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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 46-2499615

Detroit Children's Fund

DETROIT, MINTEE: T30Founded 2013Website

mission statement

The detroit children's fund is a nonprofit organization that makes high-potential investments to expand successful schools, greatly improve lower performing schools, and discover and develop talented educators so that every child in detroit has the opportunity to receive an excellent education.

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Total Revenue

$6.3M

FY 2023

Program Spending

74.5%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$7.2M

Total Assets

$7.0M net

23.98 mo

Operating Reserves

FY 2023

+38%

Revenue Growth

YoY

Total Employees

FY 2023

Funding Track Record

Backed by 33 Institutional Funders

$12.2M raised across 90 grants · +$733K committed (2019–2024 filings)

Funder Geography

Funders across 11 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Gs Donor Advised Philanthropy Fund for Wealth Management Inc	NEW YORK, NY	$4,334,300
The Skillman Foundation	DETROIT, MI	$3,031,522
The Ford Foundation	New York, NY	$1,500,000 +$500,000 committed
Edward C and Linda Dresner Levy Foundation	RESTON, VA	$617,500
William Davidson Foundation	BIRMINGHAM, MI	$450,000
The Kresge Foundation	TROY, MI	$350,001 +$233,333 committed
Lear Corporation Charitable Foundation	Southfield, MI	$300,000
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$290,507
The Warburg Pincus Foundation	NEW YORK, NY	$278,807
Rocket Giving Fund	DETROIT, MI	$210,000

Total tracked: $12,223,241 across 90 grants · +$733,333 committed across 2 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$1.9M in expenses

Multiple components that together will work to address students needs for vital resources essential to their ability to learn and thrive. The goal is to improve the learning outcomes at new paradigm glazer academy and new paradigm college prep by addressing the needs of the whole student. (epic)

$273K in expenses

Compact program work with college-going experts and the city's leading charter high schools, will aim to significantly transform graduation rates, college persistence rates and college graduation rates for over 2,000 students each year in detroit. By working together and achieving significantly improved outcomes, these four charters can set a new "bar" for quality for schools across the city and serve as exemplars for schools that want to learn how to improve their outcomes more quickly.

$133K in expenses

Teacher retention goal for the 2023-2024 school year is to retain 90% of effective or highly effective teachers. By providing fall and spring retention bonuses ea aims to retain, motivate and keep those teachers who are effective and committed. The provision of bonuses to school staff can have a positive impact on talent retention rates, such as increasing staff satisfaction and morale, stronger school climate and culture, enhanced professionalism, and improved student outcomes.

$75K in expenses

Mapsa alternative certification-professional innovators in teaching (a program created by mapsa) is a state-approved michigan alternative teacher certification program. It is designed to address the current teacher shortages. Through the program, candidates are provided scholarships, support, and coaching to successfully pass their MTTC and obtain teacher certification.

$228K in expenses

Other program services

Financial History