Samaritas Foundation
- Assets
- $19.2m
- Revenue
- $654.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 38-3201490
Organization Overview
Samaritas Foundation is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samaritas 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 12/2022, Samaritas Foundation generated $654.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $991.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE RECEIPT OF CONTRIBUTIONS AND BEQUESTS FOR THE BENEFITS OF SUPPORTING THE MISSION OF SAMARITAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A SUPPORTING ORGANIZATION OF SAMARITAS. AS A SUPPORTING ORGANIZATION, THE FOUNDATION SUPPORTS THE MISSION OF SAMARITAS THROUGH GRANTS PAID FOR OPERATIONAL AND CAPITAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Beals Trustee | Trustee | 1 | $0 |
David Wohleen Chairperson | OfficerTrustee | 5 | $0 |
Sarah Pobocik Vice Chairperson | OfficerTrustee | 5 | $0 |
Ellen Batkie Secretary | OfficerTrustee | 5 | $0 |
Bonnie Reyes Treasurer | OfficerTrustee | 5 | $0 |
Paul Balas Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G Fisher Construction Company Construction Contractor | 12/30/22 | $722,135 |
Samaritas Management Services | 12/30/22 | $168,000 |
Merrill Lynch Investement Management | 12/30/22 | $122,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,034,208 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,288 |
| Total Program Service Revenue | $0 |
| Investment income | $406,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$851,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $690,994 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $168,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,295 |
| Fees for services: Other | $9,450 |
| Advertising and promotion | $0 |
| Office expenses | $345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $991,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,300 |
| Savings and temporary cash investments | $329,502 |
| Pledges and grants receivable | $20,924 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,068 |
| Net Land, buildings, and equipment | $1,263,538 |
| Investments—publicly traded securities | $17,519,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,506 |
| Total assets | $19,223,596 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $497,140 |
| Total liabilities | $497,140 |
| Net assets without donor restrictions | $6,979,791 |
| Net assets with donor restrictions | $11,746,665 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,223,596 |