Benard L Maas Foundation
- Assets
- $4.0m
- Revenue
- $353.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/1943
- Data as of
- 12/2023
- EIN
- 38-6096405
Organization Overview
Benard L Maas Foundation is located in Ann Arbor, 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. Benard L Maas 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, Benard L Maas Foundation generated $353.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $768.3k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 8 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 2016, Benard L Maas Foundation has awarded 319 individual grants totaling $2,959,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUDATION ACCOMPLISHES ITS CHARITABLE PURPOSES THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew T Engelbert President/di | 10 | $129,500 | |
David E Engelbert Vp/dir/treas | 10 | $89,500 | |
Lynn H Engelrbert Dir/secretar | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jd Partners | 12/30/18 | $76,938 |
| 12/30/18 | $59,500 | |
| 12/30/18 | $56,500 | |
Jd Partners | 12/30/18 | $0 |
Matthew Engelbert | 12/30/18 | $0 |
David Engelbert | 12/30/18 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,295 |
| Dividends & Interest | $301,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,593 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $219,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $67,068 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,187 |
| Printing and publications | $0 |
| Other expenses | $29,790 |
| Total operating and administrative expenses | $320,125 |
| Contributions, gifts, grants paid | $448,200 |
| Total expenses and disbursements | $768,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,158 |
| 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 | $191 |
| Other assets | $0 |
| Total assets | $4,033,121 |
| 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, Benard L Maas Foundation has awarded $448,200 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL FUND | $2,500 |
ARBOR HOSPICE FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
BUILDING HOMES FOR HEROS PURPOSE: GENERAL FUND | $5,000 |
FIDF PURPOSE: GENERAL FUND | $10,000 |
FORGOTTEN HARVEST PURPOSE: GENERAL FUND | $10,000 |
HUMANE SOCIETY PURPOSE: GENERAL FUND | $1,000 |