Wallace And Irene Bronner Family Charitable Foundation
- Assets
- $6.4m
- Revenue
- $812.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- Frankenmuth, MI
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 38-2834541
Organization Overview
Wallace And Irene Bronner Family Charitable Foundation is located in Frankenmuth, MI. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wallace And Irene Bronner Family Charitable 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, Wallace And Irene Bronner Family Charitable Foundation generated $812.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $475.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wallace And Irene Bronner Family Charitable Foundation has awarded 276 individual grants totaling $449,162. 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
THE FOUNDATION DOES NOT CONDUCT DIRECT CHARITABLE ACTIVITIES OR INCUR EXPENSES RELATIVE TO CHARITABLE ACTIVITIES, EXCEPT IN THE PERFORMANCE OF THE NECESSARY EVALUATION OF GRANTS TO THE ORGANIZATION AS SET FORTH IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Bronner President | 2 | $0 | |
Irene R Bronner Director | 1 | $0 | |
Carla Bronner Spletzer Secretary | 1 | $0 | |
Maria Bronner Sutorik Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $92 |
| Dividends & Interest | $198,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $413,201 |
| Capital Gain Net Income | $413,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $812,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $366 |
| Total operating and administrative expenses | $26,597 |
| Contributions, gifts, grants paid | $449,162 |
| Total expenses and disbursements | $475,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,820 |
| Savings and temporary cash investments | $588,405 |
| 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 | $346,802 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,417,978 |
| 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, Wallace And Irene Bronner Family Charitable Foundation has awarded $449,162 in support to 276 organizations.
| Grant Recipient | Amount |
|---|---|
ST LORENZ GENERAL BUDGET FUND PURPOSE: GENERAL UNRESTRICTED | $70,000 |
SALVATION ARMY PURPOSE: GENERAL UNRESTRICTED | $30,000 |
LUTHERAN WORLD RELIEF PURPOSE: GENERAL UNRESTRICTED | $20,000 |
RESCUE MISSION OF SAGINAW PURPOSE: GENERAL UNRESTRICTED | $15,000 |
FRANKENMUTH BEAUTIFICATION PURPOSE: GENERAL UNRESTRICTED | $10,000 |
LCMS WORLD MISSION PURPOSE: GENERAL UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |