Deseranno Foundation
- Assets
- $719.4k
- Revenue
- $51.3k
- Investments
- $693.3k
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 38-3577897
Organization Overview
Deseranno Foundation is located in Grosse Pointe Farms, MI. The organization was established in 2007. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Deseranno 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, Deseranno Foundation generated $51.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $65.5k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 5 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 2020, Deseranno Foundation has awarded 63 individual grants totaling $273,500. 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 |
|---|---|---|---|
Don Joseph Deseranno President | 5 | $0 | |
Aline A Ermanni Vice-President | 5 | $0 | |
Susan D Rahaim Vice-President | 5 | $0 | |
Celia E Wade Treasurer | 5 | $0 | |
Maria D Quint Secretary | 5 | $0 | |
Dante Deseranno Vice-President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $25,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,251 |
| Capital Gain Net Income | $26,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,346 |
| 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 | $0 |
| Contributions, gifts, grants paid | $65,500 |
| Total expenses and disbursements | $65,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,028 |
| 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 | $693,344 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $719,372 |
| 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 | $4,000 |
| Total liabilities | $4,000 |
Grants Awarded
Over the last fiscal year, Deseranno Foundation has awarded $65,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Grosse Pointe Farms, MI PURPOSE: EDUCATION | $14,000 |
HOLY YOGA DETROIT PURPOSE: HEALTH | $10,000 |
REACH HOMESCHOOL DRAMA PURPOSE: EDUCATION | $10,000 |
EASTSIDE YOUTH SOPRTS FDN PURPOSE: YOUTH SPORTS | $8,000 |
Grosse Pointe Woods, MI PURPOSE: EDUCATION | $5,000 |
Grosse Pointe Woods, MI PURPOSE: PUBLIC HEALTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
William T And Frances A Little Foundation Kalamazoo, MI | $11,702,405 | $13,614,004 |
Iba Foundation Inc Indianapolis, IN | $12,440,961 | $2,236,680 |
Ashland Legacy Tr Ashland, OH | $4,120,436 | $0 |
Northeastern Wisconsin Area Health Education Center Inc Manitowoc, WI | $935,274 | $1,545,706 |
Transformation Trust Inc Indianapolis, IN | $23,182,828 | $1,253,752 |