Alex And Marie Manoogian Foundation
- Assets
- $14.5m
- Revenue
- -$585.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 38-6089952
Organization Overview
Alex And Marie Manoogian Foundation is located in Dearborn, MI. The organization was established in 1943. 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. Alex And Marie Manoogian 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, Alex And Marie Manoogian Foundation generated -$585.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alex And Marie Manoogian Foundation has awarded 21 individual grants totaling $4,992,100. 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 |
|---|---|---|---|
Richard A Manoogian Chairman/treasu | 20 | $300,000 | |
Eugene A Gargaro Jr President/secre | 30 | $300,000 | |
Jane C Manoogian Vice President | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ram Investment Group Inc | 12/30/23 | $603,950 |
Whitman Consulting Llc | 12/30/23 | $75,000 |
Beam International Llc | 12/30/23 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45,051 |
| Dividends & Interest | $119,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$750,545 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$585,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,667 |
| Taxes | $16,609 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,952 |
| Total operating and administrative expenses | $1,540,726 |
| Contributions, gifts, grants paid | $1,207,900 |
| Total expenses and disbursements | $2,748,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $427,117 |
| 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 | $3,188 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,799,902 |
| Total assets | $14,499,540 |
| 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, Alex And Marie Manoogian Foundation has awarded $1,207,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: OPERATING FUND/CHARITABLE | $85,000 |
SEE ATTACHED SCHEDULE PURPOSE: OPERATING FUND/RELIGIOUS/CULTURAL | $972,900 |
SEE ATTACHED SCHEDULE PURPOSE: OPERATING FUND/EDUCATIONAL | $150,000 |