Jonathan And Mary Kay Borisch Family Foundation
- Assets
- $8.4m
- Revenue
- -$15.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3008834
Organization Overview
Jonathan And Mary Kay Borisch Family Foundation is located in Grand Rapids, MI. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jonathan And Mary Kay Borisch 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.
Since 2014, Jonathan And Mary Kay Borisch Family Foundation has awarded 43 individual grants totaling $10,128,385. 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 |
|---|---|---|---|
Jonathan L Borisch President | 1 | $0 | |
Mary K Borisch Vice President | 1 | $0 | |
Thomas L Borisch Secretary | 1 | $0 | |
Matthew A Borisch Treasurer | 1 | $0 | |
David E Borisch Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'keefe | 12/30/22 | $71,069 |
Bodman Plc | 12/30/22 | $313,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$57,418 |
| Capital Gain Net Income | $60,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$15,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $215,929 |
| Contributions, gifts, grants paid | $730,000 |
| Total expenses and disbursements | $945,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,136 |
| Savings and temporary cash investments | $757,983 |
| Net Accounts receivable | $176,832 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,399,442 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,080,943 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,417,336 |
| 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, Jonathan And Mary Kay Borisch Family Foundation has awarded $730,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE INTERNATIONAL PURPOSE: CHRISTIAN OUTREACH | $200,000 |
DUTTON CHRISTIAN SCHOOLS PURPOSE: GENERAL PURPOSE | $100,000 |
CAMP QUALITY MICHIGAN PURPOSE: GENERAL PURPOSE | $30,000 |
SET FREE MINISTRIES PURPOSE: GENERAL PURPOSE | $400,000 |