Comerica Cares Fund
- Assets
- $172.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2023
- EIN
- 83-4627857
Organization Overview
Comerica Cares Fund is located in Detroit, MI. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comerica Cares Fund 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 12/2023, Comerica Cares Fund generated $160.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $161.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IN 2023, THE COMERICA CARES FUND AWARDED 57 GRANTS TOTALING $127,810.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Mccann President | 1 | $0 | |
Jamille Box Finance Chair | 1 | $0 | |
Ashley Federer Secretary | 1 | $0 | |
Wendi Herrick Administrative Officer | 1 | $0 | |
Gretchen Walsh Business Partner Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,977 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,977 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,561 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $42 |
| Other expenses | $998 |
| Total expenses | $161,411 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,796 |
| Other assets | $0 |
| Total assets | $172,796 |
| Total liabilities | $0 |
| Net assets or fund balances | $172,796 |