Broad Family Foundation Inc
- Assets
- $11.5m
- Revenue
- $658.7k
- Investments
- $11.4m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 30-0841409
Organization Overview
Broad Family Foundation Inc is located in Traverse City, MI. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Broad Family 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, Broad Family Foundation Inc generated $658.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $671.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Broad Family Foundation Inc has awarded 104 individual grants totaling $1,538,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy L Broad President | 1 | $0 | |
Todd E Broad Vice President | 1 | $0 | |
Tonya A Wildfong Secretary | 1 | $0 | |
T Eric Ritchie Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $220,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $438,578 |
| Capital Gain Net Income | $438,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $658,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,355 |
| Total operating and administrative expenses | $51,802 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $671,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,207 |
| 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 | $4,135,878 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,515,239 |
| 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, Broad Family Foundation Inc has awarded $620,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD NEWS MEDIA - WLJN PURPOSE: CHARITABLE | $100,000 |
BRICKWAYS FOUNDATION PURPOSE: CHARITABLE | $70,000 |
SINGLE MOMM PURPOSE: CHARITABLE | $55,000 |
TRAVERSE BAY ADVOCACY CENTER PURPOSE: CHARITABLE | $35,000 |
WOMEN'S RESOURCE CENTER PURPOSE: CHARITABLE | $35,000 |
CHILD AND FAMILY SERVICES PURPOSE: CHARITABLE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |