Charles F Yeager Foundation Inc
- Assets
- $71.2k
- Revenue
- $5.5k
- Investments
- $65.1k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 38-3530854
Organization Overview
Charles F Yeager Foundation Inc is located in Troy, MI. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles F Yeager Foundation Inc 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 12/2022, Charles F Yeager Foundation Inc generated $5.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $14.7k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Zurek President | 1 | $4,000 | |
Mary Ann Zurek Sec-Treasurer | 0.1 | $0 | |
Janet Bruss Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,600 |
| Capital Gain Net Income | $4,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $6,258 |
| Contributions, gifts, grants paid | $8,421 |
| Total expenses and disbursements | $14,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,513 |
| Savings and temporary cash investments | $3,566 |
| 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 | $71,202 |
| 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, Charles F Yeager Foundation Inc has awarded $8,421 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: THROUGH RESEARCH, CARE AND ADVOCACY TRANSFORM LIVES OF PEOPLE WITH MD | $800 |
EAGLES FOR CHILDREN PURPOSE: BENEFIT DISADVANTAGED CHILDREN | $1,700 |
GRACE CENTERS OF HOPE PURPOSE: FEED, CLOTHE, SHELTER AND PROVIDE SERVICES TO MEN IN NEED AND THEIR CHILDREN | $2,110 |
BIRMINGHAM BLOOMFIELD CHAMBER OF COMMERCE PURPOSE: RELATIONSHIPS WITH THE COMMUNITY TO CREATE A GOOD BUSINESS CLIMATE | $1,000 |
NEW HORIZONS REHABILITATION SERVICES INC PURPOSE: HELP PEOPLE WITH DISABILITIES ACHIEVE SUCCESS,BREAK BARRIERS | $1,000 |
GUEST HOUSE INC PURPOSE: ADDICTION TREATMENT AND CARE FOR RELIGIOUS WOMEN MEN | $1,250 |