Rollin M Gerstacker Foundation
- Assets
- $0.0
- Revenue
- $14.2m
- Investments
- $128.2m
- Employees
- 0
- Location
- Midland, MI
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 38-6060276
Organization Overview
Rollin M Gerstacker Foundation is located in Midland, MI. The organization was established in 1958. 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. Rollin M Gerstacker 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 12/2021, Rollin M Gerstacker Foundation generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail E Lanphear Chairperson | 1.92 | $0 | |
Lisa J Gerstacker President | 7.69 | $0 | |
William D Schuette Exec Vp/asst | 7.69 | $0 | |
William C Lauderbach Treasurer | 4.81 | $0 | |
Thomas L Ludington Secretary | 1.15 | $0 | |
Paul F Oreffice Trustee | 1.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Guardian Trust Co | 12/30/22 | $92,428 |
Wells Fargo | 12/30/22 | $719,394 |
William Blair & Co | 12/30/22 | $261,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,014,176 |
| Profit on Inventory Sales | $0 |
| Other Income | $288,193 |
| Total Revenue | $14,196,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $36,704 |
| Occupancy | $107,018 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,735,406 |
| Contributions, gifts, grants paid | $8,992,650 |
| Total expenses and disbursements | $10,728,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,387,672 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |