Goergen Foundation Inc
- Assets
- $39.9m
- Revenue
- $3.1m
- Investments
- $39.0m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 06-1180035
Organization Overview
Goergen Foundation Inc is located in North Palm Beach, FL. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goergen Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Goergen Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Goergen Foundation Inc has awarded 264 individual grants totaling $4,892,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Goergen President / Trustee | 1 | $0 | |
Pamela M Goergen Sec/treas / Trustee | 1 | $0 | |
Robert B Goergen Jr V.P. / Trustee | 1 | $0 | |
Todd A Goergen V.P. / Trustee | 1 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Manhattan | 12/30/22 | $51,295 |
Ropart Investments Llc | 12/30/22 | $275,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $439,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,000,464 |
| Capital Gain Net Income | $2,000,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $686,291 |
| Total Revenue | $3,125,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $236 |
| Taxes | $1,212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $222,874 |
| Total operating and administrative expenses | $303,626 |
| Contributions, gifts, grants paid | $1,253,377 |
| Total expenses and disbursements | $1,557,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $915,113 |
| Net Accounts receivable | $19 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,367,630 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,875,328 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Goergen Foundation Inc has awarded $518,645 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM J LEWIS ACADEMY PURPOSE: SUPPORT OF ORGANIZATION | $60,000 |
AMERICAN FRIENDS OF WINE AND CIVILIZATION PURPOSE: SUPPORT OF ORGANIZATION | $6,500 |
AT HOME IN GREENWICH INC PURPOSE: SUPPORT OF ORGANIZATION | $300 |
AUDUBON GREENWICH PURPOSE: SUPPORT OF ORGANIZATION | $2,500 |
BIG SHOULDERS FUND PURPOSE: SUPPORT OF ORGANIZATION | $200 |
BRUCE MUSEUM PURPOSE: SUPPORT OF ORGANIZATION | $1,675 |