Edward E Maccrone Tr Bbb Nect
- Assets
- $1.2m
- Revenue
- $78.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 38-6043730
Organization Overview
Edward E Maccrone Tr Bbb Nect is located in Detroit, MI. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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.
For the year ending 12/2021, Edward E Maccrone Tr Bbb Nect generated $78.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $93.0k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 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 2016, Edward E Maccrone Tr Bbb Nect has awarded 54 individual grants totaling $474,069. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,297 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,024 |
| Capital Gain Net Income | $29,024 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,667 |
| Total Revenue | $77,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,124 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,976 |
| Contributions, gifts, grants paid | $67,000 |
| Total expenses and disbursements | $92,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,036 |
| 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 | $1,218,935 |
| 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, Edward E Maccrone Tr Bbb Nect has awarded $67,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE UNIVERSITY PURPOSE: SUPPORT OF DAILY OPERATIONS | $13,400 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT OF DAILY OPERATIONS | $6,700 |
Detroit, MI PURPOSE: SUPPORT OF DAILY OPERATIONS | $6,700 |
Detroit, MI PURPOSE: SUPPORT OF DAILY OPERATIONS | $6,700 |
PRINCETON UNIVERSITY PURPOSE: FOR THE DAVID M CALPIN FUND | $6,700 |
Boston, MA PURPOSE: SUPPORT OF DAILY OPERATIONS | $6,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |
Elma M Lapp Foundation Cincinnati, OH | $48,551,204 | $2,777,654 |
James And Angela Hambrick Foundation Beachwood, OH | $47,675,714 | $9,104,486 |