Narens Family Foundation
- Assets
- $963.5k
- Revenue
- $57.0k
- Investments
- $952.9k
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 05/1986
- Data as of
- 11/2023
- EIN
- 38-2661323
Organization Overview
Narens Family Foundation is located in Farmington Hills, MI. The organization was established in 1986. 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. Narens Family 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 11/2023, Narens Family Foundation generated $57.0k 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 (20.1%) each year. All expenses for the organization totaled $205.7k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Narens Family Foundation has awarded 57 individual grants totaling $467,198. 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 |
|---|---|---|---|
William Narens President | 0 | $0 | |
James Narens Vice-President | 0 | $0 | |
Nanci Levy Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $773 |
| Dividends & Interest | $55,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,448 |
| Contributions, gifts, grants paid | $200,238 |
| Total expenses and disbursements | $205,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,655 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $963,542 |
| 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, Narens Family Foundation has awarded $200,238 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DOUBLE GOOD POPCORN FUNDRAISER PURPOSE: UNRESTRICTED CHARITABLE GIFT | $528 |
GARY BURNSTEIN CLINIC PURPOSE: UNRESTRICTED CHARITABLE GIFT | $1,000 |
HEBREW FREE LOAN PURPOSE: UNRESTRICTED CHARITABLE GIFT | $5,000 |
JEWISH FEDERATION OF DETROIT PURPOSE: UNRESTRICTED CHARITABLE GIFT | $20,000 |
JUVENILE DIABETES RESEARCH FOUNDATION IMPROVES LIVES PURPOSE: UNRESTRICTED CHARITABLE GIFT | $1,000 |
MAKE-A-WISH FOUNDATION PURPOSE: UNRESTRICTED CHARITABLE GIFT | $500 |