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UMRC Foundation INC

Public charity
Other · CHELSEA, MI · EIN 38-3443089

About

BRIO has been a leader in caring for older adults since its faithful founding in 1906. With a tradition of exceptional quality and commitment to cutting-EDGE care, today BRIO offers michigan's most diverse continuum of housing options and services across 12 counties to older adults of ALL income levels. The foundation was created in 1998 as the fundraising ARM supporting benevolent care for residents who have outlived their savings, as well as growth opportunities for the organization. The foundation's mission is to promote the wellness, dignity, and independence of seniors by supporting the residents, staff, and communities BRIO serves. The population of adults over the AGE of 65 is expected to double by the year 2030, and the oldest adults, 85 years and older, will grow by 300%. BRIO is committed in its efforts to remain ahead of the curve and to embrace the care needs and wishes of this dramatically growing sector. BRIO's vision is to continue its own significant growth, creating and enhancing options to increase the number of older adults it serves, while focusing on BRIO's faith-based mission.

Donations are tax-deductible
Category
Other
Employees
12
Volunteers
24

Financial Snapshot

FY ending 2024-06-30
Revenue
$13.1M
Expenses
$4.9M
Assets
$71.3M
Liabilities
$606K

Financial history

$17.9M$9.0M$0
161718192021222324
RevenueExpenses
Latest FY2024: $13.1M · Peak FY2022: $17.9M · Avg: $10.5M

Foreign activity (Schedule F)

Total spent abroad$7.1M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.6M
UMRC FOUNDATION INC
Your actions

Address

805 W Middle Street
Chelsea, MI, 48118-136

Governance

Voting board members16
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %45.5%
Permanent endowment %54.5%
Endowment held by related orgNo
Public records
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