Michael & Diane Takac Family Foundation
- Assets
- $377.6k
- Revenue
- $5.7k
- Investments
- $235.0k
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-0868870
Organization Overview
Michael & Diane Takac Family Foundation is located in Lake Oswego, OR. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Michael & Diane Takac 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, Michael & Diane Takac Family Foundation generated $5.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $28.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael & Diane Takac Family Foundation has awarded 127 individual grants totaling $118,750. 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 |
|---|---|---|---|
Diane Takac President | 1 | $0 | |
Michael Takac Vice President | 1 | $0 | |
Brooke Takac Buzzi Director | 1 | $0 | |
Jessica Takac Cronan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,713 |
| 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 | $5,713 |
| 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 | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,079 |
| Contributions, gifts, grants paid | $20,650 |
| Total expenses and disbursements | $28,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,655 |
| 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 | $377,636 |
| 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, Michael & Diane Takac Family Foundation has awarded $20,650 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COUNCIL ON EDUCATION PURPOSE: TO SUPPORT ACE IN ITS MISSION TO INFLUENCE HIGHER EDUCATION AND DEGREE-GRANTING INSTITUTIONS. | $2,500 |
ARVADA COMMUNITY FOOD BANK DBA COMMUNITY TABLE PURPOSE: TO SUPPORT THE ARVADA COMMUNITY FOOD BANK, WHICH PROVIDES ITS NEIGHBORS WITH FOOD AND RESOURCES TO FOSTER SELF-SUFFICIENCY AND ACHIEVE LONG TERM SUCCESS. | $300 |
BETHLEHEM INN PURPOSE: PROVIDING SUPPORT FOR A COMMUNITY-SUPPORTED EMERENCY SHELTER THAT PROVIDES A WARM, SAFE PLACE TO SLEEP, NOURSHING MEALS, AND CASE MANAGEMENT SERVICES FOR ADULTS AND CHILDREN EXPERIENCING HOMELESSNESS IN CENTRAL OREGON. THE PROGRAM PROVIDES SHELTHER, MEALS, CASE MANAGEMENT, ACCESS TO TRANSPORTATION AND WORK EXPERIENCE FOR ITS RESIDENTS. | $250 |
BUFFALO HOSPICE PURPOSE: TO ENRICH THE HOSPICE EXPERIENCE AND PROVIDE SUPPORT FOR PATIENTS AND THEIR CAREGIVERS. | $500 |
CROSSFIRE MINISTRIES PURPOSE: TO SUPPORT THE MISSION OF CROSSFIRE MINISTRIES, WHICH IS A CHRISTIAN FAITH-BASED, NON-PROFIT ORGANIZATION SEEKING TO PUT GOD'S LOVE INTO ACTION, DEDICATED TO OFFERING HOPE AND ENCOURAGEMENT FOR A CHANGED LIFE BY FURNISHING THE NECESSITIES OF DAILY LIVING TO THOSE IN NEED. | $300 |
DENVER HOSPICE PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO PROGRAMS THAT ASSIST THOSE WITH ADVANCED ILLNESSES WITH COMFORT, COMPASSION AND EXPERTISE. | $250 |