Julius H And Barbara B Beers Family Foundation
- Assets
- $1.5m
- Revenue
- $30.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 38-3417343
Organization Overview
Julius H And Barbara B Beers Family Foundation is located in Traverse City, MI. The organization was established in 1999. 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. Julius H And Barbara B Beers 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 12/2022, Julius H And Barbara B Beers Family Foundation generated $30.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $120.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Julius H And Barbara B Beers Family Foundation has awarded 173 individual grants totaling $648,000. 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 |
|---|---|---|---|
Richard Beers President, Director | 0 | $0 | |
Bruce Beers Secretary, Director | 0 | $0 | |
Elizabeth Beers Director | 0 | $0 | |
Nancy Mantyband Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,796 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,024 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,461 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $120,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,031 |
| 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 | $1,509,103 |
| 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, Julius H And Barbara B Beers Family Foundation has awarded $92,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHERRYLAND HUMANE SOCIETY PURPOSE: GENERAL | $5,000 |
FATHER FRED FOUNDATION PURPOSE: GENERAL | $5,000 |
EPILEPSY FOUNDATION OF MICHIGAN PURPOSE: GENERAL | $5,000 |
FOOD RESCUE OF NORTHWEST MICHIGAN PURPOSE: GENERAL | $2,500 |
GOODWILL INN PURPOSE: GENERAL | $3,000 |
GRAND TRAVERSE CONSERVATION DISTRICT PURPOSE: GENERAL | $3,000 |