Michael F Mcmanus Foundation
- Assets
- $5.1m
- Revenue
- $314.2k
- Investments
- $4.9m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 38-6174305
Organization Overview
Michael F Mcmanus Foundation is located in Bloomfield Hills, MI. The organization was established in 1971. 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. Michael F Mcmanus 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 12/2023, Michael F Mcmanus Foundation generated $314.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $903.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael F Mcmanus Foundation has awarded 213 individual grants totaling $2,348,208. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca A Harahan President | 20 | $0 | |
Jrodney Guest Treasurer | 18 | $0 | |
Robert H Polzin Secretary | 5 | $0 | |
William Harahan Trustee | 1 | $0 | |
Diane Harahan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,105 |
| Capital Gain Net Income | $50,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $314,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,500 |
| Total operating and administrative expenses | $75,262 |
| Contributions, gifts, grants paid | $827,868 |
| Total expenses and disbursements | $903,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,767 |
| 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 | $4,851,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,068,343 |
| 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, Michael F Mcmanus Foundation has awarded $827,868 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS PLACE PURPOSE: FINANCIAL AID | $510,000 |
CARE NET PREGNANCY CENTER PURPOSE: FINANCIAL AID | $5,000 |
CHRIS CHILD SOCIETY PURPOSE: FINANCIAL AID | $10,000 |
DELTA GAMMA FOUNDATION PURPOSE: FINANCIAL AID | $2,500 |
DETROIT DOG RESCUE PURPOSE: FINANCIAL AID | $525 |
ETON ACADEMY PURPOSE: FINANCIAL AID | $5,000 |