COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

EIN: 382530980 501(c)(3) Philanthropy & Grantmaking

DETROIT, MI

Total Revenue
$128,173,574
Total Expenses
$117,230,287
Total Assets
$1,142,486,271
Net Assets
$1,118,708,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
RICHARD L DEVORE
Phone
3139616675
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN, founded in 1984, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $128.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $117.2M left a modest 9% surplus.

Mission

WE BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES. OUR MISSION IS TO MAKE SOUTHEAST MICHIGAN A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.

Program Service Accomplishments

Program 1
Expenses: $6,946,979

A COLLABORATION OF FOUNDATIONS LAUNCHED THE NEW ECONOMY INITIATIVE (NEI) AT THE COMMUNITY FOUNDATION IN 2007. NEI IS WORKING TO DIVERSIFY THE REGIONAL ECONOMY OF SOUTHEAST MICHIGAN AND STIMULATE...

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A COLLABORATION OF FOUNDATIONS LAUNCHED THE NEW ECONOMY INITIATIVE (NEI) AT THE COMMUNITY FOUNDATION IN 2007. NEI IS WORKING TO DIVERSIFY THE REGIONAL ECONOMY OF SOUTHEAST MICHIGAN AND STIMULATE ENTREPRENEURIAL DEVELOPMENT. IN 2023, NEI FUNDED GRANTS AND OTHER IMPORTANT WORK TOTALING APPROXIMATELY $6.9 MILLION. NEI PRIMARILY CONCENTRATES ON BUILDING A NETWORK OF SUPPORT FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS. NEI'S GRANTS SUPPORT NONPROFIT SERVICE PROVIDERS WHO PROVIDE TECHNICAL ASSISTANCE, SUCH AS BUSINESS PLANNING AND CONCEPT-TESTING, AND THOSE WHO PROVIDE CAPITAL AND OTHER RESOURCES. IN ADDITION, NEI PROVIDES SUPPORT TO HELP THESE NETWORKS OF SERVICE PROVIDERS CONNECT BETTER TO EACH OTHER AND THE PEOPLE THEY SERVE. NEI'S WORK IS FOCUSED ON BUILDING A RESILIENT AND EQUITABLE ECONOMY BY INCREASING GROWTH AND SCALABILITY AMONG SMALL BUSINESSES IN UNDERSERVED COMMUNITIES THAT WILL CREATE JOBS AND GENERATE WEALTH FOR RESIDENTS.

Program 2
Expenses: $3,685,796

THE MICHIGAN JUSTICE FUND (MJF) IS A FUNDERS' COLLABORATIVE THAT MAKES INVESTMENTS TO STEM THE FLOW OF INDIVIDUALS INTO THE CRIMINAL JUSTICE SYSTEM, SUPPORT THE INVESTMENT OF PUBLIC DOLLARS TO...

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THE MICHIGAN JUSTICE FUND (MJF) IS A FUNDERS' COLLABORATIVE THAT MAKES INVESTMENTS TO STEM THE FLOW OF INDIVIDUALS INTO THE CRIMINAL JUSTICE SYSTEM, SUPPORT THE INVESTMENT OF PUBLIC DOLLARS TO COMMUNITY-DRIVEN ALTERNATIVES TO INCARCERATION, AND ENSURE THAT THOSE WHO ARE RETURNING HOME AFTER INCARCERATION RECEIVE THE SUPPORT THEY NEED TO FLOURISH. THE MICHIGAN JUSTICE FUND IS COMPRISED OF MICHIGAN-BASED AND NATIONAL FUNDERS DEDICATED TO ADVANCING JUSTICE REFORM AND THE ECONOMIC MOBILITY OF INDIVIDUALS WITH CRIMINAL CONVICTIONS IN MICHIGAN. IN 2023, MJF FUNDED $2.6MM IN GRANTS TO NONPROFIT ORGANIZATIONS THAT SUPPORT JUSTICE REFORM.

Program 3
Expenses: $2,282,174

THE MICHIGAN OPIOID PARTNERSHIP IS A PUBLIC-PRIVATE COLLABORATIVE INCLUDING THE STATE OF MICHIGAN AND KEY PHILANTHROPIC ORGANIZATIONS WHO SHARE THE GOAL OF DECREASING MICHIGAN OPIOID OVERDOSES AND...

