Frederick S Upton Foundation
- Assets
- $28.9m
- Revenue
- $1.2m
- Investments
- $28.0m
- Employees
- 0
- Location
- St Joseph, MI
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-2579330
Organization Overview
Frederick S Upton Foundation is located in St Joseph, MI. The organization was established in 2020. 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. Frederick S Upton 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, Frederick S Upton Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Upton President | 1 | $0 | |
Carrie Vill Vice President | 1 | $0 | |
Thomas Fowler Treasurer | 1 | $0 | |
Katie Mcclendon Secretary | 1 | $0 | |
Charley Upton Member | 1 | $0 | |
Ben Upton Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,395 |
| Dividends & Interest | $1,117,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,740 |
| Capital Gain Net Income | $76,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,196,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $492,395 |
| Contributions, gifts, grants paid | $2,460,646 |
| Total expenses and disbursements | $2,953,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,680 |
| Savings and temporary cash investments | $23 |
| 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 | $117,133 |
| Investments—other | $971,734 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,911,130 |
| 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 |