James And Shirley Balk Foundation
- Assets
- $10.6m
- Revenue
- $1.8m
- Investments
- $6.4m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 38-2556356
Organization Overview
James And Shirley Balk Foundation is located in Grand Rapids, 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 the central organization for a national or regional group of organizations. James And Shirley Balk 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 12/2021, James And Shirley Balk Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $139.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James And Shirley Balk Foundation has awarded 185 individual grants totaling $2,939,453. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Balk Trustee | 0 | $0 | |
James Balk II Trustee | 0 | $0 | |
Martin A Balk Trustee | 0 | $0 | |
Steven J Balk Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $101 |
| Dividends & Interest | $92,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $690,812 |
| Capital Gain Net Income | $779,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,783,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,032 |
| Taxes | $3,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,500 |
| Total operating and administrative expenses | $10,284 |
| Contributions, gifts, grants paid | $128,845 |
| Total expenses and disbursements | $139,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,259,493 |
| 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 | $2,825,030 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,630,392 |
| 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, James And Shirley Balk Foundation has awarded $128,845 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MARCO ISLAND ACADEMY PURPOSE: GENERAL SUPPORT | $65,000 |
HOSPICE OF MICHIGAN PURPOSE: GENERAL SUPPORT | $25,000 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $10,000 |
FREDERIK MEIJER GARDENS PURPOSE: GENERAL SUPPORT | $5,445 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $4,000 |
TRI-CITIES KIWANIS FOUNDATION PURPOSE: GENERAL SUPPORT | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |