Council Of Michigan Foundations Inc
- Assets
- $40.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Detroit, MI
- Founding
- 06/1976
- Data as of
- 03/2022
- EIN
- 38-6263347
Organization Overview
Council Of Michigan Foundations Inc is located in Detroit, MI. The organization was established in 1976. As of 03/2023, Council Of Michigan Foundations Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Michigan Foundations Inc 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 03/2022, Council Of Michigan Foundations Inc generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $7.8m during the year ending 03/2022. While expenses have increased by 6.0% 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, Council Of Michigan Foundations Inc has awarded 122 individual grants totaling $9,189,119. 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 LEAD, STRENGTHEN AND SUPPORT MICHIGAN'S COMMUNITY OF PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A MEMBERSHIP ASSOCIATION OF FOUNDATIONS & CORPORATE GIVING PROGRAMS, CMF PROVIDES RESOURCES TO MEMBERS THROUGH ITS WEBSITE, SEMINARS, CONFERENCES AND PUBLICATIONS. CMF IS ACTIVELY INVOLVED IN ADVOCACY ON BEHALF OF FOUNDATIONS & CORPORATE GIVING PROGRAMS REGARDING LEGISLATIVE & REGULATORY ISSUES THAT AFFECT CHARITABLE GIVING & THE NONPROFIT SECTOR.
CMF HAS AN OFFICE IN LANSING THAT WORKS DIRECTLY WITH THE GOVERNOR OF MICHIGAN. THE OFFICE OF FOUNDATION LIAISON WAS ESTABLISHED IN 2003 TO MANAGE STRATEGIC PARTNERSHIPS BETWEEN FOUNDATIONS AND STATE GOVERNMENT TO IMPROVE THE LIVES OF MICHIGAN CITIZENS. FUNDED BY FOUNDATIONS, THE OFFICE OF THREE STAFF IS LOCATED IN LANSING WITH DIRECT ACCESS TO THE GOVERNOR.
LAUNCH MICHIGAN IS A BI-PARTISAN, MULTI-SECTOR ORGANIZATION FORMED FOR THE PURPOSE OF IMPROVING EDUCATIONAL OUTCOMES FOR EVERY STUDENT AND EVERY SCHOOL IN THE STATE OF MICHIGAN. CMF WAS THE FISCAL SPONSOR OF LAUNCH MICHIGAN. IN LATE 2022, LAUNCH MICHIGAN BECAME ITS OWN 501 (C)(3) ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Caldwell President/ceo | OfficerTrustee | 45 | $272,607 |
Adam Zemke Launch Michigan Executive Director | 45 | $190,585 | |
Regina Bell Chief Policy Officer | 45 | $186,349 | |
Randy Van Antwerp Cfo/coo | Officer | 45 | $171,365 |
Bridget Mcguiggan Chief Strategy Officer | 45 | $151,697 | |
William Corkill Senior Director Of It | 45 | $150,047 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amway Grand Plaza Annual Conference Support | 3/30/23 | $203,680 |
Arabella Advisors Consulting Services | 3/30/23 | $225,000 |
Citizens Research Council Of Michigan Research Services | 3/30/23 | $200,000 |
Public Policy Associates Project Management Services | 3/30/23 | $164,877 |
United Philanthropy Forum Consulting Services | 3/30/23 | $136,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $464,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,786,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,251,048 |
| Total Program Service Revenue | $1,866,140 |
| Investment income | $346,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,716,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,856,505 |
| 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. | $537,034 |
| Compensation of current officers, directors, key employees. | $118,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,515,102 |
| Pension plan accruals and contributions | $240,590 |
| Other employee benefits | $261,497 |
| Payroll taxes | $196,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,670 |
| Fees for services: Accounting | $15,400 |
| Fees for services: Lobbying | $70,190 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,166 |
| Fees for services: Other | $1,161,757 |
| Advertising and promotion | $0 |
| Office expenses | $27,595 |
| Information technology | $87,227 |
| Royalties | $0 |
| Occupancy | $54,112 |
| Travel | $64,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $326,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,744 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,768,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,075,933 |
| Savings and temporary cash investments | $1,628,153 |
| Pledges and grants receivable | $2,277,119 |
| 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 | $180,392 |
| Net Land, buildings, and equipment | $91,672 |
| Investments—publicly traded securities | $31,192,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,445,631 |
| Accounts payable and accrued expenses | $240,270 |
| Grants payable | $225,000 |
| Deferred revenue | $1,204,850 |
| 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 | $101,880 |
| Total liabilities | $1,772,000 |
| Net assets without donor restrictions | $16,781,799 |
| Net assets with donor restrictions | $21,891,832 |
| 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 | $40,445,631 |
Grants Awarded
Over the last fiscal year, Council Of Michigan Foundations Inc has awarded $1,170,799 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES STEWART MOTT FOUNDATION PURPOSE: OFFICE OF THE FOUNDATION LIAISON SUPPORT | $158,000 |
ANN ARBOR AREA COMMUNITY FOUNDATION PURPOSE: STATE EQUITY FUND PILOT GRANT AND OTHER | $102,250 |
COMMUNITY FOUNDATION MARQUETTE COUNTY PURPOSE: STATE EQUITY FUND INNOVATION GRANT AND OTHER | $162,000 |
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: STATE EQUITY FUND PILOT GRANT | $100,000 |
CHIPPEWA COUNTY COMMUNITY FOUNDATION PURPOSE: CCCF FUNDING REQUEST | $6,400 |
DICKINSON AREA COMMUNITY FOUNDATION PURPOSE: DICKINSON COUNTY CF ENDOWMENT | $10,000 |