Harold And Penny B Blumenstein Foundaton Corporation
- Assets
- $6.8m
- Revenue
- $628.0k
- Investments
- $6.3m
- Employees
- 0
- Location
- Bingham Farms, MI
- Founding
- 03/1987
- Data as of
- 12/2022
- 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 12/2022, Harold And Penny B Blumenstein Foundaton Corporation generated $628.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 5.2% 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, Harold And Penny B Blumenstein Foundaton Corporation has awarded 282 individual grants totaling $6,160,260. 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 |
|---|---|---|---|
Harold Blumenstein President | 0 | $0 | |
Penny B Blumenstein Vice President & Secretary | 0 | $0 | |
Richard C Blumenstein Vice President | 0 | $0 | |
Lauren A Cohen Vice President | 0 | $0 | |
Randall S Blumenstein Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $714,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $628,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $130 |
| Taxes | $1,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,883 |
| Contributions, gifts, grants paid | $2,016,364 |
| Total expenses and disbursements | $2,077,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,087 |
| Savings and temporary cash investments | $414,024 |
| 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 | $6,787,343 |
| 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 $2,016,364 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ALGEMEINER PURPOSE: UNRESTRICTED CHARITABLE GIFT | $2,500 |
AIEF PURPOSE: UNRESTRICTED CHARITABLE GIFT | $105,000 |
AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHESTRA PURPOSE: UNRESTRICTED CHARITABLE GIFT | $500 |
AMERICAN JOINT DISTRIBUTION COMMITTEEJDC PURPOSE: UNRESTRICTED CHARITABLE GIFT | $161,749 |
ATLAS NETWORK PURPOSE: UNRESTRICTED CHARITABLE GIFT | $5,000 |
AUTISM SPEAKS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $250 |