Vera And Joseph Dresner Foundationinc
- Assets
- $148.4m
- Revenue
- $5.8m
- Investments
- $143.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 20-5838578
Organization Overview
Vera And Joseph Dresner Foundationinc is located in Detroit, MI. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Vera And Joseph Dresner Foundationinc 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, Vera And Joseph Dresner Foundationinc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $8.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vera And Joseph Dresner Foundationinc has awarded 365 individual grants totaling $24,979,018. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Dresner Director/pre | 40 | $389,272 | |
Kevin Furlong Director/cfo | 40 | $308,750 | |
Gary Weisman Director/vp | 15 | $206,000 | |
Mark S Cohn Director/sec | 15 | $124,800 | |
Virginia Romano CEO | 40 | $270,000 | |
David Williams Principal Re | 40 | $216,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cruden Bay Investment Mgmt Llc | 12/30/23 | $305,085 |
Taktix Solutions Llc | 12/30/23 | $111,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99,246 |
| Dividends & Interest | $2,527,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $736,316 |
| Capital Gain Net Income | $736,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,460,214 |
| Total Revenue | $5,823,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,298,822 |
| Other employee salaries and wages | $447,650 |
| Pension plans, employee benefits | $490,775 |
| Interest | $0 |
| Taxes | $133,936 |
| Depreciation | $6,757 |
| Occupancy | $57,544 |
| Travel, conferences, and meetings | $17,768 |
| Printing and publications | $0 |
| Other expenses | $204,978 |
| Total operating and administrative expenses | $4,979,627 |
| Contributions, gifts, grants paid | $3,516,014 |
| Total expenses and disbursements | $8,495,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,158 |
| Savings and temporary cash investments | $1,423,199 |
| 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 | $317 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $804,397 |
| Investments—other | $48,299,752 |
| Net Land, buildings, and equipment | $35,475 |
| Other assets | $3,432,668 |
| Total assets | $148,378,898 |
| Accounts payable and accrued expenses | $469 |
| 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 | $469 |
Grants Awarded
Over the last fiscal year, Vera And Joseph Dresner Foundationinc has awarded $4,493,331 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON RANCH ARTS CENTER PURPOSE: PROGRAMMATIC SUPPORT | $54,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: RESEARCH GRANT | $125,000 |
ASPEN COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,000 |
ATLANTIC IMPACT PURPOSE: PROGRAM SUPPORT | $77,500 |
BLOOMFIELD HILLS SCHOOLS FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
BRAIN INJURY ASSOCIATION OF MICHIGA PURPOSE: GENERAL SUPPORT | $10,000 |