Costley Fam Foundatiion
- Assets
- $2.2m
- Revenue
- -$13.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 05/2005
- Data as of
- 06/2023
- EIN
- 65-6430931
Organization Overview
Costley Fam Foundatiion is located in Ann Arbor, MI. The organization was established in 2005. 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. Costley Fam Foundatiion is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Costley Fam Foundatiion has awarded 61 individual grants totaling $651,500. 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 |
|---|---|---|---|
Cheryl J Costley Trustee/president | 1 | $0 | |
Gary E Costley Trustee | 0 | $0 | |
Angela Costley Harris Trustee/executive Director | 10 | $31,200 | |
Alan N Harris Trustee | 0 | $0 | |
Chad D Costley Trustee | 0 | $0 | |
Leighann Hudkins Costley Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $654 |
| Dividends & Interest | $72,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,157 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | -$13,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166 |
| Total operating and administrative expenses | $52,578 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $127,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,831 |
| Savings and temporary cash investments | $205,000 |
| 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 | $895,365 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,182,149 |
| 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, Costley Fam Foundatiion has awarded $75,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYCE ANSLEY SCHOOL PURPOSE: CHARITABLE | $15,000 |
GUADALUPE CENTER OF IMMOKALEE PURPOSE: CHARITABLE | $10,000 |
BOYS & GIRLS CLUB OF METRO ATLANTA PURPOSE: CHARITABLE | $10,000 |
JRLA OPERATION GRADUATION PURPOSE: CHARITABLE | $10,000 |
KATE'S CLUB PURPOSE: CHARITABLE | $5,000 |
OZONE HOUSE PURPOSE: CHARITABLE | $2,500 |