Apel Foundation
- Assets
- $2.5m
- Revenue
- $329.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Monroe, MI
- Founding
- Data as of
- 12/2023
- EIN
- 83-2574705
Organization Overview
Apel Foundation is located in Monroe, MI. 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. Apel 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, Apel Foundation generated $329.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $147.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Apel Foundation has awarded 18 individual grants totaling $425,615. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
DONATIONS TO IMPROVE COMMUNITY AFAIRS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $289,083 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,977 |
| Capital Gain Net Income | $18,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,939 |
| Total Revenue | $329,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,421 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $916 |
| Total operating and administrative expenses | $7,270 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $147,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $425,415 |
| 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 | $1,949,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$256,920 |
| Total assets | $2,507,934 |
| 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, Apel Foundation has awarded $140,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL OPERATING FUNDS | $40,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: GENERAL OPERATING FUNDS | $40,000 |
WOUNDED WARRIOR PROJECT PURPOSE: GENERAL OPERATING FUNDS | $40,000 |
AMERICAN FRIENDS OF LEKET ISRAEL PURPOSE: GENERAL OPERATING FUNDS | $20,000 |