Guido A Binda & Elizabeth H Binda Foundation
- Assets
- $19.5m
- Revenue
- $603.9k
- Investments
- $18.1m
- Employees
- 0
- Location
- Battle Creek, MI
- Founding
- 03/1978
- Data as of
- 06/2023
- EIN
- 38-2184423
Organization Overview
Guido A Binda & Elizabeth H Binda Foundation is located in Battle Creek, MI. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Guido A Binda & Elizabeth H Binda 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 06/2023, Guido A Binda & Elizabeth H Binda Foundation generated $603.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Orosz Trustee | 2.15 | $1,200 | |
Richard Tsoumas Vice Preside | 2.31 | $1,200 | |
John Hosking Secretary | 3.46 | $1,200 | |
Robert Binda Trustee | 0.57 | $1,200 | |
Cindy Ruble President | 4.81 | $1,200 | |
Dennis Bona Trustee | 1.15 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,238 |
| Interest on Savings | $7,451 |
| Dividends & Interest | $530,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,049 |
| Capital Gain Net Income | $38,049 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $603,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $109,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,545 |
| Interest | $0 |
| Taxes | $30,619 |
| Depreciation | $25 |
| Occupancy | $9,600 |
| Travel, conferences, and meetings | $12,741 |
| Printing and publications | $0 |
| Other expenses | $40,929 |
| Total operating and administrative expenses | $322,674 |
| Contributions, gifts, grants paid | $861,542 |
| Total expenses and disbursements | $1,184,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,399 |
| Savings and temporary cash investments | $1,275,243 |
| 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 | $750 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $175,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,013 |
| Total assets | $19,477,570 |
| 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 |