Barry H Tigay Family Foundation
- Assets
- $203.3k
- Revenue
- $27.4k
- Investments
- $225.2k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-2771517
Organization Overview
Barry H Tigay Family Foundation is located in Bloomfield Hills, MI. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry H Tigay 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, Barry H Tigay Family Foundation generated $27.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $69.6k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 5 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.
Since 2020, Barry H Tigay Family Foundation has awarded 156 individual grants totaling $327,416. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITIES
RELIGIOUS AND HUMANITARIAN
CULTURAL ACTIVITIES
MEDICAL RESEARCH
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74 |
| Dividends & Interest | $8,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,745 |
| Capital Gain Net Income | $15,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,350 |
| Total Revenue | $27,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,438 |
| Total operating and administrative expenses | $13,025 |
| Contributions, gifts, grants paid | $56,610 |
| Total expenses and disbursements | $69,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$21,937 |
| 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 | $203,301 |
| 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, Barry H Tigay Family Foundation has awarded $56,610 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ADAT SHALOM PURPOSE: RELIGIOUS | $3,160 |
AMERICAN FRIENDS OF ARIEL PURPOSE: EDUCATIONAL | $1,000 |
AMERICAN FRIENDS OF IDC PURPOSE: EDUCATIONAL | $25,000 |
AMER FRIENDS OF ISRAEL PHILHARMONIC PURPOSE: CULTURAL | $100 |
BERNIE'S BOOK BANK PURPOSE: EDUCATIONAL | $250 |
BIRTHRIGHT ISRAEL PURPOSE: CULTURAL | $250 |