Oscar And Keturah Haab Foundation
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $1.7m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 38-3285275
Organization Overview
Oscar And Keturah Haab Foundation is located in Ann Arbor, 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. Oscar And Keturah Haab 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 12/2023, Oscar And Keturah Haab Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $118.4k during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 9 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, Oscar And Keturah Haab Foundation has awarded 118 individual grants totaling $719,000. 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 |
|---|---|---|---|
Elaine Bachman Treasurer | 0 | $0 | |
Sandy Seltz Director | 0 | $0 | |
Jan Allen Director | 0 | $0 | |
Ken Bachman Director | 0 | $0 | |
Charles Schmude Director | 0 | $0 | |
Ilona Heckert Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $874,696 |
| Interest on Savings | $8,290 |
| Dividends & Interest | $45,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,353,821 |
| Capital Gain Net Income | $1,353,821 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,282,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,375 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $118,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,909 |
| Savings and temporary cash investments | $0 |
| 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 | $242,119 |
| Total assets | $2,612,205 |
| 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 | $20,870 |
| Total liabilities | $20,870 |
Grants Awarded
Over the last fiscal year, Oscar And Keturah Haab Foundation has awarded $96,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BODY OF CHRIST & THE PUBLIC SQUARE PURPOSE: FUNDRAISING FOR SPECIAL EVENT | $15,000 |
A2E(ACTS 2 ENTERPRISE THROUGH MI DI PURPOSE: HELP LCMS CHURCH IN DETROIT | $8,000 |
CONCORDIA UNIVERSITY PURPOSE: TO PERFORM AT CHICAGO INT'L MUSIC FE | $5,000 |
LUTHERAN HERITAGE FDN PURPOSE: FOREIGN LANGUAGE BOOK PUBLISHING | $15,000 |
FRIENDS OF THE MASTER PURPOSE: AFFORDABLE TRANSITIONAL HOUSING | $2,500 |
LUTHERAN HIGH SCHOOL PURPOSE: LAMPLIGHTER FUND FOR SCHOLARSHIPS | $5,000 |