Louis C Blumberg Foundation
- Assets
- $1.0m
- Revenue
- $115.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 06/1960
- Data as of
- 03/2022
- 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 03/2022, Louis C Blumberg Foundation generated $115.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $119.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis C Blumberg Foundation has awarded 30 individual grants totaling $741,000. 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 |
|---|---|---|---|
Robert Shahon Vice Preside | 1 | $0 | |
Lawrence S Jackier Secretary/tr | 10 | $0 | |
Julee Landau President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $82,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,813 |
| Capital Gain Net Income | $32,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,402 |
| Total operating and administrative expenses | $26,152 |
| Contributions, gifts, grants paid | $93,500 |
| Total expenses and disbursements | $119,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,705 |
| 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 | $1,042,666 |
| 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 $93,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BETH TEFILLAH SYNAGOGUE PURPOSE: CHARITABLE | $27,500 |
West Bloomfield, MI PURPOSE: CHARITABLE | $25,000 |
CONGREGATION SHAAREY ZEDEK PURPOSE: CHARITABLE | $25,000 |
TAMARACK CAMPS PURPOSE: CHARITABLE | $10,000 |
FRIENDSHIP CIRCLE PURPOSE: CHARITABLE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
569 Directions Credit Union Inc Toledo, OH | $1,165,662,447 | $46,146,625 |
Food Gatherers Ann Arbor, MI | $16,131,759 | $18,319,883 |
Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |
Lafayette-West Lafayette Development Corporation Lafayette, IN | $8,692,255 | $2,407,037 |
Groundwork Center For Resilient Communities Inc Traverse City, MI | $1,306,127 | $2,441,412 |