Detroit Public Schools Foundation
- Assets
- $5.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Detroit, MI
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 30-0135450
Organization Overview
Detroit Public Schools Foundation is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Detroit Public Schools Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Public Schools 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 06/2022, Detroit Public Schools Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 15.9% 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.
Since 2016, Detroit Public Schools Foundation has awarded 38 individual grants totaling $18,879,830. 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
TO CREATE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT STUDENTS, FAMILIES AND EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DPSF OVERSEES 18MM IN FUNDING TO PROVIDE RESOURCES AND WRAPAROUND SUPPORTIVE SERVICES TO FAMILIES, ACADEMIC ENRICHMENT AND CAREER AND COLLEGE-READY PREPAREDNESS TO STUDENTS, AND TRAINING AND DEVELOPMENT PROGRAMS TO TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela J Moore President/ceo | Officer | 40 | $156,858 |
Elizabeth Correa Board Chair | OfficerTrustee | 2 | $0 |
Joyce Hayes Giles Member | Trustee | 1 | $0 |
Elliott S Hall Member | Trustee | 1 | $0 |
Rian Barnhill Member | Trustee | 1 | $0 |
Iris A Taylor Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/22 | $168,681 |
Human-i-t Information Technology | 6/29/22 | $599,978 |
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 | $2,779,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,779,793 |
| Total Program Service Revenue | $261,983 |
| Investment income | -$11,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $213,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,244,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,600,518 |
| 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. | $156,858 |
| Compensation of current officers, directors, key employees. | $122,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,867 |
| Information technology | $9,257 |
| Royalties | $0 |
| Occupancy | $77 |
| Travel | $446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,045 |
| All other expenses | $0 |
| Total functional expenses | $3,266,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,964,354 |
| Savings and temporary cash investments | $108,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,715 |
| 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 | $12,416 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,132,449 |
| Accounts payable and accrued expenses | $146,284 |
| Grants payable | $312,346 |
| 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 | $458,630 |
| Net assets without donor restrictions | $555,886 |
| Net assets with donor restrictions | $4,117,933 |
| 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 | $5,132,449 |
Grants Awarded
Over the last fiscal year, Detroit Public Schools Foundation has awarded $10,080,210 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: EDUCATION | $10,042,028 |
DETROIT INSTITUTE OF ARTS PURPOSE: EDUCATION | $5,000 |
JEROME BETTIS BUS STOPS HERE FOUNDATION PURPOSE: EDUCATION | $18,182 |
MICHIGAN STATE UNIVERSITY PURPOSE: EDUCATION | $5,000 |
WOMEN OF TOMORROW MENTORS PURPOSE: EDUCATION | $5,000 |
PEWABIC SOCIETY INC PURPOSE: EDUCATION | $5,000 |