Edward & Helen Mardigian Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Edward & Helen Mardigian Foundation is a 501(c)(3) organization based in Bloomfield Hills, Michigan, registered in 1956, with $2,903,569 in FY2024 revenue. CharityIndex grades it C+.
39400 Woodward Ave, Bloomfield Hills, MI, 48304 EIN 38-6048886 Since 1956
Revenue (FY2024)
$2.9M
▼ 90.9% vs prior year
Expenses (FY2024)
$3.1M
Net assets
$40.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Edward & Helen Mardigian Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating160 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward & Helen Mardigian Foundation: 160 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Edward & Helen Mardigian Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward & Helen Mardigian Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 39400 Woodward Ave, Bloomfield Hills, MI, 48304
- City
- Bloomfield Hills
- State
- Michigan
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $1.6M (FY2014) to $2.9M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $40.7M
Operating margin
-5.4%
Spent more than it raised in the latest fiscal year.
Total assets
$40.7M
Total liabilities
$0
Net assets
$40.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,903,569▼90.9% | $3,060,580▲20.5% | $40,715,184▼5.6% | $40,715,184▼5.6% | 990PF |
| 2023 | $31,927,410▲988% | $2,539,446▼30.2% | $43,129,513▲214% | $43,129,513▲214% | 990PF |
| 2022 | $2,934,454▲69.9% | $3,638,190▲25.7% | $13,741,549▼6.2% | $13,741,549▼6.2% | 990PF |
| 2021 | $1,726,854▲4.2% | $2,895,082▲19.1% | $14,650,053▼8.1% | $14,650,053▼8.1% | 990PF |
| 2020 | $1,657,089▼38.1% | $2,430,945▼33.7% | $15,935,936▼13.6% | $15,935,936▼13.6% | 990PF |
| 2018 | $2,676,100▲70.4% | $3,667,615▲66.1% | $18,453,607▲3.8% | $18,453,607▲3.8% | 990PF |
| 2014 | $1,570,036 | $2,208,407▼73.3% | $17,778,562▼7.7% | $17,778,562▼7.7% | 990PF |
| 2012 | — | $8,268,386▲374% | $19,255,301▲43.9% | $19,255,301▲43.9% | 990PF |
| 2011 | — | $1,744,664▲67.2% | $13,378,735▲3.7% | $13,378,735▲3.7% | 990PF |
| 2010 | — | $1,043,556 | $12,906,360 | $12,906,360 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Edward & Helen Mardigian Foundation a legitimate nonprofit?
- Yes. Edward & Helen Mardigian Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-6048886, based in Bloomfield Hills, Michigan. Donations are tax-deductible.
- What is Edward & Helen Mardigian Foundation's EIN?
- Edward & Helen Mardigian Foundation's Employer Identification Number (EIN) is 38-6048886.
- How much revenue does Edward & Helen Mardigian Foundation report?
- Edward & Helen Mardigian Foundation reported $2,903,569 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Edward & Helen Mardigian Foundation have?
- CharityIndex grades Edward & Helen Mardigian Foundation C+, based on financial health (reserves and operating margin).
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Data for Edward & Helen Mardigian Foundation (EIN 38-6048886) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.