Federal Screw Works Foundation Inc
- Assets
- $53.1k
- Revenue
- $12.1k
- Investments
- $50.1k
- Employees
- 0
- Location
- Romulus, MI
- Founding
- 09/1953
- Data as of
- 06/2024
- EIN
- 38-6088208
Organization Overview
Federal Screw Works Foundation Inc is located in Romulus, MI. The organization was established in 1953. 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. Federal Screw Works 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 06/2024, Federal Screw Works Foundation Inc generated $12.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $9.8k during the year ending 06/2024. While expenses have increased by 5.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Zurschmiede Trustee | 1 | $0 | |
Jan Buckler Treasurer | 1 | $0 | |
Wade Plaskey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,038 |
| Capital Gain Net Income | $10,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $820 |
| Total operating and administrative expenses | $1,201 |
| Contributions, gifts, grants paid | $8,600 |
| Total expenses and disbursements | $9,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,971 |
| 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 | $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 | $53,077 |
| 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, Federal Screw Works Foundation Inc has awarded $8,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAPUCHIN SOUP KITCHEN PURPOSE: FOR FOOD AND CLOTHING PROGRAMS | $3,200 |
DETROIT INSTITUTE OF CHILDREN PURPOSE: HELPING DISABLED CHILDREN | $1,000 |
MACOMB COUNTY HABITAT FOR HUMANITY PURPOSE: HELP FOR LOW INCOME FAMILIES | $1,000 |
SALVATION ARMY JOAN CROC CENTER PURPOSE: FOR HOUSING AND HOMELESS SERVICES | $2,400 |
THE HEAT AND WARMTH FUND PURPOSE: HELP TO KEEP HEAT AND LIGHTS ON | $1,000 |