Nonprofit · EIN 38-2689979
THE MICHIGAN WOMENS FOUNDATION
Tax-exempt · DETROIT, MI 48207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,445,144 | $4,422,055 | $23,089 | $13,830,613 | $8,537,887 | $5,292,726 |
| September 30, 2024 | 990 | $4,227,695 | $3,008,686 | $1,219,009 | $12,225,143 | $8,581,137 | $3,644,006 |
| September 30, 2023 | 990 | $4,075,099 | $3,410,744 | $664,355 | $12,044,313 | $9,091,042 | $2,953,271 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $3,681,468
- of which government grants
- $1,100,114
- Program service revenue
- $357,354
- Investment income
- $157,901
- Net gain from sales of assets
- $52,235
- Net income from fundraising events
- $241,561
- Other revenue
- $248,421
Expenses
- Grants and similar amounts paid
- $200,925
- Compensation of officers, directors and key employees
- $522,924
- Other salaries and wages
- $1,168,502
- Salaries, compensation and benefits (total)
- $1,929,944
- Professional fundraising fees
- $0
- Legal fees
- $80,691
- Accounting fees
- $125,928
- Occupancy
- $101,591
- Travel
- $31,020
- Depreciation
- $679
- Program services (functional)
- $3,456,254
- Management and general (functional)
- $450,781
- Fundraising (functional)
- $515,020
Balance sheet and other
- Total assets, start of year
- $12,225,143
- Total assets, end of year
- $13,830,613
- Total liabilities, end of year
- $8,537,887
- Net assets, end of year
- $5,292,726
- Land, buildings and equipment
- $929
- Publicly traded securities
- $1,228,840
- Net assets without donor restrictions
- $2,121,941
- Net assets with donor restrictions
- $3,170,785
- Gross receipts
- $5,966,642
- Employees
- 24
- Volunteers
- 260
- Year formed
- 1986
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN CASSIN | PRESIDENT & CEO Trustee or director, Officer | 40 | $288,198 | $10,476 |
| ALLYSON BOYLE | CHIEF FINANCIAL OFFICER Officer | 40 | $209,544 | $14,706 |
| KELLY SPRINGER | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| REGINE BEAUBOEUF | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERESA BINGMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAWN TYLKOWSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TONYA WELLS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALYSE MARTINELLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENISE QUARLES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELEANOR WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| INDERPAL DEOL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSICA HAYES-STALLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HEGEDUS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HOLLINSHEAD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KERRI MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM KERSTEN | TRUSTEE Trustee or director | 1 | $0 |
| KIMLE NAILER | TRUSTEE (TERM 02/2025) Trustee or director | 1 | $0 |
| NANCY MOODY | TRUSTEE Trustee or director | 1 | $0 |
| REBECCA GUERRIERO | TRUSTEE Trustee or director | 1 | $0 |
| SARAH EARLEY | TRUSTEE Trustee or director | 1 | $0 |
| STEPHANIE NAITO | TRUSTEE (TERM 01/2025) Trustee or director | 1 | $0 |
| TIFFANY ALBERT | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN CASSIN | PRESIDENT & CEO Trustee or director, Officer | 40 | $257,367 | $9,415 |
| ALLYSON BOYLE | CHIEF FINANCIAL OFFICER Officer | 40 | $171,639 | $9,983 |
| STEPHANIE NAITO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REGINE BEAUBOEUF | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KELLY SPRINGER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAWN TYLKOWSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TONYA WELLS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALYSE MARTINELLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENISE QUARLES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELEANOR WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| INDERPAL DEOL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSICA HAYES-STALLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HEGEDUS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HOLLINSHEAD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KERRI MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM KERSTEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIMLE NAILER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY MOODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REBECCA GUERRIERO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARAH EARLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERESA BINGMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIFFANY ALBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN CASSIN | PRESIDENT & CEO Trustee or director, Officer | 40 | $256,715 | $9,474 |
| ALLYSON BOYLE | CHIEF FINANCIAL OFFICER Officer | 40 | $160,694 | $13,390 |
| ALEXIS DISHMAN | CHIEF LENDING OFF. (TERM. 07/2023) Highest-paid employee | 40 | $155,271 | $9,966 |
| STEPHANIE NAITO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| REGINE BEAUBOEUF | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KELLY SPRINGER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAWN TYLKOWSKI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARY BETH KUDERIK | TREASURER (TERM. 02/2023) Trustee or director, Officer | 1 | $0 | $0 |
| TONYA WELLS | TREASURER (EFFECTIVE 03/2023) Trustee or director, Officer | 1 | $0 | $0 |
| ALYSE MARTINELLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENISE CHRISTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENISE QUARLES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELEANOR WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSICA HAYES-STALLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HEGEDUS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KERRI MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM KERSTEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIMLE NAILER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY MOODY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARAH EARLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERESA BINGMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIFFANY ALBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1155 BREWER PARK BLVD, DETROIT, MI 48207-2668
- Principal officer (990 for 2024)
- CAROLYN CASSIN, 1155 BREWERY PARK BLVD 260, DETROIT, MI 48207
- Signed the 990
- CAROLYN CASSIN, PRESIDENT & CEO
- Phone
- (313) 962-1920
- Website
- WWW.MIWF.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
MWF IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHOSE MISSION IS TO EXPAND ECONOMIC OPPORTUNITY FOR WOMEN AND ENTREPRENEURS OF COLOR BY PROVIDING ACCESS TO CAPITAL AND BUSINESS RESOURCES. MWF CELEBRATES OUTSTANDING WOMEN BY HONORING THEIR LEADERSHIP CONTRIBUTIONS TO THE COMMUNITY, ECONOMY, AND OUR STATE.
Program accomplishments
- ENTREPRENEURSHIP - INCLUDES PITCH COMPETITIONS, LENDING, PRE- AND POST- LENDING TRAINING, COACHING AND FACILITATION. THE NON-LENDING ACTIVITIES OF ENTREPRENEURSHIP ARE DESIGNED TO INTRODUCE THE BASICS OF STARTING AND BUILDING A BUSINESS. LENDING IS A FINANCING PROGRAM AVAILABLE TO ENTREPRENEURS AND SMALL BUSINESS OWNERS FOR UP TO $50,000. AS A CDFI, MWF TARGETS LOW TO MODERATE INCOME INDIVIDUALS, AFRICAN AMERICAN ENTREPRENEURS AND BUSINESS OWNERS WHO CONDUCT BUSINESS IN QUALIFYING INVESTMENT AREAS IN MICHIGAN AS DEFINED BY THE CDFI.Expenses $3,389,697 · grants $200,925 · revenue $357,354
- ALL OTHER PROGRAMS - THIS PROGRAM IS MADE UP OF VARIOUS SMALL OTHER PROGRAMS THE ORGANIZATION CONDUCTS SUCH AS SHOWCASING THE NAMES AND STORIES OF WOMEN WHO HELPED SHAPED THE HISTORY OF MICHIGAN.Expenses $66,557
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 38-2689979
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $13,830,613
- Income (IRS master file)
- $5,966,642
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,445,144 | $4,422,055 | $13,830,613 | XML |
| 990 | September 2024 | $4,227,695 | $3,008,686 | $12,225,143 | XML |
| 990 | September 2023 | $4,075,099 | $3,410,744 | $12,044,313 | XML |
| 990 | September 2022 | $2,557,642 | $2,744,229 | $9,039,514 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 38-2689979).
Questions about THE MICHIGAN WOMENS FOUNDATION
- What is the EIN of THE MICHIGAN WOMENS FOUNDATION?
- The employer identification number (EIN) of THE MICHIGAN WOMENS FOUNDATION is 38-2689979.
- Is THE MICHIGAN WOMENS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to THE MICHIGAN WOMENS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MICHIGAN WOMENS FOUNDATION 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 THE MICHIGAN WOMENS FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MICHIGAN WOMENS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of THE MICHIGAN WOMENS FOUNDATION?
- The 990 for the year ended September 30, 2025 names CAROLYN CASSIN.
- Who are the officers and directors of THE MICHIGAN WOMENS FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 22 people; 2 received compensation from the organization, the highest $288,198 (CAROLYN CASSIN, PRESIDENT & CEO).
- How much revenue does THE MICHIGAN WOMENS FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,445,144, expenses of $4,422,055 and total assets of $13,830,613 at year end.
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All nonprofits in DETROIT · Michigan · Community improvement and capacity building