Laura Ludington Hollenbeck Foundation
- Assets
- $672.1k
- Revenue
- $50.8k
- Investments
- $644.8k
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1996
- Data as of
- 12/2022
- 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 12/2022, Laura Ludington Hollenbeck Foundation generated $50.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $49.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laura Ludington Hollenbeck Foundation has awarded 272 individual grants totaling $301,050. 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 |
|---|---|---|---|
Laura L Hollenbeck President | 1 | $0 | |
Martyn I Hollenbeck Vice Preside | 0.1 | $0 | |
Shea H Davidson Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,917 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,941 |
| Capital Gain Net Income | $3,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,799 |
| Contributions, gifts, grants paid | $46,600 |
| Total expenses and disbursements | $49,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,340 |
| 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 | $213,725 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $672,129 |
| 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 $46,600 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION COLLEGE PURPOSE: OPERATING FUND | $4,000 |
ALMA COLLEGE PURPOSE: OPERATING FUND | $4,000 |
AMERICAN RED CROSS PURPOSE: OPERATING FUND | $3,000 |
AMERICARES PURPOSE: OPERATING FUND | $1,000 |
AMNESTY INTERNATIONAL PURPOSE: OPERATING FUND | $1,000 |
CITY RESCUE MISSION PURPOSE: OPERATING FUND | $500 |