George M And Jo Elyn Nyman Charitable Tr
- Assets
- $670.2k
- Revenue
- $258.2k
- Investments
- $629.3k
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 81-7061598
Organization Overview
George M And Jo Elyn Nyman Charitable Tr is located in Birmingham, MI. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. George M And Jo Elyn Nyman Charitable Tr 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, George M And Jo Elyn Nyman Charitable Tr generated $258.2k 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 (15.7%) each year. All expenses for the organization totaled $194.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, George M And Jo Elyn Nyman Charitable Tr has awarded 111 individual grants totaling $852,500. 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 |
|---|---|---|---|
George M Nyman Settlor And Trustee | 2 | $0 | |
Jo Elyn Nyman Settlor And Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $171,228 |
| Interest on Savings | $24 |
| Dividends & Interest | $86,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4 |
| Capital Gain Net Income | $4 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $258,244 |
| 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 | $2,900 |
| Contributions, gifts, grants paid | $191,700 |
| Total expenses and disbursements | $194,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,901 |
| 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 | $670,161 |
| 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, George M And Jo Elyn Nyman Charitable Tr has awarded $191,700 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN COMMUNICATIONS GROUP PURPOSE: MEDIA FOUNDATION FOR EDUCATIONAL FILMS, VIDEOS AND OTHER MEDIA | $25,000 |
CRANBROOK ART MUSEUM PURPOSE: ART MUSEUM | $1,000 |
ACLU FUND OF MICHIGAN PURPOSE: DEFENSE OF CIVIL LIBERTIES | $20,000 |
DETROIT CRIME COMMISSION PURPOSE: PUBLIC SAFETY | $10,000 |
DETROIT INSTITUTE OF ART PURPOSE: COMMUNITY ART MUSEUM | $29,200 |
DETROIT PUBLIC TELEVISION PURPOSE: PUBLIC TELEVISION | $2,500 |