Civic Intelligence

Foundation for Flint

990 • Fiscal year 2020 • EIN 81-2649933

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

500 S SAGINAW STREET suite 200Flint, MI 48502

(810) 767-8270

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.25x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

1st percentile

-315%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

71st percentile

$250,771

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 41.2% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

10th percentile

-5.9%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-35%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$20,403,324

Down $1,281,349 (-5.9%) from 2019

Net Assets

Down

$20,252,925

Down $1,334,924 (-6.2%) from 2019

Liabilities

Up

$150,399

Up $53,575 (+55%) from 2019

Revenue

Down

$609,162

Down $330,971 (-35%) from 2019

Expenses

Up

$2,526,376

Up $58,864 (+2.4%) from 2019

Net Income

Down

-$1,917,214

Down $389,835 (-26%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2016: $25,396,154Liabilities 2016: $531,418Net Assets 2016: $24,864,7362016Assets 2017: $26,043,014Liabilities 2017: $1,094,240Net Assets 2017: $24,948,7742017Assets 2018: $22,678,112Liabilities 2018: $496,226Net Assets 2018: $22,181,8862018Assets 2019: $21,684,673Liabilities 2019: $96,824Net Assets 2019: $21,587,8492019Assets 2020: $20,403,324Liabilities 2020: $150,399Net Assets 2020: $20,252,9252020Assets 2021: $18,213,449Liabilities 2021: $25,805Net Assets 2021: $18,187,6442021Assets 2022: $15,901,477Liabilities 2022: $7,826Net Assets 2022: $15,893,6512022Assets 2023: $15,389,707Liabilities 2023: $6,230Net Assets 2023: $15,383,4772023Assets 2024: $4,557,368Liabilities 2024: $0Net Assets 2024: $4,557,3682024

Highlighted filing

2020

Assets$20,403,324
Liabilities$150,399
Net Assets$20,252,925

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2016: $27,302,943Expenses 2016: $2,438,207Net Income 2016: $24,864,7362016Revenue 2017: $3,154,771Expenses 2017: $3,592,640Net Income 2017: -$437,8692017Revenue 2018: $1,126,163Expenses 2018: $3,173,066Net Income 2018: -$2,046,9032018Revenue 2019: $940,133Expenses 2019: $2,467,512Net Income 2019: -$1,527,3792019Revenue 2020: $609,162Expenses 2020: $2,526,376Net Income 2020: -$1,917,2142020Revenue 2021: $993,569Expenses 2021: $2,744,637Net Income 2021: -$1,751,0682021Revenue 2022: $299,795Expenses 2022: $1,649,696Net Income 2022: -$1,349,9012022Revenue 2023: $277,197Expenses 2023: $1,128,726Net Income 2023: -$851,5292023Revenue 2024: $330,268Expenses 2024: $11,202,510Net Income 2024: -$10,872,2422024

Highlighted filing

2020

Revenue$609,162
Expenses$2,526,376
Net Income-$1,917,214
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$3,485,810
Mission and Program Overview

Mission

To support and benefit the community foundation of greater flint. The organization will address a wide variety of community needs in greater flint, and its immediate priority is to provide aid to those affected by the flint water crisis.

Established to assist in flint's emergency and recovery efforts in response to the flint water crisis to serve the long-term health and development needs of flint.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,621,700$10,621,700→ $0
Investments in Publicly Traded Securities$10,380,518$9,354,499▼ $1,026,019
Cash and Non-Interest-Bearing Accounts$681,454$427,125▼ $254,329
Prepaid Expenses and Deferred Charges$1,001$0▼ $1,001
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$21,684,673$20,403,324▼ $1,281,349
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$95,000$147,000▲ $52,000
Accounts Payable and Accrued Expenses$1,824$3,399▲ $1,575
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$96,824$150,399▲ $53,575
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,139,336$20,107,386▼ $1,031,950
Net Assets Without Donor Restrictions$448,513$145,539▼ $302,974
Total Net Assets Fund Balance$21,587,849$20,252,925▼ $1,334,924
Total Liabilities and Net Assets / Fund Balance$21,684,673$20,403,324▼ $1,281,349
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sue PetersVP of Community Impact$147,678$147,678
Brett HunkinsCFO$147,060$147,060
JA'NEL JAMERSONExecutive Director, Fecc$128,099$128,099
Karima Amlani BostickVP of Development$110,934$110,934

