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Grosse Pointe Chamber Foundation FY2024 filing

Tax-deductible

Grosse Pt Frm, MI501(c)(3)Since 2007Community DevelopmentEIN 26-1616110Revenue $260K in FY2024

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.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$260K
+24% vs prior year
Spent
$261K
To programs
38%
Net assets
$262K
By yearFY2020–FY2025
Revenue
$260K
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$365K
FY2022$192K
FY2023$211K
FY2024$260K
FY2025$216K
Expenses
$261K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$42K
FY2021$316K
FY2022$249K
FY2023$244K
FY2024$261K
FY2025$179K
Net assets
$262K
FY2024▼ -36%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

38 cents of each dollar spent went to programs.

Program services 38% · $99K Management & general 17% · $46K Fundraising 45% · $116K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Jenny Buda
Director
$0Pt VII · Sec A
Ebony Duff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Grady
Director
$0Pt VII · Sec A
Denis Karic
Director
$0Pt VII · Sec A
Maria Miller
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.

Questions for Grosse Pointe Chamber Foundation

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Provided by the organization

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1 program · $69K · in their own filed words · FY2024
01

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

$69Kprogram 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
Lynn & Paul Alandt FoundationFY2024$18K
Community Foundation for Southeast MichiganFY2024$9K
James C Cassie JR Charitable FoundationFY2024$8K
Richard and Jane Manoogian FoundationFY2024$8K
Soave Family Charitable FoundationFY2024$5K
John a & Marlene L Boll FoundationFY2024$2K
Olson-Kui Ka FoundationFY2024$510
Total grants receivedfrom 7 funders$50K
See all 7 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$260K
Ln 12
Gifts and grantsLn 1h$223K
Investment incomeLn 3$20K
Other incomeLn 4–11$18K
Money outPt IX
$261K
Ln 25
Programscol B$99K
Managementcol C$46K
Fundraisingcol D$116K
Owns and owesPt X
$262K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$262K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$223K
Government grantsLn 1e$20K
Fundraising eventsLn 1c$203K
Investment incomeLn 3$20K
Other incomeLn 4–11$18K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$65K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$178K
Total assetsLn 16$262K
LiabilitiesLn 26$0
Net assetsLn 32$262K
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 FY24End FY24
Cash and savingsLn 1–2$114K$83K
InvestmentsLn 11–13$164K$178K
Total assetsLn 16$429K$262K
LiabilitiesLn 26$16K$0
Net assetsLn 32$412K$262K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$8K$8K
Information technologyLn 14$18K$18K
OccupancyLn 16$17K$17K
Other expenses (24a–d)Ln 24$198K$81K$116K
All other expensesLn 24e$500$500
Total functional expensesLn 25$261K$99K$46K$116K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $216K$179K$37K$300K 990 PDF
FY2024 Viewing $260K$261K−$157$262K 990 PDF
FY2023 $211K$244K−$33K$412K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $260,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $183,696$223,028
I-9 Program service revenue$0
I-10 Investment incomePrior year $26,843$19,902
I-11 Other revenue$17,530
I-12 Total revenuePrior year $210,539$260,460
I-13 Grants and similar amounts paidPrior year $7,635$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 $236,379$260,617
I-18 Total expensesPrior year $244,014$260,617
I-19 Revenue less expensesPrior year −$33,475−$157
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $260,460 across 6 lines filed
VIII-1c Fundraising events$202,531
VIII-1e Government grants$20,497
VIII-1h Total contributions, gifts and grants$223,028
VIII-3 Investment incomeRelated to mission $19,902$19,902
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,530$17,530
VIII-12 Total revenueRelated to mission $37,432$260,460
Part IX · Statement of functional expenses $260,617 across 7 lines filed
IX-11c Accounting feesManagement $7,725$7,725
IX-12 Advertising and promotionManagement $11,315$11,315
IX-13 Office expensesManagement $8,389$8,389
IX-14 Information technologyManagement $18,162$18,162
IX-16 OccupancyPrograms $17,000$17,000
IX-24 Other expenses (24a–d)Programs $81,088 · Fundraising $116,438$197,526
IX-24e All other expensesPrograms $500$500
IX-25 Total functional expensesPrograms $98,588 · Management $45,591 · Fundraising $116,438$260,617
Part X · Balance sheet $262,112 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $37,470$18,705
X-2 Savings and temporary cash investmentsStart of year $76,262$64,629
X-4 Accounts receivableStart of year $526$826
X-11 Publicly traded securitiesStart of year $164,291$177,952
X-16 Total assetsStart of year $428,549$262,112
X-26 Total liabilitiesStart of year $16,280$0
X-27 Net assets without donor restrictionsStart of year $262,269$262,112
X-32 Total net assets or fund balancesStart of year $412,269$262,112
X-33 Total liabilities and net assetsStart of year $428,549$262,112
Part XI · Reconciliation of net assets $262,112 net assets at year end
XI-1 Total revenue$260,460
XI-2 Total expenses$260,617
XI-3 Revenue less expenses−$157
XI-4 Net assets at start of year$412,269
XI-9 Other changes in net assets−$150,000
XI-10 Net assets at end of year$262,112

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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