Perkins Malo Hunter Foundation
- Assets
- $61.6m
- Revenue
- $2.3m
- Investments
- $37.8m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 36-4098513
Organization Overview
Perkins Malo Hunter Foundation is located in Holland, MI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perkins Malo Hunter 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, Perkins Malo Hunter Foundation generated $2.3m 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 (3.6%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Perkins Malo Hunter Foundation has awarded 350 individual grants totaling $39,291,100. 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 H Perkins Director | 5 | $0 | |
Jill Perkins Director | 0 | $0 | |
Laurie Perkins Director | 0 | $0 | |
Todd Perkins Director | 0 | $0 | |
Phillip Perkins Director | 40 | $230,326 | |
Curtis L Stine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,333,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,505,163 |
| Capital Gain Net Income | $1,505,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$547,348 |
| Total Revenue | $2,291,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $243,133 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,430 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,593 |
| Printing and publications | $0 |
| Other expenses | $50,466 |
| Total operating and administrative expenses | $318,633 |
| Contributions, gifts, grants paid | $5,872,089 |
| Total expenses and disbursements | $6,190,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,098,241 |
| Savings and temporary cash investments | $4,123,630 |
| 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 | $14,536,483 |
| Total assets | $61,562,779 |
| 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, Perkins Malo Hunter Foundation has awarded $5,872,089 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ST AGNES CATHOLIC SCHOOL PURPOSE: TUITION ASSISTANCE | $122,000 |
ERIE ELEMENTARY CHARTER SCHOOL PURPOSE: ACADEMIC PROGRAM EXPENSE | $100,000 |
PAWSPERITY PURPOSE: DOG GROOMING SERVICE PROGRAM | $4,000 |
YOUNG SCHOLARS CHARTER SCHOOL PURPOSE: ACADEMIC PROGRAM EXPENSES | $90,000 |
CATALYST CHARTER SCHOOLS CHICAGO PURPOSE: ACADEMIC PROGRAM EXPENSE | $180,000 |
BOYS AND GIRLS CLUB OF HOLLAND PURPOSE: GENERAL OPERATING EXPENSE | $75,000 |