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Nonprofiteer
← FLINT AND GENESEE CHAMBER FOUNDATION

Form 990 for tax year 2022

Filed by FLINT AND GENESEE CHAMBER FOUNDATION.

Totals

Total revenue
$2,108,329
Total expenses
$1,280,028
Contributions and grants received
$2,102,586
Grants paid
$0
Program service revenue
$0
Investment income
$206
Other revenue
$5,537
Total assets, end of year
$1,803,750
Total liabilities, end of year
$342,278
Net assets or fund balances, end of year
$1,461,472
Program services expenses (Part IX)
$1,275,686
Management and general expenses
$4,342
Fundraising expenses
$0
Program service expenses (Part III)
$1,275,686

Program services were 99.7% 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

    $2,102,586

  • 3 · Investment income

    total $206 · excluded $206

  • 11a · Other revenue: MISCELLANEOUS

    total $5,537 · related or exempt $5,537

  • 11e · Other revenue, total

    $5,537

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $62,457 · program services $59,297 · management and general $3,160

  • 11g · Fees: other

    total $285,486 · program services $284,915 · management and general $571

  • 12 · Advertising and promotion

    total $58,721 · program services $58,721

  • 13 · Office expenses

    total $116 · management and general $116

  • 17 · Travel

    total $3,526 · program services $3,526

  • 19 · Conferences, conventions and meetings

    total $5,105 · program services $5,105

  • 24a · Other expenses: PROGRAM EXPENSE

    total $852,470 · program services $852,470

  • 24b · Other expenses: GRANT ADMINISTRATION

    total $8,500 · program services $8,500

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $3,152 · program services $3,152

  • 24d · Other expenses: DONATIONS

    total $495 · management and general $495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $497,231 · end of year $65,500

  • 2 · Savings and temporary cash investments

    beginning of year $111,000 · end of year $1,144,512

  • 4 · Accounts receivable

    beginning of year $47,619 · end of year $58,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205

  • 15 · Other assets

    beginning of year $18,558 · end of year $534,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,837 · end of year $312,266

  • 25 · Other liabilities

    beginning of year $26,911 · end of year $30,012

  • 27 · Net assets without donor restrictions

    beginning of year $22,551 · end of year $523,955

  • 28 · Net assets with donor restrictions

    beginning of year $594,314 · end of year $937,517

Mission and programs · 2022

Mission

THE GENESEE CHAMBER FOUNDATION'S PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES AND FOR PUBLIC WELFARE OF GENESEE COUNTY, MICHIGAN.

  • FLINT PROMISE: FLINT PROMISE IS A COMMITMENT TO THE CITY'S YOUTH AND AN INVESTMENT IN THEIR FUTURE.

    Expenses $524,945

  • SUMMER YOUTH INITIATIVE THE SUMMER YOUTH INITIATIVE FUNDED VARIOUS NON-PROFIT AGENCIES TO EMPLOY GENESEE COUNTY YOUTH, AGES 14-18. IN ADDITION TO THE EMPLOYMENT, THE YOUTH RECEIVED EMPLOYABILITY TRAINING AND LEADERSHIP DEVELOPMENT.

    Expenses $102,455

  • ECONOMIC DEVELOPMENT: TO PROMOTE AND DEVELOP ECONOMIC GROWTH IN THE CITY OF FLINT AND THROUGHOUT GENESEE COUNTY.

    Expenses $364,458

  • CTA, REGIONAL LEADERSHIP STUDY, FLINT PUBLICATION, AND FLINT PROMISE.

    Expenses $283,828

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Hurand

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leanne Panduren

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Serra

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tom Shade

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane Worthing

    RLC CHAIR/CH

    Total calculated
    $0
    Hours/week
    1

  • Douglas Glazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clarence Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheldon Neeley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beverly Walker-Griffea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Viener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luther Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Domonique Clemons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Duby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Gailbreath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gina Staudacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marissa Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Herman

    CEO

    Total calculated
    $344,631
    From this org
    $0
    From related orgs
    $301,378
    Other
    $43,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $301,378 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $43,253 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $344,631 related

  • Lenora Reyes

    VP OF FINANC

    Total calculated
    $129,064
    From this org
    $0
    From related orgs
    $122,582
    Other
    $6,482
    Hours/week
    40

  • Kristina Johnston

    COO

    Total calculated
    $202,382
    From this org
    $0
    From related orgs
    $160,210
    Other
    $42,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $160,210 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $42,172 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $202,382 related

  • Stephanie Fenton

    COO UPTOWN

    Total calculated
    $237,893
    From this org
    $0
    From related orgs
    $217,891
    Other
    $20,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $217,891 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $20,002 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $237,893 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
2022
Filed
18 September 2023
IRS schema version
2022v5.0
Source object
202342969349300619

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