Timothy And Eleanor K Broe Familyfoundation
- Assets
- $788.5k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Northville, MI
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-3690237
Organization Overview
Timothy And Eleanor K Broe Familyfoundation is located in Northville, MI. The organization was established in 2007. 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. Timothy And Eleanor K Broe Familyfoundation 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, Timothy And Eleanor K Broe Familyfoundation generated $50.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $34.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Timothy And Eleanor K Broe Familyfoundation has awarded 56 individual grants totaling $111,980. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SUPPORT FOR VARIOUS RELIGIOUS AND EDUCATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Broe President | 1 | $0 | |
Eleanor Broe Vice-Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $116 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,116 |
| 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 | $0 |
| Total operating and administrative expenses | $525 |
| Contributions, gifts, grants paid | $33,440 |
| Total expenses and disbursements | $33,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $788,458 |
| 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 | $788,458 |
| 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, Timothy And Eleanor K Broe Familyfoundation has awarded $33,440 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CARE NET PREGNANCY CENTER PURPOSE: CHARITABLE USE | $5,000 |
CHRIST THE KING CATHOLIC SCHOOL PURPOSE: CHARITABLE USE | $4,000 |
GOSPEL FELLOWSHIP ASSOCIATION PURPOSE: CHARITABLE USE | $2,000 |
LIBERIAN YOUTH ORCHESTRA PURPOSE: CHARITABLE USE | $2,000 |
LIVING HOPE INTERNATIONAL PURPOSE: CHARITABLE USE | $2,000 |
OMF INTERNATIONAL PURPOSE: CHARITABLE USE | $4,500 |