Laura Ludington Hollenbeck Foundation
- Assets
- $670.8k
- Revenue
- $70.9k
- Investments
- $629.1k
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 38-3323698
Organization Overview
Laura Ludington Hollenbeck Foundation is located in Midland, MI. The organization was established in 1996. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Laura Ludington Hollenbeck 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 12/2021, Laura Ludington Hollenbeck Foundation generated $70.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $40.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laura Ludington Hollenbeck Foundation has awarded 200 individual grants totaling $219,800. 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 |
|---|---|---|---|
Martyn I Hollenbeck Vice Preside | 0.1 | $0 | |
Laura L Hollenbeck President | 1 | $0 | |
Shea H Davidson Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,294 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,893 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,748 |
| Capital Gain Net Income | $21,748 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,995 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $39,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,700 |
| 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 | $213,869 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $670,775 |
| 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, Laura Ludington Hollenbeck Foundation has awarded $38,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Alma, MI PURPOSE: OPERATING FUND | $5,000 |
Albion, MI PURPOSE: OPERATING FUND | $4,000 |
Midland, MI PURPOSE: OPERATING FUND | $4,000 |
Midland, MI PURPOSE: OPERATING FUND | $3,000 |
AMERICAN RED CROSS PURPOSE: OPERATING FUND | $3,000 |
AMERICARES PURPOSE: OPERATING FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |
Elma M Lapp Foundation Cincinnati, OH | $48,551,204 | $2,777,654 |
James And Angela Hambrick Foundation Beachwood, OH | $47,675,714 | $9,104,486 |