Grosse Pointe Chamber Foundation FY2021 filing

Tax-deductible

Grosse Pt Frm, MI501(c)(3)Since 2007Community DevelopmentEIN 26-1616110Revenue $365K in FY2021

On file with the IRSgrossepointechamber.com106 Kercheval Ave, 48236-3619 · Grosse Pt Frm, MITax-exempt since Nov 2008Supporting organization — 509(a)(3)

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To receive and disburse charitable contributions for the promotion of commerce, education, economic growth, events and activites for the five Grosse Pointe communities.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $598 a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $50K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$748
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$365K
+784% vs prior year
Spent
$316K
To programs
100%
Net assets
$502K
By yearFY2020–FY2025
Revenue
$365K
FY2021▲ +784%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$365K
FY2022$192K
FY2023$211K
FY2024$260K
FY2025$216K
Expenses
$316K
FY2021▲ +658%
Tap a bar for its year
Expenses by fiscal year
FY2020$42K
FY2021$316K
FY2022$249K
FY2023$244K
FY2024$261K
FY2025$179K
Net assets
$502K
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$451K
FY2021$502K
FY2022$446K
FY2023$412K
FY2024$262K
FY2025$300K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $315K Management & general 0% · $286

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grosse Pointe Chamber Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds commerce, education, and economic growth for five Grosse Pointe communities.

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Provided by the organization

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1 program · $315K · in their own filed words · FY2021
01

Receive and disburse charitable contributions for the promotion ofcommerce, education,economic growth, events and activities for thefive grosse pointe communities.

$315Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$365K
Ln 12
Gifts and grantsLn 1h$343K
Investment incomeLn 3$22K
Money outPt IX
$316K
Ln 25
Programscol B$315K
Managementcol C$286
Owns and owesPt X
$502K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$503K
LiabilitiesLn 26$748
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$343K
Fundraising eventsLn 1c$324K
Investment incomeLn 3$22K
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$107K
InvestmentsLn 11–13$246K
Other assetsLn 15$150K
Total assetsLn 16$503K
LiabilitiesLn 26$748
Net assetsLn 32$502K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$301K$107K
InvestmentsLn 11–13$246K
Total assetsLn 16$451K$503K
LiabilitiesLn 26$0$748
Net assetsLn 32$451K$502K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Grants to domestic individualsLn 2$2K$2K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$286$286
Other expenses (24a–d)Ln 24$247K$247K
All other expensesLn 24e$51K$51K
Total functional expensesLn 25$316K$315K$286$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $216K$179K$37K$300K 990 PDF
FY2024 $260K$261K−$157$262K 990 PDF
FY2023 $211K$244K−$33K$412K 990 PDF
FY2022 $192K$249K−$56K$446K 990 PDF
FY2021 Viewing $365K$316K$49K$502K 990 PDF
FY2020 $41K$42K−$355$451K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $364,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,377$342,698
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,756$22,278
I-11 Other revenuePrior year −$15,832$0
I-12 Total revenuePrior year $41,301$364,976
I-13 Grants and similar amounts paidPrior year $37,900$9,018
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,756$306,663
I-18 Total expensesPrior year $41,656$315,681
I-19 Revenue less expensesPrior year −$355$49,295
Part VI · Governance 14 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $364,976 across 5 lines filed
VIII-1c Fundraising events$323,500
VIII-1f All other contributions, gifts and grants$19,198
VIII-1h Total contributions, gifts and grants$342,698
VIII-3 Investment incomeRelated to mission $22,278$22,278
VIII-12 Total revenueRelated to mission $22,278 · Unrelated business $0 · Excluded from tax $0$364,976
Part IX · Statement of functional expenses $315,681 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $6,998$6,998
IX-2 Grants to domestic individualsPrograms $2,020$2,020
IX-11g Other fees for servicesPrograms $8,000$8,000
IX-13 Office expensesManagement $286$286
IX-24 Other expenses (24a–d)Programs $247,281$247,281
IX-24e All other expensesPrograms $51,096$51,096
IX-25 Total functional expensesPrograms $315,395 · Management $286 · Fundraising $0$315,681
Part X · Balance sheet $502,685 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $30,406$61,819
X-2 Savings and temporary cash investmentsStart of year $270,351$45,331
X-11 Publicly traded securities$245,535
X-15 Other assetsStart of year $150,000$150,000
X-16 Total assetsStart of year $450,757$502,685
X-17 Accounts payable and accrued expenses$748
X-26 Total liabilitiesStart of year $0$748
X-27 Net assets without donor restrictionsStart of year $300,757$351,937
X-28 Net assets with donor restrictionsStart of year $150,000$150,000
X-32 Total net assets or fund balancesStart of year $450,757$501,937
X-33 Total liabilities and net assetsStart of year $450,757$502,685
Part XI · Reconciliation of net assets $501,937 net assets at year end
XI-1 Total revenue$364,976
XI-2 Total expenses$315,681
XI-3 Revenue less expenses$49,295
XI-4 Net assets at start of year$450,757
XI-8 Prior period adjustments$1,885
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$501,937

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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