Chemical Bank Foundation
- Assets
- $0.0
- Revenue
- $664.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- Data as of
- 12/2017
- EIN
- 46-2220813
Organization Overview
Chemical Bank Foundation is located in Midland, MI.
For the year ending 12/2017, Chemical Bank Foundation generated $664.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn M Kerber Chair & Pres | 5 | $0 | |
Deborah L Becker Secretary | 4 | $0 | |
Richard Devries Vice Pres. | 0.75 | $0 | |
Robert S Rathbun Vice Pres. | 0.75 | $0 | |
Joel F Rahn Vice Pres. | 0.75 | $0 | |
Donna Mcavoy Vice Pres. | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $4,570 |
| Dividends & Interest | $8,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $351,982 |
| Capital Gain Net Income | $351,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $664,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $147 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,247 |
| Contributions, gifts, grants paid | $2,577,608 |
| Total expenses and disbursements | $2,578,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Chemical Bank Foundation has awarded $5,155,216 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF BAY COUNTY PURPOSE: PROGRAM COSTS | $1,000 |
BATTLE CREEK COMMUNITY FOUNDATION PURPOSE: CALHOUN COUNTY LAND BANK'S TRANSFER | $7,000 |
ARTIST ADVOCACY FOUNDATION PURPOSE: CONCERT & LECTURE SERIES | $5,000 |
AMERICAN FRIENDS OF THE HEBREW UNIV PURPOSE: 2017 TORCH LEARNING AWARD DINNER | $15,000 |
AFFORDABLE HOUSING OF MIDLAND COUNT PURPOSE: RENOVATE NEW OFFICE FACILITY LOCATED | $15,000 |
BAY AREA COMMUNITY FOUNDATION PURPOSE: IMAGINATION PLAYGROUND | $1,000 |