Sutar Sutaruk Meyer Foundation
- Assets
- $4.7m
- Revenue
- $102.7k
- Investments
- $4.6m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-2377296
Organization Overview
Sutar Sutaruk Meyer Foundation is located in Bloomfield Hills, 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. Sutar Sutaruk Meyer 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, Sutar Sutaruk Meyer Foundation generated $102.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $373.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sutar Sutaruk Meyer Foundation has awarded 96 individual grants totaling $730,159. 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 |
|---|---|---|---|
Olga Sutaruk Meyer Director | 5 | $7,500 | |
Kathy Meyer Director | 5 | $7,500 | |
Jonathon Meyer Director | 5 | $7,500 | |
Stuart Lee Sherman Director | 20 | $7,500 | |
Greg Hren Director | 5 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $275 |
| Dividends & Interest | $96,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,542 |
| Capital Gain Net Income | $5,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,386 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,008 |
| Contributions, gifts, grants paid | $296,159 |
| Total expenses and disbursements | $373,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,697 |
| 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 | $4,604,336 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,731,033 |
| 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, Sutar Sutaruk Meyer Foundation has awarded $296,159 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
HAZEL PARK PROMISE ZONE PURPOSE: EDUCATIONAL PURPOSES | $75,000 |
FARMINGTON FAMILY YMCA PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
PINE STREET INN PURPOSE: VETERAN ASSISTANCE | $5,000 |
LIVONIA SYMPHONY ORCHESTRA PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
ROSIES PLACE PURPOSE: VETERAN ASSISTANCE | $5,000 |
HOUSE OF PROVIDENCE PURPOSE: CHARITABLE PURPOSES | $5,000 |