C & N Foundation
- Assets
- $5.6m
- Revenue
- $205.9k
- Investments
- $5.5m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 02/1988
- Data as of
- 05/2023
- EIN
- 38-2746657
Organization Overview
C & N Foundation is located in Southfield, MI. The organization was established in 1988. 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. C & N 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 05/2023, C & N Foundation generated $205.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $292.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, C & N Foundation has awarded 195 individual grants totaling $1,805,000. 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 |
|---|---|---|---|
Carole S Hofley President- Treasurer | 0 | $0 | |
Eric L Hofley Vice President- Secretary | 0 | $0 | |
Jonathon A Hofley Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $273,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,725 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,673 |
| Interest | $0 |
| Taxes | $3,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $22,078 |
| Contributions, gifts, grants paid | $270,000 |
| Total expenses and disbursements | $292,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,471 |
| 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 | $5,471,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,554,906 |
| 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, C & N Foundation has awarded $270,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHANGEL ANCIENT TREE ARCHIVE PURPOSE: GENERAL | $1,000 |
ANGELS PLACE PURPOSE: GENERAL | $5,000 |
CHAMBER SOLOISTS OF DETROIT PURPOSE: GENERAL | $5,000 |
CLIMB WYOMING PURPOSE: GENERAL | $10,000 |
DECORATIVE ARTS TRUST PURPOSE: GENERAL | $2,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: GENERAL | $1,000 |