Garwin Family Foundation
- Assets
- $2.1m
- Revenue
- $147.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Carbondale, IL
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 73-1440816
Organization Overview
Garwin Family Foundation is located in Carbondale, IL. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Garwin 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 12/2022, Garwin Family Foundation generated $147.8k 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 (9.7%) each year. All expenses for the organization totaled $112.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Garwin Family Foundation has awarded 54 individual grants totaling $162,685. 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
DONATIONS WERE MADE TO UNIVERSITIES, TRADE SCHOOLS, AND HIGHSCHOOL EDUCATIONAL PROGRAMS TO PROVIDE SCHOLARSHIPS/SPONSORSHIPS TO STUDENTS SEEKING ACADEMIC ACCOMPLISHMENT AND PROFESSIONAL MASTERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marsha G Ryan Officer | 4 | $14,750 | |
Dr Mark Garwin Officer | 1 | $4,250 | |
Jacob Garwin Officer | 1 | $500 | |
John L Ryan Officer | 1 | $1,500 | |
Mary K Ryan Officer | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,995 |
| Interest on Savings | $45 |
| Dividends & Interest | $49,509 |
| Net Rental Income | $32,885 |
| Net Gain on Sale of Assets | $43,127 |
| Capital Gain Net Income | $43,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $486 |
| Total Revenue | $147,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,888 |
| Depreciation | $6,665 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $882 |
| Printing and publications | $0 |
| Other expenses | $17,968 |
| Total operating and administrative expenses | $85,592 |
| Contributions, gifts, grants paid | $27,118 |
| Total expenses and disbursements | $112,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,859 |
| 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 | $245,171 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,774,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,095,863 |
| 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 | $40,900 |
| Other liabilities | -$250 |
| Total liabilities | $40,650 |
Grants Awarded
Over the last fiscal year, Garwin Family Foundation has awarded $27,118 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AWESOMEMATH LLC PURPOSE: SCHOLARSHIPS TO STUDENTS | $2,100 |
CITY UNIVERSITY OF NEW YORK PURPOSE: SCHOLARSHIPS TO STUDENTS | $2,500 |
IOWA YOUNG WRITERS STUDIO PURPOSE: SCHOLARSHIPS TO STUDENTS | $1,349 |
PHOEBE WANG PURPOSE: SCHOLARSHIP TO STUDENT | $3,879 |
QI LIU PURPOSE: SCHOLARSHIP TO STUDENTS | $1,965 |
STANFORD PRECOLLEGIATE SPCS PURPOSE: SCHOLARSHIPS TO STUDENTS | $2,700 |