Delong-Sweet Family Foundation
- Assets
- $7.8m
- Revenue
- $369.8k
- Investments
- $7.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1998
- Data as of
- 05/2023
- EIN
- 31-1605979
Organization Overview
Delong-Sweet Family Foundation is located in Detroit, MI. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delong-Sweet 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.
For the year ending 05/2023, Delong-Sweet Family Foundation generated $369.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $626.9k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Delong-Sweet Family Foundation has awarded 96 individual grants totaling $2,014,600. 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 |
|---|---|---|---|
Paul Ingalls Trustee | 2 | $24,300 | |
J Wycliffe Delong Trustee | 2 | $4,000 | |
James Wycliffe Delong Trustee | 2 | $4,000 | |
Peggy Ingalls Suckow Trustee | 2 | $24,000 | |
Adam Ingalls Trustee | 1 | $12,000 | |
June Ingalls Trustee | 1 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $378 |
| Dividends & Interest | $207,551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,824 |
| Capital Gain Net Income | $146,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,000 |
| Total Revenue | $369,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,248 |
| Printing and publications | $0 |
| Other expenses | $342 |
| Total operating and administrative expenses | $194,942 |
| Contributions, gifts, grants paid | $432,000 |
| Total expenses and disbursements | $626,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $203,125 |
| 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 | $629,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,838,472 |
| 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, Delong-Sweet Family Foundation has awarded $432,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
EXPRESSIONS OF HOPE INC PURPOSE: SUPPORT FOR DAILY | $22,000 |
AMERICAN FDN FOR SUICIDE PREVENTION PURPOSE: FOR SUPPORT DAILY | $8,750 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: GRANTS | $24,000 |
SPONSORING TRUE ADVOCACY FOR CHALLENGED PURPOSE: FOR PURPOSES OF DAILY | $2,000 |
FT NAPA VALLEY INC PURPOSE: GRANT | $750 |
SUNRISE HORSE RESCUE PURPOSE: DAILY OPERATING SUPPORT | $15,000 |