Wolverine World Wide Foundation
- Assets
- $2.6m
- Revenue
- $717.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Rockford, MI
- Founding
- 10/2005
- Data as of
- 12/2023
- 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 12/2023, Wolverine World Wide Foundation generated $717.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $950.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wolverine World Wide Foundation has awarded 216 individual grants totaling $4,646,468. 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 |
|---|---|---|---|
Christopher E Hufnagel President | 1 | $0 | |
James D Zwiers Vice President | 1 | $0 | |
Amy M Klimek Vice President | 1 | $0 | |
Michael D Stornant Treasurer | 1 | $0 | |
David A Latchana Vice President | 1 | $0 | |
Reginald M Rasch Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $489,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,020 |
| Capital Gain Net Income | $173,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $717,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,105 |
| Contributions, gifts, grants paid | $935,333 |
| Total expenses and disbursements | $950,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,114 |
| 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 | $2,257,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,554,083 |
| 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 $935,333 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: HEALTH | $10,000 |
AQUINAS COLLEGE PURPOSE: EDUCATION | $7,500 |
ARBOR CIRCLE PURPOSE: AID & HUMAN SERVICES | $5,000 |
AUSCHWITZ BIRKENAU MEMORIAL PURPOSE: OTHER | $10,000 |
BROADWAY GRAND RAPIDS PURPOSE: ARTS & CULTURE | $5,000 |
BLANDFORD NATURE CENTER PURPOSE: ENVIRONMENTAL | $30,000 |