Earl And Renee Ishbia Family Foundation
- Assets
- $4.3m
- Revenue
- $209.0k
- Investments
- $4.0m
- Employees
- 0
- Location
- Orchard Lake, MI
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 82-3217322
Organization Overview
Earl And Renee Ishbia Family Foundation is located in Orchard Lake, MI. The organization was established in 2019. 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. Earl And Renee Ishbia 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, Earl And Renee Ishbia Family Foundation generated $209.0k 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 (10.3%) each year. All expenses for the organization totaled $518.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Earl And Renee Ishbia Family Foundation has awarded 157 individual grants totaling $1,320,777. 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 |
|---|---|---|---|
Earl D Ishbia President/treasurer/direct | 0 | $0 | |
Renee H Ishbia Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,611 |
| Dividends & Interest | $108,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,619 |
| Capital Gain Net Income | $85,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $208,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276,651 |
| Total operating and administrative expenses | $284,845 |
| Contributions, gifts, grants paid | $233,306 |
| Total expenses and disbursements | $518,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,843 |
| Savings and temporary cash investments | $123,272 |
| 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 | $721,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,189 |
| Total assets | $4,331,918 |
| 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 | $86,604 |
| Other liabilities | $0 |
| Total liabilities | $86,604 |
Grants Awarded
Over the last fiscal year, Earl And Renee Ishbia Family Foundation has awarded $233,306 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: ALZHEIMERS RESEARCH AND SUPPORT | $3,006 |
BIRTHRIGHT ISRAEL PURPOSE: SENDING ELIGIBLE YOUNG JEWISH ADULTS ON AN EDUCATIONAL JOURNEY THROUGH THE JEWISH HOMELAND. | $2,500 |
AMERICAN CANCER SOCIETY PURPOSE: CANCER RESEARCH | $2,500 |
CAMP TAMARAC PURPOSE: ENRICHING JEWISH CAMPING EXPERIENCES FOR CHILDREN AND FAMILIES | $3,600 |
CENTER FOR JEWISH HISTORY PURPOSE: ILLUMINATING HISTORY, CULTURE AND HERITAGE OF JEWISH PERSONS | $10,000 |
CHM FOUNDATION PURPOSE: RESEARCH FOR CHOROIDEREMIA | $2,500 |