Nonprofit · EIN 38-6087967
ANN ARBOR AREA COMMUNITY FOUNDATION
Tax-exempt · ANN ARBOR, MI 48104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,654,824 | $14,740,954 | $7,913,870 | $227,205,548 | $6,751,825 | $220,453,723 |
| December 31, 2023 | 990 | $10,246,540 | $13,318,645 | -$3,072,105 | $208,073,440 | $6,295,845 | $201,777,595 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,439,473
- Program service revenue
- $70,765
- Investment income
- $16,030,309
- Net rental income
- $114,277
- Net gain from sales of assets
- $12,312,382
- Other revenue
- $114,277
Expenses
- Grants and similar amounts paid
- $8,940,782
- Compensation of officers, directors and key employees
- $425,693
- Other salaries and wages
- $1,302,140
- Salaries, compensation and benefits (total)
- $2,008,219
- Professional fundraising fees
- $0
- Legal fees
- $45,006
- Accounting fees
- $96,023
- Occupancy
- $160,888
- Travel
- $4,055
- Depreciation
- $88,383
- Program services (functional)
- $12,140,716
- Management and general (functional)
- $1,631,682
- Fundraising (functional)
- $968,556
Balance sheet and other
- Total assets, start of year
- $208,073,440
- Total assets, end of year
- $227,205,548
- Total liabilities, end of year
- $6,751,825
- Net assets, end of year
- $220,453,723
- Land, buildings and equipment
- $3,618,213
- Publicly traded securities
- $112,164,727
- Net assets without donor restrictions
- $218,737,630
- Net assets with donor restrictions
- $1,716,093
- Gross unrelated business income
- -$68,891
- Gross receipts
- $66,058,459
- Employees
- 20
- Volunteers
- 274
- Year formed
- 1963
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON POLK | PRESIDENT & CEO Officer | 50 | $223,487 | $32,286 |
| JAMES HUNTER | CFO & VP FOR OPERATIONS Officer | 50 | $143,599 | $8,178 |
| DORCAS PATTERSON | DIRECTOR FOR OPERATIONS Highest-paid employee | 40 | $127,575 | $16,788 |
| CHRISTOPHER LEMON | VP FOR COMMUNITY INVESTMENTS Highest-paid employee | 50 | $121,367 | $15,895 |
| KAREN ANDREWS | VICE CHAIR Trustee or director, Officer | 4 | $18,143 | $0 |
| SEAN DUVAL | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| LAURA HAYDEN | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| KARLA OLSON-BELLFI | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| ARSALAN ALAVI | BOARD MEMBER (AS OF 05/24) Trustee or director | 1.5 | $0 | $0 |
| TABITHA FERRER BENTLEY | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| CHRIS BERGEN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| BILL BRINKERHOFF | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| MICHAEL CROWLEY | BOARD MEMBER (AS OF 05/24) Trustee or director | 1.5 | $0 | $0 |
| TIM DAMSCHRODER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DILIP DAS | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHI DUCHON | BOARD MEMBER Trustee or director | 1.5 | $0 |
| AARON DWORKIN | BOARD MEMBER Trustee or director | 1.5 | $0 |
| KEN FISCHER | BOARD MEMBER Trustee or director | 1.5 | $0 |
| SONYA JACOBS | BOARD MEMBER Trustee or director | 1.5 | $0 |
| CHRISTINA KIM | BOARD MEMBER Trustee or director | 1.5 | $0 |
| SRI MADDIPATI | BOARD MEMBER Trustee or director | 1.5 | $0 |
| JEFFREY PATTON | BOARD MEMBER (AS OF 05/24) Trustee or director | 1.5 | $0 |
| AUDREY PRICE DIMARZO | BOARD MEMBER Trustee or director | 1.5 | $0 |
| CHUCK WARPEHOSKI | BOARD MEMBER Trustee or director | 1.5 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON POLK | PRESIDENT & CEO Officer | 50 | $218,632 | $27,390 |
| JAMES HUNTER | CFO & VP FOR OPERATIONS Officer | 50 | $134,571 | $7,149 |
| CHRISTOPHER LEMON | VP FOR COMMUNITY INVESTMENTS Highest-paid employee | 50 | $108,169 | $11,854 |
| KAREN ANDREWS | SECR THRU 4/2023 / VICE CHAIR START 5/2023 Trustee or director, Officer | 4 | $27,168 | $0 |
| BETSY PETOSKEY | CHAIR THRU 4/2023 Trustee or director, Officer | 4 | $0 | $0 |
| SEAN DUVAL | VICE CHAIR THRU 4/2023 / CHAIR START 5/2023 Trustee or director, Officer | 4 | $0 | $0 |
| LAURA HAYDEN | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| KARLA OLSON-BELLFI | SECRETARY START 5/2023 Trustee or director, Officer | 2.5 | $0 | $0 |
| KIANA BARFIELD | BOARD MEMBER THRU 4/2023 Trustee or director | 1.5 | $0 | $0 |
| TABITHA BENTLEY | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| CHRIS BERGEN | BOARD MEMBER START 5/2023 Trustee or director | 1.5 | $0 | $0 |
| BILL BRINKERHOFF | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| TIM DAMSCHRODER | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DILIP DAS | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| CATHI DUCHON | BOARD MEMBER START 5/2023 Trustee or director | 1.5 | $0 | $0 |
| AARON DWORKIN | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| KEN FISCHER | BOARD MEMBER START 11/2023 Trustee or director | 1.5 | $0 | $0 |
| SONYA JACOBS | BOARD MEMBER START 10/2023 Trustee or director | 1.5 | $0 | $0 |
| CHRISTINA KIM | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| SRI MADDIPATI | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| AUDREY PRICE DIMARZO | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| ELLA RACETTE | BOARD MEMBER THRU 4/2023 Trustee or director | 1.5 | $0 | $0 |
| MICHAEL STAEBLER | BOARD MEMBER THRU 4/2023 Trustee or director | 1.5 | $0 | $0 |
| CHUCK WARPEHOSKI | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 N MAIN ST STE 300, ANN ARBOR, MI 48104-1296
- Principal officer (990 for 2024)
- SHANNON E POLK, 301 N MAIN ST 300, ANN ARBOR, MI 48104
- Signed the 990
- JAMES HUNTER, CFO
- Phone
- (734) 663-0401
- Website
- WWW.AAACF.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE ANN ARBOR AREA COMMUNITY FOUNDATION ENRICHES THE QUALITY OF LIFE IN OUR REGION THROUGH ITS KNOWLEDGEABLE LEADERSHIP, ENGAGED GRANTMAKING, AND CREATIVE PARTNERSHIPS WITH DONORS TO MAKE PHILANTHROPIC INVESTMENTS AND BUILD ENDOWMENT.
Program accomplishments
- AAACF FULFILLS ITS EXEMPT PURPOSE BY GRANTING FUNDS TO A VARIETY OF TAX-EXEMPT ORGANIZATIONS, PRIMARILY IN THE WASHTENAW COUNTY AREA, THROUGH A COMPETITIVE PROCESS DETERMINED BY STAFF AND COMMUNITY LEADERS. SINCE ITS FOUNDING MORE THAN 60 YEARS AGO, OVER $108 MILLION HAS BEEN DISTRIBUTED THROUGH 19,000+ GRANTS AND SCHOLARSHIPS. SIGNATURE PROGRAMS INCLUDE A COMMUNITY SCHOLARSHIP PROGRAM TO INCENTIVIZE COLLEGE DEGREE ATTAINMENT BY LOCAL STUDENTS; THE EMPOWERMENT FUND, WHICH SUPPORTS YOUNG BLACK MEN IN ATTAINING EDUCATIONAL SUCCESS; ADVANCEMENT OF HEALTHY & FULFILLING AGING FOR ALL; A DEEP COMMITMENT TO HEALTH AND HUMAN SERVICES, FUNDING BOTH PROGRAMS AND SYSTEMS CHANGE; AND AN ALLOCATION OF 5% OF OUR ENDOWMENT TO LOCAL IMPACT INVESTMENTS.Expenses $12,140,716 · grants $8,940,782 · revenue $70,765
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-6087967
- 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
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $227,205,548
- Income (IRS master file)
- $66,058,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,654,824 | $14,740,954 | $227,205,548 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,246,540 | $13,318,645 | $208,073,440 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $23,281,932 | $13,519,607 | $186,101,503 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 38-6087967).
Questions about ANN ARBOR AREA COMMUNITY FOUNDATION
- What is the EIN of ANN ARBOR AREA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of ANN ARBOR AREA COMMUNITY FOUNDATION is 38-6087967.
- Is ANN ARBOR AREA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to ANN ARBOR AREA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANN ARBOR AREA COMMUNITY 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 ANN ARBOR AREA COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANN ARBOR AREA COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ANN ARBOR AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names SHANNON E POLK.
- Who are the officers and directors of ANN ARBOR AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 5 received compensation from the organization, the highest $223,487 (SHANNON POLK, PRESIDENT & CEO).
- How much revenue does ANN ARBOR AREA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,654,824, expenses of $14,740,954 and total assets of $227,205,548 at year end.
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- MARTIN FAMILY FOUNDATION EIN 38-3340278 · last filed 990-PF for 2024
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- TIMOTHY AND SHEILA PATTON FAMILY CHARITABLE TRUST EIN 46-6453265 · last filed 990-PF for 2024
- THE J FERRANTINO CHARITABLE FOUNDATION EIN 26-4457061 · last filed 990-PF for 2024
All nonprofits in ANN ARBOR · Michigan · Philanthropy, voluntarism and grantmaking foundations