Jerry L And Marcia D Tubergen Foundation
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $14.0m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 01/1998
- Data as of
- 12/2020
- EIN
- 38-3297265
Organization Overview
Jerry L And Marcia D Tubergen Foundation is located in Ada, MI. The organization was established in 1998. 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. Jerry L And Marcia D Tubergen 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 12/2020, Jerry L And Marcia D Tubergen Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jerry L And Marcia D Tubergen Foundation has awarded 124 individual grants totaling $4,948,756. 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 |
|---|---|---|---|
Marcia D Tubergen Vice President/secretary | 1 | $0 | |
Jerry L Tubergen President/treasurer | 1 | $0 | |
Robert H Schierbeek Vice President/assistant | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72 |
| Dividends & Interest | $240,710 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,025,983 |
| Total Revenue | $1,764,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $64,711 |
| Contributions, gifts, grants paid | $2,718,635 |
| Total expenses and disbursements | $2,783,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,338,085 |
| Other assets | $0 |
| Mortgages and other notes payable | $800,000 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jerry L And Marcia D Tubergen Foundation has awarded $1,880,121 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $275,000 |
CORNERSTONE UNIVERSITY (WCSG RADIO) PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $250,000 |
Grand Rapids, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $200,000 |
OPEN DOORS USA PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $150,000 |
Ada, MI PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $105,000 |
PARTNERS RELIEF & DEVELOPMENT PURPOSE: UNRESTRICTED GRANT TO GENERAL FUND | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |