Create A Beginning Foundation
- Assets
- $346.0k
- Revenue
- $75.3k
- Investments
- $280.7k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 81-5411850
Organization Overview
Create A Beginning Foundation is located in Bloomfield Hills, MI. The organization was established in 2018. 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. Create A Beginning 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, Create A Beginning Foundation generated $75.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $15.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Palo President | 1 | $0 | |
Christina Ohar-Palo Secretary & Treasurer | 1 | $0 | |
Brian Izzo Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,553 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,725 |
| Capital Gain Net Income | $54,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,335 |
| 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 | $1,904 |
| Contributions, gifts, grants paid | $13,299 |
| Total expenses and disbursements | $15,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,320 |
| 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 | $346,013 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,625 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,625 |
Grants Awarded
Over the last fiscal year, Create A Beginning Foundation has awarded $13,299 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALL HANDS AND HEART PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $1,500 |
CRANBROOK EDUCATIONAL COMMUNITY PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $1,500 |
KOMEN FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $1,000 |
MICHIGAN RADIO DEVELOPMENT PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $750 |
MINNESOTA PUBLIC RADIO PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $750 |
NATIONWIDE CHILDREN'S FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THIS ORGANIZATION. | $549 |