2025-10-03T12:41:44-05:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 822587771 KALAMAZOO FOUNDATION FOR EXCELLENCE KALA 2693378047 241 W SOUTH STREET KALAMAZOO MI 49007 STEVE VICENZI CFO 2693378020 2025-08-01 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-08-02 2024 2025-03-06 01:10:19Z STEVE VICENZI 241 W SOUTH STREET KALAMAZOO MI 49007 108216722 0 X WWW.KALAMAZOOFFE.ORG X 2017 MI TO SUPPORT THE GOALS OF THE CITY OF KALAMAZOO, FUND INVESTMENTS, AND EMPOWER RESIDENTS. 15 15 1 21 0 0 4005169 22768518 0 0 3060680 22172276 0 0 7065849 44940794 18500872 20471989 0 0 169108 177595 0 0 55146 600822 739607 19270802 21389191 -12204953 23551603 470474393 516931278 233540 232365 470240853 516698913 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 20471989 20471989 SPURRED THE CONTINUATION AND EXPANSION OF SUCCESSFUL YOUTH PROGRAMS, CITY SIDEWALK AND INFRASTRUCTURE REPAIR AND REPLACEMENT, AFFORDABLE HOUSING, SMALL BUSINESS SUPPORTS, AND COMMUNITY OUTREACH FOR CITY PLANNING AND DEVELOPMENT.TO REDUCE CITY OF KALAMAZOO REAL ESTATE AND PERSONAL PROPERTY TAXES TO 12.0000 MILLS, AND PROVIDE FUNDING TO THE CITY OF KALAMAZOO TO ADDRESS THE STRUCTURAL REVENUE IMBALANCE TO THE CITY FINANCES DUE TO THE SHORTCOMING OF MICHIGAN'S MUNICIPAL FINANCE SYSTEM. 20471989 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 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 STEVE BROWN EXECUTIVE DIRECTOR 40.00 X 152553 0 12914 JAMAURI BOGAN DIRECTOR 1.00 X 0 0 0 ADRIAN VAZQUEZ-ALATORRE DIRECTOR 1.00 X 0 0 0 KELSEY MCKAGUE DIRECTOR 1.00 X 0 0 0 KARIKA PARKER DIRECTOR 1.00 X 0 0 0 DAVID ANDERSON 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 STEPHANIE HOFFMAN DIRECTOR 1.00 X 0 0 0 QIANNA DECKER DIRECTOR 1.00 X 0 0 0 IDA SALAS DIRECTOR 1.00 X 0 0 0 JONATHAN YARBROUGH DIRECTOR (ENDED 2/24) 1.00 X 0 0 0 JEANNE HESS DIRECTOR (ENDED 4/24) 1.00 X 0 0 0 CHARLENE TAYLOR DIRECTOR (ENDED 5/24) 1.00 X 0 0 0 VON WASHINGTON JR DIRECTOR (ENDED 5/24) 1.00 X 0 0 0 MICHAEL HARRISON DIRECTOR (ENDED 5/24) 1.00 X 0 0 0 DR ANDREA BOSTROM DIRECTOR/SECRETARY 2.00 X X 0 0 0 MARY BALKEMA DIRECTOR/TREASURER 2.00 X X 0 0 0 ALISA CARREL TREASURER/DIRECTOR 2.00 X X 0 0 0 BARBARA HAMILTON-MILLER SECRETARY (ENDED 5/24) 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 152553 0 12914 1 0 1 0 0 22768518 22753298 22768518 3525062 3525062 81923142 63275928 18647214 18647214 18647214 44940794 0 0 22172276 20471989 20471989 165467 132374 33093 12128 9702 2426 72867 72867 15200 15200 337812 337812 189188 189188 6610 6610 9200 9200 30519 30519 ADMINISTRATIVE FEES 50004 50004 DUES AND SUBSCRIPTIONS 15200 15200 PROFESSIONAL DEVELOPMEN 12243 1816 10427 BANK FEES 764 764 21389191 20471989 862056 55146 2153 4443 245074 822369 220095569 303766466 250131597 212338000 470474393 516931278 49690 39760 183850 192605 233540 232365 X 220109853 304360913 250131000 212338000 470240853 516698913 470474393 516931278 23551603 22906457 0 X 0 1 X 1 0 X X X 1 CITY OF KALAMAZOO MICHIGAN 386004627 6 1 20471989 0 1 20471989 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 212338000 212338000 DUE TO CITY OF KALAMAZOO 192605 192605 X 67509439 22906457 22906457 44602982 337812 337812 44940794 21051379 0 21051379 337812 337812 21389191 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. 0 CITY OF KALAMAZOO 241 W SOUTH STREET KALAMAZOO MI 49007 396004627 CITY OF KALAMAZOO 20471989 0 TO SUPPORT THE GOALS OF THE CITY 1 X 0 0 0 0 0 0 0 0 0 STEVE BROWN EXECUTIVE DIRECTOR 152553 0 0 0 0 0 326 0 12588 0 165467 0 0 0 X 2 22753298 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING THE CURRENT YEAR AND CHANGES INCLUDED UPDATING THE PROCESS FOR AMENDING THE BYLAWS AND CLARIFYING DIRECTOR AND COMMITTEE ROLES. 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. CITY OF KALAMAZOO 241 W SOUTH STREET KALAMAZOO MI 49007 396004627 GOVERNMENTAL ENTITY MI N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CITY OF KALAMAZOO B 20471989 COST CITY OF KALAMAZOO O 177595 COST