Bierlein Companies Foundation
- Assets
- $4.7m
- Revenue
- $491.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 38-2615341
Organization Overview
Bierlein Companies Foundation is located in Midland, MI. The organization was established in 1985. 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. Bierlein Companies 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 12/2023, Bierlein Companies Foundation generated $491.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $227.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bierlein Companies Foundation has awarded 401 individual grants totaling $683,680. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Bierlein President | 1 | $0 | |
Kenneth W Lucureux Treasurer | 1 | $0 | |
Ryan M Bierlein Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $34,360 |
| Dividends & Interest | $70,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$113,686 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $491,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,385 |
| Contributions, gifts, grants paid | $212,440 |
| Total expenses and disbursements | $227,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,963 |
| Savings and temporary cash investments | $1,035,176 |
| 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 | $3,068,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,698,292 |
| 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, Bierlein Companies Foundation has awarded $212,440 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTION OPTION INC PURPOSE: CHARITABLE | $250 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $500 |
ALTRUSA INTERNATIONAL OF SAGINAW FND PURPOSE: CHARITABLE | $500 |
ASCENSION ST MARY'S FOUNDATION PURPOSE: CHARITABLE | $5,750 |
AMERICAN LEGION POST 439 PURPOSE: CHARITABLE | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $250 |