Glenn Family Foundation
- Assets
- $260.3k
- Revenue
- $23.4k
- Investments
- $242.1k
- Employees
- 0
- Location
- Pierson, MI
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 84-1569913
Organization Overview
Glenn Family Foundation is located in Pierson, MI. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Glenn 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, Glenn Family Foundation generated $23.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $30.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Glenn Family Foundation has awarded 27 individual grants totaling $156,950. 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 |
|---|---|---|---|
Michael B Glenn President/director | 1 | $0 | |
Glenda G Glenn Secretary/director | 1 | $0 | |
Michael S Glenn Director | 1 | $0 | |
Lindsey A Glenn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,882 |
| Capital Gain Net Income | $19,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,067 |
| Total operating and administrative expenses | $2,088 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $30,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,174 |
| 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 | $260,276 |
| 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, Glenn Family Foundation has awarded $28,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DESERT SCHOLARSHIP FOUNDATION PURPOSE: ARNOLD PALMER EDUCATION FUND | $13,000 |
JULI INKSTER FOUNDATION PURPOSE: INKSTER AWARD | $10,000 |
GREATER GOOD CHARITIES PURPOSE: GENERAL OPERATIONS | $5,000 |