M James Gunberg Family Foundation
- Assets
- $7.0m
- Revenue
- $46.3k
- Investments
- $6.9m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 07/2014
- Data as of
- 11/2022
- EIN
- 46-3947150
Organization Overview
M James Gunberg Family Foundation is located in Ada, MI. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M James Gunberg 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 11/2022, M James Gunberg Family Foundation generated $46.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $61.4k during the year ending 11/2022. While expenses have increased by 2.9% per year over the past 6 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 2015, M James Gunberg Family Foundation has awarded 28 individual grants totaling $1,753,000. 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 |
|---|---|---|---|
M James Gunberg President And Treasurer | 5 | $0 | |
Sarah Gunberg Secretary | 2 | $0 | |
Amanda Gunberg Vice President | 2 | $0 | |
Jennifer Gunberg Vice President | 2 | $0 | |
Kathryn Clark Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,177 |
| Dividends & Interest | $44,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $676 |
| Total Revenue | $46,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $180 |
| Total operating and administrative expenses | $6,400 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $61,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $78,587 |
| 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 | $6,969,597 |
| 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, M James Gunberg Family Foundation has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF SOUTH FLORIDA MUMA COLLEGE OF BUSINESS PURPOSE: COB EXECUTIVE BULLS | $50,000 |
Caledonia, MI PURPOSE: FOUR STAR THEATRE CAPITAL CAMPAIGN | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |
Alliance Community Schools Inc Dayton, OH | $2,196,262 | $6,414,023 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Dugger Union Community Schools Dugger, IN | $4,720,303 | $6,347,033 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
907 Associated School Employees Credit Union Inc Youngstown, OH | $175,293,632 | $5,241,906 |
Duneland Charter School Incorporated Porter, IN | $8,159,001 | $4,448,249 |