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Nonprofiteer
← FLINT AND GENESEE CHAMBER FOUNDATION

Form 990 for tax year 2024

Filed by FLINT AND GENESEE CHAMBER FOUNDATION.

Totals

Total revenue
$58,862,655
Total expenses
$16,813,026
Contributions and grants received
$58,545,046
Grants paid
$0
Program service revenue
$20,773
Investment income
$295,756
Other revenue
$1,080
Total assets, end of year
$141,985,253
Total liabilities, end of year
$96,841,015
Net assets or fund balances, end of year
$45,144,238
Program services expenses (Part IX)
$16,781,431
Management and general expenses
$31,595
Fundraising expenses
$0
Program service expenses (Part III)
$16,781,431

Program services were 99.8% 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.

  • 1e · Government grants (contributions)

    $57,828,429

  • 1f · All other contributions, gifts and grants

    $716,617

  • 1g · Noncash contributions included above

    $1,649

  • 2a · Program service revenue: Program revenue

    total $20,773 · excluded $20,773

  • 3 · Investment income

    total $295,756 · excluded $295,756

  • 11a · Other revenue: Miscellaneous

    total $1,080 · related or exempt $1,080

  • 11e · Other revenue, total

    $1,080

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $113,395 · program services $105,261 · management and general $8,134

  • 11g · Fees: other

    total $1,177,024 · program services $1,174,203 · management and general $2,821

  • 12 · Advertising and promotion

    total $102,838 · program services $102,838

  • 13 · Office expenses

    total $87,535 · program services $87,269 · management and general $266

  • 16 · Occupancy

    total $21,649 · program services $21,649

  • 17 · Travel

    total $7,677 · program services $7,677

  • 19 · Conferences, conventions and meetings

    total $23,068 · program services $23,068

  • 23 · Insurance

    total $7,263 · program services $7,263

  • 24a · Other expenses: Program expenses

    total $14,572,394 · program services $14,552,318 · management and general $20,076

  • 24b · Other expenses: Grant administration

    total $513,546 · program services $513,546

  • 24c · Other expenses: Taxes and licenses

    total $154,579 · program services $154,579

  • 24d · Other expenses: Dues and subscriptions

    total $29,840 · program services $29,840

  • 24e · All other expenses

    total $2,218 · program services $1,920 · management and general $298

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,978 · end of year $65,383

  • 2 · Savings and temporary cash investments

    beginning of year $1,759,352 · end of year $96,663,384

  • 3 · Pledges and grants receivable

    end of year $1,358,943

  • 4 · Accounts receivable

    beginning of year $55,185 · end of year $161,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,795 · end of year $28,006

  • 15 · Other assets

    beginning of year $1,484,490 · end of year $43,708,070

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,146 · end of year $2,700,553

  • 19 · Deferred revenue

    end of year $93,834,789

  • 25 · Other liabilities

    beginning of year $132,178 · end of year $305,673

  • 27 · Net assets without donor restrictions

    beginning of year $1,504,945 · end of year $43,886,288

  • 28 · Net assets with donor restrictions

    beginning of year $1,587,531 · end of year $1,257,950

Mission and programs · 2024

Mission

The Flint & Genesee Foundation's purpose is to receive and administer funds for educational, scientific and charitable purposes and for public welfare of Genesee County, Michigan.

Activities or mission (Part I)

The Flint & Genesee Group Foundation's purpose is to receive and administer funds for eductional, 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 $37,677

  • 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 $75,000

  • Economic Development: To promote and develop economic growth in the City of Flint and throughout Genesee County.

    Expenses $16,009,048 · Revenue $1,080

  • CTA, Regional Leadership Study, Flint Publication, and Flint Promise.

    Expenses $659,706

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

Listed in Part VII

  • Gary Hurand

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leanne Panduren

    Past-Chair / Chair-Elect

    Total calculated
    $0
    Hours/week
    1

  • Joseph Serra

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Thomas Shade

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jane Worthing

    RLC Chair/Chair

    Total calculated
    $0
    Hours/week
    1

  • Douglas Glazier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clarence Pierce

    Government Com Chair

    Total calculated
    $0
    Hours/week
    1

  • Sheldon Neeley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Beverly Walker-Griffea

    Chair-Elect

    Total calculated
    $0
    Hours/week
    1

  • Greg Viener

    Director

    Total calculated
    $0
    Hours/week
    1

  • Luther Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Kennedy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Gailbreath

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Gina Staudacher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marissa Pierce

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chad Pung

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Avery

    Director

    Total calculated
    $0
    Hours/week
    1

  • Neal Hegarty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kyle McCree

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Herman

    CEO

    Total calculated
    $387,980
    From this org
    $0
    From related orgs
    $340,365
    Other
    $47,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $340,365 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,615 related
    Filer's total
    $0 + $387,980 related

  • Jennifer Cramer

    CFO

    Total calculated
    $160,272
    From this org
    $0
    From related orgs
    $148,270
    Other
    $12,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $148,270 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,002 related
    Filer's total
    $0 + $160,272 related

  • Kristina Johnston

    COO

    Total calculated
    $229,422
    From this org
    $0
    From related orgs
    $200,962
    Other
    $28,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $200,962 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,460 related
    Filer's total
    $0 + $229,422 related

  • Stephanie Fenton

    COO Uptown

    Total calculated
    $245,606
    From this org
    $0
    From related orgs
    $234,806
    Other
    $10,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $234,806 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,800 related
    Filer's total
    $0 + $245,606 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
27 June 2025
IRS schema version
2024v5.2
Source object
202541819349301014

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