Nonprofit · EIN 35-7294609
GILBERT FAM FOUNDATION
Also known as MATTHEW RIZIK TTEE
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $131,783,494 | $96,724,194 | $35,059,300 | $53,066,194 | $51,023,958 | $2,042,236 |
| December 31, 2023 | 990-PF (amended) | $38,521,985 | $109,765,692 | -$71,243,707 | $36,991,538 | $71,246,678 | -$34,255,140 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,606,908
- Dividends
- $131,100
- Interest
- $1,045,486
Expenses
- Grants and similar amounts paid
- $91,460,204
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,953,138
- Disbursements for charitable purposes
- $116,867,502
- Excise tax on investment income
- $833,364
Balance sheet and other
- Total assets, start of year
- $36,991,538
- Total assets, end of year
- $53,066,194
- Total liabilities, end of year
- $51,023,958
- Net assets, end of year
- $2,042,236
- Fair market value of assets
- $53,066,194
- Qualifying distributions
- $116,867,502
- Net investment income
- $59,954,271
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 | Other / benefits |
|---|---|---|---|---|
| KALYAN VINNAKOTA 1074 WOODWARD AVENUE, DETROIT, MI 48226 | DIRECTOR, CURING NF Highest-paid employee | 40 | $225,889 | $12,123 |
| DARNELL ADAMS 1074 WOODWARD AVENUE, DETROIT, MI 48226 | VICE PRESIDENT, DETR Highest-paid employee | 40 | $212,734 | $8,118 |
| JJ VELEZ 1074 WOODWARD AVENUE, DETROIT, MI 48226 | DIRECTOR, PUBLIC SPA Highest-paid employee | 40 | $167,019 | $19,805 |
| ELWY OKAZ 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SENIOR SCIENTIFIC PR Highest-paid employee | 40 | $151,641 | $11,144 |
| POORNIMA VENKAT 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SCIENTIFIC PROGRAM M Highest-paid employee | 40 | $136,234 | $20,606 |
| JENNIFER GILBERT 1074 WOODWARD AVENUE, DETROIT, MI 48226 | PRESIDENT | 1 | $0 | $0 |
| JEFFREY MORGANROTH 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SECRETARY | 1 | $0 | $0 |
| MATTHEW RIZIK 1074 WOODWARD AVENUE, DETROIT, MI 48226 | TREASURER | 1 | $0 | $0 |
| LAURA GRANNEMANN 1074 WOODWARD AVENUE, DETROIT, MI 48226 | EXECUTIVE DIRECTOR | 24 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARNELL ADAMS 1074 WOODWARD AVENUE, DETROIT, MI 48226 | DIRECTOR, DETROIT CO Highest-paid employee | 40 | $174,953 | $9,856 |
| KALYAN VINNAKOTA 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SENIOR SCIENTIFIC PR Highest-paid employee | 40 | $164,091 | $10,740 |
| JJ VELEZ 1074 WOODWARD AVENUE, DETROIT, MI 48226 | DIRECTOR, PUBLIC SPA Highest-paid employee | 40 | $153,571 | $21,974 |
| JASMIN DEFORREST 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SENIOR DIRECTOR, ART Highest-paid employee | 40 | $137,303 | $11,008 |
| JAMES FEAGIN 1074 WOODWARD AVENUE, DETROIT, MI 48226 | DIRECTOR, ECONOMIC M Highest-paid employee | 40 | $118,949 | $18,962 |
| JENNIFER GILBERT 1074 WOODWARD AVENUE, DETROIT, MI 48226 | PRESIDENT | 1 | $0 | $0 |
| JEFFREY MORGANROTH 1074 WOODWARD AVENUE, DETROIT, MI 48226 | SECRETARY | 1 | $0 | $0 |
| MATTHEW RIZIK 1074 WOODWARD AVENUE, DETROIT, MI 48226 | TREASURER | 1 | $0 | $0 |
| LAURA GRANNEMANN 1074 WOODWARD AVENUE, DETROIT, MI 48226 | EXECUTIVE DIRECTOR | 24 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1074 WOODWARD AVE, DETROIT, MI 48226-1906
- Signed the 990-PF
- MATTHEW J RIZIK, TREASURER
- Phone
- (313) 782-9500
- Return prepared by
- PLANTE & MORAN PLLC
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
- 35-7294609
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $53,066,194
- Income (IRS master file)
- $211,780,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $131,783,494 | $96,724,194 | $53,066,194 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $38,521,985 | $109,765,692 | $36,991,538 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 35-7294609).
Questions about GILBERT FAM FOUNDATION
- What is the EIN of GILBERT FAM FOUNDATION?
- The employer identification number (EIN) of GILBERT FAM FOUNDATION is 35-7294609.
- Is GILBERT FAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GILBERT FAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GILBERT FAM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GILBERT FAM 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 GILBERT FAM 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 GILBERT FAM FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $225,889 (KALYAN VINNAKOTA, DIRECTOR, CURING NF).
- How much revenue does GILBERT FAM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $131,783,494, expenses of $96,724,194 and total assets of $53,066,194 at year end.
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