Kalamazoo Foundation For Excellence
- Assets
- $479.2m
- Revenue
- $369.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-2587771
Organization Overview
Kalamazoo Foundation For Excellence is located in Kalamazoo, MI. The organization was established in 2017. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Foundation For Excellence 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, Kalamazoo Foundation For Excellence generated $369.5m in total revenue. All expenses for the organization totaled $417.0k during the year ending 12/2021. While expenses have increased by 388.2% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE GOALS OF THE CITY OF KALAMAZOO, FUND INVESTMENTS, AND EMPOWER RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPURRED THE EXPANSIONS OF SUCCESSFUL YOUTH PROGRAMS AND SUPPORTED RENOVATIONS OF PARKS, NEIGHBORHOOD ENHANCMENT PROJECTS, CREATION OF AFFORDABLE HOUSING, SUPPORT OF SMALL BUSINESS ACTIVITY, AND OFFERED COVID-19 RELATED RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Mcfarlin Treasurer (ended 2/16/21) | OfficerTrustee | 2 | $0 |
Barbara Hamilton-Miller Secretary | OfficerTrustee | 2 | $0 |
Alisa Carrel Treasurer | OfficerTrustee | 2 | $0 |
James K Ritsema Vice President | OfficerTrustee | 2 | $0 |
Dr Angela Graham-Williams President (ended 7/1/21) | OfficerTrustee | 2 | $0 |
Sandra Calderon-Huezo President | OfficerTrustee | 2 | $0 |
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 | $367,158,392 |
| Noncash contributions included in lines 1a–1f | $367,150,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,158,392 |
| Total Program Service Revenue | $0 |
| Investment income | $670,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,713,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,542,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,611 |
| Fees for services: Other | $289,236 |
| 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 | $614 |
| Total functional expenses | $416,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,831 |
| Savings and temporary cash investments | $74,240 |
| 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 | $150,609,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,519,000 |
| Total assets | $479,208,810 |
| Accounts payable and accrued expenses | $21,832 |
| 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 | $1,001 |
| Total liabilities | $22,833 |
| Net assets without donor restrictions | $151,231,485 |
| Net assets with donor restrictions | $327,954,492 |
| 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 | $479,208,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kalamazoo Foundation For Excellence has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horseshoe Foundation Of Floyd County Inc New Albany, IN | $43,854,636 | $8,593,173 |
Carl & Phyllis Dalton Family Foundation Inc Detroit, MI | $19,557,822 | $1,457,062 |
World Hindu Foundation Of America West Chester, OH | $104,621 | $1,703,996 |
Sae Government Technologies Troy, MI | $33,357,657 | $2,977,254 |
Delta Gamma Fraternity Management Corporation Columbus, OH | $2,047,085 | $1,032,027 |
Margies Smile Inc Franklin, WI | $36,893 | $1,255,015 |
Build It For The Brave Inc Ann Arbor, MI | $1,851,835 | $1,161,438 |
Kalamazoo Foundation For Excellence Kalamazoo, MI | $479,208,810 | $369,542,486 |
Odon Thrift Store Odon, IN | $367,272 | $293,468 |
Toledo Urban Foundation Inc Toledo, OH | $12 | $7 |
Evangelical Homes Of Michigan Foundation Saline, MI | $1,370,796 | $301,241 |
Stand Up Michigan Inc East Lansing, MI | $111,687 | $257,834 |