Overview
What is Community Foundation For Southeast Michigan?
The Community Foundation for Southeast Michigan, located in Detroit, Michigan, is a philanthropic organization dedicated to improving the quality of life in Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, and St. Clair counties. Through thoughtful grant-making, they facilitate permanent change by connecting donors with organizations that align with their values, both locally and nationally. Specifically, the Michigan Justice Fund, a collaborative initiative of the Community Foundation, invests in justice reform by providing grants to nonprofits that help stem the flow of individuals into the criminal justice system, support community-driven alternatives to incarceration, and assist in the reintegration of returning citizens. In 2022, they granted $4.6 million to various organizations for these purposes. The Community Foundation for Southeast Michigan is a charitable institution with a team of 64 employees.
Official website here: www.cfsem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99%
The Community Foundation For Southeast Michigan has achieved a remarkable 99% rating from Charity Navigator, which translates to a Four-Star out of Four Star rating. This high score is solely derived from its exceptional Accountability & Finance metrics, reflecting a strong commitment to transparency and responsible financial management.
The organization boasts a fully independent board and has received perfect scores in various categories, including financial oversight, conflict of interest policies, and documentation practices. With an impressive program expense ratio of 89.13%, it indicates that a significant portion of its funds is directed towards its mission, alongside a highly efficient fundraising model.
However, it should be noted that while the foundation excels in many areas, it is missing a donor privacy policy on its website. Despite this minor limitation, the overall financial health and governance practices of the Community Foundation For Southeast Michigan demonstrate a strong ability to serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Southeast Michigan legitimate?
Community Foundation For Southeast Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Southeast Michigan 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: $3,097,686
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,610,373
For more financial information, click here
Official website here: www.cfsem.org
What is the mission statement of Community Foundation For Southeast Michigan?
The Community Foundation For Southeast Michigan works to enhance the quality of life in their region by promoting and facilitating permanent positive change. They focus on the seven counties of Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, and St. Clair. The foundation helps donors invest in organizations they care about, both locally and nationally. Additionally, they have a funders' collaborative called the Michigan Justice Fund, which invests in community-driven alternatives to incarceration and supports those returning home after imprisonment. In 2022, the Michigan Justice Fund granted $4.6 million to nonprofit organizations that further justice reform.
Official website here: www.cfsem.org
What is the revenue of Community Foundation For Southeast Michigan?
Community Foundation For Southeast Michigan's revenue in 2023 was $128,173,574.
Official website here: www.cfsem.org
Who are the executives of Community Foundation For Southeast Michigan and what are their salaries?
The average compensation at Community Foundation For Southeast Michigan during 2023 was $95,829. There are 70 employees and 250 volunteers at Community Foundation For Southeast Michigan.
Here are 71 key members and their salaries:
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Official website here: www.cfsem.org
Where can I find the form 990 for Community Foundation For Southeast Michigan?
Community Foundation For Southeast Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfsem.org
Learn more at the official website: www.cfsem.org
Mission Statement of Community Foundation For Southeast Michigan
The Community Foundation For Southeast Michigan is a philanthropic organization dedicated to improving the quality of life in the seven counties of Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, and St. Clair. By promoting and facilitating permanent change, the Foundation plays a pivotal role in Southeastern Michigan's communities.
Through thoughtful philanthropy, the Community Foundation For Southeast Michigan helps donors invest in organizations that align with their values, not just in their local region but also nationwide. The Foundation's influence extends beyond its borders, allowing it to make a significant impact on various causes.
One of the initiatives the Community Foundation For Southeast Michigan supports is the Michigan Justice Fund (MJF). This funders' collaborative invests in initiatives that strive to reduce the number of individuals entering the criminal justice system, support community-driven alternatives to incarceration, and provide essential resources for individuals reentering society after serving time.
The Michigan Justice Fund is a consortium of Michigan-based and national funders dedicated to advancing justice reform and boosting economic mobility for individuals with criminal records in Michigan. In 2022, the Michigan Justice Fund granted $4.6 million to nonprofit organizations working towards these goals. By making strategic investments in these organizations, the Community Foundation For Southeast Michigan is making a lasting difference in the lives of individuals and communities.
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Impact
October, 2024
Community Foundation for Southeast Michigan significantly enhances the quality of life across the region. Its initiatives focus on fostering permanent positive change in the seven counties of Wayne, Oakland, Macomb, Monroe, Washtenaw, Livingston, and St. Clair. By promoting thoughtful philanthropy, the organization helps donors invest in causes they care about both locally and nationwide.
One of its notable initiatives is the Michigan Justice Fund (MJF), a collaborative effort that addresses critical issues within the criminal justice system. The MJF provides financial support to programs that aim to reduce the flow of individuals into incarceration, promotes community-driven alternatives, and ensures individuals returning from incarceration receive crucial support for successful reintegration. In 2022, the fund awarded $4.6 million in grants specifically for organizations that are dedicated to justice reform.
Through these efforts and partnerships, the Community Foundation for Southeast Michigan plays a vital role in driving systemic change, advancing social equity, and improving the overall well-being of communities in the region.
This information is meant to be a general summary of Community Foundation For Southeast Michigan. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,305,799
- Program Service Revenue: $1,071,086
- Gross Receipts: $897,763,582
Assets and Liabilities:
- Total Assets: $975,088,355
- Total Liabilities: $25,171,288
- Net Assets: $949,917,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICES
Revenue
$1,071,086
Organization Details
Founding Year
1984
Principal Officer
Richard L Devore
Website
www.cfsem.orgNTEE Category
Code: T31 - Philanthropy
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