The Neil And Ginny Gerald Charitable Family Foundation
- Assets
- $697.0k
- Revenue
- $107.7k
- Investments
- $560.5k
- Employees
- 0
- Location
- North Aurora, IL
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 02-0762172
Organization Overview
The Neil And Ginny Gerald Charitable Family Foundation is located in North Aurora, IL. The organization was established in 2006. 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. Neil And Ginny Gerald Charitable 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, Neil And Ginny Gerald Charitable Family Foundation generated $107.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $148.3k during the year ending 12/2022. While expenses have increased by 42.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Neil And Ginny Gerald Charitable Family Foundation has awarded 51 individual grants totaling $304,998. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 1 | $0 | |
Name Not Listed President & Treasurer | 1 | $0 | |
Name Not Listed Honorary Vice President | 1 | $0 | |
Name Not Listed Second Vice President & Director | 1 | $0 | |
Name Not Listed Second Vice President & Assistant Secretary | 1 | $0 | |
Name Not Listed Assistant Secretary& Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $705 |
| Capital Gain Net Income | $705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $770 |
| Total operating and administrative expenses | $11,350 |
| Contributions, gifts, grants paid | $136,964 |
| Total expenses and disbursements | $148,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,500 |
| 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 | $696,999 |
| 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, The Neil And Ginny Gerald Charitable Family Foundation has awarded $136,964 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
FEED MY STARVING CHILDREN PURPOSE: 2022 SPONSORSHIP FOR MOBILE PACK | $20,000 |
CASA KANE COUNTY PURPOSE: RED CARPET SPONSOR AT FUNDRAISING EVENT | $500 |
A SPECIAL PLACE PURPOSE: LITTLE MERMAID DONATION | $750 |
LITTLE FRIENDS PURPOSE: EMPOWER LEVEL DONATION TO 45TH ANNUAL BENEFIT AUCTION | $20,000 |
SUGAR GROVE CORN BOIL NFP PURPOSE: CORN ON THE COB SPONSORSHIP FOR LOCAL FUNDRAISING FESTIVAL | $1,500 |
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: "GO THE DISTANCE" PARTNER ($5,000) FOR 2021 BRIDGE WALK & "UNDERWRITING" PARTNER ($2,500) FOR ROCK THE BLOCK | $7,500 |