Robinson-Acevedo Family Foundation Inc
- Assets
- $488.8k
- Revenue
- $196.3k
- Investments
- $339.1k
- Employees
- 0
- Location
- Flint, MI
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-5408471
Organization Overview
Robinson-Acevedo Family Foundation Inc is located in Flint, MI. The organization was established in 2015. 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. Robinson-Acevedo Family Foundation 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 12/2023, Robinson-Acevedo Family Foundation Inc generated $196.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $247.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robinson-Acevedo Family Foundation Inc has awarded 16 individual grants totaling $530,000. 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 |
|---|---|---|---|
Joseph R Robinson President/trustee | 0.15 | $0 | |
Maria Teresa Robinson Secretary/trustee | 0.04 | $0 | |
Teresa A Robinson Vice President/trustee | 0.04 | $0 | |
Anne R Holmes-Robinson Treasurer/trustee | 0.04 | $0 | |
Joseph A Robinson Vice President/trustee | 0.04 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,120 |
| Capital Gain Net Income | $5,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93 |
| Total operating and administrative expenses | $2,700 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $247,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,855 |
| Savings and temporary cash investments | $139,790 |
| 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 | $339,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $488,776 |
| 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, Robinson-Acevedo Family Foundation Inc has awarded $245,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VISUAL ARTS CTR OF NEW JERSEY PURPOSE: GENERAL SUPPORT | $20,000 |
WOODWELL CLIMATE RESEARCH CENTER PURPOSE: GENERAL SUPPORT | $225,000 |