Thomas M And Marilyn J De Witt Norman Family Foundation
- Assets
- $720.3k
- Revenue
- $94.7k
- Investments
- $569.9k
- Employees
- 0
- Location
- Plainwell, MI
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-2599832
Organization Overview
Thomas M And Marilyn J De Witt Norman Family Foundation is located in Plainwell, MI. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas M And Marilyn J DE Witt Norman 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, Thomas M And Marilyn J DE Witt Norman Family Foundation generated $94.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $106.5k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 5 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 2019, Thomas M And Marilyn J DE Witt Norman Family Foundation has awarded 73 individual grants totaling $501,750. 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 |
|---|---|---|---|
Thomas M Norman Vice - President | 0 | $0 | |
Marilyn J Norman President | 0 | $0 | |
Julie R Grimes Treasurer/secretary | 0 | $0 | |
Michael Norman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,200 |
| Interest on Savings | $405 |
| Dividends & Interest | $3,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,725 |
| Capital Gain Net Income | $90,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,459 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $106,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,426 |
| 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 | $720,292 |
| 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, Thomas M And Marilyn J De Witt Norman Family Foundation has awarded $105,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ASJ PURPOSE: OPERATION | $10,000 |
CAMP GENEVA PURPOSE: ANNUAL CAMPAIGN | $1,000 |
CRAN HILL RANCH PURPOSE: OPERATIONS | $1,000 |
GRAND VALLEY STATE UNIVERSITY CAMPUS MINISTRIES PURPOSE: OPERATIONS | $1,000 |
HOLLAND ZEELAND COMM FOUNDATION PURPOSE: COMMUNITY ENDOWMENT | $1,000 |
HOPE COLLEGE PURPOSE: HOPE FUND | $5,000 |