Nonprofit · EIN 82-3802146
MATTHEW AND KAREN CULLEN FAMILY FOUNDATION
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,188,091 | $194,949 | $993,142 | $7,809,920 | $115,484 | $7,694,436 |
| December 31, 2023 | 990 | $282,771 | $187,137 | $95,634 | $7,218,410 | $186,542 | $7,031,868 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,188,091
- Net gain from sales of assets
- $1,062,022
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $140,484
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $140,484
- Management and general (functional)
- $54,465
Balance sheet and other
- Total assets, start of year
- $7,218,410
- Total assets, end of year
- $7,809,920
- Total liabilities, end of year
- $115,484
- Net assets, end of year
- $7,694,436
- Net assets without donor restrictions
- $7,694,436
- Gross receipts
- $1,188,091
- Employees
- 0
- Volunteers
- 3
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD L DEVORE | DIRECTOR, PRESIDENT AND SECRETARY Trustee or director, Officer | 0.5 | $0 | $654,744 | $64,903 |
| NICOLE SHERARD-FREEMAN | DIRECTOR (START 9/24) Trustee or director | 0.5 | $0 | $412,982 | $3,054 |
| JENILYN NORMAN | VP, FINANCE AND ADMINISTRATION Officer | 0.5 | $0 | $263,812 | $52,000 |
| ERIC B LARSON | TREASURER, DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KAREN A CULLEN | VICE CHAIR, DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MATTHEW P CULLEN | CHAIR, DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| REGINALD M TURNER | DIRECTOR (END 9/24) Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD L DEVORE | DIRECTOR, PRESIDENT AND SECRETARY Trustee or director, Officer | 0.5 | $0 | $638,226 | $51,905 |
| JENILYN NORMAN | VP, FINANCE AND ADMINISTRATION Officer | 0.5 | $0 | $244,708 | $34,646 |
| ERIC B LARSON | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KAREN A CULLEN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MATTHEW P CULLEN | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| REGINALD M TURNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 W FORT ST STE 2010, DETROIT, MI 48226-3134
- Principal officer (990 for 2024)
- NICOLE SHERARD-FREEMAN, 333 WEST FORT STREET 2010, DETROIT, MI 48226
- Signed the 990
- NICOLE SHERARD-FREEMAN, PRESIDENT/CEO
- Phone
- (313) 961-6675
- Return prepared by
- DELOITTE TAX LLP
Mission
THE MATTHEW AND KAREN CULLEN FAMILY FOUNDATION SUPPORTS THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM) BY SUPPORTING ORGANIZATIONS WHOSE WORK FURTHERS CFSEM'S MISSION. THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN'S MISSION IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES ACROSS SOUTHEAST MICHIGAN TO MAKE IT A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.
Program accomplishments
- TWO GRANTS WERE MADE TO TAX-EXEMPT CHARITABLE ORGANIZATIONS TO SUPPORT CHARITABLE ACTIVITIES PRIMARILY IN SOUTHEAST MICHIGAN.Expenses $140,484 · grants $140,484
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 | Not 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
- 82-3802146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $7,809,920
- Income (IRS master file)
- $1,188,091
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,188,091 | $194,949 | $7,809,920 | XML |
| 990 | December 2023 | $282,771 | $187,137 | $7,218,410 | XML |
| 990 | December 2022 | $533,913 | $157,588 | $6,414,655 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 82-3802146).
Questions about MATTHEW AND KAREN CULLEN FAMILY FOUNDATION
- What is the EIN of MATTHEW AND KAREN CULLEN FAMILY FOUNDATION?
- The employer identification number (EIN) of MATTHEW AND KAREN CULLEN FAMILY FOUNDATION is 82-3802146.
- Is MATTHEW AND KAREN CULLEN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to MATTHEW AND KAREN CULLEN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MATTHEW AND KAREN CULLEN FAMILY FOUNDATION 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 MATTHEW AND KAREN CULLEN FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MATTHEW AND KAREN CULLEN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MATTHEW AND KAREN CULLEN FAMILY FOUNDATION?
- The 990 for the year ended December 31, 2024 names NICOLE SHERARD-FREEMAN.
- Who are the officers and directors of MATTHEW AND KAREN CULLEN FAMILY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MATTHEW AND KAREN CULLEN FAMILY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,188,091, expenses of $194,949 and total assets of $7,809,920 at year end.
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