Gerrish Family Foundation
- Assets
- $861.7k
- Revenue
- $89.3k
- Investments
- $748.2k
- Employees
- 0
- Location
- Salem, MA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-6705036
Organization Overview
Gerrish Family Foundation is located in Salem, MA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gerrish 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, Gerrish Family Foundation generated $89.3k in total revenue. All expenses for the organization totaled $10.0k during the year ending 12/2022. While expenses have increased by 63.2% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS & GRANTS TO MEDICAL, RELIGIOUS AND EDUCATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis L Gerrish Secretary & Trustee | 0 | $0 | |
Patricia Gerrish Treasurer & Trustee | 0 | $0 | |
C Michael Gerrish Trustee | 0 | $0 | |
Thomas M Gerrish Trustee | 0 | $0 | |
Christopher J Gerrish Trustee | 0 | $0 | |
Paul Ngerrish Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35 |
| Interest on Savings | $1 |
| Dividends & Interest | $20,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,453 |
| Capital Gain Net Income | $68,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,713 |
| Total operating and administrative expenses | $9,956 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $113,467 |
| 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 | $748,228 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $861,695 |
| 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, Gerrish Family Foundation has awarded $118,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IMMACULATE CONCEPTION SCHOOL PURPOSE: EDUCATION | $100,000 |
THE PETTINGIL HOUSE PURPOSE: WELLNESS | $9,200 |
OUR NEIGHBORS TABLE PURPOSE: POVERTY AND HUNGER | $9,200 |