Keith a Iverson Foundation FY2020 filing

Tax-deductible

Bloomfld Hls, MI501(c)(3)Foundations & GrantmakersEIN 38-3378231

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2020 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $258K a year · 50% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$191K
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Revenue by fiscal year
FY2020$1.1M
FY2021$511K
FY2022$84K
FY2023$399K
FY2024$524K
Expenses
$191K
FY2020
Expenses by fiscal year
FY2020$191K
FY2021$193K
FY2022$267K
FY2023$309K
FY2024$331K
Net assets
$3.9M
FY2020
Net assets by fiscal year
FY2020$3.9M
FY2021$4.3M
FY2022$4.1M
FY2023$4.2M
FY2024$4.4M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 65% · $125K Operating & administrative 35% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023
Amy M Corbin$5,000$3,000
Clifford T Iverson$5,000$3,000
John M Foster$5,000$3,000
Mark D Hamlin$5,000$3,000
Michael H Russell$5,000$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Keith a Iverson Foundation executive salaries →

Programs and updates

A private foundation based in Bloomfld Hls, MI.

Provided by the organization

This section is blank until Keith a Iverson Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 15 grants · $250K · 2024–2024
Student Leadership AcademyFY2024$50,000
ASPCAFY2024$50,000
Eton AcademyMI · FY2024$20,000
New Hope ChurchFY2024$15,000
Huron Valley Baseball & SoftballFY2024$15,000
Yoga SupportTX · FY2024$12,500
Community SharingMI · FY2024$10,000
Huron Forest Camp Cedar RidgeFY2024$7,500
Wounded Warrior Project INCFL · FY2024$5,000
Turning PointFY2024$5,000
Michigan Humane SocietyMI · FY2024$5,000
Kids' Food Basket INCMI · FY2024$5,000
Detroit Dog RescueMI · FY2024$5,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV9
Average grantPart XV$17K
Median grantPart XV$12K
Largest grantPart XV$50K
Top cause focusNTEEEducation (13%)

By the numbers

The FY2020 990-PF, line by line.

1The main four
Money in
$1.1M
Investment income$905K
Gifts and grants$159K
Money out
$191K
Grants paid$125K
Running costs$66K
Owns and owes
$3.9M
net assets
Cash and savings$42K
Total assets$3.9M
Liabilities$0
2In more detail
Revenue in detail
Gifts and grants$159K
Investment income$905K
Total revenue$1.1M
Assets in detailEnd of year
Cash and savings together$42K
Total assets$3.9M
Liabilities$0
Net assets$3.9M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $524K$331K$192K$4.4M 990 PDF
FY2023 $399K$309K$89K$4.2M 990 PDF
FY2022 $84K$267K−$183K$4.1M 990 PDF
FY2021 $511K$193K$318K$4.3M 990 PDF
FY2020 Viewing $1.1M$191K$872K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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