Geneva National Foundation Inc
- Assets
- $107.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Geneva, WI
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-2296860
Organization Overview
Geneva National Foundation Inc is located in Lake Geneva, WI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Geneva National 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, Geneva National Foundation Inc generated $41.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Geneva National Foundation Inc has awarded 16 individual grants totaling $313,377. 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE GENEVA NATIONAL FOUNDATION SCHOLARSHIP FUND IS A SERVICE DIRECTED BY THE MEMBERS OF GENEVA NATIONAL GOLF CLUB, AS A TOOL TO SUPPORT STUDENTS WHO WORK FOR THE BETTERMENT OF OUR COMMUNITY THROUGH AN ANNUAL SCHOLARSHIP PROGRAM. APPLICATIONS FROM AREA STUDENTS ARE ACCEPTED MID-SUMMER AND REVIEWED BY A PANEL OF CLUB MEMBERS, WITH SCHOLARSHIPS BEING AWARDED WITH PROOF OF SCHOOL ENROLLMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Chambers President | 1 | $0 | |
Dawn Mall Treasurer | 1 | $0 | |
Barbara Karabas Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $820 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $906 |
| Total expenses | $12,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,411 |
| Other assets | $0 |
| Total assets | $107,411 |
| Total liabilities | $820 |
| Net assets or fund balances | $106,591 |
Grants Awarded
Over the last fiscal year, Geneva National Foundation Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Walworth, WI PURPOSE: PROVIDE ASSISTANCE TO INDIVIDUALS WITH DISABILITIES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Geneva National Foundation Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Haggerty Family Foundation Newport Beach, CA PURPOSE: TO PROVIDE SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $9,844 |
| Admin Expense | $144 |
| Net Contributions | $5,000 |
| Grants | $5,000 |
| Ending Balance | $9,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Book Industry Charitable Foundation Ann Arbor, MI | $3,616,056 | $2,208,751 |