Gegax Family Foundation
- Assets
- $956.0k
- Revenue
- $98.7k
- Investments
- $914.1k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 41-1989478
Organization Overview
Gegax Family Foundation is located in Detroit, MI. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gegax Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Gegax Family Foundation has awarded 76 individual grants totaling $147,956. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gegax Director/president | 1 | $0 | |
Mary Wescott Director/vice Pres./treasurer | 1 | $0 | |
T Trent Gegax Director/vice Pres/secretary | 1 | $0 | |
Christopher Gegax Director/media | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $76,300 |
| Interest on Savings | $69 |
| Dividends & Interest | $40,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,309 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $399 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,518 |
| Total operating and administrative expenses | $8,717 |
| Contributions, gifts, grants paid | $51,390 |
| Total expenses and disbursements | $60,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,890 |
| 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 | $52,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $955,982 |
| 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, Gegax Family Foundation has awarded $51,390 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
THE BREMAN MUSEUM PURPOSE: SUPPORT OF DAILY ACTIVITIES | $1,000 |
THE JEWISH EDUCATION PROJECT PURPOSE: SUPPORT OF DAILY OPERATIONS | $500 |
MUCOLIPIDOSIS TYPE IV FOUNDATION PURPOSE: SUPPORT OF DAILY ACTIVITIES | $500 |
WILLIAM J BRENNAN CENTER FOR JUSTICE INC PURPOSE: SUPPORT OF DAILY OPERATIONS | $2,000 |
JUST LIKE MY CHILD FOUNDATION PURPOSE: SUPPORT OF DAILY ACTIVITIES | $1,000 |
FIRST COMMUNITY RECOVERY CHURCH PURPOSE: SUPPORT OF DAILY ACTIVITIES | $2,000 |