Community Foundation For Southeast Michigan is located in Detroit, MI. The organization was established in 1984. 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 12/2023, Community Foundation For Southeast Michigan employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Southeast Michigan 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, Community Foundation For Southeast Michigan generated $128.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $117.2m during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 4 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, Community Foundation For Southeast Michigan has awarded 5,010 individual grants totaling $321,046,736. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN SOUTHEAST MICHIGAN. WE PROMOTE AND FACILITATE PERMANENT POSITIVE CHANGE THROUGH THOUGHTFUL PHILANTHROPY, AND WE HELP DONORS INVEST IN ORGANIZATIONS THEY CARE ABOUT NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COLLABORATION OF FOUNDATIONS LAUNCHED THE NEW ECONOMY INITIATIVE (NEI) AT THE COMMUNITY FOUNDATION IN 2007. NEI IS WORKING TO DIVERSIFY THE REGIONAL ECONOMY OF SOUTHEAST MICHIGAN AND STIMULATE ENTREPRENEURIAL DEVELOPMENT. IN 2023, NEI FUNDED GRANTS AND OTHER IMPORTANT WORK TOTALING APPROXIMATELY $6.9 MILLION. NEI PRIMARILY CONCENTRATES ON BUILDING A NETWORK OF SUPPORT FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS. NEI'S GRANTS SUPPORT NONPROFIT SERVICE PROVIDERS WHO PROVIDE TECHNICAL ASSISTANCE, SUCH AS BUSINESS PLANNING AND CONCEPT-TESTING, AND THOSE WHO PROVIDE CAPITAL AND OTHER RESOURCES. IN ADDITION, NEI PROVIDES SUPPORT TO HELP THESE NETWORKS OF SERVICE PROVIDERS CONNECT BETTER TO EACH OTHER AND THE PEOPLE THEY SERVE. NEI'S WORK IS FOCUSED ON BUILDING A RESILIENT AND EQUITABLE ECONOMY BY INCREASING GROWTH AND SCALABILITY AMONG SMALL BUSINESSES IN UNDERSERVED COMMUNITIES THAT WILL CREATE JOBS AND GENERATE WEALTH FOR RESIDENTS.
THROUGH ITS GRANTMAKING, THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN SEEKS TO BUILD A STRONGER, MORE COMPETITIVE REGION BY ENCOURAGING REGIONAL THINKING AND COOPERATION, FOSTERING INNOVATION AND CREATIVE SOLUTIONS, AND LEVERAGING ADDITIONAL RESOURCES FOR AREA ORGANIZATIONS AND COMMUNITIES. SCHEDULE I LISTS ORGANIZATIONS SUPPORTED AND GRANTS AWARDED IN 2023.
THE MICHIGAN JUSTICE FUND (MJF) IS A FUNDERS' COLLABORATIVE THAT MAKES INVESTMENTS TO STEM THE FLOW OF INDIVIDUALS INTO THE CRIMINAL JUSTICE SYSTEM, SUPPORT THE INVESTMENT OF PUBLIC DOLLARS TO COMMUNITY-DRIVEN ALTERNATIVES TO INCARCERATION, AND ENSURE THAT THOSE WHO ARE RETURNING HOME AFTER INCARCERATION RECEIVE THE SUPPORT THEY NEED TO FLOURISH. THE MICHIGAN JUSTICE FUND IS COMPRISED OF MICHIGAN-BASED AND NATIONAL FUNDERS DEDICATED TO ADVANCING JUSTICE REFORM AND THE ECONOMIC MOBILITY OF INDIVIDUALS WITH CRIMINAL CONVICTIONS IN MICHIGAN. IN 2023, MJF FUNDED $2.6MM IN GRANTS TO NONPROFIT ORGANIZATIONS THAT SUPPORT JUSTICE REFORM.
THE MICHIGAN OPIOID PARTNERSHIP IS A PUBLIC-PRIVATE COLLABORATIVE INCLUDING THE STATE OF MICHIGAN AND KEY PHILANTHROPIC ORGANIZATIONS WHO SHARE THE GOAL OF DECREASING MICHIGAN OPIOID OVERDOSES AND DEATHS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David M Hempstead Trustee | OfficerTrustee | 1 | $0 |
David T Provost Chair(beg 7/23)/vice Chair(end 7/23) | OfficerTrustee | 1 | $0 |
Jack Martin Treasurer | OfficerTrustee | 1 | $0 |
James B Nicholson Chair (end 06/23)/trustee | OfficerTrustee | 1.5 | $0 |
Mary H Weiser Vice Chair (beg 07/23)/secretary | OfficerTrustee | 1 | $0 |
Penny B Blumenstein Vice Chair | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Plative Inc Consultant | 12/30/23 | $1,681,318 |
Trive Capital Investment Manager | 12/30/23 | $1,286,098 |
Vance St Capital Investment Manager | 12/30/23 | $701,025 |
Ecosystem Software Usa Llc Consultant | 12/30/23 | $620,000 |
Harbourvest Investment Manager | 12/30/23 | $455,645 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $115,415 |
Government grants | $2,234,453 |
All other contributions, gifts, grants, and similar amounts not included above | $98,862,176 |
Noncash contributions included in lines 1a–1f | $8,447,062 |
Total Revenue from Contributions, Gifts, Grants & Similar | $101,212,044 |
Total Program Service Revenue | $1,071,086 |
Investment income | $21,305,799 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $4,588,047 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $128,173,574 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $95,386,578 |
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. | $3,097,686 |
Compensation of current officers, directors, key employees. | $1,827,635 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,610,373 |
Pension plan accruals and contributions | $447,714 |
Other employee benefits | $759,489 |
Payroll taxes | $453,401 |
Fees for services: Management | $0 |
Fees for services: Legal | $52,912 |
Fees for services: Accounting | $283,890 |
Fees for services: Lobbying | $18,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,442,569 |
Fees for services: Other | $3,314,793 |
Advertising and promotion | $54,756 |
Office expenses | $339,960 |
Information technology | $2,397,996 |
Royalties | $0 |
Occupancy | $535,800 |
Travel | $101,875 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $493,453 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $134,213 |
All other expenses | $0 |
Total functional expenses | $117,230,287 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $53,882,702 |
Savings and temporary cash investments | $39,190,098 |
Pledges and grants receivable | $85,712,216 |
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 | $323,636,511 |
Investments—other securities | $636,755,832 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,308,912 |
Total assets | $1,142,486,271 |
Accounts payable and accrued expenses | $711,314 |
Grants payable | $11,115,167 |
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 | $11,950,853 |
Total liabilities | $23,777,334 |
Net assets without donor restrictions | $1,007,728,195 |
Net assets with donor restrictions | $110,980,742 |
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 | $1,142,486,271 |
Over the last fiscal year, Community Foundation For Southeast Michigan has awarded $93,333,019 in support to 964 organizations.
Grant Recipient | Amount |
---|---|
4WORD PURPOSE: HUMAN SERVICES | $17,500 |
ADRIAN COLLEGE PURPOSE: EDUCATION | $6,070 |
ADVANCING MACOMB FOUNDATION PURPOSE: RECREATION & SPORTS | $15,247 |
AGUDATH ISRAEL OF AMERICA PURPOSE: RELIGION-RELATED | $25,000 |
ALEXIAN BROTHERS HEALTH SYSTEM PURPOSE: HEALTH CARE | $10,000 |
ALL WELL-BEING SERVICES PURPOSE: HUMAN SERVICES | $9,148 |