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Nonprofiteer
← SOUTHEAST MICHIGAN OPPORTUNITY FOUNDATION 4

Form 990 for tax year 2024

Filed by SOUTHEAST MICHIGAN OPPORTUNITY FOUNDATION 4.

Totals

Total revenue
$7,713,230
Total expenses
$142,315
Contributions and grants received
$7,700,000
Grants paid
$0
Program service revenue
$0
Investment income
$13,230
Other revenue
$0
Total assets, end of year
$11,654,476
Total liabilities, end of year
$4,083,561
Net assets or fund balances, end of year
$7,570,915
Program services expenses (Part IX)
$0
Management and general expenses
$142,315
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,700,000

  • 3 · Investment income

    total $13,230 · excluded $13,230

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $35,656 · management and general $35,656

  • 11g · Fees: other

    total $106,361 · management and general $106,361

  • 13 · Office expenses

    total $298 · management and general $298

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $360

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $70,085

  • 15 · Other assets

    beginning of year $0 · end of year $11,584,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $10,913

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,072,648

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $7,570,915

Mission and programs · 2024

Mission

SOUTHEAST MICHIGAN FOUNDATION FOR PUBLIC SPACES SUPPORTS THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM) BY SUPPORTING ORGANIZATIONS WHOSE WORK FURTHERS CFSEM'S MISSION. THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN'S MISSION IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES ACROSS SOUTHEAST MICHIGAN TO MAKE IT A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.

Activities or mission (Part I)

TO SUPPORT COMPLETION OF CONSTRUCTION OF PUBLIC SPACES ALONG DETROIT'S RIVERFRONT.

  • RENAMED IN 2024, THE SOUTHEAST MICHIGAN FOUNDATION FOR PUBLIC SPACES WILL SUPPORT COMPLETION OF CONSTRUCTION OF PUBLIC SPACES ALONG DETROIT'S RIVERFRONT, SPECIFICALLY TO SUPPORT THE ONGOING CONSTRUCTION OF THE RALPH C. WILSON JR. CENTENNIAL PARK. THE ORGANIZATION RECEIVED $7.7M IN GRANTS IN AUGUST 2024 IN SUPPORT OF THAT PURPOSE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard L Devore

    TREAS. (START 9/24)/ PRESIDENT

    Total calculated
    $719,647
    From this org
    $0
    From related orgs
    $654,744
    Other
    $64,903
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $644,934 related
    Bonus
    $0
    Other
    $0 + $9,810 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $30,403 related
    Filer's total
    $0 + $719,647 related

  • Nicole Sherard-Freeman

    DIRECTOR (START 7/24)

    Total calculated
    $416,036
    From this org
    $0
    From related orgs
    $412,982
    Other
    $3,054
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,779 related
    Bonus
    $0
    Other
    $0 + $7,203 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,054 related
    Filer's total
    $0 + $416,036 related

  • David T Provost

    CHAIR (START 10/24)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Dale L Watchowski

    DIRECTOR (START 7/24)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Massaron

    DIRECTOR (START 9/24)

    Total calculated
    $0
    Hours/week
    0.5

  • James Tighe

    DIRECTOR (START 9/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Mary H Weiser

    DIRECTOR (END 10/24)

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Phillip Wm Fisher

    DIRECTOR (START 11/24)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Matthew J Lewis

    SECRETARY (START 9/24)

    Total calculated
    $186,884
    From this org
    $0
    From related orgs
    $153,690
    Other
    $33,194
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,420 related
    Bonus
    $0
    Other
    $0 + $270 related
    Deferred
    $0 + $15,536 related
    Nontaxable benefits
    $0 + $17,658 related
    Filer's total
    $0 + $186,884 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349317021

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