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Filing year 2024

FLAGSTAR FOUNDATION INC

Troy, Michigan·EIN 82-1812075·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.4M
Total assets
$19M
Total expenses
$3.8M
Reported officers
9

Reported officers (all unpaid)

No paid executives reported in 2024. FLAGSTAR FOUNDATION INC reported 9 unpaid officers and board members on its 990-PF.

Managing Director
Secretary
Trustee
Trustee
Trustee
Trustee
Treasurer
President
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$3.4M

Itemized grants

199

Median grant

$20k

RecipientLocationPurposeAmount
COMMUNITY FOUNDATION FOR SE MICHIGANDETROIT, MIPONTIAC FUNDERS COLLABORATIVE$100k
ARIVA INCBRONX, NYFINANCIAL CAPABILITY$50k
HISPANIC UNITY OF FLORIDA INCHOLLYWOOD, FLFINANCIAL CAPABILITY - VITA$50k
COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGANLANSING, MIFINANCIAL CAPABILITY$50k
EL NIDO FAMILY CENTERSLOS ANGELES, CAFINANCIAL CAPABILITY$50k
NEW YORK CITY EMPLOYMENT AND TRAINING COALITION INCNEW YORK, NYWORKFORCE READINESS$50k
PER SCHOLAS INCBRONX, NYWORKFORCE READINESS$50k
UNITED WAY OF SOUTH CENTRAL MICHIGANKALAMAZOO, MIFINANCIAL CAPABILITY$50k
826 MICHIGANANN ARBOR, MIARTS CULTURE GRANT$25k
ACCOUNTING AID SOCIETYDETROIT, MIFINANCIAL CAPABILITY$25k
AMERICAN CORPORATE PARTNERSNEW YORK, NYWORKFORCE READINESS$25k
APA FAMILY SUPPORT SERVICESSAN FRANCISCO, CAWORKFORCE READINESS$25k
ARC OF ESSEX COUNTY INCLIVINGSTON, NJWORKFORCE READINESS$25k
CENTER FOR HEARING AND COMMUNICATIONNEW YORK, NYWORKFORCE READINESS$25k
THE SOUP KITCHEN INCBOYNTON BEACH, FLWORKFORCE READINESS$25k
CENTER FOR INDEPENDENT LIVING BROWARD INCLAUDERDALE LAKES, FLFINANCIAL CAPABILITY - VITA$25k
COMMUNITY ACCESS CENTER INCMIRAMAR, FLFINANCIAL CAPABILITY - VITA$25k
CORPORATE SOURCE INCGARDEN CITY, NYWORKFORCE READINESS$25k
ENTERPRISE COMMUNITY PARTNERS INCNEW YORK, NYWORKFORCE READINESS$25k
ENTERPRISE COMMUNITY PARTNERS INCCLEVELAND, OHFINANCIAL CAPABILITY - VITA$25k
HOUSING PARTNERSHIP INCRIVIERA BEACH, FLFINANCIAL CAPABILITY - VITA$25k
MIAMI RESCUE MISSION BROWARD OUTREACH CENTERS INCMIAMI, FLWORKFORCE READINESS$25k
PATHWAYS OF PROSPERITY INCBOYNTON BEACH, FLWORKFORCE READINESS$25k
SAMARITASDETROIT, MIWORKFORCE READINESS$25k
SERVICES TO ENHANCE POTENTIALDEARBORN, MIWORKFORCE READINESS$25k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

FLAGSTAR FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$2.8M
2023
$1.4M
$3.8M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

FLAGSTAR FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about FLAGSTAR FOUNDATION INC

What are FLAGSTAR FOUNDATION INC's revenue and expenses?

In 2024, FLAGSTAR FOUNDATION INC reported $1.4M in total revenue and $3.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.