2024-12-20T10:05:01-06:00 2024-06-30 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2023-07-01 382352462 DETROIT REGIONAL CHAMBER FOUNDATION INC DETR 3139644000 777 WOODWARD AVE STE 800 DETROIT MI 48226 SANDY BARUAH PRESIDENT 3135960353 2024-12-19 1 1 ADAM P WILLIAMS CPA P00641847 7347612005 2024-12-16 2023 2024-10-15 13:58:12Z SANDY BARUAH 777 WOODWARD AVE STE 800 DETROIT MI 48226 11974292 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. 4 0 0 334 0 0 11037082 10627852 1153895 1274299 29472 72141 0 0 12220449 11974292 884420 1023963 0 0 4775864 5750388 0 0 210010 7184845 6797404 12845129 13571755 -624680 -1597463 5342608 4204793 65256 524903 5277352 3679890 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 4596542 225837 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 DETROIT PROMISE ZONE AUTHORITY ("DPZA"). 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 DESINGATED 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. 2145594 19400 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. 3026862 123494 5000 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. 1894568 674632 1249899 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.ECONOMIC EQUITY AND INCLUSION: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. 1894568 674632 1249899 11663566 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 75 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 0 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 263865 395798 17195 KAREN BELANS TREASURER 13.00 24.50 X X 137444 255254 24263 MEGAN SPANITZ VICE- PRESIDENT, RESOURCE 11.00 26.50 X X 98146 252375 14706 TAMMY CARNRIKE CHIEF OPERATING OFFICER 4.00 33.50 X X 48792 439132 13208 GLENN STEVENS VICE- PRESIDENT, AUTOMOTIV 37.50 X 308545 0 9292 GREGORY HANDEL VICE PRESIDENT, EDUCATION 37.50 X 206542 0 20488 JASON JURCZYK SENIOR DIRECTOR, ACCOUNTIN 13.00 24.50 X 55977 130613 20321 WENDY NODGE SENIOR DIRECTOR, SIGNATURE 1.00 37.50 X 0 205115 20608 JAMES P CONNARN SENIOR DIRECTOR, MARKETING 1.00 37.50 X 0 169266 9359 DRAKE A HAYNES DIRECTOR, INFORMATION TECH 4.00 33.50 X 14022 126198 18712 BRADLEY WILLIAMS SECRETARY & EXECUTIVE DIRE 17.00 20.50 X 108510 138104 21233 1241843 2111855 189385 5 0 1 0 0 1500000 9127852 10627852 ECONOMIC DEVELOPMENT 900099 905442 905442 LEADERSHIP DETROIT 900099 361357 361357 RACIAL JUSTICE AND ECONOMIC EQUIT 900099 7500 7500 1274299 72141 72141 11974292 1274299 0 72141 X 1023963 1023963 1185703 893915 256024 35764 3628791 2735787 783549 109455 274911 208282 56214 10415 317710 240708 64966 12036 343273 275172 58935 9166 2868924 2783997 83769 1158 441104 315507 124984 613 70168 52187 17530 451 247708 97014 149441 1253 114432 105414 8540 478 19720 15260 3562 898 136303 105408 25406 5489 TUITION EXPENSE 1989243 1989243 EVENT PRODUCTION 805348 768684 30524 6140 OTHER 57316 43872 13444 COMMUNITY OUTREACH 47138 9153 34735 3250 13571755 11663566 1698179 210010 1414879 1486872 3412684 1800721 515045 917200 5342608 4204793 7890 33040 57366 491863 65256 524903 X 557478 182671 4719874 3497219 5277352 3679890 5342608 4204793 X -1597463 1 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 51304 DUE FROM DETROIT REGIONAL CHAMBER 857452 SOFTWARE 16000 ACCUMULATED DEPRECIATION - SOFTWARE -7556 917200 X 11974292 0 11974292 0 11974292 13571755 0 13571755 0 13571755 PART X, LINE 2: THE FOUNDATION'S MANAGEMENT IS NOT AWARE OF ANY UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2023 OR 2024. 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 220000 105000 0 220000 105000 MI 0 ATLANTIC IMPACT 111 E KIRBY STREET DETROIT MI 48202 274688366 501(C)(3) 30000 0 GENERAL SUPPORT AUDIO ENGINEERS OF DETROIT 4750 WOODWARD AVE DETROIT MI 48201 471846877 501(C)(3) 15000 0 GENERAL SUPPORT BLACK LEGACY ADVANCEMENT COALITION 35305 BLUE SPRUCE DRIVE FARMINGTON HILLS MI 48335 851228168 501(C)(3) 30000 0 GENERAL SUPPORT BOUNCING AROUND THE MOTOR CITY 20126 BASIL DETROIT MI 48235 820904640 501(C)(3) 15000 0 GENERAL SUPPORT DETROIT HORSE POWER 8425 W MCNICHOLS ROAD DETROIT MI 48221 473212490 501(C)(3) 30000 0 GENERAL SUPPORT DETROIT PHOENIX CENTER 1420 WASHINGTON BLVD SUITE 301 DETROIT MI 48226 821262148 501(C)(3) 30000 0 GENERAL SUPPORT DETROIT ZEN CENTER 11464 MITCHELL HAMTRAMCK MI 48212 382951833 501(C)(3) 30000 0 GENERAL SUPPORT ICE CREAM DETROIT 3434 CHENE STREET UNIT 7184 DETROIT MI 48207 873736275 501(C)(3) 15000 0 GENERAL SUPPORT LITTLE STINKERS LLC 27015 BELMONT LANE SOUTHFIELD MI 48235 843419656 501(C)(3) 15000 0 GENERAL SUPPORT MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION INC 2835 BAGLEY SUITE 895 DETROIT MI 48216 383010365 501(C)(3) 30000 0 GENERAL SUPPORT PUENTE CULTURAL INTEGRATION LLC 36469 PARKLANE CIR FARMINGTON HILLS MI 48335 474971195 501(C)(3) 15000 0 GENERAL SUPPORT SANCTUARY FARMS LLC 5606 LAKEVIEW STREET DETROIT MI 48213 871089648 501(C)(3) 15000 0 GENERAL SUPPORT THE W BUCHANAN GROUP LLC 607 SHELBY ST 700-749 DETROIT MI 48226 825039877 501(C)(3) 15000 0 GENERAL SUPPORT WELCOME HOME YOGA & WELLNESS CENTER INC 8530 CHAPMAN ST OAK PARK MI 48237 852138944 501(C)(3) 15000 0 GENERAL SUPPORT 360 DETROIT INC 1159 ELUCID DETROIT MI 48202 471423553 501(C)(3) 30000 0 GENERAL SUPPORT NO FEAR CAFE 440 BURROUGHS SUITE 654 DETROIT MI 48202 841798752 501(C)(3) 15000 0 GENERAL SUPPORT NUTURING OUR SEEDS 7737 HELEN STREET DETROIT MI 48211 815004452 501(C)(3) 30000 0 GENERAL SUPPORT PLUM HEALTH PLLC 1620 MICHIGAN AVENUE SUITE 125 DETROIT MI 48216 812780850 501(C)(3) 15000 0 GENERAL SUPPORT TEACHERS SUPPORTING TEACHERS 6511 OAKMAN BLVD DETROIT MI 48228 852896372 501(C)(3) 30000 0 GENERAL SUPPORT CRUMMIES SWEETS AND TREATS LLC 15245 GARFIELD 24B REDFORD MI 48239 833026153 501(C)(3) 15000 0 GENERAL SUPPORT BROOKS MANAGEMENT GROUP LLC PO BOX 2432 SOUTHFIELD MI 48037 842799468 501(C)(3) 15000 0 GENERAL SUPPORT GOODNESS GRACIOUS INC 2244 HELEN DETROIT MI 48207 475370011 501(C)(3) 15000 0 GENERAL SUPPORT IVY KITCHEN COCKTAILS 9215 