Bill & Vi Sigmund Foundation
- Assets
- $7.4m
- Revenue
- $409.7k
- Investments
- $6.7m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 30-0002491
Organization Overview
Bill & Vi Sigmund Foundation is located in Jackson, MI. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bill & VI Sigmund 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 12/2022, Bill & VI Sigmund Foundation generated $409.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bill & VI Sigmund Foundation has awarded 14 individual grants totaling $5,714,965. 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 |
|---|---|---|---|
Ralph L Bodman President | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
John Macchia Director | 0 | $0 | |
Kent Mauer Director | 0 | $0 | |
Carolyn Pratt Secretary | 0 | $60,000 | |
Chris Mcclafferty Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34,303 |
| Dividends & Interest | $229,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,388 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $409,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,660 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,327 |
| Total operating and administrative expenses | $134,665 |
| Contributions, gifts, grants paid | $933,505 |
| Total expenses and disbursements | $1,068,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,459 |
| Savings and temporary cash investments | $527,834 |
| 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 | $7,366,112 |
| 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, Bill & Vi Sigmund Foundation has awarded $933,505 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS DONATIONS PURPOSE: GENERAL FUND PURPOSES | $359,500 |
SCHOLARSHIPS PURPOSE: TUITION, FEES AND BOOKS | $574,005 |