David G & Carol P Myers Charitable Foundation
- Assets
- $61.3m
- Revenue
- $5.9m
- Investments
- $61.3m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 11/1989
- Data as of
- 12/2023
- EIN
- 38-2884733
Organization Overview
David G & Carol P Myers Charitable Foundation is located in Holland, MI. The organization was established in 1989. 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. David G & Carol P Myers Charitable 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 12/2023, David G & Carol P Myers Charitable Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Myers President | 0 | $0 | |
David Myers Vice Pres. | 0 | $0 | |
Scott Kling Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,486,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,382,105 |
| Capital Gain Net Income | $2,382,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,075,013 |
| Total Revenue | $5,943,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $436,877 |
| Total operating and administrative expenses | $655,038 |
| Contributions, gifts, grants paid | $5,100,871 |
| Total expenses and disbursements | $5,755,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,195 |
| Savings and temporary cash investments | $0 |
| 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 | $61,314,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,326,375 |
| 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 |