Ralph L And Winifred E Polk Foundation
- Assets
- $13.3m
- Revenue
- $1.1m
- Investments
- $13.1m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 38-6080075
Organization Overview
Ralph L And Winifred E Polk Foundation is located in Birmingham, MI. The organization was established in 1964. 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. Ralph L And Winifred E Polk 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, Ralph L And Winifred E Polk Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 6 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 2015, Ralph L And Winifred E Polk Foundation has awarded 299 individual grants totaling $3,741,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Polk Osborne President/treasurer/truste | 1 | $0 | |
Julie A Polk Trustee | 0.5 | $0 | |
Susan P Scyphers Trustee | 0.5 | $0 | |
Stephen R Polk Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $452,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $635,782 |
| Capital Gain Net Income | $635,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,088,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $387,743 |
| Total operating and administrative expenses | $421,019 |
| Contributions, gifts, grants paid | $728,000 |
| Total expenses and disbursements | $1,149,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,605 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $71,148 |
| 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 | $2,292 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,132,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,255,081 |
| Accounts payable and accrued expenses | $19,595 |
| 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 | $19,595 |
Grants Awarded
Over the last fiscal year, Ralph L And Winifred E Polk Foundation has awarded $728,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY OPPORTUNITY CENTER PURPOSE: COMMUNITY SERVICES | $15,000 |
AUTOMOTIVE HALL OF FAME PURPOSE: GENERAL FUND | $10,000 |
BUILDING BEDS 4 KIDS PURPOSE: SERVICES FOR THE UNDERPRIVILEGED | $7,500 |
CHERRYLAND HUMANE SOCIETY PURPOSE: ANIMAL CARE AND SUPPORT | $10,000 |
CHARLES HWRIGHT MUSEUM-AFRICAN AMERHIST PURPOSE: PROMOTION OF THE ARTS | $10,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: HIGHER EDUCATION | $10,000 |