Gerald & Elizabeth Geiger Charitable Foundation Inc
- Assets
- $2.9m
- Revenue
- $213.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Somerville, NJ
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4854125
Organization Overview
Gerald & Elizabeth Geiger Charitable Foundation Inc is located in Somerville, NJ. The organization was established in 2015. 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. Gerald & Elizabeth Geiger Charitable Foundation Inc 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, Gerald & Elizabeth Geiger Charitable Foundation Inc generated $213.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year .
Since 2016, Gerald & Elizabeth Geiger Charitable Foundation Inc has awarded 109 individual grants totaling $879,749. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OTHER 501(C)(3)ORGANIZATIONS OF BOTH LOCAL AND NATIONAL FOCUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Vastola President | 0.5 | $250 | |
Winifred Vastola Vice Preside | 0.5 | $0 | |
G Robert Santye Treasurer | 0.5 | $250 | |
Donald Whitelaw Trustee | 0.5 | $0 | |
William Savo Trustee | 0.5 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,174 |
| Dividends & Interest | $56,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,747 |
| Capital Gain Net Income | $142,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $213,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,002 |
| Total operating and administrative expenses | $38,305 |
| Contributions, gifts, grants paid | $170,700 |
| Total expenses and disbursements | $209,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,566 |
| 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 | $40,158 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,872,921 |
| 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, Gerald & Elizabeth Geiger Charitable Foundation Inc has awarded $170,700 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIFE MINISTRIES PURPOSE: GENERAL | $2,500 |
ABUNDANT LIFE MINISTRIES PURPOSE: GENERAL | $2,500 |
ALS ASSOCIATION PURPOSE: GENERAL | $1,000 |
BOUND BROOK PRESBYTERIAN CHURCH PURPOSE: GENERAL | $7,000 |
BOUND BROOK PRESBYTERIAN CHURCH PURPOSE: GENERAL | $4,000 |
BRANCHBURG ROTARY FOUNDATION PURPOSE: GENERAL | $60,000 |