Charles Stewart Mott Foundation is a private foundation based in Flint, MI that was founded in 1933. As of 2019 they had $231 million in revenue and $3.0 billion in assets.
Charles Stewart Mott Foundation makes grants to other organizations, such as $27,750,000 to Flint Cultural Center Foundation for "To Support the Development and Construction of A Steam-Focused School That Would Provide Another Avenue for High Quality Educational Opportunities for Residents in the Region."; $9,000,000 to Foundation for Uptown Reinvestment for "To Support Economic Revitalization Efforts in A Community That Continues To Be Plagued By Urban Blight, Population and Job Losses and Chronic Poverty."; $2,858,000 to Crim Fitness Foundation for "To Support the Expansion of A 21ST Century Community Schools Model in Flint Community Schools and Other Flint Area Schools."; $2,700,000 to Genesee Area Focus Fund for "To Provide A Research-Based, High-Quality Afterschool Program Model To Students With the Greatest Needs in Flint and Genesee County."; and $2,400,000 to Afterschool Alliance for "To Support A Coalition of Organizations Dedicated To Raising Awareness Of, and Public Support For, Afterschool Programs.".
EIN:
38-1211227
City:
State:
Website:
Facebook:
Twitter:
Founded:
1933
Type:
501(c)(3)
NTEE:
Revenue:
$231,585,025
Assets:
$3,005,302,218
Fiscal year end:
December
Form 990s for Charles Stewart Mott Foundation
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Jan 9, 2020 | 990PF | View PDF |
| 2017-12 | Feb 21, 2019 | 990PF | View PDF |
| 2016-12 | Mar 14, 2018 | 990PF | View PDF |
| 2015-12 | Feb 27, 2017 | 990PF | View PDF |
| 2014-12 | Jan 7, 2016 | 990PF | View PDF |
| ...and four more Form 990 PDFs |
Financials for Charles Stewart Mott Foundation
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Investment income and dividends | $33,141,114 | $18,133,830 | 82.8% |
| Net rental income | $-1,379,121 | $-1,671,230 | 17.5% |
| Net gain from sale of non-inventory assets | $47,947,702 | $57,503,274 | -16.6% |
| Gross sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $149,620,871 | $123,781,335 | 20.9% |
| Total revenues | $231,585,025 | $200,245,872 | 15.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Compensation of current officers, etc. | $3,627,994 | $3,216,943 | 12.8% |
| Non-officer salaries and wages | $8,827,224 | $8,293,550 | 6.4% |
| Pension/retirement accruals and contributions | $6,771,199 | $7,370,647 | -8.1% |
| Legal fees | $699,996 | $699,996 | |
| Accounting fees | $294,000 | $253,600 | 15.9% |
| Other fee-for-service | $4,056,672 | $3,506,361 | 15.7% |
| Interest | $0 | $0 | |
| Depreciation, amortization, etc. | $248,212 | $245,660 | 1.0% |
| Occupancy | $1,750,821 | $1,981,050 | -11.6% |
| Travel | $919,912 | $1,050,287 | -12.4% |
| Office expenses | | | |
| Grants to all govts., orgs., and individuals | $131,758,088 | $122,640,075 | 7.4% |
| All other expenses | $3,413,886 | $8,161,538 | -58.2% |
| Total expenses | $162,586,238 | $157,633,312 | 3.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $24,102 | $24,281 | -0.7% |
| Savings, short-term investments, etc. | $102,532,973 | $113,483,093 | -9.6% |
| Accounts receivable | $93,482 | $79,420 | 17.7% |
| Pledges and grants receivable | $93,482 | $79,420 | 17.7% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Notes and loans receivable | $1,500,000 | $1,500,000 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $452,066 | $2,819,555 | -84.0% |
| Investments in government obligations | $95,343,484 | $86,991,386 | 9.6% |
| Investments in corporate stock | $483,288,885 | $610,515,516 | -20.8% |
| Investments in corporate bonds | $177,982,580 | $176,051,567 | 1.1% |
| Investments in land, buildings, and equipment | $2,855,451 | $3,066,346 | -6.9% |
| Investments in mortgage loans | $0 | $0 | |
| Other types of investments | $2,135,800,994 | $2,100,746,989 | 1.7% |
| Buildings, equipment, etc. post-depreciation | $4,361,998 | $2,173,003 | 100.7% |
| Other assets | $1,066,203 | $807,491 | 32.0% |
| Total assets | $3,005,302,218 | $3,098,258,647 | -3.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $2,425,035 | $2,051,515 | 18.2% |