E JEFFERSON AVE DETROIT MI 48214 843964100 501(C)(3) 15000 0 GENERAL SUPPORT JUST FOR KIDS II CHILD CARE LLC 19390 DWYER DETROIT MI 48234 831305782 501(C)(3) 15000 0 GENERAL SUPPORT PUBLIC SQUARE LLC 19180 GRAND RIVER AVE DETROIT MI 48223 861476728 501(C)(3) 15000 0 GENERAL SUPPORT HAPPY BOUNCE LLC 58 UNION ECORSE MI 48229 871010098 501(C)(3) 15000 0 GENERAL SUPPORT SANDY'S LAND LLC 17518 PINEHURST DETROIT MI 48221 271550979 501(C)(3) 15000 0 GENERAL SUPPORT WE ARE THE CULTURE CREATORS NONPROFIT 4114 BAGLEY DETROIT MI 48209 844069467 501(C)(3) 30000 0 GENERAL SUPPORT THE MICHIGAN SQUEEZE STATION 6716 MICHIGAN AVE DETROIT MI 48210 320588458 501(C)(3) 15000 0 GENERAL SUPPORT THE DETROIT PIZZA BAR 7316 WEST MCNICHOLS DETROIT MI 48221 842629285 501(C)(3) 15000 0 GENERAL SUPPORT 30 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 179579 269369 79486 119229 4800 7200 3960 5940 2918 4377 270743 406115 0 0 KAREN BELANS TREASURER 96971 180089 36777 68301 3696 6864 3465 6435 5027 9336 145936 271025 0 0 MEGAN SPANITZ VICE- PRESIDENT, RESOURCE 71963 185047 23159 59552 3024 7776 2772 7128 1346 3460 102264 262963 0 0 TAMMY CARNRIKE CHIEF OPERATING OFFICER 34587 311286 13245 119206 960 8640 990 8910 331 2977 50113 451019 0 0 GLENN STEVENS VICE- PRESIDENT, AUTOMOTIV 234434 0 62591 0 11520 0 9292 0 0 0 317837 0 0 0 GREGORY HANDEL VICE PRESIDENT, EDUCATION 162217 0 37125 0 7200 0 6196 0 14292 0 227030 0 0 0 JASON JURCZYK SENIOR DIRECTOR, ACCOUNTIN 48166 112388 7811 18225 0 0 1684 3929 4412 10296 62073 144838 0 0 WENDY NODGE SENIOR DIRECTOR, SIGNATURE 0 188060 0 17055 0 0 0 6168 0 14440 0 225723 0 0 JAMES P CONNARN SENIOR DIRECTOR, MARKETING 0 150936 0 18330 0 0 0 4543 0 4816 0 178625 0 0 DRAKE A HAYNES DIRECTOR, INFORMATION TECH 12388 111488 1634 14710 0 0 422 3799 1449 13042 15893 143039 0 0 BRADLEY WILLIAMS SECRETARY & EXECUTIVE DIRE 89376 113752 12798 16288 6336 8064 2871 3654 6472 8236 117853 149994 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, 2024, THE CEO BONUS WAS APPROVED BY THE COMPENSATION COMMITTEE CHAIR TO BE PAID OUT IN JULY 2024. 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. HAS HISTORICALLY CONSISTED OF PROMINENT BUSINESS LEADERS FROM THE COMMUNITY REPRESENTING A DIVERSITY OF BUSINESS SECTORS. ANY BOARD MEMBERS WHOSE COMPANIES HAVE BUSINESS TRANSACTIONS WITH OTHER BOARD MEMBERS' COMPANIES ENSURE THEY ARE DONE AT "ARMS LENGTH." 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 2,782,309. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,782,309. PROFESSSIONAL FEES: PROGRAM SERVICE EXPENSES 1,688. MANAGEMENT AND GENERAL EXPENSES 83,769. FUNDRAISING EXPENSES 1,158. TOTAL EXPENSES 86,615. FORM 990, PART XI, LINE 9: ROUNDING 1. 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 720000 SEE PART VII DETROIT REGIONAL CHAMBER SERVICES INC C 780000 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 PROFESSIONAL EMPLOYER ORGANIZATION. 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.