Karen J Stuck Md Charitable Foundation
- Assets
- $1.0m
- Revenue
- $174.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Northville, MI
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 38-3571954
Organization Overview
Karen J Stuck Md Charitable Foundation is located in Northville, MI. The organization was established in 2002. 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. Karen J Stuck MD 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 12/2023, Karen J Stuck MD Charitable Foundation generated $174.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $58.2k during the year ending 12/2023. While expenses have increased by 5.3% 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.
Since 2015, Karen J Stuck MD Charitable Foundation has awarded 58 individual grants totaling $375,295. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter J Borda President/treasurer | 0 | $0 | |
Thomas Borda Director | 0 | $0 | |
Andrew Borda Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,206 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,241 |
| Capital Gain Net Income | $25,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,251 |
| Taxes | $341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42 |
| Total operating and administrative expenses | $6,234 |
| Contributions, gifts, grants paid | $52,006 |
| Total expenses and disbursements | $58,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,578 |
| 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 | $1,030,434 |
| Accounts payable and accrued expenses | $1,773 |
| 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 | $1,773 |
Grants Awarded
Over the last fiscal year, Karen J Stuck Md Charitable Foundation has awarded $52,006 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE GENERALS REDOUBT PURPOSE: PRESERVATION OF WASHINGTON AND LEE UNIVERSITY | $30,000 |
CHAD EDWARDS PURPOSE: SCHOLARSHIPS AND AWARDS | $12,000 |
ABIDING CHRIST LUTHERAN CHURCH PURPOSE: LOCAL BENEVOLENCE | $5,000 |
OTHER UNDER 5000 PURPOSE: VARIOUS | $5,006 |