Ferndale Community Foundation
- Assets
- $264.3k
- Revenue
- $228.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ferndale, MI
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 61-1422011
Organization Overview
Ferndale Community Foundation is located in Ferndale, MI. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community 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. Ferndale Community 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 12/2022, Ferndale Community Foundation generated $228.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $175.1k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Daniel Martin Chair | 40 | $0 | |
Judy Palmer Vice Chair | 15 | $0 | |
Gregory Pawlica Treasurer | 50 | $0 | |
Anatoly Ashkenazi Member | 15 | $0 | |
Jeannie Davis Member | 15 | $0 | |
Joseph Gacioch Member | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $228,249 |
| Interest on Savings | $280 |
| Dividends & Interest | $0 |
| 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 | $228,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,521 |
| Other expenses | $160,601 |
| Total operating and administrative expenses | $165,122 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $175,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,280 |
| Savings and temporary cash investments | $0 |
| 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 | $264,280 |
| 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, Ferndale Community Foundation has awarded $10,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AFFIRMATIONS LGBTQ COMMUNITY CENTER PURPOSE: CHARITABLE | $4,000 |
ACCESS FERNDALE PURPOSE: CHARITABLE | $750 |
GENDER IDENTITY NETWORK PURPOSE: CHARITABLE | $1,500 |
MATRIX HUMAN SERVICES PURPOSE: CHARITABLE | $750 |
TRANSGENDER DETROIT PURPOSE: CHARITABLE | $1,500 |
TRANSGENDER MICHIGAN PURPOSE: CHARITABLE | $1,500 |