M James Gunberg Family Foundation
- Assets
- $9.0m
- Revenue
- $2.1m
- Investments
- $6.9m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 07/2014
- Data as of
- 11/2023
- 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 11/2023, M James Gunberg Family Foundation generated $2.1m in total revenue. All expenses for the organization totaled $59.5k during the year ending 11/2023. While expenses have increased by 2.0% per year over the past 7 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 26 individual grants totaling $1,633,000. 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 | |
Kathryn Clark Vice President | 2 | $0 | |
Jennifer Gunberg Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,172 |
| Interest on Savings | $4,830 |
| Dividends & Interest | $46,976 |
| 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 | $0 |
| Total Revenue | $2,051,978 |
| 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 | $648 |
| Total operating and administrative expenses | $4,458 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $59,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $2,071,107 |
| 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 | $8,962,117 |
| 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 |
FRIENDS OF FOUR STAR PURPOSE: FOUR STAR THEATRE CAPITAL CAMPAIGN | $5,000 |