James And Lynelle Holden Fund
- Assets
- $1.1m
- Revenue
- $137.8k
- Investments
- $952.1k
- Employees
- 0
- Location
- Northville, MI
- Founding
- 08/1942
- Data as of
- 10/2024
- EIN
- 38-6052154
Organization Overview
James And Lynelle Holden Fund is located in Northville, MI. The organization was established in 1942. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. James And Lynelle Holden Fund 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 10/2024, James And Lynelle Holden Fund generated $137.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $220.8k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James And Lynelle Holden Fund has awarded 126 individual grants totaling $1,452,600. 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 |
|---|---|---|---|
Daniel T Lis President/treasurer/trustee | 7 | $12,000 | |
Ingrid O Vernier Secretary | 13 | $15,600 | |
William Buckley Vice President/trustee | 4 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,898 |
| Dividends & Interest | $34,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,712 |
| Capital Gain Net Income | $88,712 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $355 |
| Total operating and administrative expenses | $49,791 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $220,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,526 |
| Net Accounts receivable | $775 |
| 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 | $542,672 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,137,408 |
| Accounts payable and accrued expenses | $279 |
| 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 | $279 |
Grants Awarded
Over the last fiscal year, James And Lynelle Holden Fund has awarded $366,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: GENERAL OPERATIONS | $5,000 |
CAPUCHIN SOUP KITCHEN PURPOSE: GENERAL OPERATIONS | $5,000 |
COTS PURPOSE: GENERAL OPERATIONS | $5,000 |
DETROIT CRISTO REY HIGH SCHOOL PURPOSE: GENERAL OPERATIONS | $5,000 |
DETROIT HISTORICAL SOCIETY PURPOSE: GENERAL OPERATIONS | $5,000 |
BOLDLI PURPOSE: GENERAL OPERATIONS | $3,000 |