Opal Dancey Memorial Foundation
- Assets
- $158.5k
- Revenue
- $714.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 09/2001
- Data as of
- 10/2022
- EIN
- 38-6361282
Organization Overview
Opal Dancey Memorial Foundation is located in Southfield, MI. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Opal Dancey Memorial 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 10/2022, Opal Dancey Memorial Foundation generated $714.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $2.1m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Opal Dancey Memorial Foundation has awarded 123 individual grants totaling $2,684,000. 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 |
|---|---|---|---|
Sandra K Campbell Treasurer & Director | 0.25 | $0 | |
Kathleen M Godard Director | 0.25 | $0 | |
Betty Dancey Godard Chairman Of The Board | 0.25 | $0 | |
Rev Jeffrey P Rider Secretary & Director | 0.25 | $0 | |
David Dudas Vice President & Director | 0.25 | $0 | |
Susan Dudas Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $674,283 |
| Capital Gain Net Income | $674,283 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $714,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,458 |
| Contributions, gifts, grants paid | $2,065,000 |
| Total expenses and disbursements | $2,099,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $158,480 |
| 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 | $158,480 |
| 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, Opal Dancey Memorial Foundation has awarded $2,065,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: GENERAL FUND | $378,000 |
TUNNELS TO TOWERS PURPOSE: HOME PROGRAMS | $345,000 |
ALICE LLOYD COLLEGE PURPOSE: THE CANNEY COTTAGE SCHOLARSHIP FUND OR WHEREVER NEEDED MOST | $336,000 |
HILLSDALE COLLEGE PURPOSE: SHOOTING SPORTS ENDOWMENT; RANSON & FREDRICK DOUGLASS SCHOLARSHIP FUND | $303,000 |
FOLDS OF HONOR PURPOSE: CHILDREN'S FUND & HIGHER EDUCATION SCHOLARSHIPS | $284,000 |
WESTERN RESERVE MASONIC COMMUNITY PURPOSE: GENERAL FUND | $254,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |