Michael Talty & Helen Talty Charitable Tr
- Assets
- $4.5m
- Revenue
- $496.4k
- Investments
- $4.1m
- Employees
- 0
- Location
- Livonia, MI
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 22-6946772
Organization Overview
Michael Talty & Helen Talty Charitable Tr is located in Livonia, MI. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2021, Michael Talty & Helen Talty Charitable Tr generated $496.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $311.5k during the year ending 12/2021. While expenses have increased by 4.0% 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, Michael Talty & Helen Talty Charitable Tr has awarded 153 individual grants totaling $1,036,000. 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 |
|---|---|---|---|
Patrick E Talty Trustee | 1.5 | $5,000 | |
Joseph E Talty Trustee | 1.5 | $5,000 | |
Kevin J Santa Trustee | 1.5 | $5,000 | |
Thomas Talty Jr Trustee | 1.5 | $5,000 | |
Monte Unetic Trustee | 1.5 | $5,000 | |
Nari Talty-Schenkelberg Trustee | 1.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $139 |
| Dividends & Interest | $106,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,503 |
| Capital Gain Net Income | $384,503 |
| Net ST Capital Gain | $2,077 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $496,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $728 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,503 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $311,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $345,672 |
| 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 | $4,477,379 |
| 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, Michael Talty & Helen Talty Charitable Tr has awarded $250,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
SAINTS ROBERT & WILLIAM PARISH PURPOSE: PAYMENT FOR RAMP AND BIBLE SCHOOL | $30,000 |
Cleveland, OH PURPOSE: FUND TUITION ASSISTANCE PROGRAM | $30,000 |
Cleveland, OH PURPOSE: AFTER-SCHOOL PROGRAMMING | $25,000 |
Cleveland, OH PURPOSE: ZOO EDUCATION & WORKFORCE DEVELOPMEN | $15,000 |
OHIO GUIDESTONE PURPOSE: HELP CHILDREN WITH CRITICAL SERVICES | $15,000 |
Cleveland, OH PURPOSE: SERVICE POOR AND DYING ADULTS | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |