The Village Club Foundation
- Assets
- $5.0m
- Revenue
- $471.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 03/1958
- Data as of
- 04/2022
- EIN
- 38-1690100
Organization Overview
The Village Club Foundation is located in Bloomfield Hills, MI. The organization was established in 1958. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Village Club 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 04/2022, Village Club Foundation generated $471.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $316.8k during the year ending 04/2022. While expenses have increased by 3.4% per year over the past 7 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 2015, Village Club Foundation has awarded 84 individual grants totaling $824,900. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VILLAGE CLUB FOUNDATION'S MISSION IS TO OFFER FINANCIAL SUPPORT, IN THE FORM OF GRANTS, TO QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT WAYNE, OAKLAND AND MACOMB COUNTIES. OUR GRANTS FOCUS ON THE INTERRELATED ASPECTS OF COMMUNITY LIFE, BASIC HUMAN NEEDS AND SERVICES, EDUCATIONAL ENHANCEMENT, AND CULTURAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO QUALIFIED NONPROFIT ORGANIZATIONS THROUGHOUT WAYNE, OAKLAND, AND MACOMB COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sweeney President | OfficerTrustee | 15 | $0 |
Linda Bomberski Vice President | OfficerTrustee | 10 | $0 |
Kathleen Schwartz Secretary | OfficerTrustee | 10 | $0 |
Michelle Vanderheyden Treasurer | OfficerTrustee | 15 | $0 |
Gay Garcia Contributions | Trustee | 10 | $0 |
Deborah Kitson Grants | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,056 |
| Total Program Service Revenue | $0 |
| Investment income | $118,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $228,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $771 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,958 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,805 |
| Information technology | $6,183 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,385 |
| Insurance | $0 |
| All other expenses | $734 |
| Total functional expenses | $316,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,693 |
| Savings and temporary cash investments | $150,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $303 |
| Net Land, buildings, and equipment | $258 |
| Investments—publicly traded securities | $4,800,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,970,977 |
| Accounts payable and accrued expenses | $3,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,120 |
| Net assets without donor restrictions | $4,967,857 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,970,977 |
Grants Awarded
Over the last fiscal year, The Village Club Foundation has awarded $75,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Northville, MI PURPOSE: GRIEF SUPPORT | $15,000 |
ALLIANCE FOR A SAFER GREATER DETROIT PURPOSE: VARIOUS INITIATIVES FOR A SAFER DETROIT | $15,000 |
Bloomfield Hills, MI PURPOSE: EMERGENCY ASSISTANCE | $10,000 |
Birmingham, MI PURPOSE: FINANCIAL ASSISTANCE TO CHILDREN FOR MEDICAL TREATMENT | $10,000 |
Auburn Hills, MI PURPOSE: WOMEN'S HOUSING ASSISTANCE | $9,000 |
Venice, CA PURPOSE: DETROIT SCHOOL OF ARTS PATHWAYS INITIATIVE | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Village Club Foundation has recieved totaling $17,800.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,000 |
Milner Hotels Foundation Birmingham, MI PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Mckeen Foundation 02033090722094 Detroit, MI PURPOSE: GENERAL SUPPORT FOR DAILY | $2,000 |
The@lisa And Brian Meer Foundation West Bloomfield, MI PURPOSE: GENERAL USE | $1,800 |
Organization Name not Listed PURPOSE: CHARITABLE | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
Jewish Federation Of Cleveland Cleveland, OH | $589,585,655 | $113,020,772 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
United Way Of Greater Cincinnati Cincinnati, OH | $87,410,500 | $43,822,055 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
Catholic Community Foundation Cleveland, OH | $245,499,126 | $49,958,901 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Central Ohio Inc Columbus, OH | $30,629,493 | $27,229,926 |