Granger Iii Foundation Inc
- Assets
- $0.0
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- Data as of
- 12/2016
- EIN
- 38-3555568
Organization Overview
Granger Iii Foundation Inc is located in Lansing, MI.
For the year ending 12/2016, Granger Iii Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Hofman President | 1 | $0 | |
Ray A Easton Vice-President | 2 | $0 | |
Todd J Granger Secretary | 2 | $0 | |
Randy J Russ Director | 1 | $0 | |
Joel M Zylstra Director | 1 | $0 | |
Keith L Granger Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,850 |
| Interest on Savings | $32,120 |
| Dividends & Interest | $42,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,510,236 |
| Capital Gain Net Income | $1,510,236 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,673,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,673 |
| Total operating and administrative expenses | $3,756 |
| Contributions, gifts, grants paid | $7,912,994 |
| Total expenses and disbursements | $7,916,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Granger Iii Foundation Inc has awarded $7,912,994 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CBMC OF LANSING PURPOSE: GENERAL FUND | $5,000 |
ATHLETES IN ACTION OF MSU PURPOSE: GENERAL FUND | $10,000 |
CHARLES SCHWAB CHARITABLE GIFT FUND PURPOSE: GRANGER FAMILY FUND | $251,250 |
FAMILY TALK PURPOSE: GENERAL FUND | $10,000 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: GRANGER FAMILY FUND | $6,670,871 |
INTERNATIONAL STUDENTS INC PURPOSE: GENERAL FUND | $5,000 |