Southeast Michigan Opportunity
PEDALS MICHIGAN WAS ESTABLISHED IN NOVEMBER 2017 AS A SUPPORTING ORGANIZATION TO THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM). THE MISSION OF CFSEM IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES. CFSEM'S MISSION IS TO MAKE SOUTHEAST MICHIGAN A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$1.8M
Total Expenses
$983K
Net Assets
$2.6M
Employees
8
Volunteers
2
Grants Paid
$39K
Program Expense Ratio
76.5%
This nonprofit profile presents IRS Form 990 tax filing data for Southeast Michigan Opportunity (EIN: 82-3823750), 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.
Southeast Michigan Opportunity is a 501(c)(3) nonprofit headquartered in DETROIT, MI, founded in 2017. It is classified under NTEE code S11 (Single Organization Support), within the Community Improvement & Capacity Building category. The organization has held tax-exempt status since 2018. In its 2024 filing, the organization reported $1.8M in total revenue, a 2515.6% increase from the prior year, and $983K in total expenses. The organization employed 8 people and engaged 2 volunteers. RICHARD L DEVORE, PRESIDENT, is the highest-compensated individual at $719,647. The organization runs 1 program, totaling $752K in program expenses. 3 of 6 recommended governance policies are in place.
Southeast Michigan Opportunity is classified under NTEE code S11 (Single Organization Support), which falls within the Community Improvement & Capacity Building category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
Southeast Michigan Opportunity operates 1 program, with total program expenses of $752K. Southeast Michigan Opportunity's largest program accounts for 100% of total program spending.
PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING INCLUDING: SECOND STEP - AN EVIDENCE-BASED CURRICULUM, ASQ-SE - A VALIDATED SCREENING TOOL FOR SOCIAL EMOTIONAL DEVELOPMENT, IN-CLASSROOM COACHING BY EARLY CHILDHOOD EXPERTS FOR TEACHERS AND STAFF, AND DATA-BASED SUSTAINABILITY PLANNING FOR ADMINISTRATORS.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Southeast Michigan Opportunity's revenue has remained stable from $0 to $1.8M. Program expenses represent 77% of total spending.
Revenue increased 2515.6% year-over-year, while expenses grew 1.0%. net assets rose to $2.6M, up 43.2% from the prior year. the organization added 1 employees.
Southeast Michigan Opportunity derives 93% from contributions and grants, with 7% from investment income.
Revenue is heavily concentrated: 93% comes from contributions and grants, indicating limited diversification.
Southeast Michigan Opportunity allocates 77% to programs, 23% to management and general.
Revenue grew by 2515.6% while expenses grew by only 1.0%, suggesting improving operational efficiency.
Southeast Michigan Opportunity distributed $39K in grants to other organizations and individuals, representing 4% of total expenses.
Southeast Michigan Opportunity holds $2.7M in total assets against $129K in liabilities (debt-to-asset ratio of 5%). The organization has 31.8 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $1.8M | $1.6M | $0 | $0 | $130K |
| 2023 | $68K | $0 | $0 | $0 | $68K |
| 2022 | $1.8M | $1.8M | $0 | $0 | $0 |
| 2021 | $1.8M | $1.8M | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $983K | $752K | $231K | $0 | $39K |
| 2023 | $973K | $749K | $171K | $0 | $37K |
| 2022 | $866K | $715K | $152K | $0 | $132K |
| 2021 | $9K | $0 | $9K | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 | $0 |
Program Expense Ratio
76.5%
Admin Expense Ratio
23.5%
Fundraising Efficiency
—
Operating Reserve
31.8 mo
People & Compensation(Tax Year 2024)
5 records
Southeast Michigan Opportunity reported compensation for 5 officers and key employees. Total officer compensation was $1.0M, representing 105.3% of total expenses. 1 individual received total compensation exceeding $500,000.
Southeast Michigan Opportunity's highest-compensated individual received $720K in total compensation. Total officer compensation of $1.0M represents 105.3% 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 | OfficerDirector | 0.50 | $0 | $654,744 | $719,647 |
| JENILYN NORMAN | VP, FINANCE AND ADMINISTRA | Officer | 0.50 | $0 | $263,812 | $315,812 |
| DAVID T PROVOST | CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
| MARY H WEISER | SECRETARY/TREASURER | OfficerDirector | 0.50 | $0 | $0 | $0 |
| KATHRYN G BRISSON | VP, PROGRAM | Officer | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JENILYN NORMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
RICHARD L DEVORE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Southeast Michigan Opportunity has 3 of 6 recommended governance policies in place, including conflict of interest, document retention. Its board has 3 members, 2 of whom are independent.
Southeast Michigan Opportunity's financial statements are audited.
Southeast Michigan Opportunity has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
3 records
Southeast Michigan Opportunity awarded $39K across 3 grants to organizations. Top recipients include METROPOLITAN CHILDREN & YOUTH INC (DETROIT, MI) — $18K for support for pedals classroom social emotional learning materials; OAKLAND LIVINGSTON HUMAN SERVICE AGENCY (PONTIAC, MI) — $14K for support for pedals classroom social emotional learning materials; FRASER PUBLIC SCHOOLS (FRASER, MI) — $6K for support for pedals classroom social emotional learning materials.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| METROPOLITAN CHILDREN & YOUTH INC382586568 | DETROIT, MI | $18K | SUPPORT FOR PEDALS CLASSROOM SOCIAL EMOTIONAL LEARNING MATERIALS |
| OAKLAND LIVINGSTON HUMAN SERVICE AGENCY381785665 | PONTIAC, MI | $14K | SUPPORT FOR PEDALS CLASSROOM SOCIAL EMOTIONAL LEARNING MATERIALS |
| FRASER PUBLIC SCHOOLS236004102 | FRASER, MI | $6K | SUPPORT FOR PEDALS CLASSROOM SOCIAL EMOTIONAL LEARNING MATERIALS |
Filing History(Tax Years 2018–2024)
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 | $1.8M | $983K | $2.6M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $68K | $973K | $1.8M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.8M | $866K | $2.7M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $1.8M | $9K | $1.8M |
| 2020 | 990-EZ | 2020-01-01 – 2020-12-31 | $0 | $0 | $0 |
| 2018–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Southeast Michigan Opportunity do?
PEDALS MICHIGAN WAS ESTABLISHED IN NOVEMBER 2017 AS A SUPPORTING ORGANIZATION TO THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM). THE MISSION OF CFSEM IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES. CFSEM'S MISSION IS TO MAKE SOUTHEAST MICHIGAN A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.
How much revenue does Southeast Michigan Opportunity have?
Southeast Michigan Opportunity reported $1,769,400 in total revenue for tax year 2024, up 2515.6% from the prior year.
Who is the highest-paid executive at Southeast Michigan Opportunity?
RICHARD L DEVORE, PRESIDENT, received $719,647 in total compensation as of tax year 2024.
Is Southeast Michigan Opportunity a 501(c)(3)?
Yes, Southeast Michigan Opportunity is classified as a 501(c)(3) tax-exempt organization.
Where is Southeast Michigan Opportunity located?
Southeast Michigan Opportunity is headquartered in DETROIT, MI 48226.
How many employees does Southeast Michigan Opportunity have?
Southeast Michigan Opportunity has 8 employees and 2 volunteers as of tax year 2024.
What type of nonprofit is Southeast Michigan Opportunity?
Southeast Michigan Opportunity is classified under NTEE code S11 (Single Organization Support), within the Community Improvement & Capacity Building category. It is a 501(c)(3) tax-exempt organization.
Is Southeast Michigan Opportunity audited?
Yes, Southeast Michigan Opportunity's financial statements are audited.
Does Southeast Michigan Opportunity give grants?
Yes, Southeast Michigan Opportunity distributed $38,500 in grants to other organizations and individuals in tax year 2024. Top recipients include METROPOLITAN CHILDREN & YOUTH INC, OAKLAND LIVINGSTON HUMAN SERVICE AGENCY, FRASER PUBLIC SCHOOLS.
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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