Adray Foundation Inc
- Assets
- $502.7k
- Revenue
- $50.5k
- Investments
- $495.5k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1983
- Data as of
- 12/2022
- EIN
- 38-2435251
Organization Overview
Adray Foundation Inc is located in Bloomfield Hills, MI. The organization was established in 1983. 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. Adray 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 12/2022, Adray Foundation Inc generated $50.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $57.3k during the year ending 12/2022. While expenses have increased by 3.7% 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, Adray Foundation Inc has awarded 25 individual grants totaling $123,500. 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 |
|---|---|---|---|
Deborah Adray Director | 0 | $0 | |
Jon P Everly Director/officer | 2 | $0 | |
Jaclyn Adray Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,800 |
| Capital Gain Net Income | $31,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,524 |
| 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 | $3,897 |
| Total operating and administrative expenses | $13,307 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $57,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,259 |
| 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 | $475,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $502,743 |
| 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, Adray Foundation Inc has awarded $44,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GLEANERS COMMUNITY FOOD BANK PURPOSE: SUPPORT TO FIGHT HUNGER IN SOUTHEASTERN MICHIGAN. | $10,000 |
CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION PURPOSE: SUPPPORT FOUNDATION TO IMPROVE CHILDREN'S HEALTH AND WELLNESS. | $5,000 |
HENRY FORD COMMUNITY COLLEGE PURPOSE: CONTRIBUTED TO THE MICHAEL & LOUISE ADRAY ENDOWED SCHOLARSHIP FUND WHICH PROVIDES TUITION ASSISTANCE TO STUDENTS. | $2,500 |
LEADER DOGS FOR THE BLIND PURPOSE: PROVIDE SUPPORT FOR ORGANIZATION THAT PROVIDES LEADER DOGS TRAINED TO ASSIST PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED WITH LIFELONG SKILLS FOR INDEPENDENT TRAVEL. | $4,000 |
PENRICKTON CENTER FOR THE BLIND PURPOSE: TO BE USED TO PROVIDE CARE AND SUPPORT PROGRAMS THAT PROMOTE INDEPENDENT LIVING IN BLIND AND MULTI-DISABLED CHILDREN. | $5,000 |
ST JUDE CHILDREN'S RESEARCH PURPOSE: SUPPORT CHILDREN'S MEDICAL RESEARCH | $2,500 |