Richard J Garber Foundation
- Assets
- $3.0m
- Revenue
- $88.9k
- Investments
- $3.0m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-1380405
Organization Overview
Richard J Garber Foundation is located in Saginaw, MI. The organization was established in 2008. 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. Richard J Garber 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, Richard J Garber Foundation generated $88.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $16.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard J Garber Foundation has awarded 48 individual grants totaling $3,125,000. 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.
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 |
|---|---|---|---|
Richard J Garber Jr Trustee | 0 | $0 | |
Anne M Garber Trustee | 0 | $0 | |
Laura C Kleeman Trustee | 0 | $0 | |
Richard J Garber III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,114 |
| Capital Gain Net Income | $34,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,919 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,631,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,047,663 |
| 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, Richard J Garber Foundation has awarded $805,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HEALTHCARE FOUNDATION PURPOSE: CHARITABLE | $50,000 |
HOYT TRUST PURPOSE: CHARITABLE | $7,500 |
MUSTARD SEED SHELTER PURPOSE: CHARITABLE | $7,500 |
NORTHWOOD UNIVERSITY PURPOSE: CHARITABLE | $125,000 |
SAGINAW-SHIAWASSEE HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $15,000 |
SVSU FOUNDATION PURPOSE: CHARITABLE | $100,000 |