41 Washington St Foundation
- Assets
- $2.4m
- Revenue
- $88.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Grand Haven, MI
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 61-1438980
Organization Overview
41 Washington St Foundation is located in Grand Haven, MI. The organization was established in 2003. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 41 Washington St 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 12/2021, 41 Washington St Foundation generated $88.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $126.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, 41 Washington St Foundation has awarded 86 individual grants totaling $649,550. 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 |
|---|---|---|---|
James Hovinga Director | 1 | $0 | |
Sue Boschma Pres, Treas | 1 | $0 | |
Debra Hovinga Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,387 |
| Dividends & Interest | $68,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,168 |
| Capital Gain Net Income | $17,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,417 |
| Total Revenue | $88,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $126 |
| Taxes | $1,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,931 |
| Total operating and administrative expenses | $25,752 |
| Contributions, gifts, grants paid | $100,550 |
| Total expenses and disbursements | $126,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627 |
| Savings and temporary cash investments | $34,606 |
| 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 | $2,355,636 |
| 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, 41 Washington St Foundation has awarded $100,550 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GUIDING LIGHT MINISTRIES PURPOSE: COMMUNITY SERVICES | $10,000 |
HOLLAND RESCUE MISSION PURPOSE: HOMELESS SHELTER | $10,000 |
Grand Rapids, MI PURPOSE: GENERAL FUND | $10,000 |
Grand Rapids, MI PURPOSE: HOMELESS SHELTER | $10,000 |
MUSKEGON RESCUE MISSION PURPOSE: HOMELESS SHELTER | $10,000 |
LOVE IN ACTION PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advent House Ministries Inc Lansing, MI | $1,296,917 | $17,350,571 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Mel Trotter Ministries Grand Rapids, MI | $13,737,280 | $17,550,593 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
Interim Pastor Ministries Inc Orleans, MI | $699,514 | $5,433,287 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Cleveland Christian Home Inc Cleveland, OH | $9,204,950 | $4,752,818 |
St Luke Lutheran Community Portage Lakes North Canton, OH | $4,808,544 | $3,061,019 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Reaching Above Hopelessness And Brokenness Ministries Inc Canton, OH | $2,291,437 | $3,403,692 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |