Overview
What is The Rackham Engineering Foundation?
The Rackham Engineering Foundation, established in Michigan's Detroit, serves as a steward of resources, managing funds and properties to support the Engineering Society of Detroit. During 2022, the foundation incurred expenses amounting to $715,694, with a significant portion of $654,996 being allocated as grants to the Engineering Society of Detroit. The foundation's mission is rooted in its commitment to utilize and manage funds, contributing to the well-being and objectives of the Engineering Society of Detroit.
Is The Rackham Engineering Foundation legitimate?
The Rackham Engineering Foundation is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Rackham Engineering 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:
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What is the mission statement of The Rackham Engineering Foundation?
The Rackham Engineering Foundation's mission is centered around managing funds and property, specifically to support the Engineering Society of Detroit. In essence, the foundation receives and oversees funds, with the intention of utilizing them to aid the Engineering Society of Detroit. The foundation's activities include holding title to property and collecting income from it, with the expenses incurred during 2022 totaling $715,694. A significant portion of these expenses, amounting to $654,996, was allocated as grants to the Engineering Society of Detroit.
Who is the CEO of The Rackham Engineering Foundation?
Kouhaila Hammer is the Trustee of The Rackham Engineering Foundation.
What is the revenue of The Rackham Engineering Foundation?
The Rackham Engineering Foundation's revenue in 2022 was $793,540.
Who are the executives of The Rackham Engineering Foundation and what are their salaries?
There 9 volunteers at The Rackham Engineering Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Rackham Engineering Foundation?
The Rackham Engineering Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Rackham Engineering Foundation
The Rackham Engineering Foundation, in its mission, is dedicated to managing funds and property with the primary objective of supporting the Engineering Society of Detroit. This foundation plays a crucial role by receiving and managing funds, which are then allocated to serve the needs of the Engineering Society of Detroit. The foundation's activities include holding title to property and collecting and distributing income derived from it. In the year 2022, the Rackham Engineering Foundation incurred total expenses amounting to $715,694, a significant portion of which was utilized in making grants totaling $654,996 to the Engineering Society of Detroit. This mission underscores the foundation's commitment to financially supporting the engineering community in Detroit.
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Impact
October, 2024
The Rackham Engineering Foundation significantly contributes to the advancement of engineering in Detroit by managing funds and property to support the Engineering Society of Detroit. In 2022, the Foundation incurred total expenses of $715,694, with $654,996 allocated in grants to the Engineering Society. These contributions bolster various programs and initiatives aimed at enhancing the engineering community, fostering innovation, and facilitating professional development. The Foundation’s efforts play a crucial role in community improvement, ensuring that resources are available for ongoing support and growth within the engineering sector. Through these financial commitments, the Foundation helps sustain a vibrant engineering community that benefits both professionals and the broader public.
This information is meant to be a general summary of The Rackham Engineering 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $117,127
- Program Service Revenue: $676,413
- Gross Receipts: $6,348,638
Assets and Liabilities:
- Total Assets: $12,921,705
- Total Liabilities: $11,392
- Net Assets: $12,910,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIVIDENDS/MUTUAL FUNDS
Revenue
$676,413
Organization Details
Founding Year
1936
Phone
(313) 965-8264Principal Officer
Kouhaila Hammer
Main Address
500 WOODWARD AVENUE 3500, DETROIT, MI, 48226
NTEE Category
Code: S47 - Community improvement
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