Gethmann Foundation
- Assets
- $671.1k
- Revenue
- $18.6k
- Investments
- $382.1k
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 42-6063299
Organization Overview
Gethmann Foundation is located in Marshalltown, IA. The organization was established in 1959. 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. Gethmann 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, Gethmann Foundation generated $18.6k 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 (20.1%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gethmann Foundation has awarded 89 individual grants totaling $287,450. 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 |
|---|---|---|---|
Jill D Craft President, Treasurer | 0 | $0 | |
John L Craft Vice President, Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $8,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,629 |
| Capital Gain Net Income | $9,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,310 |
| Contributions, gifts, grants paid | $53,500 |
| Total expenses and disbursements | $55,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,061 |
| Savings and temporary cash investments | $287,942 |
| 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 | $382,129 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $671,132 |
| 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, Gethmann Foundation has awarded $53,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY SCHOLARSHIP PURPOSE: SUPPORT OF COLORADO STATE SCHOLARSHIP | $3,000 |
EAST MARSHALL BOOSTER CLUB PURPOSE: SUPPORT OF EAST MARSHALL BOOSTER CLUB | $20,000 |
RAGOM PURPOSE: SUPPORT OF RETRIEVE A GOLDEN OF MN | $5,000 |
CAMP SOUTHERN GROUND PURPOSE: SUPPORT OF CAMP SOUTHERN GROUND | $3,000 |
RIVERSIDE CEMETARY PURPOSE: UPKEEP FOR THE CEMETARY | $2,500 |
EAST MARSHALL SCHOOL SCHOLARSHIP PURPOSE: SCHOLARSHIP FOR THE SCHOOL | $7,500 |