Green Brick Foundation Inc
- Assets
- $7.3m
- Revenue
- $100.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-2552813
Organization Overview
Green Brick Foundation Inc is located in Traverse City, 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. Green Brick 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 12/2022, Green Brick Foundation Inc generated $100.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $502.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Green Brick Foundation Inc has awarded 230 individual grants totaling $1,397,890. 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 |
|---|---|---|---|
James Kemler Trustee | 1 | $0 | |
Paula Jo Kemler Trustee | 1 | $0 | |
David Rowe Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,302 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,662 |
| Capital Gain Net Income | $31,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,102 |
| Total operating and administrative expenses | $100,097 |
| Contributions, gifts, grants paid | $401,990 |
| Total expenses and disbursements | $502,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,001 |
| Savings and temporary cash investments | $5,224,871 |
| 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 | $279,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,309,337 |
| 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, Green Brick Foundation Inc has awarded $401,990 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS FOR ALL OF NORTHERN MICHIGAN PURPOSE: GENERAL OPERATION | $1,000 |
CAPUCHIN SOUP KITCHEN PURPOSE: DETROIT FOOD | $5,000 |
CROOKED TREE ART PURPOSE: GENERAL OPERATION | $1,000 |
CHERRYLAND HUMANE SOCIETY PURPOSE: GENERAL OPERATION | $500 |
CITY OPERA HOUSE PURPOSE: GENERAL OPERATION | $500 |
CROSSHATCH CENTER FOR ART & ECOLOGY PURPOSE: ALLUVION | $15,000 |