Mary Jane Wahl Gearns Foundation
- Assets
- $13.6m
- Revenue
- $323.9k
- Investments
- $13.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-2659091
Organization Overview
Mary Jane Wahl Gearns Foundation is located in New York, NY. The organization was established in 2013. 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. Mary Jane Wahl Gearns 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, Mary Jane Wahl Gearns Foundation generated $323.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary Jane Wahl Gearns Foundation has awarded 82 individual grants totaling $2,250,500. 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 |
|---|---|---|---|
Mary Gail Gearns Trustee | 3 | $0 | |
John W Gearns Trustee | 2 | $0 | |
David L Russo Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115 |
| Dividends & Interest | $433,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109,567 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $323,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $180,819 |
| Contributions, gifts, grants paid | $822,000 |
| Total expenses and disbursements | $1,002,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,557 |
| Savings and temporary cash investments | $0 |
| 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 | $13,633,614 |
| 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, Mary Jane Wahl Gearns Foundation has awarded $822,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: SUPPORT PROGRAMS TO PROVIDE HUMANITARIAN ASSISTANCE TO VICTIMS OF POVERTY, WAR AND NATURAL DISASTERS | $25,000 |
BISHOP SULLIVAN CENTER PURPOSE: PROVIDE FOOD AND OTHER AID TO PEOPLE SUFFERING FINANCIAL HARDSHIP | $2,250 |
BOTH ENDS BELIEVING PURPOSE: SUPPORT PROGRAMS TO PROVIDE ASSISTANCE TO FOSTER CHILDREN AND THEIR FAMILIES | $48,000 |
CARNEGIE HALL PURPOSE: SUPPORT MUSICAL PROGRAMMING OFFERED AT CARNEGIE HALL | $25,000 |
CATHOLIC RELIEF SERVICES PURPOSE: SUPPORT PROGRAMS TO PROVIDE HUMANITARIAN ASSISTANCE TO NEEDY INDIVIDUALS | $125,000 |
CHANCES FOR CHILDREN PURPOSE: SUPPORT PROGRAMS TO PROVIDE MEDICAL AND EDUCATIONAL ASSISTANCE TO IMPOVERISHED | $48,000 |