Gougeon Employees Foundation
- Assets
- $169.2k
- Revenue
- $81.6k
- Investments
- $158.9k
- Employees
- 0
- Location
- Bay City, MI
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 27-2356703
Organization Overview
Gougeon Employees Foundation is located in Bay City, MI. The organization was established in 2012. 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. Gougeon Employees 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, Gougeon Employees Foundation generated $81.6k 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 (4.9%) each year. All expenses for the organization totaled $67.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gougeon Employees Foundation has awarded 234 individual grants totaling $363,817. 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 |
|---|---|---|---|
Timothy J Atkinson President | 1 | $0 | |
Dani Munsch Vice-President | 1 | $0 | |
Rachael Geerts Secretary | 1 | $0 | |
Amy L Mueller Treasurer | 1 | $0 | |
Alan R Gurski Board Member | 1 | $0 | |
Gene Escobedo Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,198 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,145 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,795 |
| Total operating and administrative expenses | $1,924 |
| Contributions, gifts, grants paid | $65,600 |
| Total expenses and disbursements | $67,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,232 |
| Savings and temporary cash investments | $0 |
| 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 | $169,154 |
| 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, Gougeon Employees Foundation has awarded $65,600 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS CENTRAL HIGH SCHOOL PURPOSE: EDUCATION | $300 |
GARBER HIGH SCHOOL PURPOSE: EDUCATION | $100 |
MIDLAND HIGH SCHOOL - BUS PROF OF A PURPOSE: EDUCATION | $1,300 |
WESTERN HIGH SCHOOL PURPOSE: EDUCATION | $100 |
BAY AREA CHAMBER OF COMMERCE YOUTH PURPOSE: COMMUNITY | $1,000 |
ARNOLD AND MARY ANN VOSS SCHOLARSHI PURPOSE: EDUCATION | $350 |