Marvin G And Jerene L Dewitt Family Foundation
- Assets
- $567.7k
- Revenue
- $107.5k
- Investments
- $511.8k
- Employees
- 0
- Location
- Holland, MI
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 38-3336470
Organization Overview
Marvin G And Jerene L Dewitt Family Foundation is located in Holland, 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 G And Jerene L Dewitt 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.
For the year ending 12/2022, Marvin G And Jerene L Dewitt Family Foundation generated $107.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $468.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marvin G And Jerene L Dewitt Family Foundation has awarded 424 individual grants totaling $14,004,632. 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 |
|---|---|---|---|
Nancy L Haveman President | 0 | $0 | |
Merle J Dewitt Vice-Preside | 0 | $0 | |
Marilyn J Dewitt Treasurer | 0 | $0 | |
Gary D Dewitt Trustee | 0 | $0 | |
Donald L Dewitt Trustee | 0 | $0 | |
Keith A Dewitt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $811 |
| Dividends & Interest | $22,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,646 |
| Capital Gain Net Income | $84,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21 |
| Total Revenue | $107,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,619 |
| Total operating and administrative expenses | $28,658 |
| Contributions, gifts, grants paid | $440,100 |
| Total expenses and disbursements | $468,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,851 |
| 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 | $567,655 |
| 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 G And Jerene L Dewitt Family Foundation has awarded $440,100 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ADA BIBLE CHURCH PURPOSE: ANNUAL SUPPORT | $1,000 |
BETHANY CHRISTIAN SERVICES PURPOSE: ANNUAL SUPPORT | $1,000 |
APOLOGIA PURPOSE: ANNUAL SUPPORT | $1,000 |
ASSOC FOR MORE JUST SOCIETY PURPOSE: ANNUAL SUPPORT | $10,000 |
BIBLE LEAGUE PURPOSE: ANNUAL SUPPORT | $1,000 |
BORCULO CHRISTAN SCHOOL PURPOSE: ANNUAL SUPPORT | $27,000 |