Whirlpool Collective Impact Fund
- Assets
- $0.0
- Revenue
- $290.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-1592577
Organization Overview
Whirlpool Collective Impact Fund is located in Benton Harbor, MI. The organization was established in 2015. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whirlpool Collective Impact Fund 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 12/2021, Whirlpool Collective Impact Fund generated $290.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $179.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Whirlpool Collective Impact Fund has awarded 112 individual grants totaling $14,408,509. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WHIRLPOOL COLLECTIVE IMPACT FUND WILL HOST EVENTS, RAISING FUNDS TO FURTHER OUR COLLECTIVE IMPACT STRATEGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE COUNTS GRANTS - WHIRLPOOL BRAND'S CARE COUNTS CAMPAIGN PROVIDES LAUNDRY UNITS TO SCHOOLS IN LOW INCOME COMMUNITIES TO ASSIST TEACHERS AND STAFF WASH CLOTHES FOR THEIR STUDENTS. IN AN EFFORT TO REDUCE ABSENTEEISM, THE PROGRAM IS ALSO FINDING THAT TRUANCY RATES ARE LOWER AND THAT PARTICIPATION IN CLASSROOMS AS WELL AS GRADES ARE HIGHER. AS AN EXTENSION OF THIS PROGRAM, WHIRLPOOL BRAND PROVIDES GRANTS TO SOME SCHOOLS TO HELP THEM PREPARE FOR THE LAUNDRY UNITS AND/OR TO PURCHASE SUPPLIES NEEDED TO DO LAUNDRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Jeffrey Noel President & Trustee | OfficerTrustee | 1 | $0 |
Deborah O'connor Vice President & Trustee | OfficerTrustee | 1 | $0 |
Carey Martin Trustee | Trustee | 1 | $0 |
Michael Mullen Secretary/treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $290,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,000 |
| Total Program Service Revenue | $0 |
| Investment income | $85 |
| 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 | $290,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,549 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,729 |
| Total functional expenses | $179,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Whirlpool Collective Impact Fund has awarded $150,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS ACADEMY SOUTHEAST PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |
ARLINGTON ELEMENTARY PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |
REYES MARIA RUIZ LEADERSHIP ACADEMY PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |
CLARKSDALE COLLEGIATE PUBLIC CHARTER SCHOOL PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |
MASTERY CHARTER SCHOOL-HARRITY ELEMENTARY PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |
COMMUNITY DAY ARLINGTON ELEMENTARY SCHOOL PURPOSE: CARE COUNTS LAUNDRY PROGRAM | $10,000 |