Charles J Strosacker Foundation
- Assets
- $59.6m
- Revenue
- $6.3m
- Investments
- $56.6m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1958
- Data as of
- 12/2023
- EIN
- 38-6062787
Organization Overview
Charles J Strosacker Foundation is located in Midland, MI. The organization was established in 1958. 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. Charles J Strosacker 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, Charles J Strosacker Foundation generated $6.3m 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 (7.4%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. 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 |
|---|---|---|---|
Bobbie N Arnold Chairman | 1.38 | $0 | |
David J Arnold Trustee | 0.35 | $0 | |
Kimberlee K Baczewski Pres./ceo | 40 | $103,000 | |
John N Bartos Trustee | 0.09 | $0 | |
James L Borin Treasurer | 0.69 | $0 | |
David H Dunn Trustee | 0.09 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $51,650 |
| Dividends & Interest | $1,886,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,324,069 |
| Capital Gain Net Income | $4,324,069 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,190 |
| Total Revenue | $6,349,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,000 |
| Interest | $0 |
| Taxes | $86,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,848 |
| Total operating and administrative expenses | $468,429 |
| Contributions, gifts, grants paid | $4,401,400 |
| Total expenses and disbursements | $4,869,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,987,770 |
| 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 | $323,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,562,741 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,388,440 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $43,219 |
| Total liabilities | $4,431,659 |