EIN 38-2352462

Detroit Regional Chamber Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1981
Most recent tax filings
2023-06-01
Description
Detroit Regional Chamber Foundation is dedicated to growing programs or initiatives that are important to community and economic development in the Detroit region.
Related structure
Detroit Regional Chamber Foundation is a subordinate organization under Detroit Regional Chamber.
Also known as...
One Woodward Ave Ste 1700
Total revenues
$12,220,449
2023
Total expenses
$12,845,129
2023
Total assets
$5,342,608
2023
Num. employees
0
2023

Program areas at Detroit Regional Chamber Foundation

The Detroit promise is the Foundation's umbrella scholarship for all incoming college students, including four-year university students formally enrolling through the Detroit compact scholarship program. The Detroit promise is a Foundation administered program funded by the Michigan education excellence Foundation ("meef"), a Michigan nonprofit organization. Under a memorandum of understanding with the meef, the Detroit promise's essential responsibility is to provide a last-dollar scholarship for Detroit high school students entering area community colleges and participating four-year universities. Per state of Michigan statute, the dpza is allocated a portion of state property taxes collected in the city of Detroit for the express purpose of funding a college promise program. The dpza has designated the Foundation as its partner to administer this program and uses the tax capture revenue to allocate funding to the Foundation to fund the program within the statute guidelines.
The Foundation leads a comprehensive education and talent portfolio of program and policy work in the state. With the goal to increase postsecondary degree attainment in southeast Michigan to 60% by 2030, the Chamber's work will grow the talent pool for employers.
Michauto is Michigan's only automotive and mobility cluster association to protect, retain, and grow Michigan's signature industry while also ensuring the state's leadership in advancing the development and manufacturing of next-generation mobility technology.
Economic development:the Foundation's economic prosperity strategy positions the Detroit region for long-term global competitiveness for the next decade and beyond. The work is funded through contributions and grants from corporate donors and private philanthropy. The strategy is executed through a series of initiatives ensuring the region is educated, employed, healthy, and leading in next-generation mobility.leadership detroit:leadership Detroit provides the Foundation for a lifelong commitment to leadership by creating awareness of key issues that affect the Detroit region and to challenge emerging and existing community leaders to bring about positive change in the community through informed leadership.racial justice and economic equity:the Foundation leverages its position as a covener of business to ensure pervasive and long-term change both societally and economically. This work is rooted in reflective focus on accountability internally and externally through a commitment to ensuring the region's equitable future.

Grants made by Detroit Regional Chamber Foundation

GranteeGrant descriptionAmount
Renaissance of HopeGeneral Support$30,000
Ausome Learning CenterGeneral Support$30,000
People For Palmer ParkGeneral Support$30,000
...and 7 more grants made

Who funds Detroit Regional Chamber Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Detroit Promise Scholarship Detroit Promise Zone AuthorityScholarship Dispur.$3,180,168
Goldman Sachs Philanthropy Fund (GSPF)Community & Human Services$1,700,300
Detroit Regional ChamberTo Support the Charitable Initiatives of the Foundation.$1,150,000
...and 16 more grants received

Personnel at Detroit Regional Chamber Foundation

NameTitleCompensation
Sandy K. BaruahPresident and Chief Executive Officer$250,706
Tammy CarnrikeChief Operating Officer$44,043
Karen BelansChief Financial Officer$126,137
Megan SpanitzChief Strategy Officer$88,348
Greg HandelVice President
...and 15 more key personnel

Financials for Detroit Regional Chamber Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$11,037,082
Program services$1,153,895
Investment income and dividends$29,472
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,220,449

Form 990s for Detroit Regional Chamber Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-12-20990View PDF
2022-062023-02-28990View PDF
2021-062022-03-17990View PDF
2020-062021-04-15990View PDF
2019-062021-01-28990View PDF
...and 9 more Form 990s
Data update history
August 2, 2024
Received grants
Identified 1 new grant, including a grant for $80,000 from W.K. Kellogg Foundation (WKKF)
May 19, 2024
Received grants
Identified 12 new grant, including a grant for $1,150,000 from Detroit Regional Chamber
February 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 4, 2024
Updated personnel
Identified 2 new personnel
January 25, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
777 Woodward Ave Ste 800
Detroit, MI 48226
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
detroitchamber.com/ 
Phone
(313) 964-4000
IRS details
EIN
38-2352462
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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