Wolverine World Wide Foundation
- Assets
- $3.0m
- Revenue
- $995.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Rockford, MI
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 32-0140361
Organization Overview
Wolverine World Wide Foundation is located in Rockford, MI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Wolverine World Wide 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 12/2021, Wolverine World Wide Foundation generated $995.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wolverine World Wide Foundation has awarded 117 individual grants totaling $2,341,710. 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 |
|---|---|---|---|
Michael D Stornant Treasurer | 1 | $0 | |
Paul Feyen Assistant Treasurer | 1 | $0 | |
Brendan L Hoffman Vice President | 1 | $0 | |
Kathleen Lown Assistant Secretary | 1 | $0 | |
Amy M Klimek Vice President | 1 | $0 | |
Blake W Krueger President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $435,016 |
| Capital Gain Net Income | $435,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $995,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,095 |
| Contributions, gifts, grants paid | $1,084,475 |
| Total expenses and disbursements | $1,109,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,481 |
| Savings and temporary cash investments | $0 |
| 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 | $2,669,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,973,170 |
| 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, Wolverine World Wide Foundation has awarded $1,084,475 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Waltham, MA PURPOSE: TWO TEN | $200,000 |
OUTDOOR FOUNDATION PURPOSE: ENVIRONMENTAL | $100,000 |
Grand Rapids, MI PURPOSE: OTHER | $100,000 |
ART PRIZE PURPOSE: ART & CULTURAL | $100,000 |
UNITED WAY PURPOSE: UNITED WAY | $80,000 |
Grand Rapids, MI PURPOSE: ART & CULTURAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |
Scotts Miracle-Gro Foundation Marysville, OH | $2,069,071 | $1,768,884 |