Myron P Leven Foundation
- Assets
- $6.7m
- Revenue
- $716.4k
- Investments
- $6.5m
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 38-3443921
Organization Overview
Myron P Leven Foundation is located in Waterford, MI. The organization was established in 1999. 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. Myron P Leven 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, Myron P Leven Foundation generated $716.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $772.6k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 8 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.
Since 2016, Myron P Leven Foundation has awarded 86 individual grants totaling $1,743,761. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold P Garber Vice-Pres., Sec., Treas. | 0 | $62,500 | |
Tara Crake President | 0 | $86,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $443,593 |
| Interest on Savings | $74 |
| Dividends & Interest | $305,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,781 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $716,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,100 |
| Other employee salaries and wages | $92,320 |
| Pension plans, employee benefits | $43,032 |
| Interest | $0 |
| Taxes | $22,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,511 |
| Printing and publications | $0 |
| Other expenses | $28,468 |
| Total operating and administrative expenses | $462,758 |
| Contributions, gifts, grants paid | $309,878 |
| Total expenses and disbursements | $772,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,945 |
| 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 | $6,657 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,520,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $806 |
| Total assets | $6,654,269 |
| 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 | $4,088 |
| Total liabilities | $4,088 |
Grants Awarded
Over the last fiscal year, Myron P Leven Foundation has awarded $309,878 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS FOR CHICANO STUDIES | $36,500 |
DETROIT SYMPHONY AND METRO YOUTH ORCHESTRA PURPOSE: TO PROMOTE APPRECIATION OF THE ARTS | $73,500 |
JEWISH FAMILY SERVICES PURPOSE: TO HELP UNDER PRIVILEDGED INDIVIDUALS | $2,500 |
UNIVERSITY OF DETROIT MERCY PURPOSE: STUDENT SCHOLARSHIPS | $2,000 |
UNIVERSITY OF MICHIGAN (ANN ARBOR & DEARBORN) PURPOSE: STUDENT SCHOLARSHIPS | $22,000 |
KARMANOS CANCER INSTITUTE PURPOSE: TO SUPPORT CANCER RESEARCH | $1,000 |