E-B Foundation
- Assets
- $1.4m
- Revenue
- $112.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 38-3577561
Organization Overview
E-B Foundation is located in Birmingham, 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. E-B 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, E-B Foundation generated $112.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $161.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, E-B Foundation has awarded 98 individual grants totaling $616,250. 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 |
|---|---|---|---|
Mark Holley President/trustee | 6 | $12,000 | |
Helen M Fowler Secretary/treasurer/trustee | 1 | $0 | |
Guadalupe M Holley Vice President/trustee | 4 | $6,000 | |
Ana A Holley Trustee | 6 | $12,000 | |
Dylan Holley Trustee | 6 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,636 |
| Capital Gain Net Income | $64,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| 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 | $32 |
| Total operating and administrative expenses | $64,589 |
| Contributions, gifts, grants paid | $97,000 |
| Total expenses and disbursements | $161,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,090 |
| 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 | $1,117,451 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,374,766 |
| 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, E-B Foundation has awarded $97,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PORTAGE NORTHERN MEN'S BASKETBALL PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
USA INDOOR LACROSSE INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
TEN FE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
WINNING FUTURES PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BUCKETS OF RAIN PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |