Gw Foundation Inc
- Assets
- $100.9m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1985
- Data as of
- 06/2022
- EIN
- 23-7128924
Organization Overview
Gw Foundation Inc is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gw 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 06/2022, Gw Foundation Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
G.W. FOUNDATION, INC. IS A NATIONAL, NON-PROFIT ORGANIZATION COMMITTED TO REDUCING SUBSTANCE ABUSE AND CO-OCCURRING MENTAL HEALTH PROBLEMS THROUGH EFFECTIVE AND EFFICIENT TREATMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
G.W. FOUNDATION, INC. HOLDS THE INVESTMENTS, INDEBTEDNESS AND PROPERTY OF ITS TAX-EXEMPT RELATED ORGANIZATIONS. THE RELATED ENTITIES ARE 501(C)(3) ORGANIZATIONS THAT PROVIDE DRUG AND ALCOHOL PREVENTION AND REHABILITATION SERVICES THROUGH RESIDENTIAL AND OUTPATIENT PROGRAMS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas P Britton PHD President & CEO (until 02/22) | OfficerTrustee | 1.33 | $0 |
Marc C Turner Interim Pres. & CEO (as Of 02/22) | OfficerTrustee | 1.33 | $0 |
Tomas Del Rio CFO | OfficerTrustee | 1.33 | $0 |
Patricia Aitken Chro | OfficerTrustee | 1.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,814,970 |
| Investment income | $1,110,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,789,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,714,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,176 |
| Pension plan accruals and contributions | $545 |
| Other employee benefits | $6,199 |
| Payroll taxes | $4,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,664 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,434 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,160,652 |
| Insurance | $0 |
| All other expenses | $1,634 |
| Total functional expenses | $1,466,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $911,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,401,918 |
| Investments—publicly traded securities | $51,183,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,385,532 |
| Total assets | $100,882,389 |
| Accounts payable and accrued expenses | $3,604 |
| Grants payable | $0 |
| Deferred revenue | $1,289 |
| Tax-exempt bond liabilities | $3,183,867 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,188,760 |
| Net assets without donor restrictions | $97,693,629 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $100,882,389 |
Endowment Analysis
| Beg. Balance | $1,577,135 |
| Earnings | -$387,846 |
| Net Contributions | $83,414 |
| Other Expense | $250,702 |
| Ending Balance | $1,022,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arc Fond Du Lac Inc Fond Du Lac, WI | $5,492,404 | $3,772,224 |
Gw Foundation Inc Chicago, IL | $100,882,389 | $9,714,845 |
Live 4 Lali Inc Arlington Heights, IL | $295,636 | $723,269 |
Elster Forbes Foundation Ballwin, MO | $7,474,708 | -$16,685 |
Saint Joseph London Foundation Inc Lexington, KY | $687,451 | $474,579 |
Southwestern Indiana Bldg Trades & Contrs Drug & Alchl Test Tr Fund Evansville, IN | $256,262 | $87,778 |
Brothers Run Foundation Versailles, KY | $75,882 | $0 |
A Doll Like Me Inc New Berlin, WI | $46,335 | $0 |
Talbot Home For Sober Living Keokuk, IA | $21,835 | $0 |
Andrew Applegate Foundation Chicago, IL | $144,131 | $0 |
Rmpd Hope Fund Rolling Mdws, IL | $11,363 | $0 |
Sv Foundation Inc Louisville, KY | $325 | $0 |