Carl & Phyllis Dalton Family Foundation Inc
- Assets
- $19.7m
- Revenue
- $2.1m
- Investments
- $16.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 81-5246298
Organization Overview
Carl & Phyllis Dalton Family Foundation Inc is located in Detroit, MI. The organization was established in 2018. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carl & Phyllis Dalton Family 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, Carl & Phyllis Dalton Family Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carl & Phyllis Dalton Family Foundation Inc has awarded 54 individual grants totaling $4,177,567. 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 |
|---|---|---|---|
Richard Stoffels Co Fiduciary | 10 | $52,500 | |
Daniel Richardson Co Fiduciary | 10 | $48,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,163 |
| Dividends & Interest | $859,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,208,549 |
| Capital Gain Net Income | $1,208,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $441 |
| Total Revenue | $2,073,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,968 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,778 |
| Total operating and administrative expenses | $481,067 |
| Contributions, gifts, grants paid | $1,433,132 |
| Total expenses and disbursements | $1,914,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,302,061 |
| 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 | $721,529 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,707,341 |
| 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, Carl & Phyllis Dalton Family Foundation Inc has awarded $1,433,132 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
GATHERING CHRISTIAN FELLOWSHIP PURPOSE: GENERAL SUPPORT | $118,200 |
CELMA MASTRY OVARIAN CANCER PURPOSE: CHARITABLE | $5,000 |
TMP ENTERPRISES INC PURPOSE: CHARITABLE | $14,348 |
CONCERNS OF POLICE SURVIVORS PURPOSE: CHARITABLE | $15,000 |
BRIDGE COMMUNITY CHURCH PURPOSE: CAMP AWANA AND PONTOON BOAT | $98,600 |
UNIVERSITY OF NORTHWESTERN ST PAUL PURPOSE: GENERAL SUPPORT | $245,984 |