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Michael T Assarian Foundation

Paul Wakefield Et Al Ttee
  • Detroit, MI
  • Tax-exempt since Dec. 2015
  • EIN: 38-7090484

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$175k (2024)

Expenses
$71.5k (2024)

Total Assets
$1.07M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,367
Expenses
$71,459
Net Income
$103,908
Net Assets
$1,069,406
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $48,789
27.8%
Sales of Assets $126,578
72.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,946
74.1%
Compensation of Officers* $19,353
27.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,069,406
Total Liabilities $0
Net Assets $1,069,406
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $19,353 $0

Document Links

990-PF
Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,288
Expenses
$68,846
Net Income
-$24,558
Net Assets
$963,366
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $36,559
82.5%
Sales of Assets $7,729
17.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,885
75.4%
Compensation of Officers* $18,846
27.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $963,366
Total Liabilities $0
Net Assets $963,366
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $18,846 $0

Document Links

990-PF
Filed on May 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,942
Expenses
$75,904
Net Income
-$48,962
Net Assets
$988,495
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,096
63.5%
Sales of Assets $9,846
36.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $57,946
76.3%
Compensation of Officers* $19,457
25.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $988,495
Total Liabilities $0
Net Assets $988,495
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $19,457 $0

Document Links

990-PF
Filed on Oct. 24, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,479
Expenses
$70,634
Net Income
-$35,155
Net Assets
$1,039,126
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,196
25.9%
Sales of Assets $26,283
74.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,063
73.7%
Compensation of Officers* $20,634
29.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,039,126
Total Liabilities $0
Net Assets $1,039,126
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $20,634 $0

Document Links

990-PF
Filed on May 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,264
Expenses
$73,802
Net Income
-$54,538
Net Assets
$1,073,202
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,990
46.7%
Sales of Assets $10,274
53.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,344
64.2%
Compensation of Officers* $18,440
25.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,073,203
Total Liabilities $1
Net Assets $1,073,202
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $18,440 $0

Document Links

990-PF
Filed on May 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$312,063
Expenses
$69,468
Net Income
$242,595
Net Assets
$1,066,923
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $11,691
3.7%
Sales of Assets $259,273
83.1%
Other Income $41,099
13.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,139
70.7%
Compensation of Officers* $11,394
16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,066,924
Total Liabilities $1
Net Assets $1,066,923
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $11,394 $0

Document Links

990-PF
Filed on Aug. 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$149,771
Expenses
$74,022
Net Income
$75,749
Net Assets
$824,058
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $11,651
7.8%
Sales of Assets $83,321
55.6%
Other Income $54,799
36.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,205
75.9%
Compensation of Officers* $7,833
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $824,058
Total Liabilities $0
Net Assets $824,058
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $7,833 $0

Document Links

990-PF
Filed on May 9, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,197
Expenses
$73,250
Net Income
-$2,053
Net Assets
$753,060
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,814
12.4%
Sales of Assets $7,584
10.7%
Other Income $54,799
77.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,540
75.8%
Compensation of Officers* $7,833
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $753,060
Total Liabilities $0
Net Assets $753,060
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $7,833 $0

Document Links

990-PF
Filed on May 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$77,700
Expenses
$106,804
Net Income
-$29,104
Net Assets
$756,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,502
10.9%
Sales of Assets $12,516
16.1%
Other Income $56,682
72.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $89,744
84.0%
Compensation of Officers* $7,586
7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $756,240
Total Liabilities $0
Net Assets $756,240
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $7,586 $0

Document Links

990-PF
Filed on May 11, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$66,917
Expenses
$48,798
Net Income
$18,119
Net Assets
$785,911
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,631
11.4%
Sales of Assets $4,487
6.7%
Other Income $54,799
81.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,994
71.7%
Compensation of Officers* $7,438
15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $785,911
Total Liabilities $0
Net Assets $785,911

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,339
Expenses
$46,214
Net Income
$16,125
Net Assets
$767,193
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,989
12.8%
Sales of Assets $0
Other Income $54,955
88.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,701
64.3%
Compensation of Officers* $7,010
15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $767,193
Total Liabilities $0
Net Assets $767,193

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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