Ufp Industries Foundation
- Assets
- $17.9m
- Revenue
- $3.7m
- Investments
- $17.5m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 38-3161777
Organization Overview
Ufp Industries Foundation is located in Grand Rapids, MI. The organization was established in 1995. 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. Ufp Industries 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 12/2023, Ufp Industries Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ufp Industries Foundation has awarded 288 individual grants totaling $3,095,883. 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 |
|---|---|---|---|
David A Tutas Secretary Director | 0 | $0 | |
Brandon H Froysland Director | 0 | $0 | |
Michael R Cole Director | 0 | $0 | |
Angelynn A Afendoulis Director | 0 | $0 | |
Matthew J Missad President Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,234,203 |
| Interest on Savings | $0 |
| Dividends & Interest | $491,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$16,662 |
| Total Revenue | $3,680,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,216 |
| Total operating and administrative expenses | $103,154 |
| Contributions, gifts, grants paid | $1,681,553 |
| Total expenses and disbursements | $1,784,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,277 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $200,000 |
| 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 | $17,491,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,886,313 |
| Accounts payable and accrued expenses | $358,000 |
| 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 | $358,000 |
Grants Awarded
Over the last fiscal year, Ufp Industries Foundation has awarded $1,681,553 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
360 COMMUNITIES PURPOSE: OUTREACH | $2,000 |
ALPINE BAPTIST CHURCH PURPOSE: OUTREACH | $150 |
ACTON INSTITUTE PURPOSE: OUTREACH | $10,000 |
ANEW BUILDING BEYOND VIOLENCE AND ABUSE PURPOSE: OUTREACH | $2,000 |
BIG HEART CENTER FOR BRAIN CHANGE PURPOSE: OUTREACH | $5,000 |
ANXIETY RESOURCE CENTER PURPOSE: OUTREACH | $10,000 |