Vera And Joseph Dresner Foundationinc
- Assets
- $155.8m
- Revenue
- $2.4m
- Investments
- $152.6m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 06/2009
- Data as of
- 12/2020
- EIN
- 20-5838578
Organization Overview
Vera And Joseph Dresner Foundationinc is located in West Bloomfield, MI. The organization was established in 2009. 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. Vera And Joseph Dresner Foundationinc 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 12/2020, Vera And Joseph Dresner Foundationinc generated $2.4m 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 (45.1%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vera And Joseph Dresner Foundationinc has awarded 190 individual grants totaling $13,883,179. 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 |
|---|---|---|---|
Lori Dresner Director/pre | 40 | $362,500 | |
Kevin Furlong Director/cfo | 40 | $318,250 | |
Virginia Romano Executive Di | 40 | $189,760 | |
Gary Weisman Director/vp | 15 | $179,250 | |
Jeff Johnson Director Of | 40 | $122,940 | |
Mark S Cohn Director/sec | 15 | $119,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mikkael A Sekeres | 12/30/20 | $50,016 |
Cruden Bay Investment Mgmt Llc | 12/30/20 | $276,359 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,495 |
| Dividends & Interest | $1,823,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,446,354 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $677,902 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,026,129 |
| Total Revenue | $2,430,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $985,900 |
| Other employee salaries and wages | $306,382 |
| Pension plans, employee benefits | $305,657 |
| Interest | $0 |
| Taxes | $8,966 |
| Depreciation | $17,078 |
| Occupancy | $107,144 |
| Travel, conferences, and meetings | $20,341 |
| Printing and publications | $0 |
| Other expenses | $116,735 |
| Total operating and administrative expenses | $2,298,684 |
| Contributions, gifts, grants paid | $5,272,209 |
| Total expenses and disbursements | $7,570,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,407 |
| Savings and temporary cash investments | $2,226,245 |
| 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 | $1,424,049 |
| Investments—other | $58,171,604 |
| Net Land, buildings, and equipment | $58,712 |
| Other assets | $849,566 |
| Total assets | $155,819,550 |
| Accounts payable and accrued expenses | $5,638 |
| 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 | $5,638 |
Grants Awarded
Over the last fiscal year, Vera And Joseph Dresner Foundationinc has awarded $7,444,970 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT EMPLOYMENT SOLUTIONS CORP PURPOSE: YOUTH EMPLOYMENT PROGRAM | $484,348 |
Detroit, MI PURPOSE: PROGRAM SUPPORT | $432,000 |
Detroit, MI PURPOSE: PROGRAM SUPPORT | $307,000 |
THE CLEVELAND CLINIC FOUNDATION PURPOSE: RESEARCH GRANT | $250,000 |
YALE UNIVERSITY PURPOSE: RESEARCH GRANT | $250,000 |
YALE UNIVERSITY PURPOSE: RESEARCH GRANT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |