The Windermere Island Foundation Inc
- Assets
- $515.8k
- Revenue
- $110.5k
- Investments
- $470.2k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 30-0032200
Organization Overview
The Windermere Island Foundation Inc is located in Troy, MI. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Windermere Island 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 12/2022, Windermere Island Foundation Inc generated $110.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $83.2k during the year ending 12/2022. While expenses have increased by 8.5% 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, Windermere Island Foundation Inc has awarded 32 individual grants totaling $577,201. 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 |
|---|---|---|---|
Michael Foster Director | 0 | $0 | |
Gretchen Jackson Director | 0 | $0 | |
Luci Baines Johnson Director | 0 | $0 | |
Peter T Kross President/treasurer | 0 | $0 | |
Antoinette Laboiteaux Director | 0 | $0 | |
Kathryn M Haider Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,548 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,860 |
| Capital Gain Net Income | $3,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,491 |
| Total operating and administrative expenses | $23,221 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $83,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,272 |
| 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 | $470,177 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,325 |
| Total assets | $515,774 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, The Windermere Island Foundation Inc has awarded $161,025 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BAHAMAS NATIONAL LIBRARY SERVICE PURPOSE: FBO PALMETTO POINTE COMPUTER LAB & LIBRARY. FUNDS FOR PURCHASE OF NEW PC AND MAINTENANCE OF FACILITIES | $15,025 |
BAHAMAS NATIONAL TRUST PURPOSE: WORKS WITH OTHER FOUNDATIONS TO PROTECT AND MANAGE VARIOUS NATIONAL PARKS OF THE BAHAMAS | $5,000 |
CAPE ELEUTHERA FOUNDATION PURPOSE: FBO ELEUTHERA COMMUNITY HEALTH INITIATIVE & SAILING PROGRAM | $21,000 |
KIWANIS CLUB OF SOUTH ELEUTHERA PURPOSE: FUNDS FOR FOOD INSECURITIES TO MAINTAIN FOOD PANTRY. ALSO USED VOUCHER SYSTEM WITH LOCAL MERCHANTS. | $40,000 |
MEN OF FAITH INC PURPOSE: FUNDS FOR EMERGENCY SERVICES AND MAINTENANCE OF FIRE TRUCK | $20,000 |
ROTARY CLUB PURPOSE: FUNDS TO ADDRESS FOOD INSECURITIES WITH VOUCHERS USED AS LOCAL MERCHANTS | $40,000 |