Maibach Family Foundation
- Assets
- $2.2m
- Revenue
- $57.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-3026511
Organization Overview
Maibach Family Foundation is located in Southfield, MI. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Maibach 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, Maibach Family Foundation generated $57.0k 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 (9.0%) each year. All expenses for the organization totaled $189.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Maibach Family Foundation has awarded 63 individual grants totaling $2,187,300. 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 |
|---|---|---|---|
Benjamin C Maibach III President | 0 | $0 | |
Barbara Maibach Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,573 |
| Dividends & Interest | $57,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,329 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,934 |
| Total operating and administrative expenses | $55,289 |
| Contributions, gifts, grants paid | $133,950 |
| Total expenses and disbursements | $189,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,959 |
| 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 | $2,233,518 |
| 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, Maibach Family Foundation has awarded $133,950 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
APOSTOLIC CHRISTIAN CHURCH PURPOSE: GENERAL FUND | $27,000 |
APOSTOLIC CHRISTIAN HARVESTCALL PURPOSE: GENERAL FUND | $1,000 |
ASHES TO GLORY FOUNDATION PURPOSE: GENERAL FUND | $2,000 |
BEAUMONT HEALTH FOUNDATION PURPOSE: ENDOWMENT FUND | $10,000 |
ENGINEERING SOCIETY OF DETROIT PURPOSE: GENERAL FUND | $1,000 |