Gainey Foundation
- Assets
- $39.3m
- Revenue
- $1.8m
- Investments
- $37.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-5632706
Organization Overview
Gainey Foundation is located in Milwaukee, WI. 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. Gainey 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, Gainey Foundation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gainey Foundation has awarded 66 individual grants totaling $6,130,000. 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 |
|---|---|---|---|
Daniel H Gainey President & Tresurer | 2 | $10,000 | |
Diane P Gainey VP & Secretary | 2 | $10,000 | |
Wiliam K Rodgers Board Member | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,070,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $770,769 |
| Capital Gain Net Income | $770,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,841,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $181,056 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,088 |
| Total operating and administrative expenses | $520,616 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,520,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,315,119 |
| 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 | $30,565,127 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,778 |
| Total assets | $39,268,609 |
| 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, Gainey Foundation has awarded $2,000,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA PURPOSE: GENERAL OPERATING | $100,000 |
ISD 761 FOUNDATION PURPOSE: GENERAL OPERATING | $80,000 |
SANTA BARBARA EDUCATION FOUNDATION PURPOSE: GENERAL OPERATING | $100,000 |
SCHOLARSHIP FOUNDATION OF SANTA BARBARA PURPOSE: GENERAL OPERATING | $90,000 |
YMCA PURPOSE: GENERAL OPERATING | $50,000 |
TRANSITION HOUSE PURPOSE: GENERAL OPERATING | $100,000 |