Aptiv Foundation Inc
- Assets
- $18.8m
- Revenue
- $1.0m
- Investments
- $18.4m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 38-3442971
Organization Overview
Aptiv Foundation Inc is located in Troy, MI. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aptiv Foundation Inc 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, Aptiv Foundation Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aptiv Foundation Inc has awarded 297 individual grants totaling $6,029,875. 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 |
|---|---|---|---|
Kurtis Peters Treasurer/trustee | 1 | $0 | |
Rachel Friedenberg Secretary/trustee | 1 | $0 | |
Rachelle Valdez Chair/president/trustee | 1 | $0 | |
Charlene Chu Trustee | 1 | $0 | |
Chris Hong Trustee | 1 | $0 | |
Jada Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $135,065 |
| Dividends & Interest | $376,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $495,724 |
| Capital Gain Net Income | $495,724 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,006,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $115,111 |
| Contributions, gifts, grants paid | $1,326,180 |
| Total expenses and disbursements | $1,441,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $446,691 |
| Net Accounts receivable | $15,802 |
| 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 | $866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,232,465 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,844,005 |
| Accounts payable and accrued expenses | $85,434 |
| Grants payable | $282,092 |
| 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 | $367,526 |
Grants Awarded
Over the last fiscal year, Aptiv Foundation Inc has awarded $1,044,088 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST ROBOTICS PURPOSE: ROBOTICS TEAM | $200,000 |
GIRLS THAT CODE PURPOSE: ONE-YEAR SPONSORSHIP FOR PROGRAMS | $100,000 |
GREENLIGHT FUND DETROIT PURPOSE: ONGOING SUPPORT OF COMMUNITY-BASED PROGRAMS | $100,000 |
Cambridge, MA PURPOSE: ONGOING UNIVERSITY SUPPORT | $75,000 |
UNIVERSITY OF MICHIGAN PURPOSE: ONGOING UNIVERSITY SUPPORT | $65,000 |
PURDUE UNIVERSITY PURPOSE: ONGOING UNIVERSITY SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |