Gerald & Dorothy Volm Foundation Inc
- Assets
- $1.3m
- Revenue
- $56.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Indio, CA
- Founding
- 11/1977
- Data as of
- 12/2023
- EIN
- 39-1269616
Organization Overview
Gerald & Dorothy Volm Foundation Inc is located in Indio, CA. The organization was established in 1977. 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 & Dorothy Volm 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 12/2023, Gerald & Dorothy Volm Foundation Inc generated $56.1k 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 (3.4%) each year. All expenses for the organization totaled $63.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gerald & Dorothy Volm Foundation Inc has awarded 103 individual grants totaling $636,475. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William P Volm President | 2 | $2,000 | |
Robert A Hilger Vice President | 1 | $0 | |
Cynthia L Hilger Treasurer/secre | 3 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,165 |
| Dividends & Interest | $15,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,325 |
| Capital Gain Net Income | $20,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,639 |
| Total operating and administrative expenses | $15,919 |
| Contributions, gifts, grants paid | $47,950 |
| Total expenses and disbursements | $63,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,220 |
| 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 | $677,803 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,497 |
| Total assets | $1,281,097 |
| 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 & Dorothy Volm Foundation Inc has awarded $47,950 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS CATHOLIC SCHOOL PURPOSE: EDUCATIONAL & RELIGIOUS | $500 |
CAMP LUTHER PURPOSE: EDUCATIONAL & RELIGIOUS | $25,000 |
PEACE LUTHERAN CHURCH PURPOSE: RELIGIOUS | $600 |
UNITED WAY OF LANGLADE COUNTY PURPOSE: COMMUNITY ASSISTANCE | $11,000 |
THE GIVING TREE OF LANGLADE COUNTY PURPOSE: COMMUNITY PROMOTION | $600 |
BOYS GIRLS CLUB OF COACHELLA VALLEY PURPOSE: COMMUNITY ASSITANCE | $5,000 |