The Malcolm & Lois Field Foundation
- Assets
- $2.1m
- Revenue
- $94.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 38-2785515
Organization Overview
The Malcolm & Lois Field Foundation is located in Saginaw, 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. Malcolm & Lois Field 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 12/2022, Malcolm & Lois Field Foundation generated $94.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $13.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Malcolm Field MD Director & President | 0.5 | $0 | |
Lois J Field Director | 0.5 | $0 | |
Kenneth W Lecureux Treasurer/secretary | 0.5 | $0 | |
Phillip J Stahle Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74 |
| Dividends & Interest | $45,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,603 |
| Capital Gain Net Income | $48,603 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,582 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $118,169 |
| 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 | $1,998,043 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,116,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $105,593 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,593 |
Grants Awarded
Over the last fiscal year, The Malcolm & Lois Field Foundation has awarded $320,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAGINAW VALLEY STATE UNIVERSITY FOUNDATION PURPOSE: BUSINESS SCHOOL FELLOWSHIP AND JAMES E O'NEILL LECTURE | $260,000 |
ASCENSION FIELD NEUROSCIENCE INSTITUTE PURPOSE: GENERAL OPERATING FUND | $10,000 |
SPRING ARBOR UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $50,000 |