Canaan Foundation Trust
- Assets
- $890.3k
- Revenue
- $901.8k
- Investments
- $887.1k
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- Data as of
- 12/2021
- EIN
- 86-2393974
Organization Overview
Canaan Foundation Trust is located in Traverse City, 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. Canaan Foundation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana A Crosby Vice President | 0 | $0 | |
Keith M Nielson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $882,973 |
| Interest on Savings | $3 |
| Dividends & Interest | $6,864 |
| 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 | $11,952 |
| Total Revenue | $901,792 |
| 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 | $618 |
| Total operating and administrative expenses | $2,880 |
| Contributions, gifts, grants paid | $12,686 |
| Total expenses and disbursements | $15,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,196 |
| 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 | $887,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $890,342 |
| 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, Canaan Foundation Trust has awarded $12,686 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SLAVIC EVANGELICAL CHURCH PURPOSE: GENERAL OPERATING FUND | $5,000 |
LIVING HOPE ASSEMBLIES OF GOD PURPOSE: GENERAL OPERATING FUND | $3,788 |
Wheaton, IL PURPOSE: GENERAL OPERATING FUND | $1,400 |
BIG LIFE PURPOSE: GENERAL OPERATING FUND | $1,008 |
ASSEMBLIES OF GOD CONTRIBUTOR SERVI PURPOSE: GENERAL OPERATING FUND | $800 |
TRAVERSE LIFE CENTER PURPOSE: GENERAL OPERATING FUND | $690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |
Christ Cares For Kids Foundation Traverse City, MI | $46,569,965 | $9,675,626 |
James J And Joan A Gardner Family Foundation Cincinnati, OH | $68,091,187 | $14,231,664 |