Grosse Pointe Chamber Foundation
- Assets
- $502.7k
- Revenue
- $365.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-1616110
Organization Overview
Grosse Pointe Chamber Foundation is located in Grosse Pointe Farms, MI. The organization was established in 2008. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe 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 12/2021, Grosse Pointe Chamber Foundation generated $365.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $315.7k during the year ending 12/2021. While expenses have increased by 25.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND DISBURSE CHARITABLE CONTRIBUTIONS FOR THE PROMOTION OF COMMERCE, EDUCATION, ECONOMIC GROWTH, EVENTS AND ACTIVITIES FOR THE FIVE GROSSE POINTE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE AND DISBURSE CHARITABLE CONTRIBUTIONS FOR THE PROMOTION OFCOMMERCE, EDUCATION,ECONOMIC GROWTH, EVENTS AND ACTIVITIES FOR THEFIVE GROSSE POINTE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Greenfelder Treasurer | OfficerTrustee | 8 | $0 |
Derrick Kozicki Secretary | OfficerTrustee | 1 | $0 |
Jennifer Boettcher President | OfficerTrustee | 40 | $0 |
Allan Lowenthal Vice Chair | OfficerTrustee | 2 | $0 |
Jody Ingle Chairman | OfficerTrustee | 5 | $0 |
John Rutherford Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $323,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,698 |
| Total Program Service Revenue | $0 |
| Investment income | $22,278 |
| 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 | $364,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,998 |
| Grants and other assistance to domestic individuals. | $2,020 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $0 |
| Office expenses | $286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $51,096 |
| Total functional expenses | $315,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,819 |
| Savings and temporary cash investments | $45,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $245,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $502,685 |
| Accounts payable and accrued expenses | $748 |
| 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 | $0 |
| Total liabilities | $748 |
| Net assets without donor restrictions | $351,937 |
| Net assets with donor restrictions | $150,000 |
| 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 | $502,685 |
Grants Awarded
Over the last fiscal year, Grosse Pointe Chamber Foundation has awarded $52,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Grosse Pointe Farms, MI PURPOSE: COMMUNITY PROGRAMS | $30,000 |
Royal Oak, MI PURPOSE: COMMUNITY PROGRAMS | $22,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grosse Pointe Chamber Foundation has recieved totaling $14,302.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: SPORTS BASED RECREATIONAL SPACES WITHIN ANY OF THE FIVE LAKEFRONT PARKS | $7,002 |
Lynn & Paul Alandt Foundation Detroit, MI PURPOSE: PROGRAM SERVICES | $5,000 |
Stonisch Foundation Grosse Pointe Woods, MI PURPOSE: OPERATIONS FUNDING | $2,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Milwaukee Development Corporation Milwaukee, WI | $4,444,230 | $23,219,043 |
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Genesee Area Focus Fund Inc Flint, MI | $3,053,813 | $7,388,265 |
Encourage Bc Battle Creek, MI | $929,727 | $1,806,363 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |
Fiscal Sponsorship Allies Inc Indianapolis, IN | $762,742 | $2,068,293 |
Right Place Foundation Grand Rapids, MI | $1,899,566 | $1,296,715 |
Association Of Equipment Management Professionals Inc Middleton, WI | $87,248 | $1,345,748 |
Ohio Pork Council New Albany, OH | $2,529,785 | $1,652,102 |