Gering Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 39-1874006
Organization Overview
Gering Family Foundation Inc is located in Wausau, WI. The organization was established in 1997. 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. Gering Family 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, Gering Family Foundation Inc generated $1.4m in total revenue. All expenses for the organization totaled $469.5k during the year ending 12/2021. While expenses have increased by 23.6% per year over the past 4 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,412 |
| Interest on Savings | $4 |
| Dividends & Interest | $35,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,044,774 |
| Capital Gain Net Income | $2,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,883 |
| Total Revenue | $1,372,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $162,220 |
| Pension plans, employee benefits | $14,047 |
| Interest | $0 |
| Taxes | $3,901 |
| Depreciation | $80,229 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162,049 |
| Total operating and administrative expenses | $465,549 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $469,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,849 |
| Savings and temporary cash investments | $2,042,720 |
| 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 | $0 |
| Net Land, buildings, and equipment | $872,777 |
| Other assets | $0 |
| Total assets | $3,015,346 |
| 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 | $22,073 |
| Total liabilities | $22,073 |
Grants Awarded
Over the last fiscal year, Gering Family Foundation Inc has awarded $4,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Weston, WI PURPOSE: GENERAL SUPPORT | $1,000 |
CONSERVANCY OF SW FLORIDA PURPOSE: GENERAL SUPPORT | $1,000 |
EVEREST GRIDIRON PURPOSE: GENERAL SUPPORT | $1,000 |
MW HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |