Julius V & Alice G Combs Foundation
- Assets
- $338.0k
- Revenue
- $43.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 10/1997
- Data as of
- 12/2021
- 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 12/2021, Julius V & Alice G Combs Foundation generated $43.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $20.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Julius V & Alice G Combs Foundation has awarded 75 individual grants totaling $139,675. 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 |
|---|---|---|---|
Julius V Combs Pres / Tres | 0 | $0 | |
Alice G Combs VP / Secy | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $4,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,885 |
| Capital Gain Net Income | $23,575 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,500 |
| Contributions, gifts, grants paid | $18,651 |
| Total expenses and disbursements | $20,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,072 |
| Savings and temporary cash investments | $329,957 |
| 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 | $338,029 |
| 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, Julius V & Alice G Combs Foundation has awarded $18,651 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ICDS ANNUAL FUND PURPOSE: CHARITABLE DONATION | $5,000 |
DCDS ANNUAL FUND PURPOSE: CHARITABLE DONATION | $5,000 |
GREG KELSER PURPOSE: CHARITABLE DONATION | $2,700 |
OPTIMIST INTERNATIONAL FOUNDATION PURPOSE: CHARITABLE DONATION | $2,500 |
DENNIS ARCHER SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP | $2,500 |
BOUND TOGETHER PURPOSE: CHARITABLE DONATION | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Foundations Of East Chicago Inc East Chicago, IN | $37,687,185 | $5,519,397 |
Sisters Of Charity Foundation Of South Carolina Cleveland, OH | $112,898,417 | $3,663,141 |
Kiwanis International Foundation Inc Indianapolis, IN | $18,583,899 | $3,595,306 |