Gene And Ruth Posner Foundation Inc
- Assets
- $5.7m
- Revenue
- $960.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1963
- Data as of
- 12/2021
- EIN
- 39-6050150
Organization Overview
Gene And Ruth Posner Foundation Inc is located in Milwaukee, WI. The organization was established in 1963. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gene And Ruth Posner 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, Gene And Ruth Posner Foundation Inc generated $960.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $537.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gene And Ruth Posner Foundation Inc has awarded 355 individual grants totaling $2,549,680. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tod I Gimbel Vice President/board Member | 1 | $0 | |
Joshua L Gimbel President/treasurer/board Member | 2 | $0 | |
Barbara P Ward Secretary/board Member | 1 | $0 | |
Abby Posner Board Member | 0.5 | $0 | |
Frederic Posner Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $157,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $802,575 |
| Capital Gain Net Income | $802,575 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89 |
| Total Revenue | $960,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $131,457 |
| Contributions, gifts, grants paid | $406,030 |
| Total expenses and disbursements | $537,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,425 |
| 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 | $876,257 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,736,413 |
| 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, Gene And Ruth Posner Foundation Inc has awarded $406,030 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $65,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $40,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $30,000 |
MEDICAL COLLEGE OF WISCONSIN EYE INSTITUTE PURPOSE: GENERAL OPERATIONS | $30,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $20,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Of North Central Wisconsin Inc Wausau, WI | $5,456,425 | $7,999,504 |
Cerebral Palsy Inc Green Bay, WI | $17,196,927 | $8,115,992 |
Curefa Foundation Inc Port Washington, WI | $3,628,378 | $2,819,191 |
Hemophilia Foundation Of Michigan Ypsilanti, MI | $2,873,305 | $3,729,383 |
United Cerebral Palsy Center For Disability Services Joliet, IL | $3,735,483 | $3,150,628 |
Connectability Of Mn Inc St Cloud, MN | $816,159 | $2,706,235 |
National Association Of Neonatal Nurses Chicago, IL | $1,978,150 | $2,104,976 |
Cerebral Palsy Of Southwestern Illinois Fairview Heights, IL | $3,197,425 | $1,946,488 |
Great Lakes Hemophilia Foundation Inc Milwaukee, WI | $2,570,807 | $1,284,453 |
Williams Syndrome Association Inc Troy, MI | $3,106,665 | $1,472,394 |
Midwest Asian Health Association - Maha Chicago, IL | $1,647,552 | $1,767,369 |
The Lyon Family Foundation Chicago, IL | $4,144,753 | $242,200 |