2024-11-08T01:27:07-06:00 2023-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 46204 990 2023-01-01 823802146 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION MATT 3139616675 333 WEST FORT STREET 2010 DETROIT MI 48226 RICHARD L DEVORE PRESIDENT 3139616675 2024-11-07 1 0 SHAWNA M JANSONS P01222873 3174648600 2023 2024-10-15 13:58:12Z RICHARD L DEVORE 333 WEST FORT STREET 2010 DETROIT MI 48226 5650275 0 X N/A X 2017 MI THE ORGANIZATION WAS ESTABLISHED IN 2017 AS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. IT WAS FUNDED IN 2018, AND RENAMED AS THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION. 5 4 0 4 0 0 0 300 0 0 533913 282471 0 0 533913 282771 122660 136542 0 0 0 0 0 0 0 34928 50595 157588 187137 376325 95634 6414655 7218410 147660 186542 6266995 7031868 X THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION SUPPORTS THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM) BY SUPPORTING ORGANIZATIONS WHOSE WORK FURTHERS CFSEM'S MISSION. THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN'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 136542 136542 TWO GRANTS WERE MADE TO TAX-EXEMPT CHARITABLE ORGANIZATIONS TO SUPPORT CHARITABLE ACTIVITIES PRIMARILY IN SOUTHEAST MICHIGAN. 136542 1 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 MI X JENILYN NORMAN 3139616675 333 WEST FORT STREET SUITE 2010 DETROIT MI 48226 RICHARD L DEVORE DIRECTOR, PRESIDENT AND SECRETARY 0.50 48.50 X X 0 638226 51905 ERIC B LARSON TREASURER 0.50 0.50 X X 0 0 0 KAREN A CULLEN VICE CHAIR 0.50 0.00 X X 0 0 0 MATTHEW P CULLEN CHAIR 0.50 0.50 X X 0 0 0 REGINALD M TURNER DIRECTOR 0.50 0.50 X 0 0 0 JENILYN NORMAN VP, FINANCE AND ADMINISTRATION 0.50 50.50 X 0 244708 34646 0 882934 86551 0 0 1 0 0 300 300 127629 127629 5522346 5367504 154842 154842 154842 282771 0 0 282471 136542 136542 50595 50595 187137 136542 50595 0 78 378 122742 1930791 1622210 4371928 5473080 111858 0 6414655 7218410 147660 186542 147660 186542 X 6266995 7031868 6266995 7031868 6414655 7218410 95634 669239 0 X X 0 1 X 0 0 X X X 1 COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN 382530980 8 1 136542 0 1 136542 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION 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 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION 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. 6266995 300 951710 136542 50595 7031868 7203105 -778522 122660 256 34672 6266995 7593217 -278527 85086 26499 7203105 5503373 2000000 239840 143006 6990 7593217 3690000 1665553 178276 22492 7964 5503373 1.00000 0.00000 0.00000 0 0 0 ASSET ALLOCATION AND HEDGE FUNDS 69057 F COLLECTIVE FUNDS 2625084 F LIMITED PARTNERSHIPS 2778939 F 5473080 X PART X, LINE 2: THE FOUNDATION HAS EVALUATED FAS ASC 740, INCOME TAXES, AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. PART V, LINE 4 THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION ENDOWMENT CREATES A BASE OF STABLE FINANCIAL SUPPORT TO NONPROFITS IN THE REGION. 1 COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN 333 W FORT ST STE 2010 DETROIT MI 48226 382530980 501(C)(3) 36542 0 SUPPORT FOR GENERAL OPERATIONS POPE FRANCIS CENTER 438 ST ANTOINE DETROIT MI 48226 812516039 501(C)(3) 100000 0 SUPPORT FOR THE BRIDGE HOUSING CAMPUS CAPITAL CAMPAIGN OVER FOUR YEARS 2 0 PART I LINE 2 FOR MULTI-YEAR AND CONDITIONAL GRANTS, THE GRANTEE MUST SUBMIT A WRITTEN INTERIM REPORT DEMONSTRATING COMPLIANCE WITH ANY GRANT CONDITIONS BEFORE GRANT PAYMENT IS MADE. IT IS THE ORIGINATING PROGRAM OFFICER'S RESPONSIBILITY TO REVIEW THE INTERIM GRANT REPORT TO MAKE SURE THAT GRANT FUNDS HAVE BEEN, AND WILL BE USED FOR THEIR INTENDED PURPOSE, AND IN COMPLIANCE WITH THE GRANT AGREEMENT. IF THE FUNDS ARE NOT BEING USED FOR THEIR INTENDED PURPOSE, THE FOUNDATION WILL CONSDER AMENDING OR CANCELLING THE GRANT. 0 0 0 0 0 0 0 0 0 RICHARD L DEVORE DIRECTOR, PRESIDENT AND SECRETARY 0 625916 0 2500 0 9810 0 31619 0 20286 0 690131 0 0 JENILYN NORMAN VP, FINANCE AND ADMINISTRATION 0 244258 0 0 0 450 0 25032 0 9614 0 279354 0 0 FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP: MATTHEW P. CULLEN AND KAREN A. CULLEN. 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 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAD NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 DIRECTORS' REVIEW. ANY NECESSARY CHANGES WERE UPDATED ON THE FORM 990. ONCE ALL NECESSARY CHANGES WERE MADE, IT WAS SIGNED BY THE PRESIDENT, DATED AND SUBMITTED BY THE EXTENDED FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WAS PROVIDED TO ALL DIRECTORS BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR 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 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION IS A CHARITABLE ORGANIZATION 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 FOR THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION, 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 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 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 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION 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 COMMUNITY FOUNDATION. FORM 990, PART XII, LINE 2A-2C AN AUDIT WAS CONDUCTED ON THE DECEMBER 31, 2023 COMBINED FINANCIAL STATEMENTS OF THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN AND ITS SUPPORTING ORGANIZATIONS, INCLUDING THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION. 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 IS PROVIDED BY THE COMMUNITY FOUNDATION AUDIT COMMITTEE. COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN 333 WEST FORT STREET SUITE 2010 DETROIT MI 48226 382530980 CHARITABLE MI 501(C)(3) LINE 8 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0