Board Members and Trustees

NameTitle
Mark PiperChair
Isaiah OliverPresident & CEO
Leanne PandurenVice Chair
Bobby B MukkumulaDirector
George WilkinsonDirector
Manal SaabSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$146,352
Program Service Revenue
$0
Investment Income
$462,810
Other Revenue
$0
All Other Contributions
$146,352
Change in Net Assets
$-1,917,214

Audited Revenue Reconciliation

Revenue per Audited Statements
$609,162
Revenue Not Reported on Form 990
$430,609
Total Revenue per Audited Statements
$1,039,771
Total Revenue per Form 990
$609,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,016,671
Other Expenses$509,705
Total Fundraising Expense$8,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,016,671--$2,016,671
Fees for Services Other$23,919$300,425$3,762$328,106
Occupancy$145,000--$145,000
Fees for Service Investment Mgmnt Fees$12,833--$12,833
Office Expenses$10,000$50$297$10,347
Fees for Services Accounting-$6,480-$6,480
Fees for Services Legal--$2,875$2,875
Insurance-$2,684-$2,684
Other Expenses--$298$298
Conferences and Meetings$185--$185
Advertising--$88$88
Total Functional Expenses$2,208,608$309,639$8,129$2,526,376

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,526,376
Expenses per Audited Statements$2,374,695
Total Expenses per Audited Statements$2,374,695
Expenses Not Reported on Financial Statements$151,681
Other Expense Adjustments$151,681
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Child Care NetworkAnn Arbor, MI501(c)(3)Program Support$250,000
Greater Flint Health CoalitionFlint, MI501(c)(3)Program Support$250,000
Mass Transit AuthorityFlint, MI170(c)(1)Program Support$200,000
Crim Fitness Foundation IncFlint, MI501(c)(3)Program Support$197,000
Fair Food NetworkAnn Arbor, MI501(c)(3)Program Support$160,000
Flint Public LibraryFlint, MI170(c)(1)Program Support$150,000
Michigan State UniversityEast Lansing, MI501(c)(3)Program Support$132,671
Sylvester Broome Empowerment VillageFlint, MI501(c)(3)Program Support$130,500
Genesee Health SystemFlint, MI170(c)(1)Program Support$100,000
Michigan Breastfeeding NetworkLansing, MI501(c)(3)Program Support$100,000
Quinn Chapel African Methodist Episcopal ChurchFlint, MI501(c)(3)Program Support$52,000
Communities First IncFlint, MI501(c)(3)Program Support$51,000
Boys and Girls Club of Greater FlintFlint, MI501(c)(3)Program Support$50,000
Ennis Center for Children IncFlint, MI501(c)(3)Program Support$45,000
Genesee Intermediate School DistrictFlint, MI170(c)(1)Program Support$40,000
Michigan Conference of the United Methodist ChurchDewitt, MI501(c)(3)Program Support$40,000
Child Connect for Family SuccessHowell, MI501(c)(3)Program Support$35,000
Big Brothers Big Sisters of Flint and Genesee CounFlint, MI501(c)(3)Program Support$33,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Foundation for Flint
EIN
81-2649933
In Care Of
% BRETT HUNKINS
Phone
8107678270
Address
500 S SAGINAW STREET suite 200, FLINT, MI 48502

Signing Officer

Name
Isaiah Oliver
Title
President
Phone
8107678270
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaiah Oliver
Formed
2016
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
13

Preparer

Firm
Bdo USA Llp
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Jacob Cook
Phone
6167747000
Supplemental Narrative

Additional Explanations

Management Fees

FORM 990, PART VI, SECTION A, LINE 3 Management of the daily operations of the Foundation for Flint are performed by a supported organization, the Community Foundation of Greater Flint.

Power to Elect or Appoint Members of the Governing Body

Form 990, part vi, section a, line 7a the board of trustees of the community foundation of greater flint appoints the board of directors of the organization.

Form 990 Review Process

FORM 990, PART VI, SECTION B, LINE 11B The community foundation of Greater flint's audit committee reviews the Form 990 on behalf of the Foundation for Flint Board.

Conflict of Interest Policy

Form 990, part vi, section b, line 12c directors are required to abstain from discussion and voting where conflict exists.

Process for Determining Compensation of Officers and Key Employee

Form 990, part vi, section b, line 15 independent compensation study performed and presented to executive committee. Executive committee approves president's salary annually.

Availability of Documents to the Public

Form 990, part vi, section c, line 19 the community foundation of greater flint holds the records for the foundation for flint and will make available for public inspection its tax documents, including internal revenue service forms 990, 990t (if applicable), the foundation's application for tax exemption, irs form 1023, the fff bylaws, the conflict of interest policy, and the audited financial statements. If the request for any of these documents is made in person, the requested documents will be provided on the day of the request, if possible. If the request is in writing (including email), copies will be provided within 30 days of the request. The requestor will be charged a reasonable fee for the cost of copying, plus postage. Additionally, these documents are available on the website at www.cfgf.org.

Reconciliation of Net Assets

Form 990, part xi, line 9 returned grant: $151,681

Financial Statement Notes

Accounting for Uncertainty of Income Taxes

Schedule d, part x, line 2 the foundation for flint is exempt from federal income tax under the provisions of section 501(c)(3) of the internal revenue code (irc) of 1986. The foundation for flint has been classified as an organization that is not a private foundation as defined in sections 509(a)(1) and 170(b)(1)(a)(vi) of the irc. The foundation for flint applies a more-likely-than-not recognition threshold for all tax uncertainties. Tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities are recognized. Based on its evaluation, the foundation for flint has concluded there are no significant uncertain tax positions requiring recognition in its financial statements.

Returned Grants

Schedule d, part xii, line 4b returned grants: $151,681

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR, FECC
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
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IRS990/FormationYr02016
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IRS990/GainOrLossGrp/SecuritiesAmt083982
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IRS990/GamingGrossIncomeAmt00
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IRS990/GrantsPayableGrp/BOYAmt095000
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IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02684
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IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt09354499
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02876648
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IRS990/MissionDesc0TO SUPPORT AND BENEFIT THE COMMUNITY FOUNDATION OF GREATER FLINT. THE ORGANIZATION WILL ADDRESS A WIDE VARIETY OF COMMUNITY NEEDS IN GREATER FLINT, AND ITS IMMEDIATE PRIORITY IS TO PROVIDE AID TO THOSE AFFECTED BY THE FLINT WATER CRISIS.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt010000
IRS990/OfficeExpensesGrp/TotalAmt010347
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DONOR DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0809
IRS990/OtherExpensesGrp/FundraisingAmt1298
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IRS990/OtherExpensesGrp/TotalAmt1298
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt010621700
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01001
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IRS990/PrincipalOfficerNm0ISAIAH OLIVER
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0382190667
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02016671
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COMMUNITY FOUNDATION OF GREATER FLINT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02016671
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0151681
IRS990ScheduleD/ExpensesSubtotalAmt02374695
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0430609
IRS990ScheduleD/OtherExpensesNotIncludedAmt0151681
IRS990ScheduleD/RevenueNotReportedAmt0430609
IRS990ScheduleD/RevenueSubtotalAmt0609162
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART X, LINE 2 THE FOUNDATION FOR FLINT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) OF 1986. THE FOUNDATION FOR FLINT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE IRC. THE FOUNDATION FOR FLINT APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD FOR ALL TAX UNCERTAINTIES. TAX BENEFITS THAT HAVE A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES ARE RECOGNIZED. BASED ON ITS EVALUATION, THE FOUNDATION FOR FLINT HAS CONCLUDED THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHEDULE D, PART XII, LINE 4B RETURNED GRANTS: $151,681
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ACCOUNTING FOR UNCERTAINTY OF INCOME TAXES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1RETURNED GRANTS
IRS990ScheduleD/TotalExpensesPerForm990Amt02526376
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0609162
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01039771
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02374695
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/CashGrantAmt1250000
IRS990ScheduleI/RecipientTable/CashGrantAmt2200000
IRS990ScheduleI/RecipientTable/CashGrantAmt3197000
IRS990ScheduleI/RecipientTable/CashGrantAmt4160000

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