Nonprofit · EIN 38-2575307
GROSFELD FOUNDATION
Tax-exempt · SOUTHFIELD, MI 48076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $22,518,917 | $5,460,080 | $17,058,837 | $17,214,056 | $0 | $17,214,056 |
| December 31, 2023 | 990-PF | $95 | $6,307 | -$6,212 | $121,004 | $1,000 | $120,004 |
| November 30, 2023 | 990-PF | $1,481,239 | $2,712,208 | -$1,230,969 | $127,226 | $1,010 | $126,216 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,185,778
- Dividends
- $333,139
Expenses
- Grants and similar amounts paid
- $5,391,814
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,459,123
- Excise tax on investment income
- $5,111
Balance sheet and other
- Total assets, start of year
- $121,004
- Total assets, end of year
- $17,214,056
- Total liabilities, end of year
- $0
- Net assets, end of year
- $17,214,056
- Fair market value of assets
- $17,214,056
- Qualifying distributions
- $5,459,123
- Net investment income
- $368,654
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | PRESIDENT & TREASURER | 0 | $0 |
| NANCY GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | VICE PRES. & SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | PRESIDENT & TREASURER | 0 | $0 |
| NANCY GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | VICE PRES. & SECRETARY | 0 | $0 |
990-PF for the year ended November 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | PRESIDENT & TREASURER | 0 | $0 |
| NANCY GROSFELD ONE TOWN SQUARE SUITE 1600, SOUTHFIELD, MI 48076 | VICE PRES. & SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 TOWNE SQ STE 1600, SOUTHFIELD, MI 48076-3728
- Signed the 990-PF
- JAMES GROSFELD, PRESIDENT
- Phone
- (313) 256-7610
- Return prepared by
- FRANK HIRSCH SUBELSKY & FREEDMAN PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-2575307
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $17,214,056
- Income (IRS master file)
- $22,518,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $22,518,917 | $5,460,080 | $17,214,056 | XML |
| 990-PF | December 2023 | $95 | $6,307 | $121,004 | XML |
| 990-PF | November 2023 | $1,481,239 | $2,712,208 | $127,226 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2575307).
Questions about GROSFELD FOUNDATION
- What is the EIN of GROSFELD FOUNDATION?
- The employer identification number (EIN) of GROSFELD FOUNDATION is 38-2575307.
- Is GROSFELD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to GROSFELD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GROSFELD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GROSFELD FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GROSFELD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GROSFELD FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does GROSFELD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $22,518,917, expenses of $5,460,080 and total assets of $17,214,056 at year end.
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