Maurice & Dorothy Stubnitz Foundation
- Assets
- $5.8m
- Revenue
- $424.8k
- Investments
- $5.8m
- Employees
- 0
- Location
- Adrian, MI
- Founding
- 10/1982
- Data as of
- 09/2023
- EIN
- 38-2392373
Organization Overview
Maurice & Dorothy Stubnitz Foundation is located in Adrian, MI. The organization was established in 1982. 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. Maurice & Dorothy Stubnitz 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, Maurice & Dorothy Stubnitz Foundation generated $424.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $343.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maurice & Dorothy Stubnitz Foundation has awarded 139 individual grants totaling $2,365,082. 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 |
|---|---|---|---|
William Benz Director | 0 | $0 | |
Michelle Force Director | 0 | $0 | |
Karen Caine President | 0 | $0 | |
Michael Kapnick Treasurer | 0 | $0 | |
Chuck Gross Secretary | 0 | $0 | |
Christine Macnaughton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $142,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,341 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $424,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,300 |
| Total operating and administrative expenses | $33,962 |
| Contributions, gifts, grants paid | $309,617 |
| Total expenses and disbursements | $343,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,651 |
| 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 | $5,792,269 |
| 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, Maurice & Dorothy Stubnitz Foundation has awarded $309,617 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIAN CENTER FOR THE ARTS PURPOSE: 2023 GALLERY SEASON | $18,060 |
ADRIAN REA LITERACY CENTER PURPOSE: CLEANING, MARKETING & EDU MATERIALS | $5,000 |
ADRIAN SCHOOLS EDUCATIONAL FNDTN PURPOSE: EDUCATIONAL SUPPORT | $2,500 |
ARTALICIOUS FINE ARTS FAIR PURPOSE: 15 DEMONSTRATING ARTISTS | $1,500 |
ADRIAN SYMPHONY PURPOSE: GUEST ARTISTS AND OPERATIONS | $30,000 |
BLISSFIELD HIGH SCHOOL PURPOSE: THEATRE EQUIPMENT | $10,000 |