2023-12-20T09:13:16-06:00 2023-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2022-07-01 382352462 DETROIT REGIONAL CHAMBER FOUNDATION INC DETR 3139644000 777 WOODWARD AVE STE 800 DETROIT MI 48226 SANDY BARUAH PRESIDENT 3135960353 2023-12-18 1 SANDY BARUAH 999009999 0 ADAM P WILLIAMS CPA P00641847 7347612005 2023-12-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SANDY BARUAH 777 WOODWARD AVE STE 800 DETROIT MI 48226 12220449 0 X WWW.DETROITCHAMBER.COM X 1981 MI DETROIT REGIONAL CHAMBER FOUNDATION, INC (THE "FOUNDATION") IS DEDICATED TO GROWING PROGRAMS OR INITIATIVES THAT ARE IMPORTANT TO ENSURING THE DETROIT REGION'S ECONOMY IS ONE OF THE FASTEST GROWING IN THE U.S. 18 15 0 156 0 0 12042057 11037082 942240 1153895 898 29472 0 0 12985195 12220449 1282972 884420 0 0 3619959 4775864 0 0 239415 4587972 7184845 9490903 12845129 3494292 -624680 6324468 5342608 422436 65256 5902032 5277352 X DETROIT REGIONAL CHAMBER FOUNDATION, INC. (THE "FOUNDATION") IS DEDICATED TO GROWING PROGRAMS OR INITIATIVES THAT ARE IMPORTANT TO ENSURING THE DETROIT REGION'S ECONOMY IS ONE OF THE FASTEST GROWING IN THE U.S. 0 0 3857220 154837 26000 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 MICHIGAN EDUCATION EXCELLENCE FOUNDATION ("MEEF"), A MICHIGAN NONPROFIT ORGANIZATION. UNDER A MEMORANDUM OF UNDERSTANDING WITH THE MEEF, 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 COLLECTED IN THE CITY OF DETROIT FOR THE EXPRESS PURPOSE OF FUNDING A COLLEGE PROMISE PROGRAM. THE DPZA HAS DESIGNATED THE FOUNDATION AS ITS PARTNER TO ADMINISTER THIS PROGRAM AND USES THE TAX CAPTURE REVENUE TO ALLOCATE FUNDING TO THE FOUNDATION TO FUND THE PROGRAM WITHIN THE STATUTE GUIDELINES. 1691207 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. 3276247 205515 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. 2493551 524068 1127895 ECONOMIC DEVELOPMENT:THE FOUNDATION'S ECONOMIC PROSPERITY STRATEGY POSITIONS THE DETROIT REGION FOR LONG-TERM GLOBAL COMPETITIVENESS FOR THE NEXT DECADE AND BEYOND. THE WORK IS FUNDED THROUGH CONTRIBUTIONS AND GRANTS FROM CORPORATE DONORS AND PRIVATE PHILANTHROPY. THE STRATEGY IS EXECUTED THROUGH A SERIES OF INITIATIVES ENSURING THE REGION IS EDUCATED, EMPLOYED, HEALTHY, AND LEADING IN NEXT-GENERATION MOBILITY.LEADERSHIP DETROIT:LEADERSHIP DETROIT PROVIDES THE FOUNDATION FOR A LIFELONG COMMITMENT TO LEADERSHIP BY CREATING AWARENESS OF KEY ISSUES THAT AFFECT THE DETROIT REGION AND TO CHALLENGE EMERGING AND EXISTING COMMUNITY LEADERS TO BRING ABOUT POSITIVE CHANGE IN THE COMMUNITY THROUGH INFORMED LEADERSHIP.RACIAL JUSTICE AND ECONOMIC EQUITY:THE FOUNDATION LEVERAGES ITS POSITION AS A COVENER OF BUSINESS TO ENSURE PERVASIVE AND LONG-TERM CHANGE BOTH SOCIETALLY AND ECONOMICALLY. THIS WORK IS ROOTED IN REFLECTIVE FOCUS ON ACCOUNTABILITY INTERNALLY AND EXTERNALLY THROUGH A COMMITMENT TO ENSURING THE REGION'S EQUITABLE FUTURE. 2493551 524068 1127895 11318225 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 27 0 1 0 0 0 0 0 0 0 0 0 0 0 X 18 15 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 MI X X DETROIT REGIONAL CHAMBER 3139644000 777 WOODWARD AVE SUITE 800 DETROIT MI 48226 SANDY K BARUAH PRESIDENT 15.00 22.50 X X 250706 376060 15597 LIAZBETH ARDISANA CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 RICHARD RASSEL VICE CHAIR 1.00 X X 0 0 0 BRADLEY WILLIAMS SECRETARY & EXECUTIVE DIRE 17.00 20.50 X X 103391 131589 19458 KAREN BELANS TREASURER 13.00 24.50 X X 126137 234256 22154 MEGAN SPANITZ VICE- PRESIDENT, RESOURCE 11.00 26.50 X 88348 227183 13447 GLENN STEVENS VICE- PRESIDENT, AUTOMOTIV 37.50 X 279306 0 8415 TAMMY CARNRIKE CHIEF OPERATING OFFICER 4.00 33.50 X 44043 396388 12106 GREGORY HANDEL VICE PRESIDENT, EDUCATION 37.50 X 208695 0 17611 JASON JURCZYK SENIOR DIRECTOR, ACCOUNTIN 13.00 24.50 X 51776 120810 18305 WENDY NODGE SENIOR DIRECTOR, SIGNATURE 1.00 37.50 X 0 190309 18635 JAMES P CONNARN SENIOR DIRECTOR, MARKETING 1.00 37.50 X 0 157140 8665 DRAKE A HAYNES DIRECTOR, INFORMATION TECHNOLOGY 4.00 33.50 X 12836 115522 16722 LORI A SHIELS SENIOR DIRECTOR, ENGAGEMENT AND MEMBERSHIP DEVELOP 19.00 18.50 X 64439 64439 14050 AMBER ARELLANO DIRECTOR 1.00 X 0 0 0 MIKE SCHMIDT DIRECTOR 1.00 X 0 0 0 MATT FRIEDMAN DIRECTOR 1.00 X 0 0 0 LOUIS GLAZER DIRECTOR 1.00 X 0 0 0 JOHN JAMES DIRECTOR 1.00 X 0 0 0 GEORGE LENYO DIRECTOR 1.00 X 0 0 0 THOMAS LINN DIRECTOR 1.00 X 0 0 0 NANCY MOODY DIRECTOR 1.00 X 0 0 0 DANIEL PONDER DIRECTOR 1.00 X 0 0 0 ROBERT RINEY DIRECTOR 1.00 X 0 0 0 FRANK VENEGAS DIRECTOR 1.00 X 0 0 0 RYAN MAIBACH DIRECTOR 1.00 X 0 0 0 NICO SCHULTZ DIRECTOR 1.00 X 0 0 0 1229677 2013696 185165 5 0 1 0 0 1400000 9637082 11037082 ECONOMIC DEVELOPMENT 900099 778500 778500 LEADERSHIP DETROIT 900099 341895 341895 DETROIT PROMISE 900099 26000 26000 RACIAL JUSTICE AND ECONOMIC EQUIT 900099 7500 7500 1153895 29472 29472 12220449 1153895 0 29472 X 884420 884420 1120830 840659 240271 39900 2924244 2193278 626867 104099 210666 172705 30008 7953 235830 193335 33592 8903 284294 225253 49720 9321 4008996 3932647 76328 21 336812 243652 92659 501 37220 20889 15084 1247 122159 54981 66018 1160 121676 114282 6366 1028 14550 12528 1941 81 90245 71543 16218 2484 TUITION EXPENSE 1740655 1740655 EVENT PRODUCTION 636345 582369 8227 45749 OTHER 40607 24456 16151 COMMUNITY OUTREACH 35580 10573 24190 817 12845129 11318225 1287489 239415 1385408 1414879 4932558 3412684 6502 515045 6324468 5342608 3315 7890 70 57366 419051 0 422436 65256 X 527799 557478 5374233 4719874 5902032 5277352 6324468 5342608 -624680 0 X 0 1 X 1 0 X X X 1 DETROIT REGIONAL CHAMBER 380477570 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 3B: THE FOUNDATION AND THE DETROIT REGIONAL CHAMBER (THE "CHAMBER") HAVE COMMON MANAGEMENT TEAMS. MANAGEMENT HAS A COPY OF THE INTERNAL REVENUE SERVICE DETERMINATION LETTER INDICATING THAT THE CHAMBER QUALIFIES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). MANAGEMENT ANNUALLY REVIEWS THE CHAMBER'S FINANCIAL ACTIVITY TO ASCERTAIN THAT THE CHAMBER CONTINUES TO SATISFY THE PUBLIC SUPPORT TESTS UNDER INTERNAL REVENUE CODE SECTION 509(A)(2). PART IV, SECTION A, LINE 3C: ANY FUNDS PROVIDED BY THE FOUNDATION TO THE CHAMBER ARE USED BY THE PROGRAMS FOR WHICH THEY ARE INTENDED. ALL PROGRAMS OF BOTH THE FOUNDATION AND THE CHAMBER HAVE THEIR OWN COST CENTERS TO KEEP FINANCIAL ACTIVITY SEGREGATED. THIS ACTIVITY IS MONITORED BY THE ORGANIZATIONS' COMMON MANAGEMENT TEAMS. PART IV, SECTION C, LINE 1: THE MEMBERSHIP OF THE FOUNDATION CONSISTS OF THE MEMBERS OF THE CHAMBER'S EXECUTIVE COMMITTEE. THE CHAMBER'S EXECUTIVE COMMITTEE APPROVES THE SELECTION OF THE FOUNDATION'S BOARD OF DIRECTORS. THE FOUNDATION'S BOARD OF DIRECTORS RECOMMENDS POLICIES THAT ARE SUBMITTED TO THE CHAMBER'S EXECUTIVE COMMITTEE FOR APPROVAL. THE FOUNDATION'S BOARD OF DIRECTORS DOES NOT VOTE ON OR INSTITUTE ANY POLICY INDEPENDENT OF THE CHAMBER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PREPAID GENERAL EXPENSES 4676 DUE FROM DETROIT REGIONAL CHAMBER 496591 SOFTWARE 16000 ACCUMULATED DEPRECIATION - SOFTWARE -2222 515045 X 12220449 0 12220449 0 12220449 12845129 0 12845129 0 12845129 PART X, LINE 2: THE FOUNDATION'S MANAGEMENT IS NOT AWARE OF ANY UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2022 OR 2023. X X X X X 1 THE REMINGTON GROUP 21820 DOVER CT BEVERLY HILLS MI 48025 ADVISES OF POTENTIAL TARGETS TO MEET WITH AND DOLLAR AMOUNT 0 75000 60000 0 75000 60000 MI 0 2BRIGHT ENTERPRISES 8424 W MCNICHOLS ROAD DETROIT MI 48221 812618333 501(C)(3) 15000 0 GENERAL SUPPORT AGI CONSTRUCTION 1211 TRUMBULL DETROIT MI 48216 263294437 501(C)(3) 15000 0 GENERAL SUPPORT AUSOME LEARNING CENTER 12400 E 7 MILE RD DETROIT MI 48205 830727358 501(C)(3) 30000 0 GENERAL SUPPORT BAGS TO BUTTERFLIES 9138 GOODWIN DETROIT MI 48211 475088762 501(C)(3) 15000 0 GENERAL SUPPORT BRILLIANT DETROIT 5675 LARKINS STREET DETROIT MI 48210 473446334 501(C)(3) 30000 0 GENERAL SUPPORT CODE313 2987 FRANKLIN ST DETROIT MI 48207 833348532 501(C)(3) 30000 0 GENERAL SUPPORT DEEPLY ROOTED PRODUCE 14461 E 7 MILE UNIT 5243 DETROIT MI 48205 822635772 501(C)(3) 15000 0 GENERAL SUPPORT DETERMINED EXCEPTIONAL FEARLESS YOUTH 19190 GREENFIELD RD DETROIT MI 48235 844956469 501(C)(3) 30000 0 GENERAL SUPPORT DETROIT SCHOOL OF GYMNASTICS 19010 SCHOOLCRAFT AVE DETROIT MI 48223 377215585 501(C)(3) 15000 0 GENERAL SUPPORT DETROIT TRAINING CENTER INC 5151 LORAINE ST DETROIT MI 48208 461043122 501(C)(3) 15000 0 GENERAL SUPPORT DETROIT UNITED LACROSSE ASSOCIATION 14961 ROSEMONT AVE DETROIT MI 48223 843024908 501(C)(3) 30000 0 GENERAL SUPPORT DREAM OF DETROIT PO BOX 38152 DETROIT MI 48238 464246696 501(C)(3) 30000 0 GENERAL SUPPORT EVERY CHILD IS A GENIUS 1044 TOWNSEND DETROIT MI 48214 871676481 501(C)(3) 15000 0 GENERAL SUPPORT NIA PURPOSE 8321 ESPER DETROIT MI 48204 472411964 501(C)(3) 15000 0 GENERAL SUPPORT PEOPLE FOR PALMER PARK PO BOX 43735 DETROIT MI 48243 274528966 501(C)(3) 30000 0 GENERAL SUPPORT RENAISSANCE OF HOPE 10100 GRAND RIVER DETROIT MI 48204 862582496 501(C)(3) 30000 0 GENERAL SUPPORT RESCUE MI NATURE NOW INC 19984 DERBY ST DETROIT MI 48203 833748034 501(C)(3) 30000 0 GENERAL SUPPORT SINAI-GRACE GUILD COMMUNITY DEVELOPMENT CORPORATION 6071 W OUTER DRIVE SUITE L440 DETROIT MI 48235 386092104 501(C)(3) 30000 0 GENERAL SUPPORT THE EVENT SUPPLIERS LLC 1992 JAMES COUZENS DETROIT MI 48235 861560146 501(C)(3) 15000 0 GENERAL SUPPORT THUMBPRINT FULFILLMENT 2449 RIOPELLE ST DETROIT MI 48027 823746304 501(C)(3) 15000 0 GENERAL SUPPORT 20 0 PART I, LINE 2: GRANT FUNDS ARE RECORDED AND TRACKED USING SEPARATE COST CENTERS IN THE GENERAL LEDGER. THE PROGRAM MANAGER, MONITORS EXPENSES ON A MONTHLY BASIS, WHICH ARE APPROVED BY THE APPROPRIATE EXECUTIVE MANAGEMENT TEAM (EMT) MEMBER. GRANT FUNDS PAID OUT ARE DONE SO THROUGH THE NORMAL ACCOUNTS PAYABLE PROCESS, WITH A CHECK REQUEST OR INVOICE (APPROVED BY PROGRAM MANAGER AND EMT MEMBER) SUBMITTED TO ACCOUNTING. INVOICES ARE ENTERED INTO THE ACCOUNTS PAYABLE SYSTEM, THEN APPROVED BY THE CFO OR SR. DIRECTOR, ACCOUNTING. CHECKS OVER $4,000 REQUIRE TWO SIGNATURES. PROGRESS REPORTS ARE SUBMITTED TO FUNDERS TO SHOW ACTUAL EXPENDITURES COMPARED TO THE APPROVED GRANT BUDGET. X X 1 1 X X X X X X 0 0 0 0 0 0 1 0 0 SANDY K BARUAH PRESIDENT 171028 256542 74878 112318 4800 7200 3660 5490 2579 3868 256945 385418 0 0 BRADLEY WILLIAMS SECRETARY & EXECUTIVE DIRE 86741 110397 10314 13128 6336 8064 2792 3554 5769 7343 111952 142486 0 0 KAREN BELANS TREASURER 91833 170548 30608 56844 3696 6864 3203 5948 4551 8452 133891 248656 0 0 MEGAN SPANITZ VICE- PRESIDENT, RESOURCE 67105 172557 18421 47368 2822 7258 2562 6588 1203 3094 92113 236865 0 0 GLENN STEVENS VICE- PRESIDENT, AUTOMOTIV 223400 0 44386 0 11520 0 8415 0 0 0 287721 0 0 0 TAMMY CARNRIKE CHIEF OPERATING OFFICER 32959 296635 10124 91113 960 8640 915 8235 296 2660 45254 407283 0 0 GREGORY HANDEL VICE PRESIDENT, EDUCATION 153774 0 47721 0 7200 0 4829 0 12782 0 226306 0 0 0 JASON JURCZYK SENIOR DIRECTOR, ACCOUNTIN 45227 105529 6549 15281 0 0 1558 3635 3934 9178 57268 133623 0 0 WENDY NODGE SENIOR DIRECTOR, SIGNATURE 0 176583 0 13726 0 0 0 5724 0 12911 0 208944 0 0 JAMES P CONNARN SENIOR DIRECTOR, MARKETING 0 143045 0 14095 0 0 0 4306 0 4359 0 165805 0 0 DRAKE A HAYNES DIRECTOR, INFORMATION TECHNOLOGY 11740 105659 1096 9863 0 0 387 3479 1286 11570 14509 130571 0 0 LORI A SHIELS SENIOR DIRECTOR, ENGAGEMENT AND MEMB 58805 58805 5634 5634 0 0 1802 1802 5223 5223 71464 71464 0 0 PART I, LINE 6 THE FOUNDATION ACCRUES BONUS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND OTHER EXECUTIVE MANAGEMENT STAFF BASED ON PREDETERMINED PERCENTAGES THAT HAVE BEEN OUTLINED IN THEIR EMPLOYMENT CONTRACTS OR OTHER EMPLOYMENT MEMOS AND APPROVED BY THE COMPENSATION COMMITTEE. THE FINAL BONUS ELIGIBILITY AND AMOUNT IS BASED ON PERFORMANCE EVALUATIONS AND PERCENTAGES OF GOAL ACHIEVEMENT APPROVED BY THE CEO AND THE COMPENSATION COMMITTEE. PAYOUT OF ANY PERFORMANCE BONUS IS SUBJECT TO OVERALL CONSOLIDATED ORGANIZATIONAL FINANCIAL PERFORMANCE TO ENSURE SUFFICIENT FUNDS AND IS NOT PAID UNTIL THE FINANCIAL RESULTS OF THE FOUNDATION'S SUPPORTED ORGANIZATION, THE DETROIT REGIONAL CHAMBER, ARE DETERMINED AT THE END OF THE FISCAL YEAR. THE BONUSES ARE PAID OUT WITHIN 75 DAYS OF THE END OF THE FISCAL YEAR. FOR THE YEAR ENDED JUNE 30, 2023, THE CEO BONUS WAS APPROVED BY THE COMPENSATION COMMITTEE CHAIR TO BE PAID OUT IN JULY 2023. IF THE BOARD APPROVED BUDGETED NET PERFORMANCE RESULTS OF THE CONSOLIDATED CHAMBER WERE NOT MET, THE BONUS AMOUNTS WOULD BE REDUCED OR ELIMINATED SO AS NOT TO CREATE NEGATIVE NET EARNINGS AS COMPARED TO THE BUDGET FOR THE FOUNDATION. BONUS POOLS FOR THE CEO, EXECUTIVE MANAGEMENT TEAM, AND OTHER EMPLOYEES ARE APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF THE DETROIT REGIONAL CHAMBER FOUNDATION, INC. CONSISTS OF 18 PROMINENT BUSINESS LEADERS FROM THE COMMUNITY REPRESENTING A DIVERSITY OF BUSINESS SECTORS. THERE ARE BOARD MEMBERS WHOSE COMPANIES HAVE "ARMS LENGTH" BUSINESS TRANSACTIONS WITH OTHER BOARD MEMBERS' COMPANIES. THE FOUNDATION'S BOARD MEMBERS ARE ALSO IN HIGH DEMAND TO SERVE ON OTHER BOARDS. IT IS NOT UNUSUAL FOR SOME OF THE FOUNDATION'S BOARD MEMBERS TO SIT ON OTHER BOARDS, INCLUDING COMPANIES THAT ARE REPRESENTED ON THE FOUNDATION BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE VOTING MEMBERS OF THE FOUNDATION ARE THOSE PERSONS THAT CONSTITUTE THE EXECUTIVE COMMITTEE OF THE DETROIT REGIONAL CHAMBER'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, THE CHIEF OPERATING OFFICER, AND THE CHIEF FINANCIAL OFFICER. THE BOARD OF DIRECTORS HAS APPOINTED AN AUDIT AND FINANCE COMMITTEE, WHICH IS A COMMITTEE OF THE BOARD OF DIRECTORS. THE AUDIT AND FINANCE COMMITTEE'S PRIMARY FUNCTION IS TO