Amerisure Charitable Foundation Inc
- Assets
- $4.1m
- Revenue
- $905.0k
- Investments
- $3.8m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 30-0289445
Organization Overview
Amerisure Charitable Foundation Inc is located in Farmington Hills, MI. The organization was established in 2005. 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. Amerisure Charitable 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, Amerisure Charitable Foundation Inc generated $905.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $564.0k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 4 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 2020, Amerisure Charitable Foundation Inc has awarded 166 individual grants totaling $1,876,900. 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 |
|---|---|---|---|
Daniel J Graf Dir. VP CFO & Treasurer | 0.5 | $0 | |
Chris Spaude Dir./vp | 1.5 | $0 | |
Todd B Ruthruff Dir. VP | 0.5 | $0 | |
Greg J Crabb Dir. VP | 0.5 | $0 | |
Erin Buddie Dir. President & CEO | 1 | $0 | |
Shannon Anderson Dir. VP & Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $782,205 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,733 |
| Capital Gain Net Income | $57,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $905,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $548 |
| Total operating and administrative expenses | $15,126 |
| Contributions, gifts, grants paid | $548,900 |
| Total expenses and disbursements | $564,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,247 |
| 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 | $1,649 |
| Total assets | $4,143,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $63,000 |
| 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 | $63,000 |
Grants Awarded
Over the last fiscal year, Amerisure Charitable Foundation Inc has awarded $548,900 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTOPHER & DANA REEVE FOUNDATION CO KATIE SPIEGEL DIRECTOR PURPOSE: GENERAL SUPPORT | $75,000 |
SPECIAL OLYMPICS OF MICHIGAN PURPOSE: GENERAL SUPPORT | $61,000 |
Farmington Hills, MI PURPOSE: GENERAL SUPPORT | $60,000 |
JUNIOR ACHIEVEMENT OF SE MICHIGAN PURPOSE: GENERAL SUPPORT | $50,000 |
INSURANCE INDUSTRY CHARITABLE FOUNDATION PURPOSE: GENERAL SUPPORT | $39,000 |
VISTA MARIA - CO D KOCHIS CHIEF DEVELOPMENT OFFICER PURPOSE: GENERAL SUPPORT | $31,000 |
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 |