Overview
What is Ann Arbor Area Community Foundation?
The Ann Arbor Area Community Foundation is a charitable organization based in Ann Arbor, Michigan. With a workforce of seventeen individuals, they distribute the proceeds from their permanent endowed funds to local tax-exempt organizations primarily in the Washtenaw County area through a competitive grant-making process. Their mission is to enrich the quality of life in their region by making informed philanthropic investments and fostering endowments. Since its inception over half a century ago, the organization has granted over $90 million to more than 16,800 initiatives in various sectors, including education, health services, and aging support. Some of their signature programs include a community scholarship program, the Empowerment Fund, and a commitment to healthy and fulfilling aging for all. They also allocate 5% of their endowment to local impact investments.
Official website here: www.aaacf.org
Is Ann Arbor Area Community Foundation legitimate?
Ann Arbor Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ann Arbor Area Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $348,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $913,713
For more financial information, click here
Official website here: www.aaacf.org
What is the mission statement of Ann Arbor Area Community Foundation?
The Ann Arbor Area Community Foundation enriches the quality of life in its region through knowledgeable leadership, engaged grantmaking, and creative partnerships with donors. It makes philanthropic investments and builds endowments by granting funds to tax-exempt organizations, primarily in the Washtenaw County area, via a competitive process determined by staff and community leaders. The foundation has distributed over $90 million through 16,800+ grants and scholarships since its inception over half a century ago. Signature programs include a community scholarship program to incentivize college degree attainment, the Empowerment Fund supporting educational success for young Black men, a commitment to healthy and fulfilling aging for all, and a deep commitment to health and human services, funding both programs and systems change. Additionally, 5% of the foundation's endowment is allocated to local impact investments.
Official website here: www.aaacf.org
Who is the CEO of Ann Arbor Area Community Foundation?
Shannon E Polk is the Principal Officer of Ann Arbor Area Community Foundation. The CEO's salary of Ann Arbor Area Community Foundation is $196,417 and their total compensation is $206,858.
Official website here: www.aaacf.org
What is the revenue of Ann Arbor Area Community Foundation?
Ann Arbor Area Community Foundation's revenue in 2022 was $23,281,932.
Official website here: www.aaacf.org
Who are the executives of Ann Arbor Area Community Foundation and what are their salaries?
The average compensation at Ann Arbor Area Community Foundation during 2022 was $74,266. There are 17 employees and 296 volunteers at Ann Arbor Area Community Foundation.
Here are 21 key members and their salaries (Ann Arbor Area Community Foundation's CEO's salary is $196,417 and their total compensation is $206,858):
- Shannon Polk (Ceo)
- James Hunter (Cfo)
- Betsy Petoskey (Chair) [Trustee/Director]
- Sean Duval (Vice Chair) [Trustee/Director]
- Laura Hayden (Treasurer (Begin 4/2022)) [Trustee/Director]
- Michael Staebler (Treasurer (Thru 4/2022)) [Trustee/Director]
- Karen Andrews (Secretary) [Trustee/Director]
- Kiana Barfield (Board Member) [Trustee/Director]
- Cookie Baugh (Board Member (Thru 4/2022)) [Trustee/Director]
- Tabitha Bentley (Board Member) [Trustee/Director]
- Bill Brinkerhoff (Board Member) [Trustee/Director]
- Tim Damschroder (Board Member) [Trustee/Director]
- Dilip Das (Board Member (Start 4/2022)) [Trustee/Director]
- Audrey Price Dimarzo (Board Member) [Trustee/Director]
- Aaron Dworkin (Board Member) [Trustee/Director]
- Christina Kim (Board Member) [Trustee/Director]
- Sri Maddipati (Board Member) [Trustee/Director]
- Karla Olson-Belfi (Board Member (Start 4/2022)) [Trustee/Director]
- Ella Racette (Board Member (Start 4/2022)) [Trustee/Director]
- Chuck Warpehoski (Board Member) [Trustee/Director]
- Doug Weber (Board Member (Thru 4/2022)) [Trustee/Director]
Official website here: www.aaacf.org
Where can I find the form 990 for Ann Arbor Area Community Foundation?
The Ann Arbor Area Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.aaacf.org
Learn more at the official website: www.aaacf.org
Mission Statement of Ann Arbor Area Community Foundation
The Ann Arbor Area Community Foundation, a leading philanthropic organization, enriches the quality of life in its region through knowledgeable leadership, engaged grantmaking, and creative partnerships with donors. By making strategic investments and building endowments, the Foundation seeks to create lasting social change.
Capitalizing on its half-century long history, the Ann Arbor Area Community Foundation has distributed over $90 million through more than 16,800 grants and scholarships. The Foundation's grantmaking process is determined by a team of knowledgeable staff and community leaders, ensuring the most effective allocation of funds.
The Ann Arbor Area Community Foundation's mission extends beyond simple charitable giving. It invests in the future of local students through initiatives such as the Community Scholarship Program, which incentivizes college degree attainment. Additionally, it supports young Black men in their educational pursuits through the Empowerment Fund. The Foundation also prioritizes the advancement of healthy and fulfilling aging for all members of the community. In response to pressing social issues, the Foundation is deeply committed to funding both programs and systemic change within the fields of health and human services. Furthermore, it allocates 5% of its endowment to local impact investments.
Impact
This information is meant to be a general summary of Ann Arbor Area Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Ann Arbor Area Community Foundation enriches the quality of life in the region through its knowledgeable leadership, engaged grantmaking, and creative partnerships with donors. Through its permanent endowed funds, it distributes proceeds to charitable organizations in Washtenaw County, primarily through a competitive grant process. Since its founding, over $90 million has been distributed through 16,800+ grants and scholarships. The foundation's impact includes supporting college degree attainment for local students, empowering young black men in educational success, advancing healthy and fulfilling aging for all, funding health and human services programs and systems change, and allocating 5% of its endowment to local impact investments.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - PRI
Revenue
$9,850
Organization Details
Founding Year
1963
Phone
(734) 663-0401
Principal Officer
Shannon E Polk
Main Address
301 N MAIN ST 300, ANN ARBOR, MI, 48104
Website
www.aaacf.org
NTEE Category
Code: T31 - Philanthropy
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