Kaufman Mayo Foundation
- Assets
- $594.5k
- Revenue
- $23.4k
- Investments
- $94.4k
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-1198805
Organization Overview
Kaufman Mayo Foundation is located in Birmingham, MI. The organization was established in 2004. 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. Kaufman Mayo 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, Kaufman Mayo Foundation generated $23.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $32.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kaufman Mayo Foundation has awarded 75 individual grants totaling $139,290. 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 |
|---|---|---|---|
Edward Kaufman Trustee | 2 | $0 | |
Lynne M Kaufman Trustee | 2 | $0 | |
Kelly Lance Trustee | 1 | $0 | |
Murry K Pierce Trustee | 5 | $4,617 | |
Meg Hartley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $23,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,617 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,915 |
| Contributions, gifts, grants paid | $25,600 |
| Total expenses and disbursements | $32,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,048 |
| 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 | $69,299 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $594,490 |
| 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, Kaufman Mayo Foundation has awarded $25,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CARE HOUSE OF OAKLAND COUNTY PURPOSE: GENERAL | $5,000 |
CHRISTIANA CARE PURPOSE: GENERAL | $1,000 |
COMMUNITY HELP IN PARK SLOPE INC PURPOSE: GENERAL | $3,000 |
INSTITUTE OF INTERNATIONAL EDUCATION PURPOSE: GENERAL | $1,000 |
LOW COUNTRY FOOD BANK PURPOSE: GENERAL | $2,000 |
MINISTRY OF CARING PURPOSE: GENERAL | $3,000 |