Charles Stewart Mott Foundation
- Assets
- $3.7b
- Revenue
- $109.6m
- Investments
- $3.5b
- Employees
- 0
- Location
- Flint, MI
- Founding
- 05/1933
- Data as of
- 12/2022
- EIN
- 38-1211227
Organization Overview
Charles Stewart Mott Foundation is located in Flint, MI. The organization was established in 1933. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles Stewart Mott 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, Charles Stewart Mott Foundation generated $109.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $221.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles Stewart Mott Foundation has awarded 11,906 individual grants totaling $1,447,667,956. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MIZZEN BY MOTT IS AN EDUCATION TECHNOLOGY ORGANIZATION FOUNDED AS A DIRECT CHARITABLE ACTIVITY OF THE CHARLES STEWART MOTT FOUNDATION AND ITS AFFILIATED ENTITY, MOTT AFTERSCHOOL APP LLC, AS A PROJECT OF THE ADVANCING AFTERSCHOOL INITIATIVE. IT IS DEDICATED TO CREATING HIGH-QUALITY AND ENGAGING AFTERSCHOOL LEARNING EXPERIENCES FOR YOUTH IN GRADES K-12. MIZZEN'S FREE DIGITAL LIBRARY OF LESSON PLANS AND TEACHING RESOURCES OFFERS EDUCATORS, MENTORS, COACHES, AND FACILITATORS WITH A GROWING COLLECTION OF CURRICULA AND ACTIVITIES THAT SPARK CURIOSITY, JOY, AND A LOVE OF LEARNING IN YOUTH. ADDITIONALLY, MIZZEN OFFERS PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT PREPARE AFTERSCHOOL EDUCATORS TO TEACH EFFECTIVELY.
AFTERSCHOOL TECHNICAL ASSISTANCE COLLABORATIVE AND STATEWIDE AFTERSCHOOL NETWORKS. THIS DIRECT CHARITABLE ACTIVITY (DCA) HELPED TO FURTHER THE FOUNDATION'S EFFORTS TO PROVIDE TECHNICAL ASSISTANCE TO THE STATEWIDE AFTERSCHOOL NETWORKS. THROUGH THIS DCA, THE FOUNDATION COMMISSIONED A CONSULTANT TO: 1) FACILITATE THE COORDINATION OF THE AFTERSCHOOL TECHNICAL ASSISTANCE COLLABORATIVE; 2) WORK WITH FOWLERHOFFMAN AND THE FOUNDATION TO SUPPORT THE USE AND IMPLEMENTATION OF THE NETWORK SELF-ASSESSMENT TOOL AND LEARNING RECOVERY STRATEGIES; 3) MONITOR AND TRACK THE CHALLENGES AND ACCOMPLISHMENTS OF THE STATEWIDE AFTERSCHOOL NETWORKS; AND 4) PROVIDE DIRECT TECHNICAL ASSISTANCE TO THE STATEWIDE AFTERSCHOOL NETWORKS.
THE OFFICE OF FOUNDATION LIAISON (OFL) WAS ESTABLISHED IN 2003 AT THE SUGGESTION OF MICHIGAN PHILANTHROPIC LEADERS. THE OFFICE HELPS DEVELOP STRATEGIC PARTNERSHIPS BETWEEN THE STATE OF MICHIGAN AND FOUNDATIONS IN ORDER TO CREATE BETTER OUTCOMES FOR MICHIGAN CITIZENS WITHIN A COMMONLY DEFINED SET OF AGENDAS. OFL HAS RECEIVED FUNDING FROM 22 MICHIGAN FOUNDATIONS AS WELL AS IN-KIND SUPPORT FROM THE STATE GOVERNMENT. ITS GOALS ARE TO: 1) PROMOTE MUTUAL UNDERSTANDING AND COLLABORATION BETWEEN STATE GOVERNMENT AND FOUNDATIONS AND TO IDENTIFY STRATEGIC OPPORTUNITIES FOR PARTNERING; 2) SERVE AS A TRUSTED SOURCE OF DATA, INFORMATION AND DIALOGUE ABOUT PROGRAMS, POLICY IMPACTS AND POLICY IMPLEMENTATION OPTIONS; AND 3) FACILITATE STRATEGIC JOINT INVESTMENTS THAT WILL IMPROVE OUTCOMES FOR MICHIGAN AND ITS RESIDENTS. SINCE ITS INCEPTION, OFL HAS SECURED MORE THAN $150 MILLION IN FOUNDATION/GOVERNMENT PARTNERSHIPS.
TECHNICAL ASSISTANCE COMMUNITY FOUNDATION DEVELOPMENT IN LATIN AMERICA. THIS DIRECT CHARITABLE ACTIVITY (DCA) HELPED TO FURTHER THE FOUNDATION'S EFFORTS TO SUPPORT THE EMERGENCE AND STRENGTHENING OF COMMUNITY FOUNDATIONS IN ARGENTINA, BRAZIL, CHILE, COLOMBIA, COSTA RICA, PERU AND SPAIN. THROUGH THIS DCA, THE FOUNDATION COMMISSIONED A CONSULTANT THAT PROVIDED COMMUNITY FOUNDATION SUPPORT ORGANIZATIONS, EMERGING COMMUNITY FOUNDATIONS, AND INITIATIVE GROUPS WITH VIRTUAL COACHING SESSIONS, WEBINARS, SITE VISITS, WORKSHOPS, AND REVIEWS OF ORGANIZATIONAL PLANS AND INFORMATION MATERIALS. THE CONSULTANT ALSO ATTENDED VARIOUS RELEVANT EVENTS AND HELD MEETINGS WITH POTENTIAL INVESTORS AND OTHER INTERESTED STAKEHOLDERS TO PROMOTE THE CONCEPT OF COMMUNITY FOUNDATIONS IN LATIN AMERICA AND SPAIN AND PROVIDED YEAR-END FEEDBACK REPORTS TO COMMUNITY FOUNDATION SUPPORT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee - Vice Chairman | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oak Construction Company | 12/30/22 | $884,757 |
Jason Ricci | 12/30/22 | $730,705 |
Lurvey Construction | 12/30/22 | $628,399 |
Lsv Asset Management | 12/30/22 | $563,239 |
Focused Investors Llc | 12/30/22 | $465,959 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $177,555 |
| Dividends & Interest | $25,486,087 |
| Net Rental Income | -$1,822,242 |
| Net Gain on Sale of Assets | -$24,490,262 |
| Capital Gain Net Income | $40,187,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,613,073 |
| Total Revenue | $109,597,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,835,222 |
| Other employee salaries and wages | $10,229,812 |
| Pension plans, employee benefits | $8,161,704 |
| Interest | $6,958 |
| Taxes | $7,749,889 |
| Depreciation | $172,700 |
| Occupancy | $1,498,105 |
| Travel, conferences, and meetings | $596,808 |
| Printing and publications | $194,178 |
| Other expenses | $1,872,278 |
| Total operating and administrative expenses | $39,329,381 |
| Contributions, gifts, grants paid | $182,358,453 |
| Total expenses and disbursements | $221,687,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,001 |
| Savings and temporary cash investments | $136,437,301 |
| Net Accounts receivable | $86,200 |
| 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 | $350,425 |
| Net Investments - land, buildings, equipment | $6,381,757 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,548,740,756 |
| Net Land, buildings, and equipment | $6,252,420 |
| Other assets | $2,205,899 |
| Total assets | $3,663,290,955 |
| Accounts payable and accrued expenses | $2,835,524 |
| Grants payable | $20,905,417 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $45,155,770 |
| Total liabilities | $68,896,711 |
Grants Awarded
Over the last fiscal year, Charles Stewart Mott Foundation has awarded $211,988,619 in support to 1,214 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: TO SHIFT DEVELOPMENT FINANCE AWAY FROM FOSSIL FUEL EXPLOITATION AND EXPANSION AS PART OF A JUST ENERGY TRANSITION FOR STABILIZING THE CLIMATE. | $80,000 |
ACADEMY FOR THE DEVELOPMENT OF PHILANTHROPY IN POLAND PURPOSE: TO SUPPORT THE DEVELOPMENT OF COMMUNITY FOUNDATIONS IN EUROPE AND INCREASE THEIR CONTRIBUTION TO THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS. | $1,045,000 |
4 RANGES COMMUNITY RECREATION FOUNDATION PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $75,000 |
ACCESS NOW INC PURPOSE: TO INCREASE THE AWARENESS, UNDERSTANDING, AND ENGAGEMENT OF THE NONPROFIT AND PHILANTHROPIC SECTOR WITH RESPECT TO DIGITAL POLICIES AND PRACTICES THAT IMPACT THE SPACE FOR CIVIC ENGAGEMENT. | $315,000 |
ACCOUNTABILITY COUNSEL PURPOSE: TO ADVOCATE FOR PEOPLE HARMED BY INTERNATIONALLY FINANCED INFRASTRUCTURE AND ENERGY PROJECTS, AMPLIFYING THE VOICES OF COMMUNITIES AROUND THE WORLD TO PROTECT THEIR HUMAN RIGHTS AND ENVIRONMENT. | $50,000 |
ACTIVE BOYS IN CHRIST PURPOSE: TO SUPPORT YOUTH DEVELOPMENT THROUGH INTRODUCTION TO SKILLED TRADES AND CHARACTER PROGRAMMING. | $80,000 |