Herm And Shirley Geers Foundation
- Assets
- $2.5m
- Revenue
- $162.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Kewadin, MI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1534415
Organization Overview
Herm And Shirley Geers Foundation is located in Kewadin, MI. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herm And Shirley Geers 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, Herm And Shirley Geers Foundation generated $162.7k 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 (18.8%) each year. All expenses for the organization totaled $232.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herm And Shirley Geers Foundation has awarded 159 individual grants totaling $2,300,020. 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 |
|---|---|---|---|
David Geers Director | 5 | $0 | |
Gregory Geers Director | 1 | $0 | |
Jeff Geers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $49,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,736 |
| Capital Gain Net Income | $112,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $32,261 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $232,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,067 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $2,458,932 |
| 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, Herm And Shirley Geers Foundation has awarded $200,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIFE FOUNDATION PURPOSE: CREATE OPPORTUNITIES FOR THE PEOPLE OF ROATAN TO LIVE A MORE VIBRANT LIFE THROUGH COMMUNITY DEVELOPMENT, EDUCATION, AND CONSERVATION. | $30,000 |
CHOSEN VISION PURPOSE: TO EMPOWER DEVELOPMENTALLY DISABLED ADULTS TO LIVE LIFE AS IT SHOULD BE. | $10,000 |
DWELLINGS ALTERNATIVE MISSIONS PURPOSE: TO BUILD HOMES AND CHANGE LIVES BY PROVIDING SHELTER AND HOPE FOR RECIPIENT FAMILIES AS WELL AS A LIFE CHANGING EXPERIENCE FOR THOSE INVOLVED IN THE BUILDING PROCESS. | $20,000 |
FORGOTTEN MAN MINISTRIES PURPOSE: TO BRING TOGETHER INMATES, CHAPLAINS, AND LAY-WORKERS IN THE STUDY AND MINISTRY OF GOD'S WORD. | $5,000 |
FRIENDS OF AGAPE PURPOSE: TO HELP CHRISTIANS SERVING IN CHALLENGING PLACES AROUND THE WORLD. | $10,000 |
GREATER LANSING FOOD BANK PURPOSE: PROVIDES EMERGENCY FOOD TO INDIVIDUALS AND FAMILIES IN NEED IN INGHAM, EATON, CLINTON, SHIAWASSEE, CLARE, ISABELLA AND GRATIOT COUNTIES | $5,000 |