Frankenmuth Insurance Foundation
- Assets
- $4.6m
- Revenue
- $699.6k
- Investments
- $4.4m
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 03/2018
- Data as of
- 12/2021
- 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 12/2021, Frankenmuth Insurance Foundation generated $699.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $292.8k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frankenmuth Insurance Foundation has awarded 116 individual grants totaling $444,000. 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 |
|---|---|---|---|
Susannah W Biskupski Secretary | 1 | $0 | |
John S Benson Chairman; Director | 0.5 | $0 | |
David A Pendleton Director - Thru 9/2/21 | 0.5 | $0 | |
Drew R Zehnder Director - Thru 9/2/21 | 0.5 | $0 | |
Andrew H Knudsen President/vp, Educational Eff 9/3/21 | 1 | $0 | |
Timothy S Donnellon Vp, Scholarship - Eff 9/3/21 | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $241,422 |
| Capital Gain Net Income | $241,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $699,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,842 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,811 |
| Total operating and administrative expenses | $65,033 |
| Contributions, gifts, grants paid | $227,750 |
| Total expenses and disbursements | $292,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,095 |
| 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 | $1,641,521 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,632,160 |
| 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 $227,750 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Saginaw, MI PURPOSE: COMMUNITY SUPPORT | $30,000 |
Saginaw, MI PURPOSE: COMMUNITY SUPPORT | $25,000 |
Saginaw, MI PURPOSE: COMMUNITY SUPPORT | $25,000 |
FILM NORTH PURPOSE: COMMUNITY SUPPORT | $12,500 |
FILM NORTH PURPOSE: COMMUNITY SUPPORT | $12,500 |
AMERICAN RED CROSS PURPOSE: COMMUNITY SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frankenmuth Insurance Foundation has recieved totaling $2,021,868.
| Awarding Organization | Amount |
|---|---|
The Frankenmuth Community Foundation Inc Frankenmuth, MI PURPOSE: TRANSFER | $2,021,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |