Edwin And Jeanette May Foundation
- Assets
- $18.3m
- Revenue
- $3.5m
- Investments
- $17.3m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 65-0501566
Organization Overview
Edwin And Jeanette May Foundation is located in Birmingham, MI. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edwin And Jeanette May 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, Edwin And Jeanette May Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $912.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edwin And Jeanette May Foundation has awarded 24 individual grants totaling $2,683,600. 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 |
|---|---|---|---|
Dianne L May Trustee | 5 | $0 | |
Brian S May Trustee | 5 | $0 | |
Christine Hutchison Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,948,140 |
| Interest on Savings | $12,097 |
| Dividends & Interest | $529,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,667 |
| Capital Gain Net Income | $51,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $3,541,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,016 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $117,735 |
| Contributions, gifts, grants paid | $795,000 |
| Total expenses and disbursements | $912,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996,222 |
| 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 | $18,324,697 |
| 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, Edwin And Jeanette May Foundation has awarded $795,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CANINES FOR SERVICE PURPOSE: CHARITABLE ACTIVITIES | $200,000 |
FIRST THINGS FOUNDATION INC PURPOSE: CHARITABLE ACTIVITIES | $100,000 |
WINGS OF SHELTER INTERNATIONAL PURPOSE: CHARITABLE ACTIVITIES | $85,000 |
SOAR PURPOSE: CHARITABLE ACTIVITIES | $40,000 |
HOPE AGAINST TRAFFICKING PURPOSE: CHARITABLE ACTIVITIES | $108,000 |
LEES-MCRAE COLLEGE PURPOSE: CHARITABLE ACTIVITIES | $22,000 |