Flint And Genesee Chamber Foundation
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 01/1976
- Data as of
- 12/2022
- EIN
- 23-7420247
Organization Overview
Flint And Genesee Chamber Foundation is located in Flint, MI. The organization was established in 1976. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flint And Genesee Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Flint And Genesee Chamber Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 25.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Flint And Genesee Chamber Foundation has awarded 990 individual grants totaling $12,321,479. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GENESEE CHAMBER FOUNDATION'S PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES AND FOR PUBLIC WELFARE OF GENESEE COUNTY, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLINT PROMISE: FLINT PROMISE IS A COMMITMENT TO THE CITY'S YOUTH AND AN INVESTMENT IN THEIR FUTURE.
CTA, REGIONAL LEADERSHIP STUDY, FLINT PUBLICATION, AND FLINT PROMISE.
SUMMER YOUTH INITIATIVE THE SUMMER YOUTH INITIATIVE FUNDED VARIOUS NON-PROFIT AGENCIES TO EMPLOY GENESEE COUNTY YOUTH, AGES 14-18. IN ADDITION TO THE EMPLOYMENT, THE YOUTH RECEIVED EMPLOYABILITY TRAINING AND LEADERSHIP DEVELOPMENT.
ECONOMIC DEVELOPMENT: TO PROMOTE AND DEVELOP ECONOMIC GROWTH IN THE CITY OF FLINT AND THROUGHOUT GENESEE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hurand Past Chair | OfficerTrustee | 1 | $0 |
Leanne Panduren Chair | OfficerTrustee | 1 | $0 |
Joe Serra Secretary | OfficerTrustee | 1 | $0 |
Tom Shade Treasurer | OfficerTrustee | 1 | $0 |
Jane Worthing Rlc Chair/ch | OfficerTrustee | 1 | $0 |
Douglas Glazier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,102,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,102,586 |
| Total Program Service Revenue | $0 |
| Investment income | $206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,108,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,486 |
| Advertising and promotion | $58,721 |
| Office expenses | $116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,280,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,500 |
| Savings and temporary cash investments | $1,144,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $534,864 |
| Total assets | $1,803,750 |
| Accounts payable and accrued expenses | $312,266 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,012 |
| Total liabilities | $342,278 |
| Net assets without donor restrictions | $523,955 |
| Net assets with donor restrictions | $937,517 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,803,750 |
Grants Awarded
Over the last fiscal year, Flint And Genesee Chamber Foundation has awarded $4,537,122 in support to 304 organizations.
| Grant Recipient | Amount |
|---|---|
CORRINE ADAMS DBA ABIDING IN THE VI PURPOSE: MSF SURVIVAL | $15,000 |
SJAF INCORPORATED DBA ACHATZ CATERI PURPOSE: MSF SURVIVAL | $15,000 |
A & B MALAJ INC DBA PINE HOUSE KITC PURPOSE: MSF SURVIVAL | $15,000 |
A&G RESTAURANT DBA SAM'S CONEY ISLA PURPOSE: MSF SURVIVAL | $15,000 |
A&D CAPITAL LLC DBA ALEXANDER'S PRE PURPOSE: MSF SURVIVAL | $15,000 |
MIDAR INC DBA AJ RACERS SPORTS BAR PURPOSE: MSF SURVIVAL | $15,000 |