Gentex Foundation
- Assets
- $76.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Zeeland, MI
- Founding
- Data as of
- 12/2022
- EIN
- 87-3434751
Organization Overview
Gentex Foundation is located in Zeeland, MI. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gentex Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORTED ACTIVITIES - APPROXIMATELY 100 ORGANIZATIONS AND OTHER BENEFICIARIES SERVED
EDUCATION BASED SUPPORTED ACTIVITIES - APPROXIMATELY 60 SCHOOLS AND RELATED PROGRAMS SERVED
YOUTH RELATED ACTIVITIES - APPROXIMATELY 25 ORGANIZATIONS AND OTHER BENEFICIARIES SERVED
HEALTH AND RELATED WELLNESS SUPPORTED ACTIVITIES - APPROXIMATELY 5 ORGANIZATIONS AND OTHER BENEFICIARIES SERVED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Downing President & | 0 | $0 | |
Kevin Nash CFO & VP Of | 0 | $0 | |
Scott Ryan VP Of Genera | 0 | $0 | |
Seth Bushouse Senior Direc | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,720 |
| Total operating and administrative expenses | $1,720 |
| Contributions, gifts, grants paid | $922,355 |
| Total expenses and disbursements | $924,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,425 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $76,425 |
| Accounts payable and accrued expenses | $500 |
| 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 | $500 |
Grants Awarded
Over the last fiscal year, Gentex Foundation has awarded $922,355 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY - SEE ATTACHED PURPOSE: COMMUNITY SUPPORT - SEE ATTACHED | $430,850 |
EDUCATION - SEE ATTACHED PURPOSE: EDUCATION SUPPORT - SEE ATTACHED | $414,825 |
HEALTH - SEE ATTACHED PURPOSE: HEALTH SUPPORT - SEE ATTACHED | $21,500 |
YOUTH - SEE ATTACHED PURPOSE: YOUTH SUPPORT - SEE ATTACHED | $55,180 |