Serra Family Foundation
- Assets
- $3.6m
- Revenue
- $163.7k
- Investments
- $3.6m
- Employees
- 0
- Location
- Grand Blanc, MI
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 38-3352324
Organization Overview
Serra Family Foundation is located in Grand Blanc, MI. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Serra Family 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, Serra Family Foundation generated $163.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $301.5k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Serra Family Foundation has awarded 199 individual grants totaling $1,379,350. 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 |
|---|---|---|---|
Ann Lowney Director, VP | 0 | $0 | |
Lynne Parker-Farms Treasurer | 0 | $0 | |
Alice Serra Reid Director, VP | 0 | $0 | |
Mary Mcmahon Director, VP | 0 | $0 | |
Amy Albright Director, VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,443 |
| Dividends & Interest | $95,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,459 |
| Capital Gain Net Income | $39,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,428 |
| Total operating and administrative expenses | $49,007 |
| Contributions, gifts, grants paid | $252,500 |
| Total expenses and disbursements | $301,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,173 |
| Savings and temporary cash investments | $26,858 |
| 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 | $3,633,021 |
| 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, Serra Family Foundation has awarded $252,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Clarkston, MI PURPOSE: GENERAL USE | $30,000 |
OUR LADY OF THE LAKES SCHOOLS PURPOSE: GENERAL USE | $25,000 |
Midland, MI PURPOSE: GENERAL USE | $15,000 |
Hillsdale, MI PURPOSE: GENERAL USE | $15,000 |
ST JOSEPH MERCY OAKLAND PURPOSE: GENERAL USE | $15,000 |
Waterford, MI PURPOSE: GENERAL USE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |