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Real Estate One Charitable Fdn

Tax-deductible

Southfield, MI501(c)(3)Foundations & GrantmakersEIN 38-3486582Revenue $214K in FY2024

On file with the IRSreocharitablefoundation.com26261 Evergreen Rd Ste 500, 48076-4400 · Southfield, MITax-exempt since Mar 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Support of qualified Charitable organizations

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 400 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $320 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$214K
-12% vs prior year
Spent
$150K
To programs
81%
Net assets
$125K
By yearFY2020–FY2024
Revenue
$214K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$616K
FY2022$552K
FY2023$243K
FY2024$214K
Expenses
$150K
FY2024▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$530K
FY2022$668K
FY2023$245K
FY2024$150K
Net assets
$125K
FY2024▲ +105%
Tap a bar for its year
Net assets by fiscal year
FY2020$93K
FY2021$179K
FY2022$63K
FY2023$61K
FY2024$125K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2000.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $122K Management & general 19% · $28K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Stuart Elsea
President
$0Pt VII · Sec A
Jennifer Essary
Vice President
$0Pt VII · Sec A
Kevin Dunivin
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Real Estate One Charitable Fdn 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid to worthy charitable groups.

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Provided by the organization

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1 program · $122K · in their own filed words · FY2024
01

Each year, the foundation selects several qualified public charities and distributes funds for the charities' use.

$122Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 53 grants · $1.4M · 2020–2024
Special Olympics Michigan INCMI · FY2024$90,261
National Multiple Sclerosis SocietyNY · FY2024$17,073
Special Olympics Michigan INCMI · FY2023$122,080
National Multiple Sclerosis SocietyNY · FY2023$23,854
Forgotten Harvest INCMI · FY2023$17,573
Dutton Farm INCMI · FY2023$6,797
Sos Community ServicesMI · FY2023$5,000
Special Olympics Michigan INCMI · FY2022$222,067
Forgotten Harvest INCMI · FY2022$38,370
Child and Family Services of Northwestern Michigan INCMI · FY2022$33,180
Kids on the GoMI · FY2022$20,215
American Cancer SocietyFY2022$18,065
Saline Area Social Services INCMI · FY2022$18,048
Arts for All of Northern MichiganMI · FY2022$17,494
Chaldean Charities of AmericaMI · FY2022$16,025
National Multiple Sclerosis SocietyNY · FY2022$15,157
Sos Community ServicesMI · FY2022$13,091
Gift of Life FoundationMI · FY2022$12,205
See all 53 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$214K
Ln 12
Gifts and grantsLn 1h$147K
Other incomeLn 4–11$67K
Money outPt IX
$150K
Ln 25
Programscol B$122K
Managementcol C$28K
Owns and owesPt X
$125K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$126K
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Noncash giftsLn 1g$19K
Other incomeLn 4–11$67K
Total revenueLn 12$214K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$126K
LiabilitiesLn 26$1K
Net assetsLn 32$125K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6400
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 FY24End FY24
Cash and savingsLn 1–2$61K$117K
Total assetsLn 16$61K$126K
LiabilitiesLn 26$0$1K
Net assetsLn 32$61K$125K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Accounting feesLn 11c$10K$10K
Other expenses (24a–d)Ln 24$19K$19K
Total functional expensesLn 25$150K$122K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $214K$150K$64K$125K 990 PDF
FY2023 $243K$245K−$2K$61K 990 PDF
FY2022 $552K$668K−$116K$63K 990 PDF
FY2021 $616K$530K$86K$179K 990 PDF
FY2020 $289K$322K−$33K$93K 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 $214,229 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $178,235$146,843
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $64,663$67,386
I-12 Total revenuePrior year $242,898$214,229
I-13 Grants and similar amounts paidPrior year $186,802$121,859
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,497$28,437
I-18 Total expensesPrior year $245,299$150,296
I-19 Revenue less expensesPrior year −$2,401$63,933
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $214,229 across 5 lines filed
VIII-1f All other contributions, gifts and grants$146,843
VIII-1g Noncash contributions (included above)$18,836
VIII-1h Total contributions, gifts and grants$146,843
VIII-8 Net income from fundraising eventsExcluded from tax $67,386$67,386
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $67,386$214,229
Part IX · Statement of functional expenses $150,296 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $121,859$121,859
IX-11c Accounting feesManagement $9,500$9,500
IX-24 Other expenses (24a–d)Management $18,937$18,937
IX-25 Total functional expensesPrograms $121,859 · Management $28,437 · Fundraising $0$150,296
Part X · Balance sheet $125,797 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,614$117,380
X-3 Pledges and grants receivable$8,417
X-16 Total assetsStart of year $60,614$125,797
X-18 Grants payable$1,250
X-26 Total liabilitiesStart of year $0$1,250
X-27 Net assets without donor restrictionsStart of year $60,614$124,547
X-32 Total net assets or fund balancesStart of year $60,614$124,547
X-33 Total liabilities and net assetsStart of year $60,614$125,797
Part XI · Reconciliation of net assets $124,547 net assets at year end
XI-1 Total revenue$214,229
XI-2 Total expenses$150,296
XI-3 Revenue less expenses$63,933
XI-4 Net assets at start of year$60,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$124,547

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

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