Geer Corporation
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Canaan, CT
- Founding
- 12/1989
- Data as of
- 09/2020
- EIN
- 06-1483243
Organization Overview
Geer Corporation is located in Canaan, CT. The organization was established in 1989. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, Geer Corporation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geer Corporation 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 09/2020, Geer Corporation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT OVERSIGHT TO AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEER CORPORATION PROVIDES MANAGEMENT OVERSIGHT TO THE FOUR OTHER AFFILIATED ORGANIZATIONS. THIS INCLUDES FINANCE, STRATEGIC AND OPERATIONAL PLANNING, DEVELOPMENT AND SUPERVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Shaun Powell CFO | Officer | 20 | $146,847 |
Anastacia Nicholas Executive Director | Officer | 4 | $102,729 |
Lance Leifert Vice Chair, Treasurer | OfficerTrustee | 0.5 | $0 |
Maureen Mccarthy Treasurer (to 1/27/21) | OfficerTrustee | 0.5 | $0 |
James Sok Chair | OfficerTrustee | 0.5 | $0 |
Dennis J Kobylarz MD Medical Director | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,545 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,083,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $380,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $488,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,143 |
| Payroll taxes | $75,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,817 |
| Fees for services: Accounting | $19,095 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,211 |
| Advertising and promotion | $1,240 |
| Office expenses | $11,921 |
| Information technology | $18,327 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,298,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,882 |
| Other assets | $305,169 |
| Total assets | $1,543,283 |
| Accounts payable and accrued expenses | $76,731 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $153,521 |
| Unsecured mortgages and notes payable | $10,358 |
| Other liabilities | $266,912 |
| Total liabilities | $507,522 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,035,761 |
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