2025-11-17T14:09:00-06:00 2024-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 46204 990 2024-01-01 464873153 FOUNDATION FOR DETROIT'S FUTURE FOUN 3139616675 333 WEST FORT STREET 2010 DETROIT MI 48226 NICOLE SHERARD-FREEMAN PRESIDENT & CEO 3139616675 2025-11-17 1 1 SHAWNA M JANSONS P01222873 3174648600 2024 2025-03-06 01:10:19Z NICOLE SHERARD-FREEMAN 333 WEST FORT STREET 2010 DETROIT MI 48226 22534738 0 X N/A X 2014 MI TO HELP IMPROVE THE QUALITY OF LIFE IN SOUTHEAST MICHIGAN PRIMARILY AS THE CHARITABLE ENTITY THAT MANAGES THE DIA SETTLEMENT (COMMONLY KNOWN AS THE "GRAND BARGAIN") APPROVED AS PART OF THE PLAN OF ADJUSTMENT THAT CONCLUDED THE BANKRUPTCY PROCEEDING IN THE CITY OF DETROIT. 5 4 0 4 0 0 16008333 20933333 0 0 1466287 1471405 0 130000 17474620 22534738 18850000 18850000 0 0 0 0 0 0 0 75421 72329 18925421 18922329 -1450801 3612409 44240032 47856123 41611 45293 44198421 47810830 X FOUNDATION FOR DETROIT'S FUTURE (FDF) SHALL WORK TO LESSEN THE BURDENS OF GOVERNMENT, COMBAT COMMUNITY DETERIORATION, AND IMPROVE THE QUALITY OF LIFE OF THE GENERAL PUBLIC IN AND AROUND THE CITY OF DETROIT THROUGH, AMONG OTHER THINGS, CONDUCTING ACTIVITIES AND PROGRAMS, AND PROVIDING SUPPORT AND FUNDING TO GOVERNMENTAL ENTITIES, CHARITABLE ORGANIZATIONS AND OTHERS, TO PROTECT AND PRESERVE THE CITY OF DETROIT'S RICH CULTURAL HERITAGE, FOSTER AND PROMOTE THE ECONOMIC REVITALIZATION AND FISCAL HEALTH OF THE CITY OF DETROIT AND ENABLE THE CITY OF DETROIT TO FULFILL ITS MUNICIPAL, FINANCIAL AND CIVIC OBLIGATIONS. THE FDF SUPPORTS THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM) BY SUPPORTING ORGANIZATIONS WHOSE WORK FURTHERS CFSEM'S MISSION. THE CFSEM'S MISSION IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES ACROSS SOUTHEAST MICHIGAN TO MAKE IT A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW. 0 0 18850000 18850000 130000 SUPPORT OF FDF'S ROLE TO HELP IMPROVE THE QUALITY OF LIFE IN SOUTHEAST MICHIGAN PRIMARILY AS THE CHARITABLE ENTITY THAT MANAGES THE DIA SETTLEMENT (COMMONLY KNOWN AS THE "GRAND BARGAIN") APPROVED AS PART OF THE PLAN OF ADJUSTMENT THAT CONCLUDED THE BANKRUPTCY PROCEEDINGS OF THE CITY OF DETROIT. SUBJECT TO THE TERMS AND CONDITIONS OF THE SETTLEMENT AGREEMENT, ON THE CLOSING DATE (2014) AND ON AN ANNUAL BASIS THEREAFTER COMMENCING IN 2016, PAYMENTS WILL BE MADE TO THE CITY SUBJECT TO THE CONDITIONS OF THAT SETTLEMENT AGREEMENT. 18850000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X LINDA LUTZ 3139440494 333 WEST FORT STREET SUITE 2010 DETROIT MI 482263134 RICHARD L DEVORE PRESIDENT/SECRETARY 0.50 43.00 X X 0 654744 64903 DAVID T PROVOST CHAIR /DIRECTOR 0.50 2.00 X X 0 0 0 JOHN A BARKER TREASURER 0.50 0.00 X X 0 0 0 PAUL TRULIK VICE CHAIR /DIRECTOR 0.50 0.50 X X 0 0 0 NISHKA CHANDRASOMA DIRECTOR 0.50 0.00 X 0 0 0 JENILYN NORMAN VP, FINANCE AND ADMINISTRATION 0.50 41.50 X 0 263812 52000 0 918556 116903 0 0 1 0 0 500000 20433333 20933333 1471405 1471405 REIMBURSEMENT 900099 130000 130000 130000 22534738 130000 0 1471405 18850000 18850000 9591 9591 17573 17573 ADMINISTRATIVE FEES 45165 45165 18922329 18850000 72329 0 383 79026 24500120 23949306 19739529 23827791 44240032 47856123 41611 45293 41611 45293 X 44198421 47810830 44198421 47810830 44240032 47856123 3612409 0 X X 0 1 X 1 0 X X X 1 COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN 382530980 8 1 18850000 0 1 18850000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 FOUNDATION FOR DETROIT'S FUTURE PROVIDES LIMITED SUPPORT TO OTHER PUBLIC CHARITIES ON BEHALF OF AND AT THE DIRECTION OF ITS SUPPORTED ORGANIZATION, COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. ALL GRANTS THAT ARE MADE THROUGH FOUNDATION FOR DETROIT'S FUTURE ARE DONE SO TO CARRY OUT THE ACTIVITIES AND PURPOSES OF COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. PLEASE SEE SCHEDULE I, PART II FOR SUPPORT PROVIDED TO PUBLIC CHARITIES THAT FURTHER THE MISSION OF COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION HAS EVALUATED FAS ASC 740, INCOME TAXES, AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. 1 CITY OF DETROIT EXECUTIVE OFFICE 1126 CAY MUNICIPAL BLDG DETROIT MI 48226 386004606 GOVERNMENT ENTITY 18300000 0 SUPPPORT FOR CITY OF DETROIT PRIOR POLICE AND FIRE RETIREMENT SYSTEMS CITY OF DETROIT EXECUTIVE OFFICE 1126 CAY MUNICIPAL BLDG DETROIT MI 48226 386004606 GOVERNMENT ENTITY 375000 0 SUPPORT FOR CITY OF DETROIT PRIOR GENERAL RETIREMENT SYSTEM CITY OF DETROIT EXECUTIVE OFFICE 1126 CAY MUNICIPAL BLDG DETROIT MI 48226 386004606 GOVERNMENT ENTITY 175000 0 SUPPORT FOR CITY OF DETROIT HEALTH CARE TRUSTS 3 0 PART I LINE 2 ON AN ANNUAL BASIS, THE CITY OF DETROIT IS REQUIRED TO PROVIDE DOCUMENTATION DEMONSTRATING COMPLIANCE WITH THE CONDITIONS OF THE SETTLEMENT AGREEMENT. IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO MEET AND REVIEW THE DOCUMENTATION PROVIDED BEFORE ALLOWING THE ANNUAL PAYMENT TO BE MADE TO THE CITY OF DETROIT. 0 0 0 0 0 0 0 0 0 RICHARD L DEVORE PRESIDENT/SECRETARY 0 644934 0 0 0 9810 0 34500 0 30403 0 719647 0 0 JENILYN NORMAN VP, FINANCE AND ADMINISTRATION 0 263362 0 0 0 450 0 26852 0 25148 0 315812 0 0 FORM 990, PART VI, SECTION A, LINE 2 SOME OFFICERS MAY HAVE A BUSINESS RELATIONSHIP WITH OTHER OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES BY VIRTUE OF THEIR EMPLOYMENT BY THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN AND ITS RELATED ENTITIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN ANNUALLY APPOINTS THREE OF THE FIVE DIRECTORS OF THE FOUNDATION FOR DETROIT'S FUTURE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT IRS FORM 990 WAS DISTRIBUTED ELECTRONICALLY TO ALL DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING. THE DRAFT FORM 990 WAS PREPARED BY PROFESSIONAL TAX PREPARERS PRIOR TO THE DIRECTOR'S REVIEW. ANY NECESSARY CHANGES WERE UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES WERE MADE IT WAS SIGNED BY THE PRESIDENT/SECRETARY, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WAS PROVIDED TO ALL THE DIRECTORS BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR HAS SIGNED A STATEMENT THAT AFFIRMS THAT SUCH PERSON; 1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2) HAS READ AND UNDERSTANDS THE POLICY, 3) HAS AGREED TO COMPLY WITH THE POLICY, 4) UNDERSTANDS THAT THE FOUNDATION FOR DETROIT'S FUTURE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX-EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR RICHARD L. DEVORE, PRESIDENT OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN AND PRESIDENT/SECRETARY FOR THE FOUNDATION FOR DETROIT'S FUTURE, IS SET BY THE RELATED ORGANIZATION. THE FOLLOWING STEPS ARE TAKEN AT THE RELATED ORGANIZATION. THE INDIVIDUAL PROVIDES THE CHAIR AND EXECUTIVE COMMITTEE OF THE COMMUNITY FOUNDATION WITH A SUMMARY OF ANNUAL ACCOMPLISHMENTS. THE CHAIR, DISCUSSES THE SUMMARY WITH THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE FOUNDATION PRESIDENT AFTER REVIEWING THE COMPARABLE COMPENSATION INFORMATION OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY SIMILAR POSITIONS FROM SIMILARLY SITUATED ORGANIZATIONS WITH PERIODIC REVIEW BY INDEPENDENT FIRMS AND SUCH DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ALSO THE COMBINED STATEMENTS APPEAR ON THE WEBSITE AND IN THE ANNUAL YEARBOOK OF THE CFSEM. FORM 990, PART XII, LINE 2A-2C AN AUDIT WAS CONDUCTED ON THE DECEMBER 31, 2024 COMBINED FINANCIAL STATEMENTS OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN AND ITS SUPPORTING ORGANIZATIONS INCLUDING FOUNDATION FOR DETROIT'S FUTURE. THE FINANCIAL STATEMENTS WERE PREPARED, AND THE AUDIT WAS CONDUCTED IN ACCORDANCE WITH U.S. GAAP. AN UNMODIFIED OPINION WAS ISSUED BY THE AUDITOR. OVERSIGHT PROVIDED BY THE CFSEM AUDIT COMMITTEE. COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN 333 WEST FORT STREET SUITE 2010 DETROIT MI 48226 382530980 CHARITABLE MI 501(C)(3) 8 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0