Greer Foundation
- Assets
- $30.5m
- Revenue
- $5.6m
- Investments
- $17.0m
- Employees
- 0
- Location
- Alsip, IL
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 83-6080990
Organization Overview
Greer Foundation is located in Alsip, IL. The organization was established in 2007. 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. Greer 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 12/2023, Greer Foundation generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $734.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greer Foundation has awarded 145 individual grants totaling $11,042,607. 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
2023
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 |
|---|---|---|---|
Carl C Greer Trustee, As Required | 0 | $0 | |
Donald Waterlander Executive Director | 0 | $69,750 | |
Lisa Sanchez Chief Financial Officer | 0 | $66,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,023,061 |
| Interest on Savings | $438,946 |
| Dividends & Interest | $408,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $761,345 |
| Capital Gain Net Income | $761,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,870 |
| Total Revenue | $5,640,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,367 |
| Interest | $10,323 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,775 |
| Printing and publications | $0 |
| Other expenses | $36,857 |
| Total operating and administrative expenses | $333,923 |
| Contributions, gifts, grants paid | $401,000 |
| Total expenses and disbursements | $734,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,478,163 |
| 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 | $17,035,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,513,205 |
| Accounts payable and accrued expenses | $29,581 |
| 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 | $29,581 |
Grants Awarded
Over the last fiscal year, Greer Foundation has awarded $401,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE FOURTH PRESBYTERIAN CHURCH PURPOSE: 2023 - FALL GRANT - REPLOGLE CENTER | $20,000 |
LOYOLA UNIVERSITY CHICAGO SCHOLARS PURPOSE: 2023 SCHOLARSHIPS | $200,000 |
COLUMBIA UNIVERSITY PURPOSE: UNRESTRICTED CHARITABLE GIFT | $1,000 |
COLUMBIA BUSINESS SCHOOL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $5,000 |
UNIVERSITY OF ARIZONA PURPOSE: 2023 SPRING GRANT CYCLE - INTEGRATIVE MEDICINE AND FELLOWSHIP SCHOLARSHIPS | $100,000 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: UNRESTRICTED CHARITABLE GIFT | $75,000 |