The Doan Family Foundation
- Assets
- $903.8k
- Revenue
- $92.7k
- Investments
- $738.1k
- Employees
- 0
- Location
- Midland, MI
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 38-6078714
Organization Overview
The Doan Family Foundation is located in Midland, MI. The organization was established in 1964. 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. Doan Family 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, Doan Family Foundation generated $92.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $105.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Doan Family Foundation has awarded 93 individual grants totaling $360,950. 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 |
|---|---|---|---|
Anna Junia Doan President & | 0 | $0 | |
Jeffery Doan VP & Asst. T | 0 | $0 | |
Michael Doan VP & Secreta | 0 | $0 | |
Alexandra Doan Drucker VP & Asst. S | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,786 |
| Capital Gain Net Income | $51,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $547 |
| Total Revenue | $92,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $558 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $12,371 |
| Contributions, gifts, grants paid | $93,000 |
| Total expenses and disbursements | $105,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,286 |
| 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 | $88,381 |
| Total assets | $903,798 |
| 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, The Doan Family Foundation has awarded $93,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF MIDLAND COUNTY PURPOSE: OPERATIONAL | $25,000 |
SALVATION ARMY PURPOSE: RELIGIOUS | $1,000 |
THE ROCK C4YD PURPOSE: OPERATIONAL | $1,000 |
MIDLAND KIDS FIRST PURPOSE: OPERATIONAL | $500 |
GREATER MIDLAND NORTH FAMILY CENTER PURPOSE: OPERATIONAL | $2,000 |
MIDLAND COUNTY EMERGENCY FOOD PANTR PURPOSE: OPERATIONAL | $1,000 |