Strunk Foundation
- Assets
- $57.3k
- Revenue
- $68.6k
- Investments
- $52.9k
- Employees
- 0
- Location
- Warren, MI
- Founding
- 12/1995
- Data as of
- 06/2023
- EIN
- 38-3245852
Organization Overview
Strunk Foundation is located in Warren, MI. The organization was established in 1995. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Strunk 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 06/2023, Strunk Foundation generated $68.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $67.0k during the year ending 06/2023. While expenses have increased by 18.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Strunk Foundation has awarded 122 individual grants totaling $265,160. 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 |
|---|---|---|---|
Susan E Palombo Pres,treas | 3 | $0 | |
Nancy A Strunk Secretary | 3 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $176 |
| Dividends & Interest | $12,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,322 |
| Capital Gain Net Income | $56,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,461 |
| Total operating and administrative expenses | $15,294 |
| Contributions, gifts, grants paid | $51,750 |
| Total expenses and disbursements | $67,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,438 |
| 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 | $57,317 |
| 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, Strunk Foundation has awarded $51,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GBGM PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
FRIENDS OF FOSTER KIDS PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
FREE & ACCEPTED MASONS OF MI-CL LODGE PURPOSE: GENERAL OPERATING SUPPORT | $500 |
ST MARGARET - MCWARM PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
VETS RETURNING HOME PURPOSE: GENERAL OPERATING SUPPORT | $500 |