Bishai Family Foundation
- Assets
- $349.4k
- Revenue
- $13.6k
- Investments
- $309.9k
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 48-1291534
Organization Overview
Bishai Family Foundation is located in Grosse Pointe Farms, MI. The organization was established in 2003. 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. Bishai 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, Bishai Family Foundation generated $13.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yousef B Bishai MD President / | 1 | $0 | |
Turid Eileen Bishai V.p./treas/ | 1 | $0 | |
Robert N Bishai Secretary/ D | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $4,068 |
| Dividends & Interest | $6,988 |
| 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 | $13,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $3,925 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,488 |
| 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 | $349,434 |
| 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, Bishai Family Foundation has awarded $16,240 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,160 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $1,160 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $1,160 |
AMERICAN KIDNEY FUND PURPOSE: GENERAL SUPPORT | $1,160 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,160 |
HUMANE SOCIETY OF THE US PURPOSE: GENERAL SUPPORT | $1,160 |