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The Michigan Womens Foundation

Public charityFed auditsIRS 990
Community Development · DETROIT, MI · EIN 38-2689979

About

MWF is a community development financial institution whose mission is to expand economic opportunity for women and entrepreneurs of color by providing access to capital and business resources. MWF celebrates outstanding michigan women by honoring their leadership contributions to the community, economy, and our state. MWF's vision is to create an inclusive economy for the state of michigan where women and people of color CAN create viable businesses that build long-term sustainable wealth.

Donations are tax-deductible
Category
Community Development
Employees
23
Volunteers
244

Financial Snapshot

FY ending 2024-09-30
Revenue
$4.2M
Expenses
$3.0M
Assets
$12.2M
Liabilities
$8.6M

Financial history

$4.2M$2.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $4.2M · Avg: $2.7M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$182K
THE MICHIGAN WOMENS FOUNDATION
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Address

1155 Brewer Park BLVD
Detroit, MI, 48207-266

Governance

Voting board members21
Independent members20
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %69.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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