Alex Thoresen Legacy Foundation
- Assets
- $257.8k
- Revenue
- $121.5k
- Investments
- $103.7k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 83-0790644
Organization Overview
Alex Thoresen Legacy Foundation is located in Bloomfield Hills, 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. Alex Thoresen Legacy 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, Alex Thoresen Legacy Foundation generated $121.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.0% each year .
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $117,543 |
| Interest on Savings | $0 |
| Dividends & Interest | $625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81 |
| Capital Gain Net Income | $81 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,204 |
| Total Revenue | $121,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $214 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $12,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,048 |
| 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 | $257,775 |
| 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, Alex Thoresen Legacy Foundation has awarded $19,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: COMMUNITY OUT REACH | $5,000 |
CARE HOUSE PURPOSE: SAFE HAVEN FOR CHILDREN OF CHILD ABU | $5,000 |
Chicago, IL PURPOSE: EDUCATIONAL TUTORING BI LINGUAL | $2,500 |
Detroit, MI PURPOSE: HOUSING FOR OLDER FOSTER CHILDREN | $2,500 |
MI CENTER FOR CIVIC EDUCATION PURPOSE: EDUCATION FOR CIVIC INVOLVMENT | $2,500 |
BR RICE HIGH SCHOOL PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |
Lifelab Kids Foundation Ferndale, MI | $1,630,763 | $1,826,227 |
Group Plan Commission Cleveland, OH | $1,424,769 | $1,513,172 |
Porter Hills Foundation Grand Rapids, MI | $0 | $3,057,025 |