Luptak Family Foundation
- Assets
- $3.4m
- Revenue
- $69.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 42-1530038
Organization Overview
Luptak Family Foundation is located in Farmington Hills, MI. The organization was established in 2006. 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. Luptak 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, Luptak Family Foundation generated $69.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (54.7%) each year. All expenses for the organization totaled $137.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luptak Family Foundation has awarded 14 individual grants totaling $462,500. 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 |
|---|---|---|---|
Paola M Luptak President, Director | 0 | $0 | |
Nina D Luptak Treasurer, Director | 0 | $0 | |
Markus E Jakobson Secretary | 0 | $0 | |
Paul A Jakobson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,670 |
| Dividends & Interest | $30,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,499 |
| Capital Gain Net Income | $27,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,458 |
| Total operating and administrative expenses | $23,363 |
| Contributions, gifts, grants paid | $114,000 |
| Total expenses and disbursements | $137,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,446,825 |
| 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 | $907,850 |
| Total assets | $3,354,675 |
| Accounts payable and accrued expenses | $20 |
| 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 | $20 |
Grants Awarded
Over the last fiscal year, Luptak Family Foundation has awarded $114,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
ST JUDE CATHOLIC CHURCH & SCHOOL PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
UNIVERSITY OF MICHIGAN PURPOSE: GENERAL PROGRAM SUPPORT | $14,000 |