Jonathan And Mary Kay Borisch Family Foundation
- Assets
- $0.0
- Revenue
- $1.0m
- Investments
- $2.8m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/2011
- Data as of
- 12/2020
- EIN
- 27-3008834
Organization Overview
Jonathan And Mary Kay Borisch Family Foundation is located in Grand Rapids, MI. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jonathan And Mary Kay Borisch 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 12/2020, Jonathan And Mary Kay Borisch Family Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jonathan And Mary Kay Borisch Family Foundation has awarded 39 individual grants totaling $9,398,385. 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 |
|---|---|---|---|
Jonathan L Borisch President | 1 | $0 | |
Mary K Borisch Vice President | 1 | $0 | |
Thomas L Borisch Secretary | 1 | $0 | |
Matthew A Borisch Treasurer | 1 | $0 | |
David E Borisch Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Bank | 12/30/15 | $15,294 |
Steadfast Consulting And Investments Llc | 12/30/15 | $4,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $939,316 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,002,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $15,774 |
| Contributions, gifts, grants paid | $1,193,885 |
| Total expenses and disbursements | $1,209,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,699 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,754,225 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jonathan And Mary Kay Borisch Family Foundation has awarded $2,530,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Caledonia, MI PURPOSE: GENERAL PURPOSE | $1,100,000 |
Byron Center, MI PURPOSE: GENERAL PURPOSE | $750,000 |
SET FREE MINISTRIES PURPOSE: GENERAL PURPOSE | $300,000 |
TIM TEBOW FOUNDATION PURPOSE: GENERAL PURPOSE | $150,000 |
Grand Rapids, MI PURPOSE: CHRISTIAN OUTREACH | $150,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Foundations Of East Chicago Inc East Chicago, IN | $37,687,185 | $5,519,397 |
Sisters Of Charity Foundation Of South Carolina Cleveland, OH | $112,898,417 | $3,663,141 |