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Nonprofit · EIN 38-2352462

DETROIT REGIONAL CHAMBER FOUNDATION INC

Also known as ONE WOODWARD AVE STE 1700

Tax-exempt · DETROIT, MI 48226

Financials

$12M$13.6M2023$18.2M$15.3M2024
Revenue Expenses · by fiscal year end
Financials of DETROIT REGIONAL CHAMBER FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$18,179,877$15,285,683$2,894,194$7,928,051$1,353,967$6,574,084
June 30, 2024990$11,974,292$13,571,755-$1,597,463$4,204,793$524,903$3,679,890
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$17,148,034
Program service revenue
$974,751
Investment income
$57,092
Other revenue
$0

Expenses

Grants and similar amounts paid
$697,148
Compensation of officers, directors and key employees
$1,669,722
Other salaries and wages
$3,832,288
Salaries, compensation and benefits (total)
$6,669,758
Professional fundraising fees
$0
Accounting fees
$2,815,536
Occupancy
$130,939
Travel
$24,479
Program services (functional)
$12,670,925
Management and general (functional)
$2,345,293
Fundraising (functional)
$269,465

Balance sheet and other

Total assets, start of year
$4,204,793
Total assets, end of year
$7,928,051
Total liabilities, end of year
$1,353,967
Net assets, end of year
$6,574,084
Net assets without donor restrictions
$802
Net assets with donor restrictions
$6,573,282
Gross receipts
$18,179,877
Employees
0
Volunteers
52
Year formed
1981
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SANDY K BARUAHPRESIDENT
Trustee or director, Officer
15$264,301$396,451$24,210
TAMMY CARNRIKECHIEF OPERATING OFFICER
Trustee or director, Officer
4$44,374$399,372$15,450
KAREN BELANSTREASURER
Trustee or director, Officer
13$135,331$251,330$11,394
MEGAN SPANITZVICE- PRESIDENT, RESOURCE
Trustee or director, Officer
11$102,906$264,612$11,832
GLENN STEVENSVICE- PRESIDENT, AUTOMOTIV
Key employee
37.5$285,816$0$9,307
BRADLEY WILLIAMSSECRETARY & EXECUTIVE DIRE
Highest-paid employee
17$107,517$136,840$10,879
GREGORY HANDELVICE PRESIDENT, EDUCATION
Key employee
37.5$226,454$0$10,881
JASON JURCZYKSENIOR DIRECTOR, ACCOUNTIN
Highest-paid employee
13$56,159$131,037$10,127
JAMES P CONNARNSENIOR DIRECTOR, MARKETING
Highest-paid employee
1$0$180,736$5,485
WENDY NODGESENIOR DIRECTOR, SIGNATURE
Highest-paid employee
1$0$171,967$11,195
DRAKE A HAYNESDIRECTOR, INFORMATION TECH
Highest-paid employee
4$13,271$119,438$8,419
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SANDY K BARUAHPRESIDENT
Trustee or director, Officer
15$263,865$395,798$17,195
TAMMY CARNRIKECHIEF OPERATING OFFICER
Trustee or director, Officer
4$48,792$439,132$13,208
KAREN BELANSTREASURER
Trustee or director, Officer
13$137,444$255,254$24,263
MEGAN SPANITZVICE- PRESIDENT, RESOURCE
Trustee or director, Officer
11$98,146$252,375$14,706
GLENN STEVENSVICE- PRESIDENT, AUTOMOTIV
Key employee
37.5$308,545$0$9,292
BRADLEY WILLIAMSSECRETARY & EXECUTIVE DIRE
Highest-paid employee
17$108,510$138,104$21,233
GREGORY HANDELVICE PRESIDENT, EDUCATION
Key employee
37.5$206,542$0$20,488
WENDY NODGESENIOR DIRECTOR, SIGNATURE
Highest-paid employee
1$0$205,115$20,608
JASON JURCZYKSENIOR DIRECTOR, ACCOUNTIN
Highest-paid employee
13$55,977$130,613$20,321
JAMES P CONNARNSENIOR DIRECTOR, MARKETING
Highest-paid employee
1$0$169,266$9,359
DRAKE A HAYNESDIRECTOR, INFORMATION TECH
Highest-paid employee
4$14,022$126,198$18,712

Address and contacts

Address (IRS master file)
777 WOODWARD AVE STE 800, DETROIT, MI 48226-3589
Principal officer (990 for 2024)
SANDY BARUAH, 777 WOODWARD AVE STE 800, DETROIT, MI 48226
Signed the 990
SANDY BARUAH, PRESIDENT
Phone
(313) 964-4000
Return prepared by
REHMANN ROBSON LLC

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $5,300,203 · grants $365,161
  • 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.
    Expenses $3,580,912 · grants $900 · revenue $1,500
  • 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.
    Expenses $2,264,855 · grants $11,556
  • 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.
    Expenses $1,524,955 · grants $319,531 · revenue $973,251

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
38-2352462
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1981
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,928,051
Income (IRS master file)
$18,179,877

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$18,179,877$15,285,683$7,928,051XML
990June 2024$11,974,292$13,571,755$4,204,793XML
990June 2023$12,220,449$12,845,129$5,342,608IRS
990June 2022$12,985,195$9,490,903$6,324,468IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2352462).

Questions about DETROIT REGIONAL CHAMBER FOUNDATION INC

What is the EIN of DETROIT REGIONAL CHAMBER FOUNDATION INC?
The employer identification number (EIN) of DETROIT REGIONAL CHAMBER FOUNDATION INC is 38-2352462.
Is DETROIT REGIONAL CHAMBER FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to DETROIT REGIONAL CHAMBER FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does DETROIT REGIONAL CHAMBER FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DETROIT REGIONAL CHAMBER FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DETROIT REGIONAL CHAMBER FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DETROIT REGIONAL CHAMBER FOUNDATION INC?
The 990 for the year ended June 30, 2025 names SANDY BARUAH.
Who are the officers and directors of DETROIT REGIONAL CHAMBER FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 11 people; 9 received compensation from the organization, the highest $264,301 (SANDY K BARUAH, PRESIDENT).
How much revenue does DETROIT REGIONAL CHAMBER FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $18,179,877, expenses of $15,285,683 and total assets of $7,928,051 at year end.

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