Theuerkorn Foundation
- Assets
- $130.1k
- Revenue
- $8.3k
- Investments
- $125.0k
- Employees
- 0
- Location
- Mount Clemens, MI
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 38-3330001
Organization Overview
Theuerkorn Foundation is located in Mount Clemens, MI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theuerkorn 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, Theuerkorn Foundation generated $8.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $13.3k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Theuerkorn President | 1 | $0 | |
Sandy Theuerkorn Secretary | 1 | $0 | |
David Theuerkorn Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,208 |
| Capital Gain Net Income | $2,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,309 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $13,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,071 |
| 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 | $0 |
| Total assets | $130,064 |
| 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, Theuerkorn Foundation has awarded $9,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY LUTHERAN CHURCH PURPOSE: CHRISTIAN OUTREACH | $1,800 |
TURNING POINT PURPOSE: WOMENS SHELTER | $1,800 |
HABITAT FOR HUMANITY PURPOSE: LOW INCOME HOUSING | $1,800 |
FORGOTTEN HARVEST PURPOSE: FOOD BANK | $1,800 |
FRIENDS OF FOSTER KIDS PURPOSE: FOSTER CHILDREN AID | $1,800 |