Frank & Irene Myers Foundation
- Assets
- $755.3k
- Revenue
- $36.1k
- Investments
- $743.3k
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 30-0281873
Organization Overview
Frank & Irene Myers Foundation is located in Jackson, MI. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Frank & Irene Myers 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 12/2023, Frank & Irene Myers Foundation generated $36.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $346.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank & Irene Myers Foundation has awarded 47 individual grants totaling $2,256,658. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDRED DEVELOPMENT SCHOLARSHIPS
ELEMENTARY SCHOLARSHIPS
ST MARY STAR OF THE SEA CHURCH
IMAGINE PLANET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Myers Treasurer | 0 | $0 | |
Martha Myers Secretary | 0 | $0 | |
Loise Dunn President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,518 |
| Dividends & Interest | $11,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,295 |
| Capital Gain Net Income | $2,295 |
| Net ST Capital Gain | $2,295 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,269 |
| Total Revenue | $36,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $591 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $1,061 |
| Contributions, gifts, grants paid | $345,000 |
| Total expenses and disbursements | $346,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,976 |
| 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 | $755,296 |
| 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, Frank & Irene Myers Foundation has awarded $345,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY CHILD DEVELOPMENT CENTER PURPOSE: SCHOLARSHIPS | $13,000 |
IMAGE PLANET LEARNING CENTER PURPOSE: OPERATIONS | $5,000 |
ST MARYS ELEMENTARY PURPOSE: SCHOOL SCHOLARSHIPS | $60,000 |
ST MARY STAR OF THE SEA CHURCH PURPOSE: OPERATIONS | $267,000 |