2025-02-18T09:17:21-06:00 2024-06-30 331498605 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2023-07-01 462499615 DETROIT CHILDREN'S FUND DETR 3133931180 1155 GRATIOT AVE 420 DETROIT MI 48207 NICK KARMANOS CEO & PARTNER 3133931180 2025-02-17 1 1 DORI J EGGETT P00645252 3037409400 2025-02-17 2023 2025-03-06 01:10:19Z NICK KARMANOS 1155 GRATIOT AVE 420 DETROIT MI 48207 6815345 0 X HTTP://DETROITCHILDRENSFUND.ORG/ X 2013 MI THE DETROIT CHILDREN'S FUND IS A NONPROFIT ORGANIZATION THAT MAKES HIGH-POTENTIAL INVESTMENTS TO EXPAND SUCCESSFUL SCHOOLS, GREATLY IMPROVE LOWER PERFORMING SCHOOLS, AND DISCOVER AND DEVELOP TALENTED EDUCATORS SO THAT EVERY CHILD IN DETROIT HAS THE OPPORTUNITY TO RECEIVE AN EXCELLENT EDUCATION. 14 14 8 30 0 0 4813810 6496996 0 0 54125 232019 -317098 -470084 4550837 6258931 1942778 1947188 0 0 889249 1106981 0 0 473939 1383768 447250 4215795 3501419 335042 2757512 4366327 7180205 127777 183080 4238550 6997125 X THE MISSION OF THE DETROIT CHILDREN'S FUND IS TO MAKE HIGH-POTENTIAL INVESTMENTS TO EXPAND SUCCESSFUL SCHOOLS, GREATLY IMPROVE LOWER PERFORMING SCHOOLS, AND DISCOVER AND DEVELOP TALENTED EDUCATORS SO THAT EVERY CHILD IN DETROIT HAS THE OPPORTUNITY TO RECEIVE AN EXCELLENT EDUCATION. 0 0 1901206 1352438 MULTIPLE COMPONENTS THAT TOGETHER WILL WORK TO ADDRESS STUDENTS NEEDS FOR VITAL RESOURCES ESSENTIAL TO THEIR ABILITY TO LEARN AND THRIVE. THE GOAL IS TO IMPROVE THE LEARNING OUTCOMES AT NEW PARADIGM GLAZER ACADEMY AND NEW PARADIGM COLLEGE PREP BY ADDRESSING THE NEEDS OF THE WHOLE STUDENT. (EPIC) 272593 270000 COMPACT PROGRAM WORK WITH COLLEGE-GOING EXPERTS AND THE CITY'S LEADING CHARTER HIGH SCHOOLS, WILL AIM TO SIGNIFICANTLY TRANSFORM GRADUATION RATES, COLLEGE PERSISTENCE RATES AND COLLEGE GRADUATION RATES FOR OVER 2,000 STUDENTS EACH YEAR IN DETROIT. BY WORKING TOGETHER AND ACHIEVING SIGNIFICANTLY IMPROVED OUTCOMES, THESE FOUR CHARTERS CAN SET A NEW "BAR" FOR QUALITY FOR SCHOOLS ACROSS THE CITY AND SERVE AS EXEMPLARS FOR SCHOOLS THAT WANT TO LEARN HOW TO IMPROVE THEIR OUTCOMES MORE QUICKLY. 132750 132750 TEACHER RETENTION GOAL FOR THE 2023-2024 SCHOOL YEAR IS TO RETAIN 90% OF EFFECTIVE OR HIGHLY EFFECTIVE TEACHERS. BY PROVIDING FALL AND SPRING RETENTION BONUSES EA AIMS TO RETAIN, MOTIVATE AND KEEP THOSE TEACHERS WHO ARE EFFECTIVE AND COMMITTED. THE PROVISION OF BONUSES TO SCHOOL STAFF CAN HAVE A POSITIVE IMPACT ON TALENT RETENTION RATES, SUCH AS INCREASING STAFF SATISFACTION AND MORALE, STRONGER SCHOOL CLIMATE AND CULTURE, ENHANCED PROFESSIONALISM, AND IMPROVED STUDENT OUTCOMES. 75000 75000 MAPSA ALTERNATIVE CERTIFICATION-PROFESSIONAL INNOVATORS IN TEACHING (A PROGRAM CREATED BY MAPSA) IS A STATE-APPROVED MICHIGAN ALTERNATIVE TEACHER CERTIFICATION PROGRAM. IT IS DESIGNED TO ADDRESS THE CURRENT TEACHER SHORTAGES. THROUGH THE PROGRAM, CANDIDATES ARE PROVIDED SCHOLARSHIPS, SUPPORT, AND COACHING TO SUCCESSFULLY PASS THEIR MTTC AND OBTAIN TEACHER CERTIFICATION. 227709 117000 OTHER PROGRAM SERVICES 302709 192000 2609258 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 30 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MI X SUZANNE MITCHELL 3139604512 1155 GRATIOT AVE 420 DETROIT MI 48207 X KC CRAIN BOARD CHAIR, DIRECTOR 2.00 0.00 X X 0 0 0 TONYA ALLEN SECRETARY, DIRECTOR 2.00 0.00 X X 0 0 0 JASON TINSLEY TREASURER, DIRECTOR 2.00 0.00 X X 0 0 0 RYAN MAIBACH DIRECTOR 1.00 0.00 X 0 0 0 ADAM LEVINSON DIRECTOR 1.00 0.00 X 0 0 0 ARN TELLEM DIRECTOR 1.00 0.00 X 0 0 0 KELLE ILITCH DIRECTOR 1.00 0.00 X 0 0 0 BILL EMERSON DIRECTOR 1.00 0.00 X 0 0 0 TIFFANY DOUGLAS DIRECTOR 1.00 0.00 X 0 0 0 TONY BARRA DIRECTOR 1.00 0.00 X 0 0 0 JESSE VENEGAS DIRECTOR 1.00 0.00 X 0 0 0 DARIENNE DRIVER DIRECTOR 1.00 0.00 X 0 0 0 ANUP POPAT DIRECTOR 1.00 0.00 X 0 0 0 RAY SCOTT DIRECTOR 1.00 0.00 X 0 0 0 NICK KARMANOS PARTNER 40.00 0.00 X 191779 0 53236 LATWILA AINSWORTH-COMFORT PARTNER 40.00 0.00 X 173900 0 34695 LISA LAURIN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 131213 0 30827 496892 0 118758 3 0 1 0 LEADING EDUCATORS 201 SAINT CHARLES AVE STE 114 NEW ORLEANS LA 70170 CONSULTING 255000 TNTP 500 7TH AVENUE NEW YORK NY 10018 PRINCIPAL COACHING 232741 ROBACK & BIALY CPAS PC 511 OLDE TOWN ROAD ROCHESTER MI 48308 OUTSOURCED CONTROLLER SERVICES 126739 OAKLAND HILLS COUNTRY CLUB 3951 W MAPLE RD BLOOMFIELD MI 48301 GOLF VENUE 105637 4 1292083 5204913 46302 6496996 231843 231843 176 0 176 176 176 86330 1292083 556414 -470084 -470084 6258931 0 0 -238065 1947188 1947188 496173 264459 109042 122672 470153 180158 83292 206703 76274 32906 11028 32340 64381 29498 12539 22344 1133 1133 44150 44150 145451 24500 67201 53750 1774 623 1151 33815 5602 24737 3476 73805 33872 26819 13114 13297 13297 64864 38080 14857 11927 14923 14923 CONTRACT SERVICES 37843 37843 BANK FEES 8345 1933 6412 SALES TAX EXPENSE 3161 3161 4689 1232 3407 50 3501419 2609258 418222 473939 917677 230212 2168697 6165459 1116667 682959 95000 68286 56682 44893 0 0 44893 4366327 7180205 127777 11130 0 171950 127777 183080 X 3026883 6314166 1211667 682959 4238550 6997125 4366327 7180205 2757512 1063 0 X 0 1 X 1 0 X 3591943 5171750 7026982 4813810 6496996 27101481 3591943 5171750 7026982 4813810 6496996 27101481 17352687 9748794 1018 2043 1822 54793 231843 291519 22880 50680 54660 86330 214550 27607550 0.35310 0.36380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME PART III: BECAUSE OF THE SHORT YEAR-END FILING, THE COLUMNS IN SCHEDULE A PART II CORRESPOND TO THE FOLLOWING TAX YEARS: 2019 = SHORT YEAR-END 6/30/20 2020 = FYE 06/30/21 2021 = FYE 06/30/22 2022 = FYE 06/30/23 2023 = FYE 06/30/24 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44893 44893 44893 6945545 1063 129136 556415 686614 6258931 0 6258931 4186970 129136 556415 685551 3501419 0 3501419 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 556,415. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 556,415. GOLF OUTING 9/9/23 324478 305758 18720 25871 101636 10817 10692 DINNER 1053935 986325 67610 270582 115490 12144 9182 1378413 1292083 86330 25871 372218 126307 12144 19874 556414 -470084 1 DETROIT ACADEMY OF ARTS & SCIENCE 2985 E JEFFERSON AVENUE DETROIT MI 48207 383364099 GOV 60000 0 PROVIDE FOUNDATIONAL TOOLS AND SUPPORT TO STAFF AND STUDENTS ESCUELA AVANCEMOS ACADEMY 2635 HOWARD STREET DETROT MI 48216 455575626 GOV 79500 0 RETENTION BONUSES JALEN ROSE LEADERSHIP ACADEMY 15000 TROJAN STREET DETROIT MI 48235 451794419 GOV 53250 0 RETENTION BONUSES MAPSA FOUNDATION 217 S GRAND AVENUE 2ND FLOOR LANSING MI 48933 383275525 501(C)(3) 75000 0 SCHOLARSHIPS, COACHING TO PASS TEACHER CERTIFICATION NEW PARADIGM FOR EDUCATION INC 1903 WILKINS STREET DETROIT MI 48207 272059007 501(C)(3) 1384438 0 ADDITIONAL STAFF, COACHING & DEVELOPMENT BUILDING IMPROVEMENTS AND SURVEYS TO CHARTER SCHOOLS; TRANSPORTATION; RETENTION BONUSES MICHIGAN COLLEGE ACCESS NETWORK 200 N WASHINGTON SQUARE 420 LANSING MI 48933 364619621 501(C)(3) 210000 0 INCREASE DETROIT'S (CITY) COLLEGE AND MICHIGAN'S COLLEGE MATRICULATION RATES, PERSISTENCE RATES AND MATCH RATES AT PARTICIPATING SCHOOLS LAWRENCE TECHNOLOGICAL UNIVERSITY 21000 W 10 MILE RD SOUTHFIELD MI 48075 381369604 501(C)(3) 60000 0 TUITION AND SUPPLIES FOR CHARTER SCHOOL ENROLLEES UNIVERSITY PREPARATORY ACADEMY 600 ANTIONETTE DETROIT MI 48202 300573793 GOV 25000 0 TRANSPORTATION FOR ENROLLEES OF THE DUAL ENROLLMENT COURSES 8 0 PART I, LINE 2: UPON APPROVAL BY THE BOARD, GRANTS ARE FUNDED AFTER A GRANT AGREEMENT IS SIGNED BY THE GRANTEE, STATING THAT FUNDS WILL BE USED TO FURTHER THE CHARITABLE PURPOSE OF THE DETROIT CHILDREN'S FUND. AT END OF GRANT TERM (OR BEFORE PAID-DEPENDING ON GRANT TERMS) GRANTEES SEND SUBSTANTIATION FOR EXPENSES PAID. X 0 1 X 0 0 0 0 0 0 0 0 0 NICK KARMANOS PARTNER 190008 0 0 0 1771 0 15201 0 38035 0 245015 0 0 0 LATWILA AINSWORTH-COMFORT PARTNER 169000 0 3692 0 1208 0 13668 0 21027 0 208595 0 0 0 LISA LAURIN CHIEF DEVELOPMENT OFFICER 130000 0 0 0 1213 0 10400 0 20427 0 162040 0 0 0 PART I, LINE 1A MONTHLY CLUB DUES TO THE DETROIT ATHLETIC CLUB ARE PAID FOR CEO & PARTNER, NICK KARMANOS. THE AMOUNT IS TREATED AS A NONTAXABLE BENEFIT AS THE MEMBERSHIP IS USED FOR DONOR MEETINGS AND EVENTS. ANY PERSONAL USE OF THE MEMBERSHIP REIMBURSEMENT IS REIMBURSED BY NICK KARMANOS TO DCF. PART I, LINE 1B THERE IS NOT A FORMAL WRITTEN POLICY REGARDING THE PAYMENT OF THE CLUB DUES PAID BY DCF FOR NICK KARMANOS. HOWEVER, KARMANOS RECEIVES EMAIL APPROVAL FROM BOARD CHAIR, K.C. CRAIN, FOR REIMBURSEMENT OF THE DUES. X 2 46302 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD. OFFICERS AND DIRECTORS REVIEW THE POLICY ANNUALLY AND ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS WHICH ARE THEN REVIEWED BY THE BOARD. IF A CONFLICT OF INTEREST EXISTS, BOARD MEMBERS WOULD EXCLUDE THEMSELVES FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE CONSULTANT PROVIDED PAY RANGES, COMPENSATION SURVEYS WERE USED FOR COMPARABILITY DATA, COMPENSATION COMMITTEE APPROVED COMPENSATION, AND NEW COMPENSATION RATES WERE BASED ON PREVIOUSLY APPROVED COMPENSATION RATES. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: WAGES REPORTED IN THIS SECTION OF THE 990 ARE BASED ON THE 2023 CALENDAR YEAR END W-2 REPORTING.