Petoskey-harbor Springs Area Community Foundation
Nonprofit profile at a glance
- EIN
- 383032185
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Petoskey, MI, USA
- Phone
- 2313485820
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $15,988,693
- Expenses
- $6,329,797
- Assets
- $70,208,539
- Liabilities
- $12,015,603
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DANA F ANDREWS (PRESIDENT)
- STEVEN L BOECKMAN (VICE PRESIDENT)
- DAVID JONES (EXECUTIVE DIRECTOR)
Highest reported compensation
- DAVID JONES (EXECUTIVE DIRECTOR): $139,781 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the quality of life for all people in emmet county by connecting donors with community needs, building a permanent source of charitable funds, addressing a broad range of community issues through grantmaking, and championing philanthropy.
What it reported doing in 2025
The community foundation makes grants for charitable purposes to various 501(c)(3) and government organizations in the following areas: arts and culture, education, environment, community and economic development, health, human services, recreation, historic preservation, and youth development. All grant recommendations are reviewed and approved by the community foundation's board of directors. Donor advised funds recommended 894 grants to support organizations they value. The unrestricted fund's distribution committee and the youth fund's youth advisory committee recommended 47 grants to organizations serving a significant number of emmet county residents. The advisory committee for field of interest funds, including funds supporting seniors, children, housing or the environment, recommended 118 grants to organizations in corresponding fields. The scholarship committee recommended various scholarship awards of 56 grants to local students who are pursuing education beyond high school. A total of 1,293 grants were awarded from community foundation funds during this time period to improve and enrich life in emmet county.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as 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. Some filed totals do not add up and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.6%; rating input score 65
- Program expense ratio: 88.2%; rating input score 88
- Fundraising efficiency: $57.82 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 71.9%; rating input score 72; 20th 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: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 60.4%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 11.09; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 64.6% of revenue deployed · 88.2% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.6M in reported program spending
- Leadership: top reported pay $140K · 16 people listed
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 99 filed money-flow records
- Related organizations: 98 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 — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.