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THE MICHIGAN OPIOID PARTNERSHIP IS A PUBLIC-PRIVATE COLLABORATIVE INCLUDING THE STATE OF MICHIGAN AND KEY PHILANTHROPIC ORGANIZATIONS WHO SHARE THE GOAL OF DECREASING MICHIGAN OPIOID OVERDOSES AND DEATHS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,212,044
Program Service Revenue $1,071,086
Investment Income $25,893,846
Other Revenue $-3,402
TOTAL REVENUE $128,173,574

Expense Breakdown

Grants Paid $95,386,578
Salaries & Benefits $8,368,663
Fundraising Expenses $1,082,226
Program Expenses $102,550,164
Other Expenses $13,475,046
TOTAL EXPENSES $117,230,287

Year-over-Year Comparison

2023 2022 Change
Revenue $128,173,574 $117,489,833 +0.1%
Expenses $117,230,287 $96,078,374 +0.2%
Net Income $10,943,287 $21,411,459 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
49
Independent Members
49
Employees
70
Volunteers
250

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$969,485
Total Directors
58
$0
Key Employees
6
$1,468,045
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID M HEMPSTEAD TRUSTEE 1.00
Officer Director
$0 $0 $0
DAVID T PROVOST CHAIR(BEG 7/23)/VICE CHAIR(END 7/23) 1.00
Officer Director
$0 $0 $0
JACK MARTIN TREASURER 1.00
Officer Director
$0 $0 $0
JAMES B NICHOLSON CHAIR (END 06/23)/TRUSTEE 1.50
Officer Director
$0 $0 $0
MARY H WEISER VICE CHAIR (BEG 07/23)/SECRETARY 1.00
Officer Director
$0 $0 $0
PENNY B BLUMENSTEIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
REGINALD M TURNER VICE CHAIR (END 06/23)/TRUSTEE 0.50
Officer Director
$0 $0 $0
AHMAD CHEBBANI TRUSTEE 0.50
Director
$0 $0 $0
ALAN E SCHWARTZ HONORARY TRUSTEE (END 07/23) 0.50
Director
$0 $0 $0
ALBERT M BERRIZ TRUSTEE (END 06/23) 0.50
Director
$0 $0 $0
ALLAN D GILMOUR TRUSTEE 0.50
Director
$0 $0 $0
ANDREW L CAMDEN TRUSTEE 0.50
Director
$0 $0 $0
BARBARA C VAN DUSEN HONORARY TRUSTEE (BEG 07/23) 0.50
Director
$0 $0 $0
BARBARA L MCQUADE TRUSTEE 0.50
Director
$0 $0 $0
BONNIE LARSON TRUSTEE 0.50
Director
$0 $0 $0
BRUCE E NYBERG TRUSTEE 0.50
Director
$0 $0 $0
CARLA WALKER-MILLER TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER L RIZIK TRUSTEE 0.50
Director
$0 $0 $0
CHUCK STOKES TRUSTEE 0.50
Director
$0 $0 $0
DALE L WATCHOWSKI TRUSTEE 0.50
Director
$0 $0 $0
DANA M LOCNISKAR TRUSTEE 0.50
Director
$0 $0 $0
DAVID P LARSEN TRUSTEE 0.50
Director
$0 $0 $0
ERIC B LARSON TRUSTEE 0.50
Director
$0 $0 $0
FLORINE MARK TRUSTEE (END 10/23) 0.50
Director
$0 $0 $0
GARY H TORGOW TRUSTEE 0.50
Director
$0 $0 $0
GERALD E ROSEN TRUSTEE 0.50
Director
$0 $0 $0
GLENDA D PRICE TRUSTEE 0.50
Director
$0 $0 $0
HENRY W LIM TRUSTEE 0.50
Director
$0 $0 $0
JACKSON GLOVER HONORARY TRUSTEE (BEG 09/23) 0.50
Director
$0 $0 $0
JENICE C MITCHELL FORD TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER M FISCHER TRUSTEE 0.50
Director
$0 $0 $0
JOANN CHAVEZ VICE CHAIR (BEG 07/23)/TRUSTEE 0.50
Officer Director
$0 $0 $0
JOHN D LEWIS TRUSTEE 0.50
Director
$0 $0 $0
JOHN M ERB TRUSTEE 0.50
Director
$0 $0 $0
KAREN SOSNICK SCHOENBERG TRUSTEE 0.50
Director
$0 $0 $0
KENNETH WHIPPLE TRUSTEE 0.50
Director
$0 $0 $0
LENA R EPSTEIN TRUSTEE 0.50
Director
$0 $0 $0
LINDA A WASSERMAN AVIV TRUSTEE (END 11/23) 0.50
Director
$0 $0 $0
MARIA THOMPSON TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW P CULLEN TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL E BANNISTER TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL T MONAHAN HONORARY TRUSTEE 0.50
Director
$0 $0 $0
PAUL C HILLEGONDS HONORARY TRUSTEE (BEG 07/23) 0.50
Director
$0 $0 $0
PAUL R DIMOND TRUSTEE 0.50
Director
$0 $0 $0
PAUL TRULIK TRUSTEE (BEG 07/23) 0.50
Director
$0 $0 $0
PHILLIP WM FISHER TRUSTEE 0.50
Director
$0 $0 $0
SARAH M EARLEY TRUSTEE 0.50
Director
$0 $0 $0
SEAN K WERDLOW TRUSTEE 0.50
Director
$0 $0 $0
STEPHEN R POLK TRUSTEE 0.50
Director
$0 $0 $0
STEVEN K HAMP TRUSTEE 0.50
Director
$0 $0 $0
THOMAS C BUHL TRUSTEE 0.50
Director
$0 $0 $0
VIVIAN DAY STROH TRUSTEE 0.50
Director
$0 $0 $0
W RICKARD SCOFIELD TRUSTEE (END 05/23) 0.50
Director
$0 $0 $0
WENDY BATISTE-JOHNSON TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM F PICKARD TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM M HERMANN TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM W SHELDEN JR TRUSTEE 0.50
Director
$0 $0 $0
ZION WILLIAMS HONORARY TRUSTEE (BEG 09/23) 0.50
Director
$0 $0 $0
RICHARD L DEVORE PRESIDENT 42.00
Officer
$638,226 $51,905 $690,131
JENILYN NORMAN VP, FINANCE AND ADMINISTRATION 48.00
Officer
$244,708 $34,646 $279,354
LAURA L BROWNFIELD GENERAL COUNSEL 40.00
Key Emp
$268,233 $39,774 $308,007
SHERYL G ARB VP, MARKETING AND COMMUNICATIONS 40.00
Key Emp
$235,091 $46,227 $281,318
KATHRYN G BRISSON VP, PROGRAM 40.00
Key Emp
$229,290 $43,765 $273,055
RANDALL S ROSS VP, PHILANTHROPIC SERVICES 40.00
Key Emp
$207,983 $37,235 $245,218
NICOLE SHERARD-FREEMAN CHIEF OPERATING OFFICER (BEG 07/23) 42.00
Key Emp
$187,920 $721 $188,641
SARAH WEDEPOHL VP, PROGRAM (BEG 09/23) 48.00
Key Emp
$152,613 $19,193 $171,806
WAFA S DINARO EXECUTIVE DIRECTOR, NEI 40.00
Highest
$178,030 $29,424 $207,454
OLUBNUMI PARKS VP, TALENT & CULTURE 40.00
Highest
$161,249 $25,486 $186,735
MATTHEW J LEWIS CFSEM, DIRECTOR OF GOV AND OPS 40.00
Highest
$153,949 $27,813 $181,762
PATRICK J CARR INFORMATION SYSTEMS OFFICER 48.00
Highest
$145,234 $30,350 $175,584
BRAD M WESTLAKE CONTROLLER 48.00
Highest
$150,316 $22,611 $172,927
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $128,173,574 $117,230,287 $1,142,486,271 $10,943,287
2022 $117,489,833 $96,078,374 $975,088,355 $21,411,459
2021 $250,946,101 $95,156,910 $1,124,768,291 $155,789,191
2020 $119,277,422 $90,399,212 $925,043,905 $28,878,210
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