Folkert Family Foundation
- Assets
- $144.0k
- Revenue
- $75.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 04/1994
- Data as of
- 08/2021
- EIN
- 38-3084541
Organization Overview
Folkert Family Foundation is located in Grand Rapids, MI. The organization was established in 1994. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folkert Family 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 08/2021, Folkert Family Foundation generated $75.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $75.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Folkert Family Foundation has awarded 110 individual grants totaling $570,275. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda L Haverkamp President/treasurer | 0.1 | $0 | |
Todd Folkert Secretary/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $70,610 |
| 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 | $75,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,500 |
| Depreciation | $4,830 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,330 |
| Contributions, gifts, grants paid | $67,000 |
| Total expenses and disbursements | $75,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,205 |
| 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 | $85,819 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $144,024 |
| 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, Folkert Family Foundation has awarded $67,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NO MORE SIDELINES PURPOSE: GENERAL SUPPORT | $25,000 |
COMMUNITY FOUNDATION MUSKEGON COUNTY - COVENANT HOUSE PURPOSE: GENERAL SUPPORT | $15,000 |
Grand Haven, MI PURPOSE: GENERAL SUPPORT | $12,000 |
VOX PURPOSE: WATER PROJECT | $5,000 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $5,000 |
TRI-CITIES AREA HABITAT FOR HUMANITY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Public Radio Inc Des Moines, IA | $5,108,357 | $7,743,289 |
Harold K & Myrtle C Folk Charitable Foundation Cleveland, OH | $604,413 | $286,538 |
Just Enterprises Inc Louisville, KY | $277,184 | $333,690 |
Rose Valley Folk Rose Valley Rose Valley, PA | $1,119,838 | $316,260 |
Association Of Artists And Craftsmen Of Porter County Incorpo Chesterton, IN | $242,686 | $0 |