Michael & Diane Takac Family Foundation
- Assets
- $391.5k
- Revenue
- $9.3k
- Investments
- $277.0k
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0868870
Organization Overview
Michael & Diane Takac Family Foundation is located in Lake Oswego, OR. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Michael & Diane Takac 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 12/2022, Michael & Diane Takac Family Foundation generated $9.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael & Diane Takac Family Foundation has awarded 136 individual grants totaling $116,100. 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 Takac Vice President | 1 | $0 | |
Brooke Takac Buzzi Director | 1 | $0 | |
Diane Takac President | 1 | $0 | |
Jessica Takac Cronan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,264 |
| Contributions, gifts, grants paid | $20,600 |
| Total expenses and disbursements | $29,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,482 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $391,501 |
| 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, Michael & Diane Takac Family Foundation has awarded $20,600 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO THE SALVATION ARMY PROGRAMS WHICH INCLUDE FOOD, UTILITY AND RENT ASSISTANCE, AFTER SCHOOL PROGRAMS THAT KEEP VULNERABLE CHILDREN SAFE AND NURTURE THEIR DEVELOPMENT, SENIOR CITIZEN PROGRAMS THAT PROVIDE HOUSING, SOCIAL SUPPORTS AND DAILY WARM MEALS, AND SHELTERS THAT OFFER COMPREHENSIVE SUPPORTIVE SERVICES FOR MEN, WOMEN AND THEIR CHILDREN. | $2,500 |
Washington, DC PURPOSE: TO SUPPORT ACE IN ITS MISSION TO INFLUENCE HIGHER EDUCATION AND DEGREE-GRANTING INSTITUTIONS. | $2,500 |
HABITAT FOR HUMANITY PURPOSE: SUPPORTING A GLOBAL NONPROFIT HOUSING ORGANIZATION TO FULFILL THE VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. PARTNERING WITH PEOPLE IN LOCAL COMMUNITIES TO HELP BUILD THEIR OWN HOMES ALONGSIDE VOLUNTEERS AND PAY AN AFFORDABLE MORTGAGE. | $2,500 |
Denver, CO PURPOSE: FINANCIAL SUPPORT FOR THE DENVER PROGRAM OF HELPING PEOPLE WHO ARE EXPERIENCING HOMELESSNESS AND ADDICTION WITH THE PRIMARY GOAL OF SEEING LIVES TRANSFORMED THROUGH PERSONAL ACCOUNTABILITY, EDUCATION, SPIRITUAL DEVELOPMENT AND COMMUNITY RELATIONSHIPS. | $2,500 |
LINCOLN ACADEMY FOUNDATION PURPOSE: PROVIDING FINANCIAL SUPPORT FOR THE MISSION OF LINCOLN ACADEMY CHARTER SCHOOL, TO HELP STUDENTS ATTAIN THEIR HIGHEST SOCIAL AND ACADEMIC POTENTIAL THROUGH AN ACADEMICALLY RIGOROUS, CONTENT-RICH EDUCATIONAL PROGRAM IN A SAFE, ORDERLY, AND CARING ENVIRONMENT. | $1,500 |
GOOD GRIEF GUIDANCE PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR PROGRAMS THAT ASSIST FAMILIES AND CHILDREN IN GRIEF AND CONTINUATION OF LIFE. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |