Esther Gordy Bullock Edwards Foundation
- Assets
- $3.1m
- Revenue
- $102.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-2577667
Organization Overview
Esther Gordy Bullock Edwards Foundation is located in Southfield, MI. The organization was established in 2011. 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. Esther Gordy Bullock Edwards 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, Esther Gordy Bullock Edwards Foundation generated $102.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $202.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Esther Gordy Bullock Edwards Foundation has awarded 56 individual grants totaling $737,123. 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 |
|---|---|---|---|
Elesha Bridgers President, Director | 10 | $70,000 | |
Robin Terry Treasurer, Director | 1 | $0 | |
Gwendolyn Nichole Secretary, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,834 |
| Dividends & Interest | $65,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,995 |
| Capital Gain Net Income | $33,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,954 |
| Depreciation | $0 |
| Occupancy | $4,050 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,511 |
| Total operating and administrative expenses | $113,555 |
| Contributions, gifts, grants paid | $89,333 |
| Total expenses and disbursements | $202,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,571 |
| 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 | $2,752,600 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $343,625 |
| Total assets | $3,141,796 |
| 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, Esther Gordy Bullock Edwards Foundation has awarded $89,333 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AIKEN (SC) CHAPTER OF THE LINKS INC PURPOSE: GENERAL SUPPORT | $5,000 |
BISON IN VEGAS HBCU ALUMNI PURPOSE: GENERAL SUPPORT | $2,000 |
100 BLACK MEN LAS VEGAS PURPOSE: GENERAL SUPPORT | $10,000 |
GIVE MERIT INC PURPOSE: GENERAL SUPPORT | $5,000 |
BLACK UNITED FUND OF MICHIGAN INC PURPOSE: GENERAL SUPPORT | $1,000 |
GLENELG COUNTRY SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |