Amber Family Foundation Inc
- Assets
- $198.7k
- Revenue
- $16.8k
- Investments
- $189.7k
- Employees
- 0
- Location
- Clawson, MI
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-0809177
Organization Overview
Amber Family Foundation Inc is located in Clawson, MI. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amber Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Amber Family Foundation Inc generated $16.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SUPPORT FOR VARIOUS RELIGIOUS, CHARITABLE AND EDUCATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen L Amber Trustee | 0.25 | $0 | |
Jerome S Amber President | 0.25 | $0 | |
Jennifer Soble Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,000 |
| Interest on Savings | $9 |
| Dividends & Interest | $5,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,120 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,411 |
| Total operating and administrative expenses | $2,911 |
| Contributions, gifts, grants paid | $12,225 |
| Total expenses and disbursements | $15,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,990 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $198,738 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Amber Family Foundation Inc has awarded $12,225 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOC PURPOSE: CHARITABLE USE | $1,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE USE | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE USE | $500 |
CATO INSTITUTE PURPOSE: CHARITABLE USE | $250 |
HILLSDALE COLLEGE PURPOSE: CHARITABLE USE | $500 |
JEWISH FEDERATION OF METRO DETROIT PURPOSE: CHARITABLE USE | $2,000 |