Marvin And Rosalie Okun Foundation
- Assets
- $24.7m
- Revenue
- $9.6m
- Investments
- $23.1m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 38-3323820
Organization Overview
Marvin And Rosalie Okun Foundation is located in Kalamazoo, MI. The organization was established in 1997. 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. Marvin And Rosalie Okun Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Marvin And Rosalie Okun Foundation has awarded 391 individual grants totaling $6,890,407. 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 |
|---|---|---|---|
Chris Middleton President | 0 | $0 | |
Rosalice Hall Secretary/tr | 0 | $0 | |
Sydney Parfet Director | 0 | $0 | |
Paul Davidoff Director | 0 | $0 | |
Rob Lando Director | 0 | $0 | |
Rae Lee Howard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,750,593 |
| Interest on Savings | $118,762 |
| Dividends & Interest | $435,488 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $253,703 |
| Capital Gain Net Income | $253,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,558,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $243,122 |
| Contributions, gifts, grants paid | $1,330,257 |
| Total expenses and disbursements | $1,573,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,461,024 |
| 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 | $4,221 |
| Net Investments - land, buildings, equipment | $133,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,741,912 |
| 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, Marvin And Rosalie Okun Foundation has awarded $1,330,257 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AACORN FARM INC PURPOSE: CHARITABLE | $30,000 |
ARTS COUNCIL OF GREATER KALAMAZOO PURPOSE: CHARITABLE | $25,000 |
BIG BROTHERS BIG SISTERS PURPOSE: CHARITABLE | $15,000 |
ARC COMMUNITY ADVOCATES PURPOSE: CHARITABLE | $30,000 |
BLACK ARTS & CULTURAL CENTER PURPOSE: CHARITABLE | $10,000 |
BLENDINGS VOCAL ENSEMBLE PURPOSE: CHARITABLE | $1,500 |