Richard And Jane Manoogian Foundation
- Assets
- $24.1m
- Revenue
- -$5.3m
- Investments
- $4.0m
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 07/1984
- Data as of
- 06/2023
- EIN
- 38-2531814
Organization Overview
Richard And Jane Manoogian Foundation is located in Dearborn, MI. The organization was established in 1984. 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. Richard And Jane Manoogian Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Manoogian Chairman/trea | 20 | $300,000 | |
Eugene A Gargaro Jr President/sec | 30 | $335,345 | |
Jane C Manoogian Director | 30 | $300,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whitman Consulting Llc | 6/29/23 | $75,000 |
Ram Investment Group Inc | 6/29/23 | $741,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $177,326 |
| Dividends & Interest | $171,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,658,432 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$5,309,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $935,345 |
| Other employee salaries and wages | $104,306 |
| Pension plans, employee benefits | $0 |
| Interest | $12,674 |
| Taxes | $113,236 |
| Depreciation | $98,476 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,398 |
| Printing and publications | $500 |
| Other expenses | $989,220 |
| Total operating and administrative expenses | $2,398,478 |
| Contributions, gifts, grants paid | $1,453,336 |
| Total expenses and disbursements | $3,851,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,958,197 |
| 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 | $10,342 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,785,153 |
| Other assets | $9,409,399 |
| Total assets | $24,145,180 |
| Accounts payable and accrued expenses | $514 |
| 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 | $514 |
Grants Awarded
Over the last fiscal year, Richard And Jane Manoogian Foundation has awarded $1,453,336 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: RELIGIOUS/CULTURAL | $341,052 |
SEE ATTACHED SCHEDULE PURPOSE: CHARITABLE | $992,484 |
SEE ATTACHED SCHEDULE PURPOSE: EDUCATIONAL | $119,800 |