Biel Family Foundation Inc

Overview

The Biel Family Foundation Inc., with an EIN of 461474088, is designated as a philanthropic organization under the category of private grantmaking foundations. It is classified as a charitable entity, allowing donations to be tax-deductible.

Financial Summary

As of the fiscal year 2023, the Biel Family Foundation Inc. reported a revenue of $11,300 and expenses amounting to $14,800. The organization's total assets were valued at $50,300, with no total liabilities recorded for that year.

In earlier years, such as 2018, the foundation received significant contributions, which formed the bulk of its revenue. For example, in 2018, contributions constituted about 95.9% of its total revenue, while charitable disbursements accounted for 99.6% of its expenses.

Governance and Compensation

Key personnel, including Janice M. Biel (President, Secretary, Treasurer, and Director), Brandon Biel (Director), and Jacqueline Biel (Director), have not received any compensation for their roles. This reflects a structure where officers' compensation is either absorbed within charitable disbursements or non-existent.

Activities

While specific details on the foundation's activities are not extensively documented, private foundations like the Biel Family Foundation Inc. typically focus on charitable, educational, or scientific initiatives. However, there are other Biel Family Foundations with slightly different focuses and locations.

Distinction

It is essential to note that there might be confusion with another organization, also named Biel Family Foundation, located in Grand Rapids, MI, which focuses on religious, educational, civic, and medical initiatives[4]. The EIN 461474088 specifically refers to a foundation associated with Janice Biel and located in Slinger, WI, where it operates as a private foundation with a different scope.