Foundation For Flint
- Assets
- $18.2m
- Revenue
- $993.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 07/2016
- Data as of
- 12/2021
- 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 12/2021, Foundation For Flint generated $993.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Foundation For Flint has awarded 88 individual grants totaling $12,184,508. 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
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 FLINTS 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 |
|---|---|---|---|
Mark Piper Chair | OfficerTrustee | 1 | $0 |
Leanne Panduren Vice Chair | OfficerTrustee | 1 | $0 |
Manal Saab Secretary | OfficerTrustee | 1 | $0 |
Isaiah Oliver President & CEO | Officer | 1 | $0 |
Brett Hunkins CFO | Officer | 1 | $0 |
Bobby B Mukkumula 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 | $87,757 |
| Noncash contributions included in lines 1a–1f | $4,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,757 |
| Total Program Service Revenue | $0 |
| Investment income | $275,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $630,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550,250 |
| 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 | $222 |
| Fees for services: Accounting | $8,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,700 |
| Fees for services: Other | $17,799 |
| Advertising and promotion | $125 |
| Office expenses | $9,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,500 |
| 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 | $2,660 |
| All other expenses | $0 |
| Total functional expenses | $2,744,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,213 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,203,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,213,449 |
| Accounts payable and accrued expenses | $805 |
| Grants payable | $25,000 |
| 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 | $25,805 |
| Net assets without donor restrictions | $141,143 |
| Net assets with donor restrictions | $18,046,501 |
| 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 | $18,213,449 |
Grants Awarded
Over the last fiscal year, Foundation For Flint has awarded $2,550,250 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH FLINT REINVESTMENT CORPORATION PURPOSE: PROGRAM SUPPORT | $630,000 |
Flint, MI PURPOSE: PROGRAM SUPPORT | $200,000 |
Ann Arbor, MI PURPOSE: PROGRAM SUPPORT | $200,000 |
FLINT PUBLIC LIBRARY PURPOSE: PROGRAM SUPPORT | $149,000 |
Flint, MI PURPOSE: PROGRAM SUPPORT | $144,500 |
Flint, MI PURPOSE: PROGRAM SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Foundation For Flint has recieved totaling $4,861.
| Awarding Organization | Amount |
|---|---|
Leo And Goldstein Family Foundation Farmington Hills, MI PURPOSE: UNRESTRICTED DONATION | $4,000 |
Hy And Greta Berkowitz Foundation Dedham, MA PURPOSE: ANNUAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $361 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Barberton Community Foundation Barberton, OH | $94,839,869 | $20,499,069 |
Star House Foundation Columbus, OH | $3,945,467 | $4,249,325 |