Kellogg Company Twenty-Five Year Employees Fund Inc
- Assets
- $35.8m
- Revenue
- $345.3k
- Investments
- $34.0m
- Employees
- 0
- Location
- Battle Creek, MI
- Founding
- 08/1944
- Data as of
- 12/2023
- EIN
- 38-6039770
Organization Overview
Kellogg Company Twenty-Five Year Employees Fund Inc is located in Battle Creek, MI. The organization was established in 1944. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kellogg Company Twenty-Five Year Employees Fund Inc 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, Kellogg Company Twenty-Five Year Employees Fund Inc generated $345.3k 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 (28.2%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Bahner President | 1 | $0 | |
Tracy Joshua Vice Preside | 1 | $0 | |
Joel Vanderkooi Treasurer | 1 | $0 | |
Benjamin Schorr Secretary | 1 | $0 | |
Nader Salah Director | 1 | $0 | |
Adriana Bravo Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kellog Company | 12/30/20 | $299,200 |
Ann Gallagher | 12/30/20 | $72,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,112,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$865,395 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $345,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,911 |
| Depreciation | $0 |
| Occupancy | $121,907 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,020 |
| Total operating and administrative expenses | $721,663 |
| Contributions, gifts, grants paid | $6,429,996 |
| Total expenses and disbursements | $7,151,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,656,119 |
| 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 | $118,405 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $32,239,334 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,789,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $500,000 |
| 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 | $500,000 |
Grants Awarded
Over the last fiscal year, Kellogg Company Twenty-Five Year Employees Fund Inc has awarded $6,429,996 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: CHARITABLE | $3,429,996 |
SEE ATTACHED PURPOSE: CHARITABLE | $3,000,000 |