filed money-flow records
- Related organizations: 202 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.