Wolohan Family Foundation
- Assets
- $51.6m
- Revenue
- $7.2m
- Investments
- $44.6m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 38-2700797
Organization Overview
Wolohan Family Foundation is located in Saginaw, MI. The organization was established in 1987. 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. Wolohan Family 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, Wolohan Family Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wolohan Family Foundation has awarded 44 individual grants totaling $1,391,996. 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 |
|---|---|---|---|
James L Wolohan Vp/treas | 5 | $0 | |
Michael J Wolohan President | 8 | $0 | |
Christine M Wolohan Secretary | 2 | $0 | |
Christopher R Wolohan Board Member | 2 | $0 | |
Sharon Marie Mcgrann Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $589,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,315,565 |
| Capital Gain Net Income | $6,315,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $205,962 |
| Total Revenue | $7,162,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,945 |
| Depreciation | $0 |
| Occupancy | $11,700 |
| Travel, conferences, and meetings | $413 |
| Printing and publications | $0 |
| Other expenses | $305,463 |
| Total operating and administrative expenses | $414,740 |
| Contributions, gifts, grants paid | $1,759,500 |
| Total expenses and disbursements | $2,174,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,981,322 |
| 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 | $44,575,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,556,815 |
| 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, Wolohan Family Foundation has awarded $1,391,996 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALMA COLLEGE PURPOSE: OPEN - UNRESTRICTED | $2,000 |
ALTERNATIVE FOR GIRLS PURPOSE: OPEN - UNRESTRICTED | $6,000 |
CATHOLIC CHARITIES SPMPLS PURPOSE: ONLINE MISSION | $30,000 |
ACE ND INITIATIVE PURPOSE: ACE INITIATIVE | $25,000 |
CATHOLIC DIOCESES OF SAGINAW PURPOSE: WELCOME SCHOLARSHIP PROGRAM | $50,000 |
CATHOLIC EXTENSION SOCIETY PURPOSE: OPEN-UNRESTRICTED | $20,000 |