Overview

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Est.

1970

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Business Leaders for Michigan is a nonprofit organization focused on community improvement, dedicated to making Michigan a "top ten" state for jobs, personal income, and a healthy economy. Comprising the chairpersons, CEOs, and senior executives of the state's largest companies and universities, the organization represents a significant portion of Michigan's economy, driving $4.5 million in total revenue with an operating budget of $4.8 million for the 2024 filing year. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.businessleadersformichigan.com.

Mission Statement

BUSINESS LEADERS FOR MICHIGAN, THE STATE'S BUSINESS ROUNDTABLE, IS DEDICATED TO MAKING MICHIGAN A "TOP TEN" STATE FOR JOBS, PERSONAL INCOME AND A HEALTHY ECONOMY. THE ORGANIZATION IS COMPOSED EXCLUSIVELY OF THE CHAIRPERSONS, CHIEF EXECUTIVE OFFICERS, OR MOST SENIOR EXECUTIVES OF MICHIGAN'S LARGEST COMPANIES AND UNIVERSITIES. OUR MEMBERS DRIVE NEARLY ONE-THIRD OF THE STATE'S ECONOMY, PROVIDE 390,000 DIRECT JOBS IN MICHIGAN, GENERATE OVER $1 TRILLION IN ANNUAL REVENUE AND SERVE NEARLY HALF OF ALL MICHIGAN PUBLIC UNIVERSITY STUDENTS.
Revenues
$4.5M
Expenses
$4.8M
Net Income:
-$268.9K
Assets
$7.7M
Liabilities
$1.4M
Net Assets:
+$6.3M
Operating Budget
$4.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$115.3K
Largest grant received
$115.3K
J
Jeffrey Donofrio
Board Member
R
Randi Berris
Board Member
T
Timothy Sowton
Board Member

Frequently Asked Questions

What is BUSINESS LEADERS FOR MICHIGAN’s budget?
In 2024, BUSINESS LEADERS FOR MICHIGAN reported an annual operating budget of around $4.8 million. More detailed financial information is available to registered users.
What causes does BUSINESS LEADERS FOR MICHIGAN support?
BUSINESS LEADERS FOR MICHIGAN supports work in Community improvement.
Where does BUSINESS LEADERS FOR MICHIGAN operate?
BUSINESS LEADERS FOR MICHIGAN is headquartered in Detroit, MI.
Who funded BUSINESS LEADERS FOR MICHIGAN recently?
In 2023, BUSINESS LEADERS FOR MICHIGAN received grants from COMERICA CHARITABLE FOUNDATION, COMERICA CHARITABLE FOUNDATION, and WOLVERINE WORLD WIDE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant BUSINESS LEADERS FOR MICHIGAN received in 2023?
The largest grant to BUSINESS LEADERS FOR MICHIGAN in 2023 exceeds $115 thousand.