Gerard Family Foundation
- Assets
- $160.7k
- Revenue
- $14.8k
- Investments
- $145.4k
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 13-4007575
Organization Overview
Gerard Family Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Gerard Family Foundation 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 12/2023, Gerard Family Foundation generated $14.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Egon Gerard Director | 1 | $0 | |
Daniel Gerard Secy/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $488 |
| Total operating and administrative expenses | $1,642 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $15,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,275 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $160,720 |
| 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, Gerard Family Foundation has awarded $14,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SAVE THE CHILDREN PURPOSE: GENERAL OPERATING | $500 |
GODDARD RIVERSIDE COMMUNITY CENTER PURPOSE: COMMUNITY WELFARE | $2,000 |
SALVATION ARMY PURPOSE: GENERAL OPERATING | $500 |
CITY MEALS ON WHEELS PURPOSE: COMMUNITY WELFARE | $1,000 |
WNYC PUBLIC RADIO PURPOSE: MUSIC APPRECIATION | $1,000 |
WNET PURPOSE: CULRURAL PROGRAMS | $2,500 |