Edsel And Eleanor Ford House
- Assets
- $272.6m
- Revenue
- $1.1m
- Investments
- $186.9m
- Employees
- 0
- Location
- Grosse Pointe Shores, MI
- Founding
- 11/1979
- Data as of
- 12/2022
- EIN
- 38-2218274
Organization Overview
Edsel And Eleanor Ford House is located in Grosse Pointe Shores, MI. The organization was established in 1979. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edsel And Eleanor Ford House 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 12/2022, Edsel And Eleanor Ford House generated $1.1m 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 (45.8%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CARE, RESTORATION, AND MAINTENANCE OF THE HISTORIC ESTATE, INCLUDING THE HOUSE, FURNISHINGS, AND GROUNDS, ENABLING THE ESTATE TO BE OPEN TO THE PUBLIC, SCHOOL/YOUTH GROUPS, AND OTHER SPECIAL GROUPS FOR TOURS AND EDUCATION (APPROX. 137,436 ONSITE VISITORS). ACQUISITION OF ASSETS USED IN THE CARE AND RESTORATION OF THE ESTATE/COLLECTION.
YOUTH AND ADULT PROGRAMMING USED TO EDUCATE THE GENERAL PUBLIC ABOUT THE LIVES & TIMES OF THE FORD FAMILY, WHILE LIVING AT THE ESTATE. APPROXIMATELY 31,993 VISITORS.
SPECIAL FUNCTIONS AT THE ESTATE TO BENEFIT NON PROFIT ORGANIZATIONS, THE COMMUNITY AND OTHER SPECIAL GROUPS. APPROXIMATELY 16,511 VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn F Alandt Chairman | 1 | $0 | |
Chris Dine Treasurer | 1 | $0 | |
David M Hempstead Secretary | 1 | $0 | |
Benson Ford Jr Trustee | 1 | $0 | |
Martha Firestone Ford Trustee | 1 | $0 | |
Lindsey Ford Buhl Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frank Rewold And Son Inc | 12/30/22 | $401,654 |
Paylocity | 12/30/22 | $276,526 |
Bluewater Technologies | 12/30/22 | $224,592 |
Continental Cafe | 12/30/22 | $201,782 |
Nationwide | 12/30/22 | $193,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195,035 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,178,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,284,566 |
| Capital Gain Net Income | $1,583,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$598,078 |
| Other Income | $1,578,983 |
| Total Revenue | $1,069,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $226,613 |
| Other employee salaries and wages | $3,456,363 |
| Pension plans, employee benefits | $987,062 |
| Interest | $718,099 |
| Taxes | $266,873 |
| Depreciation | $2,293,655 |
| Occupancy | $430,380 |
| Travel, conferences, and meetings | $42,729 |
| Printing and publications | $0 |
| Other expenses | $2,526,004 |
| Total operating and administrative expenses | $12,165,813 |
| Contributions, gifts, grants paid | $25,643 |
| Total expenses and disbursements | $12,191,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,814 |
| Savings and temporary cash investments | $7,676,416 |
| 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 | $161,345 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,709,295 |
| Net Land, buildings, and equipment | $77,132,893 |
| Other assets | $80,062 |
| Total assets | $272,648,066 |
| Accounts payable and accrued expenses | $65,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $45,436,662 |
| Other liabilities | $1,448,839 |
| Total liabilities | $46,951,114 |
Grants Awarded
Over the last fiscal year, Edsel And Eleanor Ford House has awarded $21,394 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT KAHN LEGACY FOUNDATION PURPOSE: SPONSORSHIP | $1,000 |
COLLEGE OF CREATIVE STUDIES PURPOSE: SPONSORSHIP | $2,500 |
CONTINENTAL CAFE LLC PURPOSE: DONATIONS | $401 |
FRIENDS OF DETROIT PURPOSE: SPONSORSHIP | $500 |
GROSSE POINTE CHAMBER OF COMMERCE PURPOSE: SPONSORSHIP | $5,500 |
GROSSE POINTE FOUNDATION FOR PUBLIC EDUCATION PURPOSE: SPONSORSHIP | $600 |