Bay Eye Charitable Foundation
- Assets
- $94.2k
- Revenue
- $52.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 37-1568644
Organization Overview
Bay Eye Charitable Foundation is located in Traverse City, MI. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Eye Charitable 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, Bay Eye Charitable Foundation generated $52.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $82.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin S Arkin President | 0 | $0 | |
Dr Samuel E Navon Director | 0 | $0 | |
Hilde M Souweine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,119 |
| Interest on Savings | $1,506 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,440 |
| Total Revenue | $52,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,137 |
| Total operating and administrative expenses | $48,137 |
| Contributions, gifts, grants paid | $34,095 |
| Total expenses and disbursements | $82,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,130 |
| Savings and temporary cash investments | $76,029 |
| 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 | $94,159 |
| 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, Bay Eye Charitable Foundation has awarded $34,095 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE COMMUNITY BIRTH CENTER(CASH) PURPOSE: SUPPORT FOR BIRTHING CENTER | $17,978 |
GRACE COMMUNITY BIRTH CENTER(NON CASH) PURPOSE: SUPPORT OF BIRTHING CENTER | $16,117 |