Milton H Dresner Foundation Inc
- Assets
- $3.1m
- Revenue
- $140.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 35-2204352
Organization Overview
Milton H Dresner Foundation Inc is located in Southfield, MI. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milton H Dresner 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 12/2023, Milton H Dresner Foundation Inc generated $140.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $215.6k during the year ending 12/2023. While expenses have increased by 0.4% 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, Milton H Dresner Foundation Inc has awarded 69 individual grants totaling $1,135,061. 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 |
|---|---|---|---|
Robert J Dresner President | 5 | $20,000 | |
Mary Ann Dresner Secretary | 5 | $20,000 | |
Jane Dresner Sadaka Treasurer | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $462 |
| Dividends & Interest | $164,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,835 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,730 |
| 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 | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,931 |
| Total operating and administrative expenses | $80,321 |
| Contributions, gifts, grants paid | $135,316 |
| Total expenses and disbursements | $215,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,875 |
| 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 | $44 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,006,525 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,111,444 |
| 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 | $4,000 |
| Total liabilities | $4,000 |
Grants Awarded
Over the last fiscal year, Milton H Dresner Foundation Inc has awarded $135,316 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVES FOR GIRLS OF DETROIT PURPOSE: GENERAL PURPOSE GRANT | $11,276 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL PURPOSE GRANT | $15,105 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE GRANT | $7,000 |
HOLE IN THE WALL GANG CAMP PURPOSE: GENERAL PURPOSE GRANT | $10,000 |
JEWISH FEDERATION OF NEW YORK PURPOSE: GENERAL PURPOSE GRANT | $45,106 |
JEWISH FEDERATION OF PALM BEACH PURPOSE: GENERAL PURPOSE GRANT | $6,500 |