Frankenmuth Insurance Foundation
- Assets
- $4.8m
- Revenue
- $410.3k
- Investments
- $4.7m
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-4383153
Organization Overview
Frankenmuth Insurance Foundation is located in Frankenmuth, 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. Frankenmuth Insurance 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, Frankenmuth Insurance Foundation generated $410.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $264.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frankenmuth Insurance Foundation has awarded 176 individual grants totaling $638,190. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Benson Chairman; Director | 0.5 | $0 | |
Andrew H Knudsen President/vp, Educational | 0.5 | $0 | |
Phillip J Mccain Vp, Charitable | 1 | $0 | |
Timothy S Donnellon Vp, Scholarship | 1 | $0 | |
Susannah W Biskupski Secretary | 1 | $0 | |
John D Rosilier Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,802 |
| Capital Gain Net Income | $90,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $410,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,487 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,661 |
| Total operating and administrative expenses | $70,192 |
| Contributions, gifts, grants paid | $194,190 |
| Total expenses and disbursements | $264,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,234 |
| 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 | $1,804,648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,777,861 |
| 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, Frankenmuth Insurance Foundation has awarded $194,190 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HEALTHCARE FOUNDATION PURPOSE: COMMUNITY SUPPORT | $25,000 |
BOYS AND GIRLS CLUB OF CHATTANOOGA PURPOSE: COMMUNITY SUPPORT | $1,000 |
CHRISTINE ANN DOMESTIC ABUSE SERVICE INC PURPOSE: COMMUNITY SUPPORT | $3,000 |
BOYS AND GIRLS CLUB OF MANCHESTER NEW HAMPSHIRE PURPOSE: COMMUNITY SUPPORT | $1,500 |
FEEDING AMERICA PURPOSE: COMMUNITY SUPPORT | $4,440 |
YPSILANTI MEALS ON WHEELS PURPOSE: COMMUNITY SUPPORT | $5,000 |