Gibault Foundation Inc
- Assets
- $16.8m
- Revenue
- $2.1m
- Investments
- $83.1k
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 35-1718781
Organization Overview
Gibault Foundation Inc is located in Terre Haute, IN. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gibault 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 12/2021, Gibault Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO GIBAULT, INC. (A 501(C)(3) ORGANIZATION).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIBAULT FOUNDATION, INC. IS DEDICATED TO BENEFITING, SERVICING, AND SOLELY SUPPORTING GIBAULT, INC. ( A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION). THE FOUNDATION CONTRIBUTES TO GIBAULT, INC. FOR PROGRAMS AND OPERATIONS.
IN SUPPORT OF GIBAULT INC.'S FUTURE GROWTH, DEVELOPMENT, AND FINANCIAL WELL-BEING, THE FOUNDATION OWNS AND MAINTAINS THE BUILDINGS, LAND AND LAND IMPROVEMENTS. THE BUILDINGS ARE LEASED BY GIBAULT, INC. FOR VARIOUS PROGRAMS. DEPRECIATION EXPENSE WAS $325,171 IN 2021. ADDITIONALLY, THE FOUNDATION PAID INTEREST EXPENSE TO A LOCAL BANK RELATED TO A BOND ISSUE INCURRED TO RENOVATE EXISTING BUILDINGS. INTEREST PAID DURING 2021 WAS $53,424.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Zielinski Secretary | OfficerTrustee | 1 | $0 |
Jeffrey R Guenther Treasurer | OfficerTrustee | 1 | $0 |
Robert Lynch President | OfficerTrustee | 1 | $0 |
Doug Adams Vice President | OfficerTrustee | 1 | $0 |
Michele Madley CEO | Officer | 1 | $0 |
Craig Hanusin Director | Trustee | 1 | $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 | $131,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,878 |
| Total Program Service Revenue | $825,000 |
| Investment income | $170,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $866,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,060,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $850,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,000 |
| 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 | $46,658 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325,171 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,346,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,528 |
| 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 | $6,352,012 |
| Investments—publicly traded securities | $10,112,674 |
| Investments—other securities | $83,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,643 |
| Total assets | $16,823,489 |
| Accounts payable and accrued expenses | $19,051 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,720,504 |
| Total liabilities | $1,739,555 |
| Net assets without donor restrictions | $14,895,378 |
| Net assets with donor restrictions | $188,556 |
| 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 | $16,823,489 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gibault Foundation Inc has recieved totaling $17,314.
| Awarding Organization | Amount |
|---|---|
Community Foundation Alliance Inc Evansville, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $17,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $9,628,643 |
| Earnings | $1,041,426 |
| Admin Expense | $45,958 |
| Net Contributions | $131,069 |
| Grants | $125,531 |
| Ending Balance | $10,629,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |