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Fremont Area Community Foundation
Fremont Area Community Foundation reported $15.2 million in revenue and $12.9 million in expenses for calendar year 2024. Of every $100 it spent, $77.57 went to program services, $17.88 to management and general costs and $4.55 to fundraising. Its largest source of revenue was investment income: 81.0% of the total. The highest compensation it reported for one person was $324,856 (PRESIDENT AND CEO). 3 people received more than $100,000 in reportable compensation. Revenue rose 43% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15M- Contributions & grants (non-government)$16.61 $2.5M
- Program service revenue$2.41 $366K
- Investment income$80.98 $12M
Other revenue was negative: −$1,023. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.6% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.9% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.5% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.23 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.6% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.4% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $324,856 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.53% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 3 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 281.4 | 56.6 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCommunity 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
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
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 35.0 hrs/week | $247,848 | $0 | $77,008 | $324,856 |
| VICE PRESIDENT AND CHIEF FINANCIAL OFFICER Officer, 35.0 hrs/week | $158,290 | $0 | $53,542 | $211,832 |
| VICE PRESIDENT AND CHIEF PHILANTHROPY OFFICER Highest compensated employee, 35.0 hrs/week | $135,061 | $0 | $40,151 | $175,212 |
3 people received more than $100,000 in reportable compensation from Fremont Area Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $553K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 524
- Volunteers Part I, line 6200
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| FUND EVALUATION GROUP Investment consultant | $180,904 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Fremont Area Community Foundation totaling $40 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Fremont Area Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fremont Area Community Foundation, you can publish a response that is linked from this page.
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Of every $100 Fremont Area Community Foundation spent in 2024, $77.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Saint ThereseSt Louis Park, MN · revenue $15M · programs 1.1% · FY2025
- The Connecticut Community FoundationWaterbury, CT · revenue $15M · programs 90.3% · 2025
- Community Foundation for MississippiJackson, MS · revenue $15M · programs 97.7% · FY2025
- Communities First InitiativeLawrenceville, NJ · revenue $15M · programs 34.8% · 2024
- Oshkosh Area Community Foundation CorporationOshkosh, WI · revenue $15M · programs 86.7% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in Michigan
Questions people ask
How much of Fremont Area Community Foundation's spending goes to programs?
In calendar year 2024, Fremont Area Community Foundation reported that 77.6% of its $12.9 million in expenses went to program services, 17.9% to management and general and 4.5% to fundraising (Form 990, Part IX).
How much does Fremont Area Community Foundation pay its top executive?
The largest total compensation Fremont Area Community Foundation reported for one person in calendar year 2024 was $324,856, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fremont Area Community Foundation get its money?
Of $15.2 million in revenue in calendar year 2024, 16.6% came from contributions and grants and 2.4% from program service revenue (Form 990, Part VIII).
Is Fremont Area Community Foundation a registered charity?
The IRS lists EIN 38-1443367 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512879349300526 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422979349301767 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349304413 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243139349304214 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143029349301049 · read the filing
- 2019: Form 990 for calendar year 2019 (amended), object 202023219349314412 · read the filing
All filings for EIN 38-1443367: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.