Melvin R & Ada C Greiser Fdn
- Assets
- $644.4k
- Revenue
- $45.1k
- Investments
- $644.2k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 00/0000
- Data as of
- 11/2023
- EIN
- 51-0190031
Organization Overview
Melvin R & Ada C Greiser Fdn is located in Troy, MI. The organization was established in 0000. 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. Melvin R & Ada C Greiser Fdn 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 11/2023, Melvin R & Ada C Greiser Fdn generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $76.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Melvin R & Ada C Greiser Fdn has awarded 153 individual grants totaling $379,892. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Greiser Hill Trustee | 1 | $0 | |
Rev Ronald E Greiser Trustee | 1 | $0 | |
William Barrett Trustee | 1 | $0 | |
Hugh Alan Greiser Secretary | 1 | $0 | |
Russell C Brown President | 1 | $0 | |
Ron Greiser Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,076 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,018 |
| Capital Gain Net Income | $24,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $45,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $7,799 |
| Contributions, gifts, grants paid | $68,267 |
| Total expenses and disbursements | $76,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195 |
| 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 | $505,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $644,362 |
| 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, Melvin R & Ada C Greiser Fdn has awarded $68,267 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MINUTES MATTER MCADD PURPOSE: GENERAL SUPPORT | $7,463 |
MARIAN HIGH SCHOOL ENDOWMENT FUND PURPOSE: GENERAL SUPPORT | $8,561 |
TRINE UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $466 |
KENYON COLLEGE PURPOSE: GENERAL SUPPORT | $200 |
THE LUSTGARTEN FOUNDATION PURPOSE: GENERAL SUPPORT | $2,250 |