Grosse Pointe Chamber Foundation FY2022 filing

Tax-deductible

Grosse Pt Frm, MI501(c)(3)Since 2007Community DevelopmentEIN 26-1616110Revenue $192K in FY2022

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.
33¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
-47% vs prior year
Spent
$249K
To programs
33%
Net assets
$446K
By yearFY2020–FY2025
Revenue
$192K
FY2022▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$365K
FY2022$192K
FY2023$211K
FY2024$260K
FY2025$216K
Expenses
$249K
FY2022▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$42K
FY2021$316K
FY2022$249K
FY2023$244K
FY2024$261K
FY2025$179K
Net assets
$446K
FY2022▼ -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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

33 cents of each dollar spent went to programs.

Program services 33% · $82K Management & general 2% · $4K Fundraising 65% · $162K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $82K · in their own filed words · FY2022
01

Receive and disburse charitable contributions for the promotion of commerce, education, economic growth, events and activites for the five grosse pointe communities.

$82Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$192K
Ln 12
Gifts and grantsLn 1h$239K
Investment incomeLn 3−$46K
Money outPt IX
$249K
Ln 25
Programscol B$82K
Managementcol C$4K
Fundraisingcol D$162K
Owns and owesPt X
$446K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$446K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Fundraising eventsLn 1c$220K
Investment incomeLn 3−$46K
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$197K
Other assetsLn 15$150K
Total assetsLn 16$446K
LiabilitiesLn 26$0
Net assetsLn 32$446K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$107K$97K
InvestmentsLn 11–13$246K$197K
Total assetsLn 16$503K$446K
LiabilitiesLn 26$748$0
Net assetsLn 32$502K$446K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$500$500
Office expensesLn 13$6K$1K$4K
Other expenses (24a–d)Ln 24$240K$77K$162K
Total functional expensesLn 25$249K$82K$4K$162K

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 Viewing $192K$249K−$56K$446K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $192,226 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,698$238,700
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,278−$46,474
I-11 Other revenue$0
I-12 Total revenuePrior year $364,976$192,226
I-13 Grants and similar amounts paidPrior year $9,018$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $306,663$248,559
I-18 Total expensesPrior year $315,681$248,559
I-19 Revenue less expensesPrior year $49,295−$56,333
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $192,226 across 5 lines filed
VIII-1c Fundraising events$219,550
VIII-1f All other contributions, gifts and grants$19,150
VIII-1h Total contributions, gifts and grants$238,700
VIII-3 Investment incomeRelated to mission −$46,474−$46,474
VIII-12 Total revenueRelated to mission −$46,474$192,226
Part IX · Statement of functional expenses $248,559 across 4 lines filed
IX-11g Other fees for servicesPrograms $2,752$2,752
IX-12 Advertising and promotionPrograms $500$500
IX-13 Office expensesPrograms $1,439 · Management $4,270$5,709
IX-24 Other expenses (24a–d)Programs $77,430 · Fundraising $162,168$239,598
IX-25 Total functional expensesPrograms $82,121 · Management $4,270 · Fundraising $162,168$248,559
Part X · Balance sheet $445,744 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $61,819$66,344
X-2 Savings and temporary cash investmentsStart of year $45,331$30,331
X-4 Accounts receivable$1,576
X-11 Publicly traded securitiesStart of year $245,535$197,493
X-15 Other assetsStart of year $150,000$150,000
X-16 Total assetsStart of year $502,685$445,744
X-26 Total liabilitiesStart of year $748$0
X-27 Net assets without donor restrictionsStart of year $351,937$295,744
X-28 Net assets with donor restrictionsStart of year $150,000$150,000
X-32 Total net assets or fund balancesStart of year $501,937$445,744
X-33 Total liabilities and net assetsStart of year $502,685$445,744
Part XI · Reconciliation of net assets $445,744 net assets at year end
XI-1 Total revenue$192,226
XI-2 Total expenses$248,559
XI-3 Revenue less expenses−$56,333
XI-4 Net assets at start of year$501,937
XI-8 Prior period adjustments$140
XI-10 Net assets at end of year$445,744

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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