Nagy Family Charitable Foundation
- Assets
- $410.0k
- Revenue
- $13.4k
- Investments
- $310.9k
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 38-3568853
Organization Overview
Nagy Family Charitable Foundation is located in Plymouth, MI. The organization was established in 2001. 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. Nagy Family Charitable 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 12/2022, Nagy Family Charitable Foundation generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $26.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nagy Family Charitable Foundation has awarded 26 individual grants totaling $103,350. 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 |
|---|---|---|---|
Kathy S Nagy President | 0 | $0 | |
Kathy S Nagy Secretary | 0 | $0 | |
Kathy S Nagy Treasurer | 0 | $0 | |
Larry M Nagy Director | 0 | $0 | |
Michelle J Nagy Director | 0 | $0 | |
Kathy S Nagy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $8,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,071 |
| Capital Gain Net Income | $5,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,389 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $26,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,065 |
| 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 | $310,887 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $409,952 |
| 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, Nagy Family Charitable Foundation has awarded $25,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE ANN ARBOR ART CENTER PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $2,500 |
THE ONE CAUSE FOUNDATION PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $5,000 |
THE REFUGE CENTER PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $10,000 |
HUMANE SOCIETY OF HURON VALLEY PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $2,500 |
SOUTHWEST SOLUTIONS PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $2,000 |
KIDS KICKING CANCER PURPOSE: MONETARY SUPPORT FOR PURPOSE OF CHARITY | $2,000 |