The Windermere Island Foundation Inc
- Assets
- $578.4k
- Revenue
- $136.0k
- Investments
- $554.8k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 30-0032200
Organization Overview
The Windermere Island Foundation Inc is located in Troy, 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. Windermere Island Foundation Inc 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 12/2021, Windermere Island Foundation Inc generated $136.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $185.8k during the year ending 12/2021. While expenses have increased by 16.6% 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, Windermere Island Foundation Inc has awarded 35 individual grants totaling $678,015. 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 |
|---|---|---|---|
Antoinette Laboiteaux Director | 0 | $0 | |
Michael Foster Director | 0 | $0 | |
Kathryn M Haider Director | 0 | $0 | |
Gretchen Jackson Director | 0 | $0 | |
Luci Baines Johnson Director | 0 | $0 | |
Wayne Heyland Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,715 |
| Capital Gain Net Income | $97,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,921 |
| Total operating and administrative expenses | $24,777 |
| Contributions, gifts, grants paid | $161,025 |
| Total expenses and disbursements | $185,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,499 |
| 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 | $554,791 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $97 |
| Total assets | $578,387 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $1,484 |
| Total liabilities | $6,484 |
Grants Awarded
Over the last fiscal year, The Windermere Island Foundation Inc has awarded $161,025 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB PURPOSE: FUNDS TO ADDRESS FOOD INSECURITIES WITH VOUCHERS USED AS LOCAL MERCHANTS | $40,000 |
KIWANIS CLUB OF SOUTH ELEUTHERA PURPOSE: FUNDS FOR FOOD INSECURITIES TO MAINTAIN FOOD PANTRY. ALSO USED VOUCHER SYSTEM WITH LOCAL MERCHANTS. | $40,000 |
Philadelphia, PA PURPOSE: FBO ELEUTHERA COMMUNITY HEALTH INITIATIVE & SAILING PROGRAM | $21,000 |
MEN OF FAITH INC PURPOSE: FUNDS FOR EMERGENCY SERVICES AND MAINTENANCE OF FIRE TRUCK | $20,000 |
SOUTH ELEUTHERA EMERGENCY PARTNERS PURPOSE: FUNDS FOR EMERGENCY SERVICES AND MAINTENANCE OF AMBULANCE AND FIRE TRUCK | $20,000 |
BAHAMAS NATIONAL LIBRARY SERVICE PURPOSE: FBO PALMETTO POINTE COMPUTER LAB & LIBRARY. FUNDS FOR PURCHASE OF NEW PC AND MAINTENANCE OF FACILITIES | $15,025 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Windermere Island Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Laboiteaux Family Foundation Essex, CT PURPOSE: PROGRAM SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |