Fred A And Barbara M Erb Family Foundation
- Assets
- $329.5m
- Revenue
- $16.1m
- Investments
- $321.5m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 20-5966333
Organization Overview
Fred A And Barbara M Erb Family Foundation is located in Birmingham, MI. The organization was established in 2007. 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. Fred A And Barbara M Erb 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 06/2022, Fred A And Barbara M Erb Family Foundation generated $16.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $22.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred A And Barbara M Erb Family Foundation has awarded 549 individual grants totaling $57,566,364. 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 |
|---|---|---|---|
Neil Hawkins President / COO / Trustee | 40 | $371,937 | |
John M Erb Chair / CEO / Trustee | 40 | $226,000 | |
Melissa Damaschke Vice President | 40 | $166,500 | |
Deborah D Erb Trustee | 0.2 | $0 | |
Leslie Erb Liedtke Trustee | 0.2 | $0 | |
Chacona W Baugh Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs | 6/29/22 | $307,452 |
Financial One Accounting | 6/29/22 | $74,993 |
Rgf Consulting Llc | 6/29/22 | $73,820 |
Gei Consultants Inc | 6/29/22 | $61,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,432 |
| Dividends & Interest | $6,639,723 |
| Net Rental Income | $28,800 |
| Net Gain on Sale of Assets | $9,435,723 |
| Capital Gain Net Income | $9,997,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,191 |
| Total Revenue | $16,148,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $764,925 |
| Other employee salaries and wages | $510,570 |
| Pension plans, employee benefits | $321,433 |
| Interest | $0 |
| Taxes | $7,306 |
| Depreciation | $66,769 |
| Occupancy | $161,277 |
| Travel, conferences, and meetings | $42,122 |
| Printing and publications | $59,924 |
| Other expenses | $465,524 |
| Total operating and administrative expenses | $3,981,726 |
| Contributions, gifts, grants paid | $18,920,270 |
| Total expenses and disbursements | $22,901,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,216,816 |
| 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 | $500,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $115,049,058 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $315,892 |
| Total assets | $329,525,987 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,800,125 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,307,938 |
| Total liabilities | $10,108,063 |
Grants Awarded
Over the last fiscal year, Fred A And Barbara M Erb Family Foundation has awarded $22,783,222 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
826 MICHIGAN PURPOSE: PROGRAM SUPPORT | $15,000 |
ACLU FOUNDATION PURPOSE: MATCHING | $200 |
ALL THE WORLDS A STAGE PURPOSE: PROGRAM SUPPORT | $10,000 |
ALLIED MEDIA PROJECTS PURPOSE: PROGRAM SUPPORT | $25,000 |
ALLIANCE FOR THE GREAT LAKES PURPOSE: PROGRAM SUPPORT | $128,000 |
AMERICAN FORESTS PURPOSE: PROGRAM SUPPORT | $225,000 |