Denso North America Foundation
- Assets
- $11.8m
- Revenue
- $571.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 38-3547055
Organization Overview
Denso North America Foundation is located in Southfield, MI. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Denso North America 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, Denso North America Foundation generated $571.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $7.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (63.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Denso North America Foundation has awarded 109 individual grants totaling $4,411,682. 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 |
|---|---|---|---|
Robert Townsend Vice President | 5 | $0 | |
David Ewing Treasurer | 5 | $0 | |
Hugh Cantrell Director | 5 | $0 | |
David Cole Director | 5 | $0 | |
Martin Deschenes Director | 5 | $0 | |
David Grimmer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $560,412 |
| Dividends & Interest | $0 |
| 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 | $11,316 |
| Total Revenue | $571,728 |
| 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 | $7,100 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,812,112 |
| Savings and temporary cash investments | $0 |
| 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 | $11,812,112 |
| 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, Denso North America Foundation has awarded $1,728,900 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA TECH UNIVERSITY PURPOSE: TOP 50 SCHOOLS & DIVERSITY | $2,500 |
CLEVELAND STATE UNIVERSITY PURPOSE: RESEARCH | $100,000 |
IOWA STATE UNIVERSITY PURPOSE: TOP 50 SCHOOLS & DIVERSITY | $2,500 |
KETTERING UNIVERSITY PURPOSE: TOP 50 SCHOOLS & DIVERSITY | $2,500 |
LAKE MICHIGAN COMMUNITY COLLEGE PURPOSE: IMMEDIATE PRODUCTION/SKILLED | $28,900 |
LAWRENCE TECHNOLOGICAL UNIVERSITY PURPOSE: TOP 50 SCHOOLS & DIVERSITY | $2,500 |