The Alvin L Glick Foundation
- Assets
- $52.3m
- Revenue
- $2.1m
- Investments
- $51.4m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 38-3551619
Organization Overview
The Alvin L Glick Foundation is located in Jackson, MI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alvin L Glick 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 12/2023, Alvin L Glick Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 15.7% per year over the past 8 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 2016, Alvin L Glick Foundation has awarded 1,070 individual grants totaling $9,114,684. 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 |
|---|---|---|---|
Randal L Glick President And Treasurer | 2 | $0 | |
Carlton L Glick Vice President | 1 | $0 | |
Brian T Glick Secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meridian Wealth Management Of Michigan | 12/30/23 | $183,954 |
Jpmorgan Chase Bank Na | 12/30/23 | $90,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142,245 |
| Dividends & Interest | $1,043,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $930,255 |
| Capital Gain Net Income | $930,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,116,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $869 |
| Total operating and administrative expenses | $350,574 |
| Contributions, gifts, grants paid | $2,110,225 |
| Total expenses and disbursements | $2,460,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $852,112 |
| 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 | $4,691,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,406 |
| Total assets | $52,311,507 |
| 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, The Alvin L Glick Foundation has awarded $2,110,225 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
AL GLICK YOUTH FOOTBALL CAMP PURPOSE: GENERAL OPERATING | $10,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $15,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $1,000 |
ANCHOR INITIATIVE PURPOSE: GENERAL OPERATING | $25,000 |
ARTS & CULTURAL ALLIANCE OF JACKSON COUNTY PURPOSE: GENERAL OPERATING | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $30,000 |