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
Who funds Detroit Regional Chamber Foundation
Grants from foundations and other nonprofits
Personnel at Detroit Regional Chamber Foundation
Name | Title | Compensation | Date of data |
---|
Sandy K. Baruah | President and Chief Executive Officer | $250,706 | 2024-01-25 |
Tammy Carnrike | Chief Operating Officer | $44,043 | 2024-01-25 |
Karen Belans | Chief Financial Officer | $126,137 | 2024-01-25 |
Megan Spanitz | Chief Strategy Officer | $88,348 | 2024-01-25 |
Greg Handel | Vice President | | 2024-01-25 |
...and 15 more key personnel |
Financials for Detroit Regional Chamber Foundation
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $11,037,082 | $12,042,057 | -8.3% |
Program services | $1,153,895 | $942,240 | 22.5% |
Investment income and dividends | $29,472 | $898 | 3182% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $12,220,449 | $12,985,195 | -5.9% |
Organizations like Detroit Regional Chamber Foundation
Organization | Type | Location | Revenue |
---|
Kingsport Chamber Foundation | 501(c)(3) | Kingsport, TN | $3,609,247 |
Pittsburgh Downtown Partnership (PDP) | 501(c)(3) | Pittsburgh, PA | $9,502,366 |
Detroit Development Fund | 501(c)(3) | Detroit, MI | $4,151,318 |
Locus Impact Fund | 501(c)(3) | Christiansburg, VA | $9,556,651 |
Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $9,454,085 |
Midwest Minnesota Community Development Corporation | 501(c)(3) | Detroit Lakes, MN | $6,318,095 |
Community Economic Development Association of Michigan | 501(c)(3) | Lansing, MI | $3,268,290 |
NOLA Business Alliance | 501(c)(3) | New Orleans, LA | $4,026,850 |
Uptown Reinvestment Corporation | 501(c)(3) | Flint, MI | $3,251,972 |
South Carolina Association for Community Economic Development | 501(c)(3) | Charleston, SC | $4,086,282 |
Data update history
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/Â
- 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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