Wally And Jo Strobel Foundation
- Assets
- $393.4k
- Revenue
- $8.6k
- Investments
- $364.4k
- Employees
- 0
- Location
- Saline, MI
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-1570905
Organization Overview
Wally And Jo Strobel Foundation is located in Saline, MI. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wally And Jo Strobel Foundation 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 12/2022, Wally And Jo Strobel Foundation generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $17.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wally And Jo Strobel Foundation has awarded 95 individual grants totaling $133,957. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Laflamme Secretary/tr | 0 | $0 | |
Susan Waters President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $12,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,159 |
| Capital Gain Net Income | $2,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $124 |
| Total Revenue | $8,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,606 |
| Contributions, gifts, grants paid | $13,547 |
| Total expenses and disbursements | $17,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,007 |
| 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 | $364,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $393,406 |
| 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, Wally And Jo Strobel Foundation has awarded $13,547 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOULDER SHELTER FOR THE HOMELESS PURPOSE: ASSISTANCE TO THE POOR | $3,500 |
THE OCEAN CLEANUP NORTH PACIFIC FD PURPOSE: ENVIRONMENTAL | $1,000 |
WORLD CENTRAL KITCHEN PURPOSE: PROVIDE FOOD DURING NATURAL DISASTER | $3,500 |
THE PBS FOUNDATION PURPOSE: EDUCATION | $3,500 |
DONORS CHOOSE PURPOSE: EDUCATION | $2,047 |