Samaritas Foundation
- Assets
- $22.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 38-3201490
Organization Overview
Samaritas Foundation is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samaritas 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, Samaritas Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE RECEIPT OF CONTRIBUTIONS AND BEQUESTS FOR THE BENEFITS OF SUPPORTING THE MISSION OF SAMARITAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A SUPPORTING ORGANIZATION OF SAMARITAS. AS A SUPPORTING ORGANIZATION, THE FOUNDATION SUPPORTS THE MISSION OF SAMARITAS THROUGH GRANTS PAID FOR OPERATIONAL AND CAPITAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Pobocik Vice Chairperson | OfficerTrustee | 5 | $0 |
Bonnie Reyes Treasurer | OfficerTrustee | 5 | $0 |
David Wohleen Chairperson | OfficerTrustee | 5 | $0 |
Ellen Batkie Secretary | OfficerTrustee | 5 | $0 |
Carolyn Dwyer Trustee | Trustee | 1 | $0 |
Carolyn Russell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Samaritas Management Services | 12/30/21 | $168,000 |
Merrill Lynch Investement Management | 12/30/21 | $130,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $648,136 |
| Noncash contributions included in lines 1a–1f | $25,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,136 |
| Total Program Service Revenue | $0 |
| Investment income | $395,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1 |
| Net Gain/Loss on Asset Sales | $2,432,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,475,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $916,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $168,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,059 |
| Fees for services: Other | $17,150 |
| Advertising and promotion | $12,092 |
| Office expenses | $336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,243,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,722 |
| Savings and temporary cash investments | $801,040 |
| Pledges and grants receivable | $47,961 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $868,728 |
| Investments—publicly traded securities | $21,099,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,302 |
| Total assets | $22,915,484 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $842,799 |
| Total liabilities | $842,799 |
| Net assets without donor restrictions | $7,260,547 |
| Net assets with donor restrictions | $14,812,138 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,915,484 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Samaritas Foundation has recieved totaling $283,082.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $150,000 |
Ethel And James Flinn Foundation Detroit, MI PURPOSE: TO SUPPORT STARTUP OF AN ADOLESCENT COMMUNITY BASED SUBSTANCE USE DISORDER CLINIC IN OAKLAND COUNTY. | $75,000 |
Ethel And James Flinn Foundation Detroit, MI PURPOSE: TO IMPLEMENT ELECTRONIC HEALTH RECORDS SYSTEM TO IMPROVE SUBSTANCE USE DISORDER AND BEHAVIORAL HEALTH SERVICE DELIVERY. | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,082 |
Endowment Analysis
| Beg. Balance | $13,355,597 |
| Earnings | $1,658,989 |
| Net Contributions | $213,561 |
| Other Expense | $500,000 |
| Ending Balance | $14,728,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Sisters Of Charity Foundation Of Canton Cleveland, OH | $111,250,604 | $3,627,612 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Early Childhood Resource Center Cleveland, OH | $3,858,809 | $4,039,118 |
Sunset Legacy Foundation Jenison, MI | $5,636,238 | $2,457,486 |
Green Hills Foundation West Liberty, OH | $7,049,726 | $3,722,965 |
Leader Dogs For The Blind Foundation Rochester Hills, MI | $71,517,820 | $5,571,378 |
Episcopal Retirement Services Foundation Cincinnati, OH | $67,757,663 | $1,625,234 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Haven Foundation Pontiac, MI | $9,674,256 | $1,436,922 |