Northern Lights Family Foundation
- Assets
- $4.0m
- Revenue
- $444.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-0866529
Organization Overview
Northern Lights Family Foundation is located in Ann Arbor, MI. The organization was established in 2016. 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. Northern Lights Family 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 12/2023, Northern Lights Family Foundation generated $444.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $231.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Northern Lights Family Foundation has awarded 93 individual grants totaling $599,780. 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 |
|---|---|---|---|
Michael J O'donnell President | 0.25 | $0 | |
Jan L Garfinkle Treasurer/secretary | 0.25 | $0 | |
Keely O'donnell Director | 0.25 | $0 | |
Devin O'donnell Director | 0.25 | $0 | |
Brienne O'donnell Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $309,376 |
| Interest on Savings | $83 |
| Dividends & Interest | $101,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,714 |
| Capital Gain Net Income | $33,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $444,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,746 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $231,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,189 |
| Savings and temporary cash investments | $870 |
| Net Accounts receivable | $14 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,963,672 |
| 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, Northern Lights Family Foundation has awarded $205,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
LEELANAU CONSERVANCY PURPOSE: ENVIRONMENT | $10,000 |
TART TRAILS PURPOSE: ENVIRONMENT | $10,000 |
VENTURE FORWARD PURPOSE: HUMAN SERVICES | $25,000 |
ANN ARBOR AREA COMMUNITY FOUNDATION PURPOSE: HUMAN SERVICES | $5,000 |
OUTREACH PROGRAM PURPOSE: HUMAN SERVICES | $5,000 |
COMMON CAUSE EDUCATION FUND PURPOSE: CIVIC ENGAGEMENT | $5,000 |