Investment Professional For Charity Inc
- Assets
- $694.4k
- Revenue
- $226.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1816894
Organization Overview
Investment Professional For Charity Inc is located in Grosse Pointe Farms, MI. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Investment Professional For Charity 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, Investment Professional For Charity Inc generated $226.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $226.4k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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 2014, Investment Professional For Charity Inc has awarded 152 individual grants totaling $834,850. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hayden President | OfficerTrustee | 1 | $0 |
Paul Cavazos Vice President | OfficerTrustee | 1 | $0 |
Robert Manilla Secretary | OfficerTrustee | 1 | $0 |
Robert Burdick Treasurer | OfficerTrustee | 1 | $0 |
Ken Huddson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $421,233 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,913 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$240,619 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,129 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,906 |
| Advertising and promotion | $0 |
| Office expenses | $423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $656 |
| Total functional expenses | $226,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $694,397 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $694,397 |
| Total liabilities and net assets/fund balances | $694,397 |
Grants Awarded
Over the last fiscal year, Investment Professional For Charity Inc has awarded $103,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: SERVES AS AN ANCHOR FOR HOMELESSNESS AND SUBSTANCE ABUSE BY PROVIDING PROFESSIONAL AND COMPASSIONATE SUBSTANCE TREATMENT FOR HOMELESS MEN. | $30,000 |
RACQET UP DETROIT PURPOSE: OUT-OF-SCHOOL YOUTH DEVELOPMENT PROGRAM WHICH USES THE SPORT OF SQUASH TO MAKE A DIFFERENCE IN THE LIVES OF DETROIT YOUTH. | $6,000 |
CROSSROADS OF MICHIGAN PURPOSE: A SOCIAL SERVICE OUTREACH AGENCY TO HELP SUPPORT THE COMMUNITY BY PROVIDING EMERGENCY ASSISTANCE, ADVOCACY AND COUNSELING TO ANYONE IN NEED | $20,000 |
GRACE FARMS FOUNDATION PURPOSE: PROVIDE A WORLD-CLASS CLUB EXPERIENCE THAT ASSURES SUCCESS IS WITHIN REACH OF EVERY YOUNG PERSON WHO ENTERS OUR DOORS, WITH ALL MEMBERS ON TRACK TO GRADUATE FROM HIGH SCHOOL WITH A PLAN FOR THE FUTURE, DEMONSTRATING GOOD CHARACTER AND CITIZENSHIP, AND LIVING A HEALTHY LIFESTYLE. | $15,000 |
EVANS SCHOLAR PURPOSE: GENERAL SUPPORT | $10,000 |
AUTISM SPEAKS PURPOSE: GENERAL SUPPORT | $15,000 |