Loprete Family Foundation
- Assets
- $3.5m
- Revenue
- $154.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 09/2006
- Data as of
- 01/2022
- EIN
- 20-3641412
Organization Overview
Loprete Family Foundation is located in Bloomfield Hills, MI. The organization was established in 2006. 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. Loprete 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 01/2022, Loprete Family Foundation generated $154.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $534.2k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loprete Family Foundation has awarded 904 individual grants totaling $3,372,175. 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 |
|---|---|---|---|
James E Loprete Associate Trustee | 0 | $1,500 | |
Robert D Loprete Vice President | 1 | $1,500 | |
David P Germaine Associate Trustee | 0 | $1,500 | |
Lauren Loprete Associate Trustee | 0 | $500 | |
Mary M Lyneis Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $152,039 |
| 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 | $1,963 |
| Total Revenue | $154,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $75 |
| Printing and publications | $0 |
| Other expenses | $11,374 |
| Total operating and administrative expenses | $37,693 |
| Contributions, gifts, grants paid | $496,468 |
| Total expenses and disbursements | $534,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,360 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,488,479 |
| 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, Loprete Family Foundation has awarded $496,468 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH MERCY HOSPITAL OAKLAND PURPOSE: MEDICAL | $30,000 |
STEPPENWOLF THEATRE PURPOSE: ART | $25,000 |
JUDICIAL WATCH PURPOSE: EDUCATION | $20,000 |
ORCHARD LAKE COMMUNITY CHURCH PURPOSE: RELIGIOUS | $15,768 |
ALZHEIMER'S ASSN OF GREATER MI PURPOSE: MEDICAL RESEARCH | $15,500 |
Chicago, IL PURPOSE: ART | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |