Clannad Foundation
- Assets
- $578.6k
- Revenue
- $149.8k
- Investments
- $436.3k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 02/1996
- Data as of
- 10/2023
- EIN
- 38-3209484
Organization Overview
Clannad Foundation is located in Bloomfield Hills, MI. The organization was established in 1996. 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. Clannad 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 10/2023, Clannad Foundation generated $149.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $201.8k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clannad Foundation has awarded 182 individual grants totaling $712,500. 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 |
|---|---|---|---|
William A Graham President | 5 | $9,000 | |
William A Graham Treasurer | 5 | $0 | |
Annie West Graham Secretary | 7 | $16,000 | |
Mary M Lyneis Director | 1 | $0 | |
James H Loprete Director | 1 | $0 | |
Ml Graeme Campbell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,973 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150,000 |
| Total Revenue | $149,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,003 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,268 |
| Contributions, gifts, grants paid | $152,500 |
| Total expenses and disbursements | $201,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,024 |
| Savings and temporary cash investments | $134,289 |
| 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 | $436,332 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $578,645 |
| 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, Clannad Foundation has awarded $152,500 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: HUMAN SERVICES | $2,000 |
CENTRAL DETROIT CHRISTIAN PURPOSE: HUMAN SERVICES | $3,500 |
CAPE FEAR PURPOSE: HUMAN SERVICES | $3,000 |
COVENANT HOUSE MICHIGAN PURPOSE: SHELTER/EDUCATION | $3,000 |
COTS PURPOSE: HUMAN SERVICES | $5,000 |
CRANBROOK ACADEMY OF ART PURPOSE: EDUCATION | $5,000 |