Daniel W Erdman Foundation Inc
- Assets
- $3.7m
- Revenue
- $833.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 39-2012234
Organization Overview
Daniel W Erdman Foundation Inc is located in Milwaukee, WI. The organization was established in 2002. 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. Daniel W Erdman 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, Daniel W Erdman Foundation Inc generated $833.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $307.8k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Daniel W Erdman Foundation Inc has awarded 43 individual grants totaling $704,500. 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 |
|---|---|---|---|
Daniel W Erdman Director | 1 | $0 | |
Deborah Erdman-Luder Director | 1 | $0 | |
Darrell W Behnke Director | 1 | $0 | |
Natalie Bock Erdman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $428,734 |
| Capital Gain Net Income | $428,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166 |
| Total Revenue | $833,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $54,303 |
| Contributions, gifts, grants paid | $253,500 |
| Total expenses and disbursements | $307,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,931 |
| Savings and temporary cash investments | $425,582 |
| 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 | $1,980,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,307 |
| Total assets | $3,731,617 |
| 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, Daniel W Erdman Foundation Inc has awarded $253,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR BLACK EXCELLENCE PURPOSE: GENERAL OPERATING | $25,000 |
BLACK BUSINESS HUB PURPOSE: GENERAL OPERATING | $25,000 |
CLEAN LAKES ALLIANCE PURPOSE: GENERAL OPERATING | $2,500 |
MADISON AREA FOOD PANTRY GARDENS PURPOSE: GENERAL OPERATING | $25,000 |
ONCE CITY SCHOOLS PURPOSE: GENERAL OPERATING | $100,000 |
ACCESS COMMUNITY HEALTH CENTERS PURPOSE: GENERAL OPERATING | $5,000 |