Max M & Marjorie S Fisher Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Max M & Marjorie S Fisher Foundation Inc is a 501(c)(3) organization based in Southfield, Michigan, registered in 1957, with $8,072,532 in FY2024 revenue. CharityIndex grades it D.
2 Towne Sq Ste 900, Southfield, MI, 48076 EIN 38-1784340 Since 1957
Revenue (FY2024)
$8.1M
▲ 26.5% vs prior year
Expenses (FY2024)
$21.5M
Net assets
$270.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Max M & Marjorie S Fisher Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating151 mo reserves · -166% 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 Max M & Marjorie S Fisher Foundation Inc: 151 mo reserves · -166% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Max M & Marjorie S Fisher Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Max M & Marjorie S Fisher Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2 Towne Sq Ste 900, Southfield, MI, 48076
- City
- Southfield
- State
- Michigan
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $13.6M (FY2020) to $8.1M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.7MNet assets $270.3M
Operating margin
-166.2%
Spent more than it raised in the latest fiscal year.
Total assets
$280.0M
Total liabilities
$9.7M
Net assets
$270.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,072,532▲26.5% | $21,492,813▼21.1% | $270,349,031 | $280,007,862▼0.1% | 990PF |
| 2023 | $6,380,193▼35.5% | $27,230,526▲17.7% | $270,266,096▼0.3% | $280,244,201▲0.1% | 990PF |
| 2022 | $9,896,483▼83.8% | $23,126,911▲8.2% | $271,151,962▼18.4% | $279,901,104▼17.5% | 990PF |
| 2021 | $60,989,770▲349% | $21,374,120▲3.0% | $332,298,904▲14.0% | $339,251,423▲14.3% | 990PF |
| 2020 | $13,582,266 | $20,741,996 | $291,383,040 | $296,716,008 | 990PF |
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: Douglas Bitonti Stewart — $475,487 (2.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Bitonti Stewart | Executive Director | 40 | $475,487 |
| Alissandra Aronow | Next Gen Trustee | 1 | — |
| Amanda Fisher | Next Gen Trustee | 1 | — |
| Andrew Sherman | Next Gen Trustee | 1 | — |
| Caroline Rafferty | Next Gen Trustee | 1 | — |
| David Sherman | Next Gen Trustee | 1 | — |
| Dr Marjorie M Fisher | Treasurer | 1 | — |
| Jane F Sherman | Trustee | 1 | — |
| Julie Fisher Cummings | Trustee | 1 | — |
| Phillip Wm Fisher | Managing Trustee | 1 | — |
Frequently asked questions
- Is Max M & Marjorie S Fisher Foundation Inc a legitimate nonprofit?
- Yes. Max M & Marjorie S Fisher Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1784340, based in Southfield, Michigan. Donations are tax-deductible.
- What is Max M & Marjorie S Fisher Foundation Inc's EIN?
- Max M & Marjorie S Fisher Foundation Inc's Employer Identification Number (EIN) is 38-1784340.
- How much revenue does Max M & Marjorie S Fisher Foundation Inc report?
- Max M & Marjorie S Fisher Foundation Inc reported $8,072,532 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Max M & Marjorie S Fisher Foundation Inc have?
- CharityIndex grades Max M & Marjorie S Fisher Foundation Inc D, based on financial health (reserves and operating margin).
- How much does Max M & Marjorie S Fisher Foundation Inc's highest-paid employee make?
- The highest reported compensation on Max M & Marjorie S Fisher Foundation Inc's latest Form 990 is $475,487, paid to Douglas Bitonti Stewart (Executive Director).
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Data for Max M & Marjorie S Fisher Foundation Inc (EIN 38-1784340) 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.