Joel & Linda Gershenson Family Foundation
- Assets
- $86.3k
- Revenue
- -$9.7k
- Investments
- $84.4k
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 12/1996
- Data as of
- 01/2024
- EIN
- 38-3315288
Organization Overview
Joel & Linda Gershenson Family Foundation is located in Farmington 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. Joel & Linda Gershenson 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Gershenson Director | 1 | $0 | |
Linda Gershenson Director | 1 | $0 | |
Jill Gershenson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,676 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$9,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $1,575 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $10,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,900 |
| 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 | $84,383 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,283 |
| 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, Joel & Linda Gershenson Family Foundation has awarded $9,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD PURPOSE: GENERAL | $750 |
JEWISH HOSPICE PURPOSE: GENERAL | $2,000 |
KARMANOS PURPOSE: GENERAL | $2,000 |
JARC PURPOSE: GENERAL | $500 |
KIDS KICKING CANCER PURPOSE: GENERAL | $1,000 |
YAD EZRA PURPOSE: GENERAL | $500 |