Manat Foundation
- Assets
- $6.2m
- Revenue
- $300.1k
- Investments
- $6.0m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 10/1987
- Data as of
- 07/2023
- EIN
- 38-2710511
Organization Overview
Manat Foundation is located in Ann Arbor, 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. Manat 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 07/2023, Manat Foundation generated $300.1k 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 (18.7%) each year. All expenses for the organization totaled $229.7k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (50.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Manat Foundation has awarded 75 individual grants totaling $8,311,959. 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 |
|---|---|---|---|
Rebecca Hankin President | 0 | $0 | |
Susan Henkin Secretary | 0 | $0 | |
Jack M Schultz Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $202 |
| Dividends & Interest | $299,945 |
| 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 | $300,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,583 |
| Contributions, gifts, grants paid | $220,100 |
| Total expenses and disbursements | $229,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $208,950 |
| 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 | $3,358,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,219,957 |
| 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, Manat Foundation has awarded $220,100 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
FORGOTTEN HARVEST PURPOSE: FURTHER CHARITABLE GOALS | $5,000 |
JCC DETROIT - CHARACH GALLERY PURPOSE: FURTHER CHARITABLE GOALS | $28,000 |
GLEANER'S COMMUNITY FOOD BANK PURPOSE: FURTHER CHARITABLE GOALS | $5,000 |
JCC DETROIT - PILLARS PURPOSE: FURTHER CHARITABLE GOALS | $10,000 |
JEWISH FED-ANNUAL PURPOSE: FURTHER CHARITABLE GOALS | $25,000 |
LIVING & LEARNING ENRICHMENT CENTER PURPOSE: FURTHER CHARITABLE GOALS | $25,000 |