Genevieve And Donald S Gilmore Foundation
- Assets
- $26.8m
- Revenue
- $2.2m
- Investments
- $9.3m
- Employees
- 0
- Location
- Hickory Corners, MI
- Founding
- 07/1968
- Data as of
- 12/2022
- EIN
- 38-6154163
Organization Overview
Genevieve And Donald S Gilmore Foundation is located in Hickory Corners, MI. The organization was established in 1968. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genevieve And Donald S Gilmore 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 12/2022, Genevieve And Donald S Gilmore Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROMOTED PUBLIC INTEREST AND UNDERSTANDING OF THE HISTORY OF VARIOUS MEANS OF TRANSPORTATION THROUGH THE OPERATION OF A MUSEUM EXHIBITING ANTIQUE AND UNUSUAL AUTOMOBILES, OTHER MEANS OF TRANSPORTATION AND ASSOCIATED ITEMS OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Russell Executive Di | 40 | $166,743 | |
William U Parfet President | 3.08 | $0 | |
Keith Crain Vice Preside | 0.35 | $0 | |
Larry R Baum Vice Preside | 1.15 | $0 | |
Christopher Maloney Treasurer | 1.15 | $0 | |
Jeff Romig Secretary | 1.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $533,164 |
| Interest on Savings | $102,714 |
| Dividends & Interest | $53,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$684,649 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $504,667 |
| Other Income | $1,721,611 |
| Total Revenue | $2,231,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $166,743 |
| Other employee salaries and wages | $1,356,171 |
| Pension plans, employee benefits | $291,129 |
| Interest | $15,439 |
| Taxes | $26,492 |
| Depreciation | $527,276 |
| Occupancy | $24,759 |
| Travel, conferences, and meetings | $31,628 |
| Printing and publications | $0 |
| Other expenses | $1,476,816 |
| Total operating and administrative expenses | $4,099,618 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,099,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,287 |
| Savings and temporary cash investments | $1,774,505 |
| Net Accounts receivable | $186,056 |
| Net Pledges Receivable | $7,500 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $148,769 |
| Prepaid expenses and deferred charges | $13,676 |
| Net Investments - land, buildings, equipment | $15,781 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,679,781 |
| Other assets | $7,197,689 |
| Total assets | $26,802,315 |
| Accounts payable and accrued expenses | $434,434 |
| Grants payable | $0 |
| Deferred revenue | $153,201 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $423,000 |
| Total liabilities | $1,010,635 |
Grants Awarded
Over the last fiscal year, Genevieve And Donald S Gilmore Foundation has awarded $6,908 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD DESIGN GROUP PURPOSE: YOUTH EXHIBIT GRANT | $2,750 |
KRESA PURPOSE: SCIENCE COACHING MISTEM | $3,875 |
MARGARET DUNNING DOUNDATION PURPOSE: EDUCATION PROGRAM | $283 |