Kalamazoo Foundation For Excellence
96% goes to programs $0 to raise $100 Strong reserves Declining revenue
Kalamazoo Foundation For Excellence is a 501(c)(3) organization based in Kalamazoo, Michigan, registered in 2017, with $44,940,794 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
241 W South St, Kalamazoo, MI, 49007 EIN 82-2587771 Since 2017
Revenue (FY2024)
$44.9M
▲ 536.0% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$21.4M
Net assets
$516.7M
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kalamazoo Foundation For Excellence: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating290 mo reserves · +52% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kalamazoo Foundation For Excellence: 290 mo reserves · +52% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kalamazoo Foundation For Excellence: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kalamazoo Foundation For Excellence: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To support the goals of the city of kalamazoo, fund investments, and empower residents.
Contact & location
- Address
- 241 W South St, Kalamazoo, MI, 49007
- City
- Kalamazoo
- State
- Michigan
- Category
- Public & Societal Benefit
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $38K (FY2018) to $44.9M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $232KNet assets $516.7M
Operating margin
52.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$516.9M
Total liabilities
$232K
Net assets
$516.7M
Salaries & benefits
$178K
1% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $44,940,794▲536% | $21,389,191▲11.0% | $516,698,913▲9.9% | $516,931,278▲9.9% | 990 |
| 2023 | $7,065,849▲15462% | $19,270,802▲4254% | $470,240,853▲4.7% | $470,474,393▲4.7% | 990 |
| 2022 | -$45,996▼100% | $442,576▲6.1% | $449,263,426▼6.2% | $449,296,586▼6.2% | 990 |
| 2021 | $369,542,486▲346% | $416,961▲51.9% | $479,185,977▲400% | $479,208,810▲400% | 990 |
| 2020 | $82,875,656▲1202914% | $274,424▲48730% | $95,789,765▲218733% | $95,817,670▲213903% | 990 |
| 2019 | $6,889▼82.0% | $562▼23.4% | $43,773▲16.9% | $44,774▲16.6% | 990EZ |
| 2018 | $38,180 | $734 | $37,446 | $38,392 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Steve Brown — $152,553 (0.71% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steve Brown | Executive Director | 40 | $152,553 |
| Adrian Vazquez-alatorre | Director | 1 | — |
| Alice Taylor | Director | 1 | — |
| Alisa Carrel | Treasurer/director | 2 | — |
| Barbara Hamilton-miller | Secretary (ended 5/24) | 2 | — |
| Charlene Taylor | Director (ended 5/24) | 1 | — |
| David Anderson | Director | 1 | — |
| Dr Andrea Bostrom | Director/secretary | 2 | — |
| Ida Salas | Director | 1 | — |
| Jamauri Bogan | Director | 1 | — |
| James K Ritsema | Vice President | 2 | — |
| Jeanne Hess | Director (ended 4/24) | 1 | — |
| Jonathan Yarbrough | Director (ended 2/24) | 1 | — |
| Karika Parker | Director | 1 | — |
| Kelsey Mckague | Director | 1 | — |
| Mary Balkema | Director/treasurer | 2 | — |
| Michael Harrison | Director (ended 5/24) | 1 | — |
| Qianna Decker | Director | 1 | — |
| Rachel Lonberg | Director | 1 | — |
| Sandra Calderon-huezo | President | 2 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Merion Capital LLC | Investment Management | $180,000 |
Grants made · $20.5M in FY2024
1 grant totaling $20.5M in FY2024. All grants made by Kalamazoo Foundation For Excellence →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Kalamazoo | To support the goals of the city | $20,471,989 |
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Frequently asked questions
- Is Kalamazoo Foundation For Excellence a legitimate nonprofit?
- Yes. Kalamazoo Foundation For Excellence is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-2587771, based in Kalamazoo, Michigan. Donations are tax-deductible.
- What is Kalamazoo Foundation For Excellence's EIN?
- Kalamazoo Foundation For Excellence's Employer Identification Number (EIN) is 82-2587771.
- How much revenue does Kalamazoo Foundation For Excellence report?
- Kalamazoo Foundation For Excellence reported $44,940,794 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Kalamazoo Foundation For Excellence's spending goes to programs?
- Kalamazoo Foundation For Excellence spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kalamazoo Foundation For Excellence have?
- CharityIndex grades Kalamazoo Foundation For Excellence A, based on program efficiency and fundraising cost.
- How much does Kalamazoo Foundation For Excellence's highest-paid employee make?
- The highest reported compensation on Kalamazoo Foundation For Excellence's latest Form 990 is $152,553, paid to Steve Brown (Executive Director).
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Data for Kalamazoo Foundation For Excellence (EIN 82-2587771) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.