Edward E Maccrone Tr Bbb Nect
- Assets
- $1.2m
- Revenue
- $87.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 38-6043730
Organization Overview
Edward E Maccrone Tr Bbb Nect is located in Detroit, MI. The organization was established in 1970. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2022, Edward E Maccrone Tr Bbb Nect generated $87.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $93.9k during the year ending 12/2022. While expenses have increased by 12.7% 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, Edward E Maccrone Tr Bbb Nect has awarded 54 individual grants totaling $477,069. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,215 |
| Capital Gain Net Income | $58,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $86,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,734 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,886 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $93,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,137 |
| 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 | $1,213,755 |
| 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, Edward E Maccrone Tr Bbb Nect has awarded $70,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON SYMPHONY ORCHESTRA PURPOSE: SUPPORT OF DAILY OPERATIONS | $7,000 |
PRINCETON UNIVERSITY PURPOSE: FOR THE DAVID M CALPIN FUND | $7,000 |
CHILDRENS HOSPITAL OF MICHIGAN FDN PURPOSE: SUPPORT OF DAILY OPERATIONS | $7,000 |
FOUNDERS SOCIETY DIA PURPOSE: SUPPORT OF DAILY OPERATIONS | $7,000 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT OF DAILY OPERATIONS | $7,000 |
STARR COMMONWEALTH PURPOSE: SUPPORT OF DAILY OPERATIONS | $7,000 |