Michael Talty & Helen Talty Charitable Tr
- Assets
- $4.3m
- Revenue
- $205.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Livonia, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 22-6946772
Organization Overview
Michael Talty & Helen Talty Charitable Tr is located in Livonia, MI. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, Michael Talty & Helen Talty Charitable Tr generated $205.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $334.4k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael Talty & Helen Talty Charitable Tr has awarded 182 individual grants totaling $1,236,000. 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 |
|---|---|---|---|
Patrick E Talty Trustee | 1.5 | $5,000 | |
Joseph E Talty Trustee | 1.5 | $5,000 | |
Kevin J Santa Trustee | 1.5 | $5,000 | |
Nari Talty-Schenkelberg Trustee | 1.5 | $5,000 | |
Thomas Talty Jr Trustee | 1.5 | $5,000 | |
Meghan C Schenkelberg Trustee | 1.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $365 |
| Dividends & Interest | $90,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,138 |
| Capital Gain Net Income | $114,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $615 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $134,408 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $334,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,905 |
| 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 | $4,348,056 |
| 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, Michael Talty & Helen Talty Charitable Tr has awarded $200,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE HIGH SCHOOL PURPOSE: SUPPORT SCHOLARSHIP PROGRAM | $8,500 |
BLOSSOM HILL PURPOSE: DAY PROGRAM ADULTS WITH DISABLITY | $5,400 |
CHILDREN'S MUSEUM CLEVELAND PURPOSE: STEM FIELD TRIP GRANTS | $4,100 |
CLEVELAND ZOOLOGICAL SOCIETY PURPOSE: ZOO EDUCATION & WORKFORCE DEVELOPMEN | $14,400 |
CLEVELAND PUBLIC THEATER PURPOSE: AFTER SCHOOL THEATER ARTS PROGRAM | $2,500 |
EMPOWERING EPILEPSY PURPOSE: HELP THOSE LIVING WITH DISEASE | $3,900 |