Daniel J Kobasic Foundation
- Assets
- $20.4m
- Revenue
- $7.9m
- Investments
- $19.4m
- Employees
- 0
- Location
- Escanaba, MI
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-1149474
Organization Overview
Daniel J Kobasic Foundation is located in Escanaba, MI. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Daniel J Kobasic 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, Daniel J Kobasic Foundation generated $7.9m in total revenue.
Since 2020, Daniel J Kobasic Foundation has awarded 37 individual grants totaling $1,381,547. 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 |
|---|---|---|---|
Krystal Kobasic Director | 2 | $6,907 | |
Claude A Kobasic Director | 0 | $0 | |
Arthur H Evans Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,231,330 |
| Interest on Savings | $0 |
| Dividends & Interest | $463,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,988 |
| Capital Gain Net Income | $159,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,855,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,907 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,734 |
| Total operating and administrative expenses | $33,998 |
| Contributions, gifts, grants paid | $851,639 |
| Total expenses and disbursements | $885,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,869 |
| Savings and temporary cash investments | $721,708 |
| 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 | $2,546,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,407,296 |
| 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, Daniel J Kobasic Foundation has awarded $851,639 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Escanaba, MI PURPOSE: SUPPORT FOR TEACHER SALARY INCREASES | $229,591 |
UNIVERSITY OF MICHIGAN PURPOSE: ENDOWMENT OF ENGINEERING SCHOLARSHIP | $190,000 |
Escanaba, MI PURPOSE: ASSISTANCE IN PAYING MORTGAGE | $130,000 |
BISHOP NOA HOME PURPOSE: EXPANSION OF NURSING HOME | $100,000 |
Manhattan Beach, CA PURPOSE: FUND CANCER RESEARCH | $40,000 |
Marquette, MI PURPOSE: ECONOMIC DEVELOPMENT RESEARCH | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lesea Global Feed The Hungry Inc South Bend, IN | $8,955,303 | $44,845,049 |
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Issachar Fund Grand Rapids, MI | $35,287,107 | $1,992,611 |
Charley Creek Foundation Inc Wabash, IN | $33,142,030 | $2,206,406 |
Lucy R Buechner Corp Youngstown, OH | $25,806,866 | $1,668,625 |
Here To Help Foundation Royal Oak, MI | $4,136,614 | $1,604,288 |
Stephen A Comunale Jr Charitable Foundation Akron, OH | $4,553,642 | $1,944,258 |
Daniel J Kobasic Foundation Escanaba, MI | $20,407,296 | $7,855,085 |