Gelatka Family Foundation Ltd
- Assets
- $1.3m
- Revenue
- $83.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Saint John, IN
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-2915545
Organization Overview
Gelatka Family Foundation Ltd is located in Saint John, IN. The organization was established in 2020. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gelatka Family Foundation Ltd 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, Gelatka Family Foundation Ltd generated $83.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.3%) each year.
Since 2019, Gelatka Family Foundation Ltd has awarded 21 individual grants totaling $211,250. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Gelatka Director | 0 | $0 | |
Lynn M Gelatka Director | 0 | $0 | |
Kevin E Gelatka Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,965 |
| Capital Gain Net Income | $73,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,602 |
| Contributions, gifts, grants paid | $29,700 |
| Total expenses and disbursements | $33,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,379 |
| 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 | $1,253,677 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,609 |
| Total assets | $1,312,665 |
| 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, Gelatka Family Foundation Ltd has awarded $29,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF NORTHWEST INDIANA PURPOSE: UNRESTRICTED | $10,000 |
FOREST RIDGE ACADEMY PURPOSE: UNRESTRICTED | $7,500 |
ST IGNATIUS COLLEGE PREP PURPOSE: UNRESTRICTED | $10,000 |
ST JOHN YOUTH BASEBALL PURPOSE: UNRESTRICTED | $500 |
AMERICAN AMUSEMENT MACHINE ASSOCIATION PURPOSE: UNRESTRICTED | $1,700 |