Julius V & Alice G Combs Foundation
- Assets
- $207.2k
- Revenue
- $22.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 38-3352692
Organization Overview
Julius V & Alice G Combs Foundation is located in Detroit, MI. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Julius V & Alice G Combs 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, Julius V & Alice G Combs Foundation generated $22.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $84.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Julius V & Alice G Combs Foundation has awarded 112 individual grants totaling $270,755. 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 |
|---|---|---|---|
Alice G Combs President | 0 | $0 | |
Dan A Wolfington VP / Treas / | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,500 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,783 |
| Capital Gain Net Income | $1,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $1,569 |
| Contributions, gifts, grants paid | $83,000 |
| Total expenses and disbursements | $84,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,659 |
| Savings and temporary cash investments | $190,546 |
| 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 | $207,205 |
| 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 | $4 |
| Total liabilities | $4 |
Grants Awarded
Over the last fiscal year, Julius V & Alice G Combs Foundation has awarded $83,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FAIR PLAY ATHLETICS LLC PURPOSE: CHARITABLE DONATION | $3,500 |
MAYA BOYD PURPOSE: CHARITABLE DONATION | $1,500 |
DETROIT JAZZ FESTIVAL FOUNDATION PURPOSE: CHARITABLE DONATION | $500 |
DGC SCHOLARSHIP CADDIE FOUNDATION PURPOSE: CHARITABLE DONATION | $1,000 |
GREG KELSER PURPOSE: CHARITABLE DONATION | $3,000 |
MONEY MATTERS FOR YOUTH PURPOSE: CHARITABLE DONATION | $1,000 |