Deroy Testamentary Foundation
- Assets
- $0.0
- Revenue
- $972.1k
- Investments
- $36.5m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 09/1978
- Data as of
- 12/2020
- EIN
- 38-2208833
Organization Overview
Deroy Testamentary Foundation is located in Southfield, MI. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Deroy Testamentary 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 12/2020, Deroy Testamentary Foundation generated $972.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Deroy Testamentary Foundation has awarded 169 individual grants totaling $19,960,243. 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 |
|---|---|---|---|
Julie Rodecker - 11-1231 President, Trustee | 30 | $190,464 | |
Barbara Skalski - 11-1231 Executive Assistant | 40 | $81,068 | |
Gregg D Watkins - 91-1231 Vice President,treasurer,trustee | 35 | $27,669 | |
Marian Keidan Seltzer - 91-1231 Trustee | 5 | $0 | |
Ryan Smith - 11-831 Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ampersand Solutions | 12/30/21 | $100,000 |
Deroy And Devereaux | 12/30/21 | $213,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,340,918 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $972,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $341,328 |
| Pension plans, employee benefits | $162,835 |
| Depreciation | $275 |
| Occupancy | $26,312 |
| Travel, conferences, and meetings | $302 |
| Printing and publications | $279 |
| Total operating and administrative expenses | $952,945 |
| Contributions, gifts, grants paid | $2,463,731 |
| Total expenses and disbursements | $3,416,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,889 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,544 |
| Other assets | $5,703 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Deroy Testamentary Foundation has awarded $16,751,722 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
DEROY EDUCATION PARTNERS PURPOSE: GENERAL PURPOSE GRANT | $14,400,000 |
DEROY EDUCATION PARTNERS PURPOSE: GENERAL PURPOSE GRANT | $600,000 |
Southfield, MI PURPOSE: GENERAL PURPOSE GRANT | $204,640 |
Bloomfield Hills, MI PURPOSE: GENERAL PURPOSE GRANT | $90,000 |
Pontiac, MI PURPOSE: GENERAL PURPOSE GRANT | $80,000 |
Detroit, MI PURPOSE: GENERAL PURPOSE GRANT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Deroy Testamentary Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Ran Family Foundation Bloomfield Hills, MI PURPOSE: GENERAL FUND | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |