Daniel J Kobasic Foundation
- Assets
- $19.7m
- Revenue
- $727.4k
- Investments
- $19.0m
- Employees
- 0
- Location
- Escanaba, MI
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-1149474
Organization Overview
Daniel J Kobasic Foundation is located in Escanaba, MI. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Daniel J Kobasic 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, Daniel J Kobasic Foundation generated $727.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year .
Since 2020, Daniel J Kobasic Foundation has awarded 82 individual grants totaling $3,576,600. 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 |
|---|---|---|---|
Krystal Kobasic Director | 0 | $14,277 | |
Arthur H Evans Director | 0.3 | $8,300 | |
Todd C Lafave Financial Manager | 1.7 | $10,785 | |
Danica K Stanciu Director | 1 | $550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,439 |
| Interest on Savings | $6 |
| Dividends & Interest | $725,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $222,195 |
| Net ST Capital Gain | $31,928 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $727,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,827 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,905 |
| Printing and publications | $72 |
| Other expenses | $2,345 |
| Total operating and administrative expenses | $61,437 |
| Contributions, gifts, grants paid | $1,120,589 |
| Total expenses and disbursements | $1,182,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,299 |
| Savings and temporary cash investments | $231,004 |
| 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 | $2,560,193 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,689,986 |
| 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 | $93,618 |
| Total liabilities | $93,618 |
Grants Awarded
Over the last fiscal year, Daniel J Kobasic Foundation has awarded $1,120,589 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BAY CLIFF HEALTH CAMP PURPOSE: INFRASTRUCTURE IMPROVEMENTS | $275,000 |
BAY CLIFF HEALTH CAMP PURPOSE: FUND ACTIVITY FOR CAMPERS | $2,500 |
BAY DE NOC COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $9,381 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,500 |
DELTA COUNTY CHAMBER OF COMMERCE PURPOSE: OPERATIONAL SUPPORT | $2,000 |
FRIENDS OF THE ESCANABA PUBLIC LIBRARY PURPOSE: PURCHASE OF LIBRARY MATERIALS | $3,000 |