Gostomski Foundation
- Assets
- $18.8m
- Revenue
- $1.4m
- Investments
- $17.7m
- Employees
- 0
- Location
- Oakbrook Terrace, IL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-6976292
Organization Overview
Gostomski Foundation is located in Oakbrook Terrace, IL. The organization was established in 2014. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gostomski 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 12/2021, Gostomski Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $929.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gostomski Foundation has awarded 162 individual grants totaling $6,620,924. 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 |
|---|---|---|---|
Michael M Gostomski Trustee | 0 | $0 | |
John Staab Co-Trustee | 0 | $0 | |
Christopher Hughes Co-Trustee | 0 | $0 | |
Adam Damerow Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,014 |
| Dividends & Interest | $804,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $492,468 |
| Capital Gain Net Income | $492,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,033 |
| Total Revenue | $1,379,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104,645 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $255,758 |
| Total operating and administrative expenses | $464,288 |
| Contributions, gifts, grants paid | $465,586 |
| Total expenses and disbursements | $929,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,490 |
| Savings and temporary cash investments | $968,190 |
| 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 | $17,653,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $80,740 |
| Total assets | $18,828,695 |
| 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 | $265,809 |
| Total liabilities | $265,809 |
Grants Awarded
Over the last fiscal year, Gostomski Foundation has awarded $515,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S UNIVERSITY OF MINNESOTA PURPOSE: GENERAL | $167,500 |
FRANCISCAN FRIARS PURPOSE: GENERAL | $35,000 |
MINNESOTA MARINE ART MUSEUM PURPOSE: GENERAL | $10,000 |
CHRISTIAN BROTHERS OF THE MIDWEST PURPOSE: GENERAL | $25,000 |
EAGLE BLUFF ENVIRONMENTAL LEARNING CENTER PURPOSE: GENERAL | $15,000 |
DE LASALLE HIGH SCHOOL PURPOSE: GENERAL | $55,000 |