Foundation For Flint
- Assets
- $15.4m
- Revenue
- $277.2k
- Investments
- $288.2k
- Employees
- 0
- Location
- Flint, MI
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2649933
Organization Overview
Foundation For Flint is located in Flint, MI. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Flint 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 12/2023, Foundation For Flint generated $277.2k 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 (29.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Foundation For Flint has awarded 122 individual grants totaling $14,573,258. 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
ESTABLISHED TO ASSIST IN FLINT'S EMERGENCY AND RECOVERY EFFORTS IN RESPONSE TO THE FLINT WATER CRISIS TO SERVE THE LONG-TERM HEALTH AND DEVELOPMENT NEEDS OF FLINT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECEIVES GIFTS FROM INDIVIDUALS, FOUNDATIONS, AND ORGANIZATIONS AND PLACES THEM INTO INDIVIDUAL FUNDS THAT MATCH THE GIVING PRIORITIES OF THE DONORS. THE ORGANIZATION'S CURRENT PRIORITIES INCLUDE: ASSISTING IN FLINT'S EMERGENCY AND RECOVERY FROM THE WATER CRISIS, RAISING AND DISTRIBUTING RESOURCES TO SERVE THE LONG-TERM HEALTH AND DEVELOPMENT NEEDS OF FLINT CHILDREN AND THEIR FAMILIES, AND IMPROVING THE ECONOMIC VITALITY OF THE CITY OF FLINT, THROUGH TWO CHARITABLE FUNDS - THE FLINT CHILD HEALTH AND DEVELOPMENT FUND AND THE MOVING FLINT FORWARD FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanne Panduren Chair | OfficerTrustee | 1 | $0 |
Bobby Mukkamala Vice Chair | OfficerTrustee | 1 | $0 |
Manal Saab Secretary | OfficerTrustee | 1 | $0 |
Shannon White Director | Trustee | 1 | $0 |
George Wilkinson Director | Trustee | 1 | $0 |
Mark Piper Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinnaire Title Services Llc Construction/closing | 12/30/17 | $1,456,980 |
Clark Hill Plc Legal Fees | 12/30/17 | $136,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,393 |
| Total Program Service Revenue | $0 |
| Investment income | $254,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $940,163 |
| 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 | $4,429 |
| Fees for services: Accounting | $7,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,250 |
| Fees for services: Other | $2,215 |
| Advertising and promotion | $0 |
| Office expenses | $19,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,087 |
| All other expenses | $60 |
| Total functional expenses | $1,128,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,641 |
| 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 | $10,621,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,903 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,164,255 |
| Investments—other securities | $288,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,389,707 |
| Accounts payable and accrued expenses | $6,230 |
| 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 | $6,230 |
| Net assets without donor restrictions | $108,315 |
| Net assets with donor restrictions | $15,275,162 |
| 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 | $15,389,707 |
Grants Awarded
Over the last fiscal year, Foundation For Flint has awarded $936,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FAIR FOOD NETWORK PURPOSE: PROGRAM SUPPORT | $100,000 |
GREATER FLINT HEALTH COALITION INC PURPOSE: PROGRAM SUPPORT | $100,000 |
FAMILIES AND CHILDREN TOGETHER INC PURPOSE: PROGRAM SUPPORT | $75,000 |
INVOLVEDDAD PURPOSE: PROGRAM SUPPORT | $63,000 |
FLINT INSTITUTE OF SCIENCE AND HISTORY PURPOSE: PROGRAM SUPPORT | $75,000 |
PROJECT SYNCERE PURPOSE: PROGRAM SUPPORT | $63,000 |