Investment Professional For Charity Inc
- Assets
- $278.2k
- Revenue
- $179.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1816894
Organization Overview
Investment Professional For Charity Inc is located in Grosse Pointe Farms, MI. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Investment Professional For Charity Inc 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 12/2021, Investment Professional For Charity Inc generated $179.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $176.4k during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 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 2014, Investment Professional For Charity Inc has awarded 115 individual grants totaling $614,350. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Manilla Secretary | OfficerTrustee | 1 | $0 |
Michael Hayden President | OfficerTrustee | 1 | $0 |
Paul Cavazos Vice President | OfficerTrustee | 1 | $0 |
Robert Burdick Treasurer | OfficerTrustee | 1 | $0 |
Ken Huddson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $244,047 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,239 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$92,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $634 |
| Total functional expenses | $176,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $278,248 |
| Total liabilities and net assets/fund balances | $278,248 |
Grants Awarded
Over the last fiscal year, Investment Professional For Charity Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New Canaan, CT PURPOSE: IT IS A PLACE FOR MEANINGFUL INTERACTION WHERE PEOPLE OF ALL AGES, EXPERIENCES AND INTERESTS COME TO COLLABORATE FOR GOOD AND PURSUE PEACE WITHIN GRACE FARM'S 80 ACRES. | $20,000 |
Ann Arbor, MI PURPOSE: MICHIGAN MEDICINE TO DIRECT RESOURCES WHERE THEY ARE MOST NEEDED OR WHERE OPPORTUNITIES ARE GREATEST, FROM UPGRADING OR REPLACING A CRITICAL PIECE OF MEDICAL EQUIPMENT TO PROVIDING RESOURCES TO RESEARCHERS AND CLINICIANS. | $10,000 |
Kennesaw, GA PURPOSE: FREE THE WORLD FROM CANCER BY FUNDING AND CONDUCTING RESEARCH, SHARING EXPERT INFORMATION, SUPPORTING PATIENTS, AND SPREADING THE WORD ABOUT PREVENTION. | $10,000 |
Detroit, MI PURPOSE: DEDICATED TO ELIMINATING RACISM, EMPOWERING WOMEN, AND PROMOTING PEACE, JUSTICE, FREEDOM AND DIGNITY FOR ALL. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Investment Professional For Charity Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Vranos Foundation Pennington, NJ PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |