Henry Ford Village Foundation
- Assets
- $687.1k
- Revenue
- $258.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- Data as of
- 12/2016
- EIN
- 54-2159197
Organization Overview
Henry Ford Village Foundation is located in Dearborn, MI. Henry Ford Village 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 12/2016, Henry Ford Village Foundation generated $258.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $479.2k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE HENRY FORD VILLAGE FOUNDATION IS COMMITTED TO ENHANCING THE LIVES OF THE RESIDENTS AND STAFF OF HENRY FORD VILLAGE THROUGH FINANCIAL SUPPORT AND PHILANTHROPIC RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENEVOLENT CARE FUND PROVIDES CONFIDENTIAL ASSISTANCE FOR HENRY FORD VILLAGE, INC. RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES AND ARE NO LONGER ABLE TO PAY THEIR ENTIRE MONTHLY FEE. THERE WERE 850 HENRY FORD VILLAGE, INC. RESIDENTS SERVED DURING THE YEAR ENDING 12/31/2016, AND 10 RECEIVED BENEVOLENT ASSISTANCE DURING 2016.
THE SCHOLARSHIP FUND PROVIDES AWARDS TO HIGH-SCHOOL STUDENTS WHO ARE EMPLOYED BY HENRY FORD VILLAGE, INC. AND INTEND TO CONTINUE THEIR EDUCATION AFTER HIGH SCHOOL. AWARDS ARE MADE IN AMOUNTS UP TO $5,000. TWENTY-ONE STUDENTS RECEIVED THESE SCHOLARSHIPS IN 2016.
THE QUALITY OF RESIDENT LIFE FUND PROVIDES FUNDING FOR PROJECTS THAT DIRECTLY BENEFIT THE OVERALL QUALITY OF LIFE FOR HENRY FORD VILLAGE RESIDENTS. IT SUPPORTS AN ARRAY OF PROJECTS SUCH AS RENOVATIONS, REPAIRS, NEW EQUIPMENT, INNOVATIVE TECHNOLOGY, ENHANCED PROGRAMS, NEW SERVICES, OR OTHER HENRY FORD VILLAGE IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Karen Ross Member | Trustee | 4 | $0 |
Dr Walter Talamonti Member | Trustee | 4 | $0 |
Donald Jesmore Member | Trustee | 4 | $0 |
Curt Yun Member | Trustee | 4 | $0 |
Jacquelin Washington Member | Trustee | 4 | $0 |
Linda Hiveley Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,829 |
| Total Program Service Revenue | $0 |
| Investment income | $13,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $385,932 |
| Grants and other assistance to domestic individuals. | $82,375 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,852 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $479,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,766 |
| 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 | $623,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,121 |
| Accounts payable and accrued expenses | $2,295 |
| 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 | $893,952 |
| Total liabilities | $896,247 |
| Unrestricted restricted net Assets | -$209,126 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$209,126 |
Grants Awarded
Over the last fiscal year, Henry Ford Village Foundation has awarded $285,709 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HENRY FORD VILLAGE INC PURPOSE: FUNDING OF PROJECTS THAT DIRECTLY BENEFIT THE OVERALL QUALITY OF LIFE OF HENRY FORD VILLAGE RESIDENTS. | $11,915 |
HENRY FORD VILLAGE INC PURPOSE: ASSISTANCE WITH FEES REQUIRED TO MAINTAIN RESIDENCY WITH HENRY FORD VILLAGE, INC. | $273,794 |