Joachim E Lay Charitable Private Foundation
- Assets
- $969.0k
- Revenue
- $65.5k
- Investments
- $946.4k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 07/2008
- Data as of
- 10/2023
- EIN
- 20-6996945
Organization Overview
Joachim E Lay Charitable Private Foundation is located in Detroit, MI. The organization was established in 2008. 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. Joachim E Lay Charitable Private 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 10/2023, Joachim E Lay Charitable Private Foundation generated $65.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $157.8k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joachim E Lay Charitable Private Foundation has awarded 15 individual grants totaling $492,750. 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 |
|---|---|---|---|
Comerica Bank Co-Trustee | 1 | $20,127 | |
Janet Haering Co-Trustee | 1 | $11,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,931 |
| Capital Gain Net Income | $39,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,356 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $456 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $31,816 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $157,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,592 |
| 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 | $968,956 |
| 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, Joachim E Lay Charitable Private Foundation has awarded $126,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALFTECH PURPOSE: DAILY OPERATIONAL SUPPORT | $95,000 |
CHRIST LUTHERAN PURPOSE: DAILY OPERATIONAL SUPPORT | $21,000 |
MICHIGAN MASONIC PATHWAYS PURPOSE: DAILY OPERATIONAL SUPPORT | $10,000 |