Bill & Julia Van Domelen Foundation
- Assets
- $123.4m
- Revenue
- $6.9m
- Investments
- $121.4m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 38-2916030
Organization Overview
Bill & Julia Van Domelen Foundation is located in Southfield, MI. The organization was established in 1991. 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. Bill & Julia Van Domelen 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, Bill & Julia Van Domelen Foundation generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bill & Julia Van Domelen Foundation has awarded 31 individual grants totaling $30,960,610. 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 |
|---|---|---|---|
Julia Van Domelen President, Secretary And Director | 1 | $0 | |
Arthur E Albin Treasurer & Director | 0.25 | $0 | |
George H Lennon Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plante Moran Trust | 12/30/23 | $203,486 |
Boston Partners | 12/30/23 | $54,191 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,498,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,357,109 |
| Capital Gain Net Income | $2,357,109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,856,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $138,909 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $416,608 |
| Contributions, gifts, grants paid | $9,595,480 |
| Total expenses and disbursements | $10,012,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,380 |
| Savings and temporary cash investments | $2,016,113 |
| 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 | $123,405,257 |
| 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, Bill & Julia Van Domelen Foundation has awarded $9,595,480 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NCH HEALTHCARE SYSTEM INC PURPOSE: GENERAL | $3,000,000 |
HEALTHCARE NETWORK PURPOSE: GENERAL | $595,480 |
DAVID LAWRENCE MENTAL HEALTH CENTER INC PURPOSE: GENERAL | $5,000,000 |
NAPLES CHILDREN & EDUCATION FOUNDATION INC PURPOSE: GENERAL | $1,000,000 |