Michigan First Foundation Inc
- Assets
- $30.7k
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lathrup Village, MI
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-2487933
Organization Overview
Michigan First Foundation Inc is located in Lathrup Village, MI. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan First Foundation Inc 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 12/2023, Michigan First Foundation Inc generated $221.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $203.4k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 5 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, Michigan First Foundation Inc has awarded 333 individual grants totaling $596,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED 63 COMMUNITY AGENCIES AND ORGANIZATIONS
PROVIDED 20 STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Borowy President | 1 | $0 | |
Janet Barden Treasuruer | 1 | $0 | |
Delonaka Edwards Secretary | 1 | $0 | |
Deirdre Scott Director | 1 | $0 | |
Linda Height Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $221,160 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $221,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,410 |
| Total operating and administrative expenses | $32,410 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $203,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,718 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,718 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michigan First Foundation Inc has awarded $171,000 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
U OF MICH ANN ARBOR & DIALA AJAERO PURPOSE: EDUCATIONAL SCHOLARSHIPS | $3,000 |
MORGAN STATE UNIV & RILEY GRACE DAVIDSON PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,500 |
LIFE UNIVERSITY & BRITTANY LAVONNA DAVIS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $6,000 |
HOWARD UNIVERSITY & LENAH ALGHALI PURPOSE: EDUCATIONAL SCHOLARSHIPS | $4,000 |
CHAPMAN UNIVERSITY & NICOLE PASTO PURPOSE: EDUCATIONAL SCHOLARSHIPS | $2,000 |
HOWARD UNIVERSITY & CHRISTIAN EVAN OWENS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,500 |