Scott C And Gina M Gage Familyfoundation
- Assets
- $410.6k
- Revenue
- $7.0k
- Investments
- $402.7k
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-4900242
Organization Overview
Scott C And Gina M Gage Familyfoundation is located in Minnetonka, MN. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Scott C And Gina M Gage Familyfoundation 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 12/2022, Scott C And Gina M Gage Familyfoundation generated $7.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $24.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scott C And Gina M Gage Familyfoundation has awarded 46 individual grants totaling $124,232. 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 |
|---|---|---|---|
Gina M Gage Trustee, Treasurer | 1 | $0 | |
Scott C Gage Trustee, President | 1 | $0 | |
C David Nelson Trustee, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,384 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $3,198 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $24,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,961 |
| 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 | $410,634 |
| 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, Scott C And Gina M Gage Familyfoundation has awarded $21,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOCKEY LIMITED PURPOSE: BIRD BASH | $2,000 |
AUGSBURG UNIVERSITY PURPOSE: STEPUP PROGRAM | $9,000 |
CU DISABILITY SERVICES PURPOSE: ACADEMIC COACHING | $8,500 |
CARLSON SCHOOL OF MANAGEMENT PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
STORIES FOUNDATION PURPOSE: TEAM GRISWORLD | $500 |