Folkert Family Foundation
- Assets
- $0.0
- Revenue
- $25.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 04/1994
- Data as of
- 08/2022
- 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 08/2022, Folkert Family Foundation generated $25.6k 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 (28.8%) each year. All expenses for the organization totaled $443.7k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Folkert Family Foundation has awarded 119 individual grants totaling $1,010,886. 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 |
|---|---|---|---|
Lucinda L Haverkamp President/secretary | 0.1 | $0 | |
Todd Folkert Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $24,030 |
| 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 | $25,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,610 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,045 |
| Contributions, gifts, grants paid | $440,611 |
| Total expenses and disbursements | $443,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 $440,611 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BAXTER COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $3,706 |
FEEDING AMERICA PURPOSE: GENERAL SUPPORT | $10,000 |
COMMUNITY FOUNDATION MUSKEGON COUNTY PURPOSE: GENERAL SUPPORT | $15,000 |
KID'S FOOD BASKET PURPOSE: GENERAL SUPPORT | $5,000 |
NO MORE SIDELINES PURPOSE: GENERAL SUPPORT | $25,000 |
READ MUSKEGON PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folkert Family Foundation Grand Rapids, MI | $0 | $25,640 |
Association Of Artists And Craftsmen Of Porter County Incorpo Chesterton, IN | $230,671 | $240,577 |
Mary Sully Foundation Frankfort, MI | $334,015 | $489,743 |
Michigan League Of Handweavers Portage, MI | $128,533 | $0 |
Harold K & Myrtle C Folk Charitable Foundation Cleveland, OH | $592,066 | $53,230 |