Max M & Marjorie S Fisher Foundation Inc
- Assets
- $339.3m
- Revenue
- $61.0m
- Investments
- $324.6m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 07/1957
- Data as of
- 12/2021
- EIN
- 38-1784340
Organization Overview
Max M & Marjorie S Fisher Foundation Inc is located in Southfield, MI. The organization was established in 1957. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Max M & Marjorie S Fisher 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, Max M & Marjorie S Fisher Foundation Inc generated $61.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $21.4m during the year ending 12/2021. While expenses have increased by 11.4% 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, Max M & Marjorie S Fisher Foundation Inc has awarded 562 individual grants totaling $53,124,552. 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 |
|---|---|---|---|
Douglas Bitonti Stewart Executive Director | 40 | $426,713 | |
Cynthia Rowell Program Manager | 40 | $178,500 | |
Meredith Freeman Senior Program Offic | 40 | $162,750 | |
Jennifer A Fahnestock Grants Manager | 40 | $133,875 | |
Camarrah Morgan Program Officer | 40 | $100,000 | |
Chelsea Landry Program Officer | 40 | $94,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tfg Llc | 12/30/21 | $1,435,332 |
Catalyst Evaluation | 12/30/21 | $90,021 |
Avivar Capital | 12/30/21 | $60,000 |
Tfg Llc | 12/30/21 | $1,435,332 |
Catalyst Evaluation | 12/30/21 | $90,021 |
Jfm Consulting Group | 12/30/21 | $191,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,044,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,184,368 |
| Capital Gain Net Income | $57,773,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,238,717 |
| Total Revenue | $60,989,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $426,713 |
| Other employee salaries and wages | $950,316 |
| Pension plans, employee benefits | $446,190 |
| Interest | $2 |
| Taxes | $1,427,596 |
| Depreciation | $20,980 |
| Occupancy | $60,824 |
| Travel, conferences, and meetings | $10,770 |
| Printing and publications | $13,702 |
| Other expenses | $135,019 |
| Total operating and administrative expenses | $6,692,458 |
| Contributions, gifts, grants paid | $14,681,662 |
| Total expenses and disbursements | $21,374,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,986 |
| Savings and temporary cash investments | $8,709,361 |
| Net Accounts receivable | $617,442 |
| 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 | $2,949 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $324,612,769 |
| Net Land, buildings, and equipment | $16,824 |
| Other assets | $5,229,092 |
| Total assets | $339,251,423 |
| Accounts payable and accrued expenses | $1,739,699 |
| Grants payable | $5,212,820 |
| 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 | $6,952,519 |
Grants Awarded
Over the last fiscal year, Max M & Marjorie S Fisher Foundation Inc has awarded $29,795,504 in support to 358 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF METRO DETROIT PURPOSE: 2021 ANNUAL CONTRIBUTION | $1,250,000 |
JEWISH FEDERATION OF METRO DETROIT PURPOSE: 2021 ANNUAL CONTRIBUTION | $1,250,000 |
West Palm Beach, FL PURPOSE: GENERAL SUPPORT - MARJORIE S FISHER FUND | $600,000 |
West Palm Beach, FL PURPOSE: GENERAL SUPPORT - MARJORIE S FISHER FUND | $600,000 |
ILLINOIS FINANCE FUND PURPOSE: BQI INDOOR/OUTDOOR PROGRAMMATIC FACILITY IMPROVEMENTS EXTENSION | $480,000 |
ILLINOIS FINANCE FUND PURPOSE: BQI INDOOR/OUTDOOR PROGRAMMATIC FACILITY IMPROVEMENTS EXTENSION | $480,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Next Door Foundation Inc Milwaukee, WI | $19,682,367 | $23,941,415 |
Max M & Marjorie S Fisher Foundation Inc Southfield, MI | $339,251,423 | $60,989,770 |
Indianapolis Parks Foundation Inc Indianapolis, IN | $2,785,719 | $1,402,836 |
Fc Cincinnati Foundation Cincinnati, OH | $616,697 | $1,507,019 |
Friends Of Grand Rapids Parks Grand Rapids, MI | $252,264 | $780,095 |
Ann Arbor Skyline Athletic Booster Club Ann Arbor, MI | $542,381 | $627,031 |
Fishel Foundation Columbus, OH | $9,785,934 | $2,522,973 |
Game Of Your Life Foundation Coldwater, MI | $227,576 | $487,053 |
Cope Environmental Center Inc Centerville, IN | $2,793,518 | $403,692 |
Gu Shamrock Booster Club Inc Indianapolis, IN | $9,349 | $265,154 |
Central Catholic Athletic Boosters Sandusky, OH | $403,242 | $0 |
Indianapolis Indians Community Fund Inc Indianapolis, IN | $232,969 | $319,877 |