Georgy Family Foundation
- Assets
- $844.4k
- Revenue
- $40.9k
- Investments
- $809.3k
- Employees
- 0
- Location
- Crystal Lake, IL
- Founding
- 06/2014
- Data as of
- 06/2024
- EIN
- 46-4238546
Organization Overview
Georgy Family Foundation is located in Crystal Lake, IL. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Georgy 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.
For the year ending 06/2024, Georgy Family Foundation generated $40.9k 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 (11.8%) each year. All expenses for the organization totaled $57.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Georgy Family Foundation has awarded 79 individual grants totaling $301,745. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS ARE PROVIDED TO CHARITIES THAT PROVIDE PROGRAMS FOR A VARIETY OF SOCIAL NEEDS INCLUDING ASSISTING THOSE WITH DEVELOPMENTAL DISABILITIES, BEHAVIORAL HEALTH SERVICES, SOCIAL SERVICES, PROGRAMS TO ASSIST VETERANS, CHILDREN AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Georgy President, D | 0 | $0 | |
Marilyn Georgy Vp, Secretar | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $104 |
| Dividends & Interest | $17,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,759 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $294 |
| Total operating and administrative expenses | $5,541 |
| Contributions, gifts, grants paid | $52,200 |
| Total expenses and disbursements | $57,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,125 |
| Savings and temporary cash investments | $10,907 |
| 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 | $809,344 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,376 |
| 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, Georgy Family Foundation has awarded $52,200 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
1ST WAY LIFE CENTER PURPOSE: PREGNANCY CARE | $2,500 |
BOTH HANDS MINISTRY PURPOSE: ADOPTION | $500 |
4 STRINGS ATTACHED PURPOSE: OPERATIONS | $500 |
CASA OF MCHENRY COUNTY PURPOSE: OPERATIONS | $3,500 |
CRYSTAL LAKE CHAMBER FOUNDATION PURPOSE: OPERATIONS | $1,000 |
DICESE OF ROCKFORD PURPOSE: OPERATIONS | $1,000 |