Thomas R And Iris B Harrison Foundation Inc
- Assets
- $2.4m
- Revenue
- $81.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-3864368
Organization Overview
Thomas R And Iris B Harrison Foundation Inc is located in Troy, MI. The organization was established in 2015. 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. Thomas R And Iris B Harrison Foundation 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 12/2023, Thomas R And Iris B Harrison Foundation Inc generated $81.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $167.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Thomas R And Iris B Harrison Foundation Inc has awarded 121 individual grants totaling $757,830. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Bruss Director | 0.5 | $5,000 | |
Mary Ann Zurek Director | 0.5 | $5,000 | |
Mark Zurek President | 4 | $18,000 | |
Judy Stewart Director | 0.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205 |
| Dividends & Interest | $63,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,519 |
| Capital Gain Net Income | $18,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $73,464 |
| Contributions, gifts, grants paid | $94,300 |
| Total expenses and disbursements | $167,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,061 |
| Savings and temporary cash investments | $45,545 |
| 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 | $2,378,850 |
| 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 R And Iris B Harrison Foundation Inc has awarded $94,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LEADER DOGS FOR THE BLIND PURPOSE: EMPOWERING VISUALLY IMPAIRED PEOPLE WITH SKILLS FOR LIVING AND TRAVELING | $5,000 |
OLD NEWSBOYS GOODFELLOW FUND PURPOSE: HOLIDAY PACKAGES. SHOE, DENTAL AND CAMPERSHIP PROGRAMS FOR CHILDREN | $3,500 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: STRIVING FOR ACADEMIC EXCELLENCE BY SCHOLARLY ACTIVITIES | $17,500 |
AMERICAN CANCER SOCIETY PURPOSE: CRITICAL RESEARCH ON CANCER TO HELP SAVE LIVES | $14,000 |
MEADOWBROOK CENTER FOR LEARNING DIFFERENCES PURPOSE: WORK WITH STUDENTS WHO REQUIRE EXTRA HELP TO SUCCEED IN SCHOOL | $7,000 |
BLOOMFIELD TWP POLICE BENEVOLENT ASSOC PURPOSE: SUPPORT PUBLIC SAFETY PERSONNEL AND FAMILIES DURING TIMES OF NEED | $11,000 |