Generation Iv Charitable Trust
- Assets
- $1.3m
- Revenue
- $53.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 38-6781068
Organization Overview
Generation Iv Charitable Trust is located in Detroit, MI. The organization was established in 2001. 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. Generation Iv Charitable Trust 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, Generation Iv Charitable Trust generated $53.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $101.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Generation Iv Charitable Trust has awarded 62 individual grants totaling $296,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Comerica Trustee | 1 | $25,250 | |
Duane L Tarnacki Trustee | 1 | $0 | |
Danforth E Holley III Trustee | 1 | $0 | |
Drake Holley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,604 |
| Capital Gain Net Income | $16,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,902 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,314 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $101,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,459 |
| 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 | $0 |
| Total assets | $1,321,420 |
| 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, Generation Iv Charitable Trust has awarded $72,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ZAMAN INTERNATIONAL PURPOSE: SUPPORT OF DAILY OPERATIONS | $5,000 |
HIGH FIVES PURPOSE: SUPPORT OF DAILY OPERATIONS | $8,000 |
THE NIGHT MINISTRY PURPOSE: SUPPORT OF DAILY OPERATIONS | $3,000 |
INSPIRATION CORPORATION PURPOSE: SUPPORT OF DAILY OPERATIONS | $3,000 |
CHILDREN FIRST FUND PURPOSE: SUPPORT OF DAILY OPERATIONS | $3,000 |
REFUGEE ONE PURPOSE: SUPPORT OF DAILY OPERATIONS | $5,000 |