Advancing Macomb Foundation INC EIN 46-2344176

Advancing Macomb Foundation INC

EIN  46-2344176 Public foundation / grantmaker Mount Clemens, MI Founded 2014
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Size
$100K–1M
What they do
Connects community challenges with high-impact solutions to strengthen Macomb County.
Leadership
Phil Gilchrist · Executive Director · $91K
Money in and out
$600K revenue, $860K expenses
Bottom line
42% program efficiency

Connects community challenges with high-impact solutions to strengthen Macomb County. For fiscal year 2025 it reported $600K in revenue, $860K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$600K
Pt VIII · Ln 12
Total expenses
$860K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$261K
Where spending went · Part IX cols B–D
Program services $0.42 Management & general $0.57 Fundraising $0.01
Program efficiency
42%
of spending reaches programs▼ -44% vs prior filing year
Operating runway
15.4mo
months of highly liquid reserves at operating expense rate▼ -57% vs prior filing year
Surplus margin
-44%
revenue over expenses, this year▼ -179% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$600K
FY2025▼ -33%
Expenses
$860K
FY2025▲ +115%
Total assets
$1.4M
FY2025▼ -17%
Total liabilities
$32K
FY2025▼ -31%
Total revenue
$600K
Pt VIII · Ln 12
Total expenses
$860K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$261K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B42%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 423
Mission & Programs · Part III

Where the work happens

1 program service account for $361K of program spending, described in the organization's own filed words · FY2025.
01

Advancing Macomb Focused on Empowering Community Groups in Mount Clemens, The County Seat, To Find Innovative Solutions to Change the Narrative of the city and improve quality of life. The Challenges brought on by COVID-19 also Amplified the need for support for the non-profit sector and the rapid deployment of resources throughout the…

$361Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdvancing Macomb Foundation INC
EINHdr · item D46-2344176
Principal addressHdr · item CMount Clemens, MI
WebsiteHdr · item Jwww.advancingmacomb.com
Year of formationHdr · item L2014
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b23
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$91,123Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Phil Gilchrist’s $91K as Executive Director is at the 81st percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Diane Banks$100,000$83,962$75,000
Bphil Gilchrist$95,500
Phil Gilchrist$91,123

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$551K · 92%
Investment income$37K · 6%
Other revenue$12K · 2%
Contributions & grants92%$551K
Investment income6%$37K
Other revenue2%$12K
Total revenueLn 12$600K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.42 Management & general $0.57 Fundraising $0.01
Program services42%$361K
Management & general57%$492K
Fundraising1%$8K
Total functional expensesLn 25$860K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$32K
Total net assetsLn 32$1.3M
Months of cash on handcomputed15.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $860K
15.4 months
Where the money goes
Program services
Program services $361K · Total expenses $860K
42%
Management & General
Management & general $492K · Total expenses $860K
57%
Fundraising
Fundraising $8K · Total expenses $860K
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $938K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $551K · Total revenue $600K
92%
Government reliance
Government grants — · Total revenue $600K
Earned-income share
Program service revenue $0 · Total revenue $600K
0%
Investment reliance
Investment income $37K · Total revenue $600K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $860K
0%
Growth & trend
Revenue growth (YoY)
This year $600K · Prior year $891K
-33%
Revenue CAGR
FY2020 $268K · FY2025 $600K
+17%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $600K · Expenses $860K
-44%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Phil Gilchrist · Reported title Executive Director · Highest reported compensation $91K · Total expenses $860K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $245K · Total expenses $860K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 42%
Overhead ratio 57%
Fundraising cost ratio 1%
Revenue growth -33%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$600K revenue · viewing · ⤓ 990 PDF
FY2024$891K revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$208K revenue · ⤓ 990 PDF
FY2021$389K revenue · ⤓ 990 PDF
FY2020$268K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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