Fred A And Barbara M Erb Family Foundation is located in Birmingham, MI. The organization was established in 2007. 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. Fred A And Barbara M Erb Family 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 06/2022, Fred A And Barbara M Erb Family Foundation generated $16.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $22.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred A And Barbara M Erb Family Foundation has awarded 549 individual grants totaling $57,566,364. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Neil Hawkins President / COO / Trustee | 40 | $371,937 | |
John M Erb Chair / CEO / Trustee | 40 | $226,000 | |
Melissa Damaschke Vice President | 40 | $166,500 | |
Deborah D Erb Trustee | 0.2 | $0 | |
Leslie Erb Liedtke Trustee | 0.2 | $0 | |
Chacona W Baugh Trustee | 0.2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Goldman Sachs | 6/29/22 | $307,452 |
Financial One Accounting | 6/29/22 | $74,993 |
Rgf Consulting Llc | 6/29/22 | $73,820 |
Gei Consultants Inc | 6/29/22 | $61,473 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $5,432 |
Dividends & Interest | $6,639,723 |
Net Rental Income | $28,800 |
Net Gain on Sale of Assets | $9,435,723 |
Capital Gain Net Income | $9,997,018 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $39,191 |
Total Revenue | $16,148,869 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $764,925 |
Other employee salaries and wages | $510,570 |
Pension plans, employee benefits | $321,433 |
Interest | $0 |
Taxes | $7,306 |
Depreciation | $66,769 |
Occupancy | $161,277 |
Travel, conferences, and meetings | $42,122 |
Printing and publications | $59,924 |
Other expenses | $465,524 |
Total operating and administrative expenses | $3,981,726 |
Contributions, gifts, grants paid | $18,920,270 |
Total expenses and disbursements | $22,901,996 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,216,816 |
Savings and temporary cash investments | $0 |
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 | $500,000 |
Investments—mortgage loans | $0 |
Investments—other | $115,049,058 |
Net Land, buildings, and equipment | $0 |
Other assets | $315,892 |
Total assets | $329,525,987 |
Accounts payable and accrued expenses | $0 |
Grants payable | $8,800,125 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $1,307,938 |
Total liabilities | $10,108,063 |
Over the last fiscal year, Fred A And Barbara M Erb Family Foundation has awarded $22,783,222 in support to 169 organizations.
Grant Recipient | Amount |
---|---|
826 MICHIGAN PURPOSE: PROGRAM SUPPORT | $15,000 |
ACLU FOUNDATION PURPOSE: MATCHING | $200 |
ALL THE WORLDS A STAGE PURPOSE: PROGRAM SUPPORT | $10,000 |
ALLIED MEDIA PROJECTS PURPOSE: PROGRAM SUPPORT | $25,000 |
ALLIANCE FOR THE GREAT LAKES PURPOSE: PROGRAM SUPPORT | $128,000 |
AMERICAN FORESTS PURPOSE: PROGRAM SUPPORT | $225,000 |