Nonprofit · EIN 82-2587771
KALAMAZOO FOUNDATION FOR EXCELLENCE
Tax-exempt · KALAMAZOO, MI 49007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $60,186,659 | $21,972,665 | $38,213,994 | $564,369,926 | $272,753 | $564,097,173 |
| December 31, 2024 | 990 | $44,940,794 | $21,389,191 | $23,551,603 | $516,931,278 | $232,365 | $516,698,913 |
| December 31, 2023 | 990 | $7,065,849 | $19,270,802 | -$12,204,953 | $470,474,393 | $233,540 | $470,240,853 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $17,670,094
- Program service revenue
- $0
- Investment income
- $42,516,565
- Net gain from sales of assets
- $35,814,163
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,878,459
- Compensation of officers, directors and key employees
- $184,845
- Salaries, compensation and benefits (total)
- $198,176
- Professional fundraising fees
- $0
- Legal fees
- $14,479
- Accounting fees
- $16,100
- Program services (functional)
- $20,878,459
- Management and general (functional)
- $1,039,236
- Fundraising (functional)
- $54,970
Balance sheet and other
- Total assets, start of year
- $516,931,278
- Total assets, end of year
- $564,369,926
- Total liabilities, end of year
- $272,753
- Net assets, end of year
- $564,097,173
- Publicly traded securities
- $384,577,456
- Net assets without donor restrictions
- $388,844,173
- Net assets with donor restrictions
- $175,253,000
- Gross receipts
- $101,050,675
- Employees
- 1
- Volunteers
- 18
- Year formed
- 2017
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BROWN | EXECUTIVE DIRECTOR Officer | 40 | $160,828 | $24,017 |
| ALISA CARREL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN VAZQUEZ-ALATORRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELSEY MCKAGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARIKA PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL LONBERG | DIRECTOR (ENDED 5/25) Trustee or director | 1 | $0 | $0 |
| ALICE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QIANNA DECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IDA SALAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH DRUMM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA WESTBURY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDRA CALDERON-HUEZO | DIRECTOR (ENDED 5/25) Trustee or director | 1 | $0 | $0 |
| JAMAURI BOGAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY BALKEMA | TREASURER Trustee or director, Officer | 2 | $0 |
| JAMES K RITSEMA | VICE PRESIDENT (ENDED 11/25) Trustee or director, Officer | 2 | $0 |
| DR ANDREA BOSTROM | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEVE VICENZI | CFO Officer | 2 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BROWN | EXECUTIVE DIRECTOR Officer | 40 | $152,553 | $12,914 |
| JAMAURI BOGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN VAZQUEZ-ALATORRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELSEY MCKAGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARIKA PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL LONBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| QIANNA DECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IDA SALAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN YARBROUGH | DIRECTOR (ENDED 2/24) Trustee or director | 1 | $0 | $0 |
| JEANNE HESS | DIRECTOR (ENDED 4/24) Trustee or director | 1 | $0 | $0 |
| CHARLENE TAYLOR | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| VON WASHINGTON JR | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| MICHAEL HARRISON | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| DR ANDREA BOSTROM | DIRECTOR/SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARY BALKEMA | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ALISA CARREL | TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| BARBARA HAMILTON-MILLER | SECRETARY (ENDED 5/24) Trustee or director, Officer | 2 | $0 | $0 |
| JAMES K RITSEMA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SANDRA CALDERON-HUEZO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVE VICENZI | CFO Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BROWN | EXECUTIVE DIRECTOR Officer | 40 | $138,487 | $18,987 |
| JONATHAN YARBROUGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNE HESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL LONBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLENE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VON WASHINGTON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOBBY J HOPEWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ANDREA BOSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY BALKEMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IDA SALAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA HAMILTON-MILLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALISA CARREL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JAMES K RITSEMA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SANDRA CALDERON-HUEZO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVE VICENZI | CFO Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 241 W SOUTH ST, KALAMAZOO, MI 49007-4707
- In care of
- % CITY ATTORNEY
- Principal officer (990 for 2025)
- STEVE VICENZI, 241 W SOUTH STREET, KALAMAZOO, MI 49007
- Signed the 990
- STEVE VICENZI, CFO
- Phone
- (269) 337-8047
- Website
- WWW.KALAMAZOOFFE.ORG
- Return prepared by
- MANER COSTERISAN PC
Mission
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.
Program accomplishments
- 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.Expenses $20,878,459 · grants $20,878,459
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2587771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $564,369,926
- Income (IRS master file)
- $101,050,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $60,186,659 | $21,972,665 | $564,369,926 | XML |
| 990 | December 2024 | $44,940,794 | $21,389,191 | $516,931,278 | XML |
| 990 | December 2023 | $7,065,849 | $19,270,802 | $470,474,393 | XML |
| 990 | December 2022 | -$45,996 | $442,576 | $449,296,586 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2587771).
Questions about KALAMAZOO FOUNDATION FOR EXCELLENCE
- What is the EIN of KALAMAZOO FOUNDATION FOR EXCELLENCE?
- The employer identification number (EIN) of KALAMAZOO FOUNDATION FOR EXCELLENCE is 82-2587771.
- Is KALAMAZOO FOUNDATION FOR EXCELLENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to KALAMAZOO FOUNDATION FOR EXCELLENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does KALAMAZOO FOUNDATION FOR EXCELLENCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KALAMAZOO FOUNDATION FOR EXCELLENCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KALAMAZOO FOUNDATION FOR EXCELLENCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KALAMAZOO FOUNDATION FOR EXCELLENCE?
- The 990 for the year ended December 31, 2025 names STEVE VICENZI.
- Who are the officers and directors of KALAMAZOO FOUNDATION FOR EXCELLENCE?
- The 990 for the year ended December 31, 2025 lists 19 people; 1 received compensation from the organization, the highest $160,828 (STEVE BROWN, EXECUTIVE DIRECTOR).
- How much revenue does KALAMAZOO FOUNDATION FOR EXCELLENCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $60,186,659, expenses of $21,972,665 and total assets of $564,369,926 at year end.
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