ASSIST THE BOARD OF DIRECTORS IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES BY REVIEWING THE FINANCIAL INFORMATION WHICH WILL BE PROVIDED TO THE FOUNDATION AND OTHERS, THE SYSTEM OF INTERNAL CONTROLS WHICH MANAGEMENT AND THE BOARD HAVE ESTABLISHED, AND THE AUDIT PROCESS. IN DOING SO, IT IS THE AUDIT AND FINANCE COMMITTEE'S RESPONSIBILITY TO PROVIDE AN OPEN AVENUE OF COMMUNICATION BETWEEN THE BOARD OF DIRECTORS, MANAGEMENT, AND THE FOUNDATION'S EXTERNAL AUDITORS. PRIOR TO SUBMISSION OF THE FORM 990, THE RETURN IS REVIEWED WITH THE CHAIR OF THE AUDIT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 DETROIT REGIONAL CHAMBER FOUNDATION, INC. SHARES ADMINISTRATIVE STAFF WITH ITS SUPPORTED ORGANIZATION, THE DETROIT REGIONAL CHAMBER. THE CHAMBER AND ITS COMPENSATION COMMITTEE HAVE AN EXTENSIVE PROCESS TO REVIEW ALL MATTERS OF EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 3,856,641. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,856,641. PROFESSSIONAL FEES: PROGRAM SERVICE EXPENSES 76,006. MANAGEMENT AND GENERAL EXPENSES 76,328. FUNDRAISING EXPENSES 21. TOTAL EXPENSES 152,355. DETROIT REGIONAL CHAMBER 777 WOODWARD AVE SUITE 800 DETROIT MI 48226 380477570 SEE PART VII MI 501(C)(6) N/A 0 MICHIGAN FUTURE INC PO BOX 130416 ANN ARBOR MI 48113 383001180 SEE PART VII MI 501(C)(3) LINE 11A, I N/A 0 DETROIT REGIONAL CHAMBER SERVICES INC 777 WOODWARD AVE SUITE 800 DETROIT MI 48226 382479423 AFFINITY SERVICES MI N/A C 0 NATIONAL COMMERCE GROUP 777 WOODWARD AVE SUITE 800 DETROIT MI 48226 203796295 AFFINITY SERVICES MI N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DETROIT REGIONAL CHAMBER C 1150000 SEE PART VII DETROIT REGIONAL CHAMBER SERVICES INC C 250000 SEE PART VII SCHEDULE R, PART II PRIMARY ACTIVITY - THE DETROIT REGIONAL CHAMBER IS A CHAMBER OF COMMERCE AND IS THE SUPPORTED ORGANIZATION OF THE FOUNDATION. MICHIGAN FUTURE, INC'S MISSION IS TO DEVELOP AND ADVANCE A PRACTICAL VISION OF MICHIGAN'S SOCIAL, EDUCATIONAL, AND ECONOMIC FUTURE. SCHEDULE R, PART V SHARED COSTS - THE DETROIT REGIONAL CHAMBER AND DETROIT REGIONAL CHAMBER FOUNDATION, INC. SHARE A COMMON OFFICE AND UTILIZE A COMMON PAYROLL SYSTEM, WITH ALL PAYROLL TAX RETURNS FILED BY THE CHAMBER. DIRECT EXPENSES FOR THE FOUNDATION ARE CHARGED DIRECTLY. SHARED FACILITY COSTS, AS WELL AS ADMINISTRATIVE STAFF, ARE ALLOCATED BETWEEN THE ORGANIZATIONS BASED ON FTE. THESE COSTS, AND THE METHOD IN WHICH THEY ARE ALLOCATED ARE DEFINED IN A FORMAL COST SHARING AGREEMENT. THIS COST SHARING AGREEMENT HAS BEEN REVIEWED BY THE TAX DEPARTMENT OF AN INDEPENDENT ACCOUNTING FIRM TO ENSURE THE AGREEMENT AND ALLOCATION METHOD ARE REASONABLE, ARE IN COMPLIANCE WITH THE INTERNAL REVENUE CODE, AND ARE APPLIED IN A CONSISTENT MANNER.