Gerald O Mann Charitable Foundation
- Assets
- $4.5m
- Revenue
- $495.5k
- Investments
- $3.9m
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-2982177
Organization Overview
Gerald O Mann Charitable Foundation is located in Highland Park, IL. The organization was established in 2010. 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. Gerald O Mann Charitable 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, Gerald O Mann Charitable Foundation generated $495.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $348.2k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gerald O Mann Charitable Foundation has awarded 45 individual grants totaling $956,000. 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 |
|---|---|---|---|
Allan A Wulfstat Trustee/chairman/attorney/accountant | 10 | $13,238 | |
Jennifer Gadiel Trustee/secretary | 5 | $14,000 | |
Matthew Wulfstat Trustee | 5 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $24 |
| Dividends & Interest | $93,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$98,476 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,238 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87 |
| Total operating and administrative expenses | $96,713 |
| Contributions, gifts, grants paid | $251,500 |
| Total expenses and disbursements | $348,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,737 |
| Savings and temporary cash investments | $59,930 |
| 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 | $162,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,893 |
| Total assets | $4,502,718 |
| 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, Gerald O Mann Charitable Foundation has awarded $251,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARS SINAI MEDICAL CENTER PURPOSE: ADVANCED HEART TRANSPLANT RESEARCH | $1,000 |
COUNCIL OF JEWISH ELDERLY DBA CJE SENIOR LIFE PURPOSE: PARKINSONS SOCIAL PROGRAMSPARKINSONS RESEARCH AND COMMUNITY SERVICESCOMMUNITY SERVICESPARKINSONS RESEARCH | $10,500 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: PANCREATIC CANCEER RESEARCHPANCREATIC CANCER RESEARCH | $25,000 |
ROLFE FOUNDATION PURPOSE: PANCREATIC CANCER RESEARCH | $50,000 |
PANCREATIC CANCER ACTION NETWORK PURPOSE: PANCREATIC CANCER RESEARCH | $5,000 |
JEWISH UNITED FUND PURPOSE: EMERGENCY FUND | $25,000 |