Farmington - Farmington Hills Foundation For Youth And Families
- Assets
- $410.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 07/1996
- Data as of
- 12/2023
- EIN
- 38-3254708
Organization Overview
Farmington - Farmington Hills Foundation For Youth And Families is located in Farmington Hills, MI. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. Farmington - Farmington Hills Foundation For Youth And Families 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 12/2023, Farmington - Farmington Hills Foundation For Youth And Families generated $46.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $52.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GRANTS TO ORGANIZATIONS ENRICHING THE QUALITY OF LIFE IN THE COMMUNITIES OF FARMINGTON AND FARMINGTON HILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Francis President | 6 | $0 | |
Lauren Burgett Trustee | 4 | $0 | |
Lynn Halton Trustee | 4 | $0 | |
Valentina Lucaj Trustee | 4 | $0 | |
Richard Small Trustee | 4 | $0 | |
Marla Parker Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,988 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,260 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,248 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,845 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,029 |
| Total expenses | $52,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $410,866 |
| Other assets | $0 |
| Total assets | $410,866 |
| Total liabilities | $0 |
| Net assets or fund balances | $410,866 |