2023-05-03T14:43:24-05:00 2022-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2022-01-01 822587771 KALAMAZOO FOUNDATION FOR EXCELLENCE KALA 2693378047 241 W SOUTH STREET KALAMAZOO MI 49007 STEVE VICENZI CFO 2693378020 2023-05-03 1 STEVE VICENZI 999009999 1 AMBER RATHBUN CPA P01786612 5173237500 2023-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE VICENZI 241 W SOUTH STREET KALAMAZOO MI 49007 42670854 0 X WWW.KALAMAZOOFFE.ORG X 2017 MI TO SUPPORT THE GOALS OF THE CITY OF KALAMAZOO, FUND INVESTMENTS, AND EMPOWER RESIDENTS. 16 16 0 17 0 0 367158392 488232 0 0 2384094 -534228 0 0 369542486 -45996 0 0 0 0 0 0 0 0 0 416961 442576 416961 442576 369125525 -488572 479208810 449296586 22833 33160 479185977 449263426 THE MISSION OF THE KALAMAZOO FOUNDATION FOR EXCELLENCE IS TO SUPPORT THE GOALS OF THE CITY OF KALAMAZOO, FUND ASPIRATIONAL INVESTMENTS IN THE CITY, AND EMPOWER KALAMAZOO RESIDENTS TO ACHIEVE THE LIVES THEY WANT FOR THEMSELVES AND THEIR FAMILIES. 0 0 SPURRED THE EXPANSIONS OF SUCCESSFUL YOUTH PROGRAMS AND SUPPORTED YOUTH DEVELOPMENT, RENOVATIONS OF PARKS, NEIGHBORHOOD ENHANCEMENT PROJECTS, CREATION OF AFFORDABLE HOUSING, BUILDING INFRASTRUCTURE, AND SUPPORT OF SMALL BUSINESS ACTIVITY. 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X STEVE VICENZI CFO 2693378020 241 W SOUTH STREET KALAMAZOO MI 49007 X DAVID ANDERSON DIRECTOR 1.00 X 0 0 0 JEANNE HESS DIRECTOR 1.00 X 0 0 0 RACHEL LONBERG DIRECTOR 1.00 X 0 0 0 ALICE TAYLOR DIRECTOR 1.00 X 0 0 0 CHARLENE TAYLOR DIRECTOR 1.00 X 0 0 0 STEPHANIE HOFFMAN DIRECTOR 1.00 X 0 0 0 VON WASHINGTON JR DIRECTOR 1.00 X 0 0 0 BOBBY J HOPEWELL DIRECTOR 1.00 X 0 0 0 MICHAEL HARRISON DIRECTOR 1.00 X 0 0 0 DR ANDREA BOSTROM DIRECTOR 1.00 X 0 0 0 MARY BALKEMA DIRECTOR 1.00 X 0 0 0 IDA SALAS DIRECTOR 1.00 X 0 0 0 BARBARA HAMILTON-MILLER SECRETARY 2.00 X X 0 0 0 ALISA CARREL TREASURER 2.00 X X 0 0 0 JAMES K RITSEMA VICE PRESIDENT 2.00 X X 0 0 0 SANDRA CALDERON-HUEZO PRESIDENT 2.00 X X 0 0 0 STEVE VICENZI CFO 2.00 X 0 0 0 0 0 0 0 0 0 0 0 488232 485400 488232 1392531 1392531 40790091 42716850 -1926759 -1926759 -1926759 -45996 0 0 -534228 X 14596 14596 11300 11300 232880 232880 183250 183250 BANK FEES 550 550 442576 0 442576 0 5831 8097 74240 75845 150609739 160566644 328519000 288646000 479208810 449296586 21832 32153 1001 1007 22833 33160 X 151231485 160617426 327954492 288646000 479185977 449263426 479208810 449296586 -488572 -29433979 0 X 0 1 X 1 0 X X X 1 CITY OF KALAMAZOO MICHIGAN 386004627 6 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION A, LINE 2 THE SUPPORTED ORGANIZATION IS A GOVERNMENTAL UNIT, WHICH AUTOMATICALLY QUALIFIES UNDER IRC SECTION 509(A)(1). PART IV, SECTION E, LINE 1C THE ORGANIZATION IS RESPONSIVE TO THE NEEDS OF THE CITY OF KALAMAZOO, MICHIGAN. THIS REQUIRES THAT THE OFFICERS AND DIRECTORS OF THE ORGANIZATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE CITY COMMISSION, AS REQUIRED BY THE ARTICLES OF INCORPORATION. DIRECTOR POSITIONS SHALL BE FILLED BY VOTE OF THE BOARD OF DIRECTORS FOLLOWING NOMINATION BY THE CITY COMMISSION. THE CITY DIRECTORS CONSISTS OF THE MAYOR OF THE CITY OF KALAMAZOO AND THE CITY MANAGER OF THE CITY OF KALAMAZOO, TWO PERSONS WHO ARE CURRENT COMMISSIONERS ON THE CITY COMMISSION, AND ONE PERSON NOMINATED AND ELECTED BY THE CITY COMMISSION WHO SHALL BE CHOSEN FROM THE KALAMAZOO COMMUNITY. THE ORGANIZATION OPERATES IN AN EXCLUSIVE FINANCIAL RELATIONSHIP WITH THE CITY OF KALAMAZOO IN A NATIONALLY UNIQUE MODEL. THE ORGANIZATION'S FUNDS DIRECTLY SUPPORT PROGRAMS AND PROJECTS OF CITY DEPARTMENTS IN THEIR WORK, OFTEN CONDUCTED WITH PARTNERS WHOSE MISSIONS ALIGN WITH THE GOALS AND OBJECTIVES OF THE IMAGINE KALAMAZOO 2025 STRATEGIC VISION AND OTHER ADOPTED CITY PLANS. PART IV, SECTION D, LINE 3 A FINANCE COMMITTEE HAS BEEN ESTABLISHED, WHICH INCLUDES THE ORGANIZATION'S TREASURER, THE CITY'S FINANCE DIRECTOR, OR A SIMILAR POSITION (OR A PERSON APPOINTED BY THE CITY'S FINANCE DIRECTOR), THE CITY MANAGER AND TWO STAKEHOLDER DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CONTRIBUTIONS RECEIVABLE 288646000 288646000 DUE TO CITY OF KALAMAZOO 1007 1007 X -29712855 -29433979 -29433979 -278876 232880 232880 -45996 209696 0 209696 232880 232880 442576 PART X, LINE 2: IN PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN RECORDED IN THE FINANCIAL STATEMENTS AS UNCERTAIN POSITIONS. TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. X 1 485400 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY AN OFFICER AND PROVIDED TO THE BOARD BEFORE FILING. AFTER ANY QUESTIONS OR CONCERNS ARE ADDRESSED, THE 990 IS SIGNED BY THE CFO AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE BROUGHT TO AN OFFICER'S ATTENTION AS THEY ARISE. BOARD MEMBERS ARE TRAINED IN ALL KALAMAZOO FOUNDATION FOR EXCELLENCE POLICIES INCLUDING THE CONFLICT OF INTEREST FORM WITHIN 90 DAYS OF THEIR APPOINTMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 180,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180,000. OUTSIDE CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,250. CITY OF KALAMAZOO 241 W SOUTH STREET KALAMAZOO MI 49007 396004627 GOVERNMENTAL ENTITY MI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0