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Business Leaders For Michigan Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237101167 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Business Leaders For Michigan Foundation?

Business Leaders For Michigan Foundation is a nonprofit organization based in Detroit, Michigan, with a mission to improve economic development, talent, and equity within the state. They benchmark, educate, convene, and advocate to create an environment where businesses thrive and people want to live and work. The foundation focuses on four key areas: growth/economic development, talent (adult and K-12), business climate, and equity. They drive policy changes and implement initiatives to make Michigan a top 10 state for jobs, education, prosperity, and a healthy economy. The organization's membership comprises executive leaders from Michigan's largest companies and universities, collectively contributing to 40% of the state's economy and serving more than half of all Michigan public university students.


Official website here: www.businessleadersformichigan.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Business Leaders For Michigan Foundation has achieved a remarkable 96% rating from Charity Navigator, which reflects a strong commitment to accountability and finance. This high score indicates that the organization operates with a high level of transparency and governance, evidenced by its independent board and comprehensive financial oversight mechanisms.

The foundation boasts an impressive 99% of its board members being independent, contributing to effective decision-making and reduced conflicts of interest. Additionally, the organization has maintained a healthy financial structure, with a program expenses ratio of 78.41%, ensuring that a significant portion of its funds is directed towards its mission-driven activities.

No significant limitations were noted in the data, with the organization demonstrating robust policies in areas such as whistleblower protection and document retention. The absence of any material diversion of assets further underscores its reliability and strong ethical standards.


This AI summary has been generated from information found on Charity Navigator.

Is Business Leaders For Michigan Foundation legitimate?

Business Leaders For Michigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Leaders For Michigan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,530

For more financial information, click here


Official website here: www.businessleadersformichigan.com

What is the mission statement of Business Leaders For Michigan Foundation?

The Business Leaders For Michigan Foundation's mission is aimed at enhancing economic development, talent, and equity in Michigan. Their objective is to make the state an appealing destination for businesses to invest in and a desirable place for people to work and live. The foundation achieves this by benchmarking the state's competitiveness, developing effective strategies, convening and educating the public, advocating for policies, and championing initiatives that foster investment and employment opportunities. The foundation's activities are focused on areas such as growth and economic development, talent development for both adults and K-12 students, business climate improvement, and promoting equity through diversity and inclusion initiatives. The organization is led by executive leaders from major companies and universities in Michigan.


Official website here: www.businessleadersformichigan.com

Who is the CEO of Business Leaders For Michigan Foundation?

Jacqueline Wiggins is the President of Business Leaders For Michigan Foundation.


Official website here: www.businessleadersformichigan.com

What is the revenue of Business Leaders For Michigan Foundation?

Business Leaders For Michigan Foundation's revenue in 2022 was $718,239.


Official website here: www.businessleadersformichigan.com

Who are the executives of Business Leaders For Michigan Foundation and what are their salaries?

There 102 volunteers at Business Leaders For Michigan Foundation.


Here are 109 key members and their salaries:


Jeffrey Donofrio (President)
  • Compensation: $0
  • Related: $518,041
  • Other: $110,063
Howard Ungerleider (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard M Anderson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug L Devos (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Jandernoa (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James P Keane (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra E Pierce (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl M Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith J Allman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Mark Alyea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph B Anderson Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda H Apsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Armbruster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neveen Awad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary T Barra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert M Berriz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael G Bickers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark J Bissell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David A Brandon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen K Carlisle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Casalou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory J Crabb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Culler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter P Czarnecki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David C Dauch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark A Davidoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alessandro P Dinello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stefan O Doerr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew B Elliott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Eyler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Farner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Finn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Fitterling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Clay Ford Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Freese Decker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arabinda Ghosh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gilbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David F Girodat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mckeel Hagerty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew R Haworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rejji P Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Hubbard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Ilitch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miles E Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Goran Jurkovic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hans-Werner Kaas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Jay Kaufman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murray S Kessler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Keyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen M Kircher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela R Klyn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blake W Krueger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor F Lauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin A Lobo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel J Loepp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan D Lyall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben C Maibach Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard A Manoogian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Florine Mark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Mcgowan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Meijer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick K Minturn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin A Ness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Nicholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Norcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Santa Ono (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrah Opferman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andi Owen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Parent (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William U Parfet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia J Pasky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger S Penske (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Peters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter W Quigley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Rakolta Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert G Riney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael T Ritchie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garrick J Rochow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andra M Rush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Sarsam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond E Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Sear (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Solek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer S Stiles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arn Tellem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Torgow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manny Torgow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Tronstein-Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen A Van Andel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Vaupel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Venegas Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Weiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Evan Weiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franklin C Wheatlake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melinda Whittington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Wilds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin W Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Roy Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Wolowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Woodruff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William C Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabrina Keeley (Coo/Treasurer/Secretary - Part Year)
  • Compensation: $0
  • Related: $111,950
  • Other: $0
Ryan Tarrant (Coo/Treasurer/Secretary)
  • Compensation: $0
  • Related: $190,418
  • Other: $23,303
Timothy Sowton (Vice President)
  • Compensation: $0
  • Related: $254,395
  • Other: $39,921
Gabriel Rodriguez-Garriga (Vice President)
  • Compensation: $0
  • Related: $245,672
  • Other: $44,291
Randi Berris (Vice President)
  • Compensation: $0
  • Related: $213,240
  • Other: $51,227
Lindsay Case-Palsrok (Vice President)
  • Compensation: $0
  • Related: $152,349
  • Other: $27,745


