Rehmann Foundation

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

EIN: 873646882 ✦ Troy, MI ✦ Designated as a 501(c)(3)

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Overview

What is Rehmann Foundation?

Rehmann Foundation is a nonprofit organization that primarily collects donations to distribute grants, supporting charitable causes aligned with its three core areas of focus: advancing education, fostering economic development, and strengthening communities. The foundation is establishing procedures for charities to submit grant applications, requiring them to detail their programming and intended usage of the grant. Rehmann Foundation aims to provide smaller grants to a wide range of charities, as well as larger grants to organizations undertaking significant projects, often in regions where the foundation has a presence.

Is Rehmann Foundation legitimate?

Rehmann Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rehmann 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

For more financial information, click here

What is the mission statement of Rehmann Foundation?

The Rehmann Foundation's primary focus is to collect donations and distribute grants to support charitable causes within its three pillars of focus: advancing education, propelling economic development, and strengthening communities. The organization is developing procedures and processes to accept grant applications from charities focused on one or more of these pillars. Applicants are required to provide information about their charity's programming and activities, explaining how they intend to use the grant to support and develop existing or new programming. The foundation anticipates giving smaller grants to organizations to spread its support across a range of charities working in various areas. Periodically, the foundation also anticipates awarding larger grants to charitable organizations working on major projects that need larger infusions of support.

Who is the CEO of Rehmann Foundation?

Joan Payne is the President of Rehmann Foundation.

What is the revenue of Rehmann Foundation?

Rehmann Foundation's revenue in 2022 was $213,432.

Who are the executives of Rehmann Foundation and what are their salaries?

There 30 volunteers at Rehmann Foundation.


Here are 8 key members and their salaries:


Randy Rupp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Fowler (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Payne (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Thompson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Shier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Billitti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Hodges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Guenther (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rehmann Foundation?

Rehmann Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rehmann Foundation

The Rehmann Foundation, as a philanthropic organization, is committed to gathering donations and subsequently distributing grants to support charitable causes. Its mission is centered around three primary focus areas: advancing education, propelling economic development, and strengthening communities. The organization is currently in the process of establishing procedures and processes to accept grant applications from charities that align with these pillars. These applications require applicants to provide details about their programming and activities, explaining how they intend to utilize the grant to enhance existing or develop new programming.

Rehmann Foundation aims to distribute smaller grants to various charities, thereby spreading its support across a wide range of organizations working in areas where it has a presence. Periodically, it also plans to award larger grants to charitable organizations engaged in significant projects that require substantial financial support. The location of these grants is likely to be in geographical areas where Rehmann has offices. In essence, the Rehmann Foundation serves as a catalyst for positive change in education, economic development, and community strengthening by providing financial assistance to charitable causes that align with its mission.

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Impact




October, 2024

Rehmann Foundation significantly impacts its communities through its targeted grant-making in three key areas: advancing education, propelling economic development, and strengthening communities. By collecting donations and distributing grants, the foundation supports a variety of charitable initiatives that foster growth and improvement in these areas.

The organization establishes processes for charities to apply for funding, requiring detailed information about their programs and goals. This careful vetting ensures that resources are allocated to initiatives with a clear potential for positive outcomes. Rehmann Foundation aims to distribute smaller grants widely, allowing a range of organizations to benefit from its support. In addition, the foundation occasionally awards larger grants for significant projects that require substantial investment, concentrating its efforts in geographic regions where it has a presence.

Through these strategic initiatives, Rehmann Foundation not only aids in immediate charitable activities but also contributes to the long-term development and resilience of communities, making a meaningful difference in the lives of individuals and families.




This information is meant to be a general summary of Rehmann 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
$213,432 (2022)
Expenses
$176,697 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $213,432

Assets and Liabilities:

  • Total Assets: $252,535
  • Total Liabilities: $10,000
  • Net Assets: $242,535

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Organization Details

Founding Year

2021

Principal Officer

Joan Payne

Main Address

1500 W BIG BEAVER RD 2ND FLR, TROY, MI, 480843522

NTEE Category

Code: P12 - Human services

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