Overview
What is Michigan Retailers Foundation?
Michigan Retailers Foundation is a charitable, educational, and scientific nonprofit organization based in Lansing, Michigan. Its primary mission is to support the educational growth of college undergraduates by offering scholarships to cover educational expenses at accredited nonprofit institutions. The foundation also extends its support to 501(c)(3) educational programs through sponsorships. The organization operates with a focus on administering funds for charitable and educational purposes, making distributions to qualifying exempt organizations under Section 501(c)(3) of the Internal Revenue Code or its corresponding section in any future federal code.
Is Michigan Retailers Foundation legitimate?
Michigan Retailers Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Retailers 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: $0
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What is the mission statement of Michigan Retailers Foundation?
The Michigan Retailers Foundation is established for charitable, educational, and scientific purposes. Its primary objective is to manage funds for educational and charitable purposes and make distributions to organizations that meet the criteria of exempt organizations under Section 501(C)(3) of the Internal Revenue Code, or the corresponding section of any future federal code. The foundation's role is to support organizations that share similar objectives and contribute to the betterment of society through their charitable works.
What is the revenue of Michigan Retailers Foundation?
Michigan Retailers Foundation's revenue in 2024 was $122,148.
Who are the executives of Michigan Retailers Foundation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $529,735
- Other: $63,256
- Compensation: $0
- Related: $17,500
- Other: $1,374
- Compensation: $0
- Related: $17,155
- Other: $1,218
- Compensation: $0
- Related: $9,310
- Other: $1,374
- Compensation: $0
- Related: $8,635
- Other: $1,374
- Compensation: $0
- Related: $6,995
- Other: $1,374
- Compensation: $0
- Related: $7,385
- Other: $970
- Compensation: $0
- Related: $5,785
- Other: $1,374
- Compensation: $0
- Related: $5,425
- Other: $1,218
Where can I find the form 990 for Michigan Retailers Foundation?
Michigan Retailers Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Michigan Retailers Foundation
Michigan Retailers Foundation is an organization with a charitable, educational, and scientific mission. Its primary purpose is to administer funds for educational and charitable purposes. The foundation makes distributions to organizations that meet the criteria of exempt organizations under Section 501(C)(3) of the Internal Revenue Code, or any future corresponding federal code. In simpler terms, Michigan Retailers Foundation exists to support other charitable organizations that meet certain criteria by providing them with financial assistance. This mission is crucial in contributing to various social causes and improving the lives of individuals within the community.
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Impact
October, 2024
The Michigan Retailers Foundation significantly impacts education and community development through its dedicated efforts in scholarship funding and program sponsorships. By awarding scholarships to college undergraduates, the foundation alleviates financial burdens associated with educational expenses at accredited institutions in Michigan. This support empowers students to pursue their academic and professional goals, contributing to a more educated workforce.
In addition to scholarships, the foundation sponsors various educational programs, further enhancing opportunities for learning and growth in the community. By directing funds to qualified organizations, it fosters collaboration and supports initiatives that align with its mission of charitable and educational advancement. The foundation's commitment to community improvement is evident in its impactful contributions to both individual students and broader educational initiatives, ultimately promoting a thriving environment for future generations in Michigan.
This information is meant to be a general summary of Michigan Retailers 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 2024.
- Investment Income: $48,565
- Gross Receipts: $1,288,475
Assets and Liabilities:
- Total Assets: $1,879,635
- Total Liabilities: $0
- Net Assets: $1,879,635
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Organization Details
Founding Year
1968
Principal Officer
William J Hallan
NTEE Category
Code: S40I - Community improvement
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