May Mitchell Royal Foundation
- Assets
- $1.8m
- Revenue
- $156.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1982
- Data as of
- 09/2023
- EIN
- 38-2387140
Organization Overview
May Mitchell Royal Foundation is located in Detroit, MI. The organization was established in 1982. 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. May Mitchell Royal 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 09/2023, May Mitchell Royal Foundation generated $156.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $101.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, May Mitchell Royal Foundation has awarded 13 individual grants totaling $350,001. 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 |
|---|---|---|---|
Comerica Bank Trustee | 2 | $30,521 | |
Ross Kennerly Member - Grant Committee | 1 | $0 | |
Michael Kennerly Member - Grant Committee | 1 | $0 | |
Breanna Landreville Member - Grant Committee | 1 | $0 | |
Jim Lucius Chairman - Grant Committee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,971 |
| Capital Gain Net Income | $109,971 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,521 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7 |
| Total operating and administrative expenses | $31,294 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $101,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,303 |
| 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 | $0 |
| Total assets | $1,776,734 |
| 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, May Mitchell Royal Foundation has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEADER DOGS FOR THE BLIND PURPOSE: DAILY OPERATIONAL SUPPORT | $20,000 |
HAWAII LION'S FOUNDATION PURPOSE: DAILY OPERATIONAL SUPPORT | $50,000 |