Geisse Foundation
- Assets
- $4.5m
- Revenue
- $676.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 01/1970
- Data as of
- 12/2023
- EIN
- 23-7049780
Organization Overview
Geisse Foundation is located in Chagrin Falls, OH. The organization was established in 1970. 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. Geisse 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 12/2023, Geisse Foundation generated $676.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $840.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Geisse Foundation has awarded 149 individual grants totaling $3,969,147. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy F Geisse Exec Dir/ttee | 10 | $0 | |
Lawrence J Geisse MD Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $915 |
| Dividends & Interest | $165,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $506,103 |
| Capital Gain Net Income | $506,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,431 |
| Total Revenue | $676,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,718 |
| Total operating and administrative expenses | $126,181 |
| Contributions, gifts, grants paid | $714,763 |
| Total expenses and disbursements | $840,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,126 |
| 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 | $221,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $4,467,296 |
| 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, Geisse Foundation has awarded $714,763 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR A MORE JUST SOCIETY PURPOSE: GENERAL PURPOSE | $50,660 |
BUILDING HOPE IN THE CITY PURPOSE: GENERAL PURPOSE | $20,000 |
CONGO LEADERSHIP INITIATIVE PURPOSE: GENERAL PURPOSE | $30,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL PURPOSE | $10,000 |
COOPERATIVE FOR EDUCATION PURPOSE: GENERAL PURPOSE | $35,000 |
DESERT RESEARCH INSTITUTE PURPOSE: GENERAL PURPOSE | $30,000 |