Community Foundation Of Greater Flint
- Assets
- $216.7m
- Revenue
- $32.9m
- Investments
- $149.4m
- Employees
- 24
- Location
- Flint, MI
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 38-2190667
Organization Overview
Community Foundation Of Greater Flint is located in Flint, MI. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Community Foundation Of Greater Flint employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Flint 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, Community Foundation Of Greater Flint generated $32.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $12.7m during the year ending 12/2022. While expenses have increased by 8.0% 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 2015, Community Foundation Of Greater Flint has awarded 923 individual grants totaling $59,630,692. 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 Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS GRANTMAKING TO CHARITABLE ORGANIZATIONS, DEVELOPMENT OF ENDOWMENT, AND COMMUNITY LEADERSHIP ACTIVITIES.
Describe the Organization's Program Activity:
THE ORGANIZATION RECEIVES GIFTS FROM INDIVIDUALS, FOUNDATIONS, AND ORGANIZATIONS AND PLACES THEM INTO INDIVIDUAL FUNDS THAT MATCH THE GIVING PRIORITIES OF THE DONORS. THE MAJORITY OF THE GIFTS ARE ENDOWMENT GIFTS WHICH ARE PRESERVED INTO PERPETUITY, WITH A PORTION OF THE CUMULATIVE NET APPRECIATION RETURNED TO THE COMMUNITY THROUGH GRANTS TO AREA NOT-FOR-PROFIT ORGANIZATIONS. THE ORGANIZATION'S CURRENT PRIORITIES INCLUDE: STRENGTHENING DONOR SERVICES IN ORDER TO MORE EFFECTIVELY BUILD THE COMMUNITY'S ENDOWMENT; MAKING GRANTS CONSISTENT WITH DONOR INTENT, AND IN THE CASE OF UNRESTRICTED GRANTMAKING, SUPPORTING COMMUNITY REVITALIZATION EFFORTS AND BUILDING THE CAPACITY OF LOCAL NOT-FOR-PROFIT ORGANIZATIONS; AND EXERCISING COMMUNITY LEADERSHIP BY ASSISTING EFFORTS RELATED TO ECONOMIC DIVERSIFICATION, CIVIC ENGAGEMENT, AND DEVELOPING A STRONGER SENSE OF REGIONALISM. IN EVERYTHING THE ORGANIZATION ACCOMPLISHES AND SUPPORTS, IT SEEKS TO CREATE A MORE COHESIVE AND VITAL SENSE OF COMMUNITY THROUGHOUT GENESEE COUNTY. IN 2022, THE ORGANIZATION PROVIDED GRANTS TO 328 DIFFERENT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashika Gupta Trustee | Trustee | 1 | $0 |
Carma Lewis Trustee | Trustee | 1 | $0 |
Carol Hurand Trustee | Trustee | 1 | $0 |
Chris Graff Treasurer | OfficerTrustee | 1 | $0 |
Dawn Hiller Trustee | Trustee | 1 | $0 |
Deandra Larkin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc Investment Consultant | 12/30/22 | $147,863 |
Stellar Technology Solutions Llc Techology Services | 12/30/22 | $114,605 |
Maria Montoya Independent Consultant | 12/30/22 | $104,000 |
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 | $27,296,923 |
| Noncash contributions included in lines 1a–1f | $75,696 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,296,923 |
| Total Program Service Revenue | $52,545 |
| Investment income | $2,922,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,618,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,890,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,276,665 |
| 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. | $447,993 |
| Compensation of current officers, directors, key employees. | $211,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,643,037 |
| Pension plan accruals and contributions | $76,201 |
| Other employee benefits | $203,027 |
| Payroll taxes | $144,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,588 |
| Fees for services: Accounting | $55,481 |
| Fees for services: Lobbying | $33,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $165,907 |
| Fees for services: Other | $1,430,037 |
| Advertising and promotion | $86,186 |
| Office expenses | $130,347 |
| Information technology | $182,089 |
| Royalties | $0 |
| Occupancy | $150,286 |
| Travel | $73,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,906 |
| Insurance | $21,481 |
| All other expenses | $54,844 |
| Total functional expenses | $12,741,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,466,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $739,458 |
| Accounts receivable, net | $90,608 |
| 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 | $59,397 |
| Net Land, buildings, and equipment | $130,314 |
| Investments—publicly traded securities | $64,798,208 |
| Investments—other securities | $149,414,589 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,698,985 |
| Accounts payable and accrued expenses | $518,780 |
| Grants payable | $89,848 |
| 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 | $72,318 |
| Total liabilities | $680,946 |
| Net assets without donor restrictions | $21,905,505 |
| Net assets with donor restrictions | $194,112,534 |
| 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 | $216,698,985 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Flint has awarded $6,915,818 in support to 159 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A PET INC PURPOSE: PROGRAM AND/OR OPERATIONAL SUPPORT | $10,441 |
513 RECOVERY CLUBHOUSE PURPOSE: PROGRAM AND/OR OPERATIONAL SUPPORT | $10,000 |
AQUINAS COLLEGE PURPOSE: PROGRAM, SCHOLARSHIP, AND/OR OPERATIONAL SUPPORT | $7,500 |
ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SERVICES PURPOSE: PROGRAM AND/OR OPERATIONAL SUPPORT | $10,000 |
AMERICAN RED CROSS EAST CENTRAL BAY CHAPTER PURPOSE: PROGRAM AND/OR OPERATIONAL SUPPORT | $10,729 |
ARAB AMERICAN HERITAGE COUNCIL PURPOSE: PROGRAM AND/OR OPERATIONAL SUPPORT | $22,500 |