Little Brothers Friends Of The Elderly Upper Michigan Foundation
- Assets
- $1.1m
- Revenue
- $164.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hancock, MI
- Founding
- 04/2015
- Data as of
- 09/2020
- EIN
- 47-2458036
Organization Overview
Little Brothers Friends Of The Elderly Upper Michigan Foundation is located in Hancock, MI. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Brothers Friends Of The Elderly Upper Michigan 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 09/2020, Little Brothers Friends Of The Elderly Upper Michigan Foundation generated $164.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $121.0k during the year ending 09/2020. While expenses have increased by 11.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LITTLE BROTHERS - FRIENDS OF THE ELDERLY UPPER MICHIGAN CHAPTER WITH FINANCIAL SUPPORT TO PROVIDE PROGRAMS AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUSTAINABLE FINANCIAL SUPPORT TO LITTLE BROTHERS - FRIENDS OF THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Aten Director | Trustee | 21 | $31,387 |
Eric Halonen President | Trustee | 0.5 | $0 |
Ted Simonsen Vice Preside | Trustee | 0.5 | $0 |
Michael Lydon Treasurer | Trustee | 0.5 | $0 |
Jeff Veum Director | Trustee | 0.5 | $0 |
Cheryl O'brien Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,857 |
| Investment income | $29,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,275 |
| Statement of Expenses | |
|---|---|
| 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. | $31,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,296 |
| Fees for services: Other | $8,577 |
| Advertising and promotion | $278 |
| Office expenses | $1,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $723 |
| Travel | $83 |
| 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 | $1,147 |
| All other expenses | $0 |
| Total functional expenses | $121,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951 |
| 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 |
| Investments—publicly traded securities | $1,097,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,098,294 |
| Accounts payable and accrued expenses | $19,857 |
| 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 | $19,857 |
| 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 |
| Total liabilities and net assets/fund balances | $1,078,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little Brothers Friends Of The Elderly Upper Michigan Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $54,337 |
| Earnings | $3,667 |
| Net Contributions | $37,299 |
| Grants | -$2,014 |
| Ending Balance | $93,289 |
Peer Organizations
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|---|---|---|
Upcap Services Inc Escanaba, MI | $35,179,292 | $33,596,590 |
Rocket Giving Fund Detroit, MI | $2,590,205 | $13,264,068 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Asias Hope Columbus, OH | $3,429,786 | $3,149,980 |
The Michigan Womens Foundation Detroit, MI | $9,039,514 | $2,557,642 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Ohio Living Foundation Westerville, OH | $93,570,662 | $6,381,940 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Sealkids Inc Dublin, OH | $263,356 | $1,692,009 |
Kalamazoo County Ready 4s Kalamazoo, MI | $2,733,635 | $1,299,899 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |