Daniel J And Ardith A Koster Foundation
- Assets
- $67.7k
- Revenue
- $20.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Byron Center, MI
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 38-3067600
Organization Overview
Daniel J And Ardith A Koster Foundation is located in Byron Center, MI. The organization was established in 1992. 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. Daniel J And Ardith A Koster 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, Daniel J And Ardith A Koster Foundation generated $20.3k 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 (19.9%) each year. All expenses for the organization totaled $990.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (67.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Daniel J And Ardith A Koster Foundation has awarded 33 individual grants totaling $149,316. 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 SPECIFIC PURPOSE FOR WHICH THIS FOUNDATION EXISTS IS TO ADVANCE ANY RELIGIOUS BASED ACTIVITY ANY ORGANIZATION THAT OPERATES FOR THE RELIEF OF POVERTY
RELIGIOUS BASED ACTIVITY ANY ORGANIZATION THAT OPERATES FOR THE RELIEF OF POVERTY OR ANY EDUCATIONAL INSTITUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Koster Exec Director | 10 | $0 | |
Ardith Stephenson President | 5 | $0 | |
Cheryl Koster Board Member | 5 | $0 | |
Rick Koster Board Member | 5 | $0 | |
Susan Koster Board Member | 5 | $0 | |
Kurt Koster Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,330 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,330 |
| 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 | $990 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,680 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,680 |
| 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, Daniel J And Ardith A Koster Foundation has awarded $100,316 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Lagrange, WY PURPOSE: SUPPORT | $14,500 |
REASONS FOR HOPE PURPOSE: SUPPORT | $11,000 |
WOMEN AT RISK INTL PURPOSE: SUPPORT | $10,500 |
GRACE MINISTRIES PURPOSE: SUPPORT | $10,000 |
KENYA HOPE PURPOSE: SUPPORT | $9,500 |
Comstock Park, MI PURPOSE: SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Marge & Charles J Schott Foundation Cincinnati, OH | $96,968,868 | $11,169,832 |