Collver Family Foundation
- Assets
- $6.1m
- Revenue
- $2.0m
- Investments
- $5.4m
- Employees
- 0
- Location
- Battle Creek, MI
- Founding
- Data as of
- 12/2023
- EIN
- 87-2757560
Organization Overview
Collver Family Foundation is located in Battle Creek, MI. 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. Collver 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 12/2023, Collver Family Foundation generated $2.0m 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 (23.9%) each year. All expenses for the organization totaled $236.1k during the year ending 12/2023. 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 |
|---|---|---|---|
Gilbert Collver President/treasurer | 2 | $0 | |
Chad Collver VP / Secretary | 4 | $0 | |
Lila J Collver Director | 1 | $0 | |
Stacey L Hamlin Director | 1 | $0 | |
Kelly J Collver Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $914,967 |
| Interest on Savings | $21,075 |
| Dividends & Interest | $108,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $983,854 |
| Capital Gain Net Income | $983,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,028,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,815 |
| Contributions, gifts, grants paid | $216,250 |
| Total expenses and disbursements | $236,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,813 |
| 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 | $3 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,135,584 |
| Accounts payable and accrued expenses | $51,250 |
| 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 | $51,250 |
Grants Awarded
Over the last fiscal year, Collver Family Foundation has awarded $216,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MUSIC MOVES ME PURPOSE: GENERAL OPERATIONS | $15,000 |
AMERICAN HUEY HISTORY MUSEUM PURPOSE: GENERAL OPERATIONS | $3,250 |
CLIMAX SCOTTS COMM SCHOOL FND PURPOSE: SCHOOL SCHOLARSHIPS FUND | $150,000 |
WESTERN MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS FOR COLLEGE OF AVIATION FLIGHT SCIENCE PROGRAM | $48,000 |