Harold And Penny B Blumenstein Foundaton Corporation
- Assets
- $7.5m
- Revenue
- $87.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Bingham Farms, MI
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 38-2710389
Organization Overview
Harold And Penny B Blumenstein Foundaton Corporation is located in Bingham Farms, MI. The organization was established in 1987. 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. Harold And Penny B Blumenstein Foundaton Corporation 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, Harold And Penny B Blumenstein Foundaton Corporation generated $87.6k 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 (6.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harold And Penny B Blumenstein Foundaton Corporation has awarded 194 individual grants totaling $4,143,896. 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 |
|---|---|---|---|
Penny B Blumenstein Vice President & Secretary | 0 | $0 | |
Richard C Blumenstein Vice President | 0 | $0 | |
Harold Blumenstein President | 0 | $0 | |
Randall S Blumenstein Treasurer | 0 | $0 | |
Lauren A Cohen Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,610,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $122,711 |
| Contributions, gifts, grants paid | $2,544,344 |
| Total expenses and disbursements | $2,667,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,101 |
| Savings and temporary cash investments | $1,832,633 |
| 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 | $7,519,732 |
| 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, Harold And Penny B Blumenstein Foundaton Corporation has awarded $2,544,344 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION SHAAREY ZEDEK PURPOSE: UNRESTRICTED CHARITABLE GIFT | $605,254 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $260,206 |
Detroit, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $259,950 |
New York, NY PURPOSE: UNRESTRICTED CHARITABLE GIFT | $202,519 |
HENRY FORD HEALTH SYSTEM PURPOSE: UNRESTRICTED CHARITABLE GIFT | $200,000 |
Detroit, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |