Matthews Family Foundation
- Assets
- $5.6m
- Revenue
- $2.4m
- Investments
- $3.2m
- Employees
- 0
- Location
- Farmington, MI
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 38-3527757
Organization Overview
Matthews Family Foundation is located in Farmington, MI. The organization was established in 2000. 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. Matthews 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 12/2023, Matthews Family Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $244.7k during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH SENIOR LIFE OF METRO DETROIT INC RENOVATION OF FLEISCHMAN RESIDENCE
JEWISH HOME SERVICES INC JEWISH COMMUNITY ADULT DAY PROGRAM
WAYNE STATE UNIVERSITY FUNDING OF THE PRINCIPAL ROBERT E MATTHEWS MEMORIAL ENDOWED SUPPORT FUND
FRESH AIR SOCIETY BUBBIE ZAYDIE CAMP FOR SENIORS AND GRANDCHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Matthews Director | 4 | $0 | |
Alan Brown Director | 1 | $0 | |
Frank J Ellias Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,268,708 |
| Interest on Savings | $17,033 |
| Dividends & Interest | $92,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,378,438 |
| 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 | $207 |
| Printing and publications | $0 |
| Other expenses | $40,211 |
| Total operating and administrative expenses | $66,785 |
| Contributions, gifts, grants paid | $177,921 |
| Total expenses and disbursements | $244,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,916 |
| Savings and temporary cash investments | $1,244,003 |
| 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 | $1,204,507 |
| Total assets | $5,649,160 |
| 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, Matthews Family Foundation has awarded $177,921 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FRESH AIR SOCIETY PURPOSE: BUBBIE ZAYDIE CAMP FOR SENIORSAND GRANDCHILDREN | $25,000 |
JEWISH HOME SERVICESINC PURPOSE: JEWISH COMMUNITYADULT DAY PROGRAM | $34,321 |
JEWISH SENIOR LIFE OF METRO DETROIT INC PURPOSE: RENOVATION OFFLEISCHMAN RESIDENCE | $78,600 |
WAYNE STATE UNIVERSITY PURPOSE: FUNDING OF THE PRINCIPALROBERT E MATTHEWSMEMORIAL ENDOWED SUPPORT FUND | $30,000 |
AMERICAN FRIENDS OF MAGAN DAVID ADOM PURPOSE: GENERAL FUND | $10,000 |