| Grants payable | $27,244,273 | $25,820,483 | 5.5% |
| Deferred revenue | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $58,215,809 | $61,614,300 | -5.5% |
| Total liabilities | $87,885,117 | $89,486,298 | -1.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $2,917,417,101 | $3,008,772,349 | -3.0% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Charles Stewart Mott Foundation
| Vendor | Services | Amount paid | Date |
|---|
| WordPress | Content management system software | | 2020-06-15 |
| █████████ | Marketing software | | 2020-06-15 |
| █████ | Software | | 2020-06-15 |
| ██████ ███ █████ ████ | Audit accounting | | 2019-12-31 |
| █████████ █████████ █████ | Actuarial services | | 2019-12-31 |
| ███ ████████ █████ | Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (directed), Participant loan processing | $1,012 | 2019-12-31 |
| █████████ ████ █████████ ███████ | Investment management; Insurance; Contract Administrator | $28,503 | 2019-12-31 |
| ████████ █████████ ████ | Insurance agent or broker | $127,615 | 2019-12-31 |
| ...and seven more vendors |
Personnel at Charles Stewart Mott Foundation
| Name | Title | Compensation | Most recent data |
|---|
| Ridgway H. White | Chairman / President and Chief Executive Officer / President , Chief Executive Officer and Trustee | $428,490 | July 16, 2020 |
| Jay C. Flaherty | Vice President and Chief Information Officer | $1.2 million | July 16, 2020 |
| ███████ ██ ██████ | Vice President - Communications | $279,311 | July 16, 2020 |
| ████ ███████ | Vice President - Programs | $399,007 | July 16, 2020 |
| ██████ ██████ | Program Director | - | July 16, 2020 |
| ███ ████████ | Director - Environment | $208,558 | Dec. 31, 2017 |
| ██████ ███████ | Investment Manager | $471,355 | July 16, 2020 |
| ███████ ██ ██████ | Information Services Manager | - | July 16, 2020 |
| █████ █████ | Human Resources Manager | - | July 16, 2020 |
| ███████ ██ ██████████ | Grants Manager | - | Aug. 1, 2019 |
| ...and six more key personnel |
Peer private foundations
| | Name | Type | Revenue | Location |
|---|
| 1 | The Ford Foundation | 501(c)(3) | $129 million | New York, NY |
| 2 | W.K. Kellogg Foundation (WKKF) | 501(c)(3) | $386 million | Battle Creek, MI |
| 3 | Kresge Foundation | 501(c)(3) | $253 million | Troy, MI |
| 4 | The Carmel Hill Fund Education Program | 501(c)(3) | $61 million | New York, NY |
| 5 | The Wallace Foundation | 501(c)(3) | $86 million | New York, NY |
| 6 | Harry & Jeanette Weinberg Foundation | 501(c)(3) | $138 million | Owings Mills, MD |
| 7 | Surdna Foundation | 501(c)(3) | $81 million | New York, NY |
| 8 | Gates Family Foundation (GFF) | 501(c)(3) | $67 million | Denver, CO |
| 9 | Annie E Casey Foundation (AECF) | 501(c)(3) | $152 million | Baltimore, MD |
| 10 | Charles H Dater Foundation | 501(c)(3) | $62 million | Cincinnati, OH |
| 11 | Heinz Endowments | 501(c)(3) | $114 million | Pittsburgh, PA |
| 12 | Rippleworks | 501(c)(3) | $296 million | Redwood City, CA |
| 13 | M J Murdock Charitable Trust | 501(c)(3) | $115 million | Vancouver, WA |
| 14 | Medtronic Foundation | 501(c)(3) | $80 million | Fridley, MN |
| 15 | Community Foundation for Southeast Michigan (CFSEM) | 501(c)(3) | $124 million | Detroit, MI |
| 16 | John Templeton Foundation | 501(c)(3) | $232 million | West Conshohocken, PA |
| 17 | JE Barbey 8 Tenacre Foundation | 501(c)(3) | $62 million | Pittsburgh, PA |
| 18 | The Schmidt Family Foundation (TSFF) | 501(c)(3) | $613 million | Palo Alto, CA |
| 19 | Ben Appelbaum Foundation | 501(c)(3) | $58 million | New York, NY |
| 20 | The National Coalition of Health Care Sharing Ministries | 501(c)(3) | $61 million | Canton, OH |
| 21 | Otto Bremer Trust (OBT) | 501(c)(3) | $94 million | St Paul, MN |
| 22 | Joyce Foundation | 501(c)(3) | $75 million | Chicago, IL |
| 23 | John D & Catherine T Macarthur Foundation | 501(c)(3) | $132 million | Chicago, IL |
| 24 | Gordon E and Betty I Moore Foundation | 501(c)(3) | $530 million | Palo Alto, CA |
| 25 | George Gund Foundation | 501(c)(3) | $76 million | Cleveland, OH |