Nonprofit · EIN 82-1812075
FLAGSTAR FOUNDATION INC
Tax-exempt · TROY, MI 48098
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,037,062 | $3,246,158 | -$2,209,096 | $15,993,565 | $115,000 | $15,878,565 |
| December 31, 2024 | 990-PF | $1,359,973 | $3,848,823 | -$2,488,850 | $18,995,161 | $907,500 | $18,087,661 |
| December 31, 2023 | 990-PF | $1,164,997 | $2,751,751 | -$1,586,754 | $21,416,011 | $839,500 | $20,576,511 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $278,743
- Dividends
- $750,766
- Interest
- $7,553
Expenses
- Grants and similar amounts paid
- $2,955,000
- Disbursements for charitable purposes
- $3,778,658
- Excise tax on investment income
- $10,541
Balance sheet and other
- Total assets, start of year
- $18,995,161
- Total assets, end of year
- $15,993,565
- Total liabilities, end of year
- $115,000
- Net assets, end of year
- $15,878,565
- Fair market value of assets
- $15,993,565
- Qualifying distributions
- $3,778,658
- Net investment income
- $758,319
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CORREA 5151 CORPORATE DRIVE, TROY, MI 48098 | MANAGING DIRECTOR | 3 | $0 |
| ANNMARIE MAYHAN 5151 CORPORATE DRIVE, TROY, MI 48098 | SECRETARY | 2 | $0 |
| LAURIE McPECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TREASURER | 2 | $0 |
| JOE ABRUZZO 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| DIANE MENZO 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| CHRISTOPHER BECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| KATHERINE MORGAN 5151 CORPORATE DRIVE, TROY, MI 48098 | PRESIDENT | 40 | $0 |
| REGGIE DAVIS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| SIMONE BETZ 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| ASHWIN MAGO 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| RITA DAILEY 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| STEVEN BODAKOWSKI 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
| GEORGE BUCHANAN 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CORREA 5151 CORPORATE DRIVE, TROY, MI 48098 | MANAGING DIRECTOR | 3 | $0 |
| LAURA COLEMAN 5151 CORPORATE DRIVE, TROY, MI 48098 | SECRETARY | 3 | $0 |
| LAURIE MCPECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TREASURER | 3 | $0 |
| GARY WOLF 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| DIANE MENZO 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| CHRISTOPHER BECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| SONIA PLATA 5151 CORPORATE DRIVE, TROY, MI 48098 | PRESIDENT | 40 | $0 |
| REGGIE DAVIS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| JENNIFER CHARTERS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CORREA 5151 CORPORATE DRIVE, TROY, MI 48098 | MANAGING DIRECTOR | 3 | $0 |
| LAURA COLEMAN 5151 CORPORATE DRIVE, TROY, MI 48098 | SECRETARY | 3 | $0 |
| LAURIE MCPECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TREASURER | 3 | $0 |
| GARY WOLF 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| DONNA KRALL 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| JULIE-ANN SIGNORILLE-BROWNE 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| SONIA PLATA 5151 CORPORATE DRIVE, TROY, MI 48098 | PRESIDENT | 40 | $0 |
| REGGIE DAVIS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| DAVID HOLLIS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| JENNIFER CHARTERS 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| CHRISTOPHER BECK 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| ANDREW KAPLAN 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| JOHN PINTO 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
| PATRICK QUINN 5151 CORPORATE DRIVE, TROY, MI 48098 | TRUSTEE | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 5151 CORPORATE DR, TROY, MI 48098-2639
- In care of
- % FLAGSTAR BANK F S B
- Signed the 990-PF
- KATHERINE MORGAN, PRESIDENT
- Phone
- (248) 312-5111
- Website
- WWW.FLAGSTAR.COM
- Return prepared by
- GREGORY TERRELL & COMPANY
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-1812075
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $15,993,565
- Income (IRS master file)
- $1,037,062
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,037,062 | $3,246,158 | $15,993,565 | IRS |
| 990-PF | December 2024 | $1,359,973 | $3,848,823 | $18,995,161 | IRS |
| 990-PF | December 2023 | $1,164,997 | $2,751,751 | $21,416,011 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 82-1812075).
Questions about FLAGSTAR FOUNDATION INC
- What is the EIN of FLAGSTAR FOUNDATION INC?
- The employer identification number (EIN) of FLAGSTAR FOUNDATION INC is 82-1812075.
- Is FLAGSTAR FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FLAGSTAR FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FLAGSTAR FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FLAGSTAR FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLAGSTAR FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FLAGSTAR FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does FLAGSTAR FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,037,062, expenses of $3,246,158 and total assets of $15,993,565 at year end.
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All nonprofits in TROY · Michigan · Philanthropy, voluntarism and grantmaking foundations