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Nonprofiteer
← FOUNDATION FOR FLINT

Form 990 for tax year 2022

Filed by FOUNDATION FOR FLINT.

Totals

Total revenue
$299,795
Total expenses
$1,649,696
Contributions and grants received
$61,279
Grants paid
$1,452,750
Program service revenue
$0
Investment income
$238,516
Other revenue
$0
Total assets, end of year
$15,901,477
Total liabilities, end of year
$7,826
Net assets or fund balances, end of year
$15,893,651
Program services expenses (Part IX)
$1,618,437
Management and general expenses
$14,924
Fundraising expenses
$16,335
Program service expenses (Part III)
$1,618,437

Program services were 98.1% 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

    $61,279

  • 3 · Investment income

    total $252,696 · excluded $252,696

  • 7a · Gross sales of assets other than inventory

    securities $2,200,427

  • 7b · Less cost or other basis and sales expenses

    securities $2,214,607

  • 7c · Gain or loss

    securities -$14,180

  • 7d · Net gain or loss

    total -$14,180 · excluded -$14,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,452,750 · program services $1,452,750

  • 11b · Fees: legal

    total $11,110 · fundraising $11,110

  • 11c · Fees: accounting

    total $4,470 · management and general $4,470

  • 11f · Fees: investment management

    total $6,963 · management and general $6,963

  • 11g · Fees: other

    total $5,408 · program services $593 · management and general $20 · fundraising $4,795

  • 13 · Office expenses

    total $18,800 · program services $18,094 · management and general $678 · fundraising $28

  • 16 · Occupancy

    total $147,000 · program services $147,000

  • 23 · Insurance

    total $2,793 · management and general $2,793

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $302 · fundraising $302

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $100 · fundraising $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $388,213 · end of year $390,522

  • 7 · Other notes and loans receivable

    beginning of year $10,621,700 · end of year $10,621,700

  • 11 · Investments: publicly traded securities

    beginning of year $7,203,536 · end of year $4,614,685

  • 12 · Investments: other securities

    end of year $274,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $805 · end of year $7,826

  • 18 · Grants payable

    beginning of year $25,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $141,143 · end of year $123,119

  • 28 · Net assets with donor restrictions

    beginning of year $18,046,501 · end of year $15,770,532

Mission and programs · 2022

Mission

TO SUPPORT AND BENEFIT THE COMMUNITY FOUNDATION OF GREATER FLINT. THE ORGANIZATION WILL ADDRESS A WIDE VARIETY OF COMMUNITY NEEDS IN GREATER FLINT, AND ITS IMMEDIATE PRIORITY IS TO PROVIDE AID TO THOSE AFFECTED BY THE FLINT WATER CRISIS.

Activities or mission (Part I)

ESTABLISHED TO ASSIST IN FLINT'S EMERGENCY AND RECOVERY EFFORTS IN RESPONSE TO THE FLINT WATER CRISIS TO SERVE THE LONG-TERM HEALTH AND DEVELOPMENT NEEDS OF FLINT.

  • THE ORGANIZATION RECEIVES GIFTS FROM INDIVIDUALS, FOUNDATIONS, AND ORGANIZATIONS AND PLACES THEM INTO INDIVIDUAL FUNDS THAT MATCH THE GIVING PRIORITIES OF THE DONORS. THE ORGANIZATION'S CURRENT PRIORITIES INCLUDE: ASSISTING IN FLINT'S EMERGENCY AND RECOVERY FROM THE WATER CRISIS, RAISING AND DISTRIBUTING RESOURCES TO SERVE THE LONG-TERM HEALTH AND DEVELOPMENT NEEDS OF FLINT CHILDREN AND THEIR FAMILIES, AND IMPROVING THE ECONOMIC VITALITY OF THE CITY OF FLINT, THROUGH TWO CHARITABLE FUNDS - THE FLINT CHILD HEALTH AND DEVELOPMENT FUND AND THE MOVING FLINT FORWARD FUND.

    Expenses $1,618,437 · Grants $1,452,750

As filed on the 2022 return.

Listed in Part VII

  • Leanne Panduren

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bobby Mukkamala

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Manal Saab

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shannon White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • George Wilkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Piper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Isaiah Oliver

    PRESIDENT AND CEO

    Total calculated
    $292,487
    From this org
    $0
    From related orgs
    $262,468
    Other
    $30,019
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,288 related
    Bonus
    $0
    Other
    $0 + $6,180 related
    Deferred
    $0 + $13,137 related
    Nontaxable benefits
    $0 + $16,882 related
    Filer's total
    $0 + $292,487 related

  • Brett Hunkins

    CFO/TREASURER

    Total calculated
    $155,506
    From this org
    $0
    From related orgs
    $145,960
    Other
    $9,546
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,190 related
    Bonus
    $0
    Other
    $0 + $2,770 related
    Deferred
    $0 + $7,298 related
    Nontaxable benefits
    $0 + $2,248 related
    Filer's total
    $0 + $155,506 related

  • Karima Amlani Bostick

    VP OF DEVELOPMENT

    Total calculated
    $132,735
    From this org
    $0
    From related orgs
    $120,596
    Other
    $12,139
    Hours/week
    1 + 40 related

  • Sue Peters

    VP OF COMMUNITY IMPACT

    Total calculated
    $165,478
    From this org
    $0
    From related orgs
    $139,935
    Other
    $25,543
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,521 related
    Bonus
    $0
    Other
    $0 + $414 related
    Deferred
    $0 + $7,339 related
    Nontaxable benefits
    $0 + $18,204 related
    Filer's total
    $0 + $165,478 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

The filer's explanations (Part III)

PART I, LINE 3
COMMUNITY FOUNDATION OF GREATER FLINT, PAYOR OF COMPENSATION FOR ALL OFFICERS, HAD AN INDEPENDENT COMPENSATION STUDY PERFORMED AND PRESENTED TO EXECUTIVE COMMITTEE. EXECUTIVE COMMITTEE APPROVES PRESIDENT/CEO'S SALARY ANNUALLY.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
12 November 2023
IRS schema version
2022v5.0
Source object
202313199349307601

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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