Charles J Strosacker Foundation
- Assets
- $58.7m
- Revenue
- $3.9m
- Investments
- $57.9m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1958
- Data as of
- 12/2020
- EIN
- 38-6062787
Organization Overview
Charles J Strosacker Foundation is located in Midland, MI. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles J Strosacker 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 12/2020, Charles J Strosacker Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. 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 |
|---|---|---|---|
Kimberlee K Baczewski Executive VP | 40 | $101,141 | |
Bobbie N Arnold Pres./ceo | 1.38 | $0 | |
David J Arnold Chairman | 0.35 | $0 | |
John N Bartos Trustee | 0.09 | $0 | |
James L Borin Treasurer | 0.69 | $0 | |
David H Dunn Trustee | 0.09 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,259 |
| Dividends & Interest | $1,578,183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,312,409 |
| Capital Gain Net Income | $2,312,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,366 |
| Total Revenue | $3,900,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,730 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,305 |
| Total operating and administrative expenses | $332,221 |
| Contributions, gifts, grants paid | $3,604,000 |
| Total expenses and disbursements | $3,936,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $793,388 |
| 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 | $430,738 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $58,657,768 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,268,262 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,632 |
| Total liabilities | $3,275,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |