Michigan State Chamber Foundation
- Assets
- $207.9k
- Revenue
- $548.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 38-2647323
Organization Overview
Michigan State Chamber Foundation is located in Lansing, MI. The organization was established in 1986. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan State Chamber 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, Michigan State Chamber Foundation generated $548.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $406.9k during the year ending 06/2022. While expenses have increased by 9.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ACCESS TO INFORMATION & NONPARTISAN EDUCATIONAL PROGRAMS FOR THE BUSINESS COMMUNITY OF MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN CHAMBER FOUNDATION (THE "FOUNDATION") PROVIDES ACCESS TO INFORMATION AND NONPARTISAN EDUCATIONAL PROGRAMS FOR THE BUSINESS COMMUNITY OF MICHIGAN THROUGH PROGRAMS AND EVENTS.CHAMBER DAY AT THE CAPITOL: AN ANNUAL EVENT TO CONVENE CHAMBERS OF COMMERCE STAFF AND VOLUNTEERS AND PROVIDE EDUCATION ON ISSUES OF MUTUAL INTEREST.DIVERSITY, EQUITY, AND INCLUSION SERIES: A SERIES OF EVENTS TO HELP EMPLOYERS NAVIGATE AND MODEL BEST PRACTICES FOR AN INCLUSIVE WORKPLACE.SUSTAINABILITY SUMMIT: AN ANNUAL EVENT TO CONNECT BUSINESS LEADERS WITH STRATEGIES AND INSIGHTS ON KEY ENVIRONMENTAL SUSTAINABILITY ISSUES.ECONOMIC WORKFORCE SUMMIT: AN ANNUAL EVENT FOR BUSINESS LEADERS TO FORECAST KEY ECONOMIC, BUSINESS AND WORKFORCE TRENDS.MICHIGAN ATHENA SERIES: AN ANNUAL SERIES OF EVENTS TO CONNECT WOMEN BUSINESS LEADERS AND PROVIDE LEARNING OPPORTUNITIES TO SUPPORT WOMEN IN LEADERSHIP.TRAINING & EDUCATION: A MONTHLY SERIES OF EDUCATION EVENTS TO CONNECT BUSINESS LEADERS WITH TIMELY INFORMATION TO MEET REGULATORY AND LEGAL REQUIREMENTS.MICHIGAN ENERGY WORKFORCE DEVELOPMENT CONSORTIUM: AN INDUSTRY-LED PARTNERSHIP TO ADDRESS CURRENT AND FUTURE WORKFORCE ISSUES AFFECTING MICHIGAN'S ENERGY WORKFORCE INCLUDING EFFORTS TO GROW AND DIVERSIFY CAREER OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard K Studley President (ended 12/21) | OfficerTrustee | 10 | $0 |
James Holcomb President (began 1/22) | OfficerTrustee | 10 | $0 |
Brenda Rowley Chair | OfficerTrustee | 0.1 | $0 |
Eric Eishen Treasurer | OfficerTrustee | 0.2 | $0 |
Mike Puerner Director | Trustee | 0.1 | $0 |
Angela Mcbride Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $77,111 |
| Government grants | $156,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,182 |
| Total Program Service Revenue | $47,096 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,372 |
| Fees for services: Accounting | $24,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $799 |
| Office expenses | $2,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $270 |
| Total functional expenses | $406,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $156,922 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,889 |
| Accounts payable and accrued expenses | $28,330 |
| Grants payable | $0 |
| Deferred revenue | $4,385 |
| 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 | $16,118 |
| Total liabilities | $48,833 |
| Net assets without donor restrictions | $149,056 |
| Net assets with donor restrictions | $10,000 |
| 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 | $207,889 |