Midland Area Community Foundation
Nonprofit profile at a glance
- EIN
- 382023395
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025, Form 990-T 2025
- Location
- Midland, MI, USA
- Phone
- 9898399661
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $18,202,801
- Expenses
- $15,402,686
- Assets
- $150,583,294
- Liabilities
- $5,422,118
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- SHARON MORTENSEN (PRESIDENT/CE)
Highest reported compensation
- SHARON MORTENSEN (PRESIDENT/CE): $245,418 total reported compensation
- KYLE FAHRNER (CFO): $160,927 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide philanthropic leadership to strengthen our community by fostering collaboration and giving today and in the future. Since 1973, midland area community foundation has provided an avenue for individuals and organizations to change the community through philanthropic giving. Macf awards grants and scholarships, offers the ability for individuals and families to invest in the community, and serves as a catalyst for collaboration and change by leading community dialogue and action on critical issues.
What it reported doing in 2025
Enriching our community (arts, culture, entertainment, recreation, diversity, community leadership, and environment) - the local area is a vibrant hub of arts, culture, entertainment and recreational opportunities. The foundation is committed to equality and inclusion, and welcomes, embraces, and accepts all people. The local area is a sustainable community that values and protects its natural resources.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
- 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 some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 76
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.1%; rating input score 88
- Fundraising efficiency: $17.81 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 19th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 96.3%; rating input score 96; 35th 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; 64th 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: 15.4%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 9.78; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.1% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $13.6M in reported program spending
- Leadership: top reported pay $245K · 17 people listed · 2 of 6 pay-setting controls reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 121 filed money-flow records
- Related organizations: 118 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.