Southeast Michigan Opportunity Trust
ESTABLISHED TO FACILITATE GIFTS TO SUPPORT CHARITABLE ACTIVITIES THAT BENEFIT SOUTHEAST MICHIGAN.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$0
Total Expenses
$0
Net Assets
$0
Employees
0
Volunteers
2
This nonprofit profile presents IRS Form 990 tax filing data for Southeast Michigan Opportunity Trust (EIN: 81-7022080), 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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Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Southeast Michigan Opportunity Trust is a 501(c)(3) nonprofit headquartered in DETROIT, MI, founded in 2016. It is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2017. In its 2024 filing, the organization reported $0 in total revenue, and $0 in total expenses. The organization engaged 2 volunteers. RICHARD L DEVORE, CO-TRUSTEE, is the highest-compensated individual at $719,647. 2 of 6 recommended governance policies are in place.
Southeast Michigan Opportunity Trust is classified under NTEE code T11 (Single Organization Support), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
Southeast Michigan Opportunity Trust operates 1 program.
THE ORGANIZATION IS USED FOR FACILITATING SIGNIFICANT GIFTS WHERE GIFTS TO A CHARITABLE TRUST ARE BENEFICIAL.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Southeast Michigan Opportunity Trust's revenue has declined from $3K to $0, a 100.0% decrease.
Over 5 filings from 2020–2024, Southeast Michigan Opportunity Trust declined revenue from $3K to $0 (-100.0%).
Southeast Michigan Opportunity Trust holds $0 in total assets against $0 in liabilities.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 | $0 |
| 2021 | $444 | $0 | $0 | $0 | $0 |
| 2020 | $3K | $0 | $0 | $0 | $2K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 | $0 |
| 2021 | $25K | $25K | $0 | $0 | $25K |
| 2020 | $22 | $0 | $22 | $0 | $0 |
People & Compensation(Tax Year 2024)
3 records
Southeast Michigan Opportunity Trust reported compensation for 3 officers and key employees. Total officer compensation was $720K. 1 individual received total compensation exceeding $500,000.
Southeast Michigan Opportunity Trust's highest-compensated individual received $720K in total compensation. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| RICHARD L DEVORE | CO-TRUSTEE | OfficerDirector | 0.50 | $0 | $654,744 | $719,647 |
| DAVID T PROVOST | CO-TRUSTEE | OfficerDirector | 0.50 | $0 | $0 | $0 |
| MARY H WEISER | CO-TRUSTEE | 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
—
Governance & Compliance(Tax Year 2024)
Southeast Michigan Opportunity Trust has 2 of 6 recommended governance policies in place, including conflict of interest. Its board has 3 members, 2 of whom are independent.
Southeast Michigan Opportunity Trust's financial statements are audited.
Policies & Oversight
Audit & Financial Oversight
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 | $0 | $0 | $0 |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $0 | $0 | $0 |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $0 | $0 | $0 |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $444 | $25K | $0 |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $3K | $22 | $25K |
| 2017–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Southeast Michigan Opportunity Trust do?
ESTABLISHED TO FACILITATE GIFTS TO SUPPORT CHARITABLE ACTIVITIES THAT BENEFIT SOUTHEAST MICHIGAN.
How much revenue does Southeast Michigan Opportunity Trust have?
Southeast Michigan Opportunity Trust reported $0 in total revenue for tax year 2024.
Who is the highest-paid executive at Southeast Michigan Opportunity Trust?
RICHARD L DEVORE, CO-TRUSTEE, received $719,647 in total compensation as of tax year 2024.
Is Southeast Michigan Opportunity Trust a 501(c)(3)?
Yes, Southeast Michigan Opportunity Trust is classified as a 501(c)(3) tax-exempt organization.
Where is Southeast Michigan Opportunity Trust located?
Southeast Michigan Opportunity Trust is headquartered in DETROIT, MI 48226.
What type of nonprofit is Southeast Michigan Opportunity Trust?
Southeast Michigan Opportunity Trust is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Southeast Michigan Opportunity Trust audited?
Yes, Southeast Michigan Opportunity Trust's financial statements are audited.
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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