The@thelen Family Foundation
- Assets
- $635.5k
- Revenue
- $39.4k
- Investments
- $630.2k
- Employees
- 0
- Location
- Bay City, MI
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-5997526
Organization Overview
The@thelen Family Foundation is located in Bay City, MI. The organization was established in 2007. 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. The@thelen 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 12/2022, The@thelen Family Foundation generated $39.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $33.8k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, The@thelen Family Foundation has awarded 76 individual grants totaling $207,876. 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
THE FOUNDATION CONTRIBUTED TO 12 DIFFERENT CHARITABLE ORGANIZATIONS TO PROVIDE FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph T Thelen Trustee | 0.5 | $0 | |
Michael S Thelen Trustee | 0.5 | $0 | |
Patrick D Thelen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,290 |
| Capital Gain Net Income | $3,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $400 |
| Total Revenue | $39,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $337 |
| Total operating and administrative expenses | $3,755 |
| Contributions, gifts, grants paid | $30,061 |
| Total expenses and disbursements | $33,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,864 |
| Net Accounts receivable | $3,446 |
| 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 | $92,614 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $635,495 |
| 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, The@thelen Family Foundation has awarded $30,061 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BANGOR CENTRAL ELEMENTARY SCHOOL PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $400 |
BAY AREA CATHOLIC SCHOOLS PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $1,000 |
BAY AREA WOMEN'S CENTER PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $2,000 |
BAY CITY MOOSE LODGE PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $500 |
BAY COUNTY TOYS FOR TOTS PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $1,000 |
BAY COUNTY HABITAT FOR HUMANITY PURPOSE: TO ENHANCE CHARITABLE ACTIVITIES | $1,000 |