Gessner Family Foundation
- Assets
- $26.0m
- Revenue
- $6.3m
- Investments
- $25.2m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 27-0609120
Organization Overview
Gessner Family Foundation is located in Columbus, OH. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gessner 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, Gessner Family Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gessner Family Foundation has awarded 188 individual grants totaling $6,644,598. 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 |
|---|---|---|---|
Susan R Gessner President | 0.1 | $0 | |
Robert B Gessner Treasurer | 0.1 | $0 | |
Elizabeth A Mcallister Secretary | 0.1 | $0 | |
Richard W Gessner Jr Director | 0.1 | $0 | |
Larry Mcallister Vice-President & Executive | 0.1 | $0 | |
Katherine Gessner Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,839,818 |
| Interest on Savings | $60 |
| Dividends & Interest | $764,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,804,636 |
| Capital Gain Net Income | $3,804,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$116,529 |
| Total Revenue | $6,292,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,668 |
| Total operating and administrative expenses | $328,731 |
| Contributions, gifts, grants paid | $1,345,900 |
| Total expenses and disbursements | $1,674,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $765,941 |
| 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 | $1,584,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,001,470 |
| Accounts payable and accrued expenses | $19,500 |
| 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 | $19,500 |
Grants Awarded
Over the last fiscal year, Gessner Family Foundation has awarded $2,691,800 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE TO BE PURPOSE: GENERAL OPERATIONS | $10,000 |
AKRON CANTON REGIONAL FOOD BANK PURPOSE: IMMEDIATE IMPACT GRANT TO PROVIDE FOOD AS A RESULT OF THE COVID PANDEMIC, FOOD DISTRIBUTION CENTER IN CANTON, OH, & GENERAL OPERATIONS | $60,000 |
ARTFUL LIVING AND LEARNING PURPOSE: FOR USE IN MASSILLON CITY SCHOOLS | $30,000 |
BOYS' & GIRLS' CLUB OF WOOSTER PURPOSE: HELPING LOCAL KIDS OF WOOSTER | $10,000 |
BEACON CHARITABLE PHARMACY PURPOSE: GENERAL OPERATIONS & GRANTS FUNDS TO BE USED IN WESTERN STARK COUNTY | $50,000 |
FRIENDS OF MASSILLON PUBLIC LIBRARY PURPOSE: GENERAL OPERATIONS | $40,000 |