Grekin Family Foundation
- Assets
- $1.0m
- Revenue
- $43.5k
- Investments
- $956.4k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 46-1615859
Organization Overview
Grekin Family Foundation is located in Bloomfield Hills, MI. The organization was established in 2013. 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. Grekin Family 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, Grekin Family Foundation generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Grekin Family Foundation has awarded 83 individual grants totaling $325,078. 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 |
|---|---|---|---|
Steven Grekin Pres, Secretary, Treasurer | 1 | $0 | |
Tara N Grekin Vice President, Trustee | 0.5 | $0 | |
Aaron H Sherbin Trustee | 0.2 | $0 | |
Lawrence Kohlenberg Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,005 |
| Interest on Savings | $4,413 |
| Dividends & Interest | $16,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,715 |
| Capital Gain Net Income | $19,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,520 |
| Total operating and administrative expenses | $11,924 |
| Contributions, gifts, grants paid | $42,804 |
| Total expenses and disbursements | $54,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,699 |
| 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 | $116,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,006,070 |
| 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, Grekin Family Foundation has awarded $42,804 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX'S SAINTS FOUNDATION PURPOSE: GENERAL CHARITABLE SUPPORT | $254 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION PURPOSE: GENERAL CHARITABLE SUPPORT | $2,500 |
DETRIOT SYMPHONY ORCHESTRA PURPOSE: GENERAL CHARITABLE SUPPORT | $500 |
CORAL RESTORATION FOUNDATION PURPOSE: GENERAL CHARITABLE SUPPORT | $2,500 |
FORGOTTEN HARVEST PURPOSE: GENERAL CHARITABLE SUPPORT | $1,000 |
GILDAS CLUB PURPOSE: GENERAL CHARITABLE SUPPORT | $1,500 |