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Detroit Regional Chamber Foundation

Detroit, MI · EIN 38-2352462 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Detroit Regional Chamber Foundation reported $18.2 million in revenue and $15.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.90 went to program services, $15.34 to management and general costs and $1.76 to fundraising. Its largest source of revenue was contributions and grants: 94.3% of the total. The highest compensation it reported for one person was $684,962 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 137% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15M

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $18M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 479 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
82.9%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
15.3%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
1.8%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
94.3%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%14.9%
Program service revenue share
Part VIII 2g ÷ 12
5.4%11.9%
Highest reported compensation
Part VII-A, columns D–F
$684,962$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.48%1.49%
People paid over $100,000
Part VII, line 2
65
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.29.2
Independent voting board members
Part VI 1a–1b
0 of 4100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$5.3M expenses · 41.8% of program spending · grants $365K

The detroit promise is the foundation's umbrella scholarship for all incoming college students, including four-year university students formally enrolling through the detroit compact scholarship program. The detroit promise is a foundation administered program funded by the detroit promise zone authority ("dpza"). The detroit promise's essential responsibility is to provide a last-dollar scholarship for detroit high school students entering area community colleges and participating four-year universities. Per state of michigan statute, the dpza is allocated a portion of state property taxes…

$3.6M expenses · 28.3% of program spending · grants $900 · revenue $1,500

Michauto is michigan's only automotive and mobility cluster association to protect, retain, and grow michigan's signature industry while also ensuring the state's leadership in advancing the development and manufacturing of next-generation mobility technology

$2.3M expenses · 17.9% of program spending · grants $11,556

The foundation leads a comprehensive education and talent portfolio of program and policy work in the state. With the goal to increase postsecondary degree attainment in southeast michigan to 60% by 2030, the chamber's work will grow the talent pool for employers

$1.5M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Director/trustee, officer, 15.00 hrs/week
$264,301$396,451$24,210$684,962
CHIEF OPERATING OFFICER
Director/trustee, officer, 4.00 hrs/week
$44,374$399,372$15,450$459,196
TREASURER
Director/trustee, officer, 13.00 hrs/week
$135,331$251,330$11,394$398,055
VICE- PRESIDENT, RESOURCE
Director/trustee, officer, 11.00 hrs/week
$102,906$264,612$11,832$379,350
VICE- PRESIDENT, AUTOMOTIV
Key employee, 37.50 hrs/week
$285,816$0$9,307$295,123
SECRETARY & EXECUTIVE DIRE
Highest compensated employee, 17.00 hrs/week
$107,517$136,840$10,879$255,236
VICE PRESIDENT, EDUCATION
Key employee, 37.50 hrs/week
$226,454$0$10,881$237,335
SENIOR DIRECTOR, ACCOUNTIN
Highest compensated employee, 13.00 hrs/week
$56,159$131,037$10,127$197,323

6 people received more than $100,000 in reportable compensation from Detroit Regional Chamber Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$18M$15M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$15M82.9%$6.6M$684,962
FY2024 ⓘ$12M$14M85.9%$3.7M$676,858
FY2023 ⓘ$12M$13M88.1%$5.3M$642,363
FY2022 ⓘ$13M$9.5M86.9%$5.9M$655,035
FY2021 ⓘ$6.9M$6.9M79.8%$2.4M$499,287
FY2020 ⓘ$7.7M$7.4M68.3%$2.4M$640,503

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b4 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 652

Private foundation grants it received

7 private foundations reported grants to Detroit Regional Chamber Foundation totaling $587K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Detroit Regional Chamber Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Detroit Regional Chamber Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All community improvement & capacity building charities · Largest charities in Michigan

Questions people ask

How much of Detroit Regional Chamber Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Detroit Regional Chamber Foundation reported that 82.9% of its $15.3 million in expenses went to program services, 15.3% to management and general and 1.8% to fundraising (Form 990, Part IX).

How much does Detroit Regional Chamber Foundation pay its top executive?

The largest total compensation Detroit Regional Chamber Foundation reported for one person in the fiscal year ending June 30, 2025 was $684,962, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Detroit Regional Chamber Foundation get its money?

Of $18.2 million in revenue in the fiscal year ending June 30, 2025, 94.3% came from contributions and grants and 5.4% from program service revenue (Form 990, Part VIII).

Is Detroit Regional Chamber Foundation a registered charity?

The IRS lists EIN 38-2352462 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640299349301429 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413559349301256 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303549349300410 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320599349301307 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230769349300613 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140909349301309 · read the filing

All filings for EIN 38-2352462: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.