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Kalamazoo Community Foundation

Kalamazoo, MI · EIN 38-3333202 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Kalamazoo Community Foundation reported $71.4 million in revenue and $34.7 million in expenses for calendar year 2024. Of every $100 it spent, $76.05 went to program services, $15.25 to management and general costs and $8.70 to fundraising. Its largest source of revenue was investment income: 72.1% of the total. The highest compensation it reported for one person was $397,965 (CEO/PRESIDENT). 10 people received more than $100,000 in reportable compensation. Revenue rose 37% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $35M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $71M

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

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
76.1%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
15.3%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
8.7%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.15$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
27.8%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$397,965$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.15%1.56%
People paid over $100,000
Part VII, line 2
103
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
240.756.6
Independent voting board members
Part VI 1a–1b
10 of 10100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$23M expenses · 86.6% of program spending · grants $22M · revenue $105K

Unrestricted funds: donors have established unrestricted funds which allow the Community Foundation to respond to the most challenging needs in the community, respond quickly to emergencies, and facilitate innovative responses to community challenges to meet the vision of kalamazoo county as the most equitable place to live

$2.2M expenses · 8.4% of program spending · grants $2.2M · revenue $271K

Scholarship funds provided fellowships and scholarships to 464 students

$560K expenses · 2.1% of program spending · grants $231K · revenue $232K

Opioid remediation mini-grant adminstration process: a contractural agreement to administer mini-grants utilizing funds provided by the county

$748K all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO/PRESIDENT
Officer, 40.00 hrs/week
$364,664$0$33,301$397,965
CHIEF PHILANTHROPY OFFICER
Officer, 40.00 hrs/week
$174,347$0$32,115$206,462
CHIEF INVESTMENT OFFICER
Officer, 40.00 hrs/week
$151,915$0$28,623$180,538
CHIEF TECHNOLOGY OFFICER
Officer, 40.00 hrs/week
$120,613$0$28,923$149,536
DIRECTOR, PEOPLE & CULTURE
Highest compensated employee, 40.00 hrs/week
$124,572$0$19,506$144,078
CHIEF COMMUNITY IMPACT OFFICER
Officer, 37.00 hrs/week
$122,326$0$9,957$132,283
DIRECTOR, DEVELOPMENT
Highest compensated employee, 40.00 hrs/week
$117,349$0$6,590$123,939
DIRECTOR, SCHOLORSHIPS
Highest compensated employee, 39.20 hrs/week
$106,337$0$15,091$121,428

10 people received more than $100,000 in reportable compensation from Kalamazoo Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (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$50M$100M$150M$200M201920202021202220232024$71M$35M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$71M$35M76.1%$696M$397,965
2023 ⓘ$41M$32M84.1%$635M$210,609
2022 ⓘ$42M$30M79.1%$563M$169,396
2021 ⓘ$78M$28M81.7%$671M$273,530
2020 ⓘ$122M$31M85.4%$581M$275,040
2019 ⓘ$52M$23M82.4%$544M$257,934

Governance answers, as filed

2024 · 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–1b10 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • 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 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 557
  • Volunteers Part I, line 683

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
PNC
Asset investment management services
$414,063
GREENLEAF TRUST
Asset investment management services
$196,108
LOOMIS SAYLES & COMPANY LP
Asset investment management services
$145,749
ARCADIA
Asset investment management services
$100,128

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Private foundation grants it received

16 private foundations reported grants to Kalamazoo Community Foundation totaling $2.4M 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 Kalamazoo Community 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 Kalamazoo Community Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Kalamazoo Community Foundation's spending goes to programs?

In calendar year 2024, Kalamazoo Community Foundation reported that 76.1% of its $34.7 million in expenses went to program services, 15.3% to management and general and 8.7% to fundraising (Form 990, Part IX).

How much does Kalamazoo Community Foundation pay its top executive?

The largest total compensation Kalamazoo Community Foundation reported for one person in calendar year 2024 was $397,965, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Kalamazoo Community Foundation get its money?

Of $71.4 million in revenue in calendar year 2024, 27.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Kalamazoo Community Foundation a registered charity?

The IRS lists EIN 38-3333202 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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

  • 2024: Form 990 for calendar year 2024, object 202533169349306943 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443109349300834 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343139349301969 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223139349300642 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133159349303858 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013149349302051 · read the filing

All filings for EIN 38-3333202: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.