Svrc Industries Inc Foundation
- Assets
- $7.0m
- Revenue
- $169.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 38-3456552
Organization Overview
Svrc Industries Inc Foundation is located in Saginaw, MI. The organization was established in 1999. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Svrc Industries Inc 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, Svrc Industries Inc Foundation generated $169.4k 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 (19.2%) each year. All expenses for the organization totaled $819.6k 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 RECEIVE AND ADMINISTER FUNDS THAT SUPPORT SVRC INDUSTRIES INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME REALIZED FROM INVESTMENTS HELD BY THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mikolaiczik Secretary/tr | OfficerTrustee | 1 | $0 |
Danielle Marsrow Vice-Chairpe | OfficerTrustee | 1 | $0 |
Gilberto Guevara Chairperson | OfficerTrustee | 1 | $0 |
Debra Snyder President/co | Officer | 1 | $0 |
Dean Emerson CEO | Officer | 1 | $0 |
Donna Green CFO | Officer | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $725,977 |
| 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 | $0 |
| 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 | $67,354 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $26,298 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $819,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $7,047,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,047,351 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,047,351 |
| Net assets with donor restrictions | $0 |
| 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 | $7,047,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gw Business Solutions Llc Newark, OH | $2,442,927 | $6,203,519 |
Goodwill Foundation Of Northeast Ohio And Northwest Pennsylvania Ashtabula, OH | $172,969 | $55,154 |
Svrc Industries Inc Foundation Saginaw, MI | $7,047,351 | $169,416 |
Local 166 Building Corporation Fort Wayne, IN | $5,104,452 | $661,138 |
Community Work Services Foundation Inc Madison, WI | $1,933,791 | $192,972 |
Great Lakes Agricultural Technology Business Incubator West Olive, MI | $37,112 | $0 |
Gdi Helping Hands Program Dearborn, MI | $3,631 | $0 |