Russell Family Foundation
SUPPORTED CHARITABLE ORGANIZATIONS AND ACTIVITIES THROUGH THE AWARDING OF 6 GRANTS TO 6 DIFFERENT ORGANIZATIONS TOTALING $240,724 IMPACTING THE LOCAL COMMUNITY.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$1.3M
Total Expenses
$275K
Net Assets
$6.0M
Employees
0
Volunteers
6
Grants Paid
$241K
Program Expense Ratio
87.7%
This nonprofit profile presents IRS Form 990 tax filing data for Russell Family Foundation (EIN: 81-4827883), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Russell Family Foundation is a 501(c)(3) nonprofit headquartered in DETROIT, MI, founded in 2016. It is classified under NTEE code T19 (Support N.E.C.), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2017. In its 2024 filing, the organization reported $1.3M in total revenue, a 299.0% increase from the prior year, and $275K in total expenses. The organization engaged 6 volunteers. RICHARD L DEVORE, PRESIDENT AND SECRETARY, is the highest-compensated individual at $719,647. The organization runs 1 program, totaling $241K in program expenses. 3 of 6 recommended governance policies are in place.
Russell Family Foundation is classified under NTEE code T19 (Support N.E.C.), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
Russell Family Foundation operates 1 program, with total program expenses of $241K. Russell Family Foundation's largest program accounts for 100% of total program spending.
SIX GRANTS WERE MADE TO TAX-EXEMPT CHARITABLE ORGANIZATIONS TO SUPPORT CHARITABLE ACTIVITIES PRIMARILY IN SOUTHEASTERN MICHIGAN.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Russell Family Foundation's revenue has grown from $-109K to $1.3M, a 1303.5% increase. Program expenses represent 88% of total spending.
Revenue increased 299.0% year-over-year, while expenses declined 11.7%. net assets rose to $6.0M, up 5.6% from the prior year.
Russell Family Foundation derives 100% from investment income.
Russell Family Foundation allocates 88% to programs, 12% to management and general.
Revenue grew by 299.0% while expenses declined by only 11.7%, suggesting improving operational efficiency.
Russell Family Foundation distributed $241K in grants to other organizations and individuals, representing 88% of total expenses.
Over 5 filings from 2020–2024, Russell Family Foundation grew revenue from $-109K to $1.3M (+1303.5%) while maintaining a program expense ratio of 88%.
Russell Family Foundation holds $6.0M in total assets against $29K in liabilities (debt-to-asset ratio of 0%). The organization has 261.9 months of operating reserves. Cash and equivalents of $376 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $1.3M | $0 | $0 | $0 | $1.3M |
| 2023 | $328K | $16 | $0 | $0 | $328K |
| 2022 | $327K | $19 | $0 | $0 | $327K |
| 2021 | $197K | $5 | $0 | $0 | $197K |
| 2020 | $-109K | $564 | $0 | $0 | $-109K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $275K | $241K | $34K | $0 | $241K |
| 2023 | $311K | $283K | $0 | $0 | $283K |
| 2022 | $387K | $358K | $29K | $0 | $358K |
| 2021 | $321K | $289K | $32K | $0 | $289K |
| 2020 | $223K | $197K | $26K | $0 | $197K |
Program Expense Ratio
87.7%
Admin Expense Ratio
12.3%
Fundraising Efficiency
—
Operating Reserve
261.9 mo
People & Compensation(Tax Year 2024)
8 records
Russell Family Foundation reported compensation for 8 officers and key employees. Total officer compensation was $1.0M, representing 377.1% of total expenses. 1 individual received total compensation exceeding $500,000.
Russell Family Foundation's highest-compensated individual received $720K in total compensation. Total officer compensation of $1.0M represents 377.1% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| RICHARD L DEVORE | PRESIDENT AND SECRETARY | OfficerDirector | 0.50 | $0 | $654,744 | $719,647 |
| JENILYN NORMAN | VP, FINANCE AND ADMINISTRATION | Officer | 0.50 | $0 | $263,812 | $315,812 |
| MARK P RUSSELL | DIRECTOR | Director | 0.50 | $0 | $0 | $0 |
| PAUL C HILLEGONDS | DIRECTOR | Director | 0.50 | $0 | $0 | $0 |
| DAVID B KORTE | DIRECTOR | Director | 0.50 | $0 | $0 | $0 |
| KENNETH WHIPPLE | TREASURER | OfficerDirector | 0.50 | $0 | $0 | $0 |
| MARGARET A RUSSELL | VICE CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
| JOHN G RUSSELL | CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
RICHARD L DEVORE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JENILYN NORMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Russell Family Foundation has 3 of 6 recommended governance policies in place, including conflict of interest, document retention. Its board has 7 members, 6 of whom are independent.
Russell Family Foundation's financial statements are audited.
Russell Family Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
6 records
Russell Family Foundation awarded $241K across 6 grants to organizations. Top recipients include FIGURE SKATING IN HARLEM INC (DETROIT, MI) — $50K for support for year-round programs combining figure skating, academic support, and leadership training for underserved youth; SOUTHWEST SOLUTIONS (DETROIT, MI) — $50K for support to reduce the transportation barriers detroit youth experience in securing gainful employment; CARE HOUSE OF OAKLAND COUNTY INC (PONTIAC, MI) — $50K for support for staff training, improvement of online mandated reporting training program system, and for equipment and supplies.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| FIGURE SKATING IN HARLEM INC133945168 | DETROIT, MI | $50K | SUPPORT FOR YEAR-ROUND PROGRAMS COMBINING FIGURE SKATING, ACADEMIC SUPPORT, AND LEADERSHIP TRAINING FOR UNDERSERVED YOUTH |
| SOUTHWEST SOLUTIONS382672000 | DETROIT, MI | $50K | SUPPORT TO REDUCE THE TRANSPORTATION BARRIERS DETROIT YOUTH EXPERIENCE IN SECURING GAINFUL EMPLOYMENT |
| CARE HOUSE OF OAKLAND COUNTY INC382305297 | PONTIAC, MI | $50K | SUPPORT FOR STAFF TRAINING, IMPROVEMENT OF ONLINE MANDATED REPORTING TRAINING PROGRAM SYSTEM, AND FOR EQUIPMENT AND SUPPLIES |
| 826 MICHIGAN201963960 | ANN ARBOR, MI | $36K | SUPPORT FOR IMPROVING LITERACY AND COMMUNICATION SKILLS FOR ELEMENTARY SCHOOL STUDENTS IN YPSILANTI |
| COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN382530980 | DETROIT, MI | $29K | SUPPORT FOR GENERAL OPERATIONS |
| PROGRAMS TO EDUCATE ALL CYCLISTS753159584 | YPSILANTI, MI | $26K | SUPPORT FOR THE EMPOWERMENT OF INDIVIDUALS WITH DISABILITIES THROUGH CYCLING |
Foreign Activities(Tax Year 2024)
Activities span CENTRAL AMERICA AND THE CARIBBEAN.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $6.0M.
Filing History(Tax Years 2017–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $1.3M | $275K | $6.0M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $328K | $311K | $5.7M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $327K | $387K | $5.2M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $197K | $321K | $6.4M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $-109K | $223K | $5.8M |
| 2017–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Russell Family Foundation do?
SUPPORTED CHARITABLE ORGANIZATIONS AND ACTIVITIES THROUGH THE AWARDING OF 6 GRANTS TO 6 DIFFERENT ORGANIZATIONS TOTALING $240,724 IMPACTING THE LOCAL COMMUNITY.
How much revenue does Russell Family Foundation have?
Russell Family Foundation reported $1,308,505 in total revenue for tax year 2024, up 299.0% from the prior year.
Who is the highest-paid executive at Russell Family Foundation?
RICHARD L DEVORE, PRESIDENT AND SECRETARY, received $719,647 in total compensation as of tax year 2024.
Is Russell Family Foundation a 501(c)(3)?
Yes, Russell Family Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Russell Family Foundation located?
Russell Family Foundation is headquartered in DETROIT, MI 48226.
What type of nonprofit is Russell Family Foundation?
Russell Family Foundation is classified under NTEE code T19 (Support N.E.C.), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Russell Family Foundation audited?
Yes, Russell Family Foundation's financial statements are audited.
Does Russell Family Foundation give grants?
Yes, Russell Family Foundation distributed $240,724 in grants to other organizations and individuals in tax year 2024. Top recipients include FIGURE SKATING IN HARLEM INC, SOUTHWEST SOLUTIONS, CARE HOUSE OF OAKLAND COUNTY INC.
Does Russell Family Foundation operate internationally?
Yes, Russell Family Foundation conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN.
Data Source
Prepared by: DELOITTE TAX LLP, INDIANAPOLIS, IN
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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