Council Of Michigan Foundations Inc
- Assets
- $40.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 37
- Location
- Grand Rapids, MI
- Founding
- 06/1976
- Data as of
- 03/2022
- EIN
- 38-6263347
Organization Overview
Council Of Michigan Foundations Inc is located in Grand Rapids, MI. The organization was established in 1976. As of 03/2022, Council Of Michigan Foundations Inc employed 37 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 130 individual grants totaling $9,317,962. 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
TO LEAD, STRENGTHEN AND SUPPORT MICHIGAN'S COMMUNITY OF PHILANTHROPY.
Describe the Organization's Program Activity:
AS A MEMBERSHIP ASSOCIATION OF FOUNDATIONS, CMF PROVIDES RESOURCES TO MEMBERS THROUGH ITS WEBSITE, SEMINARS, LEADERSHIP AND PUBLICATIONS. CMF IS ACTIVELY INVOLVED IN ADVOCACY ON BEHALF OF MICHIGAN PHILANTHROPY REGARDING LEGISLATIVE & REGULATORY ISSUES THAT AFFECT CHARITABLE GIVING & THE NONPROFIT SECTOR.
CMF, IN PARTNERSHIP WITH SEVERAL MEMBERS, HAS DEVELOPED A TWO-YEAR FELLOWSHIP PROGRAM TO INTRODUCE RECENT DIVERSE COLLEGE GRADUATES TO THE FIELD OF PHILANTHROPY, WITH THE LONG TERM GOAL OF INCREASING THE DIVERSITY OF FOUNDATION STAFF. UNDER THIS PROGRAM, FELLOWS WORK APPROXIMATELY FOUR DAYS PER WEEK WITH MEMBER FOUNDATIONS AND ONE DAY PER WEEK WITH CMF.
LAUNCHED IN 2016 BY THE W.K. KELLOGG FOUNDATION, TRUTH, RACIAL HEALING & TRANSFORMATION (TRHT) IS A COMPREHENSIVE, NATIONAL AND COMMUNITY-BASED PROCESS TO PLAN FOR AND BRING ABOUT TRANSFORMATIONAL AND SUSTAINABLE CHANGE, AND TO ADDRESS THE HISTORIC AND CONTEMPORARY EFFECTS OF RACISM. IT SEEKS TO UNEARTH AND JETTISON THE DEEPLY HELD, AND OFTEN UNCONSCIOUS, BELIEFS CREATED BY RACISM, THE MAIN ONE BEING THE BELIEF IN A HIERARCHY OF HUMAN VALUE. LED BY CMF, THE PROJECT IN MICHIGAN FOCUSES ON THE COMMUNITIES OF FLINT, LANSING, KALAMAZOO AND BATTLE CREEK.
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 MICHIGAN PHILANTHROPY 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 AND ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Caldwell President/ceo | OfficerTrustee | 45 | $281,863 |
Regina Bell Director Of Government Rel | 45 | $184,958 | |
Adam Zemke Launch Michigan President | 45 | $178,017 | |
Randy Van Antwerp CFO | Officer | 45 | $156,755 |
Bridget Mcguiggan Chief Strategy Officer | 45 | $155,793 | |
William Corkill Senior Vp, It & Membership | 45 | $149,561 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opportunity Labs Foundation Strategic Planning | 3/30/22 | $250,000 |
Destination Consultants Annual Conference Support | 3/30/22 | $137,051 |
Urban Swirski & Associates Lobbying And Advocacy Services | 3/30/22 | $121,014 |
Dorothy A Johnson Center For Philanthro Research And Professional Development Su | 3/30/22 | $119,246 |
Public Policy Associates Project Management Services | 3/30/22 | $115,673 |
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 $1,849,639 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: (TRHT) INITIATIVE, STATE EQUITY FUND PILOT GRANT | $305,698 |
Cleveland, OH PURPOSE: LAKE ERIE REGION MATCH | $255,000 |
Ann Arbor, MI PURPOSE: STATE EQUITY FUND PILOT GRANT AND OTHER | $226,698 |
Grand Rapids, MI PURPOSE: STATE EQUITY FUND PILOT GRANT AND OTHER | $225,349 |
Detroit, MI PURPOSE: STATE EQUITY FUND PILOT GRANT | $225,000 |
Flint, MI PURPOSE: OFFICE OF THE FOUNDATION LIAISON SUPPORT | $158,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Council Of Michigan Foundations Inc has recieved totaling $22,800.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: 2022 DUES | $18,900 |
Jean M R Smith Foundation Bad Axe, MI PURPOSE: GRANT FOR GENERAL OPERATIONS | $3,900 |
Endowment Analysis
| Beg. Balance | $32,131,310 |
| Earnings | $701,141 |
| Net Contributions | $44,011 |
| Other Expense | $1,140,264 |
| Ending Balance | $31,736,198 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council Of Michigan Foundations Inc Grand Rapids, MI | $40,445,631 | $7,716,635 |
Philanthropy Ohio Columbus, OH | $1,895,129 | $2,152,720 |
Kaplan Foundation Cincinnati, OH | $11,307,639 | $1,865,901 |
John B & Dareth Gerlach Foundation Columbus, OH | $25,585,768 | $542,073 |
John And Mary Alford Foundation Worthington, OH | $9,246,522 | $302,367 |
Tr Uw Of Jacob R Marcus Fbo Nettie And Merle J Marcus Memorial Milwaukee, WI | $4,417,398 | $862,568 |
First Fruits Foundation Inc Goshen, IN | $2,822,381 | $254,262 |
St Nicholas Foundation Zanesville, OH | $2,521,690 | $82,120 |
Van Wyck & Angela Brinkerhoff Foundation 1155001000 Columbus, OH | $1,587,169 | $189,327 |
Hospice Of Jackson Endowment Fund Jackson, MI | $2,816,221 | $145,830 |
William & Sarah Speck Trust Detroit, MI | $1,029,536 | $14,647 |
Mt Zion Lutheran Church Foundation Sterling Heights, MI | $469,800 | $112,896 |