Jerold & Ellen Minkin Family Foundation
- Assets
- $2.0m
- Revenue
- $116.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4362234
Organization Overview
Jerold & Ellen Minkin Family Foundation is located in Troy, MI. The organization was established in 2017. 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. Jerold & Ellen Minkin 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 12/2022, Jerold & Ellen Minkin Family Foundation generated $116.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $129.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jerold & Ellen Minkin Family Foundation has awarded 247 individual grants totaling $538,190. 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 |
|---|---|---|---|
Jerold R Minkin President | 0 | $0 | |
Ellen R Minkin Treasurer | 0 | $0 | |
Jodi L Spilman Director | 0 | $0 | |
Michael A Minkin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,396 |
| Dividends & Interest | $59,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,790 |
| Capital Gain Net Income | $52,790 |
| Net ST Capital Gain | $4,308 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203 |
| Total operating and administrative expenses | $20,863 |
| Contributions, gifts, grants paid | $108,684 |
| Total expenses and disbursements | $129,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,160 |
| 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 | $1,976,938 |
| 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, Jerold & Ellen Minkin Family Foundation has awarded $108,684 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: CHARITABLE | $2,000 |
AMERICAN TECHNION PURPOSE: CHARITABLE | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $778 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $10,000 |
CAMP GAN ISRAEL PURPOSE: CHARITABLE | $144 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $300 |