Ufp Industries Education Foundation
- Assets
- $962.4k
- Revenue
- $8.4k
- Investments
- $948.8k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 11/1990
- Data as of
- 12/2022
- EIN
- 38-2945715
Organization Overview
Ufp Industries Education Foundation is located in Grand Rapids, MI. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ufp Industries Education 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, Ufp Industries Education Foundation generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $50.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ufp Industries Education Foundation has awarded 152 individual grants totaling $127,013. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon H Froysland Treasurer Director | 0 | $0 | |
David A Tutas Secretary Director | 0 | $0 | |
Nancy Degood Chairwoman Director | 0 | $0 | |
Michael K Weber Director | 0 | $0 | |
Joelle S Vandervelde President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,262 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,656 |
| Total Revenue | $8,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $580 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,519 |
| Total operating and administrative expenses | $6,099 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $50,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,617 |
| Savings and temporary cash investments | $0 |
| 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 | $948,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $962,418 |
| 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, Ufp Industries Education Foundation has awarded $44,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA BIRCHMEIER PURPOSE: EDUCATION - UNIVERSITY OF ALABAMA AT BIRMINGHAM | $1,000 |
LOGAN FREIL PURPOSE: EDUCATION - PENNSYLVANIA COLLEGE OF TECHNOLOGY | $500 |
GABRIELLE GUERRERO PURPOSE: EDUCATION - TEXAS A&M UNIVERSITY | $1,000 |
NATALIE NOVELL PURPOSE: EDUCATION - ARIZONA STATE UNIVERSITY | $1,000 |
ETHAN ODERMANN PURPOSE: EDUCATION - MCLENNAN COMMUNITY COLLEGE | $1,000 |
GABRIELA REYNOSO PURPOSE: EDUCATION - THE UNIVERSITY OF TEXAS AT ARLINGTON | $500 |