Revived Hearts Foundation

NILES, MI EIN: 82-1702993

Revived Hearts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NILES, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $452K in total assets. In 2024, it awarded 1 grants totaling $232K. Net investment income was $142K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$452K

-2.2% YoY

Annual Giving

$232K

+673.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$232K

+673.3% YoY

Under IRS private-foundation payout rules, Revived Hearts Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About Revived Hearts Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Revived Hearts Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $838K (100%)

States

Michigan

Cities

Niles

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$452,417	$462,638	$281,898
Revenue	$148,889	$161,602	$174,819
Expenses	$243,489	$64,475	$185,706
Qualifying Distributions	$234,496	$31,315	$166,114
Net Investment Income	$142,025	$131,563	$159,079
Distributable Amount	$22,979	$19,874	$13,526

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Revive Our Hearts ($232,000).

Recipient	Purpose	Amount
REVIVE OUR HEARTS NILES, MI	MINISTRY OUTREACHREVIVE OUR HEARTS	$232,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
NANCY DEMOSS WOLGEMUTH	DIRECTOR, PRESIDENT	0.25	—
MARTIN JONES	DIRECTOR, SECRETARY, TREASURER	1	—
ROBERT WOLGEMUTH	DIRECTOR	0.25	—
ERIK WOLGEMUTH	DIRECTOR	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Revived Hearts Foundation?

Revived Hearts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NILES, MI. It holds $452K in total assets as of 2024.

How large is Revived Hearts Foundation?

As of 2024, Revived Hearts Foundation holds $452K in total assets with $149K in annual revenue. It awarded 1 grants totaling $232K in 2024.

Where does Revived Hearts Foundation operate?

Revived Hearts Foundation has awarded grants in Michigan.

What size grants does Revived Hearts Foundation award?

In 2024, Revived Hearts Foundation awarded 1 grants totaling $232K — an average of about $232K per grant, based on its IRS Form 990 filings.

How much is Revived Hearts Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Revived Hearts Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.