Klopcic Family Foundation
- Assets
- $7.0m
- Revenue
- -$524.7k
- Investments
- $6.9m
- Employees
- 0
- Location
- Romulus, MI
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 38-3211779
Organization Overview
Klopcic Family Foundation is located in Romulus, MI. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Klopcic 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.
Since 2016, Klopcic Family Foundation has awarded 53 individual grants totaling $2,737,381. 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 |
|---|---|---|---|
Donald L Klopcic Jr President/secretary | 1 | $0 | |
Keith C Klopcic Vice President | 1 | $0 | |
Brooke Klopcic Director | 1 | $0 | |
Kyle L Klopcic Director | 1 | $0 | |
Ryan D Klopcic Director | 1 | $0 | |
Connor Klopcic Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,426 |
| Dividends & Interest | $122,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$649,124 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$524,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,307 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,178 |
| Total operating and administrative expenses | $48,159 |
| Contributions, gifts, grants paid | $461,381 |
| Total expenses and disbursements | $509,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,766 |
| 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 | $2,988,345 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,996,283 |
| 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, Klopcic Family Foundation has awarded $461,381 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
STARFISH FAMILY SERVICES PURPOSE: PROVIDE SUPPORT TO THE ORGANIZATION | $25,000 |
GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION PURPOSE: EDUCATION | $10,000 |
CAMP DAGGETT PURPOSE: PROVIDE SUPPORT TO THE ORGANIZATION | $13,881 |
JOHN BALL ZOO PURPOSE: PROVIDE SUPPORT TO THE ORGANIZATION | $25,000 |
SENIOR NEIGHBORS PURPOSE: PROVIDE SUPPORT TO THE ORGANIZATION | $12,500 |
SPECIAL OLYMPICS MICHIGAN PURPOSE: PROVIDE SUPPORT TO THE ORGANIZATION | $125,000 |