Charles M Bauervic Foundation Inc
- Assets
- $1.7m
- Revenue
- $53.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Suttons Bay, MI
- Founding
- 01/1968
- Data as of
- 12/2022
- EIN
- 38-6146352
Organization Overview
Charles M Bauervic Foundation Inc is located in Suttons Bay, MI. The organization was established in 1968. 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. Charles M Bauervic 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, Charles M Bauervic Foundation Inc generated $53.0k 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 (10.1%) each year. All expenses for the organization totaled $225.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Charles M Bauervic Foundation Inc has awarded 92 individual grants totaling $315,000. 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 |
|---|---|---|---|
Patricia Leonard President | 32 | $94,800 | |
Beverly D Sewell Vice President | 1 | $595 | |
Theodore Leonard Treasurer | 5 | $7,095 | |
Kathryn R Bolton Secretary | 8 | $12,095 | |
John C Leonard Director | 1 | $595 | |
Timothy J Leonard Director | 1 | $595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,107 |
| Capital Gain Net Income | $5,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,775 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,396 |
| Interest | $0 |
| Taxes | $1,601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,862 |
| Printing and publications | $0 |
| Other expenses | $12,213 |
| Total operating and administrative expenses | $146,377 |
| Contributions, gifts, grants paid | $79,000 |
| Total expenses and disbursements | $225,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,522 |
| Savings and temporary cash investments | $37,140 |
| 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 | $924,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,689,615 |
| 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, Charles M Bauervic Foundation Inc has awarded $79,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION FOR PRO-LIFE OBSTETRICIANS AND GYNECOLOGISTS PURPOSE: UNDERGRADUATE STUDENT CONFERENCE SUPPORT | $500 |
CAMP QUALITY MICHIGAN PURPOSE: CRAFT SUPPLIES FOR CAMPERS | $1,000 |
AMERICAN OPINION FOUNDATION (FREEDOMPROJECT ACADEMY - FPA) PURPOSE: EXPANSION OF ANYTIME ACADEMY PROGRAM | $3,000 |
CEDAR CLASSICAL ACADEMY PURPOSE: DESKS FOR HIGH SCHOOL CLASSROOM | $1,000 |
CHRISTENDOM COLLEGE PURPOSE: EDUCATIONAL OUTREACH PUBLICATION | $5,000 |
HILLSDALE COLLEGE ACADEMY PURPOSE: BOOKS & EQUIPMENT FOR CLASSROOMS | $12,500 |