Overview
What is Detroit Children's Fund?
Detroit Children's Fund is a nonprofit organization located in Detroit, Michigan, specifically at 100 Talon Centre Drive 100. Their mission is to invest in promising schools, enhance lower-performing ones, and discover and cultivate skilled educators. This allows every child in Detroit to have access to a top-notch education. They support four qualifying schools by providing strategic investments, financial aid, and resources to teachers and leaders at these institutions. Their activities aim to improve the educational opportunities for Detroit's children, thus empowering them with quality education. The organization operates with a team of seven dedicated individuals.
Official website here: www.detroitchildrensfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star rating
The Detroit Children's Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored an impressive 95%, indicating robust financial management and transparency. Key strengths include an independent board composed entirely of members with no conflicts of interest, a strong program expense ratio of over 86%, and efficient fundraising practices.
Financially, the Fund demonstrates a very low liabilities-to-assets ratio of just 2.92%, showcasing strong fiscal health and sustainability. The organization has established a solid framework for governance, including documented board meeting minutes and a whistleblower policy. These factors contribute to a transparent operational structure, enhancing stakeholder confidence.
While the Detroit Children's Fund excels in various financial metrics and governance practices, continuous monitoring of its programs' effectiveness and community impact will be essential for sustained growth and success. Overall, its high ratings suggest a trustworthy organization making strides in supporting children's educational needs in Detroit.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Children's Fund legitimate?
Detroit Children's Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Children's Fund 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: $496,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $470,153
For more financial information, click here
Official website here: www.detroitchildrensfund.org
What is the mission statement of Detroit Children's Fund?
The Detroit Children's Fund is dedicated to making high-impact investments to enhance successful schools, significantly improve underperforming ones, and discover and cultivate talented educators. This commitment aims to provide every child in Detroit with the opportunity to receive an exceptional education. The organization supports the School Collaboration Collective (SC2), offering strategic investments and financial assistance to four qualifying schools. This support empowers teachers and school leaders to offer quality education to more Detroit children.
Official website here: www.detroitchildrensfund.org
What is the revenue of Detroit Children's Fund?
Detroit Children's Fund's revenue in 2024 was $6,258,931.
Official website here: www.detroitchildrensfund.org
Who are the executives of Detroit Children's Fund and what are their salaries?
The average compensation at Detroit Children's Fund during 2024 was $120,791. There are 8 employees and 30 volunteers at Detroit Children's Fund.
Here are 17 key members and their salaries:
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- Compensation: $173,900
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- Other: $34,695
- Compensation: $131,213
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- Other: $30,827
Official website here: www.detroitchildrensfund.org
Where can I find the form 990 for Detroit Children's Fund?
Detroit Children's Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.detroitchildrensfund.org
Learn more at the official website: www.detroitchildrensfund.org
Mission Statement of Detroit Children's Fund
Detroit Children's Fund is a nonprofit organization committed to making high-impact investments. Their mission is to expand successful schools, significantly improve underperforming schools, and discover and develop talented educators. This mission aims to provide every child in Detroit with the opportunity to receive an excellent education. By investing in schools and educators, Detroit Children's Fund seeks to improve the educational landscape for Detroit's children, ensuring they have access to quality education.
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Impact
July, 2024
Detroit Children's Fund is actively working to ensure that every child in Detroit has the opportunity to receive an excellent education. Through strategic investments in successful schools, targeted support for lower performing schools, and the development of talented educators, the organization is making a significant impact on the educational landscape in Detroit. Specifically, Detroit Children's Fund supports initiatives like the School Collaboration Collective (SC2) and pilots programs in qualifying schools to improve educational outcomes for children in the city. By focusing on holistic, long-term strategies and providing financial support to teachers and school leaders, Detroit Children's Fund is helping to give more Detroit children access to a quality education.
This information is meant to be a general summary of Detroit Children's Fund. 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: $231,843
- Gross Receipts: $6,815,345
Assets and Liabilities:
- Total Assets: $4,764,612
- Total Liabilities: $867,104
- Net Assets: $3,897,508
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Organization Details
Founding Year
2013
Principal Officer
Nick Karmanos
Website
www.detroitchildrensfund.orgNTEE Category
Code: T30 - Philanthropy
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