Detroit Public Schools Foundation
- Assets
- $5.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Detroit, MI
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 30-0135450
Organization Overview
Detroit Public Schools Foundation is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Detroit Public Schools Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Public Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Detroit Public Schools Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $8.7m during the year ending 06/2021. While expenses have increased by 39.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Detroit Public Schools Foundation has awarded 45 individual grants totaling $38,172,961. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT STUDENTS, FAMILIES AND EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CURRENTLY DPSF OVERSEES 18MM IN PROGRAM RESTRICTED FUNDS AND 79 GRANTS. MAJOR PROGRAMS INCLUDE A LEAD PARTNERSHIP WITH FORD MOTOR COMPANY FUND IN THE OPERATIONS OF THE FORD RESOURCE AND ENGAGEMENT CENTER FREC AT FISHER UPPER MAGNET ACADEMY--WITH A 5 MILLION INVESTMENT OVER 6 YEARS PROVIDING RESOURCES AND SERVICES TO FAMILIES AND A 3.6 MILLION GRANT FROM THE W. K. KELLOGG FOUNDATION TO SUPPORT PARENT ENGAGEMENT PROGRAMS INCLUDING PARENT-TEACHER HOME VISITS, KINDERGARTEN BOOT CAMP, AND THE PARENT ACADEMY PROGRAM, WHICH PROVIDES WRAP-AROUND SUPPORT, EDUCATION, TRAINING, AND HEALTH AND HUMAN SERVICE RESOURCES. DURING COVID, WE WORKED WITH COMMUNITY PARTNERS TO RAISE OVER 23 MILLION SO THAT OUR 50,000 STUDENTS AND THEIR FAMILIES COULD HAVE ACCESS TO DEVICES, CONNECTIVITY AND FREE TECHNICAL SUPPORT. WE HAVE ALSO RAISED OVER 600,000 IN FUNDS THAT SUPPORT INDUSTRY-BASED CAREER PATHWAY EDUCATION PROGRAMS INCLUDING NEW CAREER AND TECHNICAL EDUCATION OPPORTUNITIES, DUAL ENROLLMENT, INCREASED CREDENTIAL ATTAINMENT, JOB SHADOWING, SUMMER EMPLOYMENT, AND WORK-BASED LEARNING OPPORTUNITIE
THE CURRENTLY DPSF OVERSEES 18MM IN PROGRAM RESTRICTED FUNDS AND 79 GRANTS. MAJOR PROGRAMS INCLUDE A LEAD PARTNERSHIP WITH FORD MOTOR COMPANY FUND IN THE OPERATIONS OF THE FORD RESOURCE AND ENGAGEMENT CENTER FREC AT FISHER UPPER MAGNET ACADEMY--WITH A 5 MILLION INVESTMENT OVER 6 YEARS PROVIDING RESOURCES AND SERVICES TO FAMILIES AND A 3.6 MILLION GRANT FROM THE W. K. KELLOGG FOUNDATION TO SUPPORT PARENT ENGAGEMENT PROGRAMS INCLUDING PARENT-TEACHER HOME VISITS, KINDERGARTEN BOOT CAMP, AND THE PARENT ACADEMY PROGRAM, WHICH PROVIDES WRAP-AROUND SUPPORT, EDUCATION, TRAINING, AND HEALTH AND HUMAN SERVICE RESOURCES. DURING COVID, WE WORKED WITH COMMUNITY PARTNERS TO RAISE OVER 23 MILLION SO THAT OUR 50,000 STUDENTS AND THEIR FAMILIES COULD HAVE ACCESS TO DEVICES, CONNECTIVITY AND FREE TECHNICAL SUPPORT. WE HAVE ALSO RAISED OVER 600,000 IN FUNDS THAT SUPPORT INDUSTRY-BASED CAREER PATHWAY EDUCATION PROGRAMS INCLUDING NEW CAREER AND TECHNICAL EDUCATION OPPORTUNITIES, DUAL ENROLLMENT, INCREASED CREDENTIAL ATTAINMENT, JOB SHADOWING, SUMMER EMPLOYMENT, AND WORK-BASED LEARNING OPPORTUNITIE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela J Moore President/ceo | Officer | 40 | $156,858 |
Shawn Wilson Member | Trustee | 1 | $0 |
Angelique Peterson-Mayberry Vice President | OfficerTrustee | 2 | $0 |
Elizabeth Correa Chairman | OfficerTrustee | 2 | $0 |
Gwendolyn L Hatten Bulter Treasurer | OfficerTrustee | 2 | $0 |
Joyce Hayes Giles Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Human-i-t Information Technology | 6/29/21 | $658,750 |
Urge Imprint Llc Consulting | 6/29/21 | $239,884 |
Human-i-t Information Technology | 6/29/21 | $658,750 |
Allied Universal Security Services Security Services | 6/29/21 | $171,709 |
Urge Imprint Llc Consulting | 6/29/21 | $239,884 |
Allied Universal Security Services Security Services | 6/29/21 | $171,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,167,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,167,353 |
| Total Program Service Revenue | $408,136 |
| Investment income | $22,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $134,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,732,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,763,663 |
| Grants and other assistance to domestic individuals. | $280,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,858 |
| Compensation of current officers, directors, key employees. | $45,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,615 |
| Advertising and promotion | $0 |
| Office expenses | $9,761 |
| Information technology | $8,038 |
| Royalties | $0 |
| Occupancy | $677 |
| Travel | $183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,346 |
| All other expenses | $0 |
| Total functional expenses | $8,710,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,031,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,639 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,519 |
| Total assets | $5,212,797 |
| Accounts payable and accrued expenses | $207,353 |
| Grants payable | $309,592 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $516,945 |
| Net assets without donor restrictions | $562,635 |
| Net assets with donor restrictions | $4,133,217 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,212,797 |
Grants Awarded
Over the last fiscal year, Detroit Public Schools Foundation has awarded $30,240,630 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: EDUCATION | $10,042,028 |
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: EDUCATION | $10,042,028 |
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: EDUCATION | $10,042,028 |
Southfield, MI PURPOSE: EDUCATION | $18,182 |
Southfield, MI PURPOSE: EDUCATION | $18,182 |
Southfield, MI PURPOSE: EDUCATION | $18,182 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Detroit Public Schools Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |