David And Edith Emerman Foundation Inc
- Assets
- $52.8k
- Revenue
- $34.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 05/1962
- Data as of
- 12/2022
- EIN
- 38-6086967
Organization Overview
David And Edith Emerman Foundation Inc is located in Farmington Hills, MI. The organization was established in 1962. 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. David And Edith Emerman Foundation 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 12/2022, David And Edith Emerman Foundation Inc generated $34.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.2%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Schmerin President, Treasurer | 0 | $0 | |
David Schmerin Vice Pres. | 0 | $0 | |
Laurie Shulman Director | 0 | $0 | |
Nancy Castle Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $300 |
| Total operating and administrative expenses | $2,226 |
| Contributions, gifts, grants paid | $1,906 |
| Total expenses and disbursements | $4,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,790 |
| 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 | $52,790 |
| 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, David And Edith Emerman Foundation Inc has awarded $1,906 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN BINGHAM FARMS POLICE BENEVOLENT FUND PURPOSE: UNRESTRICTED CHARITABLE GIFT | $150 |
FRANKLIN COMMUNITY ASSOCIATION PURPOSE: UNRESTRICTED CHARITABLE GIFT | $50 |
KIDS WISH NETWORK PURPOSE: UNRESTRICTED CHARITABLE GIFT | $21 |
NATIONAL GLAUCOMA RESEARCH PURPOSE: UNRESTRICTED CHARITABLE GIFT | $150 |
ORCHARDS CHILDRENS SERVICES PURPOSE: UNRESTRICTED CHARITABLE GIFT | $500 |
WAYNE STATE UNIVERSITY PURPOSE: UNRESTRICTED CHARITABLE GIFT | $1,000 |