Danialle And Peter Karmanos Jr Family Foundation
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-6590383
Organization Overview
Danialle And Peter Karmanos Jr Family Foundation is located in Birmingham, MI. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Danialle And Peter Karmanos Jr 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 12/2023, Danialle And Peter Karmanos Jr Family Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danialle Karmanos Trustee | 5 | $0 | |
Peter Karmanos Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,004,269 |
| Interest on Savings | $1,634 |
| Dividends & Interest | $0 |
| 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 | $2,005,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,295 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $193,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,677 |
| 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 | $2,004,269 |
| Total assets | $2,037,946 |
| 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, Danialle And Peter Karmanos Jr Family Foundation has awarded $190,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BELLE ISLE CONSERVANCY PURPOSE: RUBY SPONSORSHIP FOR POLISH THE JEWEL | $10,000 |
UNIVERSITY OF MICHIGAN PURPOSE: PREMIER SPONSORSHIP FOR WOMEN'S HEALTH LUNCHEON | $25,000 |
MICHIGAN JEWISH SPORTS FOUNDATION PURPOSE: SPONSORSHIP FOR HANK GREENBERG MEMORIAL | $25,000 |
UNIVERSITY OF DETROIT JESUIT PURPOSE: INVITATIONAL SPONSOR + MAROON & WHITE GALA | $40,000 |
MICHIGAN CROSSROADS COUNCIL BSA PURPOSE: GIFT TO 2023 FRIENDS OF SCOUTING | $25,000 |
AHA ATTITUDE HARMONY ACHIEVEMENT PURPOSE: GIFT TO AHA! ATTITUDE, HARMONY, ACHIEVEMENT | $25,000 |