Detroit Childrens Fund
- Assets
- $4.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Detroit, MI
- Founding
- 11/2013
- Data as of
- 06/2023
- EIN
- 46-2499615
Organization Overview
Detroit Childrens Fund is located in Detroit, MI. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Detroit Childrens Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Childrens 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 06/2023, Detroit Childrens Fund generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Detroit Childrens Fund has awarded 70 individual grants totaling $19,496,973. 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
THE DETROIT CHILDREN'S FUND IS A NONPROFIT ORGANIZATION THAT MAKES HIGH-POTENTIAL INVESTMENTS TO EXPAND SUCCESSFUL SCHOOLS, GREATLY IMPROVE LOWER PERFORMING SCHOOLS, AND DISCOVER AND DEVELOP TALENTED EDUCATORS SO THAT EVERY CHILD IN DETROIT HAS THE OPPORTUNITY TO RECEIVE AN EXCELLENT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR SCHOOL COLLABORATION COLLECTIVE (SC2), SUPPORT PILOT OF FOUR QUALIFYING SCHOOLS PROVIDING HOLISTIC, LONG TERM, TARGETED STRATEGIC INVESTMENTS AND FINANCIAL SUPPORT. SC2 SUPPORTS TEACHERS AND LEADERS AT IMPROVING SCHOOLS TO GIVE MORE DETROIT CHILDREN THE OPPORTUNITY TO RECEIVE QUALITY EDUCATION.
SUPPORT FOR MODEL SCHOOLS, SUPPORT BY IMPROVING COACHING FOR LEADERSHIP TEAMS, MASTER TEACHERS AND TEACHERS FOR THE ELA AND MATH CURRICULA AT THE 16 K-8 SCHOOLS FOR THE 2022-2023 SCHOOL YEAR, AND FOCUS ON DEVELOPING THE STRATEGIC PARTNERSHIP SCHOOLS.
PROFESSIONAL INNOVATORS IN TEACHING (A PROGRAM CREATED BY MAPSA) IS A STATE-APPROVED MICHIGAN ALTERNATIVE TEACHER CERTIFICATION PROGRAM. IT IS DESIGNED TO ADDRESS THE CURRENT TEACHER SHORTAGES. THROUGH THE PROGRAM, CANDIDATES ARE PROVIDED SCHOLARSHIPS, SUPPORT, AND COACHING TO SUCCESSFULLY PASS THEIR MTTC AND OBTAIN TEACHER CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kc Crain Board Chair, Director | OfficerTrustee | 2 | $0 |
Tonya Allen Secretary, Director | OfficerTrustee | 2 | $0 |
Jason Tinsley Treasurer, Director | OfficerTrustee | 2 | $0 |
Ryan Maibach Director | Trustee | 1 | $0 |
Adam Levinson Director | Trustee | 1 | $0 |
Phil Cooley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Educators Consulting | 6/29/23 | $170,000 |
Special Events Party Rent Inc Event Set Up | 6/29/23 | $154,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,215,953 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,597,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,813,810 |
| Total Program Service Revenue | $0 |
| Investment income | $54,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$668 |
| Net Income from Fundraising Events | -$317,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,550,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,942,778 |
| 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. | $436,511 |
| Compensation of current officers, directors, key employees. | $84,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,000 |
| Payroll taxes | $50,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,544 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,692 |
| Advertising and promotion | $501 |
| Office expenses | $233,718 |
| Information technology | $137,927 |
| 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 | $43,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,870 |
| All other expenses | $0 |
| Total functional expenses | $4,215,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $917,677 |
| Savings and temporary cash investments | $2,168,697 |
| Pledges and grants receivable | $1,116,667 |
| Accounts receivable, net | $95,000 |
| 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 | $68,286 |
| 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 | $4,366,327 |
| Accounts payable and accrued expenses | $127,777 |
| 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 | $127,777 |
| Net assets without donor restrictions | $3,026,883 |
| Net assets with donor restrictions | $1,211,667 |
| 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 | $4,366,327 |
Grants Awarded
Over the last fiscal year, Detroit Childrens Fund has awarded $1,942,778 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT ACADEMY OF ARTS & SCIENCE PURPOSE: PROVIDE FOUNDATIONAL TOOLS AND SUPPORT TO STAFF AND STUDENTS; RETENTION BONUSES | $385,000 |
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: PLACE CORE ELEMENTS IN MUMFORD HIGH SCHOOL: TECHNOLOGY, FURNITURE, DCOR | $59,700 |
DETROIT PUBLIC SCHOOLS FOUNDATION PURPOSE: MODEL SCHOOLS PROJECT, TRAIN EL AND GREAT MINDS COACHES | $437,500 |
EL EDUCATION INC PURPOSE: PRINCIPAL AND TEACHER COACHING/DEVELOPMENT | $242,500 |
ESCUELA AVANCEMOS ACADEMY PURPOSE: PROVIDE FOUNDATIONAL TOOLS AND SUPPORT TO STAFF AND STUDENTS; RETENTION BONUSES | $135,250 |
JALEN ROSE LEADERSHIP ACADEMY PURPOSE: PROVIDE FOUNDATIONAL TOOLS AND SUPPORT TO STAFF AND STUDENTS; SENIOR STUDENT AND GRADUATING SENIOR LAPTOPS; RETENTION BONUSES | $216,828 |