Roy G Michell Charitable Foundation Tr
- Assets
- $5.2m
- Revenue
- $733.2k
- Investments
- $4.8m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1963
- Data as of
- 04/2023
- EIN
- 38-6071109
Organization Overview
Roy G Michell Charitable Foundation Tr is located in Bloomfield Hills, MI. The organization was established in 1963. 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. Roy G Michell Charitable Foundation Tr 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 04/2023, Roy G Michell Charitable Foundation Tr generated $733.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $494.8k during the year ending 04/2023. While expenses have increased by 3.4% per year over the past 3 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 2021, Roy G Michell Charitable Foundation Tr has awarded 175 individual grants totaling $1,174,500. 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 |
|---|---|---|---|
William R Michell Trustee | 4 | $19,500 | |
Kenneth E Zink Trustee | 4 | $19,500 | |
Sarena Nichol Trustee | 4 | $19,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $614 |
| Dividends & Interest | $142,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $588,221 |
| Capital Gain Net Income | $588,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $733,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $744 |
| Printing and publications | $0 |
| Other expenses | $319 |
| Total operating and administrative expenses | $91,325 |
| Contributions, gifts, grants paid | $403,500 |
| Total expenses and disbursements | $494,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$30,835 |
| Savings and temporary cash investments | $355,107 |
| Net Accounts receivable | $14,460 |
| 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 | $5,164,377 |
| 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, Roy G Michell Charitable Foundation Tr has awarded $403,500 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
ASTHMA AND ALLERGY FOUNDATION OF MI PURPOSE: UNRESTRICTED | $15,500 |
ASIA'S HOPE PURPOSE: UNRESTRICTED | $1,500 |
BEAUTIFUL FEET INTERNATIONAL PURPOSE: UNRESTRICTED | $4,000 |
BURNING BUSH MINISTRIES PURPOSE: UNRESTRICTED | $2,000 |
BETH MESSIAH CONGREGATION PURPOSE: UNRESTRICTED | $2,500 |
CAMP OR L'DOR PURPOSE: UNRESTRICTED | $2,000 |