Official website here: www.businessleadersformichigan.com

Where can I find the form 990 for Business Leaders For Michigan Foundation?

Business Leaders For Michigan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.businessleadersformichigan.com

Learn more at the official website: www.businessleadersformichigan.com

Mission Statement of Business Leaders For Michigan Foundation

Business Leaders For Michigan Foundation, a distinguished organization, is dedicated to improving economic development, talent, and equity in Michigan. Their mission is to benchmark the state's competitiveness, develop powerful strategies, convene and educate the public, advocate for policy, and champion initiatives that make Michigan an attractive destination for businesses and a place where people want to live and work. The foundation's vision is to elevate Michigan to a top 10 state in terms of job opportunities, education, shared prosperity, and a robust economy.

The organization boasts a membership comprising of the executive leaders of Michigan's largest companies and universities. Collectively, these members contribute significantly to the state's economy, generating over $1 trillion in annual revenue and serving more than half of all Michigan public university students. Business Leaders For Michigan Foundation plays a pivotal role in driving the state's economic growth and development through various initiatives, including talent development (both adult and K-12), business climate improvement, and equity promotion. They strive to enhance labor force participation, develop necessary skills, advocate for near-term wins in career and technical education, improve the state's business climate, and promote diversity, equity, and inclusion (DEI) policies.

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Impact



October, 2024

Business Leaders For Michigan Foundation is dedicated to enhancing Michigan's economic landscape by focusing on key areas such as economic development, talent acquisition, and equity. Their impact is evident in their comprehensive approach that seeks to position Michigan as a leader in job creation and prosperity.

By benchmarking the state’s competitiveness, they identify strategic areas for improvement. This includes advocating for policies that attract business investments while also aiming to improve the quality of education and workforce development. Their initiatives aim to raise labor force participation, enhance skills training, and ensure accessibility to quality education at all levels, from K-12 to community colleges and beyond.

The foundation also emphasizes equity, working to implement policies that promote diversity, equity, and inclusion (DEI) within the business community and broader society. This commitment to equitable funding and support for DEI initiatives aims to create an environment where all residents can thrive.

Board members, consisting of executive leaders from Michigan's largest companies and universities, drive forward this mission, representing 40% of the state's economy and generating significant annual revenues. Their collective efforts contribute significantly to making Michigan a desirable place for both businesses to invest and individuals to live and work, supporting the overall vision of transforming the state into a top ten destination for jobs and education.



This information is meant to be a general summary of Business Leaders For Michigan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$718,239 (2022)
Expenses
$374,658 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $48,353
  • Gross Receipts: $718,239

Assets and Liabilities:

  • Total Assets: $2,244,611
  • Total Liabilities: -$20,397
  • Net Assets: $2,265,008

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Organization Details

Founding Year

1971

Phone

(313) 259-5400

Principal Officer

Jacqueline Wiggins

Main Address

600 RENAISSANCE CENTER 1760, DETROIT, MI, 482431801

Website

www.businessleadersformichigan.com

NTEE Category

Code: S200 - Community improvement

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