2024-03-08T13:22:39-06:00 2023-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2023-01-01 453076410 MICHIGAN EDUCATION EXCELLENCE FOUNDATION MICH 2487239570 1420 WASHINGTON BLVD 301 DETROIT MI 48226 PETER REMINGTON PRESIDENT 2487239570 2024-03-05 1 PETER REMINGTON 999009999 1 BRANDY L MIKULA CPA P00645694 5173237500 2024-03-05 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z PETER REMINGTON 1420 WASHINGTON BLVD 301 DETROIT MI 48226 349837 0 X N/A X 2011 MI TO COLLECT, INVEST, AND DISTRIBUTE FUNDS TO IMPROVE AND REFORM EDUCATION IN MICHIGAN. 9 9 0 9 0 0 100025 275284 0 74553 0 0 0 0 100025 349837 0 375000 0 0 0 0 48000 40000 40000 87087 227558 135087 642558 -35062 -292721 271261 8715 250000 280175 21261 -271460 X DEDICATED TO SUPPORTING INNOVATIVE, TRANSFORMATIVE LEARNING FOR ALL STUDENTS IN MICHIGAN, THE FOUNDATION COLLECTS, INVESTS, AND DISTRIBUTES FUNDS TO BOARD DESIGNATED INITIATIVES, LIKE THE DETROIT PROMISE, AS PART OF OUR MISSION TO IMPROVE AND REFORM EDUCATION IN MICHIGAN. 0 0 540593 375000 74553 FUNDING TO THE DETROIT REGIONAL CHAMBER FOUNDATION FOR THE DETROIT PROMISE, WHICH GIVES SCHOLARSHIPS TO ANY GRADUATE IN DETROIT TO ATTEND A TWO-YEAR COMMUNITY COLLEGE OR A FOUR-YEAR UNIVERSITY IN THE STATE OF MICHIGAN. AS PART OF THE DETROIT PROMISE, MEEF ALSO FUNDS THE DETROIT PROMISE PATH, THE COACHING PROGRAM AT THE COMMUNITY COLLEGES. 540593 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MI X MADELINE WYATT 2483026045 1420 WASHINGTON BLVD 301 DETROIT MI 48226 X SANDY BARUAH DIRECTOR 1.00 X 0 0 0 JEFF DONOFRIO DIRECTOR 1.00 X 0 0 0 FAYE NELSON DIRECTOR 1.00 X 0 0 0 MONICA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 ASHLEY AIDENBAUM DIRECTOR 1.00 X 0 0 0 EVAN WEINER TREASURER 1.00 X X 0 0 0 LARRY SIMMONS VICE CHAIR 1.00 X X 0 0 0 STEVEN HAMP CHAIR 1.00 X X 0 0 0 PETER REMINGTON PRESIDENT/CEO 10.00 X X 0 0 0 0 0 0 0 0 0 0 0 275284 275284 PROMISE NET 611710 74553 74553 74553 349837 74553 0 0 375000 375000 60000 60000 530 265 265 3000 1500 1500 40000 40000 35 35 165 165 PROMISENET EXPENSES 163828 163828 642558 540593 61965 40000 271261 8707 8 271261 8715 230000 280175 20000 0 250000 280175 X -283739 -576460 305000 305000 21261 -271460 271261 8715 -292721 0 X 0 0 0 X 2045060 649074 242013 100025 275284 3311456 74553 74553 2045060 649074 242013 100025 349837 3386009 1165000 1165000 0 1165000 1165000 2221009 2045060 649074 242013 100025 349837 3386009 0.65590 0.00000 X MICHIGAN EDUCATION EXCELLENCE FOUNDATION RECEIVES MORE THAN 10% OF ITS SUPPORT FROM THE PUBLIC. THE SUPPORT RECEIVED IS NOT FROM ONE FAMILY OR GROUP OF ENTITIES. MICHIGAN EDUCATION EXCELLENCE FOUNDATION UTILIZES THE PROFESSIONAL FUNDRAISING SERVICES OF THE REMINGTON GROUP TO ACTIVELY ATTEMPT TO INCREASE THEIR CONTRIBUTIONS INCOME. MAJOR SUPPORTERS OF THE ORGANIZATION HAVE BEEN DWINNDELNG OVER THE PRIOR 5 YEARS BUT USE OF PROFESSIONAL FUNDRAISING BY THE REMINGTON GROUP HOPES TO ALLEVIATE THIS ISSUE GOING FORWARD. IN 2018 THE ORGANIZATION HAD 7 MAJOR SUPPORTERS LISTED ON SCHEDULE B, IN 2019 5 SUPPORTERS, IN 2020 THERE WERE 5 SUPPORTERS AS WELL, IN 2021 THERE WERE 4, IN 2022 THERE WAS ONLY ONE SUPPORTER, BUT IN 2023 THERE WERE 4 SUPPORTERS. THE PUBLIC SUPPORT PERCENTAGE HAS BEEN SLIGHTLY BELOW 33 1/3% FOR THE PRIOR THREE YEARS BUT HAS OTHERWISE EXCEEDED THE THRESHOLD. IN ADDITION, THE BOARD IS MADE UP OF INDIVIDUALS THAT REPRESENT THE BROAD INTERESTS OF THE PUBLIC. DEDICATED TO SUPPORTING INNOVATIVE, TRANSFORMATIVE LEARNING FOR ALL STUDENTS IN MICHIGAN, MICHIGAN EDUCATION EXCELLENCE FOUNDATION COLLECTS, INVESTS, AND DISTRIBUTES FUNDS TO IMPROVE AND REFORM EDUCATION IN MICHIGAN. THESE ACTIVITIES IMPACT A BROAD POPULATION OF PEOPLE THROUGHOUT MICHIGAN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 1 THE REMINGTON GROUP 21820 DOVER COURT BEVERLY HILLS MI 48025 PROFESSIONAL FUNDRAISING 0 275284 40000 235284 275284 40000 235284 MI 1 HENRY FORD COLLEGE FOUNDATION 5101 EVERGREEN ROAD DEARBORN MI 48128 382421276 501(C)(3) 30000 0 TO SUPPORT ORGANIZATONS MISSION DETROIT REGIONAL CHAMBER FOUNDATION INC 777 WOODWARD AVE STE 800 DETROIT MI 48226 382352462 501(C)(3) 345000 0 TO SUPPORT ORGANIZATONS MISSION 2 0 THE REMINGTON GROUP OWNED BY BOARD PRESIDENT 100000 PROFESSIONAL FUNDRAISING AND MANAGEMENT SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT AND FINAL COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND PRINCIPAL OFFICER ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE CORPORATION IS TAX-EXEMPT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE CONFLICT OF INTEREST POLICY PROTECTS THE MICHIGAN EDUCATION EXCELLENCE FOUNDATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR THAT MAY RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FORM 990 ARE AVAILABLE UPON REQUEST.