Michigan First Foundation Inc
- Assets
- $10.3k
- Revenue
- $170.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lathrup Village, MI
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-2487933
Organization Overview
Michigan First Foundation Inc is located in Lathrup Village, MI. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Michigan First Foundation Inc 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 12/2021, Michigan First Foundation Inc generated $170.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $171.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michigan First Foundation Inc has awarded 172 individual grants totaling $284,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED 58 COMMUNITY AGENCIES AND ORGANIZATIONS
PROVIDED 23 STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Poulos Director | 1 | $0 | |
Linda Height Director | 1 | $0 | |
Ines DE Jesus Director | 1 | $0 | |
Sue Postemski Director | 1 | $0 | |
Jennifer Borowy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,576 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,640 |
| Total operating and administrative expenses | $24,640 |
| Contributions, gifts, grants paid | $146,750 |
| Total expenses and disbursements | $171,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,313 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,313 |
| 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, Michigan First Foundation Inc has awarded $146,750 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN STATE UNIV & LUKE RONALD SERRA BOLDMAN PURPOSE: EDUCATIONAL SCHOLARSHIPS | $6,000 |
GLEANERS PURPOSE: COMMUNITY SUPPORT | $5,000 |
Detroit, MI PURPOSE: COMMUNITY SUPPORT | $5,000 |
Oak Park, MI PURPOSE: COMMUNITY SUPPORT | $5,000 |
MICHIGAN STATE UNIVERSITY & SUMMER LEE PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |
LAWRENCE TECH UNIV & KATLYNN SINGLETON PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |