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ObjectId: 201710949349300536 - Submission: 2017-04-04
TIN: 38-2352462
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Information about Schedule J (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
DETROIT REGIONAL CHAMBER FOUNDATION
INC
Employer identification number
38-2352462
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
................
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
No
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
...........................
5a
No
b
Any related organization?
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
No
b
Any related organization?
.........................
6b
Yes
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
.............................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015
Page 2
Schedule J (Form 990) 2015
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column(B) reported as deferred on prior Form 990
(i)
Base compensation
(ii)
Bonus & incentive compensation
(iii)
Other reportable compensation
1
KAREN BELANS
TREASURER
(i)
(ii)
80,903
-------------
150,248
24,183
-------------
44,910
2,767
-------------
5,139
6,492
-------------
12,058
1,279
-------------
2,374
115,624
-------------
214,729
0
-------------
0
2
BRADLEY WILLIAMS
SECRETARY AND EXECUTIVE DIRECTOR
(i)
(ii)
0
-------------
143,183
0
-------------
24,914
0
-------------
3,655
0
-------------
11,258
0
-------------
3,732
0
-------------
186,742
0
-------------
0
3
SANDY K BARUAH
PRESIDENT
(i)
(ii)
149,236
-------------
223,854
113,925
-------------
170,887
4,154
-------------
6,231
7,420
-------------
11,130
1,311
-------------
1,968
276,046
-------------
414,070
0
-------------
0
4
TAMMY JEAN CARNRIKE
CHIEF OPERATING OFFICER
(i)
(ii)
96,852
-------------
196,638
34,817
-------------
70,690
3,176
-------------
6,449
6,122
-------------
12,429
470
-------------
955
141,437
-------------
287,161
0
-------------
0
5
MICHELLE HANSEL
V-P, HUMAN RESOURCES
(i)
(ii)
44,971
-------------
91,304
5,434
-------------
11,032
1,865
-------------
3,786
3,056
-------------
6,204
1,231
-------------
2,500
56,557
-------------
114,826
0
-------------
0
6
MAUREEN KRAUSS
VICE-PRES., BUSINESS ATTRACTION
(i)
(ii)
183,541
-------------
0
21,044
-------------
0
7,130
-------------
0
14,762
-------------
0
3,732
-------------
0
230,209
-------------
0
0
-------------
0
7
ROY LAMPHIER
VICE-PRES., BUSINESS SOLUTIONS
(i)
(ii)
0
-------------
188,320
0
-------------
25,955
0
-------------
8,040
0
-------------
15,528
0
-------------
3,732
0
-------------
241,575
0
-------------
0
8
MEGAN SPANITZ
VICE-PRES., RESOURCE DEV./MARKETING
(i)
(ii)
65,114
-------------
132,201
10,379
-------------
21,072
2,611
-------------
5,302
5,148
-------------
10,451
470
-------------
955
83,722
-------------
169,981
0
-------------
0
9
GLENN STEVENS
V-P, AUTOMOTIVE/MOBILITY INITIATIVES
(i)
(ii)
193,936
-------------
0
31,319
-------------
0
7,185
-------------
0
16,028
-------------
0
3,732
-------------
0
252,200
-------------
0
0
-------------
0
10
GREGORY HANDEL
VICE-PRESIDENT, EDUCATION
(i)
(ii)
122,234
-------------
0
14,663
-------------
0
5,906
-------------
0
9,961
-------------
0
3,614
-------------
0
156,378
-------------
0
0
-------------
0
11
WENDY NODGE
SENIOR DIRECTOR, SIGNATURE EVENTS
(i)
(ii)
0
-------------
127,895
0
-------------
10,385
0
-------------
346
0
-------------
9,680
0
-------------
3,732
0
-------------
152,038
0
-------------
0
Schedule J (Form 990) 2015
Page 3
Schedule J (Form 990) 2015
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 6
THE FOUNDATION ACCRUES BONUS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER ("CEO") AND OTHER EXECUTIVE MANAGEMENT STAFF BASED ON PREDETERMINED PERCENTAGES THAT HAVE BEEN OUTLINED IN THEIR EMPLOYMENT CONTRACTS AND APPROVED BY THE COMPENSATION COMMITTEE. THE FINAL BONUS ELIGIBILITY AND AMOUNT IS BASED ON PERFORMANCE EVALUATIONS AND PERCENTAGES OF GOAL ACHIEVEMENT APPROVED BY THE CEO AND THE COMPENSATION COMMITTEE. PAYOUT OF ANY PERFORMANCE BONUS IS SUBJECT TO OVERALL ORGANIZATIONAL FINANCIAL PERFORMANCE TO ENSURE SUFFICIENT FUNDS AND IS NOT PAID UNTIL THE FINANCIAL RESULTS OF THE FOUNDATION'S SUPPORTED ORGANIZATION, THE DETROIT REGIONAL CHAMBER (THE "CHAMBER"), ARE DETERMINED AT THE END OF THE FISCAL YEAR. THE BONUSES ARE PAID OUT WITHIN 75 DAYS OF THE END OF THE FISCAL YEAR. FOR THE YEAR ENDED JUNE 30, 2016, THE CEO BONUS WAS APPROVED BY THE COMPENSATION COMMITTEE CHAIR TO BE PAID OUT IN JULY 2016. IF THE BOARD-APPROVED BUDGETED NET PERFORMANCE RESULTS OF THE CHAMBER WERE NOT MET, THE BONUS AMOUNTS WOULD BE REDUCED OR ELIMINATED SO AS NOT TO CREATE NEGATIVE NET EARNINGS AS COMPARED TO THE BUDGET FOR THE FOUNDATION. BONUS POOLS FOR THE CEO, EXECUTIVE MANAGEMENT TEAM, AND OTHER EMPLOYEES ARE APPROVED BY THE COMPENSATION COMMITTEE.
Schedule J (Form 990) 2015
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