Daniel & Flavia Gernata Family Foundation
- Assets
- $3.1m
- Revenue
- $75.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Gowanda, NY
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 22-2914177
Organization Overview
Daniel & Flavia Gernata Family Foundation is located in Gowanda, NY. The organization was established in 1988. 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. Daniel & Flavia Gernata 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, Daniel & Flavia Gernata Family Foundation generated $75.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $244.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daniel & Flavia Gernata Family Foundation has awarded 233 individual grants totaling $1,485,890. 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 Gernatt Jr Trustee | 1 | $0 | |
Patricia Rebmann Trustee | 5 | $0 | |
Phyllis Ulmer Trustee | 1 | $0 | |
Cynthia Peglowski Trustee | 1 | $0 | |
Dianna Saraf Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,519 |
| Dividends & Interest | $46,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $170,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,281 |
| Total Revenue | $75,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,506 |
| Total operating and administrative expenses | $64,585 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $244,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,401 |
| Savings and temporary cash investments | $240,526 |
| 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 | $3,147,954 |
| 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, Daniel & Flavia Gernata Family Foundation has awarded $180,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE INC PURPOSE: CHARITABLE-ASSISTANCE FORNEEDY FAMILIES | $20,000 |
LOVE INC OF SPRINGVILLE NY PURPOSE: CHARITABLE-ASSISTANCE FORNEEDY FAMILIES | $20,000 |
CATHOLIC CHARITIES OF BUFFALO NY PURPOSE: CHARITABLE-NEEDY FAMILIES | $10,000 |
TRI-COUNTY CRISIS PREGNANCY CENTER PURPOSE: ASSISTANCETO PREGNANTWOMEN | $5,000 |
ST VINCENT DEPAUL SOCIETY PURPOSE: ASSISTANCETO POOR ANDHOMELESS | $5,000 |
CANISIUS COLLEGE PURPOSE: TUITIONASSISTANCE | $5,000 |