Isabella Bank Foundation is located in Mt Pleasant, 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. Isabella Bank 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, Isabella Bank Foundation generated $128.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $167.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Isabella Bank Foundation has awarded 53 individual grants totaling $1,040,210. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven Pung Director | 0.5 | $0 | |
Rechelle Richardson Secretary, Director | 0.5 | $0 | |
Jae Evans Chairman/treasurer | 0.5 | $0 | |
Jerome Schwind President | 0.5 | $0 | |
Dave Keilitz Director | 0.5 | $0 | |
James Wojcik Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $2,286 |
Dividends & Interest | $41,324 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $84,757 |
Capital Gain Net Income | $84,757 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $128,367 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $380 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $4,188 |
Contributions, gifts, grants paid | $163,750 |
Total expenses and disbursements | $167,938 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $790,805 |
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 | $160,456 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,421,645 |
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 |
Over the last fiscal year, Isabella Bank Foundation has awarded $163,750 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
CENTRAL MICHIGAN UNIVERSITY PURPOSE: CHIPPEWA CHAMPIONS CENTER PLEDGE | $106,250 |
Mt Pleasant, MI PURPOSE: 3D MAMMOGRAPHY MACHINE | $25,000 |
Harrison, MI PURPOSE: PLEDGE FOR NEW CONSTRUCTION ON HARRISON CAMPUS | $12,500 |
MID MICHIGAN MEDICAL HEART AND VASCULAR CENTER PURPOSE: HEART & VASCULAR CENTER CAMPAIGN PLEDGE | $10,000 |
Alma, MI PURPOSE: OPERA HOUSE PLEDGE | $5,000 |
Southfield, MI PURPOSE: PLEDGED DONATION | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |