Louis C Blumberg Foundation
- Assets
- $1.0m
- Revenue
- $79.9k
- Investments
- $965.2k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 06/1960
- Data as of
- 03/2023
- EIN
- 38-6089255
Organization Overview
Louis C Blumberg Foundation is located in Bloomfield Hills, MI. The organization was established in 1960. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis C Blumberg 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 03/2023, Louis C Blumberg Foundation generated $79.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $119.6k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis C Blumberg Foundation has awarded 36 individual grants totaling $839,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence S Jackier Secretary/tr | 0 | $0 | |
Julee Landau Treasurer/tr | 0 | $0 | |
Robert Shahon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $225 |
| Dividends & Interest | $56,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,365 |
| Capital Gain Net Income | $23,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,200 |
| Total operating and administrative expenses | $21,601 |
| Contributions, gifts, grants paid | $98,000 |
| Total expenses and disbursements | $119,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,804 |
| 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 | $1,002,967 |
| 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, Louis C Blumberg Foundation has awarded $98,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT JEWISH NEWS FOUNDATION PURPOSE: CHARITABLE | $25,000 |
AMER JEWISH JOINT DIST COMMITTEE PURPOSE: CHARITABLE | $5,000 |
JEWISH AGENCY FOR ISRAEL N AMERICA PURPOSE: CHARITABLE | $11,000 |
JEWISH HOSPICE & CHAPLAINCY PURPOSE: CHARITABLE | $25,000 |
KIDS KICKING CANCER PURPOSE: CHARITABLE | $2,000 |
UNITED JEWISH FOUNDATION PURPOSE: CHARITABLE | $